MoneyWalk 361: Diversify Your Savings And Investments

This program will help you undo financial bondage.

You should separate your savings and investments into roughly 12.5% portions in 8 different accounts order to diversify and spread your risk so that no one event, theft, or mismanagement of it will ruin the whole of what you had available. For safety sake, you should pick large known brokerage house (Vanguard, TIAA CREF, Fidelity, Charles Schwab, etc.) no load, low expense stock index mutual funds for the investment portion, which should be the largest portion of your money because this is long-term money for which you need growth in order to draw future income to retire or augment other retirement income sources. For savings (no matter the stage, $1,000, $10,000, or three to six-month emergency fund, etc.), you should mostly use financial institution accounts guaranteed by FDIC or NCUA because safety and the ability to withdraw the whole amount at any time is what you need in case you encounter an emergency for which you need this money (uncovered medical expense, layoff, extended unemployment, etc.).

Be aware that no bank should have any more than $250,000 of your emergency fund money / other savings (the maximum amount guaranteed per institution by the U.S. government via FDIC or NCUA), no matter the number of different accounts it is separated into. The SIPC insures equity and bond type investment accounts for up to $500,000 against loss caused by mismanagement, malfeasance, theft, and some other situations but it does not guarantee that you will not lose principle based on market swings at any given time. Therefore, it is wise to only put in each investment account the maximum amount that a reputable securities investment guarantor agency like SIPC would pay for malfeasance, etc. However, there may come a time when you have so much investment money that it would be hard to separate it all into small portions for guarantee purposes. In such instances diversification alone (into at least 7 or 8 investments) would save you from losing everything when the market goes down or an investment manager engages in nefarious, money losing activities.  

Putting all the money the LORD entrusts to you in one account leaves you vulnerable to losing all your money if that financial institution / business becomes bankrupt. Financial troubles at that one company, whether temporary or permanent, could lose all the money or render you unable to draw a portion of it from the account when you really need it during an emergency. Certainly, you should study to become financially literate to understand how you can best invest your money based on a reasonable risk / reward tolerance. Augment your study by spreading your savings and investments into different instruments to avoid the problem of losing everything in one fell swoop. It is very unlikely that every company holding the money would be in financial trouble at the same time. We hope that none of them are ever in that situation yet it is best to plan and prepare so you are not in the position to lose everything or large chunks of money because you had all your eggs in one or only a couple of baskets. This principle of diversification may not help you get the highest return on your money but it will keep you from losing everything when the world is experiencing a sour economy. Also, by investing the largest portion of your investment money in no load, low expense stock index mutual funds you will reap far higher returns over the long haul of your future than you would if you put the money in bond, fixed income, and savings based accounts.

Please pray for this ministry and email any questions. May the LORD bless you richly as you follow His plan!

Genesis 13:2-6, Job 42:12, Ecclesiastes 11:2, Luke 19:1-8, Acts 4:34-37

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 360: Strength Gained Through Counsel

This program will help you undo financial bondage.

The bible exhorts believers to seek wise counsel that will help them live according to God’s purpose and enable them to make good decisions in the most difficult situations. Some counsel comes from the Spirit inspired writers of the bible books. Some counsel comes from people who have advanced out of the situations you are currently in. Sometimes good advice comes from people who do not yet follow Christ. God uses these types of counsel in your life in order to mold you into the person He made you to be. Just make sure you continue to study the Word in order to understand that people’s guidance fits the LORD’s design whether they know it or not.

Failing to utilize godly and wise counselors will cause you to have heartaches and headaches you could have avoided. These counselors have made mistakes that hampered their fruitfulness for a time and could have derailed their success, but you don’t have to make the same mistakes and you won’t if you will seek out and listen to these counselors on a regular basis. For example, your finances would not be in a continual downward spiral for which you cannot see a way out if you obtained counsel from a godly advisor or person who has learned that individuals and couple’s lives are destroyed by massive debt, failure to maintain gainful employment, constant spontaneous spending, and/or failure to craft and follow a giving, saving, and spending plan

People’s failure to seek godly counsel and follow wise advice turns into great sorrow and they continue to pierce themselves with the sharpness of that sword until they learn they need such counsel in person or via other means (books, social media, magazines, recorded messages, etc.). There are so many outlets for obtaining the counsel you need and the best book of all, the bible, shares commands, principles, and stories to let you know how to rightly divide what you hear against the word of truth so you know what you should incorporate into your belief system and what should be discarded as useless. You will walk out this life learning what He wants many times through those who love Him. You will also learn from them how to discard what is really unimportant to Him or simply not necessary to be fruitful in this life. Know this, those who seek and follow godly counsel find abundance and continue to live in it even when bad economic cycles are upon the land.

Please pray for this ministry and email any questions. May the LORD bless you richly as you follow His plan!

Proverbs 11:14, Ecclesiastes 11:2, Luke 14:31, Acts 15:6

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 359: You Will Be Exalted When…

This program will help you undo financial bondage.

If you truly want to be exalted you must humble yourself under the mighty hand of the LORD, not think of yourself more highly than you ought, do all you can to utilize gifts and talents He provided you, serve other people in legitimate and godly ways, and refuse to be envious of platforms He allows other people to be placed upon. Balance your life according to biblical instruction and He will exalt you at the proper time and bring many blessings into your life.

It may take time for this to occur and may not come when you want it, but don’t give up because it always comes on time. God knows exactly what you need and when you need it. He allows tests in your life to help you develop a testimony that will lead other people to Him and enhance their lives as well as your own. Any bad thing that happens to you is only short-term. He uses these situations as a set up for your future 30, 60, or 100-fold blessing. So after doing all you can to bring each situation to a positive conclusion, just trust Him and stand on faith knowing that He is working everything together for your good because you love Him and are called according to His purpose.

