MoneyWalk 30 Diversify Assets Part 1

This program will help you undo financial bondage.

Are you familiar with the term, "don't put all of your eggs in one basket?" This advice was given so, if an accident occurs, a ma-jority of eggs would survive and be useable in the future. If you place eggs in several different baskets, it is improbable that most baskets would be affected and thus most of your eggs would re-main intact, valuable, and useable. However, if you place all the eggs in one basket and it is damaged, then all of your eggs will likely be destroyed and lose value.

This concept is based on the diversification principle noted in the bible – give a portion to seven or eight because you do not know what trouble may come upon the land. The father of our faith, Abraham, was rich in cattle, silver, and gold and lots of workers. The parables of the talents and minas show the master diversified by spreading his wealth among of number of workers who were to tend, trade with, and grow the portions entrusted to them. Indeed, the LORD diversifies by giving each person the responsibility and ability to spread the gospel by evangelizing and making disciples of men, women, and children within each arena of our lives.

Every wealth building plan should include a process that spreads assets over a number of different holdings, savings, and investment vehicles. You should also use this principle when seeking advice because there is safety in a variety of counselors to help manage life and resources. Yet, many people foolishly put all their savings and investments in one vehicle under one institution’s control, or worse yet under one person’s control. There have been many stories about people losing their entire life savings when their one vehicle goes bankrupt or the person or institution controlling it embezzles the money and it is not properly insured. Many also lose far more purchasing power than had to be lost when the value of that one investment vehicle drops substantially and they do not have growth from other investments to offset the loss.

Minimize your risk by:

(e) Saving for short-term emergency needs in a couple of government insured accounts (at least $10,000 once you eliminate all non-mortgage debt).

(f) Investing the bulk of your assets for the long-haul (10+ years).

(g) Researching to understand which investment vehicles are worthwhile.

(h) Choosing at least a few to invest in that have positive long-term historical track records (mutual funds, etc.).

Diversification does not stop investments from being affected by economic downturns and it is likely you will not get the annual return of the hottest stock. However, this type limits the size of asset downswings so they won’t be anywhere near those for people who had all of their money in the many risky investments that do not do well each year. It also allows you to obtain far greater long-term growth than those who put all their investment money in low risk fixed-income vehicles. In addition, it definitely stops the ability of one person to Madoff with all your money.

Please pray for this ministry, email me with any questions, and contact me to speak at your business or ministry conference or workshop. May the LORD bless you richly as you follow His plan!

Proverbs 11:14, Ecclesiastes 11:2, Matthew 25:14, Luke 19:13

Please forward these bondage-breaking articles to other people who can use helpful insight!

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https://www.amazon.com/s?k=Karen+Parlor&i=stripbooks&ref=nb_sb_noss

You can find many other MoneyWalk articles on Facebook at https://www.facebook.com/randy.parlor by viewing Notes in the More menu on the right side of the computer screen

You can connect with Randy Parlor on

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MoneyWalk 29 Promotions Come From The LORD

This program will help you undo financial bondage.

Work well done should be appreciated via promotions (generous raises, higher level positions, accolades, awards, etc.). However, your employer, volunteer organizations, and even leaders in the Church will not recognize your good work(s) at different times during your life. At some point, you will inevitably feel like you didn’t receive recognition or just compensation when you deserve it. This is a spiritual test of your character. Failure to receive it is an opportunity for you to display godly humility, patience, and love toward those who seem to have forgotten or passed over you. You will only display this type of character when you believe God is the author and finisher of your life and faith and that He will open doors of promotion that are specifically for you when you’re ready to handle the new level of responsibility.

In the mean-time and in between time and after you get each promotion, use biblical financial principles such as working hard, respecting authorities that supervise you, and completing assignments well and on time. This helps leaders see it is in everyone’s best interest to make higher-level opportunities and responsibilities available to you. This attitude and course of action also helps you build treasures in Heaven and on Earth in a manner that gives you access to them when God knows you need money and resources to complete steps toward your destiny.

Almighty God is totally reliable and has the master plan for your life. When you use His plan it produces peace, joy, and right-standing from which to receive even greater blessing and reward. Recognize this building block and order your life in such a way that you utilize it to move you ever forward. In the financial arena, using biblical money management principles is necessary to open the windows of His prosperity plan over your life. Keep this in mind as you do so, some people have been promoted but fail to recognize their promotion because it didn’t show up the way they wanted it, as more money, or as a more prestigious title and role.

