Rev. Michael Yaoo Banson, Resident Pastor of The Rehoboth Holyfire Revival Ministries International, has issued a caution against wilful borrowing, urging individuals to make wise financial decisions instead.
In a recent appearance on Plan B FM’s Nyansapɔ Fie programme with host Nana Asabea, Rev. Banson highlighted the dangers of habitual borrowing, particularly in the workplace where employees may frequently request salary advances or borrow from petty cash.
Citing the story of Richard Branson, the renowned entrepreneur behind the Virgin Group, Rev. Banson underscored the importance of preparation and attention to detail. Branson’s experience, where he ran out of fuel on the highway due to oversight, serves as a reminder that even highly successful individuals can face unexpected challenges.
According to Rev. Banson, this anecdote illustrates three key points:
1. The Importance of Preparation: Branson’s experience highlights the need for attention to detail and preparation in all aspects of life.
2. The Value of Humility and Adaptability: Successful individuals, like Branson, must be humble and adaptable when faced with unexpected challenges.
3. Success Doesn’t Immunize Against Mistakes: Even billionaires like Branson can make mistakes, demonstrating that success doesn’t guarantee immunity against setbacks.
Rev. Banson warned that the effects of borrowing can be far-reaching, including financial strain, stress, and damaged relationships. He emphasised the need for responsible borrowing practices and financial discipline.
Rev. Dr. Christiana Otoo Lartey, Senior Pastor of the Assemblies of God Church, added a spiritual perspective, cautioning that when individuals are not held accountable for repayment, they may become overly interested in borrowing, potentially leading to spiritual consequences.
She warned that this lack of accountability could result in a “demonic spiritual backing” that’s difficult to escape.
By promoting wise borrowing practices and financial responsibility, Rev. Dr. Lartey encourages individuals to adopt a more disciplined approach to financial management, avoiding the pitfalls of wilful borrowing and its potential consequences.
By:Longman/Planbfmonline.com
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