Sunday, February 7, 2021

MoneyWalk 87 Save & Invest

This program will help you undo financial bondage.

There are faithful people of God like Abraham, Ruth, David, Esther, Joseph of Arimathea, Lydia, and those spoken of in 1Timothy 6:17-19 who built wealth from legitimate work, saving, investment, and inheritances. Such wealth was part of His plan for their lives and was used to carry out His will and care for their families and others.

All the patriarchs and matriarchs of our faith suffered temptations, trials, and tribulations during their lives and sinned on occasion. Yet, our faithful Father led them to repentance and continued to progressively build them into trustworthy people. He does the same for all who believe in Jesus Christ. The bible shows wealth they built was a blessing and reward experienced as a result of overall faithfulness to Him and was not sinful or in conflict with His will.

Your devotion to God through Jesus Christ should be your highest priority. Seek His face and not His hand. He then provides all you need and more to fulfill His plan for your life and it happens without taking on greedy, covetous, and selfish traits. He opens the windows of Heaven and pours out huge rewards. Manage it (give, save & invest, and spend) in accordance with biblical good stewardship principles.

Scripture shows you should save and invest a reasonable portion of the money the LORD entrusts to you. It doesn't identify a specific percentage, yet wisdom leads me to set aside at least ten percent and more as I am able. Start this process by budgeting to reduce spending on needless material purchases, so you can build a first-tier emergency fund of at least $1,000 and then pay off non-mortgage debt. After reaching these goals, build your emergency fund to at least $10,000 and up to at least six months of expenses. Afterward, put at least 10% of gross income into investment vehicles like no-load low-expense stock index mutual funds that provide diversity and won't put money in unreasonable risk. 

Always remember, savings and investments are not your source. They’re simply a resource that the LORD the source allows you to set aside to provide help in time of need: for yourself, the Kingdom, and others.  Never be worried about the amount of your wealth. Simply be faithful to Him, work hard, and seek to be a good steward. You will walk into The Wealthy Place designed for you to show His glory and bless your life.

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!

Genesis 13:2, Proverbs 21:20, Ecclesiastes 11:2-6, 1Timothy 6:17-19

Please forward these bondage-breaking articles to other people who can use helpful insight!

You can find books authored by Randy Parlor and Karen Parlor at

https://www.amazon.com/s?k=Randy+Parlor&i=stripbooks&dc&qid=1573343045&ref=sr_nr_i_1

https://www.amazon.com/s?k=Karen+Parlor&i=stripbooks&ref=nb_sb_noss

You can connect with Randy Parlor on

https://biblicalmoneymanagement.blogspot.com/

Facebook

https://www.facebook.com/randy.parlor

Twitter

https://twitter.com/RandyParlor

Linkedin

https://www.linkedin.com/in/randyparlor/

You can also view and/or listen to MoneyWalk articles at

https://www.youtube.com/channel/UCXnztOIesOKIrSd_H6c-8mQ

https://www.instagram.com/randyparlor/channel/

The book at the link below provides principles and practical steps that help you use the Power To Get Wealth. I was broke, busted, and disgusted in 1992 with $135,000 of debt and a negative $35,000 net worth. I’ve written and lectured on managing finances since 1993 when I began to learn appropriate ways to better our family financial situation. I have been debt-free since 1998 and became a multi-millionaire within 25 years while giving abundantly to fund the gospel of our LORD Jesus Christ. The same power is available to help you!

https://www.amazon.com/Power-Get-Wealth-Randy-Parlor/dp/1664206434/ref=sr_1_5?dchild=1&keywords=Randy+Parlor&qid=1606525890&s=books&sr=1-5 

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