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Transcript

The Faithful Money Framework: Step Into Financial Confidence · Becoming Financially Confident

0:46
Hey,
0:46
everybody,
0:47
and
0:47
welcome
0:47
to
0:47
the
0:47
very
0:48
first
0:48
episode
0:49
of
0:49
Financially
0:50
Confident
0:50
Christian
0:51
Live.
0:51
I'm
0:52
Ralph
0:52
Estepp
0:53
Jr.
0:53
And
0:53
I
0:53
am
0:53
so
0:54
glad
0:54
you're
0:54
here
0:54
today.
0:55
This
0:55
is
0:55
the
0:56
show
0:56
for
0:56
believers
0:56
who
0:57
want
0:57
to
0:57
grow
0:57
in
0:58
confidence
0:58
with
0:58
their
0:59
money
0:59
and
1:00
break
1:00
that
1:00
cycle
1:01
of
1:01
financial
1:01
shame
1:02
that
1:02
so
1:02
many
1:02
of
1:03
us
1:03
live
1:03
in
1:04
and
1:04
really
1:04
find
1:04
a
1:04
place
1:05
for
1:05
confidence.
1:06
Now,
1:06
this
1:06
is
1:07
a
1:07
show
1:07
that's
1:07
not
1:07
about
1:08
shame.
1:09
It's
1:09
not
1:09
about
1:09
pressure,
1:10
and
1:11
it's
1:11
not
1:11
about
1:11
pretending
1:12
anymore.
1:13
This
1:13
is
1:13
a
1:13
show
1:14
where
1:14
we're
1:14
going
1:14
to
1:14
have
1:14
real
1:14
conversations,
1:16
conversations
1:16
about
1:17
fear,
1:18
about
1:18
pressure.
1:19
We're
1:19
going
1:19
to
1:19
talk
1:20
about
1:20
things
1:20
like
1:20
debt
1:21
and
1:21
stewardship,
1:22
and
1:22
we're
1:23
going
1:23
to
1:23
talk
1:23
about
1:23
hope.
1:24
And
1:24
what
1:24
I'm
1:25
going
1:25
to
1:25
hope
1:25
to
1:25
leave
1:25
you
1:25
with
1:26
every
1:26
week
1:26
is
1:27
the
1:27
next
1:27
right
1:28
step.
1:28
So
1:29
if
1:29
you're
1:29
here
1:29
live,
1:29
I
1:29
just
1:30
want
1:30
to
1:30
say
1:30
thank
1:30
you
1:30
again
1:31
for
1:31
being
1:31
here
1:31
at
1:31
the
1:31
beginning.
1:32
And
1:32
if
1:32
you're
1:33
listening
1:33
quietly,
1:33
you
1:34
are
1:34
welcome
1:34
to
1:34
join
1:35
us,
1:35
too.
1:36
My
1:36
goal
1:36
here
1:36
is
1:37
to
1:37
make
1:37
everyone
1:37
feel
1:38
safe.
1:39
This
1:39
is
1:39
not
1:39
a
1:39
room
1:40
for
1:40
judgment.
1:41
No
1:41
question
1:41
here
1:42
is
1:42
too
1:42
basic,
1:43
no
1:43
stories
1:44
too
1:44
messy,
1:45
and
1:45
no
1:45
one
1:45
is
1:46
going
1:46
to
1:46
be
1:46
shamed
1:46
here.
1:47
This
1:47
is
1:48
a
1:48
place
1:48
for
1:48
honesty.
1:49
This
1:50
is
1:50
a
1:50
place
1:50
for
1:50
grace,
1:51
a
1:51
place
1:51
for
1:51
wisdom
1:52
and
1:52
a
1:52
place
1:52
for
1:53
growth.
1:54
Tell
1:54
me
1:54
right
1:55
now
1:55
you
1:55
don't
1:55
have
1:55
to
1:55
sound
1:56
polished.
1:56
You
1:57
certainly
1:57
don't
1:58
have
1:58
to
1:58
have
1:58
it
1:58
all
1:59
together,
1:59
because
1:59
I
1:59
don't
2:00
have
2:00
it
2:00
all
2:00
together.
2:01
You
2:01
just
2:01
have
2:02
to
2:02
be
2:02
willing
2:02
to
2:02
be
2:03
real.
2:03
Now,
2:04
if
2:04
you're
2:04
on
2:04
Clubhouse,
2:05
you
2:05
can
2:05
raise
2:05
your
2:05
hand
2:06
and
2:06
ask
2:06
your
2:06
question
2:07
live
2:07
or
2:07
you
2:07
can
2:08
drop
2:08
it
2:08
right
2:08
in
2:08
the
2:08
chat.
2:09
If
2:09
you're
2:09
joining
2:10
us
2:10
from
2:10
another
2:10
platform,
2:11
post
2:11
your
2:12
question
2:12
in
2:12
the
2:12
chat
2:13
right
2:13
here.
2:14
So
2:14
every
2:15
week
2:15
we're
2:15
going
2:15
to
2:15
help
2:16
you
2:16
solve
2:16
real
2:17
money
2:17
questions.
2:18
I'm
2:19
going
2:19
to
2:19
help
2:19
you
2:19
break
2:19
that
2:20
cycle
2:20
of
2:20
financial
2:20
shame.
2:21
And
2:21
I
2:21
want
2:21
to
2:21
talk
2:21
to
2:21
you
2:22
right
2:22
now
2:22
about
2:22
what
2:23
I've
2:23
developed
2:23
is
2:24
what
2:24
I
2:24
call
2:24
my
2:25
faithful
2:25
money
2:26
framework.
2:26
And
2:26
this
2:26
is
2:26
where
2:27
we're
2:27
going
2:27
to
2:27
sort
2:28
of
2:28
put
2:28
all
2:28
this
2:28
stuff
2:29
into
2:29
the
2:30
way
2:30
we
2:30
talk
2:30
about
2:30
it.
2:31
So
2:31
the
2:31
first
2:31
thing
2:31
in
2:32
that
2:32
framework,
2:32
and
2:32
you'll
2:33
be
2:33
hearing
2:33
this
2:33
as
2:34
we
2:34
work
2:34
through
2:34
the
2:34
questions
2:35
today.
2:35
The
2:36
first
2:36
part
2:36
of
2:36
that
2:36
money
2:37
framework
2:37
is
2:38
we've
2:38
got
2:38
to
2:38
face
2:39
reality.
2:40
We've
2:40
got
2:40
to
2:40
really
2:41
say
2:41
to
2:41
ourselves
2:41
what
2:42
is
2:42
really
2:42
going
2:42
on
2:43
here?
2:43
Because
2:43
you're
2:44
never
2:44
going
2:44
to
2:44
solve
2:44
a
2:45
financial
2:45
issue
2:45
if
2:46
you
2:46
don't
2:46
start
2:47
with
2:47
clarity.
2:48
The
2:48
second
2:48
thing
2:48
we're
2:49
going
2:49
to
2:49
do
2:49
is
2:49
we're
2:49
going
2:49
to
2:49
aim
2:50
to
2:50
see
2:50
clearly
2:51
what
2:52
does
2:52
better
2:52
look
2:53
like.
2:53
What
2:54
is
2:54
that
2:54
beautiful
2:55
thing,
2:55
that
2:55
vision
2:55
that
2:56
you
2:56
see
2:56
in
2:56
the
2:56
future?
2:57
The
2:57
third
2:57
thing
2:57
I'M
2:58
going
2:58
to
2:58
encourage
2:58
you
2:58
to
2:59
do
2:59
is
2:59
identify
3:00
timing
3:01
because
3:01
it's
3:01
so
3:01
important
3:02
that
3:02
you
3:02
understand
3:03
where
3:03
you
3:03
want
3:03
to
3:03
go.
3:03
But
3:04
you've
3:04
also
3:04
got
3:04
to
3:04
put
3:05
a
3:05
timeframe
3:05
into
3:06
that.
3:06
When
3:07
could
3:07
this
3:07
realistically
3:08
change?
3:09
If
3:09
you
3:09
want
3:09
to
3:10
really
3:10
see
3:10
lasting
3:11
change
3:11
and
3:12
dynamic
3:12
change
3:12
in
3:13
your
3:13
financial
3:13
life,
3:14
you
3:14
got
3:14
to
3:14
think
3:14
about
3:15
what
3:15
timing
3:15
that
3:15
is.
3:15
We
3:16
talk
3:16
about
3:16
in
3:16
the
3:16
Christian
3:17
faith,
3:17
what
3:17
season
3:17
you're
3:18
in.
3:18
The
3:19
fourth
3:19
thing
3:19
we're
3:19
going
3:19
to
3:19
talk
3:20
about
3:20
is
3:20
options.
3:21
And
3:21
I
3:22
think
3:22
options
3:22
is
3:22
where
3:23
we
3:23
can
3:23
spend
3:23
a
3:23
lot
3:24
of
3:24
time.
3:24
What
3:24
are
3:25
the
3:25
possible
3:25
ways
3:25
forward?
3:26
It's
3:27
so
3:27
easy
3:27
for
3:27
us
3:28
to
3:28
get
3:28
stuck
3:28
in
3:28
that
3:29
oh,
3:29
we've
3:29
always
3:29
done
3:30
it
3:30
this
3:30
way
3:30
mentality.
3:31
But
3:31
I'm
3:32
really
3:32
going
3:32
to
3:32
encourage
3:32
you
3:33
to
3:33
try
3:33
to
3:33
do
3:34
other
3:34
things
3:34
and
3:35
look
3:35
for
3:35
other
3:35
possible
3:36
ways
3:36
forward.
3:37
The
3:37
fifth
3:37
part
3:37
is
3:38
probably
3:38
the
3:38
most
3:38
important
3:39
part
3:40
and
3:40
that
3:40
is
3:40
how
3:41
do
3:41
we
3:41
build
3:41
a
3:41
plan?
3:42
What
3:42
are
3:42
we
3:42
actually
3:43
going
3:43
to
3:43
do
3:44
moving
3:44
forward?
3:45
The
3:45
sixth
3:45
part,
3:46
hey,
3:46
this
3:46
is
3:46
where
3:46
the
3:46
faith
3:47
comes
3:47
in.
3:47
We
3:48
bring
3:48
in
3:48
faith
3:48
and
3:49
terms
3:49
like
3:49
surrender.
3:50
What
3:50
do
3:51
we
3:51
need
3:51
to
3:51
bring
3:51
before
3:51
God?
3:52
Because
3:52
the
3:52
truth
3:52
is,
3:52
I
3:53
really
3:53
believe
3:53
this
3:53
with
3:53
all
3:54
my
3:54
heart.
3:55
Most
3:55
of
3:55
this
3:55
stuff
3:55
is
3:56
really
3:56
hard
3:56
to
3:56
do
3:56
on
3:57
your
3:57
own,
3:57
but
3:58
when
3:58
you
3:58
look
3:58
to
3:58
God
3:58
for
3:59
some
3:59
help,
3:59
it
3:59
really
3:59
makes
4:00
it
4:00
easier.
4:01
The
4:01
seventh
4:01
thing
4:01
I'm
4:02
going
4:02
to
4:02
encourage
4:02
you
4:02
to
4:03
do
4:03
is
4:03
understand
4:04
your
4:04
progress.
4:05
What
4:05
is
4:06
already
4:06
better
4:07
than
4:07
it
4:07
is
4:07
or
4:07
when
4:08
it
4:08
was
4:09
when
4:09
you
4:09
started.
4:09
Because
4:09
if
4:10
you
4:10
don't
4:10
understand
4:11
the
4:11
progress
4:12
that
4:12
you're
4:12
making,
4:13
it's
4:13
really
4:13
difficult
4:14
to
4:14
build
4:14
that
4:15
momentum.
4:15
And
4:16
last
4:16
but
4:16
not
4:16
least,
4:16
we
4:17
always
4:17
look
4:17
ahead.
4:18
What
4:18
is
4:19
the
4:19
next
4:19
step?
4:20
So
4:21
if
4:21
nobody
4:21
jumps
4:21
in
4:21
right
4:22
away,
4:22
I
4:22
just
4:22
want
4:22
to
4:22
thank
4:23
everybody
4:23
for
4:23
being
4:23
here
4:24
today.
4:25
Thank
4:25
you
4:25
for
4:25
joining
4:26
me
4:26
on
4:26
this
4:27
inaugural
4:27
episode.
4:28
And
4:29
what
4:29
I'd
4:29
like
4:29
to
4:29
do
4:29
right
4:30
now
4:30
is
4:30
I'd
4:30
like
4:30
to
4:31
jump
4:31
right
4:31
into
4:32
our
4:32
first
4:32
question
4:33
and
4:33
this
4:33
is
4:34
a
4:34
question
4:34
that
4:34
we
4:34
got
4:35
from
4:35
one
4:35
of
4:35
our
4:35
listeners.
4:36
Now
4:36
this
4:36
listener
4:37
writes
4:37
this
4:38
and
4:39
if
4:39
you're
4:39
interested
4:39
in
4:39
commenting,
4:40
you
4:40
can
4:40
put
4:40
comments
4:40
right
4:41
in
4:41
the
4:41
chat.
4:42
Abby,
4:42
my
4:43
producer
4:43
is
4:43
here
4:44
with
4:44
us
4:44
today
4:44
and
4:44
she's
4:45
going
4:45
to
4:45
help
4:45
me
4:45
navigate
4:45
the
4:46
15
4:46
screens
4:47
I
4:47
have
4:47
open.
4:47
Because
4:48
we've
4:48
got
4:48
platforms
4:49
like
4:49
Clubhouse
4:50
and
4:50
we've
4:50
got
4:51
YouTube
4:51
and
4:51
we've
4:52
got
4:52
chat
4:52
going
4:52
on.
4:53
So
4:53
bear
4:53
with
4:54
us
4:54
as
4:54
we
4:54
learn
4:54
all
4:55
this
4:55
technology
4:55
today.
4:56
But
4:56
there's
4:56
our
4:56
first
4:56
question
4:57
and
4:57
this
4:58
listener
4:58
wrote
4:59
this.
4:59
She
4:59
says,
4:59
I'm
4:59
a
4:59
31
5:00
year
5:00
old
5:00
female,
5:01
I
5:01
have
5:02
no
5:02
debt
5:02
and
5:02
my
5:03
bills
5:03
are
5:03
around
5:03
$900
5:04
a
5:04
month.
5:05
I
5:05
make
5:06
$12
5:06
an
5:06
hour
5:07
full
5:07
time
5:07
and
5:08
I
5:08
doordash
5:08
on
5:09
this
5:09
side.
5:09
I
5:10
only
5:10
started
5:12
my
5:12
401k
5:13
a
5:13
couple
5:13
years
5:13
ago.
5:14
I
5:14
feel
5:15
so
5:15
stupid.
5:16
Everyone
5:16
in
5:16
my
5:17
family
5:17
always
5:17
lived
5:18
paycheck
5:18
to
5:18
paycheck,
5:19
and
5:20
no
5:20
one
5:20
ever
5:20
bothered
5:21
to
5:21
talk
5:21
to
5:21
me
5:21
about
5:21
money.
5:22
I
5:23
have
5:23
$800
5:24
in
5:24
savings
5:24
and
5:25
I
5:25
feel
5:25
like
5:25
I'm
5:26
one
5:26
emergency
5:26
away
5:27
from
5:27
having
5:27
nothing.
5:28
I
5:28
suppose
5:29
I'm
5:29
just
5:30
venting.
5:31
Well,
5:31
first
5:31
of
5:31
all,
5:31
you're
5:32
not
5:32
venting.
5:32
And
5:33
I
5:33
really
5:33
appreciate
5:34
you
5:34
bringing
5:34
this
5:34
question
5:35
to
5:35
me
5:35
today
5:36
because
5:36
this
5:36
is
5:36
something
5:36
we
5:37
can
5:37
really
5:37
work
5:37
with
5:37
together.
5:39
I
5:39
always
5:39
want
5:39
to
5:40
start
5:40
with
5:40
scripture
5:41
because
5:41
one
5:41
of
5:41
the
5:41
things
5:41
that's
5:42
so
5:42
important
5:42
to
5:42
me
5:42
is
5:43
my
5:43
faith.
5:43
And
5:44
I
5:44
found
5:44
this
5:45
scripture
5:45
reference
5:45
that
5:46
I
5:46
think
5:46
kind
5:46
of
5:46
sets
5:46
the
5:47
stage.
5:47
And
5:47
it's
5:47
actually
5:47
from
5:48
Isaiah,
5:49
chapter
5:49
43,
5:50
verses
5:50
18
5:50
and
5:51
19.
5:51
It
5:51
says,
5:52
forget
5:52
the
5:52
former
5:53
things,
5:54
do
5:54
not
5:54
dwell
5:55
on
5:55
the
5:55
past.
5:56
See,
5:56
I'm
5:56
doing
5:57
a
5:57
new
5:57
thing
5:58
now.
5:58
It
5:58
springs
5:59
up.
6:00
Do
6:00
you
6:00
not
6:01
perceive
6:01
it?
6:02
I
6:02
am
6:03
making
6:03
a
6:03
way
6:03
in
6:04
the
6:04
wilderness
6:04
and
6:05
streams
6:05
in
6:05
the
6:06
wasteland.
6:06
Now,
6:07
the
6:07
reason
6:07
I
6:07
want
6:07
to
6:08
ground
6:08
us
6:08
in
6:08
scripture
6:09
is
6:09
because
6:09
it's
6:09
so
6:10
easy
6:10
to
6:10
get
6:10
stuck
6:11
in
6:11
our
6:11
own
6:11
heads.
6:12
We
6:12
tell
6:12
ourselves
6:13
things
6:13
like,
6:13
well,
6:14
I'll
6:14
never
6:14
be
6:14
good
6:14
with
6:15
money,
6:15
I'm
6:16
behind,
6:16
and
6:16
all
6:17
that
6:17
sort
6:17
of
6:17
thing.
6:17
So
6:17
I
6:18
think
6:18
if
6:18
we
6:18
center
6:18
ourselves
6:19
and
6:19
in
6:19
a
6:20
place
6:20
of
6:20
faith,
6:20
first
6:21
it
6:21
helps
6:21
us,
6:22
but
6:22
now
6:22
I
6:22
want
6:22
to
6:22
apply
6:23
that
6:23
framework.
6:24
As
6:24
I
6:24
mentioned
6:25
earlier,
6:25
we
6:25
got
6:26
to
6:26
face
6:26
reality
6:27
first.
6:28
The
6:28
reality
6:28
here.
6:29
And
6:29
actually,
6:29
when
6:30
I
6:30
read
6:30
this,
6:30
I
6:30
thought,
6:30
I'm
6:31
not
6:31
sure
6:31
where
6:31
this
6:31
person
6:31
lives
6:32
because
6:32
$12
6:33
an
6:33
hour,
6:33
I'm
6:33
not
6:33
sure
6:34
too
6:34
many
6:35
places
6:35
that
6:35
are
6:35
still
6:36
paying
6:36
$12
6:36
an
6:37
hour.
6:37
But
6:37
we
6:38
have
6:38
to
6:38
come
6:38
to
6:38
some
6:39
reality
6:39
here.
6:40
The
6:40
real
6:40
issue
6:41
is
6:41
not
6:41
just
6:42
low
6:42
income.
6:42
I
6:42
think
6:43
that's
6:43
part
6:43
of
6:43
it.
6:44
But
6:44
what
6:44
I
6:44
hear
6:45
you
6:45
saying
6:45
in
6:46
your
6:46
question,
6:47
it's
6:47
not
6:47
only
6:48
low
6:48
income,
6:48
but
6:49
you've
6:49
got
6:49
this
6:49
feeling
6:50
of
6:50
shame.
6:51
You
6:51
mentioned
6:51
in
6:51
your
6:52
question
6:52
that
6:53
you
6:53
feel
6:53
like
6:53
you
6:53
weren't
6:54
given
6:54
any
6:54
tools
6:55
when
6:55
you
6:55
were
6:55
brought
6:56
up.
6:56
You
6:56
feel
6:56
like
6:57
you're
6:57
behind
6:57
everybody
6:58
else.
