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Transcript

How Do You Survive Financially When You're Barely Making It? · Becoming Financially Confident

• 0:37
  Hey
• 0:37
  everybody.
• 0:38
  Welcome
• 0:38
  to
• 0:38
  Financially
• 0:39
  Confident
• 0:40
  Christian
• 0:40
  Live.
• 0:41
  I'm
• 0:41
  Ralph
• 0:41
  Estepp
• 0:42
  Jr.
• 0:42
  And
• 0:42
  I'm
• 0:43
  so
• 0:43
  glad
• 0:43
  you're
• 0:43
  here
• 0:44
  today.
• 0:44
  This
• 0:45
  show
• 0:45
  is
• 0:45
  for
• 0:45
  believers
• 0:46
  who
• 0:46
  want
• 0:46
  to
• 0:46
  grow
• 0:46
  in
• 0:47
  confidence
• 0:47
  with
• 0:47
  their
• 0:48
  money
• 0:48
  and
• 0:49
  finally
• 0:49
  break
• 0:49
  that
• 0:50
  cycle
• 0:50
  of
• 0:50
  financial
• 0:51
  shame
• 0:51
  and
• 0:52
  live
• 0:52
  with
• 0:52
  confidence.
• 0:53
  This
• 0:54
  show
• 0:54
  isn't
• 0:54
  about
• 0:54
  shame.
• 0:55
  It's
• 0:55
  not
• 0:55
  about
• 0:56
  pressure
• 0:56
  and
• 0:57
  it's
• 0:57
  not
• 0:57
  about
• 0:57
  pretending.
• 0:59
  This
• 0:59
  is
• 0:59
  a
• 0:59
  show
• 0:59
  where
• 1:00
  we
• 1:00
  have
• 1:00
  real
• 1:00
  conversations
• 1:01
  about
• 1:01
  fear
• 1:02
  and
• 1:02
  pressure,
• 1:03
  about
• 1:03
  debt,
• 1:04
  stewardship
• 1:04
  and
• 1:05
  hope,
• 1:05
  and
• 1:05
  about
• 1:06
  that
• 1:06
  next
• 1:06
  right
• 1:07
  step.
• 1:07
  I've
• 1:08
  got
• 1:08
  three
• 1:08
  questions
• 1:09
  today
• 1:09
  from
• 1:09
  listeners
• 1:10
  just
• 1:10
  like
• 1:10
  you.
• 1:11
  We're
• 1:11
  going
• 1:11
  to
• 1:11
  listen
• 1:11
  into
• 1:12
  a
• 1:12
  travel
• 1:12
  nurse
• 1:13
  whose
• 1:13
  family
• 1:14
  is
• 1:14
  stretched
• 1:14
  to
• 1:14
  the
• 1:14
  limit,
• 1:15
  a
• 1:15
  36
• 1:16
  year
• 1:16
  old
• 1:16
  who
• 1:16
  feels
• 1:17
  behind
• 1:17
  because
• 1:17
  she's
• 1:18
  just
• 1:18
  gotten
• 1:18
  started,
• 1:19
  and
• 1:20
  a
• 1:20
  couple
• 1:20
  trying
• 1:20
  to
• 1:20
  make
• 1:21
  the
• 1:21
  right
• 1:21
  tax
• 1:21
  decision.
• 1:22
  These
• 1:23
  are
• 1:23
  people
• 1:23
  going
• 1:24
  through
• 1:24
  and
• 1:24
  doing
• 1:24
  everyday
• 1:25
  right
• 1:25
  things
• 1:26
  and
• 1:26
  still
• 1:26
  feeling
• 1:27
  like
• 1:27
  they're
• 1:27
  not
• 1:27
  enough.
• 1:28
  Does
• 1:28
  that
• 1:28
  sound
• 1:29
  familiar
• 1:29
  to
• 1:29
  me?
• 1:30
  It
• 1:30
  sounds
• 1:30
  familiar
• 1:30
  to
• 1:31
  me.
• 1:31
  This
• 1:31
  is
• 1:32
  a
• 1:32
  no
• 1:32
  judgment
• 1:33
  space.
• 1:33
  You're
• 1:33
  not
• 1:34
  alone.
• 1:34
  You're
• 1:35
  not
• 1:35
  too
• 1:35
  late.
• 1:35
  Here's
• 1:36
  how
• 1:36
  it
• 1:36
  works.
• 1:36
  If
• 1:37
  you're
• 1:37
  joining
• 1:37
  me
• 1:37
  on
• 1:37
  Clubhouse,
• 1:38
  you
• 1:38
  can
• 1:39
  join
• 1:39
  me
• 1:39
  on
• 1:39
  stage
• 1:39
  or
• 1:40
  post
• 1:40
  right
• 1:40
  in
• 1:40
  the
• 1:40
  comments.
• 1:41
  If
• 1:41
  you're
• 1:42
  on
• 1:42
  YouTube,
• 1:42
  feel
• 1:42
  free
• 1:42
  to
• 1:43
  drop
• 1:43
  it
• 1:43
  in
• 1:43
  the
• 1:43
  chat.
• 1:44
  All
• 1:44
  right,
• 1:45
  let's
• 1:45
  get
• 1:45
  started.
• 1:46
  Now.
• 1:46
  Again,
• 1:46
  this
• 1:47
  happens
• 1:47
  every
• 1:48
  Friday
• 1:48
  at
• 1:49
  1pm
• 1:49
  Eastern.
• 1:50
  If
• 1:50
  you're
• 1:50
  interested
• 1:51
  in
• 1:51
  finding
• 1:51
  out
• 1:52
  more
• 1:52
  about
• 1:52
  the
• 1:52
  show,
• 1:52
  you
• 1:53
  can
• 1:53
  go
• 1:53
  to
• 1:53
  our
• 1:53
  website.
• 1:54
  That's
• 1:54
  Financially
• 1:55
  Confident
• 1:55
  Christian.
• 1:57
  And
• 1:57
  here's
• 1:57
  a
• 1:57
  special
• 1:58
  bonus.
• 1:58
  Last
• 1:59
  week
• 1:59
  I
• 1:59
  started
• 2:00
  talking
• 2:00
  about
• 2:00
  the
• 2:00
  Faithful
• 2:01
  Money
• 2:01
  Framework.
• 2:02
  If
• 2:02
  you'd
• 2:02
  like
• 2:02
  to
• 2:03
  get
• 2:03
  a
• 2:03
  copy
• 2:03
  of
• 2:04
  the
• 2:04
  Faithful
• 2:04
  Money
• 2:05
  Framework,
• 2:05
  you
• 2:06
  can
• 2:06
  join
• 2:06
  our
• 2:06
  Patreon.
• 2:07
  I
• 2:07
  won't
• 2:07
  charge
• 2:07
  you
• 2:07
  a
• 2:08
  dime.
• 2:08
  I
• 2:08
  just
• 2:08
  want
• 2:09
  you
• 2:09
  to
• 2:09
  go
• 2:09
  be
• 2:09
  a
• 2:09
  member
• 2:10
  of
• 2:10
  the
• 2:10
  community.
• 2:10
  You
• 2:11
  get
• 2:11
  to
• 2:11
  that
• 2:11
  by
• 2:11
  going
• 2:12
  to
• 2:12
  financiallyconfidentchristian.com
• 2:16
  fcclive.
• 2:17
  We'll
• 2:18
  put
• 2:18
  that
• 2:18
  in
• 2:18
  the
• 2:18
  show
• 2:18
  notes,
• 2:19
  but
• 2:19
  let
• 2:19
  me
• 2:19
  give
• 2:20
  you
• 2:20
  that
• 2:20
  again,
• 2:20
  it's
• 2:21
  financially
• 2:22
  confident
• 2:22
  Christian.com
• 2:24
  FCCLive
• 2:27
  well,
• 2:27
  let's
• 2:27
  get
• 2:27
  right
• 2:28
  to
• 2:28
  our
• 2:28
  first
• 2:29
  question
• 2:29
  and
• 2:30
  if
• 2:30
  you've
• 2:30
  got
• 2:30
  a
• 2:30
  question,
• 2:30
  feel
• 2:31
  free
• 2:31
  to
• 2:31
  type
• 2:31
  it
• 2:31
  into
• 2:32
  the
• 2:32
  chat.
• 2:32
  If
• 2:32
  you're
• 2:33
  joining
• 2:33
  us
• 2:33
  on
• 2:34
  Clubhouse,
• 2:34
  you
• 2:34
  can
• 2:35
  ask
• 2:35
  to
• 2:35
  be
• 2:35
  brought
• 2:35
  on
• 2:35
  stage
• 2:36
  and
• 2:36
  actually
• 2:36
  ask
• 2:36
  your
• 2:37
  question.
• 2:37
  I'm
• 2:38
  happy
• 2:38
  to
• 2:38
  answer
• 2:39
  it.
• 2:39
  Well,
• 2:39
  let's
• 2:39
  jump
• 2:40
  right
• 2:40
  into
• 2:40
  our
• 2:40
  first
• 2:41
  listener
• 2:41
  question.
• 2:42
  This
• 2:42
  listener
• 2:43
  question
• 2:43
  says
• 2:44
  this
• 2:44
  says
• 2:44
  Ralph,
• 2:45
  my
• 2:45
  husband
• 2:45
  lost
• 2:46
  his
• 2:46
  job
• 2:46
  in
• 2:46
  February
• 2:47
  and
• 2:48
  went
• 2:48
  back
• 2:48
  to
• 2:48
  school
• 2:48
  to
• 2:49
  get
• 2:49
  qualifications
• 2:50
  so
• 2:50
  he
• 2:50
  can
• 2:51
  actually
• 2:51
  support
• 2:51
  our
• 2:52
  family.
• 2:53
  I'm
• 2:53
  a
• 2:53
  travel
• 2:53
  nurse
• 2:54
  so
• 2:54
  my
• 2:55
  income
• 2:55
  covers
• 2:55
  the
• 2:56
  mortgage
• 2:56
  and
• 2:56
  the
• 2:57
  basics.
• 2:57
  But
• 2:57
  we're
• 2:58
  really
• 2:58
  stretched
• 2:58
  in.
• 2:59
  He's
• 2:59
  starting
• 3:00
  a
• 3:00
  part
• 3:00
  time
• 3:00
  job
• 3:00
  this
• 3:01
  week.
• 3:01
  But
• 3:02
  even
• 3:02
  with
• 3:02
  that,
• 3:02
  we're
• 3:02
  going
• 3:02
  to
• 3:03
  be
• 3:03
  really
• 3:03
  struggling
• 3:03
  to
• 3:04
  get
• 3:04
  through
• 3:04
  the
• 3:04
  next
• 3:04
  year.
• 3:05
  We
• 3:05
  have
• 3:05
  a
• 3:06
  toddler
• 3:06
  and
• 3:06
  another
• 3:07
  baby
• 3:07
  on
• 3:07
  the
• 3:07
  way.
• 3:08
  Sounds
• 3:08
  like
• 3:08
  you
• 3:08
  got
• 3:09
  your
• 3:09
  hands
• 3:09
  full.
• 3:10
  I
• 3:10
  make
• 3:10
  just
• 3:11
  enough
• 3:11
  to
• 3:11
  disqualify
• 3:12
  us
• 3:12
  from
• 3:13
  food
• 3:13
  stamps,
• 3:13
  but
• 3:14
  our
• 3:14
  grocery
• 3:14
  bills
• 3:15
  are
• 3:15
  killing
• 3:15
  us.
• 3:16
  I
• 3:16
  feel
• 3:16
  like
• 3:16
  I'm
• 3:17
  doing
• 3:17
  everything
• 3:17
  I
• 3:17
  can
• 3:18
  to
• 3:18
  save,
• 3:19
  but
• 3:19
  I
• 3:19
  don't
• 3:19
  know
• 3:19
  how
• 3:20
  we're
• 3:20
  going
• 3:20
  to
• 3:20
  make
• 3:20
  it.
• 3:21
  How
• 3:21
  do
• 3:21
  I
• 3:21
  survive
• 3:22
  one
• 3:22
  more
• 3:22
  year
• 3:23
  while
• 3:23
  being
• 3:23
  broke?
• 3:24
  I
• 3:25
  would
• 3:25
  love
• 3:25
  to
• 3:25
  hear
• 3:25
  your
• 3:25
  thoughts
• 3:26
  on
• 3:26
  this.
• 3:27
  Well,
• 3:27
  first
• 3:27
  thing
• 3:27
  is
• 3:28
  thank
• 3:28
  you
• 3:28
  so
• 3:28
  much
• 3:29
  for
• 3:29
  sending
• 3:29
  me
• 3:29
  that
• 3:29
  question.
• 3:30
  This
• 3:30
  is
• 3:30
  a
• 3:31
  question
• 3:31
  I
• 3:31
  get
• 3:31
  all
• 3:32
  the
• 3:32
  time.
• 3:32
  There's
• 3:32
  a
• 3:32
  lot
• 3:33
  of
• 3:33
  people
• 3:33
  in
• 3:33
  a
• 3:34
  very
• 3:34
  similar
• 3:34
  circumstance
• 3:35
  to
• 3:35
  you,
• 3:36
  and
• 3:36
  it
• 3:36
  sounds
• 3:37
  to
• 3:37
  me
• 3:37
  like
• 3:37
  you're
• 3:38
  doing
• 3:38
  everything
• 3:38
  right.
• 3:39
  You've
• 3:39
  alluded
• 3:40
  to
• 3:40
  that
• 3:40
  in
• 3:40
  your
• 3:40
  question.
• 3:40
  You're
• 3:41
  like,
• 3:41
  ralph,
• 3:41
  I'm
• 3:41
  saving.
• 3:42
  I'm
• 3:42
  doing
• 3:42
  all
• 3:42
  these
• 3:42
  things.
• 3:43
  Your
• 3:43
  husband
• 3:43
  is
• 3:44
  going
• 3:44
  back
• 3:44
  and
• 3:44
  getting
• 3:45
  skills,
• 3:45
  which
• 3:45
  is
• 3:45
  all
• 3:46
  great.
• 3:47
  So
• 3:47
  you're
• 3:47
  doing
• 3:47
  all
• 3:47
  the
• 3:48
  right
• 3:48
  things,
• 3:48
  but
• 3:49
  you're
• 3:49
  still
• 3:49
  feeling
• 3:50
  like
• 3:50
  you're
• 3:50
  short.
• 3:51
  And
• 3:51
  unfortunately,
• 3:52
  like
• 3:52
  a
• 3:52
  lot
• 3:52
  of
• 3:53
  folks,
• 3:53
  you're
• 3:53
  making
• 3:54
  too
• 3:54
  much
• 3:54
  money
• 3:54
  to
• 3:55
  qualify
• 3:55
  for
• 3:55
  help,
• 3:56
  but
• 3:56
  not
• 3:56
  enough
• 3:56
  to
• 3:57
  feel
• 3:57
  stable.
• 3:58
  And
• 3:58
  listen,
• 3:58
  I'll
• 3:59
  raise
• 3:59
  my
• 3:59
  hand
• 3:59
  and
• 3:59
  say,
• 3:59
  right
• 4:00
  now,
• 4:00
  the
• 4:00
  price
• 4:00
  of
• 4:00
  groceries
• 4:01
  is
• 4:01
  outrageous.
• 4:02
  I
• 4:02
  went
• 4:03
  to
• 4:03
  the
• 4:03
  grocery
• 4:03
  store
• 4:03
  with
• 4:03
  my
• 4:04
  wife
• 4:04
  a
• 4:04
  week
• 4:04
  or
• 4:04
  two
• 4:05
  ago,
• 4:05
  and
• 4:05
  she
• 4:05
  always
• 4:06
  thinks,
• 4:06
  like,
• 4:06
  I'm
• 4:06
  crazy
• 4:07
  when
• 4:07
  I
• 4:07
  walk
• 4:07
  down
• 4:07
  the
• 4:08
  aisles
• 4:08
  because
• 4:08
  I
• 4:09
  sort
• 4:09
  of
• 4:09
  like
• 4:09
  sticker
• 4:10
  shock
• 4:10
  as
• 4:10
  I
• 4:10
  walk
• 4:10
  down.
• 4:11
  It's
• 4:11
  like,
• 4:11
  this
• 4:11
  cost
• 4:12
  how
• 4:12
  much?
• 4:13
  So
• 4:13
  I
• 4:13
  totally
• 4:14
  get
• 4:14
  it.
• 4:14
  Add
• 4:15
  to
• 4:15
  that
• 4:15
  the
• 4:15
  weight
• 4:16
  you're
• 4:16
  carrying
• 4:16
  that
• 4:17
  you
• 4:17
  feel
• 4:17
  like
• 4:17
  you're
• 4:17
  carrying
• 4:18
  this
• 4:18
  alone
• 4:18
  while
• 4:19
  your
• 4:19
  partner
• 4:19
  rebuilds.
• 4:21
  All
• 4:21
  of
• 4:21
  those
• 4:21
  things
• 4:21
  are
• 4:22
  good
• 4:22
  things.
• 4:22
  But
• 4:22
  I
• 4:22
  understand
• 4:23
  the
• 4:23
  pressure.
• 4:24
  I
• 4:24
  understand
• 4:24
  the
• 4:25
  overwhelm
• 4:25
  that
• 4:25
  you're
• 4:25
  feeling.
• 4:26
  But
• 4:26
  I
• 4:26
  want
• 4:27
  to
• 4:27
  start
• 4:27
  off
• 4:27
  with
• 4:27
  some
• 4:27
  main
• 4:28
  things
• 4:28
  here.
• 4:29
  Number
• 4:29
  one
• 4:29
  thing,
• 4:30
  you're
• 4:30
  not
• 4:30
  failing.
• 4:32
  You're
• 4:32
  making
• 4:32
  all
• 4:33
  the
• 4:33
  right
• 4:33
  decisions.
• 4:33
  Your
• 4:34
  mortgage
• 4:34
  is
• 4:34
  paid.
• 4:35
  Your
• 4:35
  family's
• 4:36
  fed.
• 4:36
  Hey,
• 4:37
  your
• 4:37
  husband's
• 4:37
  building
• 4:37
  towards
• 4:38
  something
• 4:38
  better.
• 4:39
  If
• 4:39
  you
• 4:39
  said
• 4:39
  to
• 4:40
  me,
• 4:40
  hey,
• 4:40
  my
• 4:40
  husband's
• 4:41
  not
• 4:41
  working,
• 4:41
  he's
• 4:41
  laying
• 4:42
  on
• 4:42
  the
• 4:42
  couch
• 4:42
  like
• 4:42
  a
• 4:42
  bum,
• 4:43
  then
• 4:43
  we'd
• 4:43
  have
• 4:43
  a
• 4:44
  different
• 4:44
  discussion.
• 4:45
  But
• 4:45
  your
• 4:45
  husband
• 4:45
  is
• 4:46
  doing
• 4:46
  things
• 4:46
  to
• 4:46
  help
• 4:47
  himself.
• 4:47
  He's
• 4:48
  doing
• 4:48
  things
• 4:48
  to
• 4:48
  better
• 4:49
  himself.
• 4:50
  All
• 4:50
  of
• 4:50
  those
• 4:51
  things
• 4:51
  are
• 4:51
  success,
• 4:53
  even
• 4:53
  if
• 4:53
  it
• 4:53
  doesn't
• 4:54
  feel
• 4:54
  like
• 4:54
  it
• 4:54
  right
• 4:54
  now.
• 4:55
  Now,
• 4:55
  one
• 4:56
  of
• 4:56
  the
• 4:56
  things
• 4:56
  you
• 4:56
  mentioned
• 4:56
  in
• 4:57
  your
• 4:57
  question
• 4:57
  was
• 4:58
  qualifying
• 4:59
  for
• 4:59
  benefits.
• 5:00
  I
• 5:00
  think
• 5:00
  you
• 5:01
  might
• 5:01
  want
• 5:01
  to
• 5:01
  take
• 5:01
  a
• 5:01
  look
• 5:01
  at
• 5:01
  that
• 5:01
  again
• 5:02
  and
• 5:02
  check
• 5:02
  what
• 5:02
  you
• 5:03
  actually
• 5:03
  qualify
• 5:04
  for.
• 5:04
  I'm
• 5:04
  going
• 5:04
  to
• 5:05
  list
• 5:05
  a
• 5:05
  few
• 5:05
  things
• 5:05
  as
• 5:06
  we
• 5:06
  prepared
• 5:06
  for
• 5:06
  this
• 5:06
  show.
• 5:07
  We
• 5:07
  got
• 5:07
  your
• 5:07
  question
• 5:07
  ahead
• 5:08
  of
• 5:08
  time.
• 5:08
  I.
• 5:08
  I
• 5:08
  wanted
• 5:09
  to
• 5:09
  list
• 5:09
  a
• 5:09
  couple
• 5:09
  things
• 5:10
  that
• 5:10
  might
• 5:10
  be
• 5:10
  useful
• 5:11
  to
• 5:11
  you.
