Latest / Becoming Financially Confident / Demystifying Stocks: What Are They and How Do They Work?

Transcript

Demystifying Stocks: What Are They and How Do They Work? · Becoming Financially Confident

• 0:37
  I
• 0:37
  got
• 0:38
  a
• 0:38
  great
• 0:38
  question
• 0:38
  into
• 0:39
  the
• 0:39
  show
• 0:39
  the
• 0:39
  other
• 0:39
  day.
• 0:40
  Listener
• 0:40
  asked
• 0:41
  this
• 0:41
  said,
• 0:42
  Ralph,
• 0:42
  stocks
• 0:43
  sounds
• 0:43
  so
• 0:43
  complicated.
• 0:45
  Are
• 0:45
  they
• 0:45
  really
• 0:46
  just
• 0:46
  for
• 0:46
  Wall
• 0:46
  street
• 0:47
  experts?
• 0:48
  I
• 0:48
  feel
• 0:48
  lost
• 0:48
  when
• 0:49
  people
• 0:49
  talk
• 0:49
  about
• 0:49
  them.
• 0:51
  You
• 0:51
  might
• 0:51
  be
• 0:51
  listening
• 0:51
  right
• 0:52
  now.
• 0:52
  You're
• 0:52
  like,
• 0:52
  Ralph,
• 0:52
  I
• 0:52
  am
• 0:53
  tuned
• 0:53
  out
• 0:53
  as
• 0:53
  well.
• 0:53
  As
• 0:54
  soon
• 0:54
  as
• 0:54
  I
• 0:54
  hear
• 0:54
  the
• 0:54
  word
• 0:54
  stocks,
• 0:55
  I
• 0:55
  just
• 0:55
  lose
• 0:55
  it.
• 0:56
  But
• 0:57
  here's
• 0:57
  the
• 0:57
  good
• 0:57
  news
• 0:57
  in
• 0:57
  all
• 0:58
  this.
• 0:59
  Stocks
• 0:59
  are
• 0:59
  actually
• 1:00
  pretty
• 1:00
  simple.
• 1:01
  And
• 1:01
  today
• 1:01
  on
• 1:02
  the
• 1:02
  show,
• 1:02
  I
• 1:02
  want
• 1:02
  to
• 1:02
  break
• 1:02
  it
• 1:02
  down
• 1:03
  in
• 1:03
  really
• 1:03
  simple
• 1:03
  terms.
• 1:04
  I
• 1:04
  want
• 1:04
  to
• 1:04
  talk
• 1:04
  about
• 1:04
  what
• 1:04
  a
• 1:05
  stock
• 1:05
  is,
• 1:06
  how
• 1:06
  stocks
• 1:06
  work
• 1:06
  in
• 1:07
  just
• 1:07
  plain
• 1:07
  English
• 1:08
  simple
• 1:08
  terms,
• 1:09
  and
• 1:09
  how
• 1:09
  they
• 1:09
  can
• 1:10
  actually
• 1:10
  help
• 1:10
  you
• 1:10
  build
• 1:11
  long
• 1:11
  term
• 1:11
  confidence.
• 1:12
  So
• 1:12
  if
• 1:12
  you've
• 1:13
  ever
• 1:13
  been
• 1:13
  confused
• 1:13
  with
• 1:13
  stocks,
• 1:14
  this
• 1:14
  is
• 1:15
  the
• 1:15
  show
• 1:15
  for
• 1:15
  you.
• 1:17
  This
• 1:18
  is
• 1:18
  Financially
• 1:18
  Confident
• 1:19
  Christian,
• 1:20
  your
• 1:20
  daily
• 1:20
  dose
• 1:20
  of
• 1:21
  gospel,
• 1:21
  grounded
• 1:22
  insight
• 1:22
  and
• 1:22
  faith
• 1:23
  driven
• 1:23
  tips
• 1:23
  to
• 1:24
  help
• 1:24
  you
• 1:24
  break
• 1:24
  the
• 1:24
  cycle
• 1:25
  of
• 1:25
  financial
• 1:25
  shame
• 1:26
  with
• 1:26
  confidence.
• 1:29
  Hi
• 1:30
  there.
• 1:30
  Welcome
• 1:30
  to
• 1:30
  Financially
• 1:31
  Confident
• 1:31
  Christian.
