Latest / Becoming Financially Confident / Diversification: Why shouldn’t I put all my eggs in one basket?

Transcript

Diversification: Why shouldn’t I put all my eggs in one basket? · Becoming Financially Confident

• 0:37
  Have
• 0:37
  you
• 0:37
  ever
• 0:38
  heard
• 0:38
  that
• 0:38
  saying,
• 0:39
  don't
• 0:39
  put
• 0:39
  all
• 0:39
  your
• 0:39
  eggs
• 0:39
  in
• 0:40
  one
• 0:40
  basket.
• 0:41
  It's
• 0:41
  kind
• 0:41
  of
• 0:41
  an
• 0:42
  interesting
• 0:42
  way
• 0:42
  to
• 0:42
  think
• 0:42
  about
• 0:42
  it.
• 0:43
  We're
• 0:43
  going
• 0:43
  to
• 0:43
  talk
• 0:43
  about
• 0:43
  a
• 0:43
  big
• 0:43
  word
• 0:44
  today
• 0:44
  and
• 0:44
  it's
• 0:44
  called
• 0:44
  diversification.
• 0:46
  And
• 0:46
  I
• 0:46
  got
• 0:46
  this
• 0:46
  great
• 0:47
  question
• 0:47
  from
• 0:47
  a
• 0:47
  listener.
• 0:48
  They
• 0:49
  said,
• 0:49
  Ralph,
• 0:49
  I
• 0:50
  keep
• 0:50
  hearing
• 0:50
  that
• 0:50
  I
• 0:50
  should
• 0:51
  diversify,
• 0:52
  but
• 0:52
  I'm
• 0:52
  not
• 0:52
  even
• 0:52
  sure
• 0:53
  what
• 0:53
  that
• 0:53
  really
• 0:53
  means.
• 0:55
  How
• 0:55
  do
• 0:55
  I
• 0:55
  know
• 0:55
  if
• 0:55
  I'm
• 0:56
  actually
• 0:56
  diversified?
• 0:57
  And
• 0:58
  I
• 0:58
  thought
• 0:58
  that's
• 0:58
  a
• 0:58
  great
• 0:59
  way
• 0:59
  to
• 0:59
  look
• 0:59
  at
• 0:59
  this
• 1:00
  because
• 1:00
  so
• 1:00
  many
• 1:01
  people
• 1:01
  hear
• 1:01
  a
• 1:01
  big
• 1:01
  word
• 1:02
  like
• 1:02
  diversification,
• 1:03
  a
• 1:03
  fancy
• 1:03
  word,
• 1:04
  and
• 1:04
  they
• 1:05
  wonder,
• 1:05
  what
• 1:05
  is
• 1:05
  Ralph
• 1:06
  talking
• 1:06
  about
• 1:06
  today?
• 1:06
  I
• 1:07
  threw
• 1:07
  some
• 1:07
  big
• 1:07
  words
• 1:07
  out
• 1:08
  as
• 1:08
  we
• 1:08
  talked
• 1:08
  about
• 1:08
  this
• 1:08
  investment
• 1:09
  series,
• 1:10
  but
• 1:10
  it's
• 1:10
  really
• 1:11
  a
• 1:11
  fancy
• 1:11
  word
• 1:11
  for
• 1:12
  a
• 1:12
  very
• 1:12
  simple
• 1:13
  truth.
• 1:13
  And
• 1:14
  that's
• 1:14
  don't
• 1:14
  put
• 1:14
  all
• 1:15
  your
• 1:15
  eggs
• 1:15
  in
• 1:15
  one
• 1:15
  basket.
• 1:17
  Because
• 1:17
  the
• 1:17
  truth
• 1:18
  is
• 1:18
  if
• 1:18
  you
• 1:18
  do
• 1:18
  that,
• 1:18
  if
• 1:18
  you
• 1:19
  put
• 1:19
  all
• 1:19
  those
• 1:19
  eggs
• 1:19
  in
• 1:19
  one
• 1:20
  basket,
• 1:20
  you
• 1:21
  make
• 1:21
  one
• 1:21
  wrong
• 1:21
  move.
• 1:22
  Let's
• 1:23
  just
• 1:23
  say
• 1:23
  you
• 1:23
  own
• 1:23
  some
• 1:24
  stock
• 1:24
  and
• 1:24
  let's
• 1:24
  say
• 1:24
  you
• 1:24
  decide,
• 1:25
  I'm
• 1:25
  just
• 1:25
  going
• 1:25
  to
• 1:25
  buy
• 1:26
  one
• 1:26
  single
• 1:26
  stock.
• 1:27
  Well,
• 1:28
  if
• 1:28
  that
• 1:28
  stock
• 1:28
  takes
• 1:29
  a
• 1:29
  hit
• 1:29
  in
• 1:29
  value,
• 1:30
  guess
• 1:30
  what,
• 1:31
  you
• 1:31
  get
• 1:31
  hurt.
• 1:32
  So
• 1:32
  diversification
• 1:33
  is
• 1:33
  really
• 1:33
  nothing
• 1:34
  more
• 1:34
  than
• 1:34
  spreading
• 1:35
  out
• 1:35
  your
• 1:35
  money
• 1:35
  over
• 1:36
  multiple
• 1:36
  investments
• 1:37
  because
• 1:37
  in
• 1:37
  the
• 1:37
  end
• 1:38
  it
• 1:38
  helps
• 1:38
  protect
• 1:38
  you.
• 1:39
  So
• 1:39
  on
• 1:39
  today's
• 1:40
  show,
• 1:40
  let's
• 1:40
  protect
• 1:41
  those
• 1:41
  investment
• 1:41
  eggs.
• 1:44
  This
• 1:44
  is
• 1:44
  Financially
• 1:45
  Confident
• 1:45
  Christian,
• 1:46
  your
• 1:46
  daily
• 1:47
  dose
• 1:47
  of
• 1:47
  gospel,
• 1:47
  grounded
• 1:48
  insight
• 1:48
  and
• 1:49
  faith
• 1:49
  driven
• 1:49
  tips
• 1:50
  to
• 1:50
  help
• 1:50
  you
• 1:50
  break
• 1:51
  the
• 1:51
  cycle
• 1:51
  of
• 1:51
  financial
• 1:52
  shame
• 1:52
  with
• 1:52
  confidence.
• 1:55
  Hello
• 1:56
  there.
• 1:56
  Welcome
• 1:56
  to
• 1:56
  the
• 1:56
  show.
• 1:57
  I
• 1:57
  just
• 1:57
  want
• 1:57
  to
• 1:57
  thank
• 1:57
  you
• 1:58
  for
• 1:58
  joining
• 1:58
  me.
