Sunday, July 30, 2023

MoneyWalk 210 Avoid Scams, Build Wealth

This program will help you undo financial bondage.

One of the most important ways to build wealth is to avoid scams that deplete your finances. People who pull these tricks to separate you from money the Lord entrust to you are not often the gruff, dirty, uneducated type. Many scam artists who deceive people into handing over money are very educated, some have professional credentials, and most appear clean cut, respectable, and very successful. These deceivers are charismatic with great communication skills used to convince people to do what they want them to do. Yet, they often fail to invest in the manner they told you they would or run illegal pyramid schemes or sell others on investment returns they know cannot be produced. They sell what looks like hope for your finances, but it's actually pipe dreams that will do you no good. It will only fill their pockets with your money.

Often such scams work because those being scammed are greedy, too lazy to research backgrounds of the scammers, or too ignorant to understand parameters in which good investments operate. To motivate the victim to swing at the pitch believing they will quickly hit a business or investment home run out of the ballpark, the scammers count on the victim’s greed, desire to make an abnormal amount of money, or affinity for a highfalutin lifestyle. That’s why scammers communicate in ways that make you think you will be part of an exclusive, small group of highly regarded, intelligent, and powerful people when you invest through them. In order to draw you in, they tout results everyone else who invests with them are achieving due to their investment prowess.

Except for deceit and fraud, these are the same characteristics legitimate businesspeople use to get others to invest in legitimate ventures and investments. To be sure there are legitimate investments that provide high growth, income, and / or interest payments. So how does one protect themselves from the small percentage of deceivers who scam others? Using the safeguards below can help.

• Pray about the opportunity and allow the Holy Spirit to remove any greed motive that may be in you, even when you don’t know it.
• Make the investment or join the team only when the Holy Spirit gives you peace about the opportunity and you have done adequate research on the offerors and opportunity.
• Know that most abnormal investment offers should be refused when they sound too good to be true. Ones that are legitimate will not pressure you to immediately invest. They can stand the scrutiny of you researching the offerors background and faithfulness of meeting promises made via the immediate and past investment offerings.
• Check out the offerors’ compliance background via federal, state, and local regulatory agencies as well as the better business bureau and online reviews to gauge whether it appears reputable.
• Thoroughly check the return estimates and prognosis and determine if you understand it and are comfortable with the presentations.
• Have several advisors / investment counselors review the information and discuss the offering to get their thoughts on it via issues and concerns you need to beware of or get clarification on before you would invest money or more time on the offer.
• Often, it is best to also obtain a legal overview to ensure that your personal assets (other than the amount you invest) would not be at risk in case those running the business or investment offering do something harmful to others.
• Never invest most of your money in an abnormal investment offer unless you have done the above due diligence, otherwise the offerors are likely to Madoff with it, building wealth for themselves and not you.
• If you decide to invest, never write a check or send money in the name of the person selling you on the offer, unless it is a loan meant to be given directly to that person and you truly know them and that they have been reputable in many past dealings. In equity-based and other types of investment offerings, it is best to make your investment in the name of the company providing the offer with memo specifics as to the particular investment offer your money pertains to.

Now, it’s up to you to regularly review your investment at least a few times yearly. If you fail to do so you might pay dearly for lack of diligence. Bottom line, do all you can to thwart tempters and money-grubbing scam artists while allowing the Holy Spirit to guide you in the process.

Ezekiel 34:1-10, Malachi 2:7-12, Matthew 23:1-14, John 15:4-8, Jude 1:10-12

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 https://kminfo.org/services-and-programs/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.

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