• 1:32
  I'm
• 1:32
  Ralph
• 1:32
  and
• 1:33
  I'm
• 1:33
  super
• 1:33
  excited
• 1:33
  that
• 1:34
  you've
• 1:34
  chosen
• 1:34
  to
• 1:34
  join
• 1:34
  me
• 1:35
  today.
• 1:35
  Now,
• 1:35
  if
• 1:35
  you
• 1:35
  missed
• 1:36
  yesterday's
• 1:36
  show,
• 1:37
  we
• 1:37
  talked
• 1:37
  about
• 1:37
  investment
• 1:38
  horizons
• 1:39
  versus
• 1:39
  long
• 1:39
  term
• 1:40
  versus
• 1:40
  short
• 1:41
  term
• 1:41
  and
• 1:41
  we
• 1:41
  talked
• 1:42
  about
• 1:42
  how
• 1:42
  to
• 1:42
  select
• 1:42
  the
• 1:43
  best
• 1:43
  option
• 1:43
  for
• 1:43
  your
• 1:44
  situation.
• 1:45
  If
• 1:45
  you
• 1:45
  missed
• 1:45
  any
• 1:46
  of
• 1:46
  our
• 1:46
  shows,
• 1:46
  I
• 1:46
  want
• 1:46
  to
• 1:47
  encourage
• 1:47
  you.
• 1:47
  You
• 1:47
  can
• 1:48
  go
• 1:48
  right
• 1:48
  to
• 1:48
  financiallyconfidentchristian.com
• 1:50
  and
• 1:51
  you
• 1:51
  can
• 1:51
  see
• 1:51
  our
• 1:51
  entire
• 1:52
  episode
• 1:53
  of
• 1:53
  prior
• 1:53
  shows.
• 1:55
  Now
• 1:55
  listen,
• 1:55
  for
• 1:56
  decades
• 1:57
  I've
• 1:57
  sat
• 1:57
  with
• 1:57
  families,
• 1:59
  I've
• 1:59
  sat
• 1:59
  with
• 1:59
  small
• 1:59
  business
• 2:00
  owners,
• 2:00
  and
• 2:01
  I've
• 2:01
  sat
• 2:01
  with
• 2:01
  individuals
• 2:02
  who
• 2:02
  really
• 2:03
  felt
• 2:03
  intimidated
• 2:04
  by
• 2:04
  the
• 2:04
  word
• 2:04
  stock.
• 2:05
  Soon
• 2:05
  they
• 2:05
  heard
• 2:05
  the
• 2:05
  word
• 2:05
  stock.
• 2:06
  They're
• 2:06
  like,
• 2:06
  Ralph,
• 2:06
  I'm
• 2:07
  lost.
• 2:07
  I
• 2:07
  have
• 2:07
  no
• 2:07
  idea
• 2:08
  what
• 2:08
  you're
• 2:08
  talking
• 2:08
  about.
• 2:09
  I've
• 2:10
  seen
• 2:10
  their
• 2:10
  eyes
• 2:10
  glaze
• 2:11
  over.
• 2:11
  I've
• 2:12
  seen
• 2:12
  them
• 2:12
  get
• 2:12
  lost
• 2:12
  in
• 2:13
  all
• 2:13
  the
• 2:13
  jargon.
• 2:14
  But
• 2:14
  at
• 2:14
  the
• 2:14
  same
• 2:14
  time,
• 2:15
  and
• 2:15
  this
• 2:15
  is
• 2:15
  the
• 2:15
  really
• 2:16
  reassuring
• 2:16
  part,
• 2:17
  I've
• 2:17
  seen
• 2:18
  their
• 2:18
  confidences
• 2:19
  rise.
• 2:20
  It
• 2:20
  was
• 2:20
  awesome
• 2:21
  when
• 2:21
  they
• 2:21
  finally
• 2:22
  understood
• 2:22
  stocks
• 2:23
  in
• 2:23
  very
• 2:23
  simple
• 2:24
  terms.
• 2:25
  Because
• 2:25
  here's
• 2:25
  the
• 2:25
  truth
• 2:26
  truth
• 2:26
  bomb.
• 2:27
  Right
• 2:27
  now
• 2:27
  you
• 2:28
  don't
• 2:28
  need
• 2:28
  a
• 2:28
  finance
• 2:29
  degree.
• 2:30
  You
• 2:30
  just
• 2:30
  need
• 2:31
  some
• 2:31
  clarity.
• 2:32
  And
• 2:32
  I
• 2:33
  remember
• 2:33
  one
• 2:33
  particular
• 2:33
  story.