Open your spiritual eyes to understand these are not the only ways in which the LORD can promote you. He is able to (a) promote you by causing people to give you things free you would otherwise have to pay for, (b) cause events to take place that can reduce your expenses, (c) put you in places and among people who can open doors for you, (d) bring about situations where it costs less than normal to conduct business / ministry, (e) etc. These scenarios give you more disposable income for ministry, charitable giving, and family care. Everyone committed to working as unto the LORD throughout life will see numerous promotions over time. So, don’t let satan blind you to the reality of your promotions and don’t be envious of promotions that others receive. Keep working faithfully & efficiently and He will surely promote you when the time is right.

Please pray for this ministry, email me with any questions, and contact me to speak at your business or ministry conference or workshop. May the LORD bless you richly as you follow His plan!

Psalms 75:6-10, Proverbs 3:31-35, Daniel 4:28-35, 1Peter 5:6-7

Please forward these bondage-breaking articles to other people who can use helpful insight!

You can find books authored by Randy Parlor and Karen Parlor at

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https://www.amazon.com/s?k=Karen+Parlor&i=stripbooks&ref=nb_sb_noss

You can find many other MoneyWalk articles on Facebook at https://www.facebook.com/randy.parlor by viewing Notes in the More menu on the right side of the computer screen

You can connect with Randy Parlor on

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Linkedin

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Humor for the holiday season to help you stay on track.

https://youtu.be/WKgFylGFGuc

MoneyWalk 28 Debt Elimination Methods

This program will help you undo financial bondage.

There are two main methods of debt elimination; (a) the Smallest Debt Method and (b) the Highest Finance Charge Method. For method (a) you would list all your debts starting with smallest debt on the top line of a chart and then list the next largest debt on each line below until the last line shows the largest debt you currently owe a single creditor. Next to each debt list the name of the creditor then the required minimum monthly payment. You would then pay the minimum monthly payment for all the debts and pay all surplus money along with the minimum payment for the smallest debt until that debt is totally eliminated.

Method (b) would have you list all your debts starting with the one with the highest finance charge on the top line of the chart and then list the one with next highest finance charge on each line below until the last line shows the one with the highest finance charge you are currently paying. Next to each debt you would list the name of the creditor, the finance charge percentage, and the required minimum monthly payment. You would then pay the minimum monthly payment on each debt and put all surplus money with the minimum payment for the debt with the highest finance charge until that debt is totally eliminated.

The smallest debt method (sometimes called the snowball method) gives you a psychological benefit by helping you quickly eliminate small debts, which motivates you to continue the process. Most people usually have a few creditors to whom they owe several hundred dollars. The highest finance charge method (sometimes called the avalanche method) minimizes the amount of finance charges you pay during the process of eliminating debt. Most people’s highest finance charges tend to be on debts with higher balances. People who engage the smallest debt method are far more likely to stick with the process (because of quick payoffs on a few accounts within the first few months of engaging the process) than are people who chose the highest finance charge method.

There are a small number of math / accounting genius’ who love tracking and getting the most out of the math and thus are excited about using the highest finance charge method. However, most people’s biggest problem is behavior not math calculations, and they have short attention spans with regard to following particular processes unless the process more quickly shows them a benefit that will turn into greater benefit down the road as they continue to use the process. If they had been operating in a higher math intellect all along then they would not be in financial bondage in the first place. Thus, they were engaging in poor behavior which is what led to their financial predicament. In this regard, they will do far better following the smallest debt method, which motivates them to correct behavior and continue on the road to total debt elimination.

Total debt elimination using the smallest debt method on average takes six weeks longer than when it would come using the highest finance charge method and it allows the average person’s debt to be paid off in 2 to 3 years or less while paying only a little more in interest than under the highest finance charge method. Yet, if one starts the highest finance charge method and does not continue on the path until completion then no method will benefit him, regardless of the fact that his math-genius-self thought the highest finance charge method was the best. Thus, the smallest debt method is generally the one people should use to get out of debt.

Before using this approach it's best to establish an emergency fund of at least $1,000 and close all charge cards and cut up them up, so you won't be tempted to use them again because they charge you approximately 15 to 30% interest which equates to 15 to 30 cents on each dollar you have charged.

To work optimally, the method requires you to become disciplined. Those who are resolute and willing to sacrifice for their desire to be a godly steward of money the LORD entrusts to them will engage biblical financial principles that increase their giving and reasonable, fruitful living so they can continually experience the satisfaction of spreading the gospel of Jesus Christ at home and abroad. Such engagement will not leave you burned out, depleted, or in financial bondage. Instead it will take you to The Wealthy Place as you engage the work and ministry for which the LORD fashioned you.

