This post is all about 5 sacred principles to renew your mindset about your credit score and credit report before starting Velocity Banking. Each one is a powerful principle designed to transform your financial life and lead you to prosperity and peace of mind. They are designed to renew your mindset about your credit score and credit report. Spiritually, it helps you put God first, live with integrity, and trust in His provision. Practically, it guides you in setting financial priorities, creating a values-based budget, and overcoming financial anxiety.
For a long time, I faced the overwhelming reality of being a single mother with over $350,000 in debt, including a mortgage and student loans. The weight of that debt often left me feeling angry, stressed, and unsure of how I would ever get ahead. Living paycheck to paycheck seemed like an endless cycle. But in the midst of those challenges, I found a renewed sense of hope through my spiritual journey. Sacred scriptures helped shift my mindset about money, allowing me to see my finances from a new, empowered perspective.
This post is about five (5) sacred verses for financial renewal that will encourage you on your personal financial journey to debt-free financial independence/freedom. There is no particular order to follow when applying these principles, but if you meditate on them daily, they will come alive for you. They intend to renew your mindset about credit score and credit report, offering spiritual and practical guidance for managing your money. Click here to download a copy for your personal use.
Renew your relationship with money and rewrite your financial story with the wisdom of these 5 sacred scriptures. Becoming debt-free and financially wealthy holistically begins with the right mindset.
1. Ecclesiastes 7:11 – Wisdom is even better when you have money. Both are beneficial in life
This scripture acknowledges that both wisdom and money are beneficial in life, but it emphasizes that wisdom is even more valuable. Spiritually, this teaches you to prioritize wisdom over wealth. Money, while useful, should not be your ultimate goal. Instead, it should be seen as a tool to support your life and God’s purposes. Wisdom helps you keep money in its proper place, ensuring that it serves you rather than controlling you.
Planning and Budgeting: Financial wisdom allows you to create and stick to a budget, ensuring that you can pay your bills on time, which positively impacts your credit score. It also helps you avoid unnecessary debt, which can hurt your credit report.
2. Proverbs 22:7 – Just as the rich rule the poor, so the borrower is servant to the lender
When we are in debt, you lack the spiritual freedom to fulfill God’s purpose in your life. This verse reminds you of the burden that debt can bring. When you are in debt, you are not truly free. You become tied to those you owe, like Master and Visa credit cards, and this can distract you from fully serving God. The Bible encourages wise stewardship of your resources, and this scripture calls you to avoid being enslaved by debt.
Practically, this verse tells us to avoid debt wherever possible and pay off existing debts as quickly as you can. By reducing your debt, you improve your credit score, as your debt-to-income ratio plays a significant role in your credit profile. Paying down debt also frees you from the pressure of monthly payments and high interest rates, allowing you to take greater control of your financial future.
3. 2 Corinthians 9:7 – You must each decide in your heart how much to give. And don’t give reluctantly or in response to pressure. For God loves a person who gives cheerfully
This sacred principle encourages giving that comes from a place of joyfulness and sincerity rather than being forced or pressured to give. Spiritually, it speaks to the importance of having a generous heart, which aligns with the mindset of stewardship. Applying this principle can help you develop a healthy relationship with your finances, seeing them as resources to be managed wisely and shared when appropriate.
Just as giving is meant to be joyful and purposeful, managing your credit should be approached with consistency and a positive attitude. Paying bills on time, keeping credit balances low, and making sure your credit report is accurate all contribute to maintaining a good credit score. You can see this as part of your financial stewardship, handled with care rather than reluctance.
4. 1 Timothy 6:10 – For the love of money is the root of all kinds of evil. And some people, craving money, have wandered from the true faith and pierced themselves with many sorrows
We are warned against making money as an idol. The love of money, or greed, can lead to spiritual decay. It reminds you that craving money above all else can pull you away from your faith, leading to a life focused on materialism rather than on God. By keeping your spiritual priorities in order—putting God first and not worshiping money—you can protect your heart from the temptations that come with wealth.
We are encouraged to seek long-term financial health over short-term gratification. The love of money often leads to chasing quick financial wins, which can result in long-term damage. By maintaining a balanced perspective, you can focus on sustainable financial practices, like saving, investing, and planning for the future, rather than being driven by immediate financial desires.
5. Philippians 4:19 – And this same God who takes care of me will supply all your needs from his glorious riches, which have been given to us in Christ Jesus
You can trust in God’s provision. It reassures you that God will meet your needs according to His riches. When it comes to your finances, this means believing that God is your ultimate provider and that He will take care of you. Instead of worrying about money, you can place your trust in God, knowing that He will provide for you in His timing and in His way.
While God will make provision for you, you still need to manage your debt with faith and a plan. Paying off debt may seem overwhelming, trusting that God will supply your needs gives you the strength to tackle it. You can create a realistic debt repayment plan, knowing that God will provide the resources and opportunities to help you achieve financial freedom.
This post is about 5 sacred principles to renew your mindset about your credit score and credit report before starting Velocity Banking. You should consider taking the credit score quiz to understand credit scores better. Whether you are interested in practicing at Velocity Bank, you should constantly monitor your credit report and score. Click here to get a copy of sites that allow you to do this for free.
If you decide to try the velocity banking strategy to reduce debt, these principles are designed to help you seek wisdom and guidance, so you can minimize your mistakes as much as possible.
Download and reflect on these inspirational scriptures to reset your mindset around personal finance. They will help you develop a healthy, balanced relationship with money, live within your means, and prioritize purpose over wealth.
If you know someone who could benefit from these practical spiritual principles to boost their financial mindset, please share this post and follow Pearlavise on Pinterest.
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