• 2:34
  This
• 2:34
  young
• 2:34
  dad
• 2:34
  came
• 2:35
  in
• 2:35
  to
• 2:35
  meet
• 2:35
  with
• 2:35
  me
• 2:35
  and
• 2:36
  he
• 2:36
  said,
• 2:36
  Ralph,
• 2:36
  I
• 2:36
  really
• 2:37
  want
• 2:37
  to
• 2:37
  get
• 2:37
  started
• 2:38
  in
• 2:38
  investing
• 2:38
  in
• 2:39
  stocks.
• 2:40
  And
• 2:40
  I
• 2:40
  said
• 2:40
  to
• 2:40
  him,
• 2:40
  okay,
• 2:41
  here's
• 2:41
  the
• 2:41
  simplest
• 2:41
  analysis
• 2:42
  I
• 2:42
  can
• 2:42
  give
• 2:42
  you.
• 2:43
  Imagine
• 2:44
  you're
• 2:44
  at
• 2:44
  your
• 2:44
  favorite
• 2:44
  pizza
• 2:45
  shop.
• 2:45
  He's
• 2:45
  like,
• 2:46
  man,
• 2:46
  I
• 2:46
  love
• 2:46
  some
• 2:46
  pizza.
• 2:47
  I
• 2:47
  say,
• 2:47
  me
• 2:47
  too.
• 2:47
  I
• 2:48
  can
• 2:48
  eat
• 2:48
  some
• 2:48
  pizza.
• 2:49
  And
• 2:49
  I
• 2:49
  said,
• 2:49
  but
• 2:50
  imagine
• 2:50
  your
• 2:50
  favorite
• 2:50
  pizza
• 2:51
  shop
• 2:51
  decides
• 2:52
  to
• 2:52
  sell
• 2:52
  slices
• 2:53
  of
• 2:53
  ownership.
• 2:53
  Just
• 2:54
  picture
• 2:54
  that
• 2:54
  pizza
• 2:55
  in
• 2:55
  your
• 2:55
  head.
• 2:56
  And
• 2:56
  that
• 2:56
  pizza
• 2:56
  shop
• 2:57
  says,
• 2:57
  slice
• 2:57
  is
• 2:58
  a
• 2:58
  stock
• 2:58
  ownership
• 2:59
  in
• 2:59
  that
• 2:59
  company.
• 3:00
  Well
• 3:00
  then
• 3:00
  when
• 3:01
  you
• 3:01
  buy
• 3:01
  one
• 3:01
  slice,
• 3:02
  you
• 3:02
  own
• 3:02
  a
• 3:02
  piece
• 3:03
  of
• 3:03
  the
• 3:03
  shop.
• 3:03
  You
• 3:03
  own
• 3:03
  a
• 3:04
  piece
• 3:04
  of
• 3:04
  that
• 3:04
  whole
• 3:04
  pie.
• 3:05
  It's
• 3:05
  funny,
• 3:05
  he
• 3:06
  smiled
• 3:06
  back
• 3:06
  at
• 3:06
  me
• 3:06
  and
• 3:06
  said,
• 3:07
  that's
• 3:07
  it.
• 3:07
  That's
• 3:07
  all
• 3:08
  that
• 3:08
  stocks
• 3:08
  are.
• 3:09
  I
• 3:09
  said,
• 3:09
  yes,
• 3:09
  that's
• 3:10
  exactly
• 3:10
  what
• 3:10
  it
• 3:10
  is.
• 3:10
  It's
• 3:11
  really
• 3:11
  that
• 3:11
  simple.
• 3:13
  So
• 3:13
  let's
• 3:13
  break
• 3:13
  it
• 3:13
  down
• 3:13
  a
• 3:13
  little
• 3:14
  further.
• 3:14
  The
• 3:15
  first
• 3:15
  thing
• 3:15
  I
• 3:15
  want
• 3:15
  to
• 3:15
  tell
• 3:16
  you,
• 3:16
  real
• 3:16
  simple
• 3:16
  terms,
• 3:17
  a
• 3:17
  stock
• 3:18
  is
• 3:18
  simply
• 3:19
  ownership.
• 3:20
  When
• 3:20
  you
• 3:20
  buy
• 3:21
  a
• 3:21
  stock,
• 3:21
  you
• 3:21
  literally
• 3:22
  own
• 3:22
  a
• 3:22
  piece
• 3:22
  of
• 3:22
  the
• 3:22
  company.
