In this technology age, you do not usually need to physically store / maintain records produced by financial institutions (including banks / credit unions, brokerages, mutual fund companies, and investment companies) that hold assets and that are not creditors issuing monthly bills. They allow easy online access to your account information to be able to see the amount of your investments over the past few years including deposits and withdrawals.
Make sure you have safe user ID’s and passwords to protect you from identity fraud and theft. Passwords with two-tier authentication and that contain some capital letters, symbols, lower case letters, numbers usually provide a level of safety, but this can change over time so be careful to keep up on the latest and peri-od change account passwords for greater protection. Also, access your accounts at least once each month to ensure data does not appear to be breached and in order to review accounts for data entry errors, etc., to know if you need to inform your financial institutions to correct any errors, and to balance your checkbooks.
In a safe accessible location, keep a record of all your financial institutions websites and account access information. This allows quick and easy access to your financial accounts anytime you want to review information or make changes.
WARNING! WARNING! Tossing your mail / bills in the corner and refusing to open them each month, like some people have done in the past, will not take you to the financial promise land. You will dwell in a dry, poverty-stricken desert or fail to reach your full financial potential & ministry calling. You will not dwell in The Wealthy Place the LORD desires for you to be blessed and a blessing to many others.
If you are to really know the state of your flocks and herds per Proverbs 27:23 so you can count the cost per Luke 14:28 to as-certain whether or not your monthly budget can cover the pur-chase of desired merchandise and services, then you must weekly consult and regularly update data in your financial records filing system. After the day or so it takes to set up an appropriate recordkeeping system, it will only take a couple of hours per week to review, maintain, and use it to make appropriate bill payments and measure financial wherewithal.
Organizing your records allows you to put the Eleven Principles into action. Monthly balancing your checkbook against your checking account and regularly reviewing all financial institution accounts is necessary to ensure errors are corrected and data is accurate. This helps you truly know the discretionary income and assets at your disposal to maximize the Seven Step Plan by shortening the time it takes for getting you out of financial bondage and into the wealthy place.
Please pray for this ministry, email me with any questions, and contact me to speak at your business or ministry conference or workshop. May the LORD bless you richly as you follow His plan!
Proverbs 27:23-24, Isaiah 55:10-11, Luke 14:28-30, 2Corinthians 8:12, 20-21, 9:10
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