• 5:11
  One
• 5:12
  of
• 5:12
  the
• 5:12
  things
• 5:12
  you
• 5:12
  could
• 5:12
  look
• 5:12
  at
• 5:13
  is
• 5:13
  wic.
• 5:13
  There
• 5:14
  are
• 5:14
  local
• 5:14
  food
• 5:15
  banks.
• 5:15
  A
• 5:15
  lot
• 5:16
  of
• 5:16
  churches
• 5:16
  have
• 5:17
  church
• 5:17
  pantries.
• 5:18
  And
• 5:18
  you
• 5:18
  might
• 5:18
  be
• 5:18
  saying,
• 5:19
  ralph,
• 5:19
  I
• 5:19
  don't
• 5:19
  really
• 5:19
  want
• 5:20
  to
• 5:20
  be
• 5:20
  involved
• 5:20
  in
• 5:20
  that.
• 5:21
  I
• 5:21
  totally
• 5:22
  understand
• 5:22
  that.
• 5:23
  But
• 5:23
  if
• 5:23
  you're
• 5:24
  a
• 5:24
  hospital
• 5:24
  employee,
• 5:25
  a
• 5:25
  lot
• 5:25
  of
• 5:25
  hospitals
• 5:26
  have
• 5:26
  assistance
• 5:27
  programs.
• 5:27
  A
• 5:28
  lot
• 5:28
  of
• 5:28
  these
• 5:28
  things
• 5:28
  go
• 5:29
  missed.
• 5:29
  A
• 5:29
  lot
• 5:30
  of
• 5:30
  people
• 5:30
  don't
• 5:30
  realize
• 5:31
  that
• 5:31
  just
• 5:32
  one
• 5:32
  conversation
• 5:33
  could
• 5:33
  really
• 5:34
  free
• 5:34
  up
• 5:34
  some
• 5:34
  real
• 5:34
  money
• 5:35
  for
• 5:35
  you.
• 5:36
  The
• 5:36
  other
• 5:36
  thing
• 5:36
  I
• 5:36
  want
• 5:36
  you
• 5:37
  to
• 5:37
  understand
• 5:37
  is
• 5:38
  all
• 5:38
  of
• 5:38
  this
• 5:38
  has
• 5:39
  an
• 5:39
  end
• 5:39
  date.
• 5:40
  And
• 5:40
  you
• 5:40
  mentioned
• 5:41
  you
• 5:41
  are
• 5:41
  having
• 5:42
  a
• 5:42
  baby.
• 5:42
  Congratulations.
• 5:43
  I'm
• 5:44
  getting
• 5:44
  ready
• 5:44
  to
• 5:44
  be
• 5:44
  a
• 5:44
  grandfather
• 5:45
  here
• 5:45
  pretty
• 5:45
  soon.
• 5:45
  In
• 5:46
  fact,
• 5:46
  just
• 5:46
  yesterday
• 5:47
  as
• 5:47
  I
• 5:47
  record
• 5:48
  this,
• 5:48
  my
• 5:48
  daughter
• 5:48
  in
• 5:49
  law
• 5:49
  went
• 5:49
  to
• 5:49
  the
• 5:49
  doctor
• 5:50
  and
• 5:50
  they
• 5:50
  moved
• 5:50
  her
• 5:50
  due
• 5:50
  date
• 5:51
  up.
• 5:51
  So
• 5:51
  it's
• 5:52
  about
• 5:52
  any
• 5:52
  day
• 5:53
  now.
• 5:53
  We're
• 5:53
  just
• 5:53
  super
• 5:54
  excited.
• 5:55
  But
• 5:55
  I
• 5:55
  also
• 5:56
  realize
• 5:56
  in
• 5:56
  your
• 5:56
  situation,
• 5:57
  this
• 5:57
  has
• 5:58
  an
• 5:58
  end
• 5:58
  date.
• 5:59
  Your
• 5:59
  husband's
• 6:00
  income
• 6:00
  is
• 6:00
  going
• 6:00
  to
• 6:00
  grow
• 6:01
  once
• 6:01
  he
• 6:01
  gets
• 6:01
  through
• 6:02
  his
• 6:02
  retraining
• 6:03
  or
• 6:03
  whatever
• 6:03
  he's
• 6:03
  working
• 6:04
  on.
• 6:04
  You
• 6:04
  weren't
• 6:04
  specific
• 6:04
  in
• 6:04
  that.
• 6:05
  He's
• 6:05
  going
• 6:06
  to
• 6:06
  get
• 6:06
  a
• 6:06
  better
• 6:07
  job,
• 6:07
  he's
• 6:07
  going
• 6:07
  to
• 6:07
  be
• 6:07
  re
• 6:08
  employed,
• 6:08
  the
• 6:09
  baby's
• 6:09
  going
• 6:09
  to
• 6:09
  arrive
• 6:10
  and
• 6:10
  next
• 6:11
  year
• 6:11
  is
• 6:11
  going
• 6:11
  to
• 6:11
  look
• 6:11
  a
• 6:11
  lot
• 6:11
  different.
• 6:12
  The
• 6:13
  pressure
• 6:13
  that
• 6:13
  you're
• 6:14
  feeling
• 6:14
  right
• 6:14
  now
• 6:14
  is
• 6:15
  real,
• 6:15
  I
• 6:16
  get
• 6:16
  that.
• 6:16
  But
• 6:17
  it's
• 6:17
  not
• 6:17
  permanent
• 6:18
  and
• 6:18
  you
• 6:18
  can't
• 6:18
  define
• 6:19
  your
• 6:19
  whole
• 6:19
  existence
• 6:19
  around
• 6:20
  it.
• 6:20
  And
• 6:20
  plus,
• 6:20
  to
• 6:20
  be
• 6:21
  frank
• 6:21
  with
• 6:21
  you,
• 6:22
  it's
• 6:22
  not
• 6:22
  good
• 6:22
  for
• 6:22
  your
• 6:23
  mental
• 6:23
  health.
• 6:24
  I
• 6:24
  want
• 6:24
  to
• 6:24
  go
• 6:24
  to
• 6:24
  scripture
• 6:25
  now
• 6:25
  because
• 6:25
  with
• 6:26
  this
• 6:26
  show
• 6:26
  I
• 6:26
  always
• 6:26
  want
• 6:27
  to
• 6:27
  put
• 6:27
  some
• 6:28
  scripture
• 6:28
  into
• 6:28
  what
• 6:28
  we're
• 6:29
  talking
• 6:29
  about.
• 6:29
  And
• 6:30
  this
• 6:30
  one
• 6:30
  comes
• 6:30
  from
• 6:30
  the
• 6:31
  book
• 6:31
  of
• 6:31
  Proverbs.
• 6:32
  This
• 6:32
  is
• 6:32
  the
• 6:33
  Proverbs,
• 6:33
  chapter
• 6:33
  8,
• 6:34
  verse
• 6:34
  11.
• 6:35
  It
• 6:35
  says,
• 6:35
  for
• 6:35
  wisdom
• 6:36
  is
• 6:36
  more
• 6:36
  precious
• 6:37
  than
• 6:37
  rubies.
• 6:38
  And
• 6:39
  in
• 6:39
  a
• 6:39
  lot
• 6:39
  of
• 6:39
  ways
• 6:39
  your
• 6:40
  husband
• 6:40
  is
• 6:40
  getting
• 6:40
  wisdom
• 6:41
  right
• 6:41
  now.
• 6:41
  That's
• 6:42
  what
• 6:42
  he's
• 6:42
  doing.
• 6:42
  He's
• 6:43
  going
• 6:43
  and
• 6:43
  bettering
• 6:44
  himself.
• 6:44
  He's
• 6:45
  getting
• 6:45
  that
• 6:45
  education
• 6:46
  or
• 6:46
  that
• 6:46
  training.
• 6:47
  That
• 6:47
  right
• 6:48
  there
• 6:48
  is
• 6:48
  an
• 6:48
  investment
• 6:49
  in
• 6:49
  your
• 6:49
  family's
• 6:50
  future.
• 6:50
  And
• 6:51
  that
• 6:51
  is
• 6:51
  an
• 6:51
  absolutely
• 6:52
  beautiful
• 6:53
  thing
• 6:53
  to
• 6:53
  do.
• 6:54
  And
• 6:54
  listen,
• 6:55
  I
• 6:55
  came
• 6:55
  from
• 6:55
  a
• 6:55
  single
• 6:56
  income.
• 6:56
  My
• 6:56
  mother
• 6:57
  and
• 6:57
  my
• 6:57
  dad
• 6:57
  split
• 6:57
  up
• 6:58
  when
• 6:58
  I
• 6:58
  was
• 6:58
  younger.
• 6:59
  So
• 6:59
  I
• 6:59
  totally
• 7:00
  understand
• 7:00
  that
• 7:01
  transition.
• 7:02
  So
• 7:02
  right
• 7:02
  now
• 7:02
  in
• 7:02
  the
• 7:03
  chat,
• 7:03
  if
• 7:03
  anybody
• 7:03
  is
• 7:04
  feeling
• 7:04
  this
• 7:04
  same
• 7:04
  pressure,
• 7:05
  I
• 7:06
  would
• 7:06
  love
• 7:06
  to
• 7:06
  hear
• 7:06
  from
• 7:06
  you.
• 7:07
  Is
• 7:07
  there
• 7:08
  anything
• 7:08
  that
• 7:08
  you
• 7:08
  can
• 7:09
  provide
• 7:09
  or
• 7:09
  any
• 7:10
  ideas
• 7:10
  that
• 7:11
  you
• 7:11
  have
• 7:11
  to
• 7:11
  help
• 7:12
  this
• 7:12
  person
• 7:12
  survive
• 7:13
  this
• 7:13
  difficult
• 7:13
  time?
• 7:15
  What's
• 7:15
  interesting
• 7:16
  is
• 7:16
  in
• 7:16
  addition
• 7:17
  to
• 7:17
  that
• 7:18
  we
• 7:18
  found
• 7:18
  an
• 7:18
  article.
• 7:19
  Now
• 7:19
  this
• 7:19
  article
• 7:20
  was
• 7:20
  written
• 7:20
  by
• 7:21
  something
• 7:21
  called
• 7:22
  Coast
• 7:22
  Capital.
• 7:23
  It's
• 7:23
  called
• 7:24
  Breaking
• 7:24
  the
• 7:24
  Cycle
• 7:25
  of
• 7:25
  Financial
• 7:25
  Shame.
• 7:26
  And
• 7:26
  we'll
• 7:26
  put
• 7:26
  a
• 7:26
  link
• 7:26
  to
• 7:26
  that
• 7:27
  in
• 7:27
  the
• 7:27
  show
• 7:27
  notes.
• 7:27
  I
• 7:27
  encourage
• 7:28
  you
• 7:28
  to
• 7:28
  check
• 7:28
  it
• 7:28
  out.
• 7:29
  And
• 7:29
  the
• 7:30
  reason
• 7:30
  why
• 7:30
  this
• 7:30
  article
• 7:31
  is
• 7:31
  so
• 7:31
  important
• 7:32
  is
• 7:32
  it
• 7:32
  really
• 7:32
  highlights
• 7:33
  the
• 7:33
  fact
• 7:33
  that
• 7:34
  your
• 7:34
  family
• 7:35
  situation
• 7:35
  isn't
• 7:36
  unique.
• 7:37
  There's
• 7:37
  actually
• 7:37
  research
• 7:38
  on
• 7:38
  exactly
• 7:39
  what
• 7:39
  you're
• 7:39
  experiencing.
• 7:40
  And
• 7:40
  I
• 7:40
  want
• 7:40
  to
• 7:41
  share
• 7:41
  that
• 7:41
  with
• 7:41
  you
• 7:41
  because
• 7:42
  it
• 7:42
  changes
• 7:43
  how
• 7:43
  you
• 7:43
  see
• 7:43
  your
• 7:43
  own
• 7:44
  struggle.
• 7:44
  Here's
• 7:45
  the
• 7:45
  main
• 7:45
  points
• 7:45
  that
• 7:46
  it
• 7:46
  talks
• 7:46
  about
• 7:46
  in
• 7:46
  this
• 7:47
  article.
• 7:48
  First
• 7:48
  thing,
• 7:48
  feeling
• 7:49
  like
• 7:49
  everyone
• 7:49
  else
• 7:50
  has
• 7:50
  it
• 7:50
  figured
• 7:50
  out
• 7:51
  except
• 7:51
  for
• 7:51
  you.
• 7:52
  I
• 7:52
  think
• 7:52
  all
• 7:52
  of
• 7:53
  us
• 7:53
  lean
• 7:53
  into
• 7:54
  that
• 7:54
  at
• 7:54
  times.
• 7:55
  We
• 7:55
  feel
• 7:55
  like
• 7:55
  there's
• 7:55
  no
• 7:56
  way
• 7:56
  I'm
• 7:56
  the
• 7:56
  only
• 7:56
  one
• 7:56
  that's
• 7:57
  on
• 7:57
  this
• 7:57
  aisle.
• 7:57
  And
• 7:57
  I
• 7:58
  feel
• 7:58
  like
• 7:58
  I'm
• 7:58
  all
• 7:59
  by
• 7:59
  myself
• 7:59
  on
• 7:59
  this.
• 8:00
  But
• 8:00
  guess
• 8:01
  what?
• 8:01
  There's
• 8:01
  a
• 8:02
  lot
• 8:02
  of
• 8:02
  people
• 8:02
  that
• 8:02
  have
• 8:02
  gone
• 8:03
  through
• 8:03
  what
• 8:03
  you're
• 8:03
  going
• 8:04
  through.
• 8:04
  There's
• 8:04
  a
• 8:04
  lot
• 8:05
  of
• 8:05
  people
• 8:05
  that
• 8:05
  are
• 8:05
  right
• 8:06
  now
• 8:06
  going
• 8:06
  through
• 8:06
  what
• 8:07
  you're
• 8:07
  going
• 8:07
  through.
• 8:08
  The
• 8:08
  other
• 8:08
  problem
• 8:09
  that
• 8:09
  this
• 8:09
  article
• 8:09
  talks
• 8:10
  about,
• 8:10
  I'm
• 8:10
  going
• 8:10
  to
• 8:10
  get
• 8:10
  to
• 8:11
  some
• 8:11
  statistics
• 8:11
  here
• 8:11
  in
• 8:12
  a
• 8:12
  couple
• 8:12
  quotes
• 8:12
  in
• 8:12
  a
• 8:12
  minute.
• 8:13
  The
• 8:13
  other
• 8:14
  thing
• 8:14
  it
• 8:14
  says
• 8:14
  here
• 8:14
  is
• 8:14
  thinking
• 8:15
  about
• 8:15
  money
• 8:15
  constantly
• 8:16
  but
• 8:16
  never
• 8:17
  talking
• 8:17
  about
• 8:17
  it.
• 8:17
  Now
• 8:18
  you've
• 8:18
  reached
• 8:18
  out,
• 8:19
  so
• 8:19
  you've
• 8:19
  already
• 8:19
  broken
• 8:20
  that
• 8:20
  bond
• 8:20
  of
• 8:21
  just
• 8:21
  keeping
• 8:21
  it
• 8:21
  inside.
• 8:22
  A
• 8:22
  lot
• 8:22
  of
• 8:22
  people
• 8:22
  just
• 8:22
  take
• 8:23
  this
• 8:23
  inside
• 8:24
  and
• 8:24
  they
• 8:24
  don't
• 8:24
  share
• 8:25
  it
• 8:25
  with
• 8:25
  other
• 8:25
  people.
• 8:25
  They
• 8:25
  don't
• 8:26
  talk
• 8:26
  about
• 8:26
  it
• 8:26
  with
• 8:26
  other
• 8:26
  people.
• 8:28
  So
• 8:28
  that
• 8:28
  is
• 8:28
  the
• 8:29
  first
• 8:29
  step
• 8:29
  of
• 8:29
  that,
• 8:29
  because
• 8:30
  believing
• 8:30
  you're
• 8:30
  alone
• 8:31
  in
• 8:31
  this
• 8:31
  struggle
• 8:32
  is
• 8:33
  really
• 8:33
  hard,
• 8:34
  but
• 8:35
  you're
• 8:35
  actually
• 8:35
  in
• 8:35
  the
• 8:35
  majority.
• 8:36
  A
• 8:37
  lot
• 8:37
  of
• 8:37
  people
• 8:37
  are
• 8:37
  feeling
• 8:38
  these
• 8:38
  same
• 8:38
  stresses.
• 8:39
  Let
• 8:39
  me
• 8:39
  give
• 8:39
  you
• 8:39
  some
• 8:39
  examples
• 8:40
  of
• 8:40
  this.
• 8:40
  Here's
• 8:41
  some
• 8:41
  statistics
• 8:41
  right
• 8:41
  from
• 8:42
  this
• 8:42
  article.
• 8:43
  36%
• 8:44
  of
• 8:44
  people
• 8:44
  feel
• 8:45
  shame
• 8:45
  about
• 8:45
  their
• 8:45
  finances.
• 8:47
  That's
• 8:47
  more
• 8:47
  than
• 8:47
  one
• 8:48
  in
• 8:48
  three.
• 8:49
  The
• 8:49
  whole
• 8:50
  focus
• 8:50
  of
• 8:50
  this
• 8:50
  show
• 8:50
  is
• 8:51
  helping
• 8:51
  you
• 8:51
  break
• 8:52
  that
• 8:52
  cycle
• 8:52
  of
• 8:52
  financial
• 8:53
  shame.
• 8:53
  But
• 8:53
  listen,
• 8:53
  you're
• 8:54
  not
• 8:54
  alone
• 8:54
  in
• 8:54
  that.
• 8:55
  36%
• 8:56
  of
• 8:57
  people,
• 8:57
  just
• 8:57
  like
• 8:58
  you,
• 8:58
  feel
• 8:59
  shame
• 8:59
  about
• 8:59
  their
• 9:00
  finances.
• 9:00
  Here's
• 9:01
  another
• 9:01
  statistic.
• 9:02
  74%
• 9:03
  think
• 9:03
  about
• 9:04
  money
• 9:04
  for
• 9:04
  more
• 9:05
  than
• 9:05
  they
• 9:05
  talk
• 9:05
  about
• 9:05
  it.
• 9:06
  So
• 9:06
  they
• 9:06
  think
• 9:07
  about
• 9:07
  it,
• 9:07
  but
• 9:07
  they
• 9:07
  don't
• 9:08
  talk
• 9:08
  about
• 9:08
  it.
• 9:09
  But
• 9:09
  the
• 9:09
  thing
• 9:09
  I
• 9:09
  love
• 9:10
  about
• 9:10
  this
• 9:10
  article,
• 9:10
  it
• 9:11
  states
• 9:11
  a
• 9:11
  very
• 9:12
  basic
• 9:12
  thing.
• 9:12
  It
• 9:12
  says
• 9:13
  when
• 9:13
  people
• 9:13
  finally
• 9:14
  open
• 9:14
  up,
• 9:15
  they
• 9:15
  realize
• 9:16
  they're
• 9:16
  not
• 9:16
  alone
• 9:16
  in
• 9:17
  this.
• 9:18
  And
• 9:18
  I
• 9:18
  think
• 9:18
  that's
• 9:19
  so
• 9:19
  important.
• 9:19
  Let
• 9:20
  me
• 9:20
  give
• 9:20
  you
• 9:20
  some
• 9:20
  quotes
• 9:20
  from
• 9:20
  the
• 9:20
  article.
• 9:21
  One
• 9:21
  of
• 9:21
  the
• 9:21
  quotes
• 9:21
  is
• 9:22
  from
• 9:22
  this
• 9:22
  woman
• 9:22
  named
• 9:22
  Amy
• 9:23
  Chao,
• 9:23
  and
• 9:24
  it
• 9:24
  says
• 9:24
  the
• 9:24
  silence
• 9:25
  that
• 9:25
  shame
• 9:25
  imposes
• 9:26
  is
• 9:26
  prevailing,
• 9:27
  preventing
• 9:27
  us
• 9:27
  from
• 9:27
  having
• 9:28
  important
• 9:28
  conversations
• 9:29
  and
• 9:30
  actively
• 9:30
  taking
• 9:31
  steps
• 9:31
  within
• 9:31
  our
• 9:31
  control
• 9:32
  that
• 9:32
  can
• 9:32
  unlock
• 9:33
  financial
• 9:34
  opportunities
• 9:34
  and
• 9:35
  improve
• 9:35
  our
• 9:36
  situation.
• 9:37
  It's
• 9:37
  that
• 9:37
  silence
• 9:39
  because
• 9:39
  we
• 9:39
  all
• 9:39
  are
• 9:40
  feeling
• 9:40
  the
• 9:40
  shame.
• 9:41
  But
• 9:41
  that
• 9:41
  very
• 9:42
  silence
• 9:42
  is
• 9:43
  preventing
• 9:43
  us
• 9:43
  from
• 9:43
  having
• 9:44
  the
• 9:44
  important
• 9:44
  conversations
• 9:45
  and
• 9:46
  actively
• 9:46
  doing
• 9:47
  something
• 9:47
  within
• 9:47
  our
• 9:48
  control
• 9:48
  that
• 9:49
  can
• 9:49
  unlock
• 9:49
  some
• 9:50
  opportunities.
