MoneyWalk 132a Good Stewards Plan
This program will help you undo financial bondage.
Some financial pundits say paying yourself first is the solution to all your financial woes. It’s great when you’re able to do that. However, that method doesn't work, unless you know what your monthly net income is and you consistently expend less. This is planning of the tracking & budgeting kind. If you don't do it, you'll soon stop paying yourself first and expend all you previously saved to obtain needed cash to meet your un-affordable living standard.
After budgeting in advance of each month, to set aside a tithe of income and an offering, I certainly believe in paying myself by automating saving and investing a portion of income. This is as close to first as is possible for me. Unless you’re self-employed or an employer pays you under the table (the latter of which is generally not godly and can land employer and employee in legal trouble and prison), other entities will receive a good chunk of money you earn before you receive it and are able to save some for yourself.
Even independent contractors and business owners have obligations that should be paid before they can legally put money away for their own savings and investment. For instance, if you don’t pay quarterly taxes due, then all that you’ve paid yourself and more could be required of you in taxes, interest, and penalties. Failure to pay the right amount over a prolonged period of time could be considered tax evasion and land you in prison.
Therefore, a monthly budget is necessary because it helps you know how much you earn over given periods of time which in turn helps you understand amounts you need to give and/or are obligated to pay others (fixed bill payments – loans, utilities, etc.). The greatest financial need everyone has is giving a proportionate amount of income to honor the LORD to allow the biblical law of reciprocity to supernaturally prosper them. Also, a budget helps identify remaining cash flow that can be spent on desired products and services (groceries, personal spending money, miscellaneous, etc.). Food, shelter, and a base level of transportation are certainly needs, yet in many instances you get to determine how much income to put toward them. Clothing is a need only if you do not have suitable clothes to wear every day. Medical expenses might be a need in some instances. Most other expenditures are for desires. A budget allows you to place all things in proper priority, so you bypass the normal humanistic tendency to overspend on material things you desire to have while forsaking tithing, offering, almsgiving, saving, and investing. The latter help you fulfill purpose and take you to The Wealthy Place.
Psalm 37:23, Proverbs 30:24-25, Ecclesiastes 10:18-19, Habakkuk 2:2-4, Luke 16:9
Please pray for this ministry and email questions to [email protected] and share the links below with others who need guidance. May the LORD bless you richly as you follow His plan!
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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!
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.
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