Your wallet will be a bag with holes in it and your life will be filled with embarrassment when you don't have a financial plan that you regularly consult before you make spending decisions. When you first complete these tools it may appear that your release from financial bondage will take many years to accomplish. However, diligently adhering to the pathway laid out by this plan, which includes a budget and future goals, will release you from bondage much sooner than you ever thought possible.
Regularly consulting your plan helps control unnecessary spending by giving you foresight several months in advance so you will know how much net income you'll have available for bills, purchases, and entertainment activities during future pay periods. This helps you meet giving, saving, and investing goals by showing when you need to pare down activities or some of their cost when they aren’t necessary and won’t allow you to meet your goals that provide greater comfort or financial flexibility in the future.
A financial plan gets shortly after you write and follow it because debts get eliminated and thus creditor entries deleted and disposable income grows as you eliminate wasteful, irresponsible, and reckless spending and unnecessary debt. Educate yourself financially, so you can draw up an appropriate plan for your life. This may include visiting a financial planner to get you started and help you through the process. Our preference is choosing low cost providers that give good advice and refer us to investments that at least equal market returns on a consistent basis because the more one pays in sales charges (commissions), advisory fees, and fund expenses the more the investment managers have to outdo the market just to help the person equal market returns.
Consistently beating the market in such situations is not easy and is rarely done. So make sure you get reliable references and research investment company, advisor backgrounds, and investment return history before you trust that someone’s advice is reliable and that they can consistently deliver reasonable investment growth for your portfolio. There are many online resources, such as crown.org, soundmindinvesting.com, ronblue.com, etc. that will help educate you on budgeting, saving, investments, growth history, estate planning, and selecting advisors. So avail yourself of at least their free advice, so you can learn how to start developing a financial plan and identify the areas for which you need more extensive help meeting your vision and goals.
Please pray for this ministry and email any questions. May God bless you richly as you follow His plan!!!
Psalms 37:21, Proverbs 6:6-8, 16:9, Habakkuk 2:2-4, Luke 14:28-29, 2Corinthians 9:5
Please forward these bondage breaking articles to other people who can use helpful insight!!!
You can find books authored by Randy Parlor and Karen Parlor at www.Amazon.com
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