• 9:50
  Here's
• 9:51
  another
• 9:51
  quote
• 9:51
  from
• 9:51
  somebody
• 9:52
  named
• 9:52
  Chantel
• 9:53
  Chapman.
• 9:53
  She's
• 9:54
  a
• 9:54
  financial
• 9:54
  trauma
• 9:55
  researcher,
• 9:56
  and
• 9:56
  she
• 9:56
  says
• 9:56
  this.
• 9:56
  She
• 9:57
  says
• 9:57
  financial
• 9:57
  shame
• 9:58
  isolates
• 9:58
  us
• 9:59
  and
• 9:59
  can
• 9:59
  lead
• 10:00
  to
• 10:00
  avoidance
• 10:00
  patterns,
• 10:01
  making
• 10:02
  financial
• 10:02
  literacy
• 10:03
  support
• 10:03
  and
• 10:04
  pathways
• 10:04
  to
• 10:05
  actions
• 10:05
  inaccessible.
• 10:06
  Again,
• 10:07
  it's
• 10:07
  that
• 10:07
  financial
• 10:08
  shame.
• 10:08
  We
• 10:08
  put
• 10:08
  ourselves
• 10:09
  in
• 10:09
  this
• 10:10
  bubble,
• 10:10
  and
• 10:10
  what
• 10:11
  it
• 10:11
  does
• 10:11
  is
• 10:11
  it
• 10:11
  isolates
• 10:12
  us
• 10:12
  from
• 10:13
  things
• 10:13
  that
• 10:13
  can
• 10:14
  help
• 10:14
  us,
• 10:14
  and
• 10:14
  it
• 10:15
  makes
• 10:15
  us
• 10:15
  avoid
• 10:15
  things.
• 10:16
  It
• 10:16
  doesn't
• 10:17
  allow
• 10:17
  us
• 10:17
  to
• 10:17
  go
• 10:18
  and
• 10:18
  get
• 10:18
  that
• 10:18
  literacy
• 10:19
  that
• 10:19
  we
• 10:19
  need,
• 10:19
  get
• 10:19
  the
• 10:20
  support
• 10:20
  we
• 10:20
  need.
• 10:21
  Here's
• 10:21
  another
• 10:21
  quote
• 10:22
  from
• 10:22
  Chantel.
• 10:22
  She
• 10:22
  says
• 10:23
  naming
• 10:23
  this
• 10:23
  experience
• 10:24
  is
• 10:24
  a
• 10:25
  starting
• 10:25
  intervention
• 10:26
  to
• 10:26
  overcoming
• 10:27
  shame.
• 10:28
  We
• 10:28
  can
• 10:28
  see
• 10:28
  ourselves
• 10:29
  in
• 10:29
  the
• 10:29
  data
• 10:29
  and
• 10:30
  know
• 10:30
  we're
• 10:30
  not
• 10:30
  alone.
• 10:31
  And
• 10:31
  I
• 10:31
  think
• 10:31
  that's
• 10:31
  a
• 10:31
  big
• 10:32
  part
• 10:32
  of
• 10:32
  this.
• 10:33
  Once
• 10:33
  you
• 10:33
  see
• 10:33
  that
• 10:34
  you're
• 10:34
  not
• 10:34
  alone
• 10:34
  in
• 10:34
  this,
• 10:35
  that
• 10:35
  you're
• 10:35
  not
• 10:35
  the
• 10:35
  only
• 10:36
  one
• 10:36
  that's
• 10:36
  dealing
• 10:36
  with
• 10:37
  this,
• 10:37
  I
• 10:37
  think
• 10:38
  it
• 10:38
  makes
• 10:38
  it
• 10:38
  so
• 10:39
  much
• 10:39
  easier.
• 10:39
  So
• 10:39
  here's
• 10:40
  my
• 10:40
  take
• 10:40
  on
• 10:40
  this
• 10:40
  whole
• 10:40
  thing.
• 10:41
  You,
• 10:42
  as
• 10:42
  a
• 10:42
  travel
• 10:42
  nurse,
• 10:43
  you're
• 10:43
  not
• 10:43
  an
• 10:44
  exception
• 10:44
  to
• 10:44
  this.
• 10:44
  You're
• 10:45
  actually
• 10:45
  the
• 10:45
  rule
• 10:45
  to
• 10:46
  this.
• 10:46
  The
• 10:47
  shame
• 10:47
  that
• 10:47
  you're
• 10:48
  feeling,
• 10:48
  the
• 10:48
  struggle
• 10:48
  you're
• 10:49
  feeling,
• 10:49
  comes
• 10:50
  from
• 10:50
  silence.
• 10:51
  It's
• 10:52
  not
• 10:52
  the
• 10:52
  situation.
• 10:53
  So
• 10:53
  the
• 10:53
  first
• 10:54
  thing
• 10:54
  is
• 10:54
  to
• 10:54
  break
• 10:55
  that
• 10:55
  silence.
• 10:55
  That's
• 10:56
  really
• 10:56
  the
• 10:56
  first
• 10:56
  move.
• 10:56
  Which
• 10:57
  leads
• 10:57
  me
• 10:57
  to
• 10:57
  Proverbs
• 10:58
  28:13.
• 10:59
  Whoever
• 10:59
  conceals
• 11:00
  their
• 11:00
  sin
• 11:00
  does
• 11:00
  not
• 11:01
  prosper,
• 11:02
  but
• 11:02
  the
• 11:02
  one
• 11:02
  who
• 11:02
  confesses
• 11:03
  and
• 11:03
  renounces
• 11:04
  them
• 11:04
  finds
• 11:04
  mercy.
• 11:05
  Listen,
• 11:06
  talk
• 11:06
  about
• 11:06
  this
• 11:07
  with
• 11:07
  other
• 11:07
  people.
• 11:08
  You're
• 11:08
  not
• 11:08
  alone
• 11:08
  in
• 11:08
  this.
• 11:09
  You're
• 11:09
  not
• 11:09
  the
• 11:09
  only
• 11:09
  one
• 11:10
  that's
• 11:10
  going
• 11:10
  through
• 11:10
  this.
• 11:10
  And
• 11:11
  I
• 11:11
  want
• 11:11
  you
• 11:11
  to
• 11:11
  have
• 11:11
  hope
• 11:11
  in
• 11:12
  that.
• 11:12
  Now,
• 11:13
  has
• 11:13
  anyone
• 11:13
  else
• 11:13
  that
• 11:14
  wants
• 11:14
  to
• 11:14
  share,
• 11:14
  feel
• 11:15
  free
• 11:15
  to
• 11:15
  come
• 11:15
  up
• 11:16
  here
• 11:16
  and
• 11:16
  make
• 11:16
  a
• 11:16
  comment.
• 11:17
  If
• 11:17
  not,
• 11:17
  we're
• 11:17
  going
• 11:17
  to
• 11:17
  move
• 11:18
  right
• 11:18
  into
• 11:18
  our
• 11:18
  second
• 11:19
  question.
• 11:19
  And
• 11:20
  this
• 11:20
  one
• 11:20
  I've
• 11:20
  titled
• 11:21
  already.
• 11:21
  Behind.
• 11:22
  And
• 11:22
  here's
• 11:22
  the
• 11:23
  question
• 11:23
  we
• 11:23
  got.
• 11:23
  Ralph.
• 11:24
  I'm
• 11:24
  36
• 11:25
  years
• 11:25
  old,
• 11:25
  I'm
• 11:26
  single.
• 11:26
  I've
• 11:27
  got
• 11:27
  no
• 11:27
  kids,
• 11:28
  no
• 11:28
  401k.
• 11:30
  And,
• 11:30
  oh,
• 11:30
  here,
• 11:30
  I'm
• 11:31
  sorry.
• 11:31
  He
• 11:31
  says,
• 11:31
  I'm
• 11:31
  36,
• 11:32
  single,
• 11:32
  no
• 11:32
  kids,
• 11:33
  living
• 11:33
  in
• 11:33
  Orlando.
• 11:34
  I
• 11:34
  make
• 11:35
  $35,000
• 11:36
  a
• 11:36
  year
• 11:36
  at
• 11:36
  a
• 11:37
  job
• 11:37
  I
• 11:37
  hate.
• 11:38
  As
• 11:38
  soon
• 11:39
  as
• 11:39
  I
• 11:39
  heard
• 11:39
  that,
• 11:39
  I
• 11:39
  said,
• 11:40
  oh,
• 11:40
  I'm
• 11:40
  very
• 11:40
  interested
• 11:41
  in
• 11:41
  this
• 11:41
  one.
• 11:42
  How
• 11:42
  many
• 11:42
  people
• 11:42
  are
• 11:43
  in
• 11:43
  jobs
• 11:43
  that
• 11:43
  they
• 11:44
  hate?
• 11:44
  Let
• 11:45
  me
• 11:45
  continue.
• 11:45
  He
• 11:46
  says,
• 11:46
  I
• 11:46
  have
• 11:46
  no
• 11:46
  retirement,
• 11:47
  no
• 11:48
  401k,
• 11:49
  no
• 11:49
  health
• 11:49
  insurance,
• 11:50
  and
• 11:51
  $216,000
• 11:53
  in
• 11:53
  student
• 11:54
  loan
• 11:54
  debt
• 11:54
  from
• 11:54
  a
• 11:54
  degree
• 11:55
  I
• 11:55
  can't
• 11:55
  really
• 11:56
  use.
• 11:57
  Wow.
• 11:58
  So
• 11:58
  in
• 11:59
  a
• 11:59
  job
• 11:59
  you
• 11:59
  don't
• 11:59
  like,
• 12:00
  single,
• 12:01
  36
• 12:02
  years
• 12:02
  old,
• 12:02
  $216,000
• 12:04
  in
• 12:04
  student
• 12:04
  loan
• 12:05
  debt.
• 12:05
  Then
• 12:06
  it
• 12:06
  goes
• 12:06
  on.
• 12:07
  The
• 12:07
  one
• 12:07
  thing
• 12:07
  I
• 12:07
  do
• 12:08
  have
• 12:08
  is
• 12:09
  $10,000
• 12:10
  in
• 12:10
  a
• 12:10
  high
• 12:10
  yield
• 12:11
  savings
• 12:11
  account
• 12:11
  that
• 12:11
  I
• 12:12
  worked
• 12:12
  really
• 12:12
  hard
• 12:12
  for.
• 12:13
  And
• 12:13
  I
• 12:13
  want
• 12:13
  to
• 12:14
  stop
• 12:14
  right
• 12:14
  there.
• 12:14
  That
• 12:15
  is
• 12:15
  an
• 12:15
  accomplishment,
• 12:16
  because
• 12:16
  I
• 12:17
  think
• 12:17
  about
• 12:17
  it
• 12:17
  like
• 12:17
  this.
• 12:17
  You
• 12:18
  got
• 12:18
  a
• 12:18
  huge
• 12:18
  amount
• 12:19
  of
• 12:19
  student
• 12:19
  loan
• 12:19
  debt
• 12:20
  over
• 12:20
  your
• 12:20
  head.
• 12:20
  You're
• 12:21
  in
• 12:21
  a
• 12:21
  job
• 12:21
  you
• 12:21
  don't
• 12:21
  like,
• 12:22
  but
• 12:22
  you've
• 12:22
  been
• 12:22
  able
• 12:23
  to
• 12:23
  put
• 12:23
  away
• 12:24
  $10,000.
• 12:25
  So
• 12:25
  right
• 12:25
  away,
• 12:26
  give
• 12:27
  yourself
• 12:27
  some
• 12:27
  encouragement.
• 12:28
  That
• 12:28
  is
• 12:28
  a
• 12:28
  fantastic
• 12:29
  thing.
• 12:29
  Well,
• 12:30
  let's
• 12:30
  continue
• 12:30
  on.
• 12:31
  He
• 12:31
  says,
• 12:31
  my
• 12:32
  student
• 12:32
  loan
• 12:32
  payments
• 12:33
  just
• 12:33
  jumped
• 12:33
  from
• 12:33
  zero
• 12:34
  to
• 12:34
  $217
• 12:36
  a
• 12:36
  month,
• 12:36
  and
• 12:37
  I
• 12:37
  feel
• 12:37
  like
• 12:37
  I'm
• 12:37
  barely
• 12:38
  getting
• 12:38
  by.
• 12:39
  I
• 12:39
  grew
• 12:39
  up
• 12:39
  moving
• 12:40
  home
• 12:40
  to
• 12:40
  home,
• 12:41
  and
• 12:41
  I'm
• 12:41
  completely
• 12:42
  on
• 12:43
  my
• 12:43
  own
• 12:43
  financially.
• 12:44
  I've
• 12:44
  got
• 12:44
  no
• 12:45
  financial
• 12:45
  safety
• 12:45
  net
• 12:46
  at
• 12:46
  all.
• 12:46
  I
• 12:47
  do
• 12:47
  have
• 12:47
  a
• 12:47
  little
• 12:47
  wiggle
• 12:47
  room,
• 12:48
  my
• 12:48
  budget
• 12:48
  each
• 12:48
  month,
• 12:49
  but
• 12:49
  I
• 12:49
  don't
• 12:49
  know
• 12:50
  what
• 12:50
  to
• 12:50
  do
• 12:50
  with
• 12:50
  it.
• 12:51
  I
• 12:51
  want
• 12:51
  to
• 12:51
  set
• 12:51
  myself
• 12:52
  up
• 12:52
  for
• 12:52
  the
• 12:52
  future,
• 12:53
  but
• 12:53
  I
• 12:53
  don't
• 12:53
  even
• 12:53
  know
• 12:54
  where
• 12:54
  to
• 12:54
  start.
• 12:55
  How
• 12:55
  do
• 12:56
  I.
• 12:56
  What
• 12:56
  do
• 12:57
  I
• 12:57
  do
• 12:57
  financially
• 12:58
  when
• 12:58
  I
• 12:58
  feel
• 12:59
  like
• 12:59
  I'm
• 12:59
  already
• 12:59
  behind?
• 13:01
  And
• 13:01
  I
• 13:01
  just
• 13:02
  want
• 13:02
  to
• 13:02
  thank
• 13:02
  you
• 13:02
  so
• 13:02
  much
• 13:02
  for
• 13:03
  sending
• 13:03
  that
• 13:03
  in.
• 13:03
  It
• 13:03
  took
• 13:03
  a
• 13:03
  lot
• 13:03
  of
• 13:04
  courage
• 13:04
  to
• 13:04
  send
• 13:04
  that
• 13:04
  in.
• 13:05
  There's
• 13:05
  a
• 13:05
  lot
• 13:06
  of
• 13:06
  young
• 13:06
  people
• 13:06
  just
• 13:06
  like
• 13:07
  you
• 13:07
  that
• 13:07
  are
• 13:07
  saddled
• 13:08
  with
• 13:08
  student
• 13:08
  loan
• 13:08
  debt,
• 13:09
  and
• 13:09
  they
• 13:09
  really
• 13:09
  don't
• 13:09
  know
• 13:09
  what
• 13:09
  to
• 13:10
  do
• 13:10
  about
• 13:10
  it.
• 13:10
  And
• 13:10
  for
• 13:11
  so
• 13:11
  long,
• 13:11
  for
• 13:11
  the
• 13:11
  last
• 13:12
  several
• 13:12
  years,
• 13:13
  they've
• 13:13
  been
• 13:13
  in
• 13:13
  these
• 13:13
  forbearance
• 13:14
  periods
• 13:14
  where
• 13:15
  they're
• 13:15
  not
• 13:15
  making
• 13:15
  any
• 13:15
  principal
• 13:16
  payments
• 13:16
  at
• 13:16
  all.
• 13:16
  And
• 13:17
  then
• 13:17
  all
• 13:17
  of
• 13:17
  a
• 13:17
  sudden,
• 13:17
  it's
• 13:17
  like,
• 13:18
  wham,
• 13:18
  I
• 13:18
  got
• 13:18
  to
• 13:19
  start
• 13:19
  paying
• 13:19
  this
• 13:19
  monthly,
• 13:20
  which
• 13:20
  is
• 13:20
  a
• 13:20
  good
• 13:20
  thing
• 13:21
  in
• 13:21
  the
• 13:21
  long
• 13:21
  run
• 13:21
  because
• 13:22
  all
• 13:22
  of
• 13:22
  those
• 13:23
  loans
• 13:23
  are
• 13:23
  just
• 13:23
  collecting
• 13:24
  interest.
• 13:24
  And
• 13:24
  trust
• 13:25
  me,
• 13:25
  that
• 13:25
  mountain
• 13:26
  is
• 13:26
  just
• 13:26
  getting
• 13:26
  bigger
• 13:27
  and
• 13:27
  bigger.
• 13:28
  But
• 13:28
  the
• 13:28
  first
• 13:28
  thing
• 13:29
  I
• 13:29
  want
• 13:29
  to
• 13:29
  do
• 13:29
  here,
• 13:30
  the
• 13:30
  first
• 13:30
  thing
• 13:30
  you
• 13:31
  need
• 13:31
  to
• 13:31
  understand,
• 13:32
  you've
• 13:33
  got
• 13:33
  to
• 13:33
  stop
• 13:33
  comparing
• 13:34
  yourself
• 13:34
  to
• 13:34
  people
• 13:35
  who
• 13:35
  had
• 13:35
  a
• 13:35
  head
• 13:35
  start
• 13:36
  that
• 13:36
  you
• 13:36
  never
• 13:36
  got.
• 13:37
  You
• 13:37
  were
• 13:38
  very
• 13:38
  clear
• 13:38
  in
• 13:38
  your
• 13:38
  circumstances.
• 13:39
  You
• 13:39
  said,
• 13:40
  I
• 13:40
  moved
• 13:40
  around.
• 13:41
  I
• 13:41
  didn't
• 13:41
  have
• 13:42
  anybody
• 13:42
  helping
• 13:42
  me.
• 13:43
  I
• 13:43
  had
• 13:43
  no
• 13:43
  financial
• 13:44
  safety
• 13:44
  net.
• 13:45
  What
• 13:45
  I
• 13:45
  really
• 13:45
  hear
• 13:46
  you
• 13:46
  saying
• 13:46
  is
• 13:46
  you
• 13:46
  come
• 13:47
  from
• 13:47
  a
• 13:47
  place
• 13:47
  where
• 13:47
  no
• 13:47
  one
• 13:48
  really
• 13:48
  showed
• 13:48
  you
• 13:49
  how
• 13:49
  to
• 13:49
  be
• 13:50
  financially
• 13:50
  successful.
• 13:52
  And
• 13:52
  I
• 13:52
  totally
• 13:52
  understand
• 13:53
  it.
• 13:53
  I
• 13:53
  work
• 13:53
  with
• 13:53
  a
• 13:54
  lot
• 13:54
  of
• 13:54
  people
• 13:54
  every
• 13:55
  day
• 13:55
  that
• 13:55
  are
• 13:55
  in
• 13:55
  that
• 13:56
  same
• 13:56
  situation
• 13:57
  where
• 13:57
  they
• 13:57
  weren't
• 13:58
  given
• 13:58
  any
• 13:59
  guidance.
• 13:59
  You
• 13:59
  know,
• 13:59
  you
• 14:00
  may
• 14:00
  come
• 14:00
  from
• 14:00
  a
• 14:00
  family
• 14:01
  where
• 14:01
  maybe
• 14:01
  mom
• 14:02
  and
• 14:02
  dad
• 14:02
  were
• 14:02
  financial
• 14:03
  wrecks,
• 14:03
  and
• 14:04
  you
• 14:04
  wonder
• 14:04
  why
• 14:05
  you
• 14:05
  struggle.
• 14:06
  But
• 14:06
  see,
• 14:06
  the
• 14:06
  thing
• 14:06
  is,
• 14:06
  you've
• 14:07
  learned
• 14:07
  something
• 14:07
  from
• 14:08
  that
• 14:08
  you
• 14:08
  learn,
• 14:09
  I
• 14:09
  put
• 14:09
  money
• 14:09
  away.
• 14:10
  Listen,
• 14:10
  $10,000
• 14:11
  is
• 14:11
  not
• 14:11
  a
• 14:12
  small
• 14:12
  amount
• 14:12
  of
• 14:12
  money.
• 14:13
  That's
• 14:13
  a
• 14:14
  lot
• 14:14
  of
• 14:14
  money
• 14:14
  for
• 14:14
  somebody
• 14:15
  who's
• 14:15
  just
• 14:15
  starting
• 14:15
  out
• 14:16
  now.
• 14:16
  And
• 14:16
  I
• 14:16
  understand
• 14:17
  the
• 14:17
  pressure
• 14:17
  you're
• 14:17
  in
• 14:17
  right
• 14:18
  now.
• 14:18
  You
• 14:19
  got
• 14:19
  this
• 14:19
  payment
• 14:19
  that's
• 14:20
  suddenly
• 14:20
  jumping.
• 14:21
  There's
• 14:21
  no
• 14:21
  warning,
• 14:21
  there's
• 14:22
  no
• 14:22
  plan
• 14:22
  in
• 14:22
  place.