• 1:59
  I
• 1:59
  truly
• 1:59
  appreciate
• 1:59
  the
• 2:00
  confidence
• 2:00
  you
• 2:00
  put
• 2:00
  in
• 2:00
  me
• 2:01
  every
• 2:01
  day.
• 2:01
  And
• 2:01
  the
• 2:01
  truth
• 2:02
  is,
• 2:02
  in
• 2:02
  my
• 2:02
  30
• 2:03
  year
• 2:03
  career,
• 2:04
  I've
• 2:04
  seen
• 2:04
  people
• 2:05
  lose
• 2:05
  big.
• 2:05
  I'm
• 2:06
  talking
• 2:06
  about
• 2:06
  big
• 2:07
  losses
• 2:08
  when
• 2:08
  they
• 2:08
  had
• 2:08
  money
• 2:09
  just
• 2:09
  in
• 2:09
  a
• 2:09
  single
• 2:09
  company.
• 2:11
  All
• 2:11
  of
• 2:11
  us
• 2:11
  have
• 2:11
  heard
• 2:11
  about
• 2:12
  those
• 2:12
  sure
• 2:12
  things
• 2:12
  at
• 2:13
  work.
• 2:13
  Think
• 2:13
  about
• 2:13
  the
• 2:13
  water
• 2:14
  cooler
• 2:14
  talk
• 2:14
  we
• 2:14
  had
• 2:15
  with
• 2:15
  that
• 2:15
  friend
• 2:16
  from
• 2:16
  work
• 2:16
  or
• 2:16
  that
• 2:16
  colleague
• 2:17
  and
• 2:17
  they
• 2:17
  said,
• 2:17
  oh,
• 2:18
  you
• 2:18
  absolutely
• 2:19
  have
• 2:19
  to
• 2:19
  invest
• 2:19
  in
• 2:19
  this.
• 2:19
  This
• 2:20
  is
• 2:20
  a
• 2:20
  sure
• 2:20
  thing.
• 2:21
  But
• 2:22
  the
• 2:22
  truth
• 2:22
  is
• 2:23
  you
• 2:23
  got
• 2:23
  to
• 2:23
  be
• 2:23
  careful
• 2:24
  of
• 2:24
  those.
• 2:25
  And
• 2:25
  that's
• 2:25
  why
• 2:25
  I
• 2:25
  want
• 2:25
  to
• 2:25
  talk
• 2:25
  about
• 2:26
  diversification
• 2:26
  today.
• 2:27
  Because
• 2:27
  many
• 2:28
  times
• 2:28
  in
• 2:28
  my
• 2:28
  30
• 2:28
  year
• 2:29
  career
• 2:29
  I've
• 2:29
  helped
• 2:30
  people
• 2:30
  weather
• 2:30
  the
• 2:30
  storms.
• 2:31
  And
• 2:31
  listen,
• 2:31
  if
• 2:31
  you're
• 2:31
  in
• 2:31
  the
• 2:32
  market,
• 2:32
  there
• 2:32
  are
• 2:33
  going
• 2:33
  to
• 2:33
  be
• 2:33
  storms
• 2:34
  in
• 2:34
  the
• 2:34
  market.
• 2:34
  Let
• 2:34
  me
• 2:34
  tell
• 2:34
  you
• 2:34
  about
• 2:35
  a
• 2:35
  story.
• 2:35
  I
• 2:35
  had
• 2:35
  a
• 2:35
  client
• 2:35
  one
• 2:36
  time,
• 2:36
  this
• 2:37
  client
• 2:37
  was
• 2:37
  a
• 2:37
  very
• 2:38
  good
• 2:38
  person
• 2:39
  as
• 2:39
  far
• 2:39
  as
• 2:39
  understanding
• 2:40
  investments.
• 2:40
  But
• 2:41
  the
• 2:41
  problem
• 2:41
  was
• 2:41
  they
• 2:41
  worked
• 2:42
  for
• 2:42
  a
• 2:42
  company
• 2:42
  and
• 2:43
  they
• 2:43
  had
• 2:43
  all
• 2:43
  their
• 2:43
  investments
• 2:44
  in
• 2:44
  that
• 2:44
  company
• 2:45
  and
• 2:45
  I
• 2:45
  understood
• 2:45
  that
• 2:46
  they
• 2:46
  were
• 2:46
  bought
• 2:47
  into
• 2:47
  it.
• 2:47
  They
• 2:47
  work
• 2:48
  there.
• 2:48
  They
• 2:48
  really
• 2:48
  were
• 2:49
  a
• 2:49
  believer
• 2:49
  in
• 2:50
  that
• 2:50
  company.
• 2:51
  But
• 2:51
  the
• 2:51
  problem
• 2:51
  is
• 2:52
  the
• 2:52
  economy
• 2:53
  took
• 2:53
  a
• 2:53
  hit,
• 2:53
  the
• 2:53
  company
• 2:54
  struggled.
• 2:55
  This
• 2:55
  person
• 2:55
  ended
• 2:56
  up
• 2:56
  losing
• 2:56
  his
• 2:56
  job.
• 2:56
  And
• 2:57
  the
• 2:57
  problem
• 2:57
  is
• 2:57
  when
• 2:57
  he
• 2:57
  lost
• 2:57
  his
• 2:58
  job,
• 2:58
  he
• 2:58
  not
• 2:58
  just
• 2:58
  lost
• 2:59
  his
• 2:59
  current
• 2:59
  income,
• 3:00
  but
• 3:00
  he
• 3:01
  lost
• 3:01
  most
• 3:01
  of
• 3:01
  his
• 3:01
  retirement
• 3:02
  investments,
• 3:03
  all
• 3:03
  because
• 3:04
  he
• 3:04
  was
• 3:04
  all
• 3:04
  in
• 3:05
  that
• 3:05
  one
• 3:05
  thing.
• 3:05
  He
• 3:05
  had
• 3:06
  all
• 3:06
  his
• 3:06
  eggs
• 3:06
  in
• 3:06
  one
• 3:06
  basket
• 3:07
  for
• 3:07
  diversification.
• 3:08
  Because
• 3:08
  the
• 3:08
  truth
• 3:08
  is,
• 3:08
  diversification
• 3:10
  would
• 3:10
  have
• 3:10
  prevented
• 3:11
  this.
• 3:12
  And
• 3:12
  I
• 3:12
  love
• 3:12
  what
• 3:12
  Warren
• 3:13
  Buffett
• 3:13
  says.