It pleases the LORD for you to do the following types of things in order to be a good steward: (a) maintain gainful employment, (b) keep your expenses below your income via proper planning / budgeting, (c) tithe and give abundantly to Kingdom ministry, (d) focus on debt elimination so you have maximum financial freedom from the pull of this world and so you have an abundance from which to serve Him when others are struggling during economic downturns, (e) build wealth via putting at least 10% of your gross monthly income in savings and equity investments, and (f) diversify your assets so no single investment represents more than 10% of your total assets.

As you show humility in nurturing intimate fellowship with the LORD via praise worship, prayer, reading scripture, and obedience to biblical instruction, in priority over every other activity, you will ultimately experience His blessing of exaltation like never before in the sight of your family, friends, neighbors, co-workers, and others.

Please pray for this ministry and email any questions. May the LORD bless you richly as you follow His plan!

Psalms 75:6-10, Daniel 4:30-35, James 4:10, 1Peter 5:6

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 358: Find Freedom By Eliminating Debt

This program will help you undo financial bondage.

The highest finance charges are normally on credit accounts issued by retail stores. Most charge you around twenty-five cents on the dollar in interest for every dollar that revolves. Some charge upwards of thirty cents on the dollar. Some mortgage bankers and car financing firms are getting in on the high interest finance charge game. You cannot afford to be in this type of situation. Scripture clearly indicates the LORD does not want you to be in bondage to debt because the part of the Great Commission He designed you to play, as well as your calling, mission, life dream, and vision are seriously sidetracked and jeopardized when you give yourself over to debt bondage.

This puts the enemy in a position of controlling you like a puppet master. He wants to make it impossible to pursue what you’re on this earth to do by obligating your time, effort, and hard work to debt payments you’re legally attached to. He wants your faithfulness to creditors to be a higher priority than your intimacy with the LORD and faithfulness to the work and relationships He called you to.

When you have been irresponsible with debt and undisciplined financially you need to immediately call the finance companies to close revolving credit accounts and cut up any cards you may have and commit to never use them again so you will not be tempted to continue incurring exorbitant finance charges. Some companies may not let you close the account until it is paid in full. In this instance, your commitment to never using it again will help you reach the financial milestones your aiming at and fulfill the plan for your life.

It is time to embark on the following debt reduction strategy. (1) Commit to budgeting while ensuring that your monthly expenses are at most 80% of your net monthly income. (2) Pay the minimum on all accounts and use excess disposable income to save $1,000 for an emergency fund. (3) Then, pay the minimum on all accounts except for the one with the smallest balance. Use excess disposable income on this account in order to pay it off as quickly as possible. When it is paid off, move all excess disposable income to the account with the next smallest balance and repeat this process until all accounts are paid off. On average, people are often able to pay off every account within two to three years, except for their mortgage. It usually takes less than seven years thereafter to pay off the mortgage.

You may need to find or create a second job to bring more income into your home each month in order to make sure you live within this parameter. For obtaining money quickly to add to your income, emergency fund, and debt pay off, every week hold continual yard sales or ebay sales of the excess items you own that you are not currently using or solicit local restaurants to become deliverers of their food to customers. For entrepreneurial endeavors go door to door and get multiple clients for house cleaning, lawn mowing, tutoring kids, and giving music lesson.

This portion of the financial planning process will set you on the path to financial freedom from bondage so you are shortly able to pay all your monthly expenses without headache or worry. You will also have much more disposable income of which a higher percentage can be given to fund Kingdom endeavors and pursue His calling and vision for your life. In addition, you will be able to establish a much larger emergency fund and invest substantial amounts monthly in high growth investment products that will lead to great wealth 10, 20, and 30 years down the road.

Please pray for this ministry and email any questions. May the LORD bless you richly as you follow His plan!

Deuteronomy 28:12, Proverbs 22:7, Luke 16:8-12, 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 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

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MoneyWalk 357: Jesus In You Is Necessary For True Success

This program will help you undo financial bondage.

The best blessing can only be obtained by confessing that Jesus Christ is your Savior and LORD. This blessing cannot be earned. It is only available based on the finished work of Jesus Christ on the cross, His righteousness extended to you, and His resurrection as a sign that you also are raised to newness of life upon accepting Him as the only way to be saved.

In Him are many other blessings as well. He provides them to help you fulfill His plan upon the earth for the salvation and disciple-making of other people. True and everlasting success only come as a result of listening to Him to identify ways to engage His plan as you go about your life in every venue (the marketplace, neighborhood, relationships, etc.). Regardless of the money and material things you have or do not have, without Him you can only be successful in the eyes of men. What does that gain you in the light of eternity? It profits a person nothing to gain the world, but lose His soul.

From the foundation of the world, God planned to meet every need and desire of mankind. He knew by giving Adam and Eve freewill they would sin and bring a curse upon mankind that could only be eliminated by the blood of Jesus Christ. Every person engages evil works and will ultimately pay an eternally painful price for it until accepting Jesus Christ.

Even on earth, good (activities that please Him) and evil (ungodly activities that displease Him) have respective positive and negative consequences attached to them. Positive results that bring eternal reward come only when you honor Christ by living for Him in the way that pleases Him. This can only be accomplished by allowing Him to live His life in you and show it outwardly to others. For your eternal and earthly sake, no matter the station in life or career you have been afforded, you must rely on biblical instruction to truly secure blessing for your life. Honor God by living for Him including using His money management principles. Only then are you assured of righteousness, peace, and joy forevermore.

Please pray for this ministry and email any questions. May the LORD bless you richly as you follow His plan!

Proverbs 3:5-10, Malachi 3:6-12, Matthew 6:25-34, Luke 6:38

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