Rob West

What is Permissible Debt?

January 1, 2016
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To ring in the new year, Howard and Steve discuss a topic that often causes both of them to cringe -- the topic of "permissible debt."  Even though scripture discourages debt at every turn, Howard says there are a few occasions when debt might be permissible and still follow biblical guidelines.  Howard lists three criteria that should be in place if one is to borrow:

  1. The item for which you are borrowing should be an asset that can appreciate or produce an income.
  2. The value of the asset should be greater than the amount borrowed.
  3. The payments on the loan shouldn't put a strain on your budget.

Howard and Steve then answer listener questions about the following:

  • A listener in credit card debt is wondering if she should use her income tax refund to pay down the balance even though it won't pay it all off.
  • Caller is out of work due to a medical condition.  She's looking for another job, but in the meantime has used all of her emergency savings and doesn't know what to do next.
  • Caller is nearing retirement and is wondering if it would be a good idea to take money out of his retirement fund and use it to flip houses.

Be sure to check out our website,, for a number of helpful resources. And thanks for your prayers and generous financial support which allow us to keep MoneyWise on-the-air!

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About MoneyWise

MoneyWise is a daily radio ministry of MoneyWise Media. Hosted by Rob West, the program offers a practical, biblical and good-natured approach to managing your time, talents and resources.

About Rob West

Rob West is the host of the nationally syndicated radio programs MoneyWise and The MoneyWise Minute heard on more than 900 radio outlets each day. Rob also serves as the President of Kingdom Advisors, an international community of financial professionals who are specialists in delivering biblically wise financial advice. Rob serves as primary spokesperson for the organization and gives leadership to organizational strategy.

A radio veteran, Rob previously co-hosted a live, call-in, financial radio program with his father from 1998 through 2008 at WAFG, Fort Lauderdale, FL. Rob has dedicated his professional career to working at the intersection of faith and finance having led a successful faith-based financial services firm, serving as the host of several radio programs on a biblical approach to finance, and speaking frequently on the topic. Rob and his wife, Julie, live in Marietta, GA with their four children.


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