• 3:13
  I've
• 3:13
  used
• 3:13
  Warren
• 3:14
  Buffett
• 3:14
  on
• 3:14
  this
• 3:14
  show
• 3:14
  a
• 3:15
  couple
• 3:15
  times
• 3:15
  now.
• 3:16
  And
• 3:16
  he
• 3:16
  had
• 3:16
  this
• 3:16
  great
• 3:17
  quote.
• 3:17
  And
• 3:17
  I
• 3:17
  think
• 3:17
  we
• 3:17
  just
• 3:18
  really
• 3:18
  need
• 3:18
  to
• 3:18
  take
• 3:18
  a
• 3:18
  minute
• 3:18
  and
• 3:19
  think
• 3:19
  about
• 3:19
  this.
• 3:20
  What
• 3:20
  Warren
• 3:21
  said
• 3:21
  was
• 3:21
  this.
• 3:21
  He
• 3:22
  said,
• 3:22
  diversification
• 3:23
  is
• 3:23
  protection
• 3:23
  against
• 3:24
  ignorance.
• 3:25
  It's
• 3:25
  how
• 3:25
  everyday
• 3:26
  investors
• 3:26
  avoid
• 3:27
  disaster.
• 3:28
  And
• 3:29
  I
• 3:29
  thought
• 3:29
  about
• 3:29
  that
• 3:29
  for
• 3:30
  a
• 3:30
  second.
• 3:30
  That
• 3:30
  is
• 3:30
  a
• 3:30
  great
• 3:31
  quote
• 3:31
  from
• 3:31
  Warren.
• 3:32
  Now,
• 3:33
  this
• 3:33
  might
• 3:33
  come
• 3:33
  off
• 3:33
  as
• 3:33
  being
• 3:34
  a
• 3:34
  little
• 3:34
  brash,
• 3:34
  but
• 3:35
  basically
• 3:35
  what
• 3:36
  he's
• 3:36
  saying
• 3:36
  is
• 3:36
  don't
• 3:36
  be
• 3:36
  ignorant.
• 3:38
  Diversify.
• 3:39
  Don't
• 3:39
  leave
• 3:39
  all
• 3:39
  those
• 3:40
  eggs
• 3:40
  in
• 3:40
  one
• 3:40
  basket.
• 3:41
  And
• 3:42
  now
• 3:42
  you're
• 3:42
  probably
• 3:42
  thinking,
• 3:42
  okay,
• 3:43
  Ralph,
• 3:43
  I
• 3:43
  get
• 3:43
  it.
• 3:44
  I'm
• 3:44
  going
• 3:44
  to
• 3:44
  the
• 3:44
  grocery
• 3:45
  store,
• 3:45
  I
• 3:45
  put
• 3:46
  my
• 3:46
  eggs
• 3:46
  in
• 3:46
  a
• 3:46
  nice
• 3:46
  container
• 3:47
  so
• 3:47
  they
• 3:47
  don't
• 3:47
  get
• 3:47
  broken.
• 3:48
  I'm
• 3:48
  going
• 3:48
  to
• 3:49
  do
• 3:49
  the
• 3:49
  same
• 3:49
  thing
• 3:49
  with
• 3:49
  my
• 3:49
  investments.
• 3:51
  But
• 3:51
  now
• 3:51
  you're
• 3:51
  saying,
• 3:51
  Ralph,
• 3:52
  how
• 3:52
  do
• 3:52
  I
• 3:52
  make
• 3:52
  that
• 3:52
  happen?
• 3:53
  How
• 3:53
  do
• 3:53
  I
• 3:53
  actually
• 3:54
  put
• 3:54
  that
• 3:54
  into
• 3:54
  practice?
• 3:56
  And
• 3:56
  the
• 3:56
  truth
• 3:56
  is,
• 3:57
  it's
• 3:57
  really
• 3:57
  all
• 3:57
  about
• 3:57
  balance.
• 3:58
  This
• 3:59
  whole
• 3:59
  30
• 3:59
  day
• 4:00
  investment
• 4:00
  series,
• 4:01
  if
• 4:01
  you
• 4:01
  really
• 4:02
  want
• 4:02
  to
• 4:02
  boil
• 4:02
  it
• 4:02
  down,
• 4:02
  is
• 4:03
  all
• 4:03
  about
• 4:03
  balance.
• 4:03
  And
• 4:04
  I
• 4:04
  think
• 4:04
  about
• 4:04
  one
• 4:04
  of
• 4:05
  the
• 4:05
  founding
• 4:05
  fathers
• 4:05
  of
• 4:06
  America.
• 4:06
  His
• 4:06
  name
• 4:06
  was
• 4:06
  Ben
• 4:07
  Franklin.
• 4:07
  We've
• 4:07
  heard
• 4:07
  a
• 4:08
  lot
• 4:08
  of
• 4:08
  things
• 4:08
  about
• 4:08
  Ben
• 4:09
  Franklin.
• 4:10
  But
• 4:10
  one
• 4:10
  of
• 4:10
  the
• 4:10
  things
• 4:10
  that
• 4:11
  Ben
• 4:11
  Franklin
• 4:11
  said
• 4:12
  so
• 4:12
  many
• 4:12
  times
• 4:12
  was
• 4:12
  do
• 4:13
  all
• 4:13
  things
• 4:13
  in
• 4:13
  moderation.
• 4:15
  And
• 4:15
  that's
• 4:15
  really
• 4:15
  what
• 4:15
  we're
• 4:15
  talking
• 4:16
  about
• 4:16
  here.
• 4:16
  Don't
• 4:17
  go
• 4:17
  to
• 4:17
  any
• 4:17
  extreme
• 4:18
  with
• 4:18
  one
• 4:18
  particular
• 4:19
  investment.
• 4:20
  Because
• 4:20
  the
• 4:21
  truth
• 4:21
  is,
• 4:21
  and
• 4:21
  this
• 4:21
  is
• 4:21
  what
• 4:22
  diversification
• 4:22
  really,
• 4:23
  what
• 4:23
  it
• 4:23
  really
• 4:23
  means
• 4:24
  when
• 4:25
  one
• 4:25
  investment
• 4:25
  struggles,
• 4:26
  those
• 4:27
  other
• 4:27
  things
• 4:27
  in
• 4:27
  the
• 4:27
  basket
• 4:28
  help
• 4:28
  to
• 4:28
  balance
• 4:29
  that.
• 4:29
  It's
• 4:29
  sort
• 4:29
  of
• 4:29
  like
• 4:29
  your
• 4:30
  rescue.
• 4:31
  Now,
• 4:31
  I'm
• 4:31
  not
• 4:32
  just
• 4:32
  talking
• 4:32
  about
• 4:32
  different
• 4:32
  stocks.
