This program will help you undo financial bondage.
Many
hardships come with a lifestyle of debt. God gave us the means to avoid them
and to continually move forward into a place of abundance. It starts with
knowing the state of your flocks and herds (your skills, abilities, gifting,
assets, income, expenses, and liabilities). You must employ them in a way
that glorifies the Lord, strengthens you and other people, and builds wealth
for His kingdom and for family purposes.
To
move into good financial health, you must establish a plan to eliminate the
latter two (expenses and liabilities) within the next few years. Write
your average monthly income, whom you owe (each creditor), how much you
owe them (each separate loan amount), the annual interest rate you’re
paying each creditor, and when each payment is due each month. Start the list
showing the creditor to whom you owe the smallest balance all the way down to
the creditor you owe the largest balance. This information will help you draft
a projection of monthly income minus expenses (a giving-saving-spending plan
/ budget) that shows whether you are operating at a deficit or surplus each
month and throughout the year.
Your
giving-saving-spending plan lets you know (1) whether you have extra
money available to quickly pay off your debts, (2) whether you need to
seek additional or higher paying work in order to quickly pay off your debts, (3)
how much you need to cut expenses in order to help you put extra money toward
quickly paying off your debts, and (4) how you need to control the urge
to spend money you don’t have available.
It
also clearly shows when you need to increase income to get out of a deficit and
indebted position and to have more money to be able to give abundantly to
Kingdom work and build wealth over time to cover future lifestyle expenses (including
those in their senior retirement / refirement period). This type of giving-saving-spending
planning estimated in six-month to one year or greater increments helps you
meet goals by telling your income where to go instead of wondering where it
went.
The
income and expense figures for the budget will come from your average monthly
pay over the past six months or so and from bills you owe. It’s impossible to
use the income God blessed you with in the best possible manner without keeping
an updated monthly budget on paper or computer. No one can keep an accurate and
consistent budget in his or her head. Consistently applying a reasonable budget
to control your spending makes you a much better steward of the money God
entrusts to you and helps you fulfill His plan for your life and be a great
example of good stewardship to other people.
1Kings
17:8-10, Proverbs 16:9, Habakkuk 2:1-4, Luke 14:26-30, 2Corinthians 9:5-8
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 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!
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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