MoneyWalk 361: Diversify Your Savings And Investments

This program will help you undo financial bondage.

You should separate your savings and investments into roughly 12.5% portions in 8 different accounts order to diversify and spread your risk so that no one event, theft, or mismanagement of it will ruin the whole of what you had available. For safety sake, you should pick large known brokerage house (Vanguard, TIAA CREF, Fidelity, Charles Schwab, etc.) no load, low expense stock index mutual funds for the investment portion, which should be the largest portion of your money because this is long-term money for which you need growth in order to draw future income to retire or augment other retirement income sources. For savings (no matter the stage, $1,000, $10,000, or three to six-month emergency fund, etc.), you should mostly use financial institution accounts guaranteed by FDIC or NCUA because safety and the ability to withdraw the whole amount at any time is what you need in case you encounter an emergency for which you need this money (uncovered medical expense, layoff, extended unemployment, etc.).

Be aware that no bank should have any more than $250,000 of your emergency fund money or other savings, no matter the number of different accounts it is separated into. The same goes for money held in cash equivalent brokerage accounts such as money market funds. 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. Putting money the LORD entrusts to you in one account leaves you vulnerable to losing all your money if that company becomes bankrupt. Financial troubles at that one company, whether temporary or permanent, could render you unable to draw a portion of your money 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 in a risk vs. reward scenario that most closely fits your risk tolerance. Augment this practice by spreading your savings and investments into different instruments to avoid the problem of losing everything in one fell swoop. It is very unlikely that every company holding your money will be in financial trouble at the same time. We hope that none of them are ever in that situation yet it is best to plan and prepare so that you are not in that position because you only have one or two accounts. This principle of diversification may not help you get the highest return on your money but it will keep you from losing everything when the world is experiencing a sour economy and by investing the largest portion of your investment money in no load, low expense stock index mutual funds you will reap the highest returns the market can bear as you move through your future.

Please pray for this ministry and email any questions. May the LORD bless you richly as you follow His plan!

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

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

You can find many other MoneyWalk articles on Facebook by looking at the NOTES created by Randy Parlor at https://www.facebook.com/#!/profile.php?id=100000444069041&sk=notes.

You can connect with Randy Parlor on Twitter and Linkedin

You can also view and/or listen to MoneyWalk articles at https://www.youtube.com/channel/UCXnztOIesOKIrSd_H6c-8mQ

MoneyWalk 360: Strength Gained Through Counsel

This program will help you undo financial bondage.

  The bible exhorts believers to seek wise counsel that will help them live according to God’s purpose and enable them to make good decisions in the most difficult situations. Some counsel comes from the Spirit inspired writers of the bible books. Some counsel comes from people who have advanced out of the situations you are currently in. Sometimes good advice comes from people who do not yet follow Christ. God uses these types of counsel in your life in order to mold you into the person He made you to be. Just make sure you continue to study the Word in order to understand that people’s guidance fits the LORD’s design whether they know it or not.

  Failing to utilize godly and wise counselors will cause you to have heartaches and headaches you could have avoided. These counselors have made mistakes that hampered their fruitfulness for a time and could have derailed their success, but you don’t have to make the same mistakes and you won’t if you will seek out and listen to these counselors on a regular basis. For example, your finances would not be in a continual downward spiral for which you cannot see a way out if you obtained counsel from a godly advisor or person who has learned that individuals and couple’s lives are destroyed by massive debt, failure to maintain gainful employment, constant spontaneous spending, and/or failure to craft and follow a giving, saving, and spending plan

  People’s failure to seek godly counsel and follow wise advice turns into great sorrow and they continue to pierce themselves with the sharpness of that sword until they learn they need such counsel in person or via other means (books, social media, magazines, recorded messages, etc.). There are so many outlets for obtaining the counsel you need and the best book of all, the bible, shares commands, principles, and stories to let you know how to rightly divide what you hear against the word of truth so you know what you should incorporate into your belief system and what should be discarded as useless. You will walk out this life learning what He wants many times through those who love Him. You will also learn from them how to discard what is really unimportant to Him or simply not necessary to be fruitful in this life. Know this, those who seek and follow godly counsel find abundance and continue to live in it even when bad economic cycles are upon the land.

  Please pray for this ministry and email any questions. May the LORD bless you richly as you follow His plan!

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

  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

  You can find many other MoneyWalk articles on Facebook by looking at the NOTES created by Randy Parlor at https://www.facebook.com/#!/profile.php?id=100000444069041&sk=notes.

  You can connect with Randy Parlor on Twitter and Linkedin

  You can also view and/or listen to MoneyWalk articles at https://www.youtube.com/channel/UCXnztOIesOKIrSd_H6c-8mQ

MoneyWalk 359: You Will Be Exalted When…

This program will help you undo financial bondage.

If you truly want to be exalted you must humble yourself under the mighty hand of the LORD, not think of yourself more highly than you ought, do all you can to utilize gifts and talents He provided you, serve other people in legitimate and godly ways, and refuse to be envious of platforms He allows other people to be placed upon. Balance your life according to biblical instruction and He will exalt you at the proper time and bring many blessings into your life.

It may take time for this to occur and may not come when you want it, but don’t give up because it always comes on time. God knows exactly what you need and when you need it. He allows tests in your life to help you develop a testimony that will lead other people to Him and enhance their lives as well as your own. Any bad thing that happens to you is only short-term. He uses these situations as a set up for your future 30, 60, or 100-fold blessing. So after doing all you can to bring each situation to a positive conclusion, just trust Him and stand on faith knowing that He is working everything together for your good because you love Him and are called according to His purpose.

It pleases the LORD for you to do the following types of things in order to be a good steward: (a) maintain gainful employment, (b) keep your expenses below your income via proper planning / budgeting, (c) tithe and give abundantly to Kingdom ministry, (d) focus on debt elimination so you have maximum financial freedom from the pull of this world and so you have an abundance from which to serve Him when others are struggling during economic downturns, (e) build wealth via putting at least 10% of your gross monthly income in savings and equity investments, and (f) diversify your assets so no single investment represents more than 10% of your total assets.

As you show humility in nurturing intimate fellowship with the LORD via praise worship, prayer, reading scripture, and obedience to biblical instruction, in priority over every other activity, you will ultimately experience His blessing of exaltation like never before in the sight of your family, friends, neighbors, co-workers, and others.

Please pray for this ministry and email any questions. May the LORD bless you richly as you follow His plan!

Psalms 75:6-10, Daniel 4:30-35, James 4:10, 1Peter 5:6

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

You can find many other MoneyWalk articles on Facebook by looking at the NOTES created by Randy Parlor at https://www.facebook.com/#!/profile.php?id=100000444069041&sk=notes.

You can connect with Randy Parlor on Twitter and Linkedin

You can also view and/or listen to MoneyWalk articles at https://www.youtube.com/channel/UCXnztOIesOKIrSd_H6c-8mQ