Our Favorite Proverbs: Proverbs 20:16
About this episode
The episode discusses the wisdom of Proverbs 20:16 regarding financial stewardship and the risks of putting up security for others.
by David Chadwick "Take a man's garment when he has put up security for a stranger, and hold it in pledge when he puts up security for foreigners." Proverbs 20:16 There is a vast array of wisdom found in the book of Proverbs. Immense knowledge offered on a multitude of topics. Everything from family to money to interpersonal relationships to personal success. God clearly places a high value on practical wisdom and the importance of living responsibly. Today, we are going to look at another verse from Proverbs 20. Verse 16 is today's proverb: "Take a man's garment when he has put up security for a stranger, and hold it in pledge when he puts up security for foreigners." What is this saying? This verse is speaking to the importance of financial stewardship. Specifically times where you may be asked to put up a deposit or a pledge for another person's debt. You may ask to give "security," or "collateral," for another person's transaction, which means that if that person can't pay the debt, you must. This proverb is giving a very strong warning: "Don't do this!" If you put up security for a foreigner, especially someone you don't really know, you are inviting many potential problems…
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