This program will help you undo financial bondage.
Saving
is putting money away at no or low interest to try and ensure that today’s
currency value (purchasing power) will remain the same when I decide to
draw from the money to fund purchases or pay costs. The inherent risk is that
you can never truly ensure that saving will protect purchasing power. Yet, due
to inflationary pressure within the economy, you can be sure that saving your
money under a mattress will not help money maintain the same purchasing power
as it did months or years ago when you started putting it there. Most saving is
usually done on a short-term basis, less than five to ten years.
Investing
is putting money that would otherwise be saved (hopefully in accounts that
will at least pay medium single digit annual interest) into vehicles that
are expected to have high single-digit annual interest or growth or better. A
few vehicles that fit this type are stocks, higher-risk bonds, real estate, and
other types that have long-term historical track records of higher-than-average
annual growth. Most investing is usually done on a long-term basis, greater
than ten years. Although, some people engage it on short-term speculative basis,
hoping vehicles they choose will have huge short-term boosts in value they can
rely on (day traders, etc.) and thus put their hope on savings to sustain them
in their senior years. Likewise, some people never engage investing and thus hope
they have enough low-growth savings to sustain them when they need funds, and in
their retirement / senior years.
While
it is absolutely true that overall prosperity concerns your spirit, soul, and
body and thus is not predicated on how much earthly money you own. Rather, it’s
based on Who owns you (The Father, Jesus the Son, and the Holy Spirit)! Yet,
per biblical instruction it’s also absolutely true that the Lord entrusts you
with earthly money and the ability to earn more, and desires that you would save
and invest reasonable portions to increase its value to meet future giving and
spending needs for your family, the church, and others. This requires that you
live, plan, and limit spending in such a way that you consistently have
reasonable excess cashflow from which to do so. This is the greatest wealth
building tool and using it will determine the difference between financial
bondage and financial freedom. Holistic prosperity requires consistent and
reasonable saving and investment so you can prosper and be in health even as
your soul prospers, to help you do the work to which you are called.
Genesis
13:2, 1Chronicles 29:3, Proverbs 21:20, Matthew 25:27, 1Timothy 6:17-19
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!
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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