• 14:23
  And
• 14:24
  then
• 14:24
  you've
• 14:24
  got
• 14:24
  this
• 14:24
  other
• 14:24
  situation
• 14:25
  like
• 14:25
  I've
• 14:25
  got
• 14:26
  this
• 14:26
  student
• 14:26
  loan
• 14:26
  debt.
• 14:27
  I
• 14:27
  don't
• 14:27
  have
• 14:27
  a
• 14:27
  lot
• 14:27
  of
• 14:28
  money
• 14:28
  set
• 14:28
  aside.
• 14:28
  I'm
• 14:29
  not
• 14:29
  putting
• 14:29
  anything
• 14:29
  into
• 14:30
  retirement.
• 14:30
  I
• 14:31
  got
• 14:31
  a
• 14:31
  job
• 14:31
  I
• 14:31
  hate.
• 14:32
  I
• 14:32
  got
• 14:32
  a
• 14:32
  career
• 14:33
  field
• 14:33
  I
• 14:33
  got
• 14:33
  a
• 14:33
  degree
• 14:33
  in
• 14:34
  that
• 14:34
  I
• 14:34
  can't
• 14:34
  use.
• 14:35
  And
• 14:36
  what
• 14:36
  you
• 14:36
  really
• 14:36
  saying
• 14:37
  here
• 14:37
  is
• 14:37
  you
• 14:37
  don't
• 14:37
  know
• 14:38
  which
• 14:38
  financial
• 14:38
  problem
• 14:39
  to
• 14:39
  solve
• 14:39
  first
• 14:39
  when
• 14:40
  everything
• 14:40
  feels
• 14:41
  urgent.
• 14:42
  But
• 14:42
  number
• 14:42
  one
• 14:43
  thing,
• 14:43
  like
• 14:43
  I
• 14:43
  said,
• 14:43
  you're
• 14:44
  not
• 14:44
  behind,
• 14:46
  you're
• 14:46
  starting
• 14:46
  from
• 14:47
  someplace,
• 14:47
  but
• 14:48
  you've
• 14:48
  got
• 14:48
  no
• 14:48
  help.
• 14:49
  And
• 14:49
  those
• 14:50
  are
• 14:50
  two
• 14:50
  different
• 14:50
  things.
• 14:51
  So
• 14:52
  here's
• 14:52
  the
• 14:52
  first
• 14:52
  thing
• 14:52
  I'm
• 14:52
  going
• 14:52
  to
• 14:52
  encourage
• 14:53
  you
• 14:53
  to
• 14:53
  do.
• 14:54
  Pick
• 14:54
  one
• 14:54
  direction
• 14:55
  for
• 14:55
  some
• 14:55
  wiggle
• 14:55
  room
• 14:56
  in
• 14:56
  your
• 14:56
  particular
• 14:56
  case.
• 14:57
  The
• 14:57
  first
• 14:57
  thing
• 14:57
  I
• 14:58
  would
• 14:58
  do
• 14:58
  is
• 14:58
  start
• 14:59
  to
• 14:59
  build
• 14:59
  that
• 14:59
  emergency
• 15:00
  fund.
• 15:00
  You've
• 15:01
  got
• 15:01
  $10,000,
• 15:02
  that
• 15:02
  is
• 15:03
  good,
• 15:03
  that's
• 15:03
  a
• 15:03
  savings
• 15:03
  account.
• 15:04
  But
• 15:04
  I
• 15:04
  would
• 15:04
  start
• 15:05
  to
• 15:05
  build
• 15:05
  an
• 15:05
  emergency
• 15:06
  fund
• 15:06
  that
• 15:06
  you
• 15:06
  can
• 15:06
  go
• 15:07
  to
• 15:07
  if
• 15:07
  you
• 15:08
  have
• 15:08
  a
• 15:08
  struggle
• 15:08
  in
• 15:09
  during
• 15:09
  one
• 15:09
  month.
• 15:09
  Now,
• 15:10
  a
• 15:10
  lot
• 15:10
  of
• 15:10
  people
• 15:10
  will
• 15:10
  tell
• 15:10
  you
• 15:10
  to
• 15:11
  do
• 15:11
  three
• 15:11
  to
• 15:11
  six
• 15:11
  months
• 15:12
  worth
• 15:12
  of
• 15:12
  income.
• 15:12
  Let's
• 15:13
  not
• 15:13
  start
• 15:13
  there.
• 15:14
  Let's
• 15:14
  start
• 15:14
  at
• 15:14
  $1,000
• 15:16
  or
• 15:16
  $1,500
• 15:17
  and
• 15:17
  just
• 15:18
  add
• 15:18
  a
• 15:18
  little
• 15:18
  bit
• 15:18
  to
• 15:18
  it.
• 15:18
  Hey,
• 15:19
  even
• 15:19
  if
• 15:19
  you
• 15:19
  can
• 15:19
  only
• 15:20
  do
• 15:20
  25
• 15:21
  or
• 15:21
  $50
• 15:22
  per
• 15:22
  pay,
• 15:22
  just
• 15:23
  put
• 15:23
  it
• 15:23
  into
• 15:23
  that
• 15:23
  retirement
• 15:24
  fund.
• 15:25
  The
• 15:25
  other
• 15:25
  thing
• 15:25
  I
• 15:25
  want
• 15:25
  to
• 15:26
  mention
• 15:26
  here
• 15:26
  is
• 15:27
  you're
• 15:27
  not
• 15:27
  doing
• 15:27
  anything
• 15:28
  with
• 15:28
  retirement.
• 15:29
  Which
• 15:29
  leads
• 15:29
  me
• 15:29
  to
• 15:29
  this
• 15:30
  question.
• 15:30
  In
• 15:31
  your
• 15:31
  company
• 15:32
  401k
• 15:33
  plan,
• 15:33
  is
• 15:33
  there
• 15:33
  a
• 15:33
  match?
• 15:34
  And
• 15:34
  what
• 15:34
  I
• 15:35
  mean
• 15:35
  by
• 15:35
  that
• 15:35
  is,
• 15:35
  if
• 15:36
  you
• 15:36
  contribute,
• 15:36
  does
• 15:37
  your
• 15:37
  employer
• 15:37
  contribute
• 15:38
  as
• 15:38
  well?
• 15:39
  If
• 15:39
  you,
• 15:39
  if
• 15:40
  there
• 15:40
  is
• 15:40
  and
• 15:40
  you're
• 15:41
  not
• 15:41
  putting
• 15:41
  anything
• 15:42
  into
• 15:42
  it,
• 15:42
  it's
• 15:43
  kind
• 15:43
  of
• 15:43
  like,
• 15:43
  think
• 15:43
  about
• 15:43
  this.
• 15:43
  Let's
• 15:44
  say
• 15:44
  you're
• 15:44
  walking
• 15:44
  down
• 15:44
  the
• 15:44
  route
• 15:45
  and
• 15:45
  all
• 15:45
  of
• 15:45
  a
• 15:46
  sudden
• 15:46
  you
• 15:46
  see
• 15:46
  a
• 15:46
  hundred
• 15:46
  dollar
• 15:47
  bill
• 15:47
  laying
• 15:47
  on
• 15:47
  the
• 15:47
  sidewalk.
• 15:48
  And
• 15:48
  you
• 15:49
  say
• 15:49
  to
• 15:49
  yourself,
• 15:49
  hmm,
• 15:50
  there's
• 15:50
  $100
• 15:51
  laying
• 15:51
  on
• 15:51
  the
• 15:51
  sidewalk.
• 15:52
  Do
• 15:52
  I
• 15:52
  pick
• 15:52
  it
• 15:52
  up?
• 15:53
  Do
• 15:53
  I
• 15:53
  bend
• 15:53
  over
• 15:53
  and
• 15:54
  pick
• 15:54
  it
• 15:54
  up
• 15:54
  or
• 15:55
  not?
• 15:55
  Well,
• 15:56
  if
• 15:56
  you've
• 15:56
  got
• 15:56
  a
• 15:56
  401
• 15:57
  at
• 15:57
  work
• 15:58
  and
• 15:58
  your
• 15:58
  employer
• 15:59
  is
• 15:59
  offering
• 16:00
  something
• 16:00
  for
• 16:01
  you
• 16:01
  if
• 16:01
  you
• 16:01
  put
• 16:01
  money
• 16:02
  into
• 16:02
  it,
• 16:02
  it's
• 16:03
  the
• 16:03
  same
• 16:03
  analogy.
• 16:04
  So
• 16:04
  if
• 16:04
  you
• 16:04
  have
• 16:04
  that,
• 16:05
  I
• 16:05
  would
• 16:05
  encourage
• 16:05
  you
• 16:06
  to
• 16:06
  at
• 16:06
  least
• 16:06
  contribute
• 16:07
  enough
• 16:08
  to
• 16:08
  get
• 16:08
  to
• 16:08
  the
• 16:08
  amount
• 16:09
  of
• 16:09
  matching.
• 16:09
  Because
• 16:09
  if
• 16:09
  not,
• 16:10
  you're
• 16:10
  walking
• 16:10
  past
• 16:10
  that
• 16:10
  $100
• 16:11
  bill
• 16:11
  and,
• 16:12
  and
• 16:12
  just
• 16:12
  letting
• 16:12
  the
• 16:12
  fellow
• 16:13
  behind
• 16:13
  you
• 16:13
  pick
• 16:13
  it
• 16:13
  up.
• 16:14
  That
• 16:14
  is
• 16:15
  a
• 16:15
  big
• 16:15
  thing.
• 16:15
  The
• 16:16
  other
• 16:16
  thing
• 16:16
  you
• 16:16
  want
• 16:16
  to
• 16:16
  do
• 16:17
  is
• 16:17
  take
• 16:17
  a
• 16:17
  look.
• 16:18
  How
• 16:18
  can
• 16:18
  you
• 16:18
  work
• 16:18
  on
• 16:19
  getting
• 16:19
  that
• 16:19
  student
• 16:20
  loan
• 16:20
  debt
• 16:20
  down?
• 16:21
  Now
• 16:21
  I'm
• 16:21
  not
• 16:21
  telling
• 16:21
  you
• 16:22
  to
• 16:22
  work
• 16:22
  on
• 16:22
  all
• 16:22
  three
• 16:22
  things
• 16:23
  at
• 16:23
  once.
• 16:24
  Just
• 16:24
  pick
• 16:24
  one.
• 16:25
  So
• 16:25
  right
• 16:26
  now,
• 16:26
  if
• 16:26
  I'm
• 16:26
  you,
• 16:27
  the
• 16:27
  first
• 16:27
  thing
• 16:27
  I'm
• 16:27
  doing
• 16:28
  is
• 16:28
  reaching
• 16:28
  out
• 16:29
  to
• 16:29
  HR
• 16:30
  and
• 16:30
  finding
• 16:30
  out
• 16:31
  is
• 16:31
  there
• 16:32
  any
• 16:33
  matching
• 16:33
  for
• 16:33
  your
• 16:34
  retirement
• 16:34
  plan.
• 16:35
  And
• 16:35
  trust
• 16:35
  me,
• 16:35
  I'm
• 16:36
  not
• 16:36
  trying
• 16:36
  to
• 16:36
  shame
• 16:36
  you
• 16:36
  or
• 16:37
  judge
• 16:37
  you,
• 16:37
  but
• 16:37
  if
• 16:37
  there
• 16:37
  is,
• 16:38
  you're
• 16:39
  losing
• 16:39
  money,
• 16:39
  you're
• 16:39
  leaving
• 16:40
  money
• 16:40
  on
• 16:40
  the
• 16:40
  table.
• 16:41
  If
• 16:41
  you
• 16:41
  don't
• 16:41
  at
• 16:41
  least
• 16:42
  contribute
• 16:42
  that
• 16:43
  in
• 16:43
  the
• 16:43
  minimum
• 16:43
  amount,
• 16:43
  a
• 16:44
  lot
• 16:44
  of
• 16:44
  places
• 16:44
  they'll
• 16:45
  match
• 16:45
  up
• 16:45
  to
• 16:45
  3%
• 16:46
  which
• 16:47
  means
• 16:47
  for
• 16:47
  every
• 16:48
  3%
• 16:48
  you
• 16:48
  put
• 16:49
  in,
• 16:49
  they're
• 16:49
  going
• 16:49
  to
• 16:49
  put
• 16:50
  3%
• 16:50
  in
• 16:50
  as
• 16:51
  well.
• 16:51
  And
• 16:51
  at
• 16:51
  36
• 16:52
  years
• 16:52
  old,
• 16:52
  whatever
• 16:52
  that
• 16:53
  is
• 16:53
  that
• 16:53
  you
• 16:53
  started,
• 16:54
  that
• 16:54
  money
• 16:54
  will
• 16:55
  grow
• 16:55
  really
• 16:55
  quickly.
• 16:56
  So
• 16:56
  don't
• 16:56
  neglect
• 16:57
  that.
• 16:58
  Maybe
• 16:58
  right
• 16:58
  now,
• 16:59
  maybe
• 16:59
  if
• 16:59
  you
• 16:59
  don't
• 16:59
  have
• 16:59
  that,
• 16:59
  then
• 17:00
  look
• 17:00
  at
• 17:00
  the
• 17:00
  emergency
• 17:00
  fund
• 17:01
  or
• 17:01
  look
• 17:01
  at
• 17:01
  paying
• 17:01
  off
• 17:02
  debt.
• 17:02
  You
• 17:02
  also
• 17:03
  might
• 17:03
  want
• 17:03
  to
• 17:03
  take
• 17:04
  a
• 17:04
  look
• 17:04
  at,
• 17:04
  at
• 17:04
  what
• 17:05
  they
• 17:05
  call
• 17:05
  low
• 17:05
  income
• 17:06
  driven
• 17:06
  repayments
• 17:07
  for
• 17:07
  your
• 17:07
  student
• 17:07
  loan.
• 17:08
  You're
• 17:09
  not
• 17:09
  the
• 17:09
  only
• 17:09
  person
• 17:10
  that's
• 17:10
  going
• 17:10
  through
• 17:11
  this.
• 17:11
  That
• 17:12
  payment
• 17:12
  that
• 17:12
  you're
• 17:12
  in
• 17:13
  right
• 17:13
  now
• 17:13
  might
• 17:13
  be
• 17:13
  higher
• 17:14
  than
• 17:14
  it
• 17:14
  needs
• 17:14
  to
• 17:14
  be.
• 17:14
  There
• 17:15
  may
• 17:15
  be
• 17:15
  some
• 17:15
  ways
• 17:16
  to
• 17:16
  get
• 17:16
  that
• 17:17
  down
• 17:17
  a
• 17:17
  little
• 17:17
  bit
• 17:18
  especially
• 17:18
  there's
• 17:18
  a
• 17:18
  lot
• 17:18
  of
• 17:19
  talk
• 17:19
  about
• 17:19
  this
• 17:19
  in
• 17:19
  the
• 17:19
  press
• 17:20
  all
• 17:20
  the
• 17:20
  time.
• 17:20
  But
• 17:21
  here's
• 17:21
  a
• 17:21
  scripture
• 17:21
  verse
• 17:22
  to
• 17:22
  encourage
• 17:22
  you.
• 17:22
  It
• 17:22
  comes
• 17:22
  from
• 17:23
  Proverbs,
• 17:23
  chapter
• 17:24
  13,
• 17:24
  verse
• 17:24
  4.
• 17:25
  It
• 17:25
  says
• 17:25
  the
• 17:25
  desires
• 17:26
  of
• 17:26
  the
• 17:26
  diligent
• 17:27
  are
• 17:27
  fully
• 17:28
  satisfied.
• 17:29
  And
• 17:29
  you've
• 17:29
  already
• 17:30
  proven
• 17:30
  your
• 17:30
  diligence.
• 17:31
  You
• 17:31
  said
• 17:31
  I
• 17:31
  have
• 17:31
  no
• 17:32
  financial
• 17:33
  people
• 17:33
  behind
• 17:33
  me.
• 17:34
  I've
• 17:34
  got
• 17:34
  no
• 17:34
  safety
• 17:35
  blanket.
• 17:35
  But
• 17:35
  you're
• 17:36
  surviving,
• 17:37
  you've
• 17:37
  got
• 17:37
  money
• 17:37
  set
• 17:38
  aside.
• 17:38
  So
• 17:38
  keep
• 17:38
  going.
• 17:40
  Now
• 17:41
  this
• 17:41
  actually
• 17:41
  brings
• 17:41
  up
• 17:41
  an
• 17:42
  article
• 17:42
  that
• 17:42
  we
• 17:42
  found
• 17:43
  in
• 17:43
  reference
• 17:43
  to
• 17:43
  this
• 17:43
  question.
• 17:44
  It
• 17:44
  was
• 17:44
  actually
• 17:44
  written
• 17:45
  by
• 17:45
  Kiplingers
• 17:46
  and
• 17:46
  it's
• 17:46
  the
• 17:46
  title
• 17:47
  of
• 17:47
  it
• 17:47
  is
• 17:47
  2026
• 17:48
  changes
• 17:48
  to
• 17:49
  student
• 17:49
  loans
• 17:49
  you
• 17:49
  need
• 17:49
  to
• 17:50
  know.
• 17:50
  And
• 17:50
  again
• 17:50
  we'll
• 17:51
  put
• 17:51
  a
• 17:51
  link
• 17:51
  to
• 17:51
  that
• 17:51
  in
• 17:51
  the
• 17:51
  show
• 17:51
  notes
• 17:52
  because
• 17:52
  this
• 17:52
  is
• 17:52
  one
• 17:52
  of
• 17:52
  those
• 17:53
  hot
• 17:53
  topics
• 17:53
  we
• 17:54
  get
• 17:54
  a
• 17:54
  lot
• 17:54
  of
• 17:54
  questions
• 17:55
  about
• 17:55
  student
• 17:55
  loans
• 17:56
  and
• 17:56
  I
• 17:56
  mentioned
• 17:57
  a
• 17:57
  few
• 17:57
  minutes
• 17:57
  ago
• 17:57
  when
• 17:58
  what
• 17:58
  they
• 17:58
  call
• 17:58
  income
• 17:59
  driven
• 17:59
  repayment.
• 18:00
  And
• 18:00
  I
• 18:00
  want
• 18:01
  to
• 18:01
  spend
• 18:01
  a
• 18:01
  minute
• 18:01
  on
• 18:01
  that
• 18:02
  because
• 18:02
  the
• 18:02
  rules
• 18:03
  change
• 18:03
  this
• 18:03
  year.
• 18:04
  If
• 18:04
  you've
• 18:05
  got
• 18:05
  student
• 18:05
  loans
• 18:06
  and
• 18:06
  you
• 18:06
  haven't
• 18:06
  looked
• 18:07
  at
• 18:07
  your
• 18:07
  options
• 18:07
  lately,
• 18:08
  this
• 18:08
  is
• 18:09
  important.
• 18:09
  Here's
• 18:10
  the
• 18:10
  things,
• 18:10
  here's
• 18:10
  some
• 18:11
  top
• 18:11
  line
• 18:11
  Things
• 18:12
  being
• 18:12
  on
• 18:12
  a
• 18:12
  repayment
• 18:13
  plan
• 18:13
  that
• 18:13
  no
• 18:13
  longer
• 18:14
  exists
• 18:14
  and
• 18:14
  not
• 18:14
  knowing
• 18:15
  what
• 18:15
  comes
• 18:15
  next.
• 18:15
  That's
• 18:16
  where
• 18:16
  you
• 18:16
  are
• 18:16
  right
• 18:16
  now.
• 18:17
  All
• 18:17
  of
• 18:17
  a
• 18:17
  sudden
• 18:17
  you
• 18:17
  said
• 18:18
  it
• 18:18
  went
• 18:18
  from
• 18:18
  zero
• 18:18
  to
• 18:19
  $217.
• 18:21
  You
• 18:21
  feel
• 18:21
  like
• 18:21
  the
• 18:22
  rules
• 18:22
  have
• 18:22
  changed.
• 18:23
  When
• 18:23
  you
• 18:23
  thought
• 18:23
  you
• 18:23
  understood
• 18:24
  them,
• 18:24
  a
• 18:24
  lot
• 18:24
  of
• 18:24
  people
• 18:24
  thought,
• 18:25
  well
• 18:25
  I'm
• 18:25
  just
• 18:25
  going
• 18:25
  to
• 18:26
  continue
• 18:26
  to
• 18:26
  not
• 18:26
  have
• 18:26
  to
• 18:27
  pay
• 18:27
  anything
• 18:27
  on
• 18:27
  this.
• 18:27
  Now
• 18:27
  I,
• 18:28
  I
• 18:28
  think
• 18:28
  that's
• 18:28
  a
• 18:28
  pie
• 18:28
  in
• 18:29
  the
• 18:29
  sky
• 18:29
  idea.