• 4:33
  A
• 4:33
  lot
• 4:33
  of
• 4:33
  people
• 4:33
  say,
• 4:33
  okay,
• 4:34
  Ralph,
• 4:34
  you
• 4:35
  could
• 4:35
  just
• 4:35
  put
• 4:35
  different
• 4:35
  stocks,
• 4:36
  buy
• 4:36
  different
• 4:36
  stocks.
• 4:37
  That's
• 4:37
  not
• 4:37
  at
• 4:37
  all
• 4:37
  what
• 4:37
  I'm
• 4:37
  talking
• 4:37
  about,
• 4:38
  actually.
• 4:38
  I'm
• 4:39
  talking
• 4:39
  about
• 4:39
  going
• 4:39
  a
• 4:39
  little
• 4:39
  deeper
• 4:40
  and
• 4:40
  I'm
• 4:40
  talking
• 4:41
  about
• 4:41
  mixing
• 4:41
  those
• 4:42
  things
• 4:42
  across
• 4:42
  assets.
• 4:43
  Now
• 4:43
  that's
• 4:43
  another
• 4:43
  big
• 4:44
  accounting
• 4:44
  word.
• 4:44
  A
• 4:44
  lot
• 4:44
  of
• 4:44
  people
• 4:45
  think,
• 4:45
  what
• 4:45
  does
• 4:45
  assets
• 4:46
  mean?
• 4:46
  What
• 4:47
  I
• 4:47
  mean
• 4:47
  by
• 4:47
  that
• 4:47
  is
• 4:48
  different
• 4:48
  types
• 4:48
  of
• 4:49
  investments.
• 4:49
  For
• 4:49
  example,
• 4:50
  maybe
• 4:50
  you
• 4:51
  invest
• 4:51
  in
• 4:51
  stocks,
• 4:52
  you
• 4:52
  can
• 4:52
  buy
• 4:52
  different
• 4:53
  stocks.
• 4:53
  Maybe
• 4:53
  you
• 4:53
  invest
• 4:54
  in
• 4:54
  bonds,
• 4:54
  they're
• 4:55
  not
• 4:55
  in
• 4:55
  the
• 4:55
  stock
• 4:55
  market.
• 4:56
  Or
• 4:56
  maybe
• 4:57
  you
• 4:57
  do
• 4:57
  cash.
• 4:57
  Now,
• 4:57
  when
• 4:58
  I
• 4:58
  Use
• 4:58
  the
• 4:58
  word
• 4:58
  cash.
• 4:59
  I
• 4:59
  mean,
• 4:59
  things
• 4:59
  like
• 4:59
  certificates
• 5:00
  of
• 5:00
  deposit
• 5:01
  or
• 5:01
  maybe
• 5:02
  money
• 5:02
  market
• 5:03
  accounts
• 5:03
  with
• 5:03
  the
• 5:03
  bank.
• 5:04
  But
• 5:04
  not
• 5:04
  having
• 5:05
  all
• 5:05
  those
• 5:05
  things
• 5:06
  under
• 5:06
  just
• 5:06
  one
• 5:06
  thing.
• 5:07
  Because
• 5:07
  here's
• 5:07
  the
• 5:07
  truth.
• 5:09
  Each
• 5:09
  of
• 5:09
  these
• 5:09
  different
• 5:10
  asset
• 5:10
  classes
• 5:11
  behave
• 5:11
  differently,
• 5:12
  and
• 5:12
  they
• 5:13
  behave
• 5:13
  differently
• 5:13
  intentionally.
• 5:14
  So.
• 5:14
  For
• 5:15
  example,
• 5:15
  let's
• 5:16
  say
• 5:16
  the
• 5:16
  stock
• 5:16
  market
• 5:17
  is
• 5:17
  having
• 5:17
  a
• 5:17
  downturn.
• 5:18
  But
• 5:19
  what
• 5:19
  we've
• 5:19
  seen
• 5:19
  traditionally
• 5:20
  is
• 5:20
  the
• 5:20
  bond
• 5:20
  market
• 5:21
  will
• 5:21
  come
• 5:21
  up.
• 5:22
  Maybe
• 5:22
  the
• 5:22
  bond
• 5:23
  market
• 5:23
  is
• 5:23
  not
• 5:23
  doing
• 5:23
  well.
• 5:24
  That's
• 5:24
  when
• 5:24
  the
• 5:24
  stock
• 5:25
  market
• 5:25
  might
• 5:25
  rally.
• 5:25
  Or
• 5:25
  Maybe
• 5:26
  that's
• 5:26
  when
• 5:26
  CDs
• 5:27
  or
• 5:27
  money
• 5:28
  market
• 5:28
  accounts
• 5:28
  are
• 5:29
  really
• 5:29
  doing
• 5:29
  well.
• 5:30
  Because
• 5:30
  the
• 5:30
  truth
• 5:30
  is,
• 5:31
  even
• 5:31
  in
• 5:31
  the
• 5:31
  stock
• 5:32
  market,
• 5:32
  this
• 5:32
  is
• 5:32
  the
• 5:32
  thing
• 5:32
  a
• 5:32
  lot
• 5:33
  of
• 5:33
  people
• 5:33
  don't
• 5:33
  understand.
• 5:33
  Even
• 5:34
  in
• 5:34
  the
• 5:34
  stock
• 5:34
  market,
• 5:35
  we
• 5:36
  need
• 5:36
  to
• 5:36
  diversify
• 5:36
  there.
• 5:37
  Maybe
• 5:37
  we
• 5:37
  want
• 5:37
  to
• 5:37
  invest
• 5:38
  in
• 5:38
  U.S.
• 5:38
  assets,
• 5:39
  maybe
• 5:39
  we
• 5:39
  want
• 5:39
  to
• 5:39
  buy
• 5:40
  U.S.
• 5:40
  companies.
• 5:41
  Maybe
• 5:41
  we
• 5:41
  want
• 5:41
  to
• 5:41
  look
• 5:41
  internationally.
• 5:42
  There's
• 5:42
  some
• 5:42
  great
• 5:43
  international
• 5:44
  investments.
• 5:45
  Again,
• 5:45
  you
• 5:45
  have
• 5:45
  to
• 5:45
  understand
• 5:46
  what
• 5:46
  you're
• 5:47
  getting
• 5:47
  into.
• 5:47
  We
• 5:48
  also
• 5:48
  have
• 5:48
  to
• 5:48
  diversify
• 5:49
  as
• 5:49
  it
• 5:49
  relates
• 5:49
  to
• 5:50
  small
• 5:50
  and
• 5:50
  large
• 5:50
  companies.
