MoneyWalk 111 Rich People’s Responsibility

Luke 12:15-21, 2Corinthians 9:6-13, 1Timothy 6:17-19, James 5:1-11

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

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Power To Get Wealth

My book provides principles and practical steps that help you use the Power To Get Wealth. In 1992 I had $135,000 of debt and a negative $35,000 net worth. I’ve written and lectured on managing finances since 1993 when I began to learn appropriate ways to better our family financial situation.

I have been constructively debt-free since 1998, mortgage free since January 2004, a millionaire by 2012, and a multi-millionaire shortly thereafter while giving abundantly to fund the gospel of our LORD Jesus Christ. The same power is available to help you break chains of bondage and enter The Wealthy Place!

https://www.westbowpress.com/en/bookstore/bookdetails/817195-power-to-get-wealth

7-28-21 Daily Word

LORD, you’re familiar with all my ways, you search & know me, when I sit and rise, every thought, communication, action, & rest period. Thank You that by grace through faith I’m forever saved & Heaven is my home.  

Lifestyle and Financial Principles

No one can claim to be so different that he or she does not need to worship, praise, pray, study scripture, fellowship with a local Church of believers, and serve others (minister) in ways that honor the LORD. Though we are unique in many ways and each person may have a different type of work to which they are called, biblical instruction applies equally to every person in the same manner. Those who want blessing & reward from Almighty God will be transformed by the renewing of their minds and thus conformed to His image (living life and carrying out our work according to His instructions). The following weapons of spiritual warfare are needed for the financial realm of our lives to build the character and habits in us that our LORD desires to help us carry out His purpose: The Great Commandment & The Great Commission placed on our individual lives and the Church.

Eleven Biblical Principles for Financial Freedom & Wealth Building

1) God owns everything – you are His steward (estate / money manager):

1Chronicles 29:11, Psalm 50:10-12, 1Corinthians 10:26, Revelation 4:11

2) Work to be fruitful and produce income:

Genesis 2:15, Ephesians 4:27-28, 2 Thessalonians 3:6-11

3) Show contentment:

Luke 3:14, Philippians 4:11, 1Timothy 6:8

4) Sacrifice to initiate God’s plan for your ministry & blessing:

Romans 12:1, Philippians 4:18, Hebrews 11:4

5) Show self-control:

Proverbs 25:28, 1Corinthians 7:5, 9:25, Galatians 5:22-23

6) Tithe and give offerings from increase:

Genesis 14:20, Malachi 3:8-12, Matthew 23:23, Hebrews 7:8

7) Budget- tell your income what to do:

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

8) Eliminate all debt:

Deuteronomy 28:12, 15, 44, Proverbs 22:6-7, Romans 13:8

9) Do not cosign for anyone:

Proverbs 6:1-2, Proverbs 11:15, Proverbs 17:18

10) Save & Invest:

Proverbs 13:23, Proverbs 21:20, Matthew 25:14-30, Luke 19:12-27

11) Diversify savings & investments:

Proverbs 15:22, Ecclesiastes 11:2, Matthew 25:14, Luke 19:12

Seven Focused Steps to Financial Freedom

(methods based on the principles noted above)

1) Budget: Tell your money what to do – plan at least 3 months into the future.

a. Subtract all your current spending each month or pay period from your net income to show you where you are currently and help you decide what needs to change to be able to become debt free and build wealth

b. If your situation is too messed up right now to achieve financial freedom you may need to cut retirement and non-essential pay roll deductions and other expenses and find other income producing options

2) Build a $1,000 first tier emergency fund

a. You may be able to do this and the rest of the steps while also contributing to tax deferred plan to get employer match if you can do so and pay off all debt within the next 2 years

3) Pay off all non-mortgage debt as quickly as possible

4) Invest at least 10% of your gross income each pay period including funding tax deferred retirement vehicles up to the employer matching percentage, if you are not already doing so

5) Build your emergency fund to $10,000

6) Pay off all your mortgage debt

a. Income producing properties could be paid off in step number three if they do not have very large mortgages

b. Alternately, you may need to consider selling them earlier in the process in order to use the equity / profits to more quickly become debt free

7) Use the tremendous surplus income (cash flow) you now have each month in order to give more abundantly and build great wealth

MoneyWalk 111 Rich People’s Responsibility

This program will help you undo financial bondage.

Most people’s desires ramp up and their hearts start racing when they read articles or hear stories about people who made millions. They hope to receive a huge inheritance or get a prosperity plan from a rich person so they can eventually be one of whom the story is told. Some want riches to spend upon their own lusts believing the greatest human priority is to live in ease with the finest material trappings. They believe people should purchase all the luxury items they desire and then the necessities of life will take care of themselves. Others simply don’t know God’s purpose for man and for their life in particular. Many simply do not know who and what they should love and pursue.

The Bible tells us not to love money or have our eyes set on the pleasures of this earth as the highest priority. Yet, it lets us know through many stories and instructions that money, bartering, and resources are necessary mediums of exchange that everyone will deal with and that faithful followers should make efforts to increase our resources for furtherance of the gospel in the earth. In fact, the bible clearly shows that, even in the midst of persecution, God blessed many believers with great material riches and they were able to live in a greater level of physical and financial comfort while partnering with Him to minister in the earth by giving great sums of money and resources toward the proclamation of the gospel of Jesus Christ.

Though most people want the luxurious earthly lifestyle that could be purchased with riches, many don’t want the responsibility of doing what God requires and don’t want to hear about good stewardship because they might be convicted by not obeying biblical instruction. Yet, in order for your riches to have meaning and benefit beyond this temporal life on earth, you must do the things that make your life fruitful regardless of whether riches have yet come your way. Walking in such principles while you have little allows Heaven’s windows to be opened to you so God’s treasures can be poured upon you. Then, after you become wealthy, you will continue to walk in intimacy with Him and according to biblical financial principles. Heaven’s windows will be continually open with treasures poured upon you, so you always have an abundance for every good work.

Biblically speaking, each rich person is supposed to reverence and honor God, giving abundantly to spread the gospel and doing good works in proportion to the riches entrusted to him or her. So, if you truly dream of being rich understand your responsibilities in Christ and begin to perform them now without excuse because it is NOT likely you would perform them if you come into riches without having done them. Begin your wealth-building plan by consistently giving one tenth of your gross income plus an offering to your local church and continue throughout your life by giving as abundantly to ministry as you desire to lavish upon yourself.

No matter what your current status in life, true fulfillment comes only from relationship with God and the best financial growth comes only by employing His system of managing money and resources. Remember only what you do for Christ will produce rewards that last throughout eternity!

Luke 12:15-21, 2Corinthians 9:6-13, 1Timothy 6:17-19, James 5:1-11

Please pray for this ministry, forward these articles to other people who need helpful insight, and contact me to speak at your business or ministry conference or workshop. May the LORD bless you richly as you follow His plan!

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 help you!

https://www.westbowpress.com/en/bookstore/bookdetails/817195-power-to-get-wealth

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

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