This program will help you undo financial bondage.
A legitimate reason for taking on debt could be
when parents have no other way to provide food or shelter during a period of
poverty in which severe hardship has overtaken the family. It may also be
acceptable to use debt instruments whenever you have fixed assets of an amount
that covers the total loan plus interests and costs and enough stable income and
cash flow to cover the monthly payments.
Often people consider it shrewd to leverage debt
because the purchased property could increase in value over many years to be
far greater than the outstanding amount of the loan, or because renting it to
someone else could create enough cash flow to cover the monthly loan payment and
other expenses. Some call it using other people’s money to make money.
You must be very careful when walking this path
because most people who engage it have good intentions but are unable to
produce enough cash flow to cover the loan payments and/or at the wrong time in
their lives the value of the property dropped due to market conditions and they
could only off-load it at a loss. In many situations, people (even
Christians) had property repossessed or foreclosed on or were forced to
file bankruptcy, which result in huge amounts of debt still being pursued by
bill collectors and government agencies.
When people compromise by taking on debt
instruments without the net worth to cover the entire amount of indebtedness,
they usually short-change the Kingdom of God and the Church and bring financial
hardship upon their families. Unfortunately, one bad choice seems to never be
enough, so they enter into similar situations with many creditors to obtain
unneeded property, cars, and other purchases. This eliminates cash flow that
should be used to invest and grow wealth. It puts them in a position where they
choose to pay creditors instead of paying tithes and giving abundant offerings
to help lead people to Jesus Christ and teach them how to walk in His ways.
While most people want blessings and rewards from
Him they unfortunately make financial pacts with the devil and give his methods
more allegiance than they give bible principles. Your vision should be focused
on the fact that His way for you to walk this life helps you prosper immensely.
He wants to bring you out of debt, not further encumber your life with debt.
Debt freedom is truly the best position to work yourself into. It’s wonderful
to know His vision for you is that large and He is powerful enough to help you
make it happen!
Deuteronomy
28:12-13, Psalms 37:21-22, Proverbs 22:6-7, Romans 13:8
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 http://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!
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.westbowpress.com/en/bookstore/bookdetails/817195-power-to-get-wealth
You can find books authored by Randy
and Karen Parlor at www.Amazon.com.
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