• 3:22
  Think
• 3:23
  about
• 3:23
  that
• 3:23
  pizza.
• 3:24
  You
• 3:24
  own
• 3:24
  a
• 3:24
  piece
• 3:25
  of
• 3:25
  that
• 3:25
  pie.
• 3:26
  So
• 3:26
  if
• 3:26
  the
• 3:27
  company
• 3:27
  grows,
• 3:27
  if
• 3:27
  the
• 3:27
  company
• 3:28
  becomes
• 3:28
  more
• 3:28
  profitable,
• 3:29
  your
• 3:29
  piece
• 3:30
  becomes
• 3:30
  more
• 3:30
  valuable.
• 3:31
  But
• 3:32
  here's
• 3:32
  the
• 3:32
  other
• 3:32
  side
• 3:32
  of
• 3:32
  that.
• 3:33
  If
• 3:33
  the
• 3:33
  company
• 3:34
  struggles,
• 3:35
  guess
• 3:35
  what,
• 3:36
  your
• 3:36
  piece
• 3:36
  might
• 3:37
  shrink.
• 3:37
  Yes,
• 3:37
  you
• 3:38
  might
• 3:38
  lose
• 3:38
  your
• 3:38
  money.
• 3:39
  So
• 3:39
  that's
• 3:39
  where
• 3:39
  we
• 3:39
  have
• 3:40
  to
• 3:40
  start.
• 3:40
  Second
• 3:41
  thing
• 3:41
  you
• 3:41
  might
• 3:41
  be
• 3:42
  saying,
• 3:42
  Ralph,
• 3:42
  okay,
• 3:42
  that's
• 3:43
  great,
• 3:43
  but
• 3:43
  why
• 3:43
  would
• 3:44
  a
• 3:44
  company
• 3:44
  want
• 3:45
  to
• 3:45
  sell
• 3:45
  stock
• 3:45
  in
• 3:45
  their
• 3:46
  company?
• 3:47
  Well,
• 3:47
  here's
• 3:47
  the
• 3:47
  reason
• 3:48
  for
• 3:48
  a
• 3:48
  very
• 3:48
  simple
• 3:49
  terms.
• 3:50
  Companies
• 3:50
  sell
• 3:50
  stock
• 3:50
  to
• 3:51
  raise
• 3:51
  money
• 3:51
  generally.
• 3:52
  Maybe
• 3:52
  they
• 3:53
  want
• 3:53
  money
• 3:53
  to
• 3:53
  expand,
• 3:54
  maybe
• 3:54
  they
• 3:54
  want
• 3:55
  to
• 3:55
  develop
• 3:55
  new
• 3:55
  products,
• 3:56
  or
• 3:56
  maybe
• 3:56
  they
• 3:56
  just
• 3:57
  want
• 3:57
  to
• 3:57
  hire
• 3:57
  more
• 3:57
  employees.
• 3:58
  Maybe
• 3:58
  the
• 3:58
  guy
• 3:58
  running
• 3:58
  the
• 3:59
  pizza
• 3:59
  oven
• 3:59
  says,
• 3:59
  look,
• 4:00
  I'm
• 4:00
  tired
• 4:00
  of
• 4:00
  working
• 4:01
  80
• 4:01
  hours
• 4:01
  a
• 4:01
  week,
• 4:02
  Ralph,
• 4:02
  I've
• 4:02
  got
• 4:02
  to
• 4:03
  bring
• 4:03
  somebody
• 4:03
  on.
• 4:04
  Well,
• 4:04
  one
• 4:04
  of
• 4:04
  the
• 4:04
  ways
• 4:04
  you
• 4:05
  can
• 4:05
  do
• 4:05
  that
• 4:05
  is
• 4:05
  actually
• 4:06
  sell
• 4:06
  ownership
• 4:07
  in
• 4:07
  your
• 4:07
  company.
• 4:08
  So
• 4:08
  when
• 4:08
  you
• 4:09
  buy
• 4:09
  that
• 4:09
  stock,
• 4:09
  when
• 4:09
  you
• 4:10
  buy
• 4:10
  that
• 4:10
  piece
• 4:10
  of
• 4:10
  pizza,
• 4:11
  you're
• 4:11
  partnering
• 4:12
  with
• 4:12
  that
• 4:12
  company.
