This program will help you undo financial bondage.
You
cannot build wealth through irresponsible money management. A lot of money
could come into your hands through inheritance or through using gifts and
skills God has given you. Yet, you’ll foolishly squander it, and experience
lack in the future when you fail to employ good financial stewardship.
Tithing
and abundant giving to support gospel ministry that builds the Lord’s kingdom
in the hearts of men is the first step to building true wealth. Knowing the
state of your income versus expenses is second. Spending less than your net
income is third. Saving an adequate emergency fund is fourth. Eliminating debt
is fifth. Eliminating co-signing is sixth. Making continuous investments on a
monthly basis is seventh. And, diversifying assets is eighth.
Balancing
your checking, savings, investment, and credit accounts each month will help
you adhere to the above money management principles so natural and supernatural
abundance can accrue to you. Whereas, failing to organize your finances and
failing to immediately record additions and subtractions to income and
expenditures will lead to over-spending because you’ll inevitably think you
have more disposable income and assets than you really have to spend.
Start
by balancing your checkbook for the past month at the beginning of the new
month by subtracting every check written and all ATM withdrawals from your
checkbook balance. Never throw away withdrawal slips until you've balanced your
checkbook for the month. Use the balancing method on the back of your monthly
statement. If you can't understand the directions, ask a friend or a customer
service representative at your financial institution to help you. This process
takes about two hours each month but will get easier and less time consuming
the more you perform the task and eliminate debt to get rid of creditors.
Now, balance
your other accounts to ensure (a) your monthly expenditures aren’t exceeding
your income, (b) you’re not being charged for items you did not purchase, and (c)
your accounts show accurate additions and withdrawals for the month. Contact
your financial institutions or creditors to straighten out discrepancies. If
you’re willing and obedient, you’ll produce continual harvests to enjoy.
Failing to be a good steward will subject you to financial bondage and dire
consequences.
Proverbs 27:23-27,
Isaiah 55:10-11, Luke 14:28-30, and 2Corinthians 8:12
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.
