MoneyWalk 287 Save & Invest To Prosper
This program will help you undo financial bondage.
Saving is putting money away at no or low interest to try and ensure that today’s currency value (purchasing power) will remain the same when I decide to draw from the money to fund purchases or pay costs. The inherent risk is that you can never truly ensure that saving will protect purchasing power. Yet, due to inflationary pressure within the economy, you can be sure that saving your money under a mattress will not help money maintain the same purchasing power as it did months or years ago when you started putting it there. Most saving is usually done on a short-term basis, less than five to ten years.
Investing is putting money that would otherwise be saved (hopefully in accounts that will at least pay medium single digit annual interest) into vehicles that are expected to have high single-digit annual interest or growth or better. A few vehicles that fit this type are stocks, higher-risk bonds, real estate, and other types that have long-term historical track records of higher-than-average annual growth. Most investing is usually done on a long-term basis, greater than ten years. Although, some people engage it on short-term speculative basis, hoping vehicles they choose will have huge short-term boosts in value they can rely on (day traders, etc.) and thus put their hope on savings to sustain them in their senior years. Likewise, some people never engage investing and thus hope they have enough low-growth savings to sustain them when they need funds, and in their retirement / senior years.
While it is absolutely true that overall prosperity concerns your spirit, soul, and body and thus is not predicated on how much earthly money you own. Rather, it’s based on Who owns you (The Father, Jesus the Son, and the Holy Spirit)! Yet, per biblical instruction it’s also absolutely true that the Lord entrusts you with earthly money and the ability to earn more, and desires that you would save and invest reasonable portions to increase its value to meet future giving and spending needs for your family, the church, and others. This requires that you live, plan, and limit spending in such a way that you consistently have reasonable excess cashflow from which to do so. This is the greatest wealth building tool and using it will determine the difference between financial bondage and financial freedom. Holistic prosperity requires consistent and reasonable saving and investment so you can prosper and be in health even as your soul prospers, to help you do the work to which you are called.
Genesis 13:2, 1Chronicles 29:3, Proverbs 21:20, Matthew 25:27, 1Timothy 6:17-19
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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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.
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