• 4:13
  You're
• 4:13
  partnering
• 4:13
  with
• 4:14
  them
• 4:14
  in
• 4:14
  their
• 4:14
  idea
• 4:15
  or
• 4:15
  their
• 4:15
  anticipation
• 4:16
  of
• 4:16
  growth.
• 4:18
  So
• 4:18
  then
• 4:18
  you're
• 4:18
  saying,
• 4:18
  okay,
• 4:19
  I
• 4:19
  get
• 4:19
  it,
• 4:19
  Ralph,
• 4:19
  I
• 4:19
  own
• 4:20
  a
• 4:20
  piece
• 4:20
  of
• 4:20
  the
• 4:20
  pie.
• 4:21
  They're
• 4:21
  selling
• 4:21
  it
• 4:21
  because
• 4:22
  they
• 4:22
  want
• 4:22
  to
• 4:22
  grow.
• 4:23
  But
• 4:23
  how
• 4:23
  do
• 4:23
  I
• 4:23
  benefit
• 4:24
  from
• 4:24
  that?
• 4:25
  Well,
• 4:25
  here's
• 4:25
  the
• 4:25
  real
• 4:25
  simple
• 4:26
  way
• 4:26
  you
• 4:26
  benefit
• 4:26
  from
• 4:26
  it.
• 4:27
  If
• 4:27
  the
• 4:27
  stock
• 4:28
  price
• 4:28
  goes
• 4:28
  up,
• 4:28
  which
• 4:29
  it
• 4:29
  can,
• 4:29
  if
• 4:29
  the
• 4:29
  business
• 4:30
  expands,
• 4:30
  you
• 4:31
  make
• 4:31
  more
• 4:31
  money.
• 4:32
  In
• 4:32
  addition
• 4:32
  to
• 4:33
  that,
• 4:33
  a
• 4:33
  lot
• 4:34
  of
• 4:34
  companies
• 4:34
  pay
• 4:34
  what's
• 4:35
  called
• 4:35
  a
• 4:35
  dividend.
• 4:36
  That's
• 4:36
  actually
• 4:36
  a
• 4:37
  cash
• 4:37
  reward
• 4:37
  that
• 4:38
  they
• 4:38
  pay
• 4:38
  you,
• 4:38
  maybe
• 4:38
  quarterly,
• 4:39
  sometimes
• 4:40
  annually,
• 4:40
  for
• 4:41
  being
• 4:41
  a
• 4:41
  stockholder
• 4:42
  in
• 4:42
  that
• 4:42
  company.
• 4:43
  It's
• 4:43
  really
• 4:43
  that
• 4:44
  simple.
• 4:45
  You
• 4:45
  own
• 4:45
  a
• 4:45
  piece
• 4:45
  of
• 4:45
  the
• 4:45
  pie.
• 4:46
  They're
• 4:46
  doing
• 4:47
  it
• 4:47
  because
• 4:47
  they
• 4:47
  want
• 4:47
  to
• 4:48
  raise
• 4:48
  money
• 4:48
  and
• 4:49
  then
• 4:49
  they
• 4:49
  pay
• 4:49
  you
• 4:49
  or
• 4:50
  the
• 4:50
  stock
• 4:50
  appreciates
• 4:51
  or
• 4:51
  grows
• 4:51
  in
• 4:51
  value.
• 4:52
  And
• 4:53
  here's
• 4:53
  why
• 4:53
  it's
• 4:54
  really
• 4:54
  so
• 4:54
  important
• 4:54
  to
• 4:55
  understand
• 4:55
  stocks.
• 4:56
  They
• 4:56
  have
• 4:57
  a
• 4:57
  huge
• 4:58
  long
• 4:58
  term
• 4:58
  advantage.
• 4:59
  And
• 5:00
  this
• 5:00
  way.
• 5:00
  Ever
• 5:00
  listen
• 5:00
  to
• 5:01
  market
• 5:01
  gurus
• 5:02
  or
• 5:02
  those
• 5:02
  financial
• 5:02
  analysts
• 5:03
  on
• 5:03
  the
• 5:03
  tv?
• 5:04
  History
• 5:04
  has
• 5:05
  shown
• 5:05
  decade
• 5:06
  after
• 5:06
  decade
• 5:07
  that
• 5:07
  stocks
• 5:08
  create
• 5:08
  wealth
• 5:08
  for
• 5:08
  ordinary
• 5:09
  people
• 5:09
  just
• 5:09
  like
• 5:10
  you.
