Why

Learn how knowing “WHY” adds purpose and satisfaction to the daily tasks in life.

Richard Stockton, Carter Braxton, John Hart and others put their family fortunes on the line when they and 53 others, signed the Declaration of Independence. Richard and Carter died paupers. John’s estate was one of the first destroyed when the British attacked. Each of the signers of the Declaration of Independence had a clear understanding of the “why” behind their actions.

William Wilberforce toiled for 15 years in the parliament of England for the abolishment of slavery. “Why?” Because it is wrong to forcefully take individuals from their homeland, transport them 2500 miles to another part of the world and sell them into bondage. He was called by God to take a stand against slavery. He understood the “why” behind his actions. It gave him a level of persistence few individuals have the patience for.

Business leaders who understand the Biblical instruction “a borrower is servant to the lender” will go to great lengths to be debt free, or at least to minimize debt within the business God has entrusted to them.

Warren Buffett states that he “does not like debt and does not like to invest in companies that have too much debt, particularly long-term debt. With long-term debt, increases in interest rates can drastically affect company profits and make future cash flows less predictable.”

An article by Matt Krantz with USA TODAY, entitled “Companies with no debt fly high” states that Microsoft, Walgreen, Cisco Systems and William Wrigley do not have and have never had any debt. Matt includes a quote by Peter Andrew, analyst at A.G. Edwards “What kills companies is debt. Without debt, companies have the financial wherewithal to survive.”

Understanding the reasons behind being a debt free business allows these and other businesses to thrive, especially during downturns in the economy.

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