Please pray for this ministry, email me with any questions, and contact me to speak at your business or ministry conference or workshop. May the LORD bless you richly as you follow His plan!

Deuteronomy 28:12-15, 43-45, Proverbs 22:7, Luke 16:8-9, Romans 13:8

Please forward these bondage-breaking articles to other people who can use helpful insight!

You can find books authored by Randy Parlor and Karen Parlor at

https://www.amazon.com/s?k=Randy+Parlor&i=stripbooks&dc&qid=1573343045&ref=sr_nr_i_1

https://www.amazon.com/s?k=Karen+Parlor&i=stripbooks&ref=nb_sb_noss

You can find many other MoneyWalk articles on Facebook at https://www.facebook.com/randy.parlor by viewing Notes in the More menu on the right side of the computer screen

You can connect with Randy Parlor on

Twitter

https://twitter.com/RandyParlor

Linkedin

https://www.linkedin.com/in/randyparlor/

You can also view and/or listen to MoneyWalk articles at https://www.youtube.com/channel/UCXnztOIesOKIrSd_H6c-8mQ

MoneyWalk 27 You Choose The Reward

This program will help you undo financial bondage.

The bible is full of promises and rewards that can be obtained by faithfully honoring Jesus Christ. This means following the guidance and instruction of the Holy Spirit in order to obey Christ’s commandments. Each time you stumble or sin or by immaturity make a wrong decision, be quick to repent of it and turn to God asking Him to help you and resolve to never do it again.

When reading the bible, you'll find numerous Old Testament scriptures in which God promised Israel blessings in return for loving Him by living holy. He made similar promises in the New Testament to born again believers and identified that many blessings contained in the Old Testament still apply to present day believers. Rewards that faithful followers can count on:

1. Being given a positive future, a worthwhile earthly purpose, and sure eternal destiny in Heaven upon confessing with your mouth that Jesus is Lord and Savior and believing in your heart that God raised Him from the dead to provide your salvation, eternal life, and fulfill His purposes through-out eternity.

2. Being made the head and not the tail.

3. Being in the wealthy position of lenders instead of the poor position of borrowers.

4. Being prosperous and having good success.

5. Having your storehouse filled with overflowing increase.

6. Having more blessings poured out from the windows of Heaven than you can use on yourself. You are blessed to be a blessing to many others.

Simply put, it's been God's plan all along that mankind would respect and worship His son Jesus Christ and live in a way that's pleasing to Him. These blessings have been available throughout the ages to any race, culture, or nationality of people that would honor the LORD. If you want a blessed, peaceful, and joyous life financially and otherwise with treasures in Heaven awaiting you, then honor God by using His biblical money management principles.

Please pray for this ministry, email me with any questions, and contact me to speak at your business or ministry conference or workshop. May the LORD bless you richly as you follow His plan!

Psalm 2, Proverbs 3:9-10, Malachi 3:8-12, Matthew 6:33, Luke 6:38

Please forward these bondage-breaking articles to other people who can use helpful insight!

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https://www.amazon.com/s?k=Karen+Parlor&i=stripbooks&ref=nb_sb_noss

You can find many other MoneyWalk articles on Facebook at https://www.facebook.com/randy.parlor by viewing Notes in the More menu on the right side of the computer screen

You can connect with Randy Parlor on

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https://twitter.com/RandyParlor

Linkedin

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You can also view and/or listen to MoneyWalk articles at https://www.youtube.com/channel/UCXnztOIesOKIrSd_H6c-8mQ

MoneyWalk 26 Plan and Budget For Financial Health

This program will help you undo financial bondage.

Diligence in mapping out your financial future month-to-month and year-to-year and writing it down on paper is what it takes to repair damaged finances and/or maintain good financial health. A negative financial condition should make you turn from the money management principles you've used up to this point in time and turn to God's principles for managing money because He always has your best interest in mind. He wants to bless you and use you to bless many other people.

If your situation is going to positively change, you must develop a monthly budget that lists your tithes & offerings and all your bills and then subtracts them from your net monthly income. Such budgeting shows, after all other bills are paid, what you have left to spend on personal items, savings, and investments. It should be calculated for each month for an extended period of times like six to twelve months.

This short-term planning of anticipated income, giving, and expenses is vital for bettering your financial health, because it gives you a good estimate of the amount of income you are able to save and invest. This exercise also shows how much money must remain in your account to cover deficits that would otherwise show up in future months and it shows how much discretionary income remains each month so you know the amount you can reasonably use to make purchases during current and future months.

