This program will help you undo financial bondage.
The bible
instructs us to invest in a variety of different sources because we don’t know when
economic trouble may come our way. The investment could be money or sweat
equity for which there is a return that provides you with things you need or
desire to have in order to live the best life the Lord desires for you. Study
the advantages and disadvantages of real estate, stock, bond, and fixed-income (principle
protected interest-bearing) instruments like money market accounts,
certificates of deposits, and treasury bills, bonds, and notes. The growth or
stability of each type can help cover short and long-term needs and help you
make it through tough times when your nation, region, or life is facing
economic trouble.
Generally
speaking, stock and bond instruments should be the foundation for your
portfolio. Later, you can add other types of investments like real estate for
further diversification and returns. When you’re younger than 50 your
investment contributions should be aimed at putting more than 50% in no-load
low-expense diversified stock index mutual funds and less than 50% in bond and
fixed-income instruments. When you reach 50 years of age take an assessment of
your risk tolerance and adjust your portfolio weightings so bonds and
government guaranteed savings are used to a greater degree when you find you
need a portion of the money within five years or your simply at an age or
health condition where you don’t have many years to recover from a large stock
market downturn, or when you just don’t have the stomach to take inevitable
stock market downturns in your retirement years and you would harm yourself by
pulling money out of the market during a downturn. Yet, it is likely you will
always need at least twenty to thirty percent of your portfolio invested in
stock index mutual funds in order to have long-term returns that help you exceed
inflation and maintain the purchasing power of your money in future years.
Real estate
can be good investment instruments as long as one doesn’t leverage himself /
herself into bondage. There is so much wrapped up in that type of investment
that it requires its own MoneyWalk. Before engaging this arena, I suggest you
talk with several serious real estate investors, ask them to walk through the
facts and figures from prospecting to purchasing to fixing and maintaining to
flipping or rental to taxation and net profit, and possibly apprentice with one
of them for six-months to a year. You may find that you have the ability to
prosper greatly in this arena or find this is not the road for you. If the
latter is true, you may alternately be able to make substantial gains in this
arena by investing in real estate mutual funds. Some of the better ones have
historically had long-term double-digit annual average returns.
Craft your
investment plan to invest in seven or eight different instruments and account
sources (401k, 457 plans, 403b, Roth IRA, brokerage accounts, treasury
accounts, banks, credit unions) and re-evaluate annually. Never worry about
day-to-day stock market swings and economic cycles since you're generally
invested in stocks for the long haul. This roadmap will help you be a good
steward who has greater protection from economic upheaval, and develops
multiple streams of income to draw from when needed, and prospers immensely.
Proverbs 11:14, Ecclesiastes 11:2, Luke 19:13, 2Timothy 2:2
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,
Tumbler, and You Tube.
No comments:
Post a Comment