Sunday, December 12, 2021

MoneyWalk 131 Manage Your Finances

This program will help you undo financial bondage.

Destructive poor stewardship tendencies that lead people to financial failure are (1) over-spending, (2) regularly taking on loans to purchase products and services they don’t have cash to pay for, (3) failing to immediately record account withdrawals in their checkbook, and (4) failing to reconcile bank account(s) at the beginning of each month. These irresponsible habits compound poor stewardship until they eventually result in unbearable debt, repossession, foreclosure, bankruptcy, inability to properly care for loved ones, inability to give to propel the gospel, divorce, homelessness, etc.

The bible instructs you to monitor the state of your income versus your expenditures. To let peace and joy overcome financial destruction, you must keep the amount of your expenses well below the amount of your income. For example, you must budget in such a way that you spend no more than 70% of after-tax income on necessities and desires. You should also establish a habit of regularly tithing from income. This keeps the Windows of Heaven open over your life for tremendous blessing and reward to carry out your purpose. If you don't like to hear the word "budget," which is actually part of proper financial planning, would you rather hear the phrase "trapped in debt, relationships ruined, God-given purposes averted?"  When you don't budget or track income and expenses to maintain surplus cash flow and build wealth via investments, you inevitably overspend income and get trapped. Financial ruin silently overtakes those who fail to track expenses vs. income (just like carbon monoxide silently and without odor takes the life of people trapped in closed buildings).

Destruction happens when you’re convinced by the enemy of your soul (satan) that you’re wiser than God and could thus forsake His instructions without consequence. It will come and it doesn’t matter who reaches out to help you, you’ll continue to be in a place of natural, financial, and possibly eternal torment when you follow the world’s way of doing things. This is not the future God planned for you! If you want to grow financially healthy, wealthy, and wise, you must keep expenses below income and stay out of debt. Also, you should tithe, give offerings, save, invest, and diversify assets. This pattern will serve you well in the natural, financial, and eternal arenas of your life. Diligent obedience to biblical instruction leads to the prosperity He designed for your life.

Psalm 127:1, Proverbs 27:23-24, Habakkuk 2:2-3, Luke 14:28-30

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.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, Jesus Social Network, Social Cross, Pinterest, and Tumbler.

 

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