This program will help you undo financial bondage.
Borrowing
money is not the way to have a comfortable lifestyle because debt places you in
a very uncomfortable position. It causes most people to waste their wealth
building ability trying to have things they want right now believing that’s
what will make them happy in the long run. It causes financial bondage leaving
them unable to adequately handle emergencies, living expenses during job
layoffs, and other situations that require substantial assets to navigate.
Certainly,
it’s not wrong to want things nor have things, as long as you don’t make this
desire a priority over intimate relationship with the Lord and His will and
work for your life. You will have violated this ethic when your outgo exceeds
your income, and will find your upkeep will be your downfall. Likewise, when
you do not have substantial assets to produce income to provide for you and
family during periods of low or no income, your monthly loan payments will be
your downfall. You must learn there is a
right time to experience things you desire; when the Lord provides for you in
such a way that you’re able to, without debt, purchase things you desire while
allowing you to maintain a healthy emergency fund and growing asset base
that’ll be able to provide income for your retirement / refirement years. Thus,
you’ll be able to pursue His desires for your life (meaningful vocations,
ministry, and service to others) while enjoying the type of comfort that is
truly desirable.
When
you don’t work on being a good steward, creditors will continue to press you
for payment, even when you’re in the worst financial position you’ve
experienced. This bondage will not feel or be good! The bible emphatically
instructs you to avoid this trap of becoming "a borrower who is slave to
lenders." There is a far better option available to you. You can put
yourself in the condition of a good steward instead of a borrower. A good
steward has few if any debts, more than adequate monthly income with far less
in expenses, and a level of assets that is many times larger than debt owed. In
this position, you’ll reap the financial benefits you currently pay lenders.
Start
your freedom from bondage process by cutting up credit cards, leaving only one
major credit card (with a low interest rate) for drastic emergencies.
Tithe and give as instructed by the bible. Make minimum payments on your debts
and use all available cash flow above that to build a $1,000 first-tier
emergency fund. Thereafter, use cash flow to pay off your non-mortgage account
for which you owe the lowest total debt. When that is paid off, then use all
disposable income to pay off the creditor for which you owe the next lowest
total debt.
Trust
God to provide what you need and don’t have cash to buy. Once your non-mortgage
debts are paid off, increase your emergency fund to at least $10,000. Then,
invest available cash flow in your 401k or 403b in the amount necessary to get
your employer’s match as well as an additional amount to get your overall
investment to at least 10% of your gross income. Use vehicles historically
proven to bring reliable higher yields over the long term, such as no-load
low-expense stock index mutual funds. Then, put your cash flow toward monthly
mortgage principle, so your house can be paid off far earlier than scheduled.
Once it’s paid off, put the bulk of your increased monthly cash flow toward
giving to worthwhile ministries and charities, and into investments in your
401k, 403b, Roth IRA, and/or brokerage accounts that allow the market to do its
long-term work of bringing you great investment growth.
By
committing to this plan requiring patience, contentment, sacrifice, and
self-control your debt will be eliminated in due time and you'll accumulate
wealth over the course of your life. You'll remove financial bondage from your
life and be the good steward the Lord desires.
Deuteronomy 28:12, Psalms 37:21,
Proverbs 22:7, 27:23-24, Romans 13:8
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/ministries/financial-freedom weekly with family and friends so these
bondage-breaking articles and other financial information can help them gain
helpful insight! @everyone
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://books2read.com/u/4NgpBo
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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