• 18:29
  But
• 18:30
  again,
• 18:30
  I
• 18:30
  could
• 18:30
  make
• 18:31
  an
• 18:31
  argument
• 18:31
  that
• 18:31
  college
• 18:32
  had
• 18:32
  been
• 18:32
  selling
• 18:32
  kids
• 18:33
  on
• 18:33
  these
• 18:33
  education
• 18:34
  that
• 18:34
  you
• 18:35
  get
• 18:35
  this
• 18:35
  degree,
• 18:35
  you
• 18:36
  spend
• 18:36
  two
• 18:36
  hundred
• 18:36
  and
• 18:36
  some
• 18:37
  thousand
• 18:37
  dollars
• 18:37
  on
• 18:37
  it,
• 18:38
  is
• 18:38
  it
• 18:38
  worth
• 18:38
  it?
• 18:39
  But
• 18:39
  now
• 18:39
  you
• 18:39
  know,
• 18:39
  it's
• 18:40
  too
• 18:40
  late
• 18:40
  for
• 18:40
  that.
• 18:42
  But
• 18:42
  maybe
• 18:42
  there's
• 18:43
  something
• 18:43
  you
• 18:43
  can
• 18:43
  do
• 18:44
  to
• 18:44
  look
• 18:44
  at
• 18:44
  the
• 18:44
  options.
• 18:48
  So
• 18:48
  let
• 18:48
  me
• 18:48
  get
• 18:48
  into
• 18:48
  some
• 18:49
  specifics
• 18:49
  here.
• 18:50
  What
• 18:50
  this
• 18:50
  article
• 18:51
  talks
• 18:51
  about
• 18:51
  is
• 18:51
  there
• 18:51
  was
• 18:52
  something
• 18:52
  called
• 18:52
  the
• 18:52
  save
• 18:53
  plan
• 18:53
  that
• 18:53
  one's
• 18:53
  gone.
• 18:55
  Borrowers
• 18:55
  on
• 18:55
  it
• 18:56
  that
• 18:56
  were
• 18:56
  in
• 18:56
  forbearance
• 18:57
  and
• 18:57
  interest
• 18:57
  are
• 18:57
  building
• 18:58
  since
• 18:58
  August
• 18:58
  2025.
• 18:59
  So
• 18:59
  what
• 18:59
  happened
• 19:00
  is
• 19:00
  there
• 19:00
  was
• 19:00
  a
• 19:00
  point,
• 19:01
  as
• 19:01
  I
• 19:01
  recall,
• 19:01
  this
• 19:02
  is
• 19:02
  around
• 19:02
  the
• 19:02
  COVID
• 19:02
  time,
• 19:03
  believe
• 19:03
  it
• 19:03
  or
• 19:03
  not,
• 19:03
  we're
• 19:03
  still
• 19:03
  talking
• 19:04
  about
• 19:04
  COVID
• 19:04
  stuff
• 19:05
  where
• 19:05
  you
• 19:05
  are
• 19:06
  automatically
• 19:06
  in
• 19:07
  forbearance.
• 19:08
  But
• 19:08
  the
• 19:08
  problem
• 19:08
  is
• 19:09
  once
• 19:09
  this
• 19:09
  hit
• 19:10
  in
• 19:10
  August
• 19:10
  2025,
• 19:11
  the
• 19:12
  interest
• 19:12
  started
• 19:12
  to
• 19:13
  accrue
• 19:13
  again.
• 19:13
  Now
• 19:13
  there's
• 19:14
  a
• 19:14
  new
• 19:14
  plan
• 19:14
  that's
• 19:15
  launching
• 19:15
  July
• 19:16
  1,
• 19:16
  2026.
• 19:17
  It's
• 19:17
  called
• 19:17
  wrap.
• 19:18
  And
• 19:18
  the
• 19:19
  way
• 19:19
  this
• 19:19
  works
• 19:19
  is
• 19:19
  payments
• 19:20
  are
• 19:20
  1
• 19:20
  to
• 19:21
  10%
• 19:21
  of
• 19:22
  the
• 19:22
  adjusted
• 19:22
  gross
• 19:23
  income
• 19:23
  based
• 19:23
  on
• 19:23
  the
• 19:24
  total
• 19:24
  balance.
• 19:25
  So
• 19:26
  at
• 19:26
  $35,000
• 19:27
  of
• 19:27
  income,
• 19:28
  there's
• 19:28
  a
• 19:28
  thing
• 19:29
  called
• 19:29
  an
• 19:29
  IBR.
• 19:31
  It's
• 19:31
  basically
• 19:31
  income
• 19:32
  based
• 19:32
  repayments.
• 19:33
  Your
• 19:34
  payments
• 19:34
  based
• 19:34
  on
• 19:35
  your
• 19:35
  income
• 19:36
  could
• 19:36
  be
• 19:36
  well
• 19:36
  below
• 19:36
  that
• 19:37
  $217
• 19:39
  that
• 19:39
  you're
• 19:39
  actually
• 19:39
  paying.
• 19:40
  Let
• 19:41
  me
• 19:41
  give
• 19:41
  you
• 19:41
  some
• 19:41
  quotes
• 19:41
  from
• 19:42
  the
• 19:42
  article.
• 19:42
  This
• 19:42
  is
• 19:43
  directly
• 19:43
  from
• 19:43
  Kiplingers.
• 19:44
  It
• 19:44
  says
• 19:44
  under
• 19:44
  this
• 19:45
  new
• 19:45
  plan,
• 19:45
  payments
• 19:46
  range
• 19:46
  from
• 19:46
  1
• 19:47
  to
• 19:47
  10%
• 19:47
  of
• 19:48
  the
• 19:48
  borrower's
• 19:48
  adjusted
• 19:49
  gross
• 19:49
  income.
• 19:49
  So
• 19:49
  they're
• 19:49
  looking
• 19:50
  at
• 19:50
  your
• 19:50
  income.
• 19:52
  So
• 19:52
  depending
• 19:52
  upon
• 19:52
  your
• 19:53
  income,
• 19:53
  and
• 19:53
  I
• 19:53
  don't
• 19:54
  have
• 19:54
  all
• 19:54
  the
• 19:54
  specifics
• 19:55
  here
• 19:55
  in
• 19:55
  front
• 19:55
  of
• 19:55
  me,
• 19:55
  but
• 19:56
  you
• 19:56
  might
• 19:56
  be
• 19:56
  able
• 19:56
  to
• 19:57
  reduce
• 19:57
  that
• 19:57
  $217
• 19:59
  down
• 19:59
  to
• 19:59
  a
• 19:59
  more
• 20:00
  manageable
• 20:00
  number.
• 20:01
  The
• 20:01
  minimum
• 20:01
  payment
• 20:02
  is
• 20:02
  $10
• 20:02
  a
• 20:03
  month.
• 20:03
  Now
• 20:03
  again,
• 20:04
  there
• 20:04
  may
• 20:04
  be
• 20:05
  reasons
• 20:05
  that
• 20:05
  you
• 20:06
  don't
• 20:06
  want
• 20:06
  to
• 20:06
  just
• 20:06
  make
• 20:06
  the
• 20:06
  minimum
• 20:07
  payment.
• 20:07
  A
• 20:07
  lot
• 20:07
  of
• 20:07
  people
• 20:07
  don't
• 20:08
  think
• 20:08
  about
• 20:08
  this,
• 20:08
  especially
• 20:09
  with
• 20:09
  student
• 20:09
  loans,
• 20:10
  they
• 20:10
  think,
• 20:10
  well
• 20:10
  I'll
• 20:11
  just
• 20:11
  go
• 20:11
  into
• 20:11
  forbearance
• 20:12
  and
• 20:12
  I'll
• 20:12
  just
• 20:13
  forget
• 20:13
  about
• 20:13
  it.
• 20:13
  The
• 20:13
  problem
• 20:13
  is
• 20:14
  as
• 20:14
  you
• 20:14
  forget
• 20:14
  about
• 20:15
  it,
• 20:15
  it's
• 20:16
  kind
• 20:16
  of
• 20:16
  like
• 20:16
  sitting
• 20:16
  in
• 20:16
  a
• 20:17
  taxi
• 20:17
  and
• 20:17
  driving
• 20:17
  all
• 20:17
  over
• 20:18
  the
• 20:18
  town
• 20:18
  and
• 20:18
  just
• 20:18
  sitting
• 20:19
  there,
• 20:19
  not
• 20:19
  getting
• 20:19
  out.
• 20:20
  The
• 20:20
  ticker
• 20:21
  keeps
• 20:21
  going.
• 20:22
  You're
• 20:22
  still
• 20:22
  getting
• 20:22
  interest
• 20:23
  added
• 20:23
  to
• 20:23
  this
• 20:24
  on
• 20:24
  a
• 20:24
  monthly
• 20:24
  basis.
• 20:26
  So
• 20:26
  even
• 20:26
  though
• 20:26
  you
• 20:27
  might
• 20:27
  qualify
• 20:28
  for
• 20:28
  a
• 20:28
  lower
• 20:29
  income
• 20:29
  payment
• 20:29
  threshold,
• 20:30
  that
• 20:31
  debt's
• 20:31
  still
• 20:31
  going
• 20:31
  to
• 20:32
  be
• 20:32
  out
• 20:32
  there.
• 20:32
  It's
• 20:32
  not
• 20:32
  going
• 20:33
  to
• 20:33
  go
• 20:33
  away.
• 20:33
  Here's
• 20:34
  the
• 20:34
  next
• 20:34
  quote
• 20:34
  from
• 20:34
  Kiplinger
• 20:35
  who
• 20:35
  says
• 20:35
  because
• 20:35
  IBR
• 20:36
  limits
• 20:36
  your
• 20:37
  payments
• 20:37
  based
• 20:37
  on
• 20:37
  your
• 20:38
  income,
• 20:38
  it
• 20:39
  may
• 20:39
  be
• 20:39
  the
• 20:39
  best
• 20:40
  choice
• 20:40
  for
• 20:40
  borrowers
• 20:40
  with
• 20:41
  higher
• 20:41
  income
• 20:41
  and
• 20:41
  debt
• 20:42
  levels.
• 20:43
  And
• 20:43
  here's
• 20:43
  another
• 20:43
  thing
• 20:43
  it
• 20:44
  says
• 20:44
  before
• 20:44
  you
• 20:44
  take
• 20:44
  on
• 20:45
  debt
• 20:45
  to
• 20:45
  fund
• 20:46
  your
• 20:46
  child's
• 20:46
  education.
• 20:46
  Now
• 20:47
  this
• 20:47
  is
• 20:47
  more
• 20:47
  directed.
• 20:47
  This
• 20:47
  is
• 20:48
  a
• 20:48
  person
• 20:48
  named
• 20:48
  Jack
• 20:48
  Wang
• 20:49
  who's
• 20:49
  a
• 20:49
  wealth
• 20:49
  advisor
• 20:50
  and
• 20:50
  he's
• 20:51
  kind
• 20:51
  of
• 20:51
  putting
• 20:51
  the
• 20:51
  cart
• 20:51
  before
• 20:52
  the
• 20:52
  horse,
• 20:52
  which
• 20:52
  it
• 20:52
  doesn't
• 20:52
  help
• 20:53
  you,
• 20:53
  but
• 20:53
  it
• 20:53
  really
• 20:54
  is
• 20:54
  what
• 20:54
  we're
• 20:54
  talking
• 20:55
  about
• 20:55
  here
• 20:55
  today.
• 20:55
  And
• 20:55
  that's
• 20:55
  what
• 20:55
  he
• 20:56
  says.
• 20:56
  He
• 20:56
  says
• 20:56
  before
• 20:56
  you
• 20:57
  take
• 20:57
  on
• 20:57
  debt
• 20:57
  to
• 20:57
  fund
• 20:58
  your
• 20:58
  child's
• 20:58
  education,
• 20:59
  make
• 20:59
  sure
• 21:00
  you
• 21:00
  have
• 21:00
  a
• 21:00
  solid
• 21:01
  plan
• 21:01
  for
• 21:01
  your
• 21:01
  own
• 21:01
  financial
• 21:02
  security.
• 21:03
  So
• 21:03
  here's
• 21:04
  my
• 21:04
  take
• 21:04
  on
• 21:04
  this.
• 21:04
  Here's
• 21:05
  what
• 21:05
  I
• 21:05
  would
• 21:05
  do
• 21:05
  if
• 21:05
  I
• 21:06
  were
• 21:06
  you.
• 21:06
  Make
• 21:07
  one
• 21:07
  visit
• 21:07
  to
• 21:08
  studentaid.gov
• 21:09
  we'll
• 21:10
  put
• 21:10
  a
• 21:10
  link
• 21:10
  to
• 21:10
  that
• 21:10
  in
• 21:10
  the
• 21:10
  show
• 21:10
  notes.
• 21:11
  But
• 21:11
  again,
• 21:11
  it's
• 21:11
  studentaid.gov
• 21:13
  or
• 21:13
  have
• 21:13
  a
• 21:14
  conversation
• 21:14
  with
• 21:14
  the
• 21:15
  student
• 21:15
  loan
• 21:15
  counselor
• 21:16
  because
• 21:16
  that
• 21:17
  could
• 21:17
  change
• 21:17
  your
• 21:18
  monthly
• 21:18
  cash
• 21:18
  flow.
• 21:19
  Right
• 21:19
  now
• 21:19
  what
• 21:19
  you're
• 21:19
  telling
• 21:19
  me
• 21:20
  is
• 21:20
  things
• 21:20
  are
• 21:20
  tight.
• 21:21
  Lower
• 21:21
  the
• 21:21
  payment,
• 21:22
  free
• 21:22
  up
• 21:23
  some
• 21:23
  room
• 21:23
  and
• 21:24
  build
• 21:24
  from
• 21:24
  there.
• 21:24
  That
• 21:25
  may
• 21:25
  be
• 21:25
  a
• 21:25
  way
• 21:25
  to
• 21:25
  resolve
• 21:26
  this
• 21:26
  situation.
• 21:27
  Might
• 21:27
  be
• 21:27
  a
• 21:27
  better
• 21:28
  situation
• 21:28
  for
• 21:28
  you.
• 21:28
  And
• 21:28
  again,
• 21:29
  I
• 21:29
  understand
• 21:29
  it.
• 21:30
  There's
• 21:30
  a
• 21:30
  lot
• 21:30
  of
• 21:30
  misinformation
• 21:31
  out
• 21:32
  there.
• 21:32
  There's
• 21:32
  a
• 21:32
  lot
• 21:32
  of
• 21:33
  talk
• 21:33
  about
• 21:33
  student
• 21:34
  loans.
• 21:34
  We're
• 21:34
  actually
• 21:34
  going
• 21:34
  to
• 21:34
  be
• 21:35
  talking
• 21:35
  about
• 21:35
  this
• 21:36
  on
• 21:37
  a
• 21:37
  future
• 21:37
  show
• 21:37
  on
• 21:38
  the
• 21:38
  Daily
• 21:38
  Financially
• 21:39
  Confident
• 21:39
  Christian.
• 21:40
  And
• 21:40
  we
• 21:40
  have
• 21:40
  a
• 21:41
  person
• 21:41
  that
• 21:41
  wrote
• 21:41
  in
• 21:41
  a
• 21:41
  question
• 21:42
  that
• 21:42
  their
• 21:42
  daughter's
• 21:43
  looking
• 21:43
  to
• 21:43
  go
• 21:43
  to
• 21:43
  college
• 21:44
  and
• 21:44
  she's
• 21:45
  got
• 21:45
  these
• 21:45
  pie
• 21:45
  in
• 21:46
  the
• 21:46
  sky
• 21:46
  dreams
• 21:46
  about
• 21:46
  where
• 21:47
  she
• 21:47
  wants
• 21:47
  to
• 21:47
  go
• 21:47
  to
• 21:47
  college
• 21:48
  and
• 21:48
  the
• 21:48
  mom
• 21:49
  wants
• 21:49
  to
• 21:49
  have
• 21:49
  a
• 21:49
  conversation
• 21:50
  with
• 21:50
  her
• 21:50
  about
• 21:50
  do
• 21:51
  you
• 21:51
  realize
• 21:51
  how
• 21:51
  much
• 21:52
  this
• 21:52
  is
• 21:52
  going
• 21:52
  to
• 21:52
  cost?
• 21:53
  And
• 21:53
  this
• 21:54
  is
• 21:54
  my
• 21:54
  own
• 21:54
  little
• 21:54
  pet
• 21:54
  peeve
• 21:55
  because
• 21:55
  I
• 21:55
  think
• 21:56
  that
• 21:56
  the
• 21:56
  way
• 21:56
  this
• 21:56
  works
• 21:57
  is
• 21:57
  if
• 21:57
  you're
• 21:58
  a
• 21:58
  student
• 21:58
  going
• 21:58
  into
• 21:58
  college,
• 21:59
  if
• 21:59
  the
• 22:00
  student
• 22:00
  loans
• 22:00
  will
• 22:01
  pay
• 22:01
  for
• 22:01
  it.
• 22:01
  You
• 22:01
  don't
• 22:02
  think
• 22:02
  about
• 22:02
  how
• 22:03
  much
• 22:03
  this
• 22:03
  is
• 22:03
  really
• 22:04
  going
• 22:04
  to
• 22:04
  cost
• 22:04
  you.
• 22:05
  You
• 22:05
  don't
• 22:05
  think
• 22:05
  about
• 22:06
  how,
• 22:06
  how
• 22:06
  much
• 22:06
  these
• 22:07
  monthly
• 22:07
  payments
• 22:07
  are
• 22:08
  going
• 22:08
  to
• 22:08
  be
• 22:08
  once
• 22:09
  you
• 22:09
  graduate
• 22:10
  and
• 22:10
  you
• 22:10
  get
• 22:10
  out
• 22:10
  of
• 22:11
  forbearance.
• 22:11
  And
• 22:12
  then
• 22:12
  you
• 22:12
  don't
• 22:12
  think
• 22:12
  about
• 22:12
  this
• 22:13
  degree
• 22:13
  that
• 22:13
  you
• 22:14
  got.
• 22:14
  Does
• 22:14
  it
• 22:15
  really
• 22:15
  make
• 22:15
  enough
• 22:16
  to
• 22:16
  pay
• 22:16
  for
• 22:16
  this?
• 22:17
  That's
• 22:18
  a
• 22:18
  tough
• 22:18
  conversation,
• 22:19
  but
• 22:19
  it's
• 22:19
  a
• 22:19
  conversation
• 22:20
  that
• 22:20
  we
• 22:20
  as
• 22:21
  a
• 22:21
  country
• 22:21
  needs
• 22:22
  to
• 22:22
  start
• 22:22
  having
• 22:23
  with
• 22:23
  people
• 22:24
  before
• 22:24
  they
• 22:24
  sign
• 22:25
  for
• 22:25
  those
• 22:25
  student
• 22:25
  loans.
• 22:26
  The
• 22:26
  reality
• 22:27
  of
• 22:27
  the
• 22:27
  situation,
• 22:28
  and
• 22:28
  this
• 22:28
  is
• 22:28
  going
• 22:28
  to
• 22:28
  be
• 22:29
  maybe
• 22:29
  offensive
• 22:29
  to
• 22:30
  some
• 22:30
  universities,
• 22:31
  but
• 22:31
  universities
• 22:32
  have
• 22:32
  kept
• 22:32
  on
• 22:32
  taking
• 22:33
  the
• 22:33
  cost
• 22:33
  going
• 22:34
  up
• 22:34
  and.
• 22:34
  And
• 22:34
  up
• 22:35
  and
• 22:35
  up
• 22:35
  because
• 22:36
  the
• 22:36
  student
• 22:37
  loans
• 22:37
  are
• 22:37
  covering
• 22:38
  it.
• 22:38
  But
• 22:38
  is
• 22:39
  there
• 22:39
  value
• 22:39
  there?
• 22:40
  That's
• 22:40
  a
• 22:40
  really
• 22:41
  tough
• 22:41
  thing
• 22:41
  to
• 22:41
  talk
• 22:41
  about.
• 22:42
  Well,
• 22:42
  I'm
• 22:43
  going
• 22:43
  to
• 22:43
  open
• 22:43
  it
• 22:43
  up
• 22:43
  for
• 22:43
  any
• 22:43
  questions
• 22:44
  we
• 22:44
  have.
• 22:44
  I'm
• 22:44
  going
• 22:44
  to
• 22:44
  check
• 22:45
  the
• 22:45
  chat
• 22:45
  here,
• 22:45
  and
• 22:45
  I'm
• 22:46
  checking
• 22:47
  the
• 22:47
  clubhouse
• 22:48
  live.
• 22:48
  I
• 22:48
  don't
• 22:48
  see
• 22:48
  any
• 22:49
  questions.
• 22:49
  So
• 22:49
  we're
• 22:49
  going
• 22:49
  to
• 22:50
  move
• 22:50
  on
• 22:50
  to
• 22:50
  our
• 22:50
  third
• 22:51
  question.
• 22:52
  And
• 22:52
  this
• 22:52
  one
• 22:52
  is
• 22:53
  completely
• 22:53
  in
• 22:54
  my
• 22:54
  wheelhouse
• 22:54
  as
• 22:55
  a
• 22:55
  professional
• 22:55
  tax
• 22:56
  advisor
• 22:56
  and
• 22:56
  accountant.