6:58
I
6:59
gotta
6:59
be
6:59
honest
6:59
with
6:59
you,
7:00
at
7:00
31
7:00
years
7:00
old,
7:01
I
7:01
think
7:01
you're
7:01
actually
7:02
doing
7:02
pretty
7:02
well.
7:03
You've
7:03
got
7:03
new
7:04
debt,
7:04
you've
7:05
got
7:05
a
7:05
little
7:05
bit
7:05
of
7:06
money
7:06
that's
7:07
going
7:07
out
7:07
every
7:07
month.
7:08
I
7:08
think
7:08
there's
7:08
some
7:08
room
7:09
for
7:09
improvement,
7:09
which
7:09
we
7:09
can
7:09
talk
7:10
about.
7:10
But
7:10
listen,
7:10
even
7:11
the
7:11
fact
7:11
that
7:12
you're
7:12
putting
7:12
money
7:12
into
7:13
your
7:13
401k
7:15
speaks
7:15
volumes.
7:16
I
7:16
work
7:17
with.
7:17
I've
7:17
been
7:17
doing
7:17
accounting
7:18
work
7:18
for
7:18
30
7:18
years.
7:19
I
7:19
say
7:19
to
7:19
people,
7:19
I've
7:19
been
7:20
doing
7:20
it
7:20
since
7:20
I
7:20
was
7:20
8
7:20
years
7:21
old.
7:21
So
7:21
not
7:21
quite
7:21
that
7:22
made
7:22
me
7:22
a
7:22
little
7:22
bit
7:22
older
7:23
than
7:23
that.
7:23
But
7:23
I've
7:24
been
7:24
doing
7:24
it
7:24
myself
7:24
in
7:25
my
7:25
own
7:25
firm
7:25
for
7:25
30
7:26
years.
7:27
A
7:27
lot
7:27
of
7:27
people
7:27
that
7:28
I
7:28
see
7:28
never
7:28
contribute
7:29
to
7:29
the
7:29
401k
7:30
at
7:30
all.
7:30
So
7:31
don't
7:31
feel
7:31
stupid.
7:32
And
7:32
one
7:32
of
7:32
the
7:32
things
7:33
you
7:33
mention
7:33
here
7:34
is
7:34
that
7:34
no
7:34
one
7:35
ever
7:35
taught
7:35
you
7:35
this
7:36
stuff.
7:36
And
7:37
that's
7:37
one
7:37
of
7:37
the
7:37
biggest
7:37
problems
7:38
I
7:38
think
7:38
we
7:38
have.
7:38
But
7:39
let's
7:39
face
7:39
the
7:39
reality.
7:40
So
7:40
the
7:40
reality
7:41
is
7:41
you've
7:42
got
7:42
low
7:42
income
7:42
and
7:43
you
7:43
feel
7:43
shameful
7:44
about
7:44
that.
7:44
But
7:45
now
7:45
let's
7:45
talk
7:45
about
7:45
our
7:46
aim.
7:46
What
7:46
I
7:46
said
7:46
it
7:47
in
7:47
my
7:47
framework
7:47
is
7:48
to
7:48
aim
7:48
clearly,
7:49
to
7:50
aim
7:50
clearly.
7:50
The
7:51
goal
7:51
here
7:51
is
7:51
not
7:52
wealth
7:52
first.
7:53
Honestly,
7:54
I
7:54
think
7:54
your
7:54
first
7:55
goal
7:55
needs
7:55
to
7:55
be
7:55
to
7:56
build
7:56
stability.
7:57
I
7:57
think
7:57
that's
7:57
really
7:58
what
7:58
we
7:58
need
7:58
to
7:58
work
7:58
on
7:59
first.
7:59
So
8:00
you
8:00
face
8:00
the
8:00
reality.
8:01
Here's
8:01
the
8:01
truth
8:01
on
8:02
the
8:02
ground,
8:02
here's
8:02
what
8:02
you've
8:03
done,
8:03
here's
8:03
what
8:03
you
8:03
haven't
8:04
done.
8:04
But
8:04
now
8:04
we
8:05
got
8:05
to
8:05
talk
8:05
about
8:05
what
8:06
do
8:06
we
8:06
get
8:06
to.
8:07
And
8:07
in
8:07
my
8:07
professional
8:08
and
8:08
personal
8:08
view,
8:09
I
8:09
think
8:09
the
8:09
goal
8:09
was
8:10
to
8:10
build
8:10
stability
8:11
first.
8:11
Now,
8:12
because
8:12
we're
8:12
talking
8:12
about
8:12
building
8:13
stability,
8:14
I
8:14
think
8:14
as
8:15
we
8:15
identify
8:16
a
8:16
timing,
8:16
if
8:17
we
8:17
say,
8:17
hey,
8:17
let's
8:18
do
8:18
this
8:18
over
8:18
90
8:19
days,
8:20
I
8:20
don't
8:20
think
8:20
we're
8:21
looking
8:21
at
8:21
10
8:21
years
8:21
down
8:21
the
8:22
road.
8:22
We're
8:22
not
8:22
even
8:22
looking
8:22
at
8:23
a
8:23
year
8:23
or
8:23
five
8:23
years
8:23
down
8:24
the
8:24
road
8:24
right
8:24
now.
8:25
We're
8:25
looking
8:25
at
8:25
this
8:26
90
8:26
day
8:27
problem.
8:27
It's
8:28
clear
8:28
to
8:28
me
8:28
that
8:29
you're
8:29
worried
8:29
about
8:29
not
8:29
having
8:30
an
8:30
emergency
8:30
fund.
8:31
You
8:31
don't
8:31
have
8:31
any
8:32
fallback
8:32
to
8:32
go
8:33
to.
8:33
So
8:33
right
8:33
now
8:34
you're
8:34
wondering,
8:34
what
8:34
am
8:35
I
8:35
going
8:35
to
8:35
do
8:35
here?
8:35
So
8:36
let's
8:36
identify
8:36
this
8:37
and
8:37
let's
8:37
really
8:38
talk
8:38
about
8:38
building
8:38
a
8:39
90
8:39
day
8:40
plan.
8:40
But
8:41
now
8:41
we
8:41
get
8:41
into
8:41
the
8:41
brainstorming
8:42
part.
8:43
This
8:43
is
8:43
where
8:43
I
8:43
can
8:44
really
8:44
help
8:44
you,
8:45
what
8:45
I
8:45
call
8:45
think
8:46
of
8:46
options.
8:47
You've
8:47
already
8:47
mentioned
8:48
one
8:48
of
8:48
them.
8:48
You
8:49
said
8:49
you're
8:49
going
8:49
to
8:49
keep
8:49
the
8:49
side
8:50
income.
8:50
I
8:50
think
8:50
that's
8:50
a
8:51
great
8:51
idea.
8:52
Doing
8:52
doordash.
8:53
Now,
8:53
listen,
8:53
I
8:53
got
8:53
to
8:53
be
8:54
honest
8:54
with
8:54
you.
8:54
A
8:54
lot
8:54
of
8:55
clients
8:55
I've
8:55
worked
8:55
with
8:55
doordash,
8:57
I'm
8:57
not
8:57
sure
8:57
it's
8:58
that
8:58
profitable.
8:58
It
8:59
depends
8:59
on
8:59
where
8:59
you
9:00
are.
9:00
It
9:00
depends.
9:01
If
9:01
you're
9:01
in
9:01
a
9:01
big
9:02
city,
9:02
that
9:02
might
9:02
be
9:02
a
9:03
great
9:03
thing.
9:03
But
9:03
if
9:03
you're
9:03
spending
9:04
a
9:04
lot
9:04
of
9:04
money
9:04
on
9:05
mileage,
9:05
if
9:05
you're
9:06
spending
9:06
a
9:06
lot
9:06
of
9:06
money
9:06
on
9:06
fuel
9:07
and
9:07
maintenance
9:07
for
9:07
your
9:07
car,
9:08
that
9:08
might
9:09
not
9:09
be
9:09
a
9:09
great
9:09
idea.
9:10
But
9:10
at
9:10
the
9:10
time
9:10
being,
9:11
I
9:11
think
9:11
I
9:11
would
9:12
keep
9:12
the
9:12
side
9:12
work.
9:13
The
9:13
other
9:13
thing
9:13
you
9:13
could
9:14
do
9:14
is
9:14
look
9:14
for
9:14
better
9:15
paying
9:15
work.
9:16
Like
9:16
I
9:16
said,
9:16
when
9:16
I
9:17
saw
9:17
$12
9:17
an
9:18
hour.
9:18
I
9:18
got
9:18
to
9:18
be
9:19
honest,
9:19
I
9:19
was
9:19
kind
9:19
of
9:19
taken
9:20
back
9:20
by
9:20
that.
9:21
I
9:21
believe
9:21
there
9:22
are
9:22
probably
9:22
some
9:22
better
9:23
options.
9:24
Another
9:24
thing
9:24
you
9:24
might
9:25
want
9:25
to
9:25
consider,
9:25
and
9:25
you
9:26
didn't
9:26
mention
9:26
this
9:26
in
9:26
your
9:27
question,
9:27
so
9:27
I'm
9:27
sort
9:27
of
9:28
digging
9:28
around
9:28
here,
9:29
but
9:29
you
9:29
might
9:30
want
9:30
to
9:30
think
9:30
about
9:30
looking
9:30
at
9:31
some
9:31
training.
9:32
Maybe
9:32
there's
9:32
a
9:32
trade
9:33
that
9:33
you
9:33
can
9:33
get
9:33
into
9:34
a
9:34
certification
9:35
program
9:35
or
9:36
maybe
9:36
some
9:36
remote
9:37
work.
9:37
So
9:37
as
9:37
you're
9:38
thinking
9:38
about
9:38
those
9:38
options,
9:40
I
9:40
think
9:40
keeping
9:40
the
9:40
side
9:41
income
9:41
is
9:41
a
9:41
great
9:41
idea,
9:42
but
9:42
look
9:42
for
9:42
other
9:43
ways
9:43
to
9:43
build
9:43
that
9:44
out.
9:44
So
9:44
now
9:44
we've
9:44
thought
9:45
about
9:45
where
9:46
we
9:46
are,
9:46
we've
9:46
talked
9:47
about
9:47
a
9:47
timeframe,
9:48
we've
9:48
talked
9:49
about
9:49
what
9:49
that
9:49
timeframe
9:50
looks
9:50
like,
9:50
we've
9:51
identified
9:51
the
9:51
options.
9:52
Now
9:52
it's
9:52
time
9:53
to
9:53
really
9:53
put
9:53
this
9:53
to
9:53
work
9:54
and
9:54
that's
9:54
to
9:55
build
9:55
a
9:55
plan.
9:55
The
9:56
first
9:56
thing
9:56
you've
9:57
got
9:57
to
9:57
do
9:57
is
9:58
you've
9:58
got
9:58
to
9:58
update
9:59
your
9:59
resume
10:00
and
10:00
start
10:01
looking
10:01
for
10:01
better
10:02
paying
10:02
roles.
10:03
Now
10:03
you
10:03
might
10:03
find
10:04
that
10:04
you're
10:04
not
10:05
getting
10:05
those
10:05
better
10:05
paying
10:06
roles.
10:06
You
10:06
haven't
10:07
mentioned
10:07
education,
10:08
you
10:08
haven't
10:08
mentioned
10:08
any
10:09
of
10:09
those
10:09
things.
10:10
I
10:10
don't
10:10
know
10:10
what
10:10
your
10:10
situation
10:11
is,
10:11
but
10:12
this
10:12
may
10:12
be
10:12
a
10:12
time
10:13
to
10:13
really
10:13
reevaluate
10:14
where
10:15
you
10:15
are
10:15
with
10:15
your
10:15
education
10:16
or
10:16
certifications.
10:18
One
10:18
of
10:18
the
10:18
things
10:18
that
10:18
I
10:19
will
10:19
tell
10:19
you
10:19
in
10:19
my
10:19
practice,
10:20
a
10:20
lot
10:20
of
10:20
my
10:20
clients
10:21
are
10:21
in
10:21
the
10:22
trades
10:22
like
10:22
plumbing,
10:23
H
10:23
vac,
10:24
electrical.
10:25
They
10:25
are
10:26
dying
10:26
for
10:26
people
10:26
to
10:27
work
10:27
in
10:27
those
10:27
trades.
10:28
They
10:28
there
10:28
are
10:28
great
10:29
options
10:29
out
10:30
there.
10:30
But
10:31
I
10:31
think
10:31
at
10:31
the
10:31
same
10:32
time
10:32
you're
10:32
doing
10:32
that,
10:33
I
10:33
think
10:33
you've
10:33
got
10:33
to
10:34
have
10:34
a
10:34
plan
10:34
to
10:34
build
10:34
a
10:35
safety
10:35
cushion.
10:36
You
10:36
hear
10:36
a
10:36
lot
10:36
of
10:36
people
10:37
talk
10:37
about
10:37
that
10:38
emergency
10:38
fund
10:39
and
10:39
a
10:39
lot
10:39
of
10:39
people
10:39
are
10:39
scared
10:40
off
10:40
by
10:40
the
10:40
emergency
10:41
fund
10:41
because
10:41
they
10:41
hear,
10:42
well,
10:42
you
10:42
need
10:42
three
10:43
to
10:43
six
10:43
months
10:43
worth
10:43
of
10:44
income.
10:44
I
10:45
think
10:45
that's
10:45
a
10:45
great
10:45
thing
10:45
to
10:46
get
10:46
to
10:46
eventually.
10:47
But
10:47
I
10:47
don't
10:47
think
10:48
that's
10:48
where
10:48
you
10:48
need
10:48
to
10:48
be
10:49
right
10:49
now.
10:49
I
10:50
would
10:50
say
10:50
let's
10:51
build
10:51
a
10:51
90
10:52
day
10:52
cushion.
10:53
Now
10:53
let's
10:53
get
10:53
to
10:54
the
10:54
faith
10:54
and
10:54
surrender
10:54
part
10:55
because
10:56
here's
10:56
the
10:56
thing,
10:56
I
10:56
want
10:56
you
10:57
to
10:57
really
10:57
change
10:57
the
10:57
dynamic.
10:59
God
10:59
can
10:59
really
11:00
change
11:00
your
11:00
life
11:00
here.
11:01
You
11:01
haven't
11:02
started
11:02
that
11:02
late
11:02
at
11:03
31.
11:03
Honestly,
11:04
you
11:04
haven't
11:04
started
11:04
that
11:04
late.
11:05
I'm
11:05
going
11:05
to
11:05
be
11:05
able
11:05
to
11:06
give
11:06
you
11:06
a
11:06
simple
11:06
confession
11:07
here.
11:08
I
11:08
didn't
11:09
start
11:09
my
11:09
actual
11:10
retirement
11:10
planning
11:11
till
11:11
about
11:11
five
11:12
years
11:12
ago.
11:13
Now
11:13
I'm
11:13
53
11:14
right
11:14
now.
11:14
So
11:14
that
11:14
means
11:15
I
11:15
started
11:15
when
11:15
I
11:15
was
11:16
48
11:16
years
11:16
old.
11:17
So
11:17
it's
11:18
never
11:18
too
11:18
late
11:18
to
11:18
get
11:19
started.
11:19
Would
11:19
it
11:19
have
11:19
been
11:19
better
11:20
if
11:20
I
11:20
started
11:20
sooner?
11:21
Absolutely.
11:22
You're
11:22
at
11:22
31
11:23
and
11:23
you're
11:24
already
11:24
putting
11:24
money
11:25
into
11:25
your
11:25
retirement.
11:26
Don't
11:26
compare
11:26
yourself
11:27
to
11:27
other
11:27
people.
11:28
A
11:28
lot
11:29
of
11:29
us
11:29
get
11:29
stuck
11:29
in
11:29
that
11:30
trap.
11:30
That's
11:31
their
11:31
race.
11:32
You're
11:32
running
11:32
your
11:33
own
11:33
race.
11:34
So
11:35
right
11:35
now
11:35
I
11:35
want
11:35
to
11:35
go
11:36
ahead
11:36
and
11:36
allow.
11:37
There
11:37
was
11:37
a
11:38
comment
11:39
that
11:39
Junaid
11:40
had
11:40
made.
11:40
Junaid
11:41
said,
11:41
good
11:41
day,
11:41
friends.
11:41
Junaid,
11:42
thank
11:42
you
11:42
so
11:42
much
11:42
for
11:43
sharing.
11:44
And
11:44
Jonathan
11:44
Howard
11:45
actually
11:45
put
11:45
in
11:45
our
11:46
clubhouse
11:46
chat
11:46
that
11:47
a
11:47
and
11:47
has
11:47
a
11:48
savings.
11:48
Yeah,
11:48
absolutely.
11:49
Jonathan,
11:49
you're
11:49
absolutely
11:49
right
11:50
about
11:50
that.
11:50
That
11:50
is
11:51
a
11:51
huge
11:52
thing.
11:52
So
11:53
don't
11:53
undersell
11:54
yourself.
11:54
Which
11:55
is
11:55
why
11:55
I
11:55
get
11:55
to
11:55
the
11:56
next
11:56
state
11:56
of
11:56
my
11:56
framework.
11:57
And
11:57
that
11:57
is
11:57
understand
11:58
progress.
11:59
The
11:59
fact
12:00
that
12:00
you
12:00
have
12:00
no
12:00
debt
12:01
is
12:01
amazing.
12:03
That
12:03
is
12:03
progress.
12:04
The
12:05
fact
12:05
that
12:05
you
12:05
have
12:06
a
12:06
job
12:06
and
12:06
you're
12:07
working,
12:08
that's
12:08
progress.
12:09
The
12:10
fact
12:10
that
12:10
you're
12:10
contributing
12:11
to
12:11
a
12:11
401k
12:12
plan,
12:13
that's
12:14
progress.
12:15
So
12:15
don't
12:15
undersell
12:16
where
12:16
you
12:16
are.
12:17
But
12:18
now
12:18
I
12:18
think
12:18
it's
12:18
time
12:18
to
12:19
look
12:19
ahead.
12:19
I
12:19
think
12:19
you
12:20
honestly
12:20
need
12:20
to
12:20
look
12:20
ahead.
12:21
What
12:21
is
12:21
that
12:21
next
12:22
simple
12:22
step
12:22
that
12:23
you
12:23
can
12:23
take?
12:23
As
12:24
we
12:24
talked
12:24
about,
12:24
do
12:25
you
12:25
build
12:25
your
12:25
resume?
12:26
Do
12:26
you
12:26
look
12:26
for
12:27
certifications?
12:28
Do
12:28
you
12:28
look
12:28
for
12:29
a
12:29
better
12:29
job?
12:29
Do
12:30
you
12:30
look
12:30
for
12:30
some
12:30
other
12:30
opportunities?
12:31
Because
12:31
one
12:31
of
12:31
the
12:31
big
12:32
things
12:32
I
12:32
would
12:32
say
12:32
right
12:32
now,
12:33
you
12:33
know,
12:33
looking
12:34
at
12:34
it
12:34
from
12:34
the
12:34
outside,
12:34
is
12:35
you've
12:35
got
12:35
to
12:35
figure
12:35
out
12:35
a
12:35
way
12:36
to
12:36
raise
12:36
your
12:36
income.
12:37
I
12:37
think
12:37
that's
12:38
definitely
12:38
something
12:38
you
12:39
need
12:39
to
12:39
do
12:39
and
12:40
at
12:40
the
12:40
same
12:40
time,
12:40
build
12:41
that
12:41
emergency
12:42
cushion.
12:43
So
12:43
that's
12:43
the
12:43
framework.
12:44
I
12:44
want
12:45
to
12:45
offer
12:45
this
12:45
to
12:45
the
12:46
chat.
12:46
If
12:46
that
12:46
question
12:46
sounds
12:47
like
12:47
a
12:47
story
12:47
you're
12:48
going
12:48
through,
12:48
maybe
12:49
you've
12:49
been
12:49
in
12:49
this
12:50
same
12:50
position.
12:51
I
12:51
feel.
12:51
I
12:51
almost
12:52
feel
12:52
sad
12:52
for
12:52
younger
12:53
people
12:53
right
12:53
now.
12:54
I
12:54
was
12:54
talking
12:54
with
12:54
a
12:55
client
12:55
yesterday
12:55
about
12:55
the
12:56
affordability
12:56
for
12:57
things.
