
My husband, Lynn and I began attending Victory World Church shortly after the first year of our marriage and continued faithfully for 12 years. This was a crucial foundation-building stage for both our marriage and our walk as Christians. It was exactly where we needed to be. We gravitated toward Pastor Dennis’ teachings on biblical finances, which included responsible financial stewardship as well as living a life of sacrifice, simplicity, and significance. We also paid close attention to his teachings on marriage and family. We wanted to make sure we knew God’s plan for how we should live.
During this time, we also heard another couple’s testimony of paying off their mortgage within 3.5 years and we wanted to experience that for ourselves. How radical! It was a seed that was planted and nurtured as we attended Crown classes to learn even more about Christian financial stewardship. As a result of all the financial teachings, we eventually bought our next two cars debt-free. We saved $40,000 towards a 20% down payment on our house, which we had custom-built after living 8 years in a 2 bedroom townhouse we had purchased for $32,000. We lived within our means, tithed faithfully and gave of our time and resources.
Around this time, we started our family with the goal that I would soon leave my corporate job and its annual salary of $60k to become a full-time mom. It was a big step of faith since my husband had started his trucking business the year before my transition to come home. But we knew we were ready and knew this was God’s perfect will for our family. We had saved and prepared, with no debt other than our mortgage. We had practiced good financial stewardship by purchasing a home we could afford, not one the bank said we qualified for well beyond our means. I could stay home and enjoy raising my children without any hesitation. I was amazed and humbled by God’s faithfulness during that first year!
Business was good; home prices rose, and within a few years, we had over $100,000 equity in our home. We decided to use it to start investing in real estate. We started by buying a house for my husband’s mom (a long-time dream of his) and a townhome for his sister, who had lived their entire lives in government housing. We wanted to break that generational cycle of poverty by placing them in a new environment and allowing them to have something they could truly call their own. We gave away a car to a single mom with 3 boys and let her live with us for two years in our new house while she saved for a down payment on a home of her own. We counseled other couples on financial stewardship and spent eight years leading a small group in our home. We both graduated from the two-year discipleship and ministry program at Victory’s Ministry Training Center. Life was good!
Nevertheless, the season came to an abrupt end within a few short years. Fuel prices sharply increased; our trucking business took the hit; and then a traumatic tractor-trailer accident made matters worse. My husband would not get back in a truck for almost a year. Since we had a large cash reserve and were doing great with the real estate investing, we were not overly concerned. However, things were about to become even more difficult than we could have ever imagined! The real estate bubble burst and we were left with properties we could no longer sell and not enough rental income to cover all the mortgages. We managed for a while using our reserves but within a year it was all gone.
Our businesses went bankrupt, as the U.S. economy plunged downward amidst the mortgage crisis and failing banks. We were devastated financially as well as ashamed and humiliated that we had gotten into this position. Yet God is a God of restoration and He would not only see us through this terrible trial but with His grace and compassion He has begun restoring everything that we lost. When things hit rock-bottom, God gave us a life-changing Word. After two years of not wanting to look at real estate again, He led me back to that place. I did not want to go there, so I had to question, “Why, Lord? I really don’t want to just be looking at another house.” Boy was I surprised when He told me, “You’re not just buying another house, YOU ARE BUYING YOUR FREEDOM.” Now that was something I could dance to!
I shared this Word with my husband. After a few weeks of prayer, God gave him the confirmation he needed, “Start looking”, He told him. So, we started looking at the many foreclosures with ridiculously low prices as a result of the mortgage crisis. We found homes that were half their previous value. Houses that formerly sold for $200,000 could be bought for under a $100k. Many homes were going for less than $50k – unbelievable! We agreed together in prayer and my husband wrote out our vision for our mortgage-free home. Within a few short months, we purchased a $210k stucco ranch on a full basement for $55,000 cash with NO MORTGAGE!!!! Our very own home – debt-free!
