Sunday, April 28, 2024

MoneyWalk 248 Financial Planning

 

This program will help you undo financial bondage. 

Your wallet will be a bag with holes in it and your life will be filled with embarrassment when you don't have a financial plan that you regularly consult before you make spending decisions. When you first craft a plan it may appear your release from financial bondage will take many years to accomplish. However, diligently adhering to the pathway laid out by your plan, which should include a budget and future goals, will release you from bondage much sooner than you ever thought possible.

Regularly consulting your plan helps control unnecessary spending by giving you foresight several months in advance so you will know how much net income you'll have available for bills, purchases, and entertainment activities during future pay periods. This helps you meet giving, saving, and investing goals by showing when you need to pare down expenses (or some of their cost) when they aren’t necessary and won’t allow you to meet goals that provide greater comfort or financial flexibility for your future.

A financial plan starts immediately releasing you from bondage shortly after you implement it because goals are established, debts get eliminated and thus creditor entries deleted, and cash flow grows as you eliminate wasteful, irresponsible, reckless spending and unnecessary debt. Educate yourself financially and get an accountability partner with financial wisdom, so you can draw up an appropriate plan for your life. This may include visiting a financial planner to get you started and help you through the process. Our preference is choosing low-cost providers that give sound bible-based advice and refer us to investments that at least equal market returns on a consistent basis. Remember, every year no-load low-expense stock index mutual funds (S&P 500 and the like) usually out earn over 80% of actively managed commission loaded mutual funds for which most people also usually pay advisors additional management fees to oversee.   

Consistently beating the market is rarely accomplished when you’re paying exorbitant fees. So, make sure you get reliable references from friends and family who have done well financially. Also, research advisors’ backgrounds to see how they’ve helped others in your similar situation achieve reliable high-growth investment returns over many years of advising them and helping manage their portfolios. Until you’ve done this research, never trust that someone’s advice is reliable and that they can consistently deliver reasonable investment growth for your portfolio. Seek out bible-based online resources like ours below that will help educate you on budgeting, saving, investments, growth history, estate planning, selecting advisors, and so much more. At least avail yourself of their free advice to learn how to start developing and implement a financial plan or to identify areas for which you need more help meeting the Lord’s vision and financial goals for your life, wealth building, and ministry calling.

Psalms 37:21, Proverbs 6:6-8, 16:9, Habakkuk 2:2-4, Luke 14:28-30, 2Corinthians 9:6

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

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.

 

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