• 5:10
  Yes,
• 5:11
  they
• 5:11
  do
• 5:11
  bounce
• 5:11
  up
• 5:11
  and
• 5:12
  down.
• 5:12
  You
• 5:12
  have
• 5:12
  to
• 5:12
  understand
• 5:12
  that.
• 5:13
  You
• 5:13
  got
• 5:13
  to
• 5:13
  have
• 5:13
  a
• 5:13
  stomach
• 5:13
  for
• 5:14
  it.
• 5:14
  I
• 5:14
  talked
• 5:14
  about
• 5:14
  a
• 5:14
  little
• 5:14
  Bit
• 5:15
  about
• 5:15
  that
• 5:15
  yesterday
• 5:16
  in
• 5:16
  your
• 5:16
  risk
• 5:16
  tolerances.
• 5:18
  But
• 5:18
  over
• 5:18
  the
• 5:19
  long
• 5:19
  run,
• 5:19
  you
• 5:19
  can
• 5:20
  look
• 5:20
  at
• 5:20
  graphs
• 5:20
  and
• 5:20
  see
• 5:21
  this.
• 5:21
  They
• 5:22
  consistently
• 5:22
  have
• 5:23
  grown.
• 5:24
  Now,
• 5:24
  you
• 5:24
  know
• 5:24
  I
• 5:24
  talk
• 5:25
  about
• 5:25
  Bible
• 5:25
  and
• 5:25
  I
• 5:26
  talk
• 5:26
  about
• 5:26
  faith
• 5:27
  on
• 5:27
  this
• 5:27
  show.
• 5:27
  So
• 5:28
  let's
• 5:28
  tie
• 5:28
  this
• 5:28
  into
• 5:28
  the
• 5:29
  scriptures.
• 5:29
  Let's
• 5:30
  look
• 5:30
  at
• 5:30
  the
• 5:30
  book
• 5:30
  of
• 5:30
  Ecclesiastes,
• 5:31
  chapter
• 5:32
  11,
• 5:32
  verse
• 5:32
  2.
• 5:33
  It
• 5:33
  says
• 5:33
  this,
• 5:34
  invest
• 5:35
  in
• 5:35
  seven
• 5:35
  ventures.
• 5:36
  Yes.
• 5:36
  In
• 5:37
  eight,
• 5:38
  you
• 5:38
  do
• 5:38
  not
• 5:38
  know
• 5:38
  what
• 5:39
  disaster
• 5:39
  may
• 5:39
  come
• 5:40
  upon
• 5:40
  the
• 5:40
  land.
• 5:41
  And
• 5:41
  I
• 5:41
  thought
• 5:41
  that
• 5:42
  was
• 5:42
  perfect
• 5:42
  for
• 5:42
  today's
• 5:42
  explanation.
• 5:43
  Really
• 5:44
  simple,
• 5:44
  plain
• 5:44
  English.
• 5:44
  I
• 5:45
  have
• 5:45
  people
• 5:45
  say
• 5:45
  to
• 5:45
  me
• 5:45
  all
• 5:45
  the
• 5:45
  time,
• 5:46
  Ralph,
• 5:46
  I
• 5:46
  love
• 5:47
  listening
• 5:47
  to
• 5:47
  your
• 5:47
  show
• 5:48
  because
• 5:48
  you
• 5:48
  put
• 5:48
  it
• 5:48
  in
• 5:49
  terms
• 5:49
  that
• 5:49
  I
• 5:49
  can
• 5:49
  understand
• 5:50
  and
• 5:51
  see.
• 5:51
  Even
• 5:51
  the
• 5:52
  Bible
• 5:52
  in
• 5:52
  the
• 5:52
  book
• 5:52
  of
• 5:52
  Ecclesiastes.
• 5:53
  When
• 5:54
  it
• 5:54
  talks
• 5:54
  about
• 5:54
  investing
• 5:55
  in
• 5:55
  seven
• 5:55
  ventures.
• 5:56
  Yes.
• 5:56
  In
• 5:56
  eight,
• 5:57
  it's
• 5:57
  teaching
• 5:58
  us
• 5:58
  diversification.
• 6:00
  Well,
• 6:00
  stocks
• 6:00
  do
• 6:00
  exactly
• 6:01
  that.
