Sunday, August 1, 2021

MoneyWalk 112 Build Wealth God’s Way

This program will help you undo financial bondage .

Learn how to present your Christian testimony in everyday conversation with unbelievers so you can tell them about the wonderful life changing experience you've had since accepting Jesus Christ as Savior and LORD. While studying the bible continually, you'll notice men and women after His heart sought a rich relationship by walking with Him, asking for His guidance, and obeying His instruction. One result of this life-long commitment is He greatly prospered them to fulfill the mission He placed on their lives.

Thanksgiving, praise, prayer, righteous declarations, clean communication, bible study, fellowship with the Church, vision, planning, and service to others are necessary practices to build wealth in a God-pleasing manner. Let Him direct your life and give you vision and goals to pursue by faith. Plan how you’ll move forward, work diligently, and manage income and assets from employment and entrepreneurial endeavors.

· Use a budget so you don't overspend for your level of income and to ensure you faithfully honor Him by tithing and giving free-will offerings to the Church to help spread the gospel throughout the Earth via evangelism and disciple-making.

· Refuse to borrow money to obtain material things you need and want. Be willing to sacrifice and show self-control and contentment by not worrying about or trying to purchase items you cannot pay for even though you desire them. This pattern displays trust by allowing Him to provide for you and your family when you cannot. It helps you eliminate debt bondage and the negative consequences that follow it.

· Save an adequate emergency fund (usually a beginner’s minimum of $1,000 and otherwise up to at least $10,000 or more when needed) in a bank or credit union account that protects the principle and pays as much annual interest as possible at the current time while allowing you total freedom to withdraw the money without penalty when an emergency occurs.

· Afterward, use the snowball method to eliminate all non-mortgage debt.

· Then, invest at least 10 percent of your take home pay in reliable equity investment vehicles that are easy to understand, contain broad diversification, and historically have netted higher reliable long-term annual returns (no-load low-expense stock index mutual funds, etc.).

· At the same time, use a substantial portion of your remaining cash flow toward early payoff of mortgage debt (usually your primary residence first and then other properties). In some instances, you may want to sell non-primary properties to accelerate consumer debt elimination and eliminate financial bondage.

· When the mortgage is paid off, you will have immensely more cash flow from which you can give, save, invest, and spend more.

Believers experience death, persecution, ridicule, and much opposition in this life, however these light afflictions cannot be compared with the wealth of the glory of God that will be revealed once we leave this earthly body to live with Him forever. We need to plan and do all we can to accomplish the Great Commission given to us, so let’s build wealth using methods that conform to biblical principles and use a great portion of it to serve His will.

This includes drafting a will, power of attorney for financial affairs, and power of attorney for healthcare decisions, in case you experience death or incapacitation. Loved ones need to know how to manage your affairs if necessary for them to take care of you and how to disburse accumulated assets to loved ones and church ministry after you go home to be with the LORD. The steps above give Him glory and are a positive example to other people that help them see the richness of His eternal wisdom and provision.

Luke 6:38, 12:15-21, 14:28-30, Romans 13:8, Ephesians 4:28, 2Thessalonians 3:6-12, Hebrews 7:8

Please pray for this ministry, forward these articles to other people who need helpful insight, and contact me to speak at your business or ministry conference or workshop. May the LORD bless you richly as you follow His plan!

The book at the link below provides principles and practical steps that help you use the Power To Get Wealth. By 1992, we had $135,000 of debt and a negative $35,000 net worth. Financial bondage and turmoil led me to seek principles and a process for employing good stewardship. As a result, we became constructively debt-free in 1998, mortgage free January 2004, millionaires in 2012, multi-millionaires shortly thereafter, and retired in 2018 in my mid-fifties from public servant jobs while giving abundantly to fund the gospel of our LORD Jesus Christ. The same power is available to you

https://www.westbowpress.com/en/bookstore/bookdetails/817195-power-to-get-wealth

You can find other 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 also connect with Randy Parlor on

Google BlogSpot

https://biblicalmoneymanagement.blogspot.com/

Facebook

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

Twitter

https://twitter.com/RandyParlor

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