Tuesday, July 9, 2024

MoneyWalk 256 Cosigning Wastes Money

This program will help you undo financial bondage. 

If you have cosigned a note for someone, the bible says quickly plead to have the lender remove your name off the debt, otherwise your belongings are subject to be taken when the debt isn’t paid. Many cosigners have to pay debts because the people for whom they cosigned failed to pay them. Don't fall out with others because you failed to make the right decision by refusing to cosign for their debts. After all, your failure might be one of the reasons they haven’t become responsible in paying their creditors.

You must discern satan's strategy to tempt you to waste money on the material desires of those who mismanage money and desires entrusted to them. When a true need exists, instead of cosigning for a loan, it’s best to give the person cash or material resources on hand (food, clothing, etc.) that are not required to meet your tithing, offering, and bill payment responsibilities.

In most instances, you must know a person reasonably well to know whether or not he/she is truly in need. Yet, when the Holy Spirit directs you to help, you must do it in compliance with His will, regardless of your observation of the person, without cosigning for him/her and within the limits of resources you have on hand. Without delay refuse every request to cosign, yet encourage each requester to use biblical money management principles to help him/her become good stewards over their resources so they can get out of financial bondage and move on to build wealth.

Proverbs 11:15, 17:18, 20:16, Romans 13:8, Ephesians 5:15-17

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 https://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! @everyone

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.amazon.com/Power-Get-Wealth-Randy-Parlor-ebook/dp/B08QCH5MVH/ref=sr_1_2?keywords=Randy+Parlor&qid=1638336718&s=books&sr=1-2

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, Pinterest, TikTok, Tumbler, and You Tube.

 

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