This program will help you undo financial bondage.
Without a budget
you will likely have no ability to appropriately save and invest for the
future. Many people attempt to budget in their heads, but it causes them to
fall short on bill payments and other operations of daily life that should be
greater priority. Writing out a budget would have fore-warned them of the
situation and let them know that negative consequences would eventually follow
if they do not correct the situation.
A good book that
contains budgeting illustrations along with paper and pencil are all that's
needed to start writing your budget. A computer spreadsheet or budgeting
software makes the job even easier. After your initial few hours setting up
your budget, you'll only need about an hour each week to maintain it and revise
it if necessary due to changes in income and necessary expenses.
My recommendation
is that you pay the tithe as the first line-item expense. Then, find out how
the rest of your budget works out. For example, do you have a surplus during each
month or do you have a deficit. Now, look at your expense categories to
identify the things that can reasonably be eliminated or reduced, so the increased
disposable cash flow can be put toward a first-tier $1,000 emergency fund and
then toward repayment of non-mortgage debt (credit cards, car loans,
personal loans, student loans, etc.). Once non-mortgage debt is paid off,
use the surplus cash flow to build at least a $10,000 emergency fund.
On average it
takes people who are focused two to three years to pay off all their non-mortgage
debt, about six months thereafter to build their emergency fund to $10,000, and
about seven years to pay off their mortgage even while putting 10% of their
income into investment accounts (brokerage, 401k, Roth IRA, etc.). Over
the years, budgeting your income and expenses will produce enormous blessings
that in the past you never thought could be realized. We are a testimony to the power of scripture in this
regard, as we have become multi-millionaires using this technique along with
the few other proven steps for financial freedom and wealth building and have
helped others find freedom from financial bondage and build wealth.
Proverbs 13:22-23, 21:20, 27:23-24,
Habakkuk 2:2-4, Luke 14:28-31, Romans13:7-8
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/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, Pinterest, TikTok, Tumbler, and You Tube.
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