12:57
It
12:58
is
12:58
really
12:58
hard
12:59
to
12:59
afford
12:59
a
12:59
house
13:00
today.
13:00
It's.
13:01
The
13:01
rents
13:01
are
13:02
high.
13:03
So
13:03
right
13:03
now
13:03
in
13:03
the
13:04
chat,
13:04
if
13:04
you're
13:04
feeling
13:05
the
13:05
same
13:05
feeling,
13:06
tell
13:06
me,
13:06
put
13:06
the
13:07
word
13:07
in
13:07
the
13:07
chat.
13:07
Like,
13:08
maybe
13:08
you
13:08
feel
13:08
pressure
13:09
or
13:09
you
13:09
feel
13:10
hope
13:10
or
13:10
you
13:11
feel
13:11
tired
13:11
or
13:12
maybe
13:12
you
13:12
feel
13:13
ready.
13:13
I
13:13
would
13:13
love
13:13
to
13:14
hear
13:14
what
13:14
other
13:15
people
13:15
are
13:15
feeling
13:16
here
13:16
in
13:16
the
13:17
chat
13:17
because
13:17
this
13:17
question,
13:18
I
13:18
think
13:18
resonates
13:19
with
13:19
a
13:19
lot
13:19
of
13:19
people.
13:19
I
13:19
know
13:20
it
13:20
resonates
13:20
with
13:20
me.
13:21
And
13:21
to
13:21
be
13:22
very
13:22
candid
13:22
with
13:22
you,
13:22
and
13:23
I'll
13:23
share
13:23
a
13:23
little
13:23
bit
13:23
too
13:23
much
13:24
again.
13:24
When
13:25
I
13:25
was
13:25
31
13:25
years
13:25
old,
13:26
I
13:26
was
13:26
not
13:26
debt
13:27
free.
13:28
I
13:28
had
13:28
debt
13:29
because
13:29
I
13:29
had
13:29
decided,
13:30
hey,
13:30
I'm
13:30
going
13:30
to
13:30
go
13:30
get
13:31
everything
13:31
I
13:31
want
13:31
and
13:31
just
13:32
charge
13:32
it
13:32
up
13:32
on
13:32
their
13:33
credit
13:33
cards.
13:34
So
13:34
I
13:34
really
13:34
want
13:35
to
13:35
Commend
13:35
you.
13:35
Because
13:36
sometimes
13:36
I
13:36
think
13:37
what
13:37
we're
13:37
really
13:37
talking
13:37
about
13:38
here
13:39
is
13:39
that
13:39
fear
13:39
of
13:40
being
13:40
behind.
13:41
And
13:41
that's
13:41
what
13:41
I
13:42
really
13:42
hear
13:42
in
13:42
this
13:42
question.
13:43
You're
13:43
comparing
13:44
yourself
13:44
to
13:44
other
13:45
people.
13:45
You've
13:46
got
13:46
this
13:46
fear
13:46
like
13:46
you're
13:47
behind
13:47
everybody
13:48
else.
13:49
But
13:49
the
13:49
thing
13:49
is,
13:49
you
13:50
need
13:50
to
13:50
understand
13:51
where
13:52
you're
13:52
at
13:52
and
13:52
really
13:53
take
13:53
a
13:53
strong
13:53
assessment
13:54
of
13:54
where
13:54
you
13:54
really
13:55
are.
13:55
And
13:55
you're
13:55
doing
13:55
a
13:56
lot
13:56
better
13:56
than
13:57
I
13:57
think
13:57
you're
13:57
giving
13:57
yourself
13:58
credit
13:58
for.
13:59
But
14:00
let's
14:00
move
14:00
on
14:00
to
14:01
our
14:01
second
14:01
question.
14:02
This
14:02
one
14:02
was
14:03
a
14:03
doozy.
14:04
Wait
14:04
till
14:04
you
14:04
hear
14:04
this
14:04
one.
14:05
So
14:05
this
14:05
listener
14:06
wrote,
14:06
ralph,
14:07
I
14:07
logged
14:07
into
14:08
an
14:08
old
14:08
401k
14:09
plan
14:09
from
14:09
a
14:10
previous
14:10
employer,
14:11
and
14:11
I
14:11
found
14:12
the
14:12
balance
14:12
is
14:13
zero.
14:14
I'll
14:14
tell
14:14
you
14:14
what,
14:14
I
14:14
would
14:14
have
14:15
been
14:15
shocked
14:15
if
14:15
I
14:15
saw
14:16
that.
14:16
So
14:17
they
14:17
go
14:17
on
14:17
and
14:17
they
14:17
say
14:17
the
14:18
funds
14:18
had
14:18
been
14:18
converted.
14:19
And
14:19
that's
14:19
what
14:19
they
14:19
put
14:20
in
14:20
quotation
14:20
marks.
14:20
We're
14:21
going
14:21
to
14:21
talk
14:21
about
14:21
what
14:21
converted
14:22
looks
14:22
like
14:22
here
14:22
in
14:22
a
14:22
second.
14:23
They
14:23
say
14:24
to
14:24
me,
14:24
they
14:24
were
14:24
given
14:24
no
14:25
notice.
14:25
They
14:25
called
14:25
adp.
14:26
So
14:26
ADP
14:27
must
14:27
have
14:27
been
14:27
who
14:27
their
14:28
payroll
14:28
provider
14:28
was.
14:29
And
14:29
they
14:29
told
14:29
me
14:30
it
14:30
went
14:30
to
14:30
Fidelity.
14:31
So
14:31
we
14:31
got
14:31
one
14:31
of
14:31
these
14:32
going
14:32
on.
14:32
This
14:32
one
14:32
went
14:33
this
14:33
way,
14:33
this
14:33
one
14:33
went
14:34
that
14:34
way.
14:35
So
14:35
I
14:35
reached
14:35
out
14:35
and
14:35
I
14:35
called
14:36
Fidelity,
14:36
and
14:36
Fidelity
14:37
has
14:37
no
14:37
record
14:37
of
14:37
it.
14:38
Then
14:38
they
14:38
say
14:39
to
14:39
me,
14:39
what's
14:39
going
14:39
on?
14:40
Is
14:40
this
14:40
even
14:41
legal?
14:41
That's
14:42
a
14:42
whole
14:42
other
14:42
discussion.
14:43
I'm
14:43
not
14:43
an
14:43
attorney.
14:44
I
14:44
don't
14:44
play
14:44
one
14:44
on
14:45
tv.
14:45
But
14:45
we
14:46
could
14:46
talk
14:46
about
14:46
that
14:46
here
14:46
in
14:47
a
14:47
second,
14:47
too.
14:48
But
14:48
how
14:48
did
14:48
this
14:48
happen
14:49
with
14:49
no
14:49
notice
14:50
to
14:50
me
14:50
whatsoever?
14:52
This
14:53
was,
14:53
like
14:53
I
14:53
said
14:53
when
14:54
I
14:54
got
14:54
this
14:54
question,
14:54
I'm
14:55
thinking,
14:55
there
14:55
are
14:55
a
14:56
lot
14:56
of
14:56
people
14:56
that
14:56
don't
14:56
think
14:57
about
14:57
this.
14:58
How
14:58
many
14:58
of
14:58
us
14:58
have
14:59
had
14:59
jobs?
14:59
And
14:59
maybe
15:00
we
15:00
started
15:00
putting
15:00
money
15:00
into
15:01
a
15:01
401k
15:02
and.
15:02
And
15:02
either
15:03
we
15:03
got
15:03
downsized
15:04
or
15:04
we
15:04
quit,
15:04
went
15:05
to
15:05
another
15:05
job,
15:05
and
15:05
we
15:06
didn't
15:06
think
15:06
about,
15:06
you
15:07
know
15:07
what?
15:07
I've
15:07
got
15:07
some
15:07
money
15:08
sitting
15:08
out
15:08
there,
15:08
and
15:08
we
15:08
just,
15:09
oh,
15:09
well,
15:09
it'll
15:09
be
15:09
okay.
15:10
We'll
15:10
just
15:10
let
15:10
it
15:10
sit
15:11
on
15:11
the
15:11
sidelines.
15:12
And
15:12
if
15:12
you
15:12
don't
15:13
think
15:13
about
15:13
actively
15:14
managing
15:14
that,
15:14
this
15:15
is
15:15
the
15:15
kind
15:15
of
15:15
stuff
15:15
that
15:16
happens.
15:16
Now,
15:17
I
15:17
want
15:17
to
15:17
get
15:17
into
15:17
the
15:17
scripture,
15:18
and
15:18
I
15:18
found
15:19
this
15:19
one
15:19
in
15:19
the
15:19
Book
15:20
of
15:20
Proverbs,
15:21
chapter
15:21
27,
15:22
verse
15:23
23.
15:23
And
15:23
it
15:23
says,
15:24
and
15:24
this
15:24
one
15:24
hits
15:24
home
15:25
for
15:25
me.
15:25
They
15:25
use
15:26
it.
15:26
Those
15:26
of
15:26
you
15:27
that
15:27
don't
15:27
know
15:27
me,
15:27
well,
15:27
I
15:28
actually
15:28
raise
15:28
Black
15:29
Angus
15:29
cows
15:29
here
15:30
on
15:30
my
15:30
farm.
15:31
And
15:31
this
15:31
one's
15:31
talking
15:32
about,
15:32
again,
15:32
Proverbs
15:33
27.
15:33
23,
15:34
it
15:34
says,
15:34
Be
15:35
sure
15:35
to
15:35
know
15:35
the
15:35
condition
15:36
of
15:36
your
15:36
flocks.
15:37
Give
15:37
careful
15:38
attention
15:38
to
15:39
your
15:39
herds.
15:39
Well,
15:40
I'll
15:40
tell
15:40
you,
15:40
my
15:40
herd
15:41
right
15:41
now,
15:41
I
15:41
can
15:41
look
15:41
out
15:41
the
15:42
window
15:42
here.
15:42
There's
15:42
a
15:42
couple
15:42
of
15:43
them
15:43
sitting
15:43
out
15:43
there
15:43
right
15:43
now.
15:44
But
15:44
I've
15:44
got
15:44
to
15:44
pay
15:44
attention
15:45
to
15:45
them.
15:46
You've
15:46
got
15:46
to
15:46
do
15:46
the
15:47
same
15:47
thing
15:47
with
15:47
your
15:48
money.
15:48
Well,
15:49
let's
15:49
get
15:49
into
15:49
my
15:49
framework.
15:50
First
15:50
thing
15:51
we're
15:51
going
15:51
to
15:51
do,
15:51
like
15:51
I
15:51
said
15:52
earlier,
15:52
we're
15:52
going
15:52
to
15:52
face
15:53
the
15:53
reality.
15:54
The
15:54
reality
15:54
here
15:55
is
15:55
you're
15:55
scared.
15:56
You
15:56
logged
15:57
into
15:57
your
15:57
account
15:58
and
15:58
you
15:58
saw
15:59
zero.
16:00
And
16:00
listen,
16:01
seeing
16:01
zero
16:02
would
16:02
shake
16:03
anybody.
16:03
If
16:04
I
16:04
logged
16:04
into
16:04
my
16:05
bank
16:05
app
16:05
right
16:05
now
16:05
and
16:06
all
16:06
of
16:06
a
16:06
sudden
16:06
I
16:06
saw
16:07
zero,
16:07
I'd
16:08
be
16:08
freaking
16:08
out.
16:08
So
16:09
I
16:09
get
16:09
it.
16:10
So
16:10
the
16:10
reality
16:10
here
16:11
is
16:11
that
16:11
you
16:11
see
16:12
there's
16:12
an
16:12
issue.
16:13
But
16:13
let's
16:14
talk
16:14
about
16:14
aiming.
16:14
We
16:15
said
16:15
the
16:15
second
16:15
step
16:15
that
16:16
is
16:16
always
16:16
to
16:16
aim.
16:17
Clearly,
16:18
I
16:18
want
16:18
to
16:18
say
16:18
to
16:19
this
16:19
to
16:19
you
16:19
and
16:19
I
16:19
want
16:19
to
16:19
say
16:20
this
16:20
gently,
16:20
the
16:21
goal
16:21
is
16:21
not
16:22
to
16:22
panic.
16:23
Your
16:23
first
16:23
initial
16:23
instinct
16:24
in
16:24
your
16:24
flesh
16:25
as
16:25
a
16:25
human
16:25
being
16:25
is
16:26
this
16:26
is
16:26
terrible.
16:27
I
16:27
got
16:27
to
16:27
go
16:27
figure
16:28
this
16:28
out.
16:28
I'm
16:28
panicking.
16:29
The
16:30
goal
16:30
right
16:30
here,
16:31
now
16:31
is
16:31
not
16:31
to
16:32
panic,
16:32
but
16:32
it's
16:32
to
16:32
find
16:33
the
16:33
paper
16:33
trail.
16:34
Because
16:35
what
16:35
you're
16:35
talking
16:35
about
16:36
there
16:36
is
16:36
a
16:36
paper
16:36
trail.
16:37
We
16:37
just
16:37
got
16:37
to
16:37
get
16:37
in
16:37
there
16:37
and
16:38
figure
16:38
out
16:38
what
16:38
it
16:39
is.
16:39
Well,
16:40
let's
16:40
talk
16:40
about
16:40
identifying
16:41
the
16:41
timing.
16:42
Here's
16:43
the
16:43
thing
16:43
I'm
16:43
going
16:43
to
16:43
tell
16:43
you.
16:44
It
16:44
seems
16:44
to
16:44
me
16:45
like
16:45
you've
16:45
been
16:45
putting
16:45
this
16:45
off
16:46
a
16:46
little
16:46
bit.
16:47
So
16:47
this
16:47
action
16:48
needs
16:48
to
16:48
happen
16:49
now.
16:50
You
16:50
need
16:50
to
16:50
put
16:50
this
16:50
on
16:51
the
16:51
calendar.
16:51
Not
16:52
someday,
16:52
not
16:53
next
16:53
week,
16:53
not
16:54
when.
16:54
Oh,
16:54
when
16:54
I'm
16:55
feeling
16:55
better.
16:55
No,
16:55
this
16:55
is
16:56
a,
16:56
this
16:56
needs
16:56
to
16:56
be
16:56
resolved
16:57
right
16:57
away
16:57
thing.
16:58
So
16:58
as
16:59
we
16:59
think
16:59
about
16:59
the
17:00
identifying
17:00
the
17:01
timing,
17:01
we
17:01
got
17:02
to
17:02
do
17:02
action
17:02
right
17:03
now.
17:03
But
17:04
let's
17:04
pivot
17:04
a
17:04
little
17:04
bit.
17:05
Let's
17:05
talk
17:05
about
17:05
the
17:05
options
17:06
because
17:07
you've
17:07
asked
17:07
me
17:07
a
17:08
very
17:08
specific
17:08
question
17:09
that
17:09
I'm
17:09
going
17:09
to
17:09
give
17:09
you
17:09
a
17:10
very
17:10
specific
17:10
answer
17:11
to.
17:11
Here's
17:11
some
17:12
options.
17:12
First
17:12
thing
17:13
I
17:13
would
17:13
do,
17:14
reach
17:14
out
17:14
and
17:15
contact
17:15
the
17:15
former
17:16
employer.
17:17
It
17:17
might
17:17
seem
17:17
like
17:17
a
17:17
no
17:18
brainer,
17:18
but
17:18
reach
17:18
out
17:18
to
17:19
them.
17:19
If
17:19
it's
17:19
a
17:19
small
17:20
employer,
17:20
call
17:21
and
17:21
speak
17:21
to
17:21
the
17:21
manager
17:22
you
17:22
used
17:22
to
17:22
work
17:22
with.
17:23
If
17:23
it's
17:23
a
17:23
larger
17:24
employer,
17:24
I
17:24
would
17:24
reach
17:25
out
17:25
to
17:25
their
17:25
HR
17:26
people
17:26
and
17:26
just
17:26
start
17:26
there
17:27
and
17:27
say,
17:27
hey,
17:27
I
17:27
work
17:27
for
17:28
this
17:28
company.
17:29
I
17:29
realized
17:29
I
17:30
have
17:30
a
17:30
401k.
17:30
I
17:31
went
17:31
to
17:31
log
17:31
in
17:31
and
17:31
check
17:32
it
17:32
and
17:32
it's
17:32
gone.
17:33
I
17:33
can't
17:33
figure
17:33
it
17:33
out.
17:34
The
17:34
second
17:35
Thing
17:35
you
17:35
might
17:35
want
17:35
to
17:35
consider
17:36
is
17:36
you
17:37
can
17:37
contact
17:37
the
17:37
plan
17:38
administrator.
17:39
When
17:39
you
17:39
got
17:39
signed
17:40
up
17:40
for
17:40
your
17:40
401k
17:41
plan,
17:41
you
17:42
would
17:42
have
17:42
been
17:42
assigned
17:43
what
17:43
they
17:43
call
17:43
a
17:43
plan
17:44
administrator.
17:45
My
17:45
chances
17:46
are
17:46
you
17:46
probably
17:46
don't
17:47
have
17:47
that
17:47
information,
17:47
but
17:48
that's
17:48
at
17:48
least
17:48
one
17:48
thing
17:49
you
17:49
could
17:49
do.
17:49
Another
17:50
thing
17:50
you
17:50
can
17:50
do,
17:50
as
17:50
we
17:51
did
17:51
research
17:51
for
17:51
the
17:51
show
17:52
today,
17:52
there's
17:53
a
17:53
thing
17:53
called
17:53
the
17:53
Federal
17:54
Lost
17:54
Retirement
17:55
Resource
17:55
Safe.
17:56
There's
17:56
a
17:56
place
17:56
online,
17:57
we'll
17:57
link
17:57
in
17:57
the
17:58
show
17:58
notes
17:58
of
17:58
how
17:58
you
17:59
get
17:59
to
17:59
that.
18:00
It
18:00
could
18:00
have
18:00
went
18:00
there
18:01
or
18:01
the
18:01
other
18:01
thing
18:01
it
18:02
could
18:02
have
18:02
did.
18:02
And
18:02
this
18:02
happens
18:02
in
18:03
Delaware
18:03
all
18:03
the
18:03
time.
18:04
Delaware
18:04
has
18:05
this
18:05
thing
18:05
called
18:06
unclaimed
18:07
property.
18:07
And
18:08
a
18:08
lot
18:08
of
18:08
states
18:08
have
18:09
this.
18:09
And
18:09
if
18:09
there's
18:10
no
18:10
activity
18:11
on
18:11
an
18:11
account
18:11
for
18:12
a
18:12
certain
18:12
period
18:12
of
18:12
time.
18:13
Now
18:13
in
18:13
Delaware,
18:13
it's
18:14
actually
18:14
five
18:14
years.
18:15
It's
18:15
if
18:15
you've
18:16
got
18:16
an
18:16
account
18:16
that
18:17
there
18:17
has
18:17
been
18:17
no
18:17
activity
18:18
on
18:18
other
18:19
than
18:19
maybe
18:19
interest
18:20
posting
18:20
or
18:21
dividends
18:21
posting.
18:22
There's
18:22
a
18:22
thing
18:22
called
18:23
the
18:23
Delaware
18:23
State
18:24
Escheat
18:24
Office
18:24
that's
18:25
E
18:25
S
18:25
C
18:26
H
18:26
E
18:26
A
18:26
T.
18:27
It's
18:27
kind
18:27
of
18:27
like
18:27
you
18:27
think
18:27
about
18:27
they're
18:28
cheating
18:28
you
18:28
out
18:28
of
18:28
your
18:28
money.
18:28
That's
18:29
kind
18:29
of
18:29
what
18:29
it
18:29
is.
18:30
But
18:30
it
18:30
goes
18:31
to
18:31
this
18:31
unclaimed
18:32
property
18:32
office.
18:33
And
18:33
that
18:34
unclaimed
18:34
property
18:35
office
18:35
is
18:36
a
18:36
place
18:36
where
18:37
you
18:37
want
18:37
to
18:37
reach
18:37
out
18:38
and
18:38
say,
18:39
hey,
18:39
do
18:39
you
18:39
have
18:39
any
18:39
unclaimed
18:40
property?
18:40
Now
18:40
I
18:40
will
18:41
speak
18:41
for
18:41
Delaware.