• 6:01
  You
• 6:01
  don't
• 6:02
  buy
• 6:02
  all
• 6:02
  the
• 6:02
  same
• 6:03
  stock
• 6:03
  in
• 6:03
  the
• 6:03
  same
• 6:03
  company.
• 6:04
  If
• 6:04
  that
• 6:04
  pizza
• 6:04
  shop
• 6:05
  decides
• 6:05
  to
• 6:05
  go
• 6:05
  belly
• 6:05
  up,
• 6:06
  you
• 6:06
  might
• 6:07
  own
• 6:07
  something
• 6:07
  else.
• 6:08
  You
• 6:08
  don't
• 6:08
  put
• 6:08
  all
• 6:08
  your
• 6:08
  hope
• 6:09
  in
• 6:09
  one
• 6:09
  place.
• 6:10
  You
• 6:10
  spread
• 6:10
  it
• 6:11
  out
• 6:11
  wisely.
• 6:12
  So
• 6:12
  that's
• 6:12
  my
• 6:13
  quick
• 6:13
  1,
• 6:13
  2,
• 6:13
  3
• 6:14
  on
• 6:14
  stock
• 6:14
  ownership.
• 6:15
  How
• 6:15
  about
• 6:15
  we
• 6:15
  pray
• 6:15
  together?
• 6:16
  Father
• 6:16
  God,
• 6:17
  we
• 6:17
  just
• 6:17
  thank
• 6:17
  You
• 6:17
  for
• 6:18
  reminding
• 6:18
  us
• 6:18
  that
• 6:18
  wisdom
• 6:19
  often
• 6:19
  comes
• 6:20
  in
• 6:20
  really
• 6:20
  simple
• 6:21
  terms.
• 6:22
  So
• 6:22
  Lord,
• 6:22
  help
• 6:22
  us
• 6:23
  to
• 6:23
  see
• 6:23
  stocks
• 6:23
  not
• 6:23
  as
• 6:24
  something
• 6:24
  scary,
• 6:25
  but
• 6:25
  Lord,
• 6:25
  help
• 6:25
  us
• 6:26
  to
• 6:26
  see
• 6:26
  them
• 6:26
  as
• 6:26
  an
• 6:26
  opportunity
• 6:27
  to
• 6:27
  steward
• 6:27
  wisely.
• 6:28
  We
• 6:29
  ask
• 6:29
  that
• 6:29
  You
• 6:29
  would
• 6:29
  give
• 6:29
  us
• 6:29
  patience
• 6:30
  to
• 6:30
  think
• 6:30
  long
• 6:30
  term.
• 6:31
  Give
• 6:32
  us
• 6:32
  faith
• 6:32
  to
• 6:32
  trust
• 6:32
  in
• 6:33
  Your
• 6:33
  provision,
• 6:33
  Lord,
• 6:34
  and
• 6:34
  most
• 6:34
  of
• 6:35
  all,
• 6:35
  give
• 6:35
  us
• 6:35
  discernment
• 6:36
  to
• 6:36
  invest
• 6:37
  with
• 6:37
  peace.
• 6:37
  And
• 6:37
  in
• 6:37
  Jesus'
• 6:38
  name
• 6:38
  we
• 6:38
  pray
• 6:39
  this.
• 6:39
  Amen.
• 6:41
  Listen,
• 6:41
  if
• 6:41
  stocks
• 6:42
  have
• 6:42
  ever
• 6:42
  felt
• 6:42
  mysterious
• 6:43
  to
• 6:43
  you,
• 6:43
  I
• 6:43
  want
• 6:43
  to
• 6:44
  help
• 6:44
  remove
• 6:44
  that
• 6:44
  fear.
• 6:45
  I
• 6:45
  just
• 6:45
  finished
• 6:46
  writing
• 6:46
  my
• 6:46
  third
• 6:46
  book.
• 6:46
  It's
• 6:47
  called
• 6:47
  How
• 6:47
  to
• 6:47
  Become
• 6:47
  a
• 6:47
  Financially
• 6:48
  Confident
• 6:48
  Christian.
• 6:49
  And
• 6:49
  I
• 6:49
  would
• 6:50
  love
• 6:50
  to
• 6:50
  share
• 6:50
  that
• 6:50
  book
• 6:50
  with
• 6:51
  you
• 6:51
  absolutely
• 6:51
  free,
• 6:52
  no
• 6:52
  strings
• 6:52
  attached.
