KFLCC Kingdom Economics

Breaking the Fear of Financial Provision for the End Time

separately for about $600. I call some of these dealers the “scrap jewelry con men.” A person who plans to sell their jewelry should research the important information in advance and receive several estimates. If possible, do business face to face. Ask a knowledgeable friend to accompany you, especially if you might be perceived as an easy target. Also be aware that you will never receive the price that you originally paid for your jewelry when you sell it in this manner. You might receive one fourth of the original price when selling to someone who plans to resell it. Selling to another individual without a middle man could bring you a better price. 5. S PEND W ISELY Another important principle is to learn to spend wisely. It is important in business, ministry and personal life to find as many ways as possible to save money and thereby protect your income. In our ministry, we have a weekly telecast that costs $4.4 million dollars a year for air time on over seventy stations and networks. This is about $370,000 a month or $85,000 a week. When we began to negotiate contracts in the late 1990s, we learned several important things. First, many networks pay a certain percentage to agents that are hired to purchase air time for a client. This percentage is automatically in the rate quoted by the station. Second, many stations are concerned about a client paying their bills on time, and if a client will pay in advance, a discount is often given. Since my office manager and I were personally involved in purchasing the air time with no agent involved, I asked the stations to deduct the percentage in the price quoted that would be given to an agent. We then told each station that we would pay one year in advance on the condition of an additional discount. We also requested special pricing if we were on all of the network’s stations, and not just the larger ones in the cities. Through this, we were able to save the ministry hundreds of thousands of dollars. Also, by paying a year in advance, we keep ourselves from receiving and paying dozens of different bills every month. This also opens the door to other networks, as we are not a risk to carry. Another problem that happens occasionally is that, when a person gets in hand a large sum of money—perhaps through a business deal, an inheritance, a large bonus and so on, the person unwisely goes on a spending spree. They might buy new clothes, a new car, new furniture, a larger home and so on. Then later

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