18:42
I,
18:42
I
18:42
used
18:42
to
18:42
run
18:42
a
18:43
credit
18:43
union
18:43
and
18:44
when
18:44
I
18:44
worked
18:44
for
18:44
this
18:45
credit
18:45
union,
18:45
we
18:46
would
18:46
have
18:46
to
18:46
look
18:46
at
18:47
any
18:47
accounts
18:47
that
18:47
hadn't
18:48
had
18:48
any
18:48
activity
18:48
in
18:49
five
18:49
years.
18:49
Now
18:50
we
18:50
would
18:50
notify,
18:51
we
18:51
called
18:51
them
18:52
members.
18:52
When
18:52
I
18:52
was
18:52
with
18:52
the
18:52
credit
18:53
union,
18:53
we
18:53
would
18:53
notify
18:54
the
18:54
members
18:54
and
18:54
say,
18:54
hey,
18:55
you've
18:55
got
18:55
this
18:55
account
18:55
you
18:56
haven't
18:56
looked
18:56
at.
18:57
But
18:57
once
18:57
it
18:57
got
18:57
to
18:58
five
18:58
years,
18:58
the
18:59
only
18:59
option
18:59
we
18:59
had
19:00
was
19:00
to
19:00
write
19:01
a
19:01
check
19:01
and
19:01
send
19:01
it
19:02
off
19:02
to
19:02
the
19:02
unclaimed
19:03
property.
19:03
Now
19:03
that
19:03
doesn't
19:04
mean
19:04
it's
19:04
gone.
19:04
It
19:05
just
19:05
means
19:05
that
19:05
it's
19:05
sitting
19:06
out
19:06
there
19:06
in
19:06
unclaimed
19:07
property.
19:08
So
19:08
those
19:08
are
19:09
some
19:09
of
19:09
the
19:09
options
19:10
that
19:10
I
19:10
think
19:10
would
19:11
be
19:11
helpful.
19:11
There's
19:12
also
19:12
the
19:12
Department
19:12
of
19:13
Labor
19:13
has
19:14
a
19:14
retirement
19:15
savings
19:15
lost
19:15
and
19:15
found
19:16
database.
19:16
I
19:16
guess
19:17
it's
19:17
kind
19:17
of
19:17
like
19:17
that
19:18
lost
19:18
and
19:18
found
19:18
box.
19:19
But
19:19
you
19:19
might
19:20
want
19:20
to
19:20
contact
19:20
them.
19:21
And
19:21
the
19:21
USA.gov
19:23
says
19:23
most
19:23
unclaimed
19:24
money
19:24
is
19:24
held
19:25
by
19:25
state
19:25
unclaimed
19:26
property
19:26
office,
19:26
which
19:26
is
19:26
exactly
19:27
what
19:27
we
19:27
talked
19:27
about.
19:28
So
19:28
we've
19:29
talked
19:29
about
19:29
the
19:29
reality,
19:30
we've
19:30
talked
19:31
about
19:31
the
19:31
timeframe
19:32
and
19:32
now
19:32
we've
19:33
talked
19:33
about
19:33
some
19:33
options.
19:34
But
19:35
now
19:35
it's
19:35
time
19:35
to
19:35
have
19:35
a
19:36
plan.
19:36
Here's
19:36
the
19:37
thing
19:37
I'm
19:37
going
19:37
to
19:37
recommend
19:37
that
19:38
you
19:38
do.
19:38
Write
19:39
down
19:39
every
19:40
single
19:40
call,
19:40
every
19:41
single
19:41
point
19:41
of
19:42
contact,
19:42
get
19:43
their
19:43
names,
19:43
get
19:44
the
19:44
dates,
19:45
ask
19:45
for
19:45
notices,
19:46
ask
19:46
for
19:46
documents.
19:47
But
19:47
really
19:47
document
19:48
this
19:48
thing
19:49
so
19:49
you
19:49
can
19:49
go
19:49
back
19:50
and
19:50
say,
19:50
I
19:50
talked
19:50
to
19:50
this
19:51
person
19:51
on
19:51
this
19:51
date.
19:51
They
19:52
were
19:52
supposed
19:52
to
19:52
do
19:52
this.
19:53
I
19:53
talked
19:53
to
19:53
this
19:54
person.
19:54
Because
19:54
the
19:55
more
19:55
documentation
19:56
you
19:56
can
19:56
get,
19:56
the
19:56
better
19:56
off
19:57
you're
19:57
going
19:57
to
19:57
be.
19:58
But
19:58
let's
19:58
talk
19:59
about
19:59
faith
19:59
and
19:59
surrender
20:00
here.
20:00
One
20:01
of
20:01
the
20:01
things,
20:01
I'm
20:01
going
20:01
to
20:01
criticize
20:02
you
20:02
a
20:02
little
20:02
bit.
20:02
I
20:02
said
20:02
I
20:03
would
20:03
never
20:03
be
20:03
critical.
20:04
But.
20:04
And
20:04
no
20:04
judgment
20:05
here,
20:05
but
20:06
stewardship
20:07
by
20:07
its
20:07
very
20:07
nature
20:08
means
20:09
paying
20:09
attention
20:10
to
20:10
these
20:10
type
20:10
of
20:10
things.
20:11
So
20:11
if
20:12
you're
20:12
listening,
20:12
if
20:12
you've
20:13
joined
20:13
us
20:13
here
20:13
and
20:13
you're
20:13
thinking,
20:14
you
20:14
know
20:14
what,
20:14
Ralph,
20:14
this
20:14
could
20:15
affect
20:15
me
20:15
too.
20:16
Think
20:16
about
20:16
that.
20:17
Be
20:17
aware
20:18
of
20:18
what's
20:18
going
20:19
into
20:19
your
20:19
retirement
20:19
accounts.
20:20
A
20:20
lot
20:20
of
20:20
people
20:21
have
20:21
this
20:21
belief
20:21
that
20:22
they
20:22
just
20:22
said
20:22
it
20:22
and
20:22
forget
20:22
it.
20:23
I
20:23
think
20:23
that's
20:23
a
20:23
bad
20:24
approach.
20:24
I
20:25
would
20:25
definitely
20:25
be
20:25
checking
20:26
your
20:26
account
20:26
statements
20:27
at
20:27
least
20:27
once
20:27
a
20:28
quarter.
20:29
Make
20:29
sure
20:29
that
20:29
the
20:29
money
20:29
is
20:30
going
20:30
in
20:30
from
20:30
your
20:31
employer,
20:31
if
20:31
you're
20:31
contributing
20:32
it.
20:32
Don't
20:32
let
20:33
that
20:33
scare
20:33
you.
20:33
If
20:33
there's
20:34
market
20:34
ups
20:34
and
20:34
downs,
20:35
a
20:35
lot
20:35
of
20:35
people
20:35
don't
20:35
want
20:35
to
20:36
look
20:36
at
20:36
it
20:36
because
20:36
they're
20:37
afraid
20:37
that
20:37
the
20:37
market's
20:38
going
20:38
to
20:38
go
20:38
up
20:38
and
20:38
down
20:38
and
20:39
they've
20:39
lost
20:39
money.
20:39
But
20:40
log
20:40
in
20:40
and
20:40
see
20:41
where
20:41
things
20:41
are.
20:42
Now,
20:42
let's
20:42
talk
20:42
about
20:43
the
20:43
next
20:43
start
20:43
of
20:43
the
20:43
framework,
20:44
and
20:44
that's
20:44
understanding
20:45
your
20:45
progress.
20:47
Once
20:47
you've
20:48
done
20:48
your
20:48
plan,
20:48
you
20:48
started
20:49
to
20:49
put
20:49
this
20:49
into
20:49
action,
20:50
you
20:50
check
20:50
that
20:50
account,
20:51
you're
20:51
going
20:51
to
20:52
find
20:52
a
20:52
problem
20:52
here
20:53
pretty
20:53
quickly.
20:53
Your
20:53
money
20:53
is
20:54
not
20:54
missing.
20:54
It's
20:55
not
20:55
gone.
20:56
Somebody
20:56
has
20:56
it.
20:57
And
20:57
recognize
20:58
once
20:58
you
20:58
get
20:59
to
20:59
that
20:59
point,
20:59
that
21:00
is
21:00
progress.
21:01
But
21:02
now
21:02
I
21:02
want
21:02
you
21:02
to
21:02
look
21:02
ahead
21:02
a
21:03
little
21:03
bit.
21:03
The
21:04
next
21:04
step
21:04
is
21:04
that
21:05
first
21:05
phone
21:05
call
21:06
and
21:06
then
21:07
the
21:07
next
21:07
one
21:07
until
21:08
you
21:08
get
21:08
this
21:08
money
21:09
resolved,
21:09
until
21:09
you
21:09
get
21:10
to
21:10
the
21:10
point
21:10
where
21:10
everything's
21:11
resolved.
21:12
Well,
21:12
let
21:12
me
21:12
ask
21:13
the
21:13
chat
21:13
right
21:13
now.
21:13
Has
21:14
anybody
21:14
else
21:14
been
21:15
through
21:15
a
21:16
similar
21:16
situation
21:17
for
21:17
like,
21:17
how
21:18
many
21:18
of
21:18
you
21:18
have
21:18
had
21:18
an
21:18
old
21:19
account
21:19
somewhere
21:19
where
21:20
you
21:20
hadn't
21:20
checked
21:20
it
21:20
in
21:21
a
21:21
long
21:21
time?
21:21
And
21:21
then
21:21
you
21:22
were
21:22
like,
21:22
wow,
21:22
I
21:22
totally
21:23
forgot
21:23
about
21:23
this
21:24
account.
21:25
I
21:25
can
21:25
tell
21:25
you.
21:25
It
21:25
happened
21:26
to
21:26
my
21:26
grandfather
21:27
when
21:27
he
21:27
passed
21:27
away.
21:28
And
21:28
this
21:28
has
21:28
probably
21:28
been,
21:29
oh,
21:29
close
21:29
to
21:29
30
21:30
years
21:30
ago,
21:31
he
21:31
had
21:31
passed
21:32
away.
21:32
He
21:32
was
21:32
about
21:33
73,
21:33
74
21:34
years
21:34
old.
21:35
I
21:35
never
21:35
get
21:35
three
21:35
or
21:36
four
21:36
years
21:36
later,
21:37
I
21:37
was
21:37
looking
21:37
through
21:37
the
21:38
newspaper
21:38
here
21:38
and
21:39
I
21:39
saw
21:39
my
21:39
grandfather's
21:40
name
21:40
pop
21:40
up
21:41
and
21:41
it
21:41
said
21:41
that
21:42
there
21:42
was
21:42
money
21:42
in
21:43
an
21:43
unclaimed
21:43
account.
21:44
So
21:44
my
21:44
grandmother
21:45
was
21:45
still
21:45
alive.
21:45
I
21:45
picked
21:46
up
21:46
the
21:46
phone,
21:46
I
21:46
called
21:46
her
21:47
and
21:47
I
21:47
said,
21:47
guess
21:48
what?
21:48
I
21:48
said,
21:49
this
21:49
such
21:50
and
21:50
such
21:50
bank
21:50
says
21:51
that
21:51
they've
21:51
got
21:51
money
21:51
of
21:51
yours.
21:52
Turns
21:52
out
21:53
he
21:53
had
21:53
$4,000
21:54
in
21:55
an
21:55
account
21:55
that
21:56
nobody
21:56
knew
21:56
about.
21:57
Well,
21:57
the
21:58
good
21:58
news
21:58
was
21:58
my
21:58
grandmother
21:59
was
21:59
able
21:59
to
21:59
provide
22:00
a
22:00
death
22:00
certificate.
22:01
And
22:01
guess
22:02
what?
22:02
She
22:02
got
22:02
the
22:02
money.
22:03
So
22:04
the
22:04
money's
22:04
not
22:04
gone,
22:05
it's
22:06
still
22:06
there,
22:06
but
22:06
you
22:07
just
22:07
have
22:07
to
22:07
work
22:07
through
22:07
the
22:08
process
22:08
of
22:08
getting
22:09
that
22:09
money
22:09
back.
22:11
Okay,
22:12
well
22:12
let's.
22:12
Does
22:12
anybody
22:13
have
22:13
any
22:13
questions
22:14
they
22:14
want
22:14
me
22:14
to
22:14
talk
22:14
about
22:15
here
22:15
in
22:15
the
22:15
chat?
22:15
I
22:15
always
22:16
want
22:16
to
22:16
give
22:16
you
22:16
an
22:16
option
22:17
to
22:17
ask
22:18
questions.
22:18
If
22:18
not,
22:18
I'm
22:19
going
22:19
to
22:19
go
22:19
forward
22:19
with
22:20
the
22:20
next
22:20
question
22:20
we
22:21
got
22:21
from
22:21
a
22:21
listener.
22:23
Okay,
22:23
let's
22:23
get
22:23
to
22:23
the
22:24
next
22:24
one.
22:24
You
22:25
thought
22:25
the
22:25
last
22:25
one
22:25
was
22:26
good.
22:26
Wait
22:26
til
22:26
you
22:26
hear
22:26
this.
22:27
One
22:28
listener
22:29
writes
22:29
this.
22:30
My
22:30
boss
22:30
is
22:31
beginning
22:31
to
22:31
change
22:31
our
22:32
company
22:32
to
22:32
only
22:32
1099
22:33
employees.
22:34
Now,
22:34
I
22:34
want
22:34
to
22:35
use
22:35
a
22:35
little
22:35
bit
22:35
of
22:35
jargon
22:36
right
22:37
now.
22:37
A
22:38
1099
22:38
employee,
22:39
when
22:39
somebody
22:40
uses
22:40
those
22:40
two
22:40
words
22:41
together,
22:41
they're
22:42
the
22:42
opposite
22:42
of
22:42
that.
22:43
If
22:43
you're
22:44
a
22:44
1099,
22:45
that
22:45
means
22:45
you're
22:45
an
22:45
independent
22:46
contractor.
22:47
But
22:47
a
22:47
lot
22:48
of
22:48
people
22:48
don't
22:48
understand
22:48
the
22:49
difference.
22:49
The
22:49
difference
22:50
is
22:50
as
22:50
a
22:50
1099,
22:52
you're
22:52
not
22:52
an
22:52
employee.
22:53
You
22:53
actually
22:53
are
22:54
self
22:54
employed
22:54
and
22:55
they
22:55
are
22:55
paying
22:55
you
22:56
for
22:56
your
22:56
service.
22:57
Whereas
22:57
if
22:57
you're
22:58
an
22:58
employee,
22:58
you
22:59
would
22:59
get
22:59
a
22:59
W2.
23:00
But
23:00
let
23:00
me
23:00
continue.
23:01
He
23:01
says,
23:01
As
23:01
a
23:02
W2
23:02
employee,
23:03
I
23:03
was
23:03
making
23:04
$32
23:04
an
23:05
hour
23:05
and
23:06
now
23:06
he
23:06
wants
23:06
to
23:06
pay
23:06
me
23:07
$38
23:08
an
23:08
hour
23:08
as
23:08
a
23:08
1099.
23:10
Ralph,
23:10
I
23:11
can't
23:11
figure
23:11
out
23:11
if
23:12
this
23:12
is
23:12
good
23:12
or
23:13
bad
23:13
for
23:13
me.
23:14
Well,
23:14
the
23:14
good
23:14
news
23:15
is
23:15
you've
23:15
already
23:16
started
23:16
to
23:16
think
23:16
about
23:17
why
23:17
there
23:18
is
23:18
a
23:18
change
23:18
here.
23:19
And
23:19
we
23:20
got
23:20
to
23:20
start
23:20
there.
23:21
But
23:21
let's
23:21
get
23:21
into
23:21
our
23:21
first
23:22
Bible
23:22
verse
23:22
for
23:22
this
23:23
one.
23:23
This
23:23
one,
23:24
when
23:24
I
23:24
was
23:24
thinking
23:24
about
23:24
this,
23:25
when
23:25
I
23:25
said
23:25
this
23:25
really
23:26
thinks,
23:26
I
23:27
think
23:27
about
23:27
this
23:27
as
23:28
the
23:28
words
23:28
of
23:28
Jesus.
23:28
And
23:29
In
23:29
Matthew
23:30
chapter
23:30
10,
23:31
verse
23:31
16,
23:32
he
23:32
says,
23:32
I
23:33
am
23:33
sending
23:33
you
23:34
out
23:34
like
23:34
sheep
23:35
among
23:35
wolves.
23:36
Therefore
23:36
be
23:37
as
23:37
shrewd
23:37
as
23:38
snakes
23:38
and
23:39
innocent
23:39
as
23:40
doves.
23:41
That's
23:41
a
23:41
pretty
23:42
profound
23:42
Bible
23:42
verse
23:43
if
23:43
you
23:43
think
23:43
about
23:43
it.
23:44
Shrewd
23:45
as
23:45
snakes
23:45
and
23:45
innocent
23:46
as
23:46
doves.
23:47
But
23:47
I
23:47
wanted
23:47
to
23:47
start
23:48
there.
23:48
But
23:48
let's
23:48
get
23:48
into
23:48
my
23:49
framework.
23:50
We'll
23:50
start
23:50
by
23:51
talking
23:51
about
23:51
what's
23:51
the
23:52
reality
23:52
here.
23:53
The
23:53
reality
23:54
here
23:54
is
23:54
this
23:55
isn't
23:55
just
23:55
a
23:56
raise
23:56
question
23:57
clearly
23:58
you
23:58
understand
23:58
there's
23:59
something
23:59
more
23:59
to
23:59
this.
24:00
If
24:00
your,
24:01
quote,
24:01
employer
24:02
wants
24:02
to
24:02
take
24:02
you
24:03
from
24:03
$32
24:03
an
24:04
hour
24:04
to
24:04
$38
24:05
an
24:05
hour,
24:06
hint,
24:07
hint,
24:07
they're
24:07
telling
24:07
you
24:07
something
24:08
here.
24:09
Why
24:09
is
24:10
there
24:10
such
24:10
a
24:10
difference?
24:10
Now,
24:11
it
24:11
could
24:11
be
24:11
that
24:12
they're
24:12
not
24:12
going
24:12
to
24:13
give
24:13
you
24:13
benefits.
24:13
You
24:14
might
24:14
not
24:14
qualify
24:14
for
24:15
vacation
24:16
time
24:16
or
24:16
any
24:16
of
24:17
those
24:17
sort
24:17
of
24:17
things
24:17
because
24:17
now
24:18
you're
24:18
not
24:18
an
24:18
employer
24:19
anymore.
24:19
But
24:20
you've
24:20
got
24:20
to
24:20
think
24:20
a
24:20
little
24:21
deeper
24:21
on
24:21
this
24:21
one.
24:22
It's
24:22
a
24:23
tax
24:23
issue,
24:24
it's
24:24
a
24:24
benefits
24:25
issue,
24:25
and
24:26
it's
24:26
a
24:26
classification
24:27
issue.
24:27
Now,
24:27
we
24:27
can
24:28
get
24:28
into
24:28
a
24:28
whole
24:28
discussion
24:29
about
24:29
whether
24:29
this
24:30
is
24:30
a
24:30
justifiable
24:31
classification
24:32
or
24:32
not,
24:32
because
24:33
there
24:33
is.
24:33
It's
24:33
not
24:34
as
24:34
simple,
24:34
and
24:34
I'm
24:34
going
24:34
to
24:34
talk
24:34
about
24:35
that
24:35
in
24:35
a
24:35
second.
24:35
It's
24:35
not
24:35
as
24:36
simple
24:36
as
24:36
your
24:36
employer
24:37
just
24:37
saying,
24:37
well,
24:38
I
24:38
now
24:38
name
24:39
you
24:39
a
24:40
subcontractor.
24:41
Does
24:41
it
24:41
quite
24:41
work
24:41
that
24:42
way?
24:42
But
24:43
that's
24:43
what
24:43
we
24:43
really
24:43
need
24:43
to
24:43
start
24:44
with.
24:44
What
24:44
is
24:45
the
24:45
reality?
24:46
It's
24:46
not
24:46
just
24:46
a
24:46
raised
24:47
question.
24:47
There
24:47
are
24:48
a
24:48
ton
24:48
of
24:49
other
24:49
pieces
24:49
to
24:50
this.
