This program will help you undo financial bondage.
Some advisors tell people it’s not good to pay off particular
loans because you can make more money by investing. However, this is tricky at
best because even with investment advice most people are not good enough
investors to be able to get annual investment return greater than costs they
pay on loans to their creditors. It is certainly good to consult reputable
financial guides to help educate you to be a responsible manager of money
entrusted to you and to help you maintain emotional composure and reasonable
investment allocation / diversification whether the economic environment looks
good, bad, or indifferent over short and long periods of time. Just don’t pick a
particular one because you think he or she can guarantee the greatest
investment gains. For good reason the SEC advises investment firms to put the
following type of statement on their investment literature, “Past investment
returns are no guarantee of future investment results.”
Another
thing people are often told is they should always keep mortgages because of the
tax deduction interest payments afford them each year. However, they usually present
a flawed analysis of this situation. You will get no deduction for mortgage interest
paid if the total amount of expenses you can itemize is not greater than the
standard deduction on your federal tax return. Thus, less than 15% of homeowners
get a tax reduction, including for mortgage interest paid. Even when you can
itemize interest payments, you should consider whether it is smart to pay an
amount of money only to 15 to 25% of it back via taxation laws.
Investment real estate can certainly be a worthwhile
and lucrative endeavor for some people; however, history seems to show most
people are simply not good handling this type of investment when leveraging
loans to get properties. As a result, they lose money and find over the years
they are not in a better financial position than if they had simply paid off
their debts and used cash to invest. Let’s be honest, most people will never maintain
ample investments when they’re bogged down with debt. They usually don’t have
enough surplus cash flow due to spending on too much unnecessary stuff, much of
which they can’t remember a few years down the road.
By eliminating debts, you will lift a great burden off
your shoulders and feel extreme freedom. You’ll also eliminate the possibility of
foreclosure and repossession of items you made monthly payments on for so long.
You can then begin saving enormous amounts of cash flow and not have to worry
about whether you can actually earn more than the interest paid on loans. You’ll
be free to take greater investment risk, if you choose to do so, without
running into the possibility you may one day owe financial institutions money you
cannot pay them. Financial freedom relieves stress and pressure and puts you in
a position where God can entrust you with far more money and resources because
you have proven to be a good steward whose eyes and actions are on Him and His
way rather than the way of the world.
Deuteronomy 28:12, Proverbs 22:7, Romans 13:8, 1Peter 5:8
Please pray for this ministry and email
questions to parlor@ameritech.net
and share the links below with others who need guidance. May the LORD bless you
richly as you follow His plan!
Share http://kminfo.org/ministries/financial-freedom weekly with family and
friends so these bondage-breaking articles and other financial information can
help them gain helpful insight!
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!
You can find books
authored by Randy and Karen Parlor at www.Amazon.com.
You
can also connect with Randy Parlor on Facebook, Twitter, Linkedin, Instagram,
Google Blogger, WordPress, Jesus Social Network, Social Cross, Pinterest,
Tumbler, and You Tube.
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