• 5:51
  A
• 5:51
  lot
• 5:52
  of
• 5:52
  people
• 5:52
  think,
• 5:52
  well,
• 5:52
  I'm
• 5:52
  going
• 5:53
  to
• 5:53
  buy
• 5:53
  that
• 5:53
  Walmart
• 5:54
  stock,
• 5:54
  I'm
• 5:54
  going
• 5:54
  to
• 5:54
  buy
• 5:54
  that
• 5:54
  Amazon
• 5:55
  stock
• 5:55
  or
• 5:55
  whatever
• 5:55
  those
• 5:56
  big
• 5:56
  stocks
• 5:57
  are.
• 5:57
  But
• 5:57
  the
• 5:58
  truth
• 5:58
  is,
• 5:58
  there
• 5:58
  are
• 5:58
  some
• 5:59
  great
• 5:59
  diversification
• 6:00
  strategies
• 6:00
  in
• 6:01
  middle
• 6:01
  and
• 6:01
  smaller
• 6:02
  stocks.
• 6:03
  One
• 6:03
  of
• 6:03
  the
• 6:03
  things
• 6:04
  I
• 6:04
  talked
• 6:04
  about
• 6:04
  on
• 6:04
  the
• 6:04
  show
• 6:04
  a
• 6:05
  couple
• 6:05
  days
• 6:05
  ago
• 6:05
  was
• 6:06
  using
• 6:06
  money
• 6:07
  market
• 6:07
  funds
• 6:08
  or
• 6:08
  ETFs,
• 6:08
  or
• 6:09
  any
• 6:09
  of
• 6:09
  those
• 6:10
  type
• 6:10
  of
• 6:10
  investments.
• 6:10
  Because
• 6:11
  the
• 6:11
  truth
• 6:11
  is,
• 6:11
  here's
• 6:11
  the
• 6:11
  great
• 6:12
  thing
• 6:12
  about
• 6:12
  those
• 6:12
  type
• 6:12
  of
• 6:13
  things.
• 6:13
  They
• 6:14
  offer
• 6:14
  diversification
• 6:15
  in
• 6:15
  a
• 6:16
  single
• 6:16
  purchase.
• 6:16
  You're
• 6:16
  not
• 6:16
  just
• 6:17
  buying
• 6:17
  one
• 6:17
  stock.
• 6:18
  You've
• 6:18
  got
• 6:18
  a
• 6:19
  fund
• 6:19
  manager.
• 6:19
  And
• 6:20
  I
• 6:20
  want
• 6:20
  to
• 6:20
  encourage
• 6:20
  you
• 6:20
  to
• 6:20
  go
• 6:20
  check
• 6:21
  out
• 6:21
  all
• 6:21
  of
• 6:21
  our
• 6:21
  episodes.
• 6:22
  You
• 6:22
  can
• 6:22
  do
• 6:22
  all
• 6:22
  of
• 6:22
  those
• 6:22
  at
• 6:23
  Financially
• 6:23
  Confident
• 6:24
  Christian.
• 6:24
  But
• 6:24
  in
• 6:24
  the
• 6:24
  last
• 6:25
  few
• 6:25
  days,
• 6:25
  I
• 6:25
  talked
• 6:25
  about
• 6:25
  that.
• 6:27
  But
• 6:27
  the
• 6:27
  big
• 6:27
  takeaway
• 6:28
  today
• 6:29
  is
• 6:29
  you've
• 6:29
  got
• 6:29
  to
• 6:30
  do
• 6:30
  a
• 6:30
  reality
• 6:30
  check.
• 6:30
  A
• 6:30
  lot
• 6:30
  of
• 6:31
  people
• 6:31
  say,
• 6:31
  Ralph,
• 6:31
  okay,
• 6:32
  great,
• 6:32
  I'm
• 6:32
  going
• 6:32
  to
• 6:32
  diversify.
• 6:33
  I'm
• 6:34
  going
• 6:34
  to
• 6:34
  have
• 6:34
  no
• 6:34
  risk.
• 6:36
  Here's
• 6:36
  a
• 6:36
  sad
• 6:36
  truth.
• 6:37
  Unfortunately,
• 6:38
  no
• 6:38
  matter
• 6:38
  what
• 6:38
  you
• 6:38
  do,
• 6:39
  there's
• 6:39
  always
• 6:39
  going
• 6:39
  to
• 6:40
  be
• 6:40
  some
• 6:40
  risk.
• 6:40
  You
• 6:40
  can't
• 6:41
  eliminate
• 6:41
  all
• 6:41
  the
• 6:41
  risk.
• 6:42
  But
• 6:43
  by
• 6:43
  diversifying,
• 6:44
  by
• 6:44
  not
• 6:44
  putting
• 6:44
  all
• 6:44
  those
• 6:45
  eggs
• 6:45
  in
• 6:45
  one
• 6:45
  basket,
• 6:46
  you
• 6:46
  can
• 6:46
  make
• 6:46
  it
• 6:47
  more
• 6:47
  stable.
• 6:48
  Now,
• 6:48
  one
• 6:48
  of
• 6:48
  the
• 6:48
  things
• 6:48
  I
• 6:49
  like
• 6:49
  to
• 6:49
  do
• 6:49
  with
• 6:49
  the
• 6:49
  show
• 6:49
  is
• 6:50
  really
• 6:50
  dive
• 6:51
  down
• 6:51
  into
• 6:51
  Scripture.
• 6:51
  And
• 6:52
  I
• 6:52
  found
• 6:52
  a
• 6:52
  great
• 6:53
  book
• 6:53
  or
• 6:53
  a
• 6:54
  great
• 6:54
  verse
• 6:54
  from
• 6:55
  the
• 6:55
  book
• 6:55
  of
• 6:55
  Ecclesiastes.
• 6:56
  This
• 6:56
  one
• 6:56
  comes
• 6:56
  from
• 6:57
  ecclesiastes,
• 6:58
  chap.
• 6:58
  Chapter
• 6:58
  11,
• 6:59
  verse
• 6:59
  2.
• 6:59
  And
• 6:59
  I've
• 6:59
  used
• 7:00
  this
• 7:00
  the
• 7:00
  last
• 7:00
  few
• 7:00
  days
• 7:00
  as
• 7:01
  well.
• 7:01
  And
• 7:01
  this
• 7:02
  is
• 7:02
  what
• 7:02
  it
• 7:02
  says.
• 7:02
  It
• 7:02
  says,
• 7:02
  invest
• 7:03
  in
• 7:03
  seven
• 7:03
  ventures.
• 7:04
  Yes.
