This program will help you undo financial bondage.
You should regularly read financial
articles authored by wise godly investors in order to learn current market lingo
as well as inner workings and outer historical average annual returns of saving
and investment instruments. Diligent study helps you (1) find vehicles that
fit your risk-taking tolerance and are thus well-suited for your financial
portfolio, (2) meet short and long-term financial goals, and (3)
refuse to engage instruments too complicated for you to understand and those
without a history of consistently positive higher growth.
In many instances, no-load low-expense
stock index mutual funds such as total stock market, S&P 500, and similar
mixes with expense ratios less than one-half percent are best for beginning
investors. They can provide the stock allocation of your overall portfolio you
need to supply exponential long-term growth. This is better than trying to
select individual stocks when you have no expertise in stock picking because
the funds offer automatic diversification due to the large number of companies
they invest in and over time they garner the substantial average annual returns
of the stock market when held for ten years or more.
A no-load fund lets you invest without
paying a sales commission to a broker. They are a better choice than choosing
one that requires you to pay sales commission up-front or at the time you
withdraw your money. Several reasons for this are:
1. You start out with
the total amount of money you invested working to make more money instead of
only the amount left over after commissions have been subtracted. Many people
wonder why their portfolios have not grown to a great degree, yet they keep using
advisors that put their money into instruments where only 93 to 95% of the
investment amount is actually invested after the advisor is paid commission.
How would you like to lose $70 out of every $1,000 you invest and thus have
only $930 working on your behalf?
2. You generally pay
no surrender penalties to the fund operators for withdrawing money from no-load
low-expense stock index mutual funds. Of course, if you invested through a
pre-tax retirement plan you might have to pay the federal government taxes for
early withdrawal and penalty if you’re younger than 59½ when funds are
withdrawn.
3. When you withdraw
funds, you do not pay back-end sales commission to an advisor, saving you 5% to
7% of the value of your portfolio and you pay an expense ratio that is usually
far less than you would pay on funds that charge commissions.
Review the historical track record of no-load
index funds compared to the market benchmark. Choose the funds that
historically meet or exceed the industry annual growth average. Over a long
investment horizon, you come out far ahead of the amount of money you actually
invested and well ahead of the returns of loaded, actively managed funds.
Steady plodding will bring great success, while get-rich-quick schemes often bring
penury.
One of the great deceptions of our day is
that people will get-rich-quick by taking overly aggressive investment risk.
Scripture warns against this mentality and less than 1% of those who try
actually come into riches using such methods. It is simply not worth putting
your family, God-given purpose, and financial stewardship in jeopardy. On
another note, the vast majority of people never take actions necessary to grow
the money entrusted to them in order to help further the gospel and fulfill
their God-given purpose. Let investments in no-load mutual funds with low
expense ratios help you in this regard while you study to find and understand other
types of investments that may help you further diversify and grow.
Scripture shows investing is a good thing
to do, yet past returns are no guarantee of future results. So, rely on the
Holy Spirit to help guide you along with wise Christian counselors and
financial education, never succumb to get-rich-quick schemes, and make sure first
and foremost to invest an abundant portion of your income / treasures in
Heavenly places by giving for gospel ministry at home and abroad because then moth
and rust won’t corrupt your life, treasures, and endeavors and thieves cannot
break in and steal God-given rewards.
Proverbs 13:20, 19:20-21, Proverbs 21:5, Matthew
25:13-27, 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!
You can find books authored by Randy and
Karen Parlor at www.Amazon.com.
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