This program will help you undo financial bondage.
Living
by a budget enables you to shed burdens thrust on you by a lifestyle of debt.
Write your net monthly income down and subtract a tithe and a free-will
offering so you can play a substantial role in helping the good news of Jesus
Christ implanted in the hearts of men, women, and children worldwide. Now,
subtract every minimum monthly payment due for each bill (home mortgages,
car notes, credit cards, cable television, retail accounts, etc.). For
utility and other bills that vary in amount each month or that are payable
quarterly, semi-annually, or annually (gas, water, electric, telephone, car
and home insurance, lawn maintenance, snow shoveling, etc.), subtract the
monthly average of these bills for the prior twelve-month period. Your discretionary
income (cash flow) is what remains.
You
can spend discretionary income on additional free-will offering, groceries,
gas, personal care items, reducing debt, saving, investing, and entertainment.
You’re already saving if your employer withholds a percentage of your pay for a
401k or similar investment plan. Do not spend amounts subtracted for payments
due quarterly, semi-annually, or annually. Put this money in a separate savings
account or let it stay in your checking account until it’s time to pay those
bills. Discipline yourself to budget for at least one year in advance so you
can see any irregularities you may have to consider and account for as you move
forward. Refuse to borrow money as you follow this plan, otherwise it’s likely
you’ll wind up in a worse position than you’re currently in.
God
has a plan for your release from financial bondage but it takes your commitment
to budgeting your income and expenses to eliminate and stay out of future debt,
so you have a lifestyle where giving comes first, saving & investing come
next, and spending on more than your needs is the last priority. Your desires
can wait until you have enough extra cash to pay for them. As you become
debt-free according to the LORD’s design you will find that not too long down
the road you’ll have enough discretionary income after giving, saving &
investing, and spending on your needs that you will be able to also spend on
many items you desire in a way that does not put you back in financial
bondage.
Proverbs 30:24, Ecclesiastes 10:19, Habakkuk
2:2-4, Luke 16:9-13
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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