• 7:04
  In
• 7:04
  eight
• 7:05
  you
• 7:06
  don't
• 7:06
  know
• 7:06
  what
• 7:06
  disaster
• 7:07
  may
• 7:07
  come
• 7:07
  upon
• 7:07
  the
• 7:07
  land.
• 7:08
  And
• 7:09
  I
• 7:09
  thought,
• 7:09
  okay,
• 7:09
  Ralph,
• 7:10
  how
• 7:10
  do
• 7:10
  you
• 7:10
  apply
• 7:10
  that
• 7:10
  to
• 7:11
  diversification?
• 7:12
  And
• 7:13
  I
• 7:13
  thought
• 7:13
  about,
• 7:13
  I
• 7:13
  said,
• 7:13
  you
• 7:13
  know
• 7:13
  what
• 7:14
  this
• 7:14
  is
• 7:14
  really
• 7:14
  doing?
• 7:14
  Scripture's
• 7:15
  teaching
• 7:15
  us
• 7:16
  diversification
• 7:17
  as
• 7:17
  wisdom.
• 7:18
  What
• 7:19
  is
• 7:19
  the
• 7:19
  word
• 7:19
  saying?
• 7:19
  It
• 7:20
  says
• 7:20
  invest
• 7:20
  in
• 7:20
  seven
• 7:20
  ventures.
• 7:21
  Yes,
• 7:21
  and
• 7:21
  eight.
• 7:21
  It
• 7:21
  doesn't
• 7:22
  say
• 7:22
  to
• 7:22
  go
• 7:22
  invest
• 7:23
  in
• 7:23
  one
• 7:23
  venture.
• 7:24
  Just
• 7:24
  like
• 7:24
  my
• 7:24
  client
• 7:25
  learned.
• 7:25
  He
• 7:26
  was
• 7:26
  so
• 7:26
  sold
• 7:26
  into
• 7:27
  one
• 7:27
  thing.
• 7:27
  And
• 7:27
  I
• 7:27
  get
• 7:28
  it,
• 7:28
  he
• 7:28
  worked
• 7:28
  there.
• 7:29
  That
• 7:29
  was
• 7:29
  his
• 7:29
  life.
• 7:29
  That's
• 7:30
  what
• 7:30
  he
• 7:30
  saw.
• 7:30
  But
• 7:31
  even
• 7:31
  the
• 7:31
  Bible's
• 7:32
  telling
• 7:32
  us,
• 7:33
  don't
• 7:33
  put
• 7:33
  all
• 7:33
  your
• 7:33
  eggs
• 7:34
  in
• 7:34
  one
• 7:34
  basket.
• 7:35
  Well,
• 7:35
  how
• 7:35
  about
• 7:35
  we
• 7:35
  pray
• 7:36
  together
• 7:36
  Now,
• 7:37
  Father,
• 7:37
  we
• 7:37
  just
• 7:38
  thank
• 7:38
  you
• 7:38
  for
• 7:38
  this
• 7:38
  gift
• 7:39
  of
• 7:39
  diversification.
• 7:40
  And
• 7:41
  Lord,
• 7:41
  sometimes
• 7:42
  we
• 7:42
  get
• 7:42
  greedy
• 7:42
  and
• 7:42
  we
• 7:43
  want
• 7:43
  to
• 7:43
  go
• 7:43
  get
• 7:43
  chasing
• 7:44
  after
• 7:44
  those
• 7:44
  sure
• 7:44
  things,
• 7:45
  Lord,
• 7:46
  but
• 7:46
  we
• 7:46
  thank
• 7:46
  you
• 7:47
  so
• 7:47
  much
• 7:47
  for
• 7:47
  the
• 7:47
  wisdom
• 7:48
  to
• 7:48
  spread
• 7:48
  that
• 7:48
  risk,
• 7:48
  Lord,
• 7:49
  and
• 7:49
  the
• 7:49
  opportunity
• 7:50
  to
• 7:50
  do
• 7:50
  things
• 7:50
  that
• 7:50
  help
• 7:51
  us
• 7:51
  to
• 7:51
  not
• 7:51
  put
• 7:52
  all
• 7:52
  our
• 7:52
  eggs
• 7:52
  in
• 7:52
  one
• 7:53
  basket.
• 7:53
  Lord,
• 7:53
  we
• 7:53
  just
• 7:54
  are
• 7:54
  so
• 7:54
  grateful
• 7:54
  for
• 7:54
  the
• 7:55
  resources
• 7:55
  that
• 7:55
  you
• 7:56
  us
• 7:56
  on
• 7:56
  a
• 7:56
  daily
• 7:56
  basis.
• 7:57
  We
• 7:57
  don't
• 7:57
  deserve
• 7:57
  it,
• 7:57
  Lord,
• 7:58
  we
• 7:58
  just
• 7:58
  thank
• 7:58
  you
• 7:59
  so
• 7:59
  much.
• 7:59
  And
• 7:59
  Lord,
• 8:00
  we
• 8:00
  trust
• 8:00
  in
• 8:00
  your
• 8:00
  provision
• 8:01
  and
• 8:02
  we
• 8:02
  remember
• 8:02
  we
• 8:02
  don't
• 8:03
  trust
• 8:03
  in
• 8:03
  that
• 8:03
  stock
• 8:03
  market,
• 8:04
  Lord,
• 8:04
  but
• 8:04
  we
• 8:04
  trust
• 8:04
  in
• 8:05
  you.
• 8:05
  And
• 8:06
  we
• 8:06
  ask
• 8:06
  this
• 8:06
  in
• 8:07
  complete
• 8:07
  confidence
• 8:07
  in
• 8:07
  the
• 8:08
  name
• 8:08
  of
• 8:08
  Jesus.
• 8:09
  Amen.
• 8:10
  So
• 8:11
  your
• 8:11
  big
• 8:11
  goal
• 8:11
  for
• 8:12
  today,
• 8:12
  and
• 8:12
  it's
• 8:12
  really
• 8:13
  quite
• 8:13
  simple,
• 8:13
  today
• 8:14
  I
• 8:14
  want
• 8:14
  you
• 8:14
  to
• 8:14
  find
• 8:15
  some
• 8:15
  extra
• 8:15
  egg
• 8:15
  baskets.
• 8:16
  Yeah,
• 8:16
  it's
• 8:16
  really
• 8:17
  that
• 8:17
  easy.
• 8:17
  I
• 8:17
  want
• 8:17
  you
• 8:17
  to
• 8:18
  look
• 8:18
  at
• 8:18
  your
• 8:18
  investments,
• 8:20
  do
• 8:20
  a
• 8:20
  deep
• 8:20
  dive
• 8:20
  and
• 8:21
  say,
• 8:21
  am
• 8:21
  I
• 8:21
  holding
• 8:22
  just
• 8:22
  a
• 8:22
  few
• 8:22
  stocks?
