“How wonderful it is that we believe in modern revelation. I cannot get over the feeling that if revelation were needed anciently, when life was simple, that revelation is also needed today, when life is complex. There never was a time in the history of the earth when men needed revelation more than they need it now.  
“I want to testify to you, my brothers and sisters, that the book of revelation is not closed. God directs this day and time and speaks as certainly today as He did in the days of Abraham and Isaac and Jacob” (meeting, Madrid, Spain, May 29, 2004).

Mormon.org - Revelation 

Ben H answered…

"It's revelatory. Let me explain. We as "Latter-day Saints" follow the gospel of Jesus Christ in it's fullness. Everything that Christ has ever taught He has once again revealed through a modern prophet. This fullness allows us, as members of Christ's church, to receive constant revelation. This is one of the things that makes us different from other churches. We are based almost entirely around receiving revelation, or direction from God. We use the gift of the Holy Ghost, which we have by the laying on of hands by someone who has authority from God, to get revelation from God. We get revelation from God through the prophet, Thomas Monson. We get revelation from God through church attendance and temple worship. We get revelation from God through prayer and scripture study. And all of this revelation is so that God can tell us Himself what we need to do to get back to Him. No other Church has the amount of revelation, not to say that they we are better, just that they're missing out. The lifestyle that we live is, ideally, 100 percent guided by God's Holy Spirit. None of us are perfect, so no one quite attains the full 100 percent, but at least the option is there. "

The ninth Article of Faith states:"We believe all that God has revealed, all that he does now reveal, and we believe that he will yet reveal many great and important things pertaining to the Kingdom of God."

LDS Newsroom - Modern Revelation 

"Belief in prophets and apostles at the head of the Church does not mean that members blindly follow their leaders. While the prophet of God receives revelation and inspiration to guide the Church as a whole, revelation flows at every level, including to the leaders of congregations and to individual families and members. In fact, individual members are expected to seek that kind of divine guidance to help them in their own lives, in their responsibilities in the Church and even in temporal pursuits, including their occupations. Members are also expected to prayerfully seek their own “testimony” or conviction of the principles their leaders teach them."

David A. Bednar - The Spirit of Revelation

"The spirit of revelation is available to every person who receives by proper priesthood authority the saving ordinances of baptism by immersion for the remission of sins and the laying on of hands for the gift of the Holy Ghost—and who is acting in faith to fulfill the priesthood injunction to “receive the Holy Ghost.” This blessing is not restricted to the presiding authorities of the Church; rather, it belongs to and should be operative in the life of every man, woman, and child who reaches the age of accountability and enters into sacred covenants. Sincere desire and worthiness invite the spirit of revelation into our lives."

MormonWiki - Revelation

"Revelation is defined as "communication from God to His children on earth. Revelation may come through the Light of Christ and the Holy Ghost by way of inspiration, visions, dreams, or visits by angels. Revelation provides guidance that can lead the faithful to eternal salvation in the celestial kingdom." Mormonism, like the Religious Society of Friends (Quakers), is rare among Christian denominations in that it asserts that revelation is continuous; much modern revelation has been received and is recorded in the Scriptures of the Mormon Church. 

Video: Jeffrey R. Holland - God's Words Never Cease

"Some Christians, in large measure because of their genuine love for theBible, have declared that there can be no more authorized scripture beyond the Bible. In thus pronouncing the canon of revelation closed, our friends in some other faiths shut the door on divine expression that we in The Church of Jesus Christ of Latter-day Saints hold dear: the Book of Mormon, the Doctrine and Covenants, the Pearl of Great Price, and the ongoing guidance received by God’s anointed prophets and apostles. Imputing no ill will to those who take such a position, nevertheless we respectfully but resolutely reject such an unscriptural characterization of true Christianity."   Read the entire talk HERE.

Kathryn Skaggs

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