This program will help you undo financial bondage.
Most endeavors
that could be good for you don’t come with a solid guarantee of profitability from
someone you can automatically trust. Therefore, you must read, study, and
question others to identify advantages and challenges inherent in each
endeavor. Even when something appears viable on the surface, follow the
guidance of the Holy Spirit, because it will always line up with biblical
principles in a way that truly prospers you spiritually and financially.
In the investment
world, you'll likely find that no-load, low-expense broad market index mutual
funds are good vehicles to meet stock and bond allocations of your investment
plan because they offer automatic diversification due to the large number of
businesses they invest in, don’t require you to be a market expert, and require
little physical & mental effort to employ. No-load means you pay no front
end or back-end commission to a broker to purchase them. Our definition of low
expense is funds that charge expense & marketing fees of less than one-half
a percent on the principal amount of the investment.
By using these
types of mutual funds you’ll leverage to your benefit the positive history of
the market. The parameters above will help you find the best mutual funds in your
retirement plans and brokerage accounts. You can invest directly in the funds via
payroll deduction or electronic funds transfers from your bank account. Overall,
index funds have a history of producing higher returns over 10 to 20-year
investment periods than approximately 80% of actively managed funds on which
commissions and higher expense & marketing fees are charged.
If you could find
actively managed mutual funds that maintain long-term track records of higher growth
with less volatility than no-load low-expense index mutual funds, then it would
be in your best interest to invest in those active funds. However, as noted
above, few active funds consistently beat index fund growth short or long-term.
Many people are scared to invest because of the sheer magnitude of the number
of active mutual funds they need to sort through to find what is believed to be
the best funds in which to invest. Also, they’re not sure how associated
commissions and investment management & marketing fees will affect their
investment over time. Most simply freeze and usually don’t invest in anything.
The few who did choose investments withdrew the money a short time later when
the first market downturn occurred, thus solidifying their losses.
If such fears keep
you from investing, you should get the help of an adviser who charges less than
0.5% investment management fees and who can point you to funds with good past
performance and expense ratios less than 0.5%. The historical track record of each
mutual fund is available online. Comparing some of them can help you decide
which funds to invest in. You can sort through historical returns including expenses
and find those that had greater consistency & overall performance ratings in
the past. Investing in this manner with guidance from wise godly counselors
will prosper you immensely as you walk forward on the path the Lord prepared
for you.
Proverbs 19:20-21,
Ecclesiastes 11:2, Matthew 27:57, Acts 17:10-12, 2Timothy 2:15-17
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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