• 22:57
  So
• 22:58
  this
• 22:58
  question
• 22:58
  is.
• 22:58
  It
• 22:58
  says,
• 22:59
  ralph,
• 22:59
  my
• 22:59
  wife
• 23:00
  wants
• 23:00
  us
• 23:00
  to
• 23:00
  file
• 23:01
  our
• 23:01
  taxes
• 23:01
  separately
• 23:02
  because
• 23:02
  she
• 23:02
  says
• 23:02
  it'll
• 23:03
  keep
• 23:03
  her
• 23:03
  student
• 23:04
  loan
• 23:04
  repayments
• 23:04
  lower.
• 23:06
  I
• 23:06
  get
• 23:06
  this
• 23:06
  question
• 23:07
  several
• 23:07
  times
• 23:08
  during
• 23:08
  the
• 23:08
  year.
• 23:09
  It's
• 23:09
  amazing
• 23:09
  again,
• 23:10
  how
• 23:10
  much
• 23:11
  misinformation
• 23:11
  is
• 23:12
  out
• 23:12
  there.
• 23:12
  But
• 23:12
  this
• 23:12
  one's
• 23:13
  a
• 23:13
  little
• 23:13
  more
• 23:13
  interesting.
• 23:14
  Let
• 23:14
  me
• 23:14
  continue
• 23:14
  what
• 23:14
  they
• 23:15
  say,
• 23:15
  but
• 23:15
  I've
• 23:16
  always
• 23:16
  heard
• 23:16
  that
• 23:16
  filing
• 23:17
  jointly
• 23:17
  is
• 23:17
  almost
• 23:18
  always
• 23:18
  the
• 23:19
  better
• 23:19
  move.
• 23:19
  I
• 23:19
  will
• 23:20
  agree
• 23:20
  with
• 23:20
  that.
• 23:21
  In
• 23:21
  general,
• 23:22
  filing
• 23:23
  jointly
• 23:24
  is
• 23:24
  almost
• 23:25
  always
• 23:25
  the
• 23:25
  better
• 23:25
  move.
• 23:26
  Now,
• 23:26
  there
• 23:26
  are
• 23:26
  circumstances,
• 23:27
  there
• 23:27
  are
• 23:27
  certain
• 23:28
  nuances
• 23:28
  where
• 23:29
  it
• 23:29
  doesn't
• 23:29
  always
• 23:29
  work
• 23:30
  that
• 23:30
  way,
• 23:30
  but.
• 23:31
  But
• 23:31
  in
• 23:31
  general,
• 23:32
  that
• 23:32
  is
• 23:32
  a
• 23:33
  general
• 23:33
  statement.
• 23:33
  That's
• 23:34
  true.
• 23:34
  But
• 23:34
  let
• 23:34
  me
• 23:35
  continue
• 23:35
  what
• 23:35
  they're
• 23:35
  asking
• 23:36
  me.
• 23:36
  It
• 23:36
  says,
• 23:36
  is
• 23:37
  there
• 23:37
  ever
• 23:37
  a
• 23:38
  good
• 23:38
  reason
• 23:38
  for
• 23:39
  a
• 23:39
  married
• 23:39
  couple
• 23:39
  to
• 23:40
  file
• 23:40
  separately?
• 23:41
  Yes,
• 23:42
  there
• 23:42
  are.
• 23:43
  I'm
• 23:43
  going
• 23:43
  to
• 23:43
  throw
• 23:43
  one
• 23:43
  out
• 23:44
  there
• 23:44
  that
• 23:44
  a
• 23:44
  lot
• 23:44
  of
• 23:44
  people
• 23:44
  don't
• 23:44
  think
• 23:45
  about.
• 23:45
  I
• 23:46
  had
• 23:46
  a
• 23:46
  client
• 23:46
  maybe
• 23:47
  about
• 23:47
  15
• 23:47
  years
• 23:48
  ago,
• 23:48
  came
• 23:48
  in
• 23:48
  and
• 23:49
  sat
• 23:49
  down
• 23:49
  with
• 23:49
  me
• 23:49
  in
• 23:50
  my
• 23:50
  office,
• 23:50
  and
• 23:51
  husband
• 23:52
  and
• 23:52
  wife,
• 23:52
  you
• 23:52
  could
• 23:52
  tell
• 23:52
  there
• 23:52
  was
• 23:53
  a
• 23:53
  little
• 23:53
  tension.
• 23:53
  And
• 23:54
  the
• 23:54
  wife
• 23:54
  said
• 23:54
  to
• 23:54
  me,
• 23:55
  she
• 23:55
  says,
• 23:55
  raf,
• 23:55
  she
• 23:55
  says,
• 23:56
  can
• 23:56
  you
• 23:56
  be
• 23:56
  honest
• 23:57
  about
• 23:57
  something?
• 23:57
  I'm
• 23:57
  like,
• 23:58
  well,
• 23:58
  that's
• 23:58
  why
• 23:58
  you're
• 23:58
  here.
• 23:59
  And
• 23:59
  she
• 23:59
  says,
• 24:00
  my
• 24:00
  husband
• 24:01
  is
• 24:01
  a
• 24:01
  loan
• 24:02
  shark.
• 24:02
  And
• 24:03
  I
• 24:03
  said,
• 24:03
  okay.
• 24:04
  And
• 24:05
  she
• 24:05
  says,
• 24:05
  he,
• 24:05
  you
• 24:05
  know,
• 24:05
  he's
• 24:05
  a
• 24:06
  bookie.
• 24:06
  He
• 24:06
  does
• 24:06
  all
• 24:06
  these
• 24:06
  kind
• 24:06
  of
• 24:06
  stuff.
• 24:07
  And
• 24:07
  the
• 24:07
  husband,
• 24:07
  I
• 24:07
  thought
• 24:07
  he
• 24:07
  was
• 24:08
  gonna
• 24:08
  come
• 24:08
  on
• 24:08
  glued.
• 24:09
  And
• 24:09
  she
• 24:09
  says,
• 24:09
  but
• 24:10
  if
• 24:10
  we
• 24:11
  file
• 24:11
  a
• 24:11
  joint
• 24:11
  tax
• 24:12
  return
• 24:12
  and
• 24:13
  the
• 24:13
  IRS
• 24:13
  comes
• 24:14
  after
• 24:14
  him
• 24:14
  for
• 24:14
  tax
• 24:15
  evasion,
• 24:15
  would
• 24:16
  I
• 24:16
  be
• 24:16
  responsible?
• 24:17
  And
• 24:18
  I
• 24:18
  said,
• 24:18
  yes.
• 24:19
  I
• 24:20
  said,
• 24:20
  if
• 24:20
  you
• 24:20
  file
• 24:21
  a
• 24:21
  joint
• 24:21
  tax
• 24:21
  return
• 24:21
  with
• 24:22
  your
• 24:22
  husband
• 24:23
  and
• 24:23
  you
• 24:24
  are,
• 24:24
  you're
• 24:25
  what's
• 24:25
  called
• 24:25
  separate
• 24:27
  and
• 24:27
  liable
• 24:27
  for
• 24:27
  those
• 24:28
  taxes
• 24:28
  because
• 24:28
  you're
• 24:29
  filing
• 24:29
  a
• 24:29
  joint
• 24:29
  tax
• 24:29
  return.
• 24:30
  So
• 24:31
  she
• 24:31
  looked
• 24:31
  me
• 24:31
  square
• 24:31
  in
• 24:31
  the
• 24:31
  eyes
• 24:32
  and
• 24:32
  she
• 24:32
  said,
• 24:32
  so
• 24:32
  what
• 24:32
  are
• 24:33
  my
• 24:33
  options?
• 24:34
  I
• 24:34
  said,
• 24:34
  well,
• 24:34
  you
• 24:35
  can
• 24:35
  choose
• 24:35
  to
• 24:35
  file
• 24:36
  a
• 24:36
  joint
• 24:36
  tax
• 24:36
  return.
• 24:37
  If
• 24:37
  you
• 24:37
  do,
• 24:38
  then
• 24:38
  you
• 24:38
  would
• 24:38
  be
• 24:38
  joint
• 24:39
  and
• 24:39
  what
• 24:39
  they
• 24:39
  call,
• 24:39
  I'm
• 24:39
  sorry,
• 24:39
  joint
• 24:40
  and
• 24:40
  severely
• 24:40
  liable
• 24:41
  for
• 24:41
  that
• 24:41
  tax.
• 24:41
  In
• 24:42
  other
• 24:42
  words,
• 24:42
  the
• 24:42
  IRS
• 24:43
  can
• 24:43
  come
• 24:43
  after
• 24:43
  you,
• 24:44
  they
• 24:44
  can
• 24:44
  come
• 24:44
  after
• 24:44
  both
• 24:45
  of
• 24:45
  you,
• 24:45
  they
• 24:46
  can
• 24:46
  come
• 24:46
  after
• 24:47
  your
• 24:48
  individual
• 24:49
  or
• 24:49
  they
• 24:49
  can
• 24:49
  come
• 24:49
  after
• 24:49
  both
• 24:50
  of
• 24:50
  you.
• 24:51
  So
• 24:51
  I
• 24:51
  said
• 24:51
  your
• 24:51
  only
• 24:52
  two
• 24:52
  options,
• 24:52
  you
• 24:52
  file
• 24:53
  jointly
• 24:53
  or,
• 24:53
  or
• 24:53
  you
• 24:53
  could
• 24:53
  do
• 24:54
  Mary,
• 24:54
  filing
• 24:54
  separately.
• 24:55
  And
• 24:55
  I
• 24:55
  said,
• 24:56
  but
• 24:56
  the
• 24:56
  thing
• 24:56
  you
• 24:56
  need
• 24:56
  to
• 24:56
  understand
• 24:57
  is
• 24:57
  if
• 24:57
  you
• 24:58
  file
• 24:58
  separately,
• 24:59
  what
• 24:59
  that
• 25:00
  means
• 25:00
  is
• 25:00
  that
• 25:00
  there
• 25:01
  are
• 25:01
  going
• 25:01
  to
• 25:01
  be
• 25:02
  some
• 25:02
  changes
• 25:03
  and
• 25:03
  we're
• 25:03
  going
• 25:03
  to
• 25:03
  talk
• 25:03
  about
• 25:04
  those
• 25:04
  in
• 25:04
  a
• 25:04
  couple
• 25:04
  minutes.
• 25:05
  But
• 25:05
  in
• 25:06
  this
• 25:06
  particular
• 25:06
  question,
• 25:07
  what
• 25:07
  you're
• 25:07
  really
• 25:07
  trying
• 25:07
  to
• 25:08
  do
• 25:08
  is
• 25:08
  you're
• 25:08
  trying
• 25:08
  to
• 25:09
  make
• 25:09
  the
• 25:09
  right
• 25:09
  call
• 25:10
  as
• 25:10
  a
• 25:10
  couple,
• 25:11
  but
• 25:11
  you're
• 25:11
  getting
• 25:11
  conflicting
• 25:12
  information.
• 25:12
  This
• 25:13
  is
• 25:13
  my
• 25:13
  annoyance
• 25:14
  with
• 25:14
  the
• 25:14
  Internet,
• 25:15
  with
• 25:16
  TikTok
• 25:16
  and
• 25:17
  YouTube
• 25:17
  and
• 25:17
  all
• 25:17
  these
• 25:17
  clowns
• 25:18
  all
• 25:18
  over
• 25:18
  the
• 25:18
  Internet
• 25:19
  say,
• 25:19
  well,
• 25:19
  do
• 25:19
  this
• 25:19
  and
• 25:20
  do
• 25:20
  that.
• 25:20
  I've
• 25:20
  seen
• 25:20
  it
• 25:21
  happen
• 25:21
  a
• 25:21
  lot
• 25:21
  right
• 25:22
  now.
• 25:22
  But
• 25:22
  with
• 25:22
  clients
• 25:23
  that
• 25:23
  are
• 25:23
  going
• 25:23
  into
• 25:24
  Social
• 25:24
  Security
• 25:25
  to
• 25:25
  getting
• 25:25
  Social
• 25:25
  Security,
• 25:26
  I
• 25:26
  don't
• 25:26
  know
• 25:26
  if
• 25:27
  somebody
• 25:27
  at
• 25:27
  the
• 25:27
  Social
• 25:27
  Security
• 25:28
  Administration
• 25:28
  is
• 25:29
  just
• 25:29
  giving
• 25:29
  bad
• 25:29
  information
• 25:30
  or
• 25:30
  what,
• 25:30
  but
• 25:31
  I've
• 25:31
  got
• 25:31
  client
• 25:32
  after
• 25:32
  client
• 25:32
  calling
• 25:33
  and
• 25:33
  coming
• 25:33
  in
• 25:34
  for
• 25:34
  their
• 25:34
  appointments
• 25:34
  and
• 25:34
  saying
• 25:35
  my
• 25:35
  husband
• 25:35
  and
• 25:35
  I
• 25:35
  need
• 25:35
  to
• 25:36
  file
• 25:36
  separately
• 25:36
  because
• 25:37
  the
• 25:37
  folks
• 25:37
  at
• 25:37
  Social
• 25:38
  Security
• 25:38
  told
• 25:38
  me
• 25:38
  if
• 25:39
  we
• 25:39
  file
• 25:39
  together,
• 25:40
  I'm
• 25:40
  going
• 25:40
  to
• 25:40
  have
• 25:40
  to
• 25:40
  pay
• 25:41
  tax
• 25:41
  on
• 25:41
  my
• 25:41
  Social
• 25:41
  Security.
• 25:42
  Completely
• 25:43
  wrong
• 25:43
  information.
• 25:44
  But
• 25:44
  I
• 25:44
  must
• 25:44
  have
• 25:45
  dispelled
• 25:45
  that
• 25:45
  15
• 25:46
  times
• 25:46
  there.
• 25:47
  But
• 25:47
  you
• 25:47
  really
• 25:48
  have
• 25:48
  to
• 25:48
  focus
• 25:48
  in
• 25:49
  on
• 25:49
  the,
• 25:49
  the
• 25:49
  short
• 25:49
  term
• 25:50
  savings,
• 25:50
  are
• 25:51
  they
• 25:51
  worth
• 25:51
  the
• 25:51
  long
• 25:51
  term
• 25:52
  trade
• 25:52
  offs?
• 25:52
  Because
• 25:52
  what
• 25:53
  your
• 25:53
  particular
• 25:53
  question
• 25:54
  is
• 25:54
  one
• 25:55
  of
• 25:55
  those
• 25:55
  situations,
• 25:56
  and
• 25:56
  I've
• 25:56
  dealt
• 25:56
  with
• 25:56
  this
• 25:57
  several
• 25:57
  times
• 25:57
  actually,
• 25:58
  where
• 25:59
  if
• 25:59
  you
• 25:59
  file
• 26:00
  a
• 26:00
  joint
• 26:00
  tax
• 26:00
  return,
• 26:01
  then
• 26:01
  your
• 26:02
  repayment
• 26:03
  amount
• 26:03
  is
• 26:03
  based
• 26:04
  on
• 26:04
  your
• 26:04
  adjusted
• 26:05
  gross
• 26:05
  income
• 26:06
  from
• 26:06
  the
• 26:06
  joint
• 26:06
  tax
• 26:07
  return
• 26:07
  instead
• 26:08
  of
• 26:08
  your
• 26:08
  individual
• 26:09
  income,
• 26:09
  not
• 26:09
  joint
• 26:09
  income.
• 26:11
  But
• 26:11
  you
• 26:11
  have
• 26:11
  to
• 26:11
  be
• 26:11
  careful
• 26:12
  that
• 26:12
  you're
• 26:12
  not
• 26:12
  making
• 26:13
  a
• 26:13
  choice
• 26:13
  based
• 26:14
  on
• 26:14
  what
• 26:14
  sounds
• 26:14
  right
• 26:15
  instead
• 26:15
  of
• 26:16
  what
• 26:16
  the
• 26:16
  numbers
• 26:16
  actually
• 26:17
  say.
• 26:17
  Because
• 26:17
  again,
• 26:18
  there
• 26:18
  are
• 26:18
  a
• 26:19
  whole
• 26:19
  bunch
• 26:19
  of
• 26:19
  people
• 26:19
  out
• 26:20
  there
• 26:20
  promoting
• 26:20
  these
• 26:21
  ideas
• 26:21
  that
• 26:21
  just
• 26:22
  aren't
• 26:22
  true.
• 26:23
  So
• 26:23
  let's
• 26:24
  get
• 26:24
  into
• 26:24
  the
• 26:24
  nitty
• 26:24
  gritty
• 26:25
  of
• 26:25
  this.
• 26:25
  I
• 26:25
  want
• 26:25
  to
• 26:25
  address
• 26:26
  some
• 26:26
  of
• 26:26
  the
• 26:26
  things.
• 26:27
  First
• 26:27
  thing
• 26:27
  is
• 26:28
  your
• 26:28
  wife
• 26:28
  is
• 26:28
  not
• 26:29
  wrong.
• 26:29
  There
• 26:30
  are
• 26:30
  situations
• 26:31
  where
• 26:32
  filing
• 26:32
  separately
• 26:33
  is
• 26:33
  better.
• 26:33
  In
• 26:33
  this
• 26:34
  particular
• 26:34
  case,
• 26:35
  filing
• 26:35
  separately
• 26:36
  can
• 26:36
  lower
• 26:37
  your
• 26:37
  wife's
• 26:37
  loan
• 26:37
  repayments
• 26:38
  because
• 26:38
  of
• 26:38
  that
• 26:39
  IBR
• 26:39
  plan.
• 26:39
  Again,
• 26:40
  it
• 26:40
  goes
• 26:40
  back
• 26:40
  to
• 26:40
  that
• 26:41
  income
• 26:42
  based
• 26:42
  repayment
• 26:42
  plan
• 26:43
  uses
• 26:44
  individual
• 26:44
  income,
• 26:45
  not
• 26:45
  your
• 26:45
  combined
• 26:46
  income
• 26:46
  if
• 26:46
  you
• 26:46
  file
• 26:47
  separately.
• 26:47
  But
• 26:47
  again,
• 26:47
  just
• 26:48
  remember
• 26:48
  this,
• 26:48
  a
• 26:48
  lot
• 26:49
  of
• 26:49
  people
• 26:49
  don't
• 26:49
  think
• 26:49
  about
• 26:49
  this.
• 26:50
  Yes,
• 26:51
  that's
• 26:51
  great.
• 26:52
  It
• 26:52
  cuts
• 26:52
  down
• 26:52
  on
• 26:52
  the
• 26:53
  monthly
• 26:53
  payment.
• 26:54
  But
• 26:54
  again,
• 26:55
  that
• 26:55
  mountain
• 26:55
  is
• 26:56
  still
• 26:56
  growing
• 26:56
  because
• 26:57
  the
• 26:57
  interest
• 26:57
  is
• 26:58
  still
• 26:58
  going
• 26:58
  up.
• 26:59
  So
• 26:59
  you
• 26:59
  might
• 26:59
  think
• 27:00
  you're
• 27:00
  making
• 27:00
  a
• 27:00
  great
• 27:01
  short
• 27:01
  term
• 27:01
  decision
• 27:02
  because
• 27:02
  you're
• 27:02
  cutting
• 27:03
  back
• 27:03
  on
• 27:03
  the
• 27:03
  amount
• 27:03
  you
• 27:04
  have
• 27:04
  to
• 27:04
  pay
• 27:04
  every
• 27:04
  month.
• 27:04
  But
• 27:05
  what
• 27:05
  you
• 27:05
  don't
• 27:05
  think
• 27:05
  about
• 27:06
  is
• 27:06
  in
• 27:06
  the
• 27:07
  long
• 27:07
  term,
• 27:07
  that
• 27:08
  mountain
• 27:08
  is
• 27:08
  just
• 27:08
  getting
• 27:08
  bigger
• 27:09
  and
• 27:09
  bigger
• 27:09
  and
• 27:10
  bigger.
• 27:10
  And
• 27:10
  like
• 27:11
  I
• 27:11
  said,
• 27:11
  I've
• 27:11
  worked
• 27:11
  with
• 27:12
  clients
• 27:12
  in
• 27:12
  this
• 27:12
  very
• 27:13
  issue.
• 27:13
  I
• 27:14
  actually
• 27:14
  have
• 27:14
  one
• 27:14
  I'm
• 27:14
  thinking
• 27:15
  of
• 27:15
  right
• 27:15
  now.
• 27:15
  I
• 27:15
  don't
• 27:15
  want
• 27:15
  to
• 27:15
  share
• 27:16
  their
• 27:16
  specific
• 27:16
  information,
• 27:17
  but
• 27:17
  he
• 27:17
  actually
• 27:18
  had
• 27:18
  a
• 27:18
  more
• 27:18
  interesting
• 27:19
  situation
• 27:19
  where
• 27:20
  he
• 27:20
  went
• 27:20
  into
• 27:21
  a
• 27:21
  field
• 27:21
  where
• 27:22
  if
• 27:22
  he
• 27:23
  would
• 27:23
  work
• 27:23
  in
• 27:24
  a
• 27:24
  particular
• 27:24
  field
• 27:24
  for
• 27:25
  10
• 27:25
  years,
• 27:25
  after
• 27:26
  10
• 27:26
  years,
• 27:27
  they
• 27:27
  actually
• 27:27
  forgave
• 27:28
  all
• 27:28
  his
• 27:28
  student
• 27:29
  loans.