If your budget shows you have a deficit going forward, then you need to find more income producing work that will allow your budget to show a surplus each month. This can be done via asking for raises and promotions at your primary job, looking for better paying work, taking on secondary jobs, or by engaging no cost low cost entrepreneurial efforts. Surplus money identified by your budget should be used to progressively (1) build a reasonable emergency fund, (2) eliminate debts, (3) save and invest at least 10% of your monthly gross income, and (4) give more abundantly.

The planning / budgeting process helps you properly care for yourself, your family, and Church ministry. It also helps build wealth from which you can generate more than adequate monthly income for the time in life when you may desire to retire or have to retire due to unforeseen circumstances.

Please pray for this ministry, email me with any questions, and contact me to speak at your business or ministry conference or workshop. May the LORD bless you richly as you follow His plan!

Proverbs 27:23-27, Habakkuk 2:2-4, Luke 14:28-30, Philippians 4:11-20

Please forward these bondage-breaking articles to other people who can use helpful insight!

You can find books authored by Randy Parlor and Karen Parlor at

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https://www.amazon.com/s?k=Karen+Parlor&i=stripbooks&ref=nb_sb_noss

You can find many other MoneyWalk articles on Facebook at https://www.facebook.com/randy.parlor by viewing Notes in the More menu on the right side of the computer screen

You can connect with Randy Parlor on

Twitter

https://twitter.com/RandyParlor

Linkedin

https://www.linkedin.com/in/randyparlor/

You can also view and/or listen to MoneyWalk articles at https://www.youtube.com/channel/UCXnztOIesOKIrSd_H6c-8mQ

MoneyWalk 25 Hope For Your Life And Finances

This program will help you undo financial bondage.

The only hope worth having is contained in Jesus Christ, who gives eternal salvation. Upon declaring Him Savior and LORD, your eternal hope is secure. His resurrection and your belief in Him afford you a place in Heaven and begin the fulfillment of your purpose on Earth.

Eternal hope in Christ is not like worldly hope where you wish for things that may not come to pass, rather it is surety that you will see your Redeemer face to face in Heaven and spend eternity with Him. By the power of the Holy Spirit you will encourage many friends and family to put their faith in Christ, so they also can spend eternity with you in Heaven and the New Earth.

In this life, you hope to avoid catastrophe and daily turmoil or go through them victoriously and have your needs met, including those in the financial realm. The bible says believers will suffer persecution while we dwell on Earth but will be eventually delivered from it all to receive abundant blessing & reward for faithful-ness to the LORD. Eternally, this promise becomes real and true the moment you accept Christ. Rest assured your place in Heaven is secure. He will renew your mind starting now to understand that His plan for your life is best and affords you the life, character, blessings, and rewards that are best for you based on the purpose for which He created you.

Obedience to Christ involves conforming ourselves to biblical instruction in worship, prayer, bible reading, church attendance, evangelism, disciple-making, working to earn worthwhile income, tithing, budgeting, eliminating all debt, refusing to cosign, saving, and investing. This lifestyle forms the attitude, actions, and re-sources necessary to bring forth fruitfulness while you’re on earth. It secures your financial hope. For optimal health, you should spend no more than 70% of your take home pay on life-style. You will not necessarily get all the income, money, or material things your natural mind could want in this life, but you will definitely receive everything your body, soul, and spirit truly need and you can learn and take action with your life to live in the Wealthy Place the LORD designed for you on Earth and through-out eternity.

Please pray for this ministry, email me with any questions, and contact me to speak at your business or ministry conference or workshop. May the LORD bless you richly as you follow His plan!

Psalm 66:12, 71:5, Proverbs 14:32, Colossians 1:3-6, 1John 3:1-3

Please forward these bondage-breaking articles to other people who can use helpful insight!

You can find books authored by Randy Parlor and Karen Parlor at

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https://www.amazon.com/s?k=Karen+Parlor&i=stripbooks&ref=nb_sb_noss

You can find many other MoneyWalk articles on Facebook at https://www.facebook.com/randy.parlor by viewing Notes in the More menu on the right side of the computer screen

You can connect with Randy Parlor on

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https://twitter.com/RandyParlor

Linkedin

https://www.linkedin.com/in/randyparlor/

You can also view and/or listen to MoneyWalk articles at https://www.youtube.com/channel/UCXnztOIesOKIrSd_H6c-8mQ

MoneyWalk 24c Organize Records & Balance Checkbooks

This program will help you undo financial bondage.