• 6:53
  Just
• 6:53
  go
• 6:53
  to
• 6:53
  this
• 6:53
  website,
• 6:54
  go
• 6:54
  to
• 6:54
  financiallyconfidentchristian.com/becoming
• 6:58
  you
• 6:58
  put
• 6:58
  your
• 6:58
  name,
• 6:58
  your
• 6:58
  email
• 6:59
  address
• 6:59
  in
• 6:59
  there
• 7:00
  and
• 7:00
  bang.
• 7:00
  You
• 7:00
  can
• 7:01
  get
• 7:01
  a
• 7:01
  copy
• 7:01
  of
• 7:01
  my
• 7:01
  book
• 7:01
  absolutely
• 7:02
  free.
• 7:02
  You
• 7:02
  download
• 7:02
  it
• 7:03
  right
• 7:03
  from
• 7:03
  there.
• 7:03
  It's
• 7:04
  filled
• 7:04
  with
• 7:04
  really
• 7:05
  simple
• 7:05
  truths
• 7:05
  to
• 7:06
  help
• 7:06
  you
• 7:06
  grow
• 7:06
  both
• 7:06
  your
• 7:07
  faith
• 7:07
  and
• 7:07
  your
• 7:08
  finances.
• 7:08
  That's
• 7:08
  what
• 7:08
  I'm
• 7:08
  all
• 7:09
  about
• 7:09
  here,
• 7:10
  building
• 7:10
  your
• 7:10
  faith
• 7:10
  and
• 7:11
  your
• 7:11
  finances.
• 7:12
  Now,
• 7:12
  thank
• 7:13
  you
• 7:13
  for
• 7:13
  joining
• 7:13
  me
• 7:13
  today.
• 7:13
  Now
• 7:14
  don't
• 7:14
  forget
• 7:14
  to
• 7:14
  join
• 7:14
  me
• 7:15
  tomorrow.
• 7:15
  On
• 7:15
  tomorrow's
• 7:16
  show,
• 7:16
  we're
• 7:17
  going
• 7:17
  to
• 7:17
  talk
• 7:17
  about
• 7:17
  bonds.
• 7:18
  Yes,
• 7:19
  not
• 7:19
  Barry
• 7:20
  Bonds,
• 7:20
  but
• 7:20
  investing
• 7:21
  in
• 7:21
  bonds,
• 7:21
  the
• 7:22
  safe
• 7:22
  bet
• 7:22
  for
• 7:23
  your
• 7:23
  portfolio.
• 7:24
  Because
• 7:24
  the
• 7:24
  truth
• 7:24
  is
• 7:25
  stocks
• 7:25
  bring
• 7:25
  growth,
• 7:26
  but
• 7:26
  bonds
• 7:26
  bring
• 7:27
  stability.
• 7:27
  So
• 7:27
  you
• 7:27
  don't
• 7:27
  want
• 7:27
  to
• 7:28
  miss
• 7:28
  tomorrow's
• 7:28
  show.
• 7:29
  And
• 7:29
  together
• 7:29
  we
• 7:30
  can
• 7:30
  work
• 7:30
  to
• 7:30
  balance
• 7:31
  that
• 7:31
  portfolio
• 7:31
  out
• 7:32
  together.
• 7:32
  Make
• 7:33
  sure
• 7:33
  you
• 7:33
  don't
• 7:33
  miss
• 7:33
  tomorrow's
• 7:34
  show.
• 7:35
  Now,
• 7:35
  today,
• 7:35
  I
• 7:35
  want
• 7:35
  to
• 7:36
  encourage
• 7:36
  you,
• 7:36
  go
• 7:37
  out
• 7:37
  there
• 7:37
  and
• 7:37
  be
• 7:38
  that
• 7:38
  financially
• 7:38
  confident
• 7:39
  Christian.
• 7:40
  I
• 7:40
  believe
• 7:40
  in
• 7:40
  you.
• 7:41
  But
• 7:41
  more
• 7:41
  importantly
• 7:42
  than
• 7:42
  any
• 7:42
  of
• 7:42
  those
• 7:42
  things,
• 7:43
  God
• 7:43
  believes
• 7:44
  in
• 7:44
  you.
• 7:45
  Stay
• 7:45
  financially
• 7:45
  savvy,
• 7:46
  God
• 7:46
  bless
• 7:47
  you,
• 7:47
  and
• 7:47
  you
• 7:47
  have
• 7:48
  a
• 7:48
  great
• 7:48
  day
• 7:48
  today.