• 27:29
  So
• 27:30
  for
• 27:30
  the
• 27:30
  past
• 27:30
  10
• 27:31
  years,
• 27:31
  we
• 27:31
  filed
• 27:32
  separately
• 27:32
  him
• 27:32
  and
• 27:33
  his
• 27:33
  wife
• 27:33
  because
• 27:34
  he
• 27:34
  didn't
• 27:34
  want
• 27:34
  to
• 27:34
  have
• 27:34
  to
• 27:34
  make
• 27:35
  payments
• 27:35
  during
• 27:35
  that
• 27:35
  time
• 27:36
  because
• 27:36
  the
• 27:36
  payments
• 27:36
  would
• 27:36
  have
• 27:36
  been
• 27:37
  wasted.
• 27:37
  Because
• 27:38
  at
• 27:38
  certain
• 27:38
  point,
• 27:38
  after
• 27:39
  working
• 27:39
  in
• 27:39
  his
• 27:39
  field
• 27:40
  for
• 27:40
  10
• 27:40
  years,
• 27:40
  it's
• 27:41
  a
• 27:41
  beautiful
• 27:41
  situation,
• 27:42
  actually
• 27:42
  working
• 27:43
  in
• 27:43
  his
• 27:43
  field
• 27:44
  for
• 27:44
  10
• 27:44
  years,
• 27:44
  the
• 27:45
  student
• 27:45
  loans
• 27:46
  were
• 27:46
  wiped
• 27:46
  out.
• 27:47
  They're
• 27:47
  gone.
• 27:48
  So
• 27:48
  in
• 27:48
  his
• 27:48
  particular
• 27:49
  case,
• 27:49
  that
• 27:49
  mountain
• 27:50
  that
• 27:50
  I
• 27:50
  talked
• 27:50
  about,
• 27:50
  that
• 27:50
  interest
• 27:51
  growing
• 27:51
  was
• 27:52
  irrelevant.
• 27:52
  So
• 27:53
  for
• 27:53
  us,
• 27:53
  we
• 27:54
  filed
• 27:54
  it
• 27:54
  separately
• 27:54
  every
• 27:55
  year.
• 27:55
  It
• 27:55
  kept
• 27:55
  his
• 27:56
  income
• 27:56
  under
• 27:56
  a
• 27:56
  certain
• 27:57
  threshold.
• 27:57
  He
• 27:57
  didn't
• 27:58
  even
• 27:58
  have
• 27:58
  to
• 27:58
  make
• 27:58
  payments
• 27:58
  because
• 27:59
  by
• 27:59
  the
• 27:59
  time
• 28:00
  we
• 28:00
  added
• 28:00
  his
• 28:00
  children,
• 28:01
  his
• 28:01
  dependents
• 28:02
  on
• 28:02
  here,
• 28:02
  he
• 28:02
  didn't
• 28:03
  have
• 28:03
  to
• 28:03
  make
• 28:03
  any
• 28:03
  payments
• 28:03
  at
• 28:03
  all.
• 28:04
  And
• 28:04
  for
• 28:04
  him,
• 28:04
  he's
• 28:04
  just
• 28:05
  pushing
• 28:05
  the
• 28:05
  stone
• 28:05
  uphill.
• 28:06
  But
• 28:06
  at
• 28:06
  some
• 28:06
  point
• 28:07
  that
• 28:07
  stone
• 28:07
  got
• 28:07
  crushed
• 28:08
  because
• 28:08
  it
• 28:08
  got
• 28:08
  written
• 28:08
  off.
• 28:09
  But
• 28:10
  the
• 28:10
  real
• 28:10
  question
• 28:10
  here
• 28:11
  is,
• 28:12
  does
• 28:12
  the
• 28:12
  loan
• 28:13
  savings
• 28:13
  outweigh
• 28:13
  the
• 28:14
  tax
• 28:14
  increase?
• 28:15
  I'll
• 28:16
  give
• 28:16
  you
• 28:16
  an
• 28:16
  example.
• 28:16
  One
• 28:17
  couple
• 28:17
  saved
• 28:17
  $9,332
• 28:19
  a
• 28:19
  year
• 28:20
  filing
• 28:20
  separately.
• 28:21
  At
• 28:22
  the
• 28:22
  same
• 28:22
  time,
• 28:22
  I've
• 28:22
  worked
• 28:22
  with
• 28:23
  other
• 28:23
  clients
• 28:23
  that
• 28:23
  have
• 28:23
  lost
• 28:24
  $1,000.
• 28:25
  There's
• 28:25
  no
• 28:25
  universal
• 28:26
  right
• 28:26
  answer.
• 28:27
  You've
• 28:27
  got
• 28:28
  to
• 28:28
  run
• 28:28
  the
• 28:28
  numbers
• 28:29
  before
• 28:29
  you
• 28:29
  file.
• 28:29
  This
• 28:30
  is
• 28:30
  one
• 28:30
  of
• 28:30
  those
• 28:30
  times
• 28:31
  where
• 28:31
  don't
• 28:32
  try
• 28:32
  to
• 28:32
  do
• 28:32
  this
• 28:32
  yourself.
• 28:33
  Go
• 28:33
  hire
• 28:34
  a
• 28:34
  professional
• 28:35
  accountant.
• 28:35
  Go
• 28:36
  hire
• 28:36
  somebody
• 28:36
  that
• 28:36
  knows
• 28:37
  what
• 28:37
  they're
• 28:37
  doing
• 28:38
  because
• 28:38
  you
• 28:39
  got
• 28:39
  to
• 28:39
  run
• 28:39
  the
• 28:39
  numbers
• 28:40
  and
• 28:40
  make
• 28:40
  sure
• 28:40
  it
• 28:40
  makes
• 28:41
  sense
• 28:41
  for
• 28:41
  you.
• 28:41
  Another
• 28:41
  thing
• 28:41
  you
• 28:42
  can
• 28:42
  do,
• 28:42
  and
• 28:42
  we'll
• 28:42
  put
• 28:43
  a
• 28:43
  link
• 28:43
  to
• 28:43
  this
• 28:43
  in
• 28:43
  the
• 28:43
  show
• 28:43
  notes,
• 28:44
  is
• 28:44
  you
• 28:44
  can
• 28:44
  use
• 28:45
  the
• 28:45
  Federal
• 28:45
  Student
• 28:45
  Aid
• 28:46
  Loan
• 28:46
  simulator
• 28:47
  that's@studentaid.gov
• 28:49
  and
• 28:49
  then
• 28:49
  you
• 28:49
  can
• 28:50
  compare
• 28:50
  the
• 28:50
  tax
• 28:50
  differences.
• 28:51
  But
• 28:52
  this
• 28:52
  isn't
• 28:52
  a
• 28:52
  time
• 28:52
  to
• 28:53
  guess.
• 28:54
  And
• 28:54
  our
• 28:54
  scripture
• 28:54
  verse
• 28:55
  here
• 28:55
  that
• 28:55
  I
• 28:55
  found
• 28:55
  was
• 28:55
  from
• 28:56
  the
• 28:56
  Book
• 28:56
  of
• 28:56
  Amos.
• 28:57
  This
• 28:57
  is
• 28:57
  one
• 28:57
  I
• 28:58
  use
• 28:58
  a
• 28:58
  lot
• 28:58
  when
• 28:58
  I
• 28:58
  counsel
• 29:00
  married
• 29:00
  couples.
• 29:01
  And
• 29:01
  it's
• 29:01
  Amos
• 29:02
  3.
• 29:02
  3
• 29:02
  says,
• 29:02
  do
• 29:02
  two
• 29:03
  walk
• 29:03
  together
• 29:03
  unless
• 29:04
  they
• 29:04
  have
• 29:04
  agreed
• 29:04
  to
• 29:05
  do
• 29:05
  so.
• 29:05
  The
• 29:06
  thing
• 29:06
  is
• 29:06
  you've
• 29:06
  got
• 29:06
  to
• 29:07
  come
• 29:07
  to
• 29:07
  agreement.
• 29:07
  You
• 29:08
  got
• 29:08
  to
• 29:08
  understand
• 29:08
  the
• 29:09
  numbers
• 29:09
  and
• 29:10
  stop
• 29:10
  guessing
• 29:11
  at
• 29:11
  them.
• 29:12
  But
• 29:12
  here's
• 29:12
  a
• 29:13
  great.
• 29:13
  We
• 29:13
  have
• 29:13
  a
• 29:13
  little
• 29:13
  bit
• 29:13
  of
• 29:14
  a
• 29:14
  follow
• 29:14
  up
• 29:14
  on
• 29:14
  this
• 29:14
  one.
• 29:15
  We
• 29:15
  actually
• 29:15
  found
• 29:16
  right
• 29:16
  from
• 29:16
  the
• 29:16
  student
• 29:17
  loan
• 29:17
  planner,
• 29:17
  there's
• 29:18
  an
• 29:18
  article
• 29:18
  called
• 29:18
  Married
• 29:19
  Filing
• 29:19
  Separately
• 29:20
  for
• 29:20
  Student
• 29:20
  Loans.
• 29:21
  We'll
• 29:21
  put
• 29:21
  a
• 29:21
  link
• 29:21
  to
• 29:21
  that
• 29:22
  in
• 29:22
  the
• 29:22
  show
• 29:22
  notes.
• 29:23
  And
• 29:23
  this
• 29:23
  question
• 29:24
  comes
• 29:24
  up
• 29:24
  more
• 29:25
  than
• 29:25
  people
• 29:25
  realize.
• 29:26
  So
• 29:26
  I
• 29:26
  want
• 29:26
  to
• 29:26
  dig
• 29:26
  into
• 29:27
  some
• 29:27
  actual
• 29:28
  research
• 29:29
  because
• 29:29
  the
• 29:29
  answer
• 29:30
  is
• 29:30
  not
• 29:30
  as
• 29:30
  simple
• 29:30
  as
• 29:31
  most
• 29:31
  people
• 29:31
  think.
• 29:31
  A
• 29:31
  lot
• 29:31
  of
• 29:32
  people
• 29:32
  think.
• 29:32
  And
• 29:32
  like
• 29:32
  I
• 29:32
  said,
• 29:33
  I've
• 29:33
  dealt
• 29:33
  with
• 29:33
  situations
• 29:34
  where
• 29:34
  it
• 29:34
  made
• 29:34
  sense.
• 29:35
  I've
• 29:35
  dealt
• 29:35
  with
• 29:35
  situations
• 29:36
  where
• 29:36
  it
• 29:36
  doesn't
• 29:37
  make
• 29:37
  sense.
• 29:37
  But
• 29:37
  here's
• 29:37
  the
• 29:38
  problem.
• 29:38
  When
• 29:38
  you
• 29:39
  file
• 29:39
  separately,
• 29:39
  and
• 29:39
  a
• 29:40
  lot
• 29:40
  of
• 29:40
  people
• 29:40
  don't
• 29:40
  know
• 29:40
  this,
• 29:41
  there
• 29:41
  are
• 29:42
  tax
• 29:42
  credits
• 29:43
  that
• 29:43
  are
• 29:43
  tied
• 29:44
  to
• 29:44
  filing
• 29:44
  jointly.
• 29:45
  If
• 29:45
  you
• 29:46
  file
• 29:46
  separately,
• 29:46
  you,
• 29:47
  you
• 29:47
  lose
• 29:47
  those
• 29:47
  credits
• 29:48
  and
• 29:48
  depending
• 29:49
  upon
• 29:49
  your
• 29:49
  situation
• 29:50
  could
• 29:50
  be
• 29:51
  child
• 29:51
  tax
• 29:51
  credits,
• 29:52
  it
• 29:52
  could
• 29:52
  be
• 29:52
  education
• 29:53
  credits,
• 29:54
  it
• 29:54
  could
• 29:54
  be
• 29:54
  rental
• 29:55
  property
• 29:55
  losses.
• 29:56
  All
• 29:56
  of
• 29:56
  those
• 29:56
  things,
• 29:57
  if
• 29:57
  you
• 29:57
  choose
• 29:58
  to
• 29:58
  file
• 29:58
  separately,
• 29:59
  will
• 29:59
  go
• 29:59
  away.
• 29:59
  Or
• 30:00
  they
• 30:00
  could
• 30:00
  be
• 30:00
  limited.
• 30:01
  So
• 30:01
  you've
• 30:01
  got
• 30:02
  to
• 30:02
  make
• 30:02
  the
• 30:02
  decision
• 30:03
  not
• 30:03
  in
• 30:03
  isolation,
• 30:04
  but
• 30:04
  looking
• 30:04
  at
• 30:04
  the
• 30:05
  whole
• 30:05
  picture.
• 30:05
  When
• 30:05
  I
• 30:05
  sit
• 30:05
  down
• 30:06
  with
• 30:06
  tax
• 30:06
  clients,
• 30:07
  husband
• 30:08
  and
• 30:08
  wife
• 30:08
  is
• 30:08
  a
• 30:09
  very
• 30:09
  common
• 30:09
  scenario.
• 30:10
  I
• 30:10
  have
• 30:11
  software
• 30:11
  that'll
• 30:11
  run
• 30:11
  all
• 30:12
  the
• 30:12
  different
• 30:12
  scenarios
• 30:13
  at
• 30:13
  the
• 30:13
  same
• 30:13
  time.
• 30:14
  Sometimes
• 30:15
  it
• 30:15
  works
• 30:15
  out
• 30:15
  better,
• 30:16
  sometimes
• 30:16
  it
• 30:16
  doesn't.
• 30:17
  I
• 30:17
  would
• 30:17
  say
• 30:17
  I
• 30:18
  probably
• 30:18
  do
• 30:18
  500
• 30:19
  individual
• 30:19
  tax
• 30:20
  returns
• 30:20
  a
• 30:20
  year.
• 30:21
  Of
• 30:21
  those
• 30:22
  500,
• 30:22
  probably
• 30:23
  five
• 30:24
  out
• 30:24
  of
• 30:24
  500
• 30:25
  benefit
• 30:26
  from
• 30:27
  a
• 30:27
  financial
• 30:27
  standpoint
• 30:28
  on
• 30:29
  filing
• 30:29
  returns
• 30:30
  separately.
• 30:30
  Now,
• 30:30
  there
• 30:30
  could
• 30:31
  be
• 30:31
  other
• 30:31
  reasons
• 30:31
  like
• 30:31
  I
• 30:31
  talked
• 30:32
  about,
• 30:32
  I
• 30:32
  got
• 30:32
  that
• 30:33
  client
• 30:33
  that's
• 30:33
  a.
• 30:33
  Well,
• 30:33
  he's
• 30:34
  not
• 30:34
  a
• 30:34
  client
• 30:34
  anymore.
• 30:34
  But
• 30:34
  I
• 30:34
  had
• 30:35
  clients
• 30:35
  that
• 30:35
  were
• 30:35
  doing,
• 30:36
  we'll
• 30:36
  call
• 30:36
  it
• 30:36
  inappropriate
• 30:37
  things
• 30:38
  and
• 30:38
  the
• 30:38
  spouse
• 30:38
  didn't
• 30:39
  want
• 30:39
  to
• 30:39
  be
• 30:39
  involved
• 30:39
  with
• 30:39
  that.
• 30:41
  But
• 30:41
  generally
• 30:42
  it's
• 30:42
  unusual
• 30:43
  for
• 30:43
  it
• 30:43
  to
• 30:44
  work.
• 30:44
  And
• 30:44
  you
• 30:44
  also
• 30:45
  have
• 30:45
  to
• 30:45
  think
• 30:45
  about
• 30:45
  the
• 30:45
  long
• 30:46
  term
• 30:46
  effectiveness
• 30:47
  that
• 30:47
  one
• 30:48
  decision
• 30:49
  could
• 30:50
  affect
• 30:50
  the
• 30:50
  rest
• 30:50
  of
• 30:50
  the
• 30:51
  years.
• 30:52
  So
• 30:52
  here's
• 30:52
  some
• 30:52
  key
• 30:52
  findings
• 30:53
  we
• 30:53
  found
• 30:53
  in
• 30:53
  this
• 30:53
  report.
• 30:54
  Filing
• 30:55
  separately
• 30:55
  does
• 30:56
  mean
• 30:56
  that
• 30:56
  those
• 30:57
  identified
• 30:58
  payments
• 30:58
  are
• 30:58
  based
• 30:59
  on
• 30:59
  the
• 30:59
  income
• 30:59
  of
• 31:00
  only
• 31:00
  one
• 31:00
  person.
• 31:00
  So
• 31:01
  that
• 31:01
  could
• 31:01
  lower
• 31:01
  your
• 31:01
  payment.
• 31:02
  But
• 31:02
  again,
• 31:03
  understand
• 31:04
  the
• 31:04
  interest
• 31:05
  is
• 31:05
  still
• 31:05
  accruing,
• 31:06
  it's
• 31:06
  still
• 31:06
  growing.
• 31:07
  You're
• 31:07
  just
• 31:07
  adding
• 31:08
  it
• 31:08
  to
• 31:08
  bigger.
• 31:09
  It
• 31:09
  also
• 31:10
  means
• 31:10
  that
• 31:10
  you
• 31:10
  lose
• 31:11
  the
• 31:11
  student
• 31:11
  loan
• 31:11
  interest
• 31:11
  deduction.
• 31:12
  So
• 31:12
  that
• 31:13
  could
• 31:13
  be
• 31:13
  part
• 31:13
  of
• 31:13
  this
• 31:13
  too.
• 31:14
  You
• 31:14
  could
• 31:14
  lose
• 31:15
  part
• 31:15
  of
• 31:15
  your
• 31:15
  earned
• 31:15
  income
• 31:15
  tax
• 31:16
  credit
• 31:16
  and
• 31:17
  part
• 31:17
  of
• 31:17
  the
• 31:17
  dependent
• 31:18
  care
• 31:18
  credit.
• 31:19
  Here's
• 31:19
  another
• 31:19
  thing
• 31:19
  a
• 31:19
  lot
• 31:20
  of
• 31:20
  people
• 31:20
  don't
• 31:20
  tell
• 31:20
  you.
• 31:21
  You
• 31:21
  can
• 31:22
  amend
• 31:22
  a
• 31:22
  joint
• 31:23
  return,
• 31:24
  but
• 31:24
  you
• 31:24
  can't
• 31:24
  amend
• 31:25
  joint
• 31:25
  to
• 31:25
  separate.
• 31:26
  That's
• 31:26
  an
• 31:26
  important
• 31:27
  thing.
• 31:28
  So
• 31:28
  you
• 31:28
  can
• 31:28
  amend
• 31:29
  a
• 31:29
  return
• 31:29
  to
• 31:29
  joint.
• 31:30
  Like
• 31:30
  if
• 31:30
  for
• 31:30
  some
• 31:30
  reason
• 31:31
  you
• 31:32
  decide
• 31:32
  to
• 31:32
  file
• 31:33
  a
• 31:33
  joint
• 31:33
  tax
• 31:33
  return
• 31:34
  and
• 31:34
  let's
• 31:34
  say
• 31:35
  later
• 31:35
  you
• 31:35
  find
• 31:35
  out
• 31:36
  it
• 31:36
  would
• 31:36
  have
• 31:36
  been
• 31:36
  better
• 31:36
  to
• 31:37
  file
• 31:37
  separately,
• 31:37
  you
• 31:37
  can
• 31:38
  do
• 31:38
  that,
• 31:38
  but
• 31:39
  you
• 31:39
  can't
• 31:39
  amend
• 31:40
  joint
• 31:40
  to
• 31:40
  separate.
• 31:41
  I
• 31:41
  think
• 31:42
  I
• 31:42
  may
• 31:42
  have
• 31:42
  just
• 31:42
  messed
• 31:42
  that
• 31:43
  up.
• 31:43
  Let
• 31:43
  me
• 31:44
  rephrase
• 31:44
  that.
• 31:45
  You
• 31:45
  can
• 31:45
  amend
• 31:46
  separate
• 31:46
  returns.
• 31:47
  Let
• 31:47
  me
• 31:47
  rephrase
• 31:48
  it
• 31:48
  because
• 31:48
  I
• 31:48
  just
• 31:48
  totally
• 31:49
  fouled
• 31:49
  that
• 31:49
  up.
• 31:49
  I
• 31:49
  wasn't
• 31:50
  losing
• 31:50
  my
• 31:50
  mind
• 31:51
  today.
• 31:52
  Here's
• 31:52
  the
• 31:52
  deal.
• 31:52
  If
• 31:52
  you
• 31:53
  file
• 31:53
  separate
• 31:53
  returns,
• 31:54
  let's
• 31:54
  say
• 31:54
  you
• 31:54
  and
• 31:55
  your
• 31:55
  husband
• 31:55
  decide
• 31:55
  we're
• 31:55
  going
• 31:56
  to
• 31:56
  file
• 31:56
  separate
• 31:56
  returns.