24:50
But
24:51
let's
24:51
move
24:51
into
24:51
our
24:51
framework
24:52
of
24:52
aiming.
24:52
Clearly,
24:54
better
24:55
here
24:55
does
24:55
not
24:56
mean
24:56
a
24:56
bigger
24:56
hourly
24:57
number.
24:57
And
24:58
I'm
24:58
glad
24:58
you've
24:58
kind
24:58
of
24:59
alluded
24:59
to
24:59
that
24:59
because
24:59
your
24:59
question
25:00
already
25:00
addresses
25:00
this,
25:00
because
25:01
I
25:01
think
25:01
you've
25:01
kind
25:01
of
25:01
done
25:02
a
25:02
little
25:02
research
25:02
here.
25:04
Just
25:04
because
25:04
that
25:05
number
25:05
is
25:05
higher
25:06
doesn't
25:06
mean
25:07
it's
25:07
a
25:07
better
25:07
situation.
25:09
Better
25:09
to
25:10
me
25:10
means
25:10
a
25:10
better
25:11
full
25:11
picture.
25:12
Now,
25:12
it
25:12
could
25:12
be
25:12
that
25:13
this
25:13
is
25:13
a
25:13
better
25:13
option.
25:14
It
25:14
could
25:15
be
25:15
that
25:15
the
25:15
differences
25:16
that
25:16
are
25:16
going
25:16
to
25:17
happen
25:17
because
25:17
of
25:17
this
25:17
raise
25:18
are
25:18
worth
25:18
it.
25:18
But
25:18
we
25:19
got
25:19
to
25:19
dig
25:19
in
25:19
a
25:19
little
25:19
bit
25:19
of
25:20
that.
25:21
Here's
25:21
the
25:21
thing.
25:21
I'm
25:21
going
25:21
to
25:21
talk
25:22
to
25:22
you
25:22
about
25:22
identifying
25:23
the
25:23
timing.
25:24
This
25:24
is
25:24
not
25:25
a
25:25
place
25:25
to
25:25
answer
25:25
this
25:26
too
25:26
fast.
25:27
If
25:27
your
25:27
employer
25:28
presented
25:28
this
25:28
with
25:29
you,
25:29
I
25:30
wouldn't
25:30
answer
25:30
that.
25:30
A
25:31
lot
25:31
of
25:31
people
25:31
think,
25:31
well,
25:31
if
25:32
my
25:32
employer
25:32
said
25:32
something,
25:32
they
25:33
got
25:33
to
25:33
know
25:33
right
25:33
away.
25:34
No,
25:34
wrong
25:34
answer.
25:35
Go
25:35
out
25:36
and
25:36
talk
25:36
to
25:36
other
25:36
people,
25:37
do
25:37
some
25:38
research.
25:38
If
25:39
you
25:39
have
25:39
an
25:39
accountant,
25:40
somebody
25:40
like
25:40
me,
25:40
pick
25:40
up
25:41
the
25:41
phone,
25:41
schedule
25:42
a
25:42
consultation
25:43
and
25:43
really
25:43
understand
25:44
what's
25:44
going
25:45
on
25:45
here.
25:45
Because
25:45
you
25:46
don't
25:46
want
25:46
to
25:46
move
25:46
too
25:47
fast
25:47
on
25:47
this.
25:47
So
25:47
as
25:48
we
25:48
think
25:48
about
25:48
timing,
25:49
this
25:49
is
25:49
one
25:49
of
25:50
those
25:50
things.
25:50
My
25:50
grandfather
25:51
did
25:51
some
25:51
carpentry
25:52
work
25:52
and
25:53
he
25:53
used
25:53
to
25:53
say.
25:53
He
25:54
would
25:54
say,
25:54
grandson.
25:55
He
25:55
called
25:56
me
25:56
Ralphie.
25:56
A
25:56
lot
25:56
of
25:56
people
25:57
don't.
25:57
You
25:57
don't
25:57
call
25:57
me
25:57
Ralphie.
25:58
But
25:58
he
25:58
could.
25:58
So
25:58
anyway,
25:59
he
25:59
said,
25:59
Ralphie.
26:00
He
26:00
said,
26:00
here's
26:00
what
26:00
we
26:00
do.
26:01
When
26:01
we're
26:01
going
26:01
to
26:01
cut
26:01
wood,
26:02
we
26:02
Measure
26:02
twice
26:03
and
26:03
we
26:03
cut
26:03
once.
26:04
And
26:04
you
26:04
got
26:05
to
26:05
think
26:05
about
26:05
that
26:05
here,
26:05
too.
26:06
But
26:06
let's
26:07
talk
26:07
about
26:07
the
26:07
options.
26:08
Now,
26:08
you
26:08
haven't
26:09
told
26:09
me
26:09
whether
26:09
your
26:10
employer
26:10
offered
26:11
this,
26:11
but
26:11
in
26:12
my
26:12
view,
26:12
you've
26:12
got
26:12
a
26:12
couple
26:13
options.
26:14
You
26:14
could
26:14
stay
26:14
as
26:14
a
26:15
W2
26:15
employee.
26:16
Now,
26:16
maybe
26:16
that's
26:16
not
26:16
an
26:17
option.
26:17
Maybe
26:17
they're
26:17
just
26:17
deciding,
26:18
hey,
26:18
everybody's
26:19
going
26:19
to
26:19
be
26:19
a
26:19
subcontractor.
26:20
I
26:21
think
26:21
they
26:21
may
26:21
have
26:21
some
26:22
issues
26:22
there.
26:23
The
26:23
second
26:23
thing
26:23
you
26:24
could
26:24
say
26:24
was,
26:24
okay,
26:25
I
26:25
see
26:25
you're
26:25
giving
26:25
me
26:26
a
26:26
raise
26:27
of
26:27
$6
26:28
an
26:28
hour.
26:29
Maybe
26:29
you
26:29
can
26:30
negotiate
26:30
a
26:30
different
26:30
rate.
26:31
Maybe
26:31
that
26:31
$6
26:32
an
26:32
hour
26:32
isn't
26:33
enough
26:33
to
26:33
cover
26:33
the
26:34
benefits
26:34
or
26:35
cover
26:35
the
26:35
tax
26:36
changes
26:37
or
26:37
cover
26:37
the
26:37
other
26:38
pieces
26:38
of
26:38
this
26:38
puzzle.
26:39
That
26:39
would
26:39
be
26:40
important.
26:40
Another
26:41
thing
26:41
I
26:41
would
26:41
do,
26:42
especially
26:42
when
26:42
it
26:43
comes
26:43
to
26:43
employment
26:43
stuff,
26:44
is
26:44
ask
26:45
for
26:45
written
26:45
terms.
26:47
I
26:47
want
26:47
this
26:47
written
26:48
out,
26:48
exactly
26:49
what
26:49
my
26:49
expectations
26:50
are.
26:50
I
26:50
want
26:50
to
26:51
understand
26:51
what
26:51
your
26:52
expectations
26:52
are,
26:52
because
26:53
think
26:53
of
26:53
it
26:53
like
26:53
this.
26:53
When
26:53
you're
26:54
an
26:54
employee,
26:55
most
26:55
employees
26:56
that
26:56
work
26:57
in
26:57
a
26:57
state
26:57
are
26:57
what
26:58
they
26:58
call
26:58
at
26:58
will
26:58
employees.
26:59
Your
27:00
employer
27:00
can
27:00
let
27:01
you
27:01
go
27:01
at
27:01
will,
27:02
but
27:03
what
27:03
you're
27:03
talking
27:03
about
27:03
now
27:04
is
27:04
different.
27:04
This
27:05
is
27:05
not
27:05
a
27:05
typical
27:06
employer
27:06
employee
27:07
relationship.
27:08
So
27:09
I
27:09
would
27:09
get
27:09
stuff
27:10
in
27:10
writing.
27:11
And
27:11
then
27:11
once
27:11
you
27:11
get
27:11
stuff
27:12
in
27:12
writing,
27:12
you've
27:12
got
27:12
to
27:13
look
27:13
at
27:13
benefits.
27:14
Maybe
27:14
right
27:14
now
27:15
you've
27:15
got
27:15
medical
27:16
coverage
27:16
that's
27:16
being
27:17
covered,
27:17
or
27:17
maybe
27:17
you've
27:18
got
27:18
a
27:18
flexible
27:18
spending
27:19
account.
27:20
They're
27:20
not
27:20
going
27:20
to
27:20
be
27:20
able
27:21
to
27:21
do
27:21
that
27:21
if
27:21
you're
27:22
a
27:22
subcontractor.
27:23
So
27:24
think
27:24
about
27:24
that.
27:24
Look
27:24
at
27:24
how
27:25
much
27:25
those
27:25
benefits
27:26
are
27:26
going
27:26
to
27:26
cost.
27:27
There's
27:27
going
27:27
to
27:27
be
27:28
a
27:28
change
27:28
in
27:28
taxes.
27:29
When
27:29
you're
27:30
self
27:30
employed,
27:30
you
27:31
have
27:31
to
27:31
pay
27:31
something
27:31
called
27:32
self
27:32
employment
27:33
tax.
27:33
That's
27:34
basically
27:34
an
27:34
additional
27:35
15.2%
27:36
tax
27:37
on
27:37
top.
27:37
That's
27:38
one
27:38
of
27:38
the
27:38
reasons
27:39
they're
27:39
giving
27:39
you
27:40
a
27:40
higher
27:40
wage.
27:41
There
27:42
could
27:42
be
27:42
expenses
27:42
related
27:43
to
27:43
this.
27:44
And
27:44
there's
27:44
also
27:45
some
27:45
issues
27:45
about
27:46
protections
27:47
when
27:47
you're
27:47
an
27:47
employee.
27:48
You're
27:48
covered
27:49
by
27:49
workman's
27:49
comp
27:50
insurance.
27:51
You're
27:51
covered
27:51
by
27:51
other
27:52
protections
27:53
that
27:53
go
27:53
along
27:53
with
27:53
being
27:54
an
27:54
employee
27:54
that
27:55
you
27:55
might
27:55
not
27:55
have
27:56
as
27:56
a
27:56
subcontractor.
27:58
So
27:58
those
27:58
are
27:58
the
27:59
options.
27:59
That's
27:59
what
27:59
I
27:59
call
27:59
like
27:59
the
28:00
green
28:00
light
28:00
thinking,
28:00
the
28:01
brainstorming
28:01
phase.
28:02
But
28:02
then
28:03
you've
28:03
got
28:03
to
28:03
develop
28:03
a
28:03
plan.
28:04
And
28:04
in
28:05
that
28:05
plan
28:05
you've
28:05
got
28:05
to
28:05
run
28:06
the
28:06
real
28:06
math.
28:06
And
28:07
I've
28:07
worked
28:07
clients
28:07
through
28:07
this
28:08
many
28:08
times.
28:09
Take
28:09
a
28:09
look
28:09
at
28:09
if
28:10
you
28:10
get
28:10
paid
28:10
$32
28:11
an
28:11
hour
28:11
as
28:11
an
28:12
employee,
28:12
what
28:12
does
28:13
that
28:13
mean?
28:13
If
28:13
you
28:14
get
28:14
paid
28:14
$38
28:15
as
28:15
a
28:16
contractor.
28:16
What
28:16
does
28:17
that
28:17
mean?
28:17
You've
28:17
got
28:17
to
28:18
think
28:18
about
28:18
things
28:18
like
28:18
the
28:18
cost
28:19
of
28:19
benefits,
28:20
the
28:20
cost
28:20
of
28:20
taxes,
28:21
because
28:22
you
28:22
can't
28:22
compare
28:22
rate
28:23
to
28:23
rate.
28:23
A
28:23
lot
28:23
of
28:23
people
28:24
think,
28:24
oh
28:24
well,
28:24
they're
28:25
giving
28:25
me
28:25
a
28:25
$6
28:26
an
28:26
hour
28:27
raise.
28:27
Ralph,
28:27
this
28:27
is
28:28
a
28:28
no
28:28
brainer,
28:28
I'm
28:28
just
28:28
going
28:29
to
28:29
go
28:29
do
28:29
this.
28:30
But
28:30
it's
28:30
not
28:30
a
28:30
no
28:30
brainer.
28:31
You've
28:32
got
28:32
to
28:32
actually
28:32
look
28:33
at
28:33
your
28:33
take
28:33
home
28:34
pay
28:34
to
28:34
take
28:35
home
28:35
pay
28:35
because
28:35
that's
28:36
going
28:36
to
28:36
change
28:36
here.
28:37
If
28:37
I'm
28:37
going
28:37
to
28:38
add
28:38
another
28:38
15.2%
28:39
tax
28:40
on
28:40
top
28:40
of
28:40
this,
28:41
your
28:41
take
28:41
home
28:41
pay
28:42
is
28:42
going
28:42
to
28:42
change.
28:42
If
28:43
you've
28:43
got
28:43
to
28:43
pay
28:44
for
28:44
benefits,
28:44
if
28:45
you've
28:45
got
28:45
to
28:45
pay
28:45
for
28:46
insurance,
28:47
all
28:47
those
28:47
type
28:47
of
28:48
things
28:48
are
28:48
going
28:49
to
28:49
mean
28:49
you
28:50
may
28:50
need
28:50
to
28:50
make
28:51
your
28:51
take
28:51
home
28:51
pay
28:51
might
28:52
go
28:52
down.
28:52
Now
28:52
here's
28:53
the
28:53
thing
28:53
I
28:53
was
28:53
going
28:53
to
28:53
talk
28:53
about
28:53
a
28:54
second
28:54
ago.
28:54
The
28:55
IRS
28:55
has
28:56
guidance
28:56
in
28:56
this
28:57
and
28:58
that's
28:58
why
28:58
I'm
28:58
not
28:58
sure
28:59
the
28:59
whole
28:59
situation.
29:00
Generally
29:00
employers
29:01
can't
29:01
just
29:01
say
29:01
willy
29:02
nilly,
29:02
well,
29:02
we're
29:03
going
29:03
to
29:03
bestow
29:03
everybody
29:04
to
29:04
be
29:04
contractors.
29:05
They
29:05
want
29:05
to
29:05
do
29:06
that
29:06
because
29:07
when
29:07
they
29:07
do
29:07
that,
29:07
they're
29:08
not
29:08
paying
29:08
workers
29:08
comp,
29:09
they're
29:09
not
29:09
paying
29:10
unemployment
29:10
taxes,
29:11
they're
29:11
not
29:12
matching
29:12
your
29:12
Social
29:12
Security
29:13
or
29:13
that
29:13
self
29:14
employment
29:14
talks.
29:15
We
29:15
talked
29:15
about
29:15
it.
29:16
But
29:16
the
29:16
IRS
29:16
and
29:17
the
29:17
U.S.
29:17
department
29:17
of
29:18
labor,
29:18
there
29:18
are
29:19
overall
29:20
issues
29:21
and
29:21
I
29:21
don't
29:21
really
29:22
want
29:22
to
29:22
get
29:22
into
29:22
them
29:22
there
29:22
because
29:23
we
29:23
don't
29:23
really
29:23
have
29:23
the
29:23
time
29:23
to
29:24
cover
29:24
that.
29:24
But
29:24
it's
29:25
not
29:25
necessarily
29:25
true
29:26
that
29:26
they
29:26
can
29:26
just
29:26
say,
29:26
oh,
29:27
we're
29:27
just
29:27
going
29:27
to
29:27
make
29:28
you
29:28
subcontractors.
29:28
I've
29:29
had
29:29
a
29:29
lot
29:29
of
29:29
clients
29:29
that
29:30
have
29:30
said
29:30
to
29:30
me
29:30
over
29:30
the
29:30
years,
29:30
well
29:31
I'm
29:31
going
29:31
to
29:31
hire
29:32
some
29:32
subcontracted
29:33
employees
29:33
and
29:33
I
29:33
just
29:33
want
29:34
to
29:34
come
29:34
across
29:34
a
29:34
desk
29:34
and
29:35
smack
29:35
them
29:35
because
29:36
the
29:36
two
29:36
things
29:37
are
29:37
not
29:37
the
29:37
same.
29:38
And
29:39
here's
29:39
the
29:39
thing,
29:40
the
29:40
the
29:40
IRS
29:41
could
29:41
come
29:41
in,
29:41
the
29:42
U.S.
29:42
department
29:42
of
29:42
labor
29:43
come
29:43
in
29:43
and
29:43
say
29:43
this
29:43
is
29:43
not
29:43
right.
29:44
Now
29:44
I'm
29:45
going
29:45
to
29:45
just
29:45
give
29:45
you
29:45
a
29:45
little
29:45
caveat
29:46
here.
29:46
There
29:46
is
29:46
actually
29:47
maybe
29:47
you're
29:47
an
29:47
employer
29:48
listening
29:48
to
29:48
this.
29:49
If
29:49
you
29:49
really
29:50
want
29:50
to
29:50
get
29:50
the
29:50
skinny
29:51
on
29:51
this,
29:51
you
29:51
can
29:52
do
29:52
what's
29:52
called
29:52
an
29:52
SS8
29:53
form.
29:54
That's
29:54
a
29:54
determination
29:55
form
29:55
you
29:56
can
29:56
send
29:56
into
29:56
the
29:56
IRS
29:57
and
29:57
ask
29:57
them,
29:57
hey,
29:58
does
29:58
this
29:58
work?
29:59
While
29:59
you're
29:59
doing
30:00
that,
30:00
the
30:00
IRS
30:01
will
30:01
also
30:01
give
30:01
you
30:02
guidance
30:02
about
30:02
that
30:02
self
30:03
employment
30:03
tax.
30:04
Because
30:04
if
30:05
you
30:05
have
30:05
self
30:05
employment
30:06
tax,
30:06
there's
30:07
also
30:07
annual
30:08
tax
30:08
returns
30:08
you're
30:08
going
30:09
to
30:09
need
30:09
to
30:09
file
30:09
as
30:10
a
30:10
quote
30:10
contractor.
30:11
And
30:11
you
30:12
might
30:12
have
30:12
to
30:12
pay
30:12
estimated
30:13
taxes,
30:13
because
30:13
all
30:14
of
30:14
a
30:14
sudden
30:14
the
30:14
other
30:14
side
30:15
of
30:15
this,
30:15
and
30:15
this
30:15
gets
30:15
a
30:16
lot
30:16
of
30:16
people
30:16
in
30:16
trouble.
30:17
Maybe
30:17
they
30:18
were
30:18
an
30:18
employee
30:18
before.
30:19
Well,
30:19
when
30:19
you're
30:19
an
30:20
employee,
30:20
your
30:20
employer
30:21
takes
30:21
money
30:21
out
30:22
of
30:22
your
30:22
check
30:22
every
30:23
week
30:23
or
30:23
every
30:23
two
30:23
weeks.
30:24
When
30:25
you're
30:25
a
30:25
subcontractor,
30:26
you
30:26
got
30:26
to
30:26
figure
30:27
that
30:27
out
30:27
on
30:27
your
30:27
own.
30:28
And
30:28
then
30:28
comes
30:28
April
30:29
15th,
30:29
and
30:29
it's
30:30
terror.
30:31
But
30:31
let's
30:31
get
30:31
into
30:32
the
30:32
faith
30:32
and
30:32
surrender
30:33
part
30:33
of
30:33
this,
30:33
because
30:33
this
30:33
is
30:34
a
30:34
big
30:34
decision.
30:35
This
30:35
is
30:35
not
30:36
a
30:36
simple
30:36
decision.
30:37
So
30:38
this
30:38
is
30:38
where
30:38
you
30:38
look
30:38
for
30:39
wisdom
30:39
and
30:39
ask
30:40
those
30:40
hard
30:40
questions
30:41
before
30:41
you
30:41
sign.
30:43
And
30:43
then
30:43
we'll
30:43
talk
30:44
about
30:44
understanding
30:44
your
30:45
progress.
30:46
The
30:46
fact
30:46
that
30:46
you
30:47
asked
30:47
for
30:47
guidance
30:48
here
30:48
to
30:48
me
30:48
speaks
30:49
volumes
30:50
about
30:50
your
30:51
intelligence
30:52
and
30:52
your
30:53
desire
30:53
to
30:53
make
30:53
the
30:54
right
30:54
decision.