Worksheets with instructions for balancing your checkbook against your checking account is readily available from your bank or credit union and easy to follow when performed monthly on a step-by-step basis. Make sure you have online access to bank / credit union account statements. If not, keep at least one-year of paper statements in a file. Those for different banks should be kept in their own folder by year and month issued, from January thru December.

If you have never balanced your checkbook against your check-ing account or have not balanced them in a long time, you should make an appointment with a bank / credit union repre-sentative to have them go over the balancing method so you know exactly where your funds stand. You will need the accurate account balance (that accounts for all checks and other obliga-tions written on the account that have not yet been paid) to en-sure an accurate account of your balance each month going for-ward. This helps you maintain a tight rein on your account so that money is not leaking out and thus can be used to propel you for-ward in greater giving, saving/investing, and wealth building.

Failing to regularly balance checkbooks against checking ac-counts keeps many people in a continual pattern of paying insuf-ficient funds fees and other charges and never having mishaps corrected. In most instances, if you wait too long to report a mis-hap you may never be able to get it corrected in your favor. You will lose the withdrawals that you failed to catch in a timely man-ner. You should want to make sure all money that is supposed to be deposited actually is in your account and that no money is withdrawn from your account except that which you acknowledge should be withdrawn.

When you get the budget process rolling along, your ongoing budget should mimic your checkbook ledger. When you are im-mediately recording deposits and withdrawals (including checks written) and consistently paying bills when due, you are on a path to alleviating financial bondage and correcting past irre-sponsible loan payment histories. Over the next year or so, your credit history and score will get much better and even more so as you press forward to pay more than the minimum due on monthly bills and to totally eliminate all debt.

Please pray for this ministry, email me with any questions, and contact me to speak at your business or ministry conference or workshop. May the LORD bless you richly as you follow His plan!

Proverbs 27:23-24, Isaiah 55:10-11, Luke 14:28-30, 2Corinthians 8:12, 20-21, 9:10

Please forward these bondage-breaking articles to other people who can use helpful insight!

You can find books authored by Randy Parlor and Karen Parlor at

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https://www.amazon.com/s?k=Karen+Parlor&i=stripbooks&ref=nb_sb_noss

You can find many other MoneyWalk articles on Facebook at https://www.facebook.com/randy.parlor by viewing Notes in the More menu on the right side of the computer screen

You can connect with Randy Parlor on

Twitter

https://twitter.com/RandyParlor

Linkedin

https://www.linkedin.com/in/randyparlor/

You can also view and/or listen to MoneyWalk articles at https://www.youtube.com/channel/UCXnztOIesOKIrSd_H6c-8mQ

MoneyWalk 24b Organize Records & Balance Checkbooks

This program will help you undo financial bondage.

In this technology age, you do not usually need to physically store / maintain records produced by financial institutions (including banks / credit unions, brokerages, mutual fund companies, and investment companies) that hold assets and that are not creditors issuing monthly bills. They allow easy online access to your account information to be able to see the amount of your investments over the past few years including deposits and withdrawals.

Make sure you have safe user ID’s and passwords to protect you from identity fraud and theft. Passwords with two-tier authentication and that contain some capital letters, symbols, lower case letters, numbers usually provide a level of safety, but this can change over time so be careful to keep up on the latest and peri-od change account passwords for greater protection. Also, access your accounts at least once each month to ensure data does not appear to be breached and in order to review accounts for data entry errors, etc., to know if you need to inform your financial institutions to correct any errors, and to balance your checkbooks.

In a safe accessible location, keep a record of all your financial institutions websites and account access information. This allows quick and easy access to your financial accounts anytime you want to review information or make changes.

WARNING! WARNING! Tossing your mail / bills in the corner and refusing to open them each month, like some people have done in the past, will not take you to the financial promise land. You will dwell in a dry, poverty-stricken desert or fail to reach your full financial potential & ministry calling. You will not dwell in The Wealthy Place the LORD desires for you to be blessed and a blessing to many others.

If you are to really know the state of your flocks and herds per Proverbs 27:23 so you can count the cost per Luke 14:28 to as-certain whether or not your monthly budget can cover the pur-chase of desired merchandise and services, then you must weekly consult and regularly update data in your financial records filing system. After the day or so it takes to set up an appropriate recordkeeping system, it will only take a couple of hours per week to review, maintain, and use it to make appropriate bill payments and measure financial wherewithal.

