This program will help you undo financial bondage.
Some financial pundits say paying
yourself first is the solution to all your financial woes. It’s great when
you’re able to do that. However, that method doesn't work, unless you know what
your monthly net income is and you consistently expend less. This is planning
of the tracking & budgeting kind. If you don't do it, you'll soon stop
paying yourself first and expend all you previously saved to obtain needed cash
to meet your un-affordable living standard.
After budgeting in advance of each
month, to set aside a tithe of income and an offering, I certainly believe in
paying myself by automating saving and investing a portion of income. This is
as close to first as is possible for me. Unless you’re self-employed or an
employer pays you under the table (the latter of which is generally not
godly and can land employer and employee in legal trouble and prison),
other entities will receive a good chunk of money you earn before you receive
it and are able to save some for yourself.
Even independent contractors and
business owners have obligations that should be paid before they can legally
put money away for their own savings and investment. For instance, if you don’t
pay quarterly taxes due, then all that you’ve paid yourself and more could be
required of you in taxes, interest, and penalties. Failure to pay the right
amount over a prolonged period of time could be considered tax evasion and land
you in prison.
Therefore, a monthly budget is
necessary because it helps you know how much you earn over given periods of
time which in turn helps you understand amounts you need to give and/or are
obligated to pay others (fixed bill payments – loans, utilities, etc.). The
greatest financial need everyone has is giving a proportionate amount of income
to honor the LORD to allow the biblical law of reciprocity to supernaturally prosper
them. Also, a budget helps identify remaining cash flow that can be spent on desired
products and services (groceries, personal spending money, miscellaneous,
etc.). Food, shelter, and a base level of transportation are certainly needs,
yet in many instances you get to determine how much income to put toward them. Clothing
is a need only if you do not have suitable clothes to wear every day. Medical
expenses might be a need in some instances. Most other expenditures are for
desires. A budget allows you to place all things in proper priority, so you
bypass the normal humanistic tendency to overspend on material things you
desire to have while forsaking tithing, offering, almsgiving, saving, and
investing. The latter help you fulfill purpose and take you to The Wealthy
Place.
Psalm 37:23, Proverbs 30:24-25,
Ecclesiastes 10:18-19, Habakkuk 2:2-4, Luke 16:9
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!
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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