30:55
You've
30:55
asked
30:56
questions
30:56
before,
30:56
agreeing,
30:57
and
30:58
that's
30:58
progress.
30:59
But
30:59
then
30:59
look
31:00
ahead.
31:00
What's
31:00
the
31:00
next
31:01
step?
31:02
You
31:02
know,
31:02
look
31:02
at
31:02
that
31:02
comparison.
31:03
Compare
31:04
if
31:04
I
31:04
do
31:04
this
31:05
job
31:05
or
31:05
if
31:05
I
31:05
do
31:06
this
31:06
job
31:06
and
31:07
really
31:07
focus
31:07
in
31:08
on
31:08
that.
31:08
Take
31:08
home
31:08
pay.
31:09
Look
31:09
at
31:09
the
31:09
cost
31:09
of
31:10
benefits
31:10
because
31:10
benefits
31:11
are
31:11
not
31:11
cheap.
31:12
Look
31:12
at
31:12
the
31:12
cost
31:13
of
31:13
those
31:13
benefits
31:14
and
31:14
decide
31:14
what
31:15
works
31:15
best
31:16
for
31:16
you.
31:17
Let
31:17
me
31:17
ask
31:17
the
31:18
group
31:18
this
31:18
question.
31:18
I'll
31:19
ask
31:19
this
31:19
in
31:19
the
31:19
chat,
31:19
if
31:20
anybody
31:20
wants
31:20
to
31:20
comment.
31:21
Have
31:21
you
31:21
ever
31:21
had
31:22
a
31:22
work
31:22
offer
31:22
that
31:22
looked
31:23
better
31:23
on
31:23
paper
31:24
than
31:24
it
31:24
felt
31:24
in
31:25
real
31:25
life?
31:26
Have
31:26
you?
31:27
Many
31:27
clients
31:27
call
31:28
me
31:28
and
31:28
ask
31:28
me
31:28
this
31:28
exact
31:29
same
31:29
question.
31:30
Their
31:30
company
31:31
was
31:31
going
31:31
through
31:31
a
31:31
change
31:32
and
31:32
they
31:33
just
31:33
said,
31:33
wait
31:33
a
31:33
minute,
31:33
this
31:34
sounds
31:34
like
31:34
a
31:34
really
31:34
good
31:34
deal,
31:35
Ralph.
31:35
But
31:35
sometimes
31:36
it's
31:37
not
31:37
a
31:37
great
31:37
deal.
31:40
And
31:40
here's
31:40
the
31:40
other
31:41
thing
31:41
I
31:41
was
31:41
going
31:41
to
31:41
put
31:41
in
31:41
here.
31:42
Some
31:42
money
31:42
problems
31:43
are
31:43
about
31:43
the
31:43
job.
31:44
Some
31:44
are
31:44
about
31:44
family
31:45
patterns.
31:45
And
31:45
that's
31:46
what
31:46
I
31:46
want
31:46
to
31:46
go
31:47
to
31:47
next.
31:48
The
31:48
next
31:48
question.
31:49
This
31:49
is
31:49
one
31:49
of
31:49
those
31:50
questions
31:50
where
31:50
you're
31:51
dealing
31:51
with
31:51
family
31:52
and
31:53
money
31:53
and
31:53
family
31:54
are
31:54
two
31:54
things
31:54
that
31:55
are
31:55
really
31:55
complicated.
31:56
But
31:56
let
31:56
me
31:56
get
31:56
into
31:57
our
31:57
next
31:57
question.
31:58
This
31:58
question
31:59
comes
31:59
to
31:59
us
31:59
from
32:00
a
32:00
young
32:00
person.
32:01
I
32:01
say
32:01
young
32:01
person
32:02
because
32:02
I
32:02
think
32:03
anybody
32:03
younger
32:03
than
32:03
me
32:04
is
32:04
a
32:04
young
32:04
person.
32:04
At
32:04
this
32:04
point,
32:05
it
32:05
makes
32:05
myself
32:06
feel
32:06
old.
32:06
But
32:07
at
32:08
53,
32:08
I
32:08
guess
32:08
I
32:09
am
32:09
old.
32:09
Anyway,
32:10
here's
32:10
their
32:10
question.
32:10
Says,
32:11
I'm
32:11
16.
32:12
My
32:12
mom
32:13
is
32:13
in
32:13
$60,000
32:14
in
32:15
debt.
32:15
She
32:16
needs
32:16
to
32:16
borrow
32:16
$1,000
32:18
to
32:18
$3,000
32:19
a
32:19
month
32:19
from
32:19
her
32:20
elderly
32:20
parents
32:20
just
32:20
to
32:21
survive.
32:21
So
32:21
here
32:22
we
32:22
go.
32:22
You
32:22
got
32:23
a
32:23
young
32:23
person,
32:23
16
32:24
years
32:24
old.
32:25
They're
32:25
saying
32:25
that
32:25
their
32:26
mother
32:26
is
32:26
in
32:26
debt,
32:27
$60,000
32:28
in
32:28
debt,
32:28
and
32:29
they're
32:29
hitting
32:29
up
32:29
grandma
32:30
and
32:30
grandpop
32:30
for
32:30
$1,000
32:31
to
32:31
$3,000
32:32
a
32:32
month.
32:33
These
32:33
people
32:33
are
32:33
elderly
32:34
just
32:34
to
32:34
survive.
32:35
But
32:36
here's
32:36
the
32:36
kicker.
32:37
And
32:37
then
32:37
this
32:37
person
32:38
tells
32:38
us
32:38
and
32:39
spends
32:39
about
32:39
$400
32:40
a
32:40
month
32:40
on
32:41
doordash.
32:41
Now,
32:42
we
32:42
could
32:42
have
32:42
a
32:42
whole
32:42
discussion
32:43
about
32:43
doordash.
32:44
But
32:45
here's
32:45
the
32:45
next
32:45
thing
32:45
they
32:45
say
32:46
when
32:46
I
32:46
try
32:47
to
32:47
help
32:47
her,
32:47
she
32:47
says,
32:48
this
32:48
is
32:48
how
32:48
I
32:49
prefer
32:49
it.
32:50
Stop
32:50
trying
32:50
to
32:51
be
32:51
in
32:51
my
32:51
finances.
32:53
Sounds
32:53
like
32:53
mom's
32:54
a
32:54
little
32:54
defensive.
32:55
But
32:56
then
32:56
they
32:56
asked
32:56
me
32:56
the
32:56
million
32:57
dollar
32:57
question,
32:58
should
32:58
I
32:59
try
32:59
to
32:59
help
32:59
her
32:59
or
32:59
just
33:00
move
33:00
out
33:00
as
33:00
soon
33:01
as
33:01
possible?
33:02
Now
33:03
you're
33:03
16.
33:04
I
33:04
don't
33:04
think
33:04
you're
33:04
moving
33:05
out
33:05
anytime
33:05
that
33:06
soon.
33:07
But
33:07
I
33:07
do
33:07
appreciate
33:08
the
33:08
fact
33:08
that
33:08
you're
33:09
seeing
33:09
a
33:09
pattern
33:09
here.
33:09
It
33:10
actually
33:10
is
33:10
really
33:11
reassuring
33:11
that
33:11
you
33:11
see
33:11
there's
33:12
an
33:12
issue
33:12
here.
33:13
But
33:13
let's
33:13
start
33:13
with
33:14
scripture.
33:15
And
33:15
this
33:15
scripture
33:16
I
33:16
came
33:16
up
33:16
with
33:16
Here
33:16
is
33:16
Proverbs
33:17
22:3.
33:18
You'll
33:19
notice
33:19
in
33:19
the
33:19
show
33:20
I
33:20
use
33:20
a
33:20
lot
33:20
of
33:20
proverbs.
33:21
Proverbs
33:22
is
33:22
a
33:22
great
33:22
place
33:23
for
33:23
real
33:23
wisdom.
33:24
But
33:24
this
33:24
is
33:24
Proverbs
33:25
22.
33:25
3.
33:25
It
33:26
says
33:26
the
33:26
prudence.
33:27
See
33:27
danger
33:27
and
33:28
take
33:28
refuge.
33:29
But
33:29
the
33:29
simple
33:30
keep
33:30
going
33:30
and
33:30
pay
33:31
the
33:31
penalty.
33:32
And
33:32
I
33:32
think
33:33
you're
33:33
seeing
33:33
that.
33:34
But
33:34
let's
33:35
work
33:35
through
33:35
the
33:35
framework.
33:36
The
33:36
first
33:36
thing
33:36
I
33:37
want
33:37
you
33:37
to
33:37
do
33:37
is
33:37
face
33:38
the
33:38
reality.
33:40
On
33:40
its
33:40
surface,
33:41
this
33:41
seems
33:41
like
33:41
a
33:41
money
33:42
question.
33:43
You
33:43
got
33:43
a
33:43
mom
33:44
that's
33:44
got
33:44
a
33:44
lot
33:44
of
33:44
debt.
33:45
She's
33:45
borrowing
33:46
from
33:46
grandma
33:46
and
33:46
grandpop
33:47
to
33:47
make
33:47
ends
33:47
meet.
33:48
So
33:49
on
33:49
the
33:49
surface,
33:49
this
33:49
seems
33:50
like
33:50
a
33:50
money
33:50
question.
33:51
But
33:51
honestly,
33:52
and
33:52
you're
33:52
not
33:52
going
33:53
to
33:53
like
33:53
what
33:53
I'm
33:53
getting
33:53
ready
33:53
to
33:53
say.
33:54
I
33:54
think
33:55
it's
33:55
also
33:55
a
33:55
boundaries
33:56
question.
33:57
But
33:57
this
33:57
is
33:57
a
33:58
boundary
33:58
that
33:58
goes
33:58
both
33:58
ways.
33:59
At
34:00
16,
34:00
I
34:01
can't
34:01
even
34:01
imagine
34:02
saying
34:02
to
34:02
my
34:03
mom
34:03
or
34:03
dad.
34:03
Now,
34:03
I
34:04
had
34:04
a
34:04
different
34:04
situation,
34:05
but
34:05
I
34:05
can't
34:05
imagine
34:06
saying
34:06
to
34:06
my
34:06
mom
34:06
or
34:06
dad
34:07
is
34:07
like,
34:07
here's
34:07
a
34:07
I
34:08
want
34:08
to
34:08
tell
34:08
you
34:08
how
34:08
to
34:08
run
34:08
your
34:09
finances.
34:10
Now
34:10
you
34:11
might
34:11
realize,
34:11
hey,
34:11
there's
34:12
a
34:12
problem
34:12
here,
34:13
which
34:14
is
34:14
a
34:14
different
34:14
boundary.
34:15
And
34:15
that's
34:15
a
34:15
boundary
34:16
where
34:16
I
34:16
think
34:16
your
34:16
mom
34:17
is
34:17
sharing
34:17
too
34:17
much
34:18
information.
34:19
Your
34:19
mom
34:19
is
34:19
putting
34:20
a
34:20
burden
34:20
on
34:20
you
34:20
that
34:21
you
34:21
should
34:21
not
34:21
have
34:22
to
34:22
bear.
34:22
At
34:22
age
34:22
16,
34:23
this
34:23
is
34:23
a
34:23
terrible
34:24
situation
34:24
for
34:25
you
34:25
to
34:25
be
34:25
in.
34:25
And
34:26
my
34:26
suspicion
34:26
is
34:27
you're
34:27
feeling
34:27
a
34:27
lot
34:27
of
34:27
fear.
34:28
You're
34:28
probably
34:29
thinking,
34:29
man,
34:29
are
34:29
we
34:29
going
34:29
to
34:29
have
34:30
a
34:30
place
34:30
to
34:30
live?
34:30
Are
34:30
they
34:30
going
34:30
to
34:31
shut
34:31
the
34:31
lights
34:31
off?
34:32
What's
34:32
coming
34:32
around
34:33
the
34:33
bend?
34:34
You
34:34
see
34:34
that
34:34
your
34:35
mom's
34:35
not
34:35
good
34:35
with
34:35
money.
34:36
I'm
34:37
just
34:37
happy
34:37
the
34:37
fact
34:37
that
34:38
you
34:38
saw
34:38
that.
34:38
But
34:38
let's
34:39
talk
34:39
about
34:39
the
34:39
next
34:39
Step.
34:39
And
34:40
what
34:40
is
34:40
your
34:40
goal
34:40
here?
34:41
The
34:41
next
34:41
step
34:42
in
34:42
my
34:42
framework
34:42
is
34:42
to
34:43
aim.
34:43
Clearly,
34:44
you
34:44
gotta
34:45
take
34:45
a
34:45
step
34:45
back
34:46
here.
34:47
The
34:47
goal
34:47
is
34:47
not
34:48
fixing
34:48
Mom.
34:49
That's
34:50
not
34:50
your
34:50
role.
34:51
That's
34:52
not
34:52
your
34:52
responsibility.
34:54
You're
34:54
not
34:54
the
34:54
parent.
34:55
Now,
34:56
it
34:56
sounds
34:56
to
34:56
me,
34:57
based
34:57
on
34:57
what
34:57
you're
34:57
telling
34:57
me,
34:58
that
34:58
you've
34:58
kind
34:58
of
34:58
been
34:58
the
34:58
parent,
35:00
and
35:00
I
35:00
have
35:00
empathy
35:01
for
35:01
you
35:01
in
35:01
that
35:01
situation.
35:02
I
35:03
lived
35:03
through
35:03
a
35:03
similar
35:04
situation.
35:04
My
35:05
mom
35:05
and
35:05
dad
35:05
split
35:05
up
35:06
when
35:06
I
35:06
was
35:06
8.
35:07
And
35:07
the
35:07
last
35:08
thing
35:08
my
35:08
dad
35:08
said
35:08
on
35:08
the
35:09
way
35:09
out
35:09
the
35:09
door,
35:09
son,
35:09
you're
35:10
the
35:10
man
35:10
of
35:10
the
35:10
house.
35:11
Well,
35:11
guess
35:11
what?
35:12
At
35:12
8
35:12
years
35:13
old,
35:13
nobody
35:14
is
35:14
ready
35:15
to
35:15
be
35:15
man
35:15
of
35:15
the
35:15
house.
35:16
And
35:16
my
35:17
mother
35:17
passed
35:17
away
35:17
a
35:17
few
35:17
years
35:18
ago.
35:18
I
35:18
love
35:18
my
35:18
mother
35:19
dearly,
35:20
but
35:20
my
35:20
mother
35:20
put
35:21
a
35:21
lot
35:21
of
35:21
stress
35:21
on
35:22
me.
35:22
My
35:22
mother
35:23
was
35:23
the
35:23
person
35:23
that
35:23
would
35:24
say,
35:24
hey,
35:24
kids,
35:24
you
35:25
know,
35:25
we
35:25
can't
35:25
afford
35:25
that.
35:26
I
35:26
always
35:26
used
35:26
to
35:27
hear,
35:27
we
35:27
don't
35:27
have
35:27
that
35:27
kind
35:28
of
35:28
money.
35:28
I
35:28
asked
35:28
my
35:29
dad
35:29
one
35:29
time,
35:29
I
35:29
said,
35:30
do
35:30
you
35:30
have
35:30
a
35:30
different
35:30
kind
35:30
of
35:31
money
35:31
than
35:31
mom
35:31
has?
35:32
He
35:32
just
35:32
kind
35:32
of
35:32
chuckled
35:33
and
35:33
he
35:33
says,
35:33
no,
35:34
not
35:34
really.
35:34
But
35:34
you
35:35
see
35:35
what
35:35
I'm
35:35
saying?
35:36
In
35:37
a
35:37
lot
35:37
of
35:37
ways,
35:37
your
35:38
mom
35:38
is
35:38
putting
35:38
this
35:39
stress
35:39
on
35:39
you.
35:40
The
35:40
fact
35:41
that
35:41
you
35:41
know
35:42
how
35:42
much
35:42
debt
35:42
she
35:43
has,
35:43
the
35:44
fact
35:44
that,
35:44
you
35:44
know
35:44
she's
35:45
borrowing
35:45
from
35:45
Grandma
35:46
and
35:46
Grandpa,
35:47
that's
35:47
information
35:48
you
35:48
should
35:48
not
35:49
have
35:49
to
35:49
understand.
35:49
It's
35:50
not
35:50
stuff
35:50
that
35:50
you
35:50
have
35:51
to
35:51
digest.
35:52
But
35:52
at
35:52
the
35:53
same
35:53
time,
35:53
you
35:53
have
35:54
a
35:54
goal
35:54
here
35:54
of
35:54
protecting
35:55
the
35:55
future,
35:56
maybe
35:56
protecting
35:57
your
35:57
future.
35:58
I
35:58
don't
35:58
know
35:58
what
35:58
you're
35:59
looking
35:59
at.
35:59
You're
35:59
16
36:00
years
36:00
old.
36:00
You
36:00
might
36:00
be
36:00
looking
36:01
at
36:01
college,
36:01
and
36:01
you're
36:01
thinking,
36:02
well,
36:02
how's
36:02
mom
36:03
ever
36:03
going
36:03
to
36:03
pay
36:03
for
36:04
college?
36:04
That's
36:05
a
36:05
legitimate
36:05
concern.
36:07
But
36:07
those
36:07
are
36:07
where
36:07
you
36:08
got
36:08
to
36:08
set
36:08
your
36:08
goals.
36:09
This
36:09
is
36:09
not
36:09
your
36:09
responsibility
36:10
to
36:10
fix
36:11
Mom.
36:12
You've
36:12
done
36:12
a
36:13
lot.
36:13
The
36:13
fact
36:14
that
36:14
you
36:14
see
36:14
all
36:14
this
36:14
at
36:14
age
36:15
16
36:15
is
36:15
really
36:15
impressive
36:16
to
36:16
me.
36:16
But
36:17
your
36:17
goal
36:17
needs
36:17
to
36:17
be,
36:18
how
36:18
do
36:18
I
36:18
protect
36:18
my
36:18
future?
36:19
And
36:20
here's
36:20
where
36:20
we're
36:20
going
36:20
to
36:20
identify
36:21
timing
36:22
at
36:22
16.
36:22
Your
36:23
preparation
36:23
needs
36:24
to
36:24
start
36:24
now.
36:25
And
36:25
I
36:25
don't
36:25
disagree
36:26
with
36:26
you
36:26
when
36:26
you
36:26
say,
36:27
I
36:27
got
36:27
to
36:27
get
36:27
out
36:28
of
36:28
here.
36:28
I
36:29
think
36:29
having
36:29
an
36:29
independence
36:30
plan
36:30
is
36:30
a
36:31
really
36:31
smart
36:32
thing
36:32
to
36:32
do,
36:33
because
36:33
unfortunately,
36:34
unless
36:34
your
36:35
mom
36:35
changes
36:35
the
36:35
way
36:36
she
36:36
looks
36:36
at
36:36
life,
36:37
these
36:37
habits
36:37
aren't
36:38
going
36:38
to
36:38
change.
36:38
You
36:38
can't
36:39
change
36:39
them
36:39
for
36:40
her.
36:40
So
36:40
you've
36:41
got
36:41
to
36:41
start
36:41
realizing
36:42
that
36:42
at
36:43
18,
36:43
when
36:43
you
36:44
can
36:44
move
36:44
out,
36:45
you
36:45
need
36:45
to
36:46
start
36:46
thinking
36:46
about
36:46
building
36:47
an
36:47
independence
36:47
plan.
36:48
Now,
36:49
I'm
36:49
not
36:49
saying
36:49
to
36:49
Go
36:49
do
36:49
that
36:50
right
36:50
now.
36:50
And
36:50
I'm
36:50
not
36:51
saying
36:51
as
36:51
soon
36:51
as
36:51
you
36:51
turn
36:52
18,
36:52
this
36:52
is
36:52
the
36:52
thing
36:53
to
36:53
do.
36:54
But
36:54
I
36:54
think
36:54
what
36:54
you're
36:55
seeing
36:55
here
36:55
are
36:55
some
36:56
big
36:56
red
36:56
flag
36:56
warning
36:57
signs.
36:58
So
36:58
your
36:58
independence
36:59
needs
36:59
to
36:59
come
37:00
as
37:00
soon
37:00
as
37:00
it's
37:01
wise
37:01
and
37:01
it's
37:02
possible.