• 8:22
  Listen,
• 8:23
  I've
• 8:23
  counseled
• 8:24
  many
• 8:24
  people
• 8:24
  in
• 8:24
  my
• 8:24
  30
• 8:25
  year
• 8:25
  career.
• 8:26
  They
• 8:26
  didn't
• 8:26
  even
• 8:26
  realize
• 8:26
  what
• 8:27
  they
• 8:27
  were
• 8:27
  invested
• 8:27
  in.
• 8:28
  So
• 8:28
  get
• 8:28
  those
• 8:29
  statements
• 8:29
  out,
• 8:29
  take
• 8:30
  a
• 8:30
  look
• 8:30
  at
• 8:30
  what
• 8:30
  you're
• 8:30
  investing
• 8:31
  in.
• 8:31
  If
• 8:31
  you've
• 8:31
  got
• 8:31
  a
• 8:31
  broker,
• 8:32
  call
• 8:32
  your
• 8:32
  broker.
• 8:33
  If
• 8:33
  you're
• 8:33
  doing
• 8:33
  a
• 8:33
  4
• 8:34
  to
• 8:34
  1k
• 8:34
  at
• 8:34
  work,
• 8:35
  contact
• 8:35
  your
• 8:35
  HR
• 8:36
  people
• 8:36
  and
• 8:36
  really
• 8:37
  understand
• 8:37
  what
• 8:38
  you're
• 8:38
  investing
• 8:39
  in.
• 8:39
  Because
• 8:40
  if
• 8:40
  you
• 8:40
  add
• 8:40
  that
• 8:40
  diversification,
• 8:42
  you're
• 8:42
  going
• 8:42
  to
• 8:42
  build
• 8:43
  that
• 8:43
  balance.
• 8:44
  So
• 8:44
  again,
• 8:45
  big
• 8:45
  recap
• 8:45
  for
• 8:45
  today.
• 8:46
  Don't
• 8:46
  put
• 8:46
  all
• 8:46
  your
• 8:46
  eggs
• 8:47
  in
• 8:47
  one
• 8:47
  basket.
• 8:47
  If
• 8:47
  you
• 8:47
  don't
• 8:48
  learn
• 8:48
  anything
• 8:48
  else
• 8:48
  I
• 8:48
  said
• 8:48
  today,
• 8:49
  remember
• 8:49
  this,
• 8:50
  don't
• 8:50
  put
• 8:50
  all
• 8:51
  your
• 8:51
  eggs
• 8:51
  in
• 8:51
  one
• 8:51
  basket.
• 8:52
  Spread
• 8:52
  those
• 8:52
  assets
• 8:53
  across
• 8:53
  different
• 8:53
  markets
• 8:54
  and,
• 8:54
  and
• 8:54
  different
• 8:55
  asset
• 8:56
  classes
• 8:56
  like
• 8:56
  stocks,
• 8:57
  bonds,
• 8:57
  mutual
• 8:58
  funds,
• 8:58
  ETFs,
• 8:59
  certificates
• 9:00
  of
• 9:00
  deposit,
• 9:01
  money
• 9:01
  markets,
• 9:01
  and
• 9:01
  again
• 9:02
  this,
• 9:02
  there's
• 9:02
  no
• 9:02
  guarantee
• 9:03
  to
• 9:03
  this.
• 9:03
  I
• 9:03
  don't
• 9:03
  want
• 9:03
  you
• 9:03
  to
• 9:04
  leave
• 9:04
  today
• 9:04
  showing.
• 9:05
  Well,
• 9:05
  Ralph
• 9:05
  said
• 9:05
  if
• 9:05
  I'm
• 9:06
  diversified,
• 9:06
  I
• 9:06
  can
• 9:07
  never
• 9:07
  lose
• 9:08
  money.
• 9:08
  I'm
• 9:09
  sorry,
• 9:09
  that's
• 9:09
  not
• 9:09
  true.
• 9:10
  But
• 9:10
  these
• 9:10
  things
• 9:11
  do
• 9:11
  do
• 9:11
  this.
• 9:12
  They
• 9:12
  lower
• 9:12
  the
• 9:13
  chance
• 9:13
  of
• 9:13
  disaster.
• 9:14
  Because
• 9:14
  the
• 9:15
  Bible
• 9:15
  reminds
• 9:15
  us
• 9:15
  this
• 9:16
  wisdom
• 9:17
  is
• 9:17
  in
• 9:17
  preparation
• 9:18
  and
• 9:18
  balance.
• 9:19
  See,
• 9:19
  there's
• 9:20
  that
• 9:20
  word
• 9:20
  balance
• 9:20
  again.
• 9:21
  All
• 9:21
  right.
• 9:21
  One
• 9:21
  of
• 9:22
  the
• 9:22
  things
• 9:22
  I
• 9:22
  would
• 9:22
  really
• 9:22
  encourage
• 9:23
  you
• 9:23
  to
• 9:23
  do,
• 9:23
  one
• 9:23
  of
• 9:23
  the
• 9:24
  things
• 9:24
  I
• 9:24
  really
• 9:24
  am
• 9:24
  trying
• 9:24
  to
• 9:24
  do
• 9:25
  is
• 9:25
  I'm
• 9:25
  trying
• 9:25
  to
• 9:25
  grow
• 9:25
  this
• 9:26
  show.
• 9:26
  One
• 9:26
  of
• 9:27
  the
• 9:27
  ways
• 9:27
  we
• 9:27
  can
• 9:27
  do
• 9:27
  that
• 9:27
  is
• 9:28
  I'm
• 9:28
  going
• 9:28
  to
• 9:28
  ask
• 9:28
  you
• 9:28
  to
• 9:28
  support
• 9:29
  the
• 9:29
  show.
• 9:30
  You
• 9:30
  can
• 9:30
  go
• 9:30
  to
• 9:30
  financiallyconfidentchristian.com/support.
• 9:33
  When
• 9:33
  you
• 9:33
  get
• 9:33
  there,
• 9:34
  you're
• 9:34
  going
• 9:34
  to
• 9:34
  see
• 9:34
  this
• 9:34
  thing
• 9:34
  that
• 9:35
  says,
• 9:35
  buy
• 9:35
  me
• 9:35
  a
• 9:36
  coffee.
• 9:36
  And
• 9:36
  I'm
• 9:36
  going
• 9:36
  to
• 9:36
  tell
• 9:36
  you,
• 9:36
  if
• 9:36
  you
• 9:37
  listen
• 9:37
  to
• 9:37
  the
• 9:37
  show
• 9:37
  for
• 9:37
  a
• 9:38
  while,
• 9:38
  I
• 9:38
  don't
• 9:38
  even
• 9:38
  drink
• 9:39
  coffee.
