This program will help you undo financial bondage.
Net
worth is the value of all your assets minus the amount of all your debts.
Assets are items you own that have a value other people will pay you to obtain.
Debts are amounts of money you owe someone else via loans for the purchase of
material goods and/or services. Debts are liabilities. It’s not good to have a
lifestyle based on incurring liabilities instead of building assets. Assets are
items that lead to building wealth far beyond what your natural eyes now see.
You
should calculate your net worth at least annually to determine how successful
your financial plan or lack of one has been for you. You want to see an ever
increasing surplus and not a deficit because this means you are continually
moving in the right direction. Don’t be dismayed if you have a deficit when you
first calculate your net worth. Simply understanding the Lord gave you
principles to live by in managing money He entrusts to you and has given you
spiritual power to help you utilize methods that comply with them. When you use
them, you’re sure to reach a surplus within the next few years and build it
into more as you move forward throughout this life.
By
dividing your average monthly expenses into your net worth, you’ll be able to
identify how many months into the future you could pay current debts and
expenses if you’re laid off or lose your income. This measure is necessary for
short-term and long-term planning because income reducing emergencies,
hardships, and catastrophes will occur during short periods of your life such
as job layoffs, having to leave a job to care for parents, pay reductions due
to a poor economy or business troubles, etc. Yet, managing your income to
continually grow net worth will help you weather the storms of adversity
because the blessing of God and rewards are produced in your life when using
His principles, financial and otherwise.
Contrary
to popular belief, bible verses and stories support wealth building (increased
net worth) and show that it happens for faith-filled people who abundantly
give to spread the gospel message, make disciples of other people, and manage
the financial areas of their lives in accordance with biblical principles such
as planning (goal setting and budgeting), eliminating debt, refusing to
cosign, saving, investing, and diversifying assets. It does not make you
greater or better than anybody else and it pleases God for you to continue to
grow in humility and meekness as you build and to not become a respecter of
persons. He is definitely pleased when you’re intimate with Him and a good
steward of money and resources entrusted to you.
Genesis 13:2, 1Chronicles 29:2-5, Job 42:12, Acts
4:36-37, Matthew 27:57-60, James 5:1-5
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
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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