37:03
So
37:03
let's
37:03
talk
37:03
about
37:04
how
37:04
do
37:04
you
37:04
do
37:04
that?
37:04
Let's
37:05
talk
37:05
about
37:05
some
37:05
real
37:05
brainstorm
37:06
things
37:07
when
37:07
we
37:07
think
37:07
about
37:07
options.
37:09
One
37:09
of
37:09
the
37:09
things
37:09
that
37:09
I
37:10
would
37:10
recommend
37:10
that
37:10
you
37:11
do,
37:11
and
37:11
you
37:11
didn't
37:11
mention
37:11
whether
37:11
you
37:12
did
37:12
this
37:12
or
37:12
not,
37:12
I
37:13
think
37:13
it's
37:13
time
37:13
to
37:13
get
37:13
a
37:13
job.
37:14
Now,
37:15
I
37:15
will
37:15
tell
37:15
you,
37:15
when
37:16
I
37:16
raised
37:16
two
37:16
boys,
37:16
my
37:17
boys
37:17
are
37:17
24
37:17
and
37:18
28.
37:19
I
37:19
always
37:19
encourage
37:20
them
37:20
not
37:20
to
37:20
work
37:21
while
37:21
they
37:21
were
37:21
in
37:21
high
37:21
school.
37:22
I'm
37:22
saying
37:22
at
37:22
16,
37:23
you're
37:23
in
37:23
high
37:23
school,
37:25
but
37:26
it
37:26
might
37:26
be
37:26
a
37:26
good
37:27
idea
37:27
for
37:27
you
37:27
to
37:27
get
37:27
a
37:28
job
37:28
on
37:28
the
37:28
evenings
37:29
or
37:29
the
37:29
weekends
37:29
or
37:30
something
37:30
like
37:30
that
37:30
so
37:30
you
37:31
can
37:31
start
37:31
to
37:31
build
37:32
some
37:32
money
37:32
for
37:32
yourself.
37:32
Now
37:32
here's
37:33
the
37:33
thing.
37:33
Don't
37:33
get
37:33
yourself
37:34
trapped
37:34
in
37:34
supporting
37:35
mom.
37:35
That's
37:36
not
37:36
your
37:36
job.
37:37
That's
37:37
not
37:37
your
37:38
role.
37:39
If
37:39
you
37:39
do
37:39
get
37:39
a
37:40
job,
37:40
open
37:40
up
37:40
a
37:41
savings
37:41
account
37:42
and
37:42
start
37:42
putting
37:43
money
37:43
aside
37:43
so
37:43
that
37:44
you
37:44
can
37:44
build
37:44
that
37:44
independence
37:45
plan
37:46
so
37:46
that
37:46
when
37:46
you
37:46
make
37:46
the
37:47
decision,
37:47
I
37:47
got
37:47
to
37:48
get
37:48
out
37:48
of
37:48
this
37:48
crazy
37:49
house,
37:49
that
37:49
you
37:50
have
37:50
some
37:50
money
37:50
set
37:50
aside
37:51
to
37:51
do
37:51
that,
37:52
look
37:52
for
37:53
some
37:53
trusted
37:53
adults,
37:54
maybe
37:55
reach
37:55
out
37:55
to
37:55
your
37:55
grandparents,
37:56
maybe
37:56
the
37:56
ones
37:57
that
37:57
are
37:57
funding
37:57
this,
37:57
you
37:57
might
37:58
want
37:58
to
37:58
go
37:58
alongside
37:59
them
37:59
and
37:59
say,
37:59
hey,
37:59
Grandma
38:00
and
38:00
Grandpop,
38:00
you
38:00
know,
38:01
can
38:01
you,
38:01
can
38:01
you
38:01
help
38:02
me
38:02
understand
38:02
how
38:02
I
38:03
can
38:03
get
38:03
out
38:03
of
38:03
this?
38:04
Or
38:04
maybe
38:05
that's
38:05
not
38:05
in
38:05
your
38:05
family,
38:06
maybe
38:06
at
38:06
your
38:06
church
38:07
or
38:07
some
38:07
other
38:07
trusted
38:08
person,
38:08
you
38:08
can,
38:09
you
38:09
can
38:09
find
38:09
a
38:10
trusted
38:10
adult.
38:10
But
38:10
I
38:11
think
38:11
you're
38:11
going
38:11
to
38:11
need
38:11
to
38:12
get
38:12
some
38:12
support
38:12
here.
38:13
You're
38:13
in
38:13
a
38:14
really
38:14
tough
38:15
situation.
38:16
You
38:16
are
38:16
being
38:17
put
38:17
into
38:17
an
38:18
emotional
38:18
and
38:19
financial
38:19
situation
38:20
at
38:20
16
38:21
that
38:21
unfortunately
38:21
I'm
38:22
going
38:22
to
38:22
tell
38:22
you
38:22
right
38:22
now,
38:22
is
38:22
going
38:23
to
38:23
impact
38:23
you
38:23
the
38:23
rest
38:23
of
38:24
your
38:24
life
38:24
unless
38:24
you
38:24
get
38:25
some
38:25
support
38:25
and
38:26
really
38:26
understand
38:27
what
38:27
you
38:27
can
38:28
do
38:28
and
38:28
what
38:28
you
38:28
can't
38:29
do.
38:29
The
38:30
other
38:30
thing
38:30
I
38:30
really
38:30
love
38:31
about
38:31
your
38:31
situation
38:32
though,
38:32
is
38:32
this
38:33
is
38:33
going
38:33
to
38:33
allow
38:33
you
38:34
to
38:34
learn
38:34
money
38:34
skills
38:35
early.
38:36
One
38:36
of
38:36
the
38:36
things
38:36
that
38:36
I
38:36
see
38:37
all
38:37
around
38:37
us
38:37
with
38:38
young
38:38
people,
38:38
again
38:39
I'm
38:39
using
38:39
that
38:39
term
38:39
young
38:40
people,
38:40
but
38:41
when
38:41
young
38:41
people
38:41
is
38:42
a
38:42
lot
38:42
of
38:42
them
38:42
don't
38:42
have
38:43
good
38:43
money
38:43
skills.
38:44
And
38:44
in
38:44
your
38:45
situation,
38:45
I
38:45
can
38:45
understand
38:46
why
38:46
you
38:46
never
38:47
learned
38:47
those.
38:47
Your
38:47
mom
38:48
doesn't
38:48
have
38:48
good
38:48
money
38:48
skills.
38:49
So
38:50
how
38:50
in
38:50
the
38:50
world
38:50
would
38:51
you
38:51
have
38:51
good
38:51
money
38:51
skills
38:52
if
38:52
you
38:52
not
38:53
learn
38:53
those
38:53
if
38:53
they
38:54
weren't
38:54
modeled
38:55
around
38:55
you.
38:57
So
38:57
that's
38:57
what
38:57
you
38:57
got
38:58
to
38:58
think
38:58
about.
38:58
What
38:58
can
38:58
you
38:58
do
38:59
but
38:59
have
38:59
that
38:59
plan?
39:00
Now,
39:00
here's
39:01
what
39:01
I
39:01
think
39:01
your
39:01
plan
39:01
needs
39:01
to
39:02
be.
39:02
Number
39:02
one
39:02
thing
39:03
you've
39:03
got
39:03
to
39:03
do
39:03
is
39:03
start
39:04
saving.
39:05
Don't
39:05
give
39:05
your
39:05
mom
39:06
access
39:06
to
39:06
your
39:06
account.
39:07
Set
39:07
up
39:07
a
39:07
separate
39:07
Savings
39:08
account
39:09
at
39:09
16.
39:09
I
39:10
think
39:10
you
39:10
can
39:10
pretty
39:10
much
39:11
do
39:11
that
39:11
pretty
39:11
much
39:11
anywhere.
39:12
Set
39:12
up
39:12
your
39:12
own
39:12
savings
39:13
account.
39:13
Put,
39:13
put
39:13
that
39:14
money
39:14
aside.
39:14
This
39:15
is
39:15
a
39:15
great
39:15
time
39:16
to
39:16
learn.
39:16
This
39:16
is
39:16
a
39:17
great
39:17
time
39:17
to
39:17
understand
39:18
what
39:18
finances
39:19
look
39:19
like,
39:19
join
39:20
shows
39:20
like
39:20
this,
39:21
go
39:21
on
39:21
YouTube,
39:22
go
39:22
on
39:23
podcasts
39:23
and
39:23
go
39:24
think
39:24
about,
39:24
listen
39:25
and
39:25
learn
39:25
about
39:25
the
39:25
different
39:26
things
39:26
you
39:26
can
39:26
do.
39:27
Prepare
39:28
yourself
39:29
and
39:29
build
39:30
a
39:30
path
39:30
out.
39:31
Like
39:31
I
39:31
said,
39:31
I'm
39:32
not
39:32
telling
39:32
you
39:32
to
39:32
walk
39:33
away
39:33
from
39:33
your
39:33
mom.
39:33
It's
39:34
definitely
39:34
not
39:34
time
39:34
to
39:34
do
39:34
that
39:35
at
39:35
age
39:35
16,
39:36
but
39:37
it's
39:37
time
39:37
to
39:38
start
39:38
thinking
39:38
about
39:39
what
39:39
is
39:39
my
39:39
path
39:40
out
39:40
of
39:40
this.
39:41
Because
39:41
you
39:41
recognize
39:42
this
39:42
pattern
39:43
is
39:43
not
39:43
going
39:44
to
39:44
be
39:44
good
39:44
for
39:44
you
39:44
long
39:45
term.
39:46
But
39:46
let's
39:46
talk
39:46
about
39:47
faith
39:47
and
39:47
surrender,
39:48
because
39:48
I
39:49
really
39:49
want
39:49
to
39:49
dig
39:49
in
39:49
here
39:50
for
39:50
a
39:50
second,
39:51
and
39:51
I'm
39:51
going
39:52
to
39:52
say
39:52
something
39:52
rather
39:53
bold.
39:54
Loving
39:54
someone
39:55
doesn't
39:55
mean
39:56
drowning
39:56
with
39:56
them.
39:58
And
39:58
I
39:58
want
39:58
to
39:59
say
39:59
that
39:59
again.
40:00
Just
40:01
because
40:01
you
40:01
love
40:01
somebody
40:03
doesn't
40:03
mean
40:03
you
40:03
have
40:04
to
40:04
drown
40:04
with
40:04
them.
40:06
Now,
40:06
I
40:06
know
40:06
you
40:06
might
40:07
be
40:07
saying,
40:07
but
40:07
it's
40:07
Mom.
40:08
I
40:08
get
40:08
it.
40:09
That's
40:10
tough.
40:11
But
40:11
you
40:11
don't
40:11
have
40:12
to
40:12
drown
40:12
with
40:12
them.
40:13
And
40:14
the
40:14
good
40:14
news
40:14
about
40:14
this,
40:15
as
40:15
I
40:15
talk
40:15
about
40:15
my
40:15
framework,
40:16
is
40:16
understanding
40:17
progress.
40:18
You
40:18
already
40:18
see
40:19
a
40:19
pattern
40:19
here.
40:20
You
40:20
already
40:21
recognize
40:21
that
40:22
something
40:22
is
40:22
not
40:22
right
40:23
here.
40:23
There's
40:23
something
40:24
broken
40:24
here.
40:26
When
40:26
you
40:26
see
40:26
that
40:27
pattern,
40:28
that,
40:28
to
40:28
me,
40:28
you've
40:29
got
40:29
huge
40:30
stars
40:31
in
40:31
my
40:31
book.
40:31
You've
40:31
got
40:32
a
40:32
huge
40:32
amount
40:32
of
40:33
maturity
40:33
for
40:33
16
40:34
because
40:34
you
40:34
already
40:34
see
40:35
that
40:35
something's
40:35
not
40:36
right
40:36
here.
40:37
But
40:37
then
40:37
don't
40:38
forget
40:38
about
40:38
this.
40:38
You
40:38
got
40:38
to
40:39
start
40:39
looking
40:39
ahead.
40:40
Your
40:40
next
40:41
step
40:41
is
40:42
building
40:42
your
40:42
own
40:43
foundation.
40:44
And
40:44
I
40:44
am
40:45
very.
40:45
I
40:45
have
40:45
empathy
40:45
for
40:46
you.
40:46
I'm
40:46
sorry
40:46
that
40:47
you're
40:47
in
40:47
a
40:47
situation
40:47
that
40:48
you're
40:48
in.
40:49
It's
40:49
very
40:49
clear
40:50
to
40:50
me
40:50
that
40:51
I
40:51
don't
40:51
want.
40:51
I
40:51
don't
40:51
like
40:51
to
40:51
use
40:52
the
40:52
word
40:52
abuse,
40:52
but
40:53
you're
40:53
living
40:53
in
40:53
an
40:53
abusive
40:54
situation,
40:55
neglect,
40:57
you
40:57
know,
40:57
your
40:57
mother
40:58
is
40:58
putting
40:58
stuff
40:58
on
40:59
you
40:59
that
40:59
she
40:59
shouldn't
40:59
be
41:00
putting
41:00
on
41:00
you.
41:01
So
41:01
you
41:01
just
41:02
got
41:02
to
41:02
think,
41:02
I
41:02
got
41:02
to
41:03
put
41:03
that
41:03
to
41:03
the
41:03
side
41:03
and
41:03
I
41:03
got
41:04
to
41:04
start
41:04
building
41:04
my
41:04
own
41:05
foundation.
41:06
Now,
41:07
I
41:07
know
41:07
some
41:07
of
41:07
us
41:07
are
41:07
not
41:08
16
41:08
anymore,
41:09
but
41:10
we
41:10
may
41:10
still
41:10
be
41:10
dealing
41:11
with
41:11
someone
41:12
who
41:12
we
41:12
love
41:12
right?
41:12
Now,
41:13
who
41:13
resists
41:13
help?
41:14
And
41:15
I'm
41:15
just
41:15
going
41:15
to
41:15
say
41:15
in
41:15
the
41:16
chat,
41:16
if
41:16
you
41:16
want
41:16
to
41:16
volunteer,
41:17
if
41:17
you
41:17
wanted
41:17
to
41:17
come
41:18
up
41:18
and
41:18
talk
41:18
about
41:18
a
41:19
situation
41:19
like
41:19
that
41:20
somewhere
41:20
that
41:20
you've
41:20
been
41:20
in
41:21
that
41:21
same
41:21
situation,
41:22
you're
41:22
welcome
41:22
to
41:23
talk
41:23
about
41:23
that
41:23
here,
41:23
too.
41:23
Or
41:24
if
41:24
you
41:24
want
41:24
to
41:24
send
41:24
me
41:24
a
41:24
message,
41:25
that's
41:25
fine.
41:26
I'm
41:26
happy
41:26
to
41:26
help
41:26
you
41:27
in
41:27
those
41:27
situations.
41:28
But
41:28
this
41:29
is
41:29
a
41:29
tough
41:29
situation.
41:30
And,
41:31
you
41:31
know,
41:31
we
41:31
all
41:32
know
41:32
these
41:32
people
41:33
that
41:33
we
41:33
try
41:33
to
41:33
help
41:33
them.
41:34
We
41:34
try
41:34
to
41:34
just
41:35
don't
41:35
drown
41:35
with
41:36
them.
41:36
I
41:36
guess
41:36
that's
41:36
my
41:36
big
41:37
takeaway
41:37
for
41:37
this
41:37
question
41:38
is,
41:38
you
41:38
know,
41:39
they
41:39
might
41:39
resist
41:39
the
41:40
help,
41:41
but
41:41
don't
41:41
drown
41:41
with
41:42
them.
41:42
You
41:42
don't
41:42
have
41:42
to
41:42
go
41:42
down
41:43
with
41:43
their
41:43
ship.
41:45
All
41:46
right,
41:46
well,
41:46
let's
41:46
move
41:46
on
41:46
to
41:47
our
41:47
next
41:48
question.
41:49
And
41:49
this
41:49
question
41:50
is
41:50
a
41:50
question
41:50
about
41:51
salary.
41:52
So
41:53
let's
41:53
jump
41:53
right
41:53
into
41:53
this.
41:54
I'm
41:54
just
41:54
checking
41:54
the
41:54
chat,
41:55
make
41:55
sure
41:55
nobody
41:55
wanted
41:56
to
41:56
contribute,
41:56
which
41:57
is
41:57
cool.
41:57
But
41:57
let's
41:57
move
41:58
on
41:58
to
41:58
our
41:58
next
41:58
question.
41:59
And
42:00
this
42:00
question
42:00
says
42:01
this.
42:01
It
42:01
says,
42:01
I
42:01
went
42:02
from
42:02
$105,000
42:03
salary
42:04
to
42:04
with
42:04
a
42:05
$30,000
42:06
bonus.
42:07
That's
42:07
pretty
42:07
good,
42:07
I
42:07
think,
42:08
to
42:08
$210,000
42:10
salary
42:11
with
42:11
$100,000
42:12
bonus.
42:12
Man,
42:13
I
42:13
got
42:13
to
42:13
get
42:13
a
42:13
job
42:13
where
42:14
this
42:14
person's
42:14
working,
42:15
plus
42:15
roughly
42:15
$60,000
42:17
in
42:17
RSUs.
42:18
Now,
42:18
I'm
42:18
going
42:18
to
42:18
take
42:18
a
42:19
break
42:19
here
42:19
and
42:19
say
42:19
what
42:19
an
42:19
RSU
42:20
is.
42:20
An
42:21
RSU
42:21
is
42:21
a
42:22
restricted
42:22
stock
42:23
unit.
42:23
So
42:23
what
42:24
they're
42:24
basically
42:24
telling
42:25
us
42:25
here
42:25
is
42:25
they
42:26
got
42:26
a
42:26
big
42:26
raise,
42:27
they
42:27
got
42:27
a
42:27
big
42:27
bonus
42:28
option,
42:28
plus
42:29
their
42:29
employer
42:30
is
42:30
giving
42:30
them
42:30
stock
42:31
options
42:32
and
42:32
a
42:32
$30,000
42:33
relocation
42:34
package.
42:35
Man,
42:35
where
42:35
do
42:35
I
42:35
sign
42:36
up?
42:36
This
42:36
is
42:36
a
42:36
great
42:36
deal.
42:37
But
42:37
they
42:37
continue
42:38
on.
42:38
I
42:39
have
42:39
four
42:39
kids.
42:40
My
42:40
spouse
42:41
stays
42:41
home.
42:41
We
42:41
have
42:42
zero
42:42
credit
42:42
card
42:43
debt.
42:43
Both
42:44
cars
42:44
are
42:44
paid
42:44
off.
42:45
I
42:45
was
42:45
raised
42:46
poor
42:47
and
42:47
never
42:47
taught
42:48
about
42:48
finances.
42:50
Kind
42:50
of
42:50
goes
42:50
along
42:51
what
42:51
we
42:51
just
42:51
talked
42:51
about
42:51
with
42:51
the
42:52
last
42:52
question.
42:53
So
42:53
they
42:53
asked
42:53
me
42:53
this
42:54
question.
42:55
How
42:55
do
42:55
I
42:55
turn
42:55
this
42:56
into
42:56
generational
42:57
wealth?
42:58
How
42:58
do
42:59
I
42:59
not
42:59
miss
42:59
this
43:00
golden
43:00
opportunity?
43:02
What
43:02
a
43:03
great
43:03
question,
43:05
honestly.
43:06
And
43:06
the
43:06
truth
43:06
is,
43:06
you're
43:06
in
43:06
a
43:06
really
43:07
good
43:07
position.
43:07
But
43:07
it's
43:08
very
43:08
cool
43:08
when
43:08
I
43:08
think
43:08
about
43:08
this.
43:09
You
43:09
got
43:09
a
43:09
great
43:10
earning.
43:10
You
43:11
got
43:11
a
43:11
wife
43:11
that
43:11
stays
43:12
home.
43:12
You
43:12
got
43:12
four
43:12
kids.
43:12
You
43:13
got
43:13
zero
43:13
credit
43:14
card
43:14
debt.
43:14
Your
43:14
cars
43:14
are
43:15
paid
43:15
off.
43:15
You're
43:16
in
43:16
really
43:16
good
43:16
shape.
