This
program will help you undo financial bondage.
Debt elimination is a critical part
of successful financial planning and thus good stewardship, yet many people don’t
properly manage income and spending to reduce their debt load and facilitate a
financially healthy life that includes extravagant giving and wealth building.
Debt elimination helps reduce
stress caused by poor financial condition and lack of ability to pay creditors.
It also helps properly care for your family while teaching and exemplifying boundaries
they should maintain in their lives to be all God made them to be. In addition,
this financial habit helps one give more broadly to help meet the needs of
others.
In order to live in the Lord’s
debt-free plan for His people, you must employ biblical principles. This means you
won’t mimic the world’s mindset and methods about money and pursuit of it. As a
believer, your heart, thoughts, and actions should change from the world’s way while
it gravitates to finding and understanding biblical principles. Then line by
line, precept upon precept you should employ them to be a good steward of money
and resources the Lord entrusts to you. Your financial situation cannot improve
as long as you continue to borrow and take on more debt with higher finance
charges than your investment earnings. Scripture helps you realize most debt is
terrible for your life because;
·
The bible speaks negatively of borrowing money in most
every instance.
·
When things get tight you likely will decide to pay the creditor
you can see rather than paying tithes to God whom you cannot see. This shuts
down the flow of supernatural blessing, reward, peace, and joy He wants to come
your way.
·
Most borrowed money will not be used to create more
lucrative income streams.
·
You would be borrowing money to spend what you do not
currently have in cash.
·
You most often would be borrowing money on presumption, not
faith, to purchase desires and not needs.
·
Finance charges on borrowed money will be much higher than
interest earned on savings and will impede your ability to save, invest, and
build net worth.
·
Cosigning loans for others is a recipe for failure because
most will never pay you back and thus leave you holding the bag.
·
There’s much greater risk you’ll be negatively affected economically
(income reduced, laid off, or fired) well before the loans are paid off
thus thrusting you into repossession, foreclosure, and/or bankruptcy.
Borrowing money wrecks your will
power and financial discipline. When you do not have cash within your budget or
asset base to purchase things you want, trust God to supply your need and refuse
to go into bondage to debt. You will live, and often live well, until such time
as He provides or puts you in position to purchase without debt what you need or
desire.
Deuteronomy 28:12, Proverbs 22:7, Romans 13:8, 1 Timothy 6:6-10
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, Pinterest, TikTok, Tumbler, and You Tube.