We had started with only a couple of thousand dollars in savings and God supernaturally released money to us from a variety of sources. For instance, we received an $8000 income tax refund we had been waiting over a year to receive – with interest! After closing on the house, we received a check for $5500 from the government as part of their repeat buyers’ incentive program. We used that money to put in new carpet, paint the house, and make other changes to make it ours – which it truly was! When you have a mortgage the house actually belongs to the bank until it’s paid off, regardless of how you look at it. Plus, you have to pay them roughly three times what you actually paid for the house. No matter how you work the numbers, you never really have any equity until it’s paid off. This one was all ours! Praise God!
Through this entire experience, God showed us how we had previously bought into the world system when it came to mortgage debt instead of using the financial system of His kingdom. There are many instances in the Bible where God supernaturally provides resources for those who are obedient and step out on faith. Prior to this, we believed mortgage debt was “good”, not realizing we were supporting the world’s economy and its way of thinking. All of our previous real estate holdings had mortgages, so the rent money we collected went straight to the bank.
Yet when we first started investing in real estate, God had given my husband a vision that we would own four properties that would produce enough financial resources to support four different missionaries on the mission field. That’s hard to do when you have a mortgage where the bank is the only one being supported! It seems even harder after we had lost it all and were starting all over again. Yet, we believe that NOTHING is impossible for our God and we continued to stand on His Word for our ministry.
Well, it’s been a year since taking our first steps towards financial freedom and God has shown us His favor in many ways. Besides living in our own home mortgage-free, He gave us favor in purchasing two townhomes debt-free for $5000 each from the bank; true income properties. The best news is a major highway is being re-routed through this townhome community and the Georgia DOT will be purchasing these properties in the summer for fair market value, currently $50,000 each! God is good – all the time!
The good news is it’s not just meant for our benefit but for the benefit of His kingdom in order to reach others so that they may experience the freedom of knowing Jesus. Over the past year, we have continued to cheerfully give what we have to the LifeLink International team in Nicaragua, but we cannot wait to write them that first $10,000 check!
God’s vision that He gave my husband a few years ago for debt-free properties to support missionaries is surely coming to pass and many who do not know the love of Jesus will benefit from His faithfulness and our obedience to His Word! We are walking out His promise and searching for our 4th debt-free property at this time.
Through it all our family has learned how to live a life based solely on trusting in God’s faithfulness. We have learned true contentment and sincere gratefulness for all we have. We stand on His word and know that it will happen just as He spoke it. Instead of our family being ripped apart over financial stress, our marriage is stronger and our love is deeper. Our trust in God is greater than ever. He walked with us and never abandoned us, even when we felt the world crumbling all around us. In turn, we never abandoned each other or our marriage vows. Our initial freedom experience happened when we realized in the midst of our trial that we could walk away from it all as long as we had the Lord and each other – nothing else matters.
His Word has given us so much wisdom in the area of family and finance; with financial peace, not burdens or stress. He has shown us that His economy is REAL and will never fail. It is not based on the ever-increasing
bondage of debt called the American Dream – which is really an illusion based on materialism and is a trap that will destroy families and steal God’s joy from our lives. Without wisdom and diligence, it is easy to become ensnared in the spirit of bondage (debt) controlling and enslaving the people of the U.S. today, including Christians. Only God’s kingdom will endure and those who put their faith in Him will experience TRUE FREEDOM.
Throughout history, the Lord has always rescued His people from their places of bondage and He did it for us! We are no longer bound to this world’s system but walk freely as God intends His people to do. Regardless of the circumstances around you, His desire is for you to experience freedom in all areas of your life. Jesus came to set the captives free – I am so thankful! The window of opportunity is open for this season and for God’s people – NOW is the time to buy your freedom!
~~~~~~~~~~~~
Has God shown himself faithful in an amazing way in your life as a result of the ministry and/or teaching at Victory? Please tell us about it – Share Your Story today!