Financial Ministry


The MRHerrera web site is here to offer you encouragement and tools to help you achieve financial freedom.

I lead financial freedom classes at our church. I counsel people individually on getting out-of-debt. Above all, I am Christian. I believe that God owns it all and we are His stewards. I hope that this site provides you with the information and tools you need to help you achieve financial freedom.

Is debt something that you are experiencing? Do you have too little paycheck for too many bills? Do you want to get out from under debt? Are you and your spouse constantly arguing about money?

If you answered yes to these questions, you can get help here. A series of posts will written to help you out he steps to get out of debt are few, but the process 

“Bring the whole tithe into the storehouse, that there may be food in my house. Test me in this,” says the Lord Almighty, “and see if I will not throw open the floodgates of heaven and pour out so much blessing that there will not be room enough to store it.” – Malachi 3:10

piggy bank
Consumption Junkie

Consumption Junkie (CJ) is someone who wants the latest model of everything. They don’t stop to think about the true cost of consumption. The CJ’s will just buy and charge. A cell company announces that their new model of phone will be released soon. The CJ will start to think that their phone is old. It’s last year’s or the year’s before model. The new model will have all these new features that their current phone doesn’t. Who cares if the current one it still works. Who cares that they still haven’t paid off their current phone. MasterCard, Visa, American Express, or Discover certainly won’t care. They’ll love all the interest they’ll collect.

Wage A War On Debt
Wage a war on consumer debt

Don’t you want to wage a war on debt? That’s right, you don’t want to just reduce it; you want to annihilate it! You want it gone, blasted out of your life. Unfortunately, you might feel overwhelmed by it. I want you to know that you can wage a war on debt. You need to become determined, focused, and a soldier to tackle your debt. If you are working, your first step is to figure out how much debt you have. Stop being an ostrich and pull out and yes, open your bills. The only bills you really need are your current statements. Those from past months that you have shoved away somewhere can be shredded. . Don’t just toss them in the garbage. 

Individual Retirement Arrangements
Individual Retirement Arrangements

There have been several tax law changes during 2018 that are affecting Individual Retirement Arrangement (IRA) planning strategies for 2018. This column reviews five of these strategies.
1. Roth IRA conversion
The Tax Cuts and Jobs Act of 2017 (TCJA) eliminated the ability to reverse or to “recharacterize” Roth conversions performed after Dec. 31, 2017. Before TCJA, if a Roth IRA conversion resulted in an unexpectedly high income tax bill, or if the IRA owner simply changed his or her mind about converting his or her traditional IRA to a Roth IRA, , then the conversion could be reversed by recharacterizing the Roth IRA funds back 

What's Holding You Back
What's Holding You Back

What’s holding you back from being debt-free? Is it …

  1. your spouse;
  2. you don’t make enough money;
  3. you don’t have time;
  4. you have too much debt;
  5. or something else.

Did you choose one? Write it down because we are going to address it. Ready? No matter, which of the five you choose it is not the real reason you are not debt-free. You read that right. None of those are the real reason. Why? Because those are just your excuse. The one and only reason you are not debt-free is you. 


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