• 31:57
  But
• 31:57
  it
• 31:58
  works
• 31:58
  out
• 31:58
  that
• 31:58
  it
• 31:58
  didn't
• 31:59
  make
• 31:59
  sense
• 31:59
  to
• 31:59
  file
• 31:59
  separate
• 32:00
  returns.
• 32:00
  You
• 32:00
  can
• 32:01
  amend
• 32:01
  the
• 32:02
  separates
• 32:02
  to
• 32:03
  make
• 32:03
  them
• 32:03
  joint.
• 32:04
  You
• 32:04
  just
• 32:04
  can't
• 32:05
  do
• 32:05
  it
• 32:05
  the
• 32:05
  other
• 32:05
  way
• 32:05
  around.
• 32:06
  So
• 32:06
  here's
• 32:06
  some
• 32:06
  quotes
• 32:07
  right
• 32:07
  from
• 32:07
  that
• 32:07
  article.
• 32:07
  This
• 32:08
  is
• 32:08
  right
• 32:08
  from
• 32:08
  the
• 32:08
  student
• 32:08
  loan
• 32:09
  planner.
• 32:09
  If
• 32:09
  you
• 32:09
  file
• 32:10
  jointly,
• 32:10
  your
• 32:11
  payment
• 32:11
  is
• 32:11
  going
• 32:12
  to
• 32:12
  be
• 32:12
  based
• 32:12
  on
• 32:12
  joint
• 32:13
  income
• 32:13
  no
• 32:13
  matter
• 32:13
  what.
• 32:14
  So
• 32:14
  if
• 32:14
  you
• 32:15
  want
• 32:15
  your
• 32:15
  payment
• 32:15
  based
• 32:15
  solely
• 32:16
  on
• 32:16
  your
• 32:16
  income,
• 32:17
  the
• 32:17
  most
• 32:17
  recent
• 32:18
  return
• 32:18
  on
• 32:18
  file
• 32:19
  must
• 32:19
  be
• 32:19
  separate.
• 32:19
  So
• 32:20
  that's
• 32:20
  what
• 32:20
  it's
• 32:20
  telling
• 32:20
  you.
• 32:20
  But
• 32:20
  again,
• 32:21
  I
• 32:22
  probably
• 32:22
  said
• 32:22
  this
• 32:22
  15
• 32:23
  times
• 32:23
  already,
• 32:24
  but
• 32:24
  don't
• 32:24
  lose
• 32:25
  sight
• 32:25
  of
• 32:25
  the
• 32:25
  fact
• 32:26
  that
• 32:26
  you're
• 32:26
  still
• 32:27
  going
• 32:27
  to
• 32:27
  pay
• 32:28
  that.
• 32:28
  Now,
• 32:28
  unless
• 32:28
  you
• 32:28
  have
• 32:29
  that
• 32:29
  sweet
• 32:29
  deal
• 32:29
  like
• 32:29
  my
• 32:30
  client
• 32:30
  had.
• 32:31
  There
• 32:31
  are
• 32:31
  physicians,
• 32:32
  there
• 32:32
  are
• 32:32
  nurses
• 32:32
  that
• 32:33
  have
• 32:33
  the
• 32:33
  same
• 32:33
  deal.
• 32:34
  If
• 32:34
  you
• 32:34
  work
• 32:34
  in
• 32:34
  your
• 32:34
  field
• 32:35
  for
• 32:35
  a
• 32:35
  certain
• 32:35
  number
• 32:35
  of
• 32:35
  years,
• 32:36
  they
• 32:36
  actually
• 32:36
  will
• 32:37
  forgive
• 32:37
  those
• 32:37
  student
• 32:38
  loans.
• 32:38
  In
• 32:39
  that
• 32:39
  case,
• 32:39
  that's
• 32:40
  probably
• 32:40
  a
• 32:40
  good
• 32:40
  thing
• 32:41
  to
• 32:41
  do.
• 32:41
  Here's
• 32:42
  another
• 32:42
  thing
• 32:42
  it
• 32:42
  said
• 32:42
  in
• 32:42
  the
• 32:42
  article.
• 32:43
  It
• 32:43
  says
• 32:43
  if
• 32:43
  filing
• 32:44
  separately
• 32:44
  costs
• 32:44
  you
• 32:45
  less
• 32:45
  in
• 32:45
  taxes
• 32:45
  than
• 32:46
  what
• 32:46
  you
• 32:46
  save
• 32:46
  in
• 32:46
  student
• 32:47
  loan
• 32:47
  payments,
• 32:47
  you've
• 32:48
  got
• 32:48
  the
• 32:48
  green
• 32:48
  light
• 32:49
  again.
• 32:50
  Remember
• 32:50
  who's
• 32:50
  writing
• 32:51
  this.
• 32:52
  They
• 32:52
  like
• 32:52
  the
• 32:53
  fact
• 32:53
  that
• 32:53
  you're
• 32:53
  paying
• 32:53
  them
• 32:53
  interest.
• 32:54
  There's
• 32:55
  another
• 32:55
  thing
• 32:55
  it
• 32:55
  says
• 32:55
  in
• 32:55
  here.
• 32:56
  You
• 32:56
  can
• 32:56
  flip
• 32:56
  flop
• 32:56
  from
• 32:56
  year
• 32:57
  to
• 32:57
  year.
• 32:57
  The
• 32:57
  IRS
• 32:57
  doesn't
• 32:58
  care.
• 32:58
  It's
• 32:59
  just
• 32:59
  what
• 32:59
  makes
• 32:59
  sense
• 33:00
  for
• 33:00
  you
• 33:00
  to
• 33:00
  do
• 33:00
  now,
• 33:01
  this
• 33:01
  year.
• 33:01
  So
• 33:01
  again,
• 33:02
  it
• 33:02
  depends
• 33:02
  on
• 33:03
  your
• 33:03
  situation.
• 33:04
  Go
• 33:04
  hire
• 33:04
  somebody,
• 33:05
  go
• 33:05
  pay
• 33:06
  a
• 33:06
  little
• 33:06
  bit
• 33:06
  of
• 33:06
  money
• 33:07
  and
• 33:07
  make
• 33:07
  sure
• 33:07
  it's
• 33:08
  the
• 33:08
  right
• 33:08
  thing
• 33:08
  for
• 33:09
  your
• 33:09
  situation.
• 33:09
  So
• 33:09
  here's
• 33:10
  my
• 33:10
  take
• 33:10
  on
• 33:10
  this
• 33:10
  whole
• 33:10
  situation.
• 33:12
  Your
• 33:12
  wife
• 33:12
  isn't
• 33:13
  wrong,
• 33:14
  but
• 33:14
  you've
• 33:14
  got
• 33:14
  to
• 33:14
  work
• 33:15
  together
• 33:15
  on
• 33:15
  this.
• 33:16
  If
• 33:16
  you
• 33:16
  don't
• 33:17
  have
• 33:17
  all
• 33:17
  the
• 33:17
  numbers
• 33:17
  yet,
• 33:18
  make
• 33:19
  sure
• 33:19
  you
• 33:19
  get
• 33:19
  those
• 33:19
  and
• 33:20
  fix
• 33:20
  it
• 33:20
  before
• 33:21
  you
• 33:21
  file,
• 33:21
  not
• 33:21
  after.
• 33:24
  Don't
• 33:24
  just
• 33:24
  do
• 33:24
  what
• 33:25
  everyone
• 33:25
  else
• 33:25
  does.
• 33:26
  Think
• 33:27
  through
• 33:27
  it
• 33:27
  and
• 33:28
  decide
• 33:28
  on
• 33:28
  this
• 33:29
  together.
• 33:31
  Okay,
• 33:31
  so
• 33:32
  now
• 33:32
  that
• 33:32
  we've
• 33:32
  kind
• 33:32
  of
• 33:32
  Closed
• 33:33
  out.
• 33:33
  I'm
• 33:33
  just
• 33:33
  going
• 33:33
  to
• 33:33
  check
• 33:34
  the
• 33:34
  room
• 33:34
  here.
• 33:34
  If
• 33:34
  you
• 33:34
  see
• 33:34
  me
• 33:34
  looking
• 33:34
  aside,
• 33:35
  it
• 33:35
  just,
• 33:35
  I
• 33:35
  want
• 33:35
  to
• 33:35
  see
• 33:36
  if
• 33:36
  there's
• 33:36
  anybody
• 33:36
  that
• 33:36
  wanted
• 33:37
  to
• 33:37
  ask
• 33:37
  a
• 33:37
  question.
• 33:38
  The
• 33:38
  whole
• 33:38
  point
• 33:38
  of
• 33:38
  this
• 33:39
  show
• 33:39
  was
• 33:39
  really
• 33:39
  to
• 33:39
  get
• 33:40
  people
• 33:40
  to
• 33:41
  come
• 33:41
  and
• 33:41
  ask
• 33:41
  questions.
• 33:42
  That's
• 33:42
  why
• 33:43
  I'm
• 33:43
  here.
• 33:43
  My
• 33:44
  goal
• 33:44
  is
• 33:44
  to
• 33:44
  help
• 33:44
  you
• 33:45
  with
• 33:45
  whatever
• 33:45
  financial
• 33:46
  situation
• 33:46
  you're
• 33:46
  going
• 33:47
  through.
• 33:47
  And
• 33:47
  like
• 33:47
  I
• 33:47
  said,
• 33:47
  I'm
• 33:48
  going
• 33:48
  to
• 33:48
  be
• 33:48
  here
• 33:48
  every
• 33:49
  Friday
• 33:50
  at
• 33:50
  1pm
• 33:50
  on
• 33:51
  Clubhouse,
• 33:52
  on
• 33:52
  YouTube,
• 33:53
  on
• 33:53
  Facebook
• 33:54
  and
• 33:54
  LinkedIn.
• 33:54
  If
• 33:55
  you've
• 33:55
  got
• 33:55
  a
• 33:55
  question,
• 33:55
  you
• 33:55
  can
• 33:55
  throw
• 33:56
  it
• 33:56
  in
• 33:56
  the
• 33:56
  chat.
• 33:56
  If
• 33:57
  you
• 33:57
  want
• 33:57
  to
• 33:57
  send
• 33:57
  me
• 33:57
  something,
• 33:58
  go
• 33:58
  right
• 33:58
  to
• 33:58
  our
• 33:59
  website.
• 33:59
  That's
• 33:59
  financially
• 34:00
  confidentchristian.com
• 34:03
  question.
• 34:03
  Hey,
• 34:04
  and
• 34:04
  if
• 34:04
  you
• 34:04
  want
• 34:04
  to,
• 34:05
  you
• 34:05
  can
• 34:05
  actually
• 34:05
  leave
• 34:06
  me
• 34:06
  a
• 34:06
  voicemail.
• 34:06
  You
• 34:07
  can
• 34:07
  go
• 34:07
  to
• 34:07
  financiallyconfidentchristian.com
• 34:10
  voicemail.
• 34:12
  All
• 34:13
  of
• 34:13
  these
• 34:13
  things.
• 34:13
  Bring
• 34:13
  up
• 34:13
  a
• 34:14
  couple
• 34:14
  of
• 34:14
  things.
• 34:15
  Let's
• 34:15
  talk
• 34:15
  with
• 34:15
  the
• 34:15
  first
• 34:15
  one,
• 34:16
  the
• 34:16
  nursing
• 34:16
  it.
• 34:17
  If
• 34:17
  you're
• 34:17
  in
• 34:18
  survival
• 34:18
  mode
• 34:19
  and
• 34:19
  the
• 34:19
  nurse
• 34:20
  was
• 34:20
  really
• 34:20
  in
• 34:20
  survival
• 34:21
  mode,
• 34:22
  find
• 34:22
  one
• 34:22
  program
• 34:23
  you
• 34:23
  haven't
• 34:23
  tried,
• 34:24
  whether
• 34:24
  that's
• 34:25
  the
• 34:25
  food
• 34:25
  bank,
• 34:26
  wic,
• 34:26
  employee
• 34:27
  assistance.
• 34:27
  Just
• 34:28
  find
• 34:28
  one
• 34:28
  thing
• 34:29
  and
• 34:29
  let's
• 34:30
  talk
• 34:30
  about
• 34:30
  the
• 34:30
  other
• 34:30
  person.
• 34:31
  If
• 34:31
  you
• 34:31
  feel
• 34:32
  behind,
• 34:33
  take
• 34:34
  $1
• 34:34
  of
• 34:34
  wiggle
• 34:35
  room
• 34:35
  and
• 34:35
  move
• 34:35
  it
• 34:36
  somewhere.
• 34:36
  Build
• 34:36
  that
• 34:37
  emergency
• 34:37
  fund.
• 34:38
  Like
• 34:38
  I
• 34:38
  said,
• 34:38
  check
• 34:38
  in
• 34:38
  with
• 34:39
  your
• 34:39
  company
• 34:40
  about
• 34:40
  the
• 34:40
  401.
• 34:41
  Make
• 34:41
  sure
• 34:41
  you're
• 34:41
  not
• 34:41
  leaving
• 34:42
  that
• 34:42
  $100
• 34:42
  on
• 34:43
  the
• 34:43
  sidewalk.
• 34:44
  Think
• 34:44
  about
• 34:44
  that
• 34:44
  debt.
• 34:45
  Just
• 34:45
  make
• 34:45
  $1
• 34:46
  in
• 34:46
  one
• 34:46
  direction.
• 34:47
  And
• 34:48
  if
• 34:48
  you're
• 34:48
  filing
• 34:48
  taxes
• 34:49
  next
• 34:49
  year,
• 34:49
  we're
• 34:49
  too
• 34:49
  far
• 34:50
  too
• 34:50
  past
• 34:50
  tax
• 34:51
  season
• 34:51
  now.
• 34:52
  But
• 34:52
  run
• 34:52
  the
• 34:53
  numbers.
• 34:54
  Meet
• 34:54
  with
• 34:54
  somebody
• 34:54
  that's
• 34:55
  a
• 34:55
  professional.
• 34:55
  Don't
• 34:56
  go
• 34:56
  on
• 34:56
  to
• 34:56
  online
• 34:57
  site
• 34:57
  or
• 34:58
  go
• 34:58
  look
• 34:58
  at
• 34:58
  TikTok
• 34:59
  or
• 34:59
  YouTube
• 34:59
  and
• 34:59
  just
• 35:00
  say
• 35:00
  wow
• 35:00
  or
• 35:00
  Reddit.
• 35:01
  I'm
• 35:01
  gonna
• 35:01
  go
• 35:01
  figure
• 35:01
  out
• 35:02
  what
• 35:02
  it
• 35:02
  says
• 35:02
  on
• 35:02
  there.
• 35:03
  Run
• 35:03
  the
• 35:03
  numbers.
• 35:04
  Talk
• 35:04
  to
• 35:04
  a
• 35:04
  professional.
• 35:05
  Don't
• 35:05
  guess.
• 35:06
  Know
• 35:07
  where
• 35:07
  you
• 35:07
  act
• 35:08
  before
• 35:08
  you
• 35:08
  act.
• 35:08
  Just
• 35:09
  one
• 35:09
  step.
• 35:11
  You're
• 35:11
  not
• 35:11
  failing.
• 35:13
  That's
• 35:13
  the
• 35:13
  thing
• 35:13
  that
• 35:13
  the
• 35:14
  common
• 35:14
  thread
• 35:14
  that
• 35:15
  goes
• 35:15
  through
• 35:15
  all
• 35:15
  these
• 35:15
  questions
• 35:16
  today.
• 35:17
  You're
• 35:17
  not
• 35:17
  failing.
• 35:18
  You're
• 35:18
  surviving.
• 35:19
  You're
• 35:19
  starting
• 35:19
  and
• 35:20
  you're
• 35:20
  deciding.
• 35:20
  That's
• 35:21
  movement.
• 35:22
  And
• 35:22
  if
• 35:22
  you
• 35:22
  want
• 35:22
  more
• 35:23
  of
• 35:23
  these
• 35:23
  type
• 35:23
  of
• 35:23
  situations,
• 35:24
  these
• 35:24
  type
• 35:24
  of
• 35:25
  questions,
• 35:25
  I
• 35:25
  answer
• 35:25
  these
• 35:26
  every
• 35:26
  day
• 35:26
  on
• 35:26
  my
• 35:27
  daily
• 35:27
  show.
• 35:27
  The
• 35:28
  best
• 35:28
  way
• 35:28
  to
• 35:28
  get
• 35:28
  to
• 35:29
  that
• 35:29
  is
• 35:29
  go
• 35:29
  to
• 35:29
  financiallyconfidentchristian.com
• 35:31
  Again,
• 35:33
  that's
• 35:33
  financiallyconfidentchristian.com
• 35:36
  and
• 35:36
  like
• 35:36
  I
• 35:36
  said
• 35:36
  earlier,
• 35:37
  if
• 35:37
  you
• 35:37
  want
• 35:37
  a
• 35:38
  copy
• 35:38
  of
• 35:38
  of
• 35:39
  my
• 35:39
  faithful
• 35:39
  money
• 35:39
  framework,
• 35:40
  we
• 35:40
  talked
• 35:40
  about
• 35:40
  that
• 35:41
  a
• 35:41
  lot
• 35:41
  on
• 35:41
  the
• 35:41
  last
• 35:42
  show.
• 35:42
  So
• 35:42
  you
• 35:42
  go
• 35:43
  check
• 35:43
  that
• 35:43
  out
• 35:43
  in
• 35:43
  our
• 35:43
  show
• 35:43
  feed
• 35:44
  or
• 35:44
  you
• 35:44
  can
• 35:44
  join
• 35:45
  our
• 35:45
  Patreon
• 35:45
  community.
• 35:46
  You
• 35:46
  can
• 35:46
  get
• 35:46
  it
• 35:47
  absolutely
• 35:47
  free.
• 35:47
  It's
• 35:48
  at
• 35:48
  financiallyconfidentchristian.com
• 35:50
  FCCLive
• 35:52
  Again,
• 35:53
  that's
• 35:53
  financiallyconfidentchristian.com
• 35:55
  FCCLive
• 35:58
  Same
• 35:58
  time
• 35:58
  next
• 35:58
  Friday.
• 35:59
  But
• 35:59
  how
• 35:59
  about
• 35:59
  we
• 35:59
  pray
• 36:00
  as
• 36:00
  we
• 36:00
  close
• 36:00
  out
• 36:00
  today?
• 36:01
  Lord,
• 36:02
  I
• 36:02
  just
• 36:02
  want
• 36:02
  to
• 36:02
  thank
• 36:02
  you
• 36:03
  for
• 36:03
  these
• 36:03
  people
• 36:03
  with
• 36:03
  the
• 36:04
  questions
• 36:04
  today.
• 36:05
  Thank
• 36:05
  you
• 36:05
  for
• 36:06
  their
• 36:06
  honesty
• 36:06
  about
• 36:07
  where
• 36:07
  they
• 36:07
  really
• 36:07
  are.
• 36:08
  Lord,
• 36:08
  you
• 36:08
  feel
• 36:09
  the
• 36:09
  shame.
• 36:09
  And
• 36:09
  help
• 36:10
  them
• 36:10
  break
• 36:10
  that
• 36:10
  shame
• 36:11
  cycle.
• 36:11
  Help
• 36:12
  them
• 36:12
  see
• 36:12
  they're
• 36:12
  not
• 36:12
  alone.
• 36:13
  And
• 36:13
  give
• 36:14
  them
• 36:14
  one
• 36:14
  clear
• 36:14
  next
• 36:15
  step
• 36:15
  this
• 36:15
  very
• 36:16
  week.
• 36:17
  Remind
• 36:17
  them
• 36:17
  all
• 36:18
  that
• 36:18
  survival
• 36:18
  is
• 36:19
  success,
• 36:20
  starting
• 36:21
  is
• 36:21
  courage,
• 36:22
  and
• 36:22
  deciding
• 36:23
  together
• 36:24
  is
• 36:24
  love.
• 36:24
  And
• 36:25
  I
• 36:25
  just
• 36:25
  ask
• 36:25
  this
• 36:26
  in
• 36:26
  Jesus
• 36:27
  name.
• 36:28
  Amen,
• 36:29
  friend.
• 36:29
  Let
• 36:29
  me
• 36:29
  leave
• 36:30
  you
• 36:30
  with
• 36:30
  this.
• 36:31
  Your
• 36:31
  financial
• 36:32
  situation
• 36:32
  doesn't
• 36:33
  define
• 36:33
  your
• 36:33
  worth.
• 36:34
  It
• 36:35
  just
• 36:35
  doesn't.
• 36:36
  Your
• 36:36
  willingness
• 36:37
  to
• 36:37
  change,
• 36:37
  it
• 36:37
  does.
• 36:38
  So
• 36:39
  I
• 36:39
  will
• 36:39
  see
• 36:39
  you
• 36:40
  again
• 36:40
  next
• 36:40
  week.