Matthew 6:21

 

Your heart is aimed at Heaven when you give generously to support the Lord’s work in the earth via His human ambassadors.

 

https://kminfo.org/ministries/financial-freedom

 

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MoneyWalk 361 Diversify Savings & Investments

This program will help you undo financial bondage.

You should separate savings and investments into several different accounts with different money managers. This diversification greatly reduces the risk that catastrophes, world events, theft, or mismanagement by others will destroy all you have available. For safety’s sake, most people should pick large known brokerage houses (Vanguard, TIAA CREF, Fidelity, Charles Schwab, etc.) no-load low-expense broad market U.S. stock index mutual funds as a foundation for your investment portfolio. This will most often represent the largest portion of your money unless real estate holdings or some other reputable alternative investment overtakes it later. You should invest long-term without allowing emotions or greed to lead you into bad decisions.

You need the safety of growth and diversification to build a sizeable investment portfolio from which you can withdraw future income to augment pension and social security income to help meet household and retirement needs. For savings, no matter the purpose (emergency fund or reserve fund for contemplated future purchases), you should as much as possible use high-yield savings accounts guaranteed by NCUA, FDIC, or SIPC. The utmost safety and ability to withdraw the whole amount at any time is what you need when you want to make the planned purchase or if you encounter an emergency like an uncovered medical expense, layoff, extended unemployment, etc.

Don’t let any bank or credit union hold more than $250,000 of your money, except married couples could expand that to $500,000, because this is the maximum amount FDIC and NCUA guarantee, no matter the number of different accounts your money is separated into within one institution. The SIPC insures equity and bond type investment accounts for up to $500,000 against loss caused by mismanagement, malfeasance, theft, and some other situations but it does not guarantee you will not lose principle based on market swings at any given time. Therefore, it’s wise to only put in each investment account the maximum amount that a reputable securities investment guarantor agency like SIPC would pay for malfeasance, etc. However, there will come a time when you have accumulated so much investment money that it would be hard to separate into small portions for guarantee purposes. In such instances diversification (into at least 7 or 8 investments) would save you from losing everything when the market goes down or an investment manager engages in nefarious, money-losing activities.

Putting all money the Lord entrusts to you into one account leaves you vulnerable to losing all your money if that financial institution / business becomes bankrupt. Financial troubles at that one company, whether temporary or permanent, could lose all the money or render you unable to draw a portion of it from the account when you really need it during an emergency. Certainly, you should study to become financially literate to understand how you can best invest your money based on a reasonable risk / reward tolerance. Augment your study by spreading savings and investments into different instruments to avoid the problem of losing everything in one fell swoop. It’s very unlikely every company holding the money could be in financial trouble at the same time. Therefore, it’s best to diversify so you’re not in a position to lose everything or large chunks of money because you had all your eggs in one or two baskets. This principle of diversification may not help you get the absolute highest return on your money, but it will keep you from losing everything when the world is experiencing a sour economy or you encounter a bad investment manager. By investing the largest portion of your investment money in stock index mutual funds you’ll reap far higher returns over the long haul of your future than you would if you put all of it in bond or fixed income investments.

Genesis 13:2-6, Job 42:12, Ecclesiastes 11:2, Luke 19:1-8, Acts 4:34-37

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 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.

 

1Thessalonians 5:11

 

Regularly fellowship with believers who express and exhibit faith in Jesus Christ, to encourage and uplift one another.

 

https://kminfo.org/ministries/financial-freedom

 

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James 1:17

 

Every good & beneficial gift comes from God, the Father of Lights whose nature is forever pure, honorable, & unchanging.

 

https://kminfo.org/ministries/financial-freedom

 

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Click Files on the link below to see helpful info for entrepreneurs. Please contact us if you need a product or service, as one of our members may be able to meet your need. @everyone

 

https://www.facebook.com/groups/664612484310362

 

www.youtube.com/channel/UCOBNEF2lBVHGfZ0-RKSZORQ

 

Consider donating on a monthly basis using the link below to help carry out The King's Group ministry endeavors.

 

https://mhc.churchcenter.com/giving/to/kings-fund

 

Proverbs 13:11

 

Get-rich-quick schemes ruin your finances, whereas using proven wealth building strategies increases & prospers you over time.

 

https://kminfo.org/ministries/financial-freedom

 

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Luke 6:38

 

The measure you use will be measured back to you, so give generously to things that glorify the Lord and you’ll be rewarded generously.

 

https://kminfo.org/ministries/financial-freedom

 

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MoneyWalk 360 Strength Gained Through Counsel

 Proverbs 11:14, Ecclesiastes 11:2, Luke 14:31, Acts 15:6

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!

http://www.kminfo.org/ministries/financial-freedom

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!

http://www.amazon.com/Power-Get-Wealth-Randy-Parlor/dp/1664206434

You can find other books authored by Randy and Karen Parlor at Amazon.com @everyone

You can also connect with Randy Parlor on Facebook, Twitter, Linkedin, Instagram, Google Blogger, WordPress, Pinterest, TikTok, Tumbler, and YouTube.

 

Matthew 25:14-30

 

The Lord says, “Well done good & faithful servant, enter into My joy!” when for His glory you multiply the usefulness of the life, abilities, income & assets entrusted to you.

 

https://kminfo.org/ministries/financial-freedom

 

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1Corinthians 4:1-2

 

As Christ’s servant & steward of God’s mysteries it’s required that you be found faithful to Him, His will, and His way of doing things.

 

https://kminfo.org/ministries/financial-freedom

 

Please share this post with others: Copy & Paste if necessary.

 

Click Files on the link below to see helpful info for entrepreneurs. Please contact us if you need a product or service, as one of our members may be able to meet your need. @everyone

 

https://www.facebook.com/groups/664612484310362

 

www.youtube.com/channel/UCOBNEF2lBVHGfZ0-RKSZORQ

 

Consider donating on a monthly basis using the link below to help carry out The King's Group ministry endeavors.

 

https://mhc.churchcenter.com/giving/to/kings-fund

 

 

1Corinthians 6:20

 

The Lord purchased you at great cost, so use your whole body to give glory back to Him who owns you.

 

https://kminfo.org/ministries/financial-freedom

 

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