Organizing your records allows you to put the Eleven Principles into action. Monthly balancing your checkbook against your checking account and regularly reviewing all financial institution accounts is necessary to ensure errors are corrected and data is accurate. This helps you truly know the discretionary income and assets at your disposal to maximize the Seven Step Plan by shortening the time it takes for getting you out of financial bondage and into the wealthy place.

Please pray for this ministry, email me with any questions, and contact me to speak at your business or ministry conference or workshop. May the LORD bless you richly as you follow His plan!

Proverbs 27:23-24, Isaiah 55:10-11, Luke 14:28-30, 2Corinthians 8:12, 20-21, 9:10

Please forward these bondage-breaking articles to other people who can use helpful insight!

You can find books authored by Randy Parlor and Karen Parlor at www.Amazon.com

You can find many other MoneyWalk articles on Facebook by looking at the NOTES created by Randy Parlor at https://www.facebook.com/#!/profile.php?id=100000444069041&sk=notes.

You can connect with Randy Parlor on Twitter and Linkedin

You can also view and/or listen to MoneyWalk articles at https://www.youtube.com/channel/UCXnztOIesOKIrSd_H6c-8mQ

MoneyWalk 24a Organize Records & Balance Checkbooks

This program will help you undo financial bondage.

There are a number of ways you can organize records for purposes of making sure all financial data is in a few locations that can be quickly and easily accessed in order to know the data that should be used to periodically complete net worth statements and household budgets (giving-saving-spending plan), and to find current and past financial account information when needed.

1. Gather all the creditor billing statements (including utilities, etc.) that you have laying in piles on your tables and in drawers around your house. Make sure you at least have all the latest billing statements from all your creditors. For recordkeeping ease, put all billing statements in one filing system. Copy each billing statement creditors send you electronically each month. You may have to contact creditors to get copies of each billing statement so you have them all.

2. On a table, arrange each billing statement by day of each month on which payment is due from the 1st thru the 31st. When the payment due date fluctuates each month simply use the day of the month that tends to be the earliest ever requested by the creditor. For example, if your electric utility payment is generally due anywhere from the 12th to the 17th, then use the 12th as the payment due date for recordkeeping and budget (giving-saving-spending plan) purposes.

3. Once arranged in the above order, put all the bills in a filing system with tabs at the top of each folder / divider that shows the above noted day-of-the-month order for arranging records. The tab at the top of each folder / divider should be labeled with its own date from the 1st thru the 31st. as well as the name of one specific creditor’s billing statements that will be placed in that folder or behind that divider tab. When more than one creditor’s payment due date occurs on the same date then you should have that same number of folders / dividers with the same due date but different creditor names on them. For example, 1st-Home Mortgage, 1st-Car Note, and 1st-Cable subscription.

4. You only need days of the month recognized on folder / divider tabs when a payment is due on that date from at least one creditor. So, if the next date on which a payment is due is the 5th of each month, then your next folder / divider tab should be similar to 5th-MSUFCU Visa.

5. You should keep the billing statements for each creditor in January through December order during each billing year, so you know the last one received is always the one for which payment is due or payment has been made. Keep at least one year of consecutive billing statements and you can usually get rid of any billing statements older than one-year.

6. You should put a monthly recurring appointment reminder on your computer calendar or smart phone calendar that reminds you by email or text of each creditor’s payment due date at least seven days in advance of the payment each month to ensure you do not miss checking your budget and paying the bill on time.

7. When you get calendar email or text notification that a payment is due, immediately refer to the latest billing statement for that creditor in the filing system to either write a check and mail it, or use the phone payment option, or use an online payment option.

This recordkeeping system provided organization you need to identify (a) the consistency of each month’s payment due date for each creditor, (b) the amount due over the past year for each creditor, and (c) other data that will be helpful in charting your financial future via ongoing monthly budgets (giving-saving-spending plan) and periodic net worth statements. Without it or a similarly organize system you will make mistakes in timing and with money that will cost you dearly over the years by keeping you in financial bondage and outside of the wealth building process. Tune in to the next article to find out more about organizing other financial records.

Please pray for this ministry, email me with any questions, and contact me to speak at your business or ministry conference or workshop. May the LORD bless you richly as you follow His plan!

Proverbs 27:23-24, Isaiah 55:10-11, Luke 14:28-30, 2Corinthians 8:12, 20-21, 9:10

Please forward these bondage-breaking articles to other people who can use helpful insight!

You can find books authored by Randy Parlor and Karen Parlor at www.Amazon.com

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