Proverbs 11: King James Bible
Surety – Daily Devotion of Proverbs chapter eleven, Verse – 15
15 He that is surety for a stranger shall smart for it: and he that hateth suretiship is sure.
Daily Inspiration from These Verses
More financial advise from the wealthiest King to have ever existed. Being King, hearing and trying cases, and his involvement in business decisions, gave him a ring side seat to the perils of unwise financial maneuvering.
I like to take the word “smart” in the sentence above, as one would after stubbing one’s toe. “Hey, that smarts!” That’s what all of us would say, right? I thought so.
Being surety for a stranger is akin to cosigning for a loan, for someone that you don’t know. There may not be too many of us out here that can relate to this, because this would typically go on with people who have great credit, lots of money, or a healthy amount of collateral.
Cosigning for a loan for someone that you don’t know, is a risk that people involved in finance face all the time. This form of risk taking is one of the excuses used for the last recession that we saw happen from 2008, till years after the fact. That’s what kicked of the controversial ‘too big to fail’ banking grants that followed, and a struggle of a rebound ever since.
Another thing that’s been happening since the internet reached household status, are scams to get you to give your money as surety to strangers, in order to get a ridiculous amount back for your good deed. I never knew that there were so many princes out there, until I started receiving those spam emails! This has ruined the lives of well intentioned people, bringing some to their knees financially. Particularly those who gave away their retirement, because the promise of Prince SoandSo III from Nigeria, or a phony United Nations lottery that nobody’s ever entered, but all have won.
Sometimes we take financial risks, because we either have to, or feel like we have to. This place isn’t designed anymore for us to live comfortably without owing someone for something. That said, I’ve heard many a horror story, of people putting up their homes or vehicles, as collateral on a loan for someone else, and losing it, or having to take out a second mortgage, to correct or counter the loss of the defaulted loan. And I’d say that in several different ways, that really smarts.
Don’t get this confused with giving. Giving, is something that the Lord would rather us do, and not expect the gift to be paid back. If that was the case, it isn’t a gift anymore, but a loan. But that is no excuse to place yourself in the position, where you needlessly place yourself in debt, which is something that the Lord would rather us stay out of.
Like many situations, finance is an area that is best handled prayerfully, being directed by the Holy Ghost. Wisdom, understanding, and insight from the Lord can’t be beat, and he’s the one who knows what’s ahead, what you might need to prepare for, or what you’ll have to be able to handle financially that may not have made itself known yet.
Related New Testament Scripture
Matthew 6: King James Bible
12 And forgive us our debts, as we forgive our debtors.
Romans 8: King James Bible
12 Therefore, brethren, we are debtors, not to the flesh, to live after the flesh.
Romans 13: King James Bible
8 Owe no man any thing, but to love one another: for he that loveth another hath fulfilled the law.
Hebrews 7: King James Bible
22 By so much was Jesus made a surety of a better testament.
Thank you for all that you’ve given, and for all that you’ve done. You are our source for all things, and we ask that you grant us the wisdom to do well with all that you’ve given us, and help us to break free from the yoke of debt in our lives. Please show us how you’d have us do it, and give us the wisdom, understanding, discretion, patience, and diligence, to follow through with all that may be required to do so. In the name of the Lord Jesus Christ we pray.
Have you ever witnessed the damage being a surety can bring?