• 9:39
  I
• 9:39
  do
• 9:40
  have
• 9:40
  a
• 9:40
  hot
• 9:40
  tea,
• 9:40
  and
• 9:41
  I
• 9:41
  do
• 9:41
  that
• 9:41
  every
• 9:41
  day.
• 9:42
  Hot
• 9:42
  tea.
• 9:42
  But
• 9:43
  basically,
• 9:44
  a
• 9:44
  buy
• 9:44
  me
• 9:44
  a
• 9:44
  coffee
• 9:45
  is
• 9:45
  just
• 9:45
  a
• 9:46
  way
• 9:46
  to
• 9:46
  support
• 9:46
  the
• 9:46
  show.
• 9:47
  You
• 9:47
  can
• 9:47
  buy
• 9:47
  1,
• 9:47
  2,
• 9:48
  3,
• 9:48
  4,
• 9:48
  whatever
• 9:48
  you're
• 9:48
  looking
• 9:49
  to
• 9:49
  do.
• 9:49
  And
• 9:49
  you
• 9:50
  might
• 9:50
  be
• 9:50
  saying,
• 9:50
  wait
• 9:50
  a
• 9:50
  second,
• 9:50
  Ralph,
• 9:51
  what
• 9:51
  are
• 9:51
  you
• 9:51
  going
• 9:51
  to
• 9:51
  do
• 9:51
  with
• 9:51
  that
• 9:52
  money?
• 9:52
  It's
• 9:53
  not
• 9:53
  to
• 9:53
  profit
• 9:53
  me.
• 9:54
  It
• 9:54
  really
• 9:54
  isn't.
• 9:55
  I
• 9:55
  want
• 9:55
  to
• 9:55
  do
• 9:56
  this
• 9:56
  so
• 9:56
  I
• 9:56
  can
• 9:56
  grow
• 9:56
  the
• 9:56
  show.
• 9:57
  I
• 9:57
  want
• 9:57
  to
• 9:57
  market
• 9:58
  the
• 9:58
  show.
• 9:58
  I
• 9:58
  want
• 9:58
  to
• 9:58
  go
• 9:58
  advertise
• 9:59
  in
• 9:59
  more
• 10:00
  areas
• 10:00
  so
• 10:00
  we
• 10:01
  can
• 10:01
  reach
• 10:01
  more
• 10:01
  people,
• 10:01
  we
• 10:02
  can
• 10:02
  spread
• 10:02
  this
• 10:02
  knowledge
• 10:03
  and
• 10:03
  try
• 10:03
  to
• 10:03
  break
• 10:04
  that
• 10:04
  financial
• 10:04
  shame
• 10:05
  that
• 10:05
  so
• 10:05
  many
• 10:05
  people
• 10:06
  are
• 10:06
  suffering
• 10:06
  with
• 10:06
  today
• 10:07
  and
• 10:07
  help
• 10:07
  them
• 10:08
  find
• 10:08
  confidence.
• 10:08
  So,
• 10:09
  again,
• 10:09
  if
• 10:09
  you
• 10:09
  would
• 10:09
  support
• 10:10
  the
• 10:10
  show,
• 10:10
  I
• 10:10
  would
• 10:10
  greatly
• 10:11
  appreciate
• 10:11
  it.
• 10:11
  You
• 10:12
  go
• 10:12
  to
• 10:12
  financiallyconfidentchristian.com/support.
• 10:16
  Now,
• 10:16
  tomorrow
• 10:16
  on
• 10:16
  the
• 10:16
  show,
• 10:17
  we're
• 10:17
  going
• 10:17
  to
• 10:17
  answer
• 10:18
  this
• 10:18
  question.
• 10:19
  Why
• 10:20
  is
• 10:20
  it
• 10:20
  when
• 10:20
  we
• 10:20
  know
• 10:21
  what
• 10:21
  we
• 10:21
  should
• 10:21
  do,
• 10:21
  we
• 10:22
  don't
• 10:22
  do
• 10:22
  it?
• 10:23
  Listen,
• 10:23
  you
• 10:23
  might
• 10:23
  be
• 10:23
  thinking,
• 10:24
  Ralph,
• 10:24
  I
• 10:24
  can't
• 10:24
  wait
• 10:25
  till
• 10:25
  tomorrow
• 10:25
  because
• 10:25
  I'm
• 10:25
  right
• 10:26
  in
• 10:26
  that
• 10:26
  team.
• 10:26
  Well,
• 10:26
  tomorrow
• 10:27
  I'm
• 10:27
  going
• 10:27
  to
• 10:27
  break
• 10:27
  it
• 10:27
  down
• 10:28
  and
• 10:28
  we're
• 10:28
  going
• 10:28
  to
• 10:28
  talk
• 10:29
  about
• 10:29
  how
• 10:29
  to
• 10:29
  be
• 10:29
  more
• 10:29
  successful.
• 10:30
  Even
• 10:31
  when
• 10:31
  we
• 10:31
  know
• 10:31
  what
• 10:31
  we
• 10:31
  should
• 10:32
  do,
• 10:32
  why
• 10:33
  don't
• 10:33
  we
• 10:33
  do
• 10:33
  it?
• 10:33
  So
• 10:33
  make
• 10:33
  sure
• 10:34
  you
• 10:34
  join
• 10:34
  me
• 10:34
  tomorrow
• 10:35
  and
• 10:35
  today
• 10:35
  I'm
• 10:35
  going
• 10:35
  to
• 10:36
  charge
• 10:36
  you
• 10:36
  with
• 10:36
  this.
• 10:36
  Go
• 10:36
  be
• 10:37
  a
• 10:37
  financially
• 10:37
  confident
• 10:38
  Christian.
• 10:39
  I
• 10:39
  have
• 10:39
  confidence
• 10:40
  in
• 10:40
  you.
• 10:40
  Have
• 10:41
  confidence
• 10:41
  in
• 10:41
  yourself.
• 10:42
  You
• 10:42
  can
• 10:42
  do
• 10:42
  this.
• 10:42
  God
• 10:43
  is
• 10:43
  with
• 10:43
  you.
• 10:44
  Stay
• 10:44
  financially
• 10:45
  savvy.
• 10:45
  God
• 10:46
  bless
• 10:46
  you,
• 10:46
  and
• 10:46
  you
• 10:47
  have
• 10:47
  a
• 10:47
  great
• 10:47
  day
• 10:47
  today.