43:17
But
43:17
let's
43:18
get
43:18
into
43:18
Scripture,
43:19
and
43:19
we're
43:19
going
43:20
to
43:20
go
43:20
to
43:20
the
43:20
Book
43:20
of
43:20
Luke,
43:21
chapter
43:21
12,
43:22
verse
43:22
48.
43:22
It
43:22
says,
43:23
but
43:23
the
43:23
one
43:23
who
43:24
does
43:24
not
43:24
know
43:24
and
43:25
does
43:25
things
43:25
deserving
43:26
punishment
43:27
will
43:27
be
43:27
beaten
43:28
with
43:28
few
43:28
blows
43:29
for
43:29
everyone
43:29
who
43:30
has
43:30
been
43:30
given
43:30
much,
43:31
much
43:31
will
43:32
be
43:32
demanded.
43:33
And
43:33
from
43:33
the
43:34
one
43:34
who
43:34
has
43:34
been
43:34
entrusted
43:35
with
43:35
much,
43:36
much
43:36
more
43:36
will
43:37
be
43:37
asked.
43:38
And
43:38
you
43:38
probably
43:39
heard
43:39
that
43:40
through
43:40
your
43:40
life,
43:41
maybe
43:41
not
43:41
even
43:41
from
43:41
scriptures.
43:42
People
43:42
say,
43:42
well,
43:42
you
43:42
know,
43:43
to
43:43
whom
43:43
much
43:43
is
43:43
given,
43:43
much
43:44
is
43:44
expected.
43:45
But
43:45
it's
43:45
biblical.
43:46
You
43:46
can
43:46
go
43:46
check
43:46
that
43:46
out.
43:47
Whenever
43:47
I
43:47
talk
43:47
about
43:47
the
43:47
Bible,
43:48
I'm
43:48
going
43:48
to
43:48
encourage
43:48
you.
43:48
Go
43:49
check
43:49
it.
43:49
Luke
43:50
12:48.
43:51
You
43:51
can
43:51
see
43:51
that
43:51
in
43:51
our
43:51
show
43:51
notes
43:52
when
43:52
we
43:52
republish
43:52
this.
43:54
But
43:54
I
43:54
really
43:54
believe
43:54
there's
43:55
some.
43:56
That's
43:56
what
43:56
you're
43:56
feeling
43:56
here.
43:57
So
43:58
let's
43:58
get
43:58
right
43:58
into
43:58
the
43:58
framework.
43:59
The
43:59
first
44:00
thing
44:00
I
44:00
would
44:00
say
44:00
is
44:01
face
44:01
the
44:01
reality.
44:02
The
44:02
reality
44:03
for
44:03
you
44:03
is
44:03
this
44:04
is
44:04
a
44:04
blessing.
44:05
This
44:05
is
44:06
a
44:06
huge
44:07
blessing.
44:08
You
44:09
are
44:09
in
44:09
a
44:09
fantastic
44:10
situation.
44:12
But
44:12
I
44:13
love
44:13
the
44:13
other
44:13
side
44:13
of
44:13
this.
44:14
You
44:14
also
44:14
have
44:14
a
44:14
responsibility,
44:15
because
44:16
you
44:16
said
44:16
to
44:16
me,
44:17
I've
44:17
got
44:17
four
44:17
children.
44:18
I
44:18
have
44:18
a
44:18
wife
44:19
that
44:19
stays
44:19
home.
44:20
So
44:20
you've
44:20
already
44:20
realized.
44:21
I'm
44:21
in
44:21
a
44:21
great
44:21
shape,
44:22
Ralph,
44:22
but
44:22
I
44:22
don't
44:22
want
44:23
to
44:23
mess
44:23
this
44:23
up.
44:24
I
44:24
want
44:24
to
44:24
think
44:24
about.
44:25
You
44:25
used
44:25
the
44:25
word
44:26
generational
44:26
wealth.
44:27
What
44:27
you're
44:27
saying
44:28
to
44:28
me
44:28
is
44:29
you
44:29
want
44:29
to
44:29
make
44:29
sure
44:29
you
44:30
provide
44:30
for
44:30
your
44:30
children.
44:31
And
44:31
there's
44:32
the
44:32
Bible
44:32
verse
44:32
about,
44:32
you
44:32
know,
44:33
you
44:33
take
44:33
care
44:33
of
44:33
your
44:33
children's
44:34
children.
44:34
So
44:34
you're
44:35
already
44:35
thinking
44:35
through
44:35
that.
44:36
You
44:36
don't
44:36
want
44:36
to
44:36
just
44:36
squander
44:37
this
44:37
away
44:37
and
44:37
go
44:38
buy
44:38
a
44:38
new
44:38
Mercedes
44:39
and
44:39
go
44:39
buy
44:39
a
44:40
beach
44:40
house
44:40
and
44:40
be.
44:40
You've
44:41
already
44:41
started
44:41
thinking,
44:42
like,
44:42
wait
44:42
a
44:42
minute,
44:42
there's
44:43
something
44:43
I
44:43
can
44:43
do
44:43
about
44:44
building
44:44
responsibility.
44:45
So
44:45
you
44:45
see
44:45
this
44:45
as
44:45
a
44:46
blessing,
44:46
and
44:46
you
44:47
see
44:47
this
44:47
as
44:47
a
44:47
responsibility.
44:49
So
44:49
your
44:49
aim
44:50
here,
44:50
your
44:50
goal.
44:50
When
44:50
I
44:51
say
44:51
aim,
44:51
clearly
44:52
the
44:52
goal
44:52
here
44:53
is
44:53
not
44:53
lifestyle
44:54
inflation.
44:54
It'd
44:54
be
44:54
really
44:55
simple
44:55
for.
44:55
And
44:55
listen,
44:56
most
44:56
of
44:56
us
44:56
will
44:56
be
44:57
tempted
44:57
to
44:57
do
44:57
that,
44:57
wouldn't
44:58
we?
44:58
If
44:59
we
44:59
got
44:59
$100,000
45:00
raise,
45:01
we'd
45:01
be
45:01
thinking,
45:01
hmm,
45:02
well,
45:02
I
45:03
could
45:03
certainly
45:03
upsize
45:03
this
45:04
car.
45:04
I
45:04
don't
45:04
have
45:04
any
45:04
car
45:05
payments,
45:05
but,
45:05
man,
45:05
I
45:05
can
45:06
go
45:06
get
45:06
a
45:06
new
45:06
one.
45:06
I'm
45:06
making
45:07
big
45:07
money
45:07
now.
45:08
You
45:08
might
45:08
think
45:08
it's
45:09
time
45:09
to
45:09
buy
45:09
a
45:09
vacation
45:10
house,
45:10
time
45:11
to
45:11
buy
45:11
some
45:11
better
45:12
clothes
45:12
or
45:13
some
45:13
jewelry
45:13
or
45:13
anything
45:14
like
45:14
that.
45:14
It's
45:15
real
45:15
easy
45:15
to
45:15
fall
45:16
into
45:16
that
45:16
trap
45:17
of
45:17
lifestyle
45:17
inflation.
45:19
But
45:19
I
45:19
love
45:19
the
45:19
fact
45:20
that
45:20
you're
45:20
thinking
45:20
differently.
45:21
Your
45:21
goal
45:21
is
45:21
legacy.
45:22
So
45:23
that's
45:23
what
45:23
we
45:23
really
45:23
need
45:23
to
45:24
key
45:24
in
45:24
on
45:24
here.
45:24
The
45:24
plan
45:25
that
45:25
you
45:25
want
45:25
to
45:25
make
45:26
is
45:26
about
45:26
legacy,
45:27
but
45:28
let's
45:28
talk
45:28
about
45:28
timing
45:29
for
45:29
that.
45:29
In
45:30
my
45:30
framework,
45:30
I
45:30
talk
45:30
about
45:31
identifying
45:32
timing.
45:33
The
45:33
first
45:33
years
45:34
matter.
45:35
So
45:35
slow
45:35
down.
45:36
You
45:37
don't
45:37
have
45:37
to
45:37
make
45:37
any
45:38
big
45:38
decision
45:38
right
45:39
now.
45:39
You've
45:40
got
45:40
a
45:40
nice
45:40
salary
45:41
coming
45:41
in,
45:41
you
45:42
don't
45:42
have
45:42
any
45:42
debt.
45:43
So
45:43
let's
45:43
talk
45:44
about
45:44
what
45:44
you
45:44
can
45:44
do.
45:44
Let's
45:45
think
45:45
of
45:45
the
45:45
options.
45:46
First
45:46
thing
45:46
I
45:47
would
45:47
do,
45:47
you
45:47
haven't
45:47
mentioned
45:48
this.
45:48
I
45:48
suspect
45:48
you
45:49
probably
45:49
already
45:49
have.
45:49
This
45:50
was
45:50
to
45:51
build
45:51
a
45:51
robust
45:52
emergency
45:53
fund.
45:53
One
45:54
of
45:54
the
45:54
things
45:54
you
45:54
did
45:54
say
45:55
is
45:55
you
45:55
work
45:55
for
45:55
somebody,
45:56
if
45:56
you
45:57
work
45:57
for
45:57
somebody,
45:57
that
45:58
business
45:58
can
45:58
close
45:59
down,
45:59
they
45:59
can
45:59
go
46:00
through
46:00
an
46:00
economic
46:00
downturn,
46:01
they
46:01
might
46:02
decide
46:02
they
46:02
don't
46:02
like
46:02
you
46:03
anymore
46:03
and
46:03
out
46:03
the
46:04
door
46:04
you
46:04
go.
46:05
So
46:05
the
46:05
number
46:06
one
46:06
thing
46:06
I
46:06
would
46:06
do,
46:06
and
46:07
as
46:07
your
46:07
income
46:08
increases,
46:09
I
46:09
actually
46:09
think
46:10
this
46:10
is
46:10
more
46:10
and
46:10
more
46:11
important,
46:12
expand
46:13
that
46:13
emergency
46:13
fund.
46:14
I
46:15
am
46:15
a
46:15
firm
46:15
believer
46:16
in
46:16
having
46:16
three
46:17
to
46:17
six
46:17
months
46:17
worth
46:18
of
46:18
net
46:18
take
46:18
home
46:19
pay
46:19
in
46:20
an
46:20
account.
46:20
In
46:21
your
46:21
situation,
46:22
I
46:22
might
46:22
try
46:22
to
46:23
push
46:23
that
46:23
out
46:23
to
46:23
12
46:23
to
46:24
18
46:24
months.
46:24
Especially
46:25
if
46:25
you've
46:25
got
46:25
the
46:25
money.
46:25
If
46:26
the
46:26
money's
46:26
going
46:26
to
46:26
sit
46:26
on
46:27
the
46:27
sideline
46:27
anyway,
46:28
build
46:28
that
46:28
up.
46:29
The
46:29
next
46:29
thing
46:30
I'm
46:30
going
46:30
to
46:30
encourage
46:30
you
46:30
to
46:30
do,
46:30
and
46:31
you
46:31
didn't
46:31
mention
46:31
this,
46:32
is
46:32
what
46:32
does
46:32
your
46:33
retirement
46:33
savings
46:34
look
46:34
like?
46:34
Are
46:35
you
46:35
maxing
46:35
out
46:35
your
46:35
401k?
46:37
Are
46:37
you
46:37
putting
46:37
money
46:38
into
46:38
other
46:39
investment
46:39
options?
46:40
That's
46:40
a
46:41
huge
46:41
thing.
46:41
Another
46:42
thing
46:42
you
46:42
want
46:42
to
46:42
consider
46:43
is
46:44
tax
46:44
planning.
46:45
A
46:46
lot
46:46
of
46:46
people
46:46
don't
46:46
think
46:46
about
46:46
tax
46:47
planning
46:47
and
46:47
I
46:47
do
46:47
taxes
46:48
every
46:48
day.
46:49
But
46:49
one
46:49
of
46:49
the
46:49
things
46:49
I'd
46:50
be
46:50
thinking
46:50
about
46:50
right
46:50
now
46:51
is
46:52
tax
46:52
planning.
46:52
It's
46:53
one
46:53
thing
46:53
to
46:53
prepare
46:54
your
46:54
taxes
46:54
after
46:54
the
46:55
fact.
46:55
There's
46:55
not
46:55
a
46:55
lot
46:55
of
46:55
value
46:56
in
46:56
that,
46:56
to
46:56
be
46:56
honest.
46:57
The
46:57
value
46:57
is
46:58
in
46:58
tax
46:58
planning.
46:59
And
46:59
you're
46:59
getting
47:00
into
47:00
a
47:00
situation
47:01
where
47:01
you're
47:01
going
47:01
to
47:01
need
47:02
some
47:02
tax
47:02
planning
47:03
as
47:03
your
47:03
income
47:04
goes
47:04
up.
47:04
There's
47:05
limitations
47:05
on
47:05
credits,
47:06
there's
47:06
limitations
47:07
on
47:07
deductions,
47:08
there's.
47:08
And
47:09
with
47:09
those
47:09
RSUs
47:10
you
47:10
talked
47:11
about,
47:11
there
47:11
are
47:12
issues
47:12
related
47:13
to
47:13
long
47:13
term
47:14
capital
47:14
gains.
47:15
This
47:15
is
47:15
a
47:15
great
47:15
time
47:16
to
47:16
sit
47:16
down
47:17
with
47:17
a
47:17
qualified
47:18
accountant,
47:18
with
47:19
somebody
47:19
who
47:19
does
47:19
this
47:20
type
47:20
of
47:20
work
47:20
and
47:21
actually
47:21
put
47:21
together
47:22
a
47:22
tax
47:22
plan.
47:23
Not
47:23
just
47:24
think
47:24
about,
47:24
hey,
47:24
can
47:24
you
47:25
do
47:25
my
47:25
taxes
47:25
afterward?
47:26
That's
47:27
really
47:27
important.
47:29
Another
47:29
thing
47:29
I
47:29
want
47:29
to
47:30
encourage
47:30
you
47:30
to
47:30
do
47:30
is
47:31
think
47:31
about
47:31
college
47:32
planning.
47:32
You
47:32
said
47:32
you
47:32
have
47:32
four
47:33
children.
47:33
I
47:34
don't
47:34
know
47:34
what
47:34
their
47:34
ages
47:35
are
47:35
because
47:35
you
47:35
didn't
47:35
share
47:35
that.
47:36
But
47:36
this
47:36
is
47:36
a
47:36
great
47:36
time
47:37
to
47:37
start
47:37
putting
47:38
some
47:38
money
47:38
away.
47:38
We
47:38
call
47:38
squirrel
47:39
it
47:39
away
47:39
for
47:39
college
47:40
planning.
47:40
Maybe
47:41
set
47:41
up
47:41
some
47:41
529
47:42
plans.
47:42
Maybe
47:42
your
47:42
kids
47:43
are
47:43
young.
47:43
It's
47:44
a
47:44
great
47:44
time
47:44
to
47:44
think
47:45
about
47:45
doing
47:45
that.
47:46
Another
47:46
thing
47:46
I
47:46
would
47:47
encourage
47:47
you
47:47
to
47:47
do
47:48
is
47:48
sit
47:48
down
47:48
with
47:49
an
47:49
estate
47:49
planning
47:50
attorney.
47:51
As
47:51
your
47:51
wealth
47:52
increases,
47:53
the
47:54
options
47:54
that
47:54
you
47:54
have
47:55
increase
47:55
as
47:55
well.
47:56
I'm
47:56
amazed
47:57
how
47:57
many
47:57
people
47:57
I
47:58
work
47:58
with
47:58
every
47:59
day
47:59
that
48:00
don't
48:00
have
48:00
a
48:00
will,
48:01
they
48:01
don't
48:02
have
48:02
any
48:02
medical
48:03
directives,
48:03
they
48:04
don't
48:04
have
48:04
any
48:04
planning
48:04
documents
48:05
at
48:05
all.
48:06
Start
48:07
there.
48:08
Go
48:08
do
48:08
that.
48:09
Now.
48:09
Here's
48:09
one
48:10
thing
48:10
you
48:10
probably
48:10
weren't
48:10
expecting
48:11
me
48:11
to
48:11
say.
48:11
Another
48:12
thing
48:12
I
48:12
think
48:12
you
48:12
should
48:13
do
48:13
is
48:13
consider
48:14
generosity.
48:15
I'm
48:16
a
48:16
faith
48:16
guy.
48:17
I
48:17
believe
48:17
in
48:18
tithing.
48:18
I
48:18
believe
48:18
in
48:18
giving
48:19
back.
48:20
If
48:20
you
48:20
are
48:21
truly
48:21
this
48:21
blessed
48:21
and
48:22
as
48:22
clear
48:22
as
48:22
you
48:22
are,
48:22
I
48:22
mean,
48:22
you're
48:23
in
48:23
fantastic
48:23
shape,
48:24
how
48:24
can
48:25
you
48:25
help
48:25
other
48:25
people
48:25
with
48:26
that?
48:27
How
48:27
can
48:27
you
48:27
give
48:28
back
48:28
some
48:28
of
48:28
that?
48:28
How
48:28
can
48:29
you
48:29
be
48:29
generous
48:30
in
48:30
that?
48:31
I
48:31
think
48:31
there's
48:31
a
48:32
calling
48:32
here
48:32
to
48:32
be
48:33
generous.
48:34
Another
48:34
thing
48:34
I
48:34
don't
48:35
want
48:35
you
48:35
to
48:35
lose
48:35
sight
48:35
of.
48:35
This
48:36
is
48:36
a
48:36
great
48:36
thing
48:36
to
48:37
teach
48:37
your
48:37
children.
48:38
You
48:38
can.
48:39
As
48:39
compared
48:40
to
48:40
the
48:40
last
48:40
couple
48:40
of
48:41
questions
48:41
we
48:41
got.
48:42
This
48:42
is
48:42
a
48:43
place
48:43
where
48:43
you
48:43
can
48:44
show
48:44
your
48:44
kids
48:45
generational
48:45
education.
48:46
You
48:47
can
48:47
show
48:47
them
48:47
ways
48:48
to
48:48
make
48:48
great
48:49
decisions,
48:50
include
48:50
them
48:51
in
48:51
this
48:51
process,
48:53
but
48:53
have
48:53
a
48:54
plan,
48:54
too.
48:54
That's
48:54
the
48:55
next
48:55
step
48:55
here
48:55
is
48:55
have
48:55
a
48:55
plan.
48:56
One
48:56
of
48:57
the
48:57
things
48:57
that
48:57
when
48:57
I
48:57
work
48:58
with
48:58
people
48:58
on
48:58
budgeting,
48:59
or
48:59
what
48:59
I
48:59
call
48:59
an
49:00
intentional
49:00
spending
49:01
plan,
49:01
is,
49:01
is
49:02
you've
49:02
got
49:02
to
49:02
give
49:02
every
49:03
dollar
49:03
an
49:03
assignment.
49:05
Think
49:05
about
49:05
it
49:05
like
49:05
that.
49:06
Like
49:06
every
49:06
dollar
49:06
gets
49:06
assigned
49:07
something.
49:07
This
49:08
money
49:08
goes
49:08
to
49:08
this.
49:09
This
49:09
money
49:10
goes
49:10
to
49:10
this.
49:11
Because
49:11
one
49:11
of
49:11
the
49:11
things
49:12
you
49:12
mentioned,
49:12
you
49:12
didn't
49:12
want
49:13
to
49:13
mess
49:13
this
49:13
up.
49:13
You
49:13
didn't
49:14
want
49:14
to
49:14
screw
49:14
this
49:14
up.
49:15
Make
49:15
a
49:15
plan
49:16
before
49:16
the
49:16
money
49:17
even
49:17
comes
49:17
in.
49:18
Have
49:18
a
49:18
plan.
49:18
This
49:19
is
49:19
much
49:19
is
49:19
going
49:19
here.
49:20
This
49:20
much
49:20
is
49:20
going
49:21
there.
49:21
This
49:21
much
49:22
is
49:22
going
49:22
there.
49:23
And
49:23
then
49:23
revisit
49:24
that.
49:25
Now
49:25
let's
49:25
get
49:25
into
49:26
the
49:26
faith
49:26
and
49:26
surrender
49:27
part
49:27
of
49:27
this.
49:29
This
49:29
more
49:29
that
49:29
you're
49:30
feeling.
49:31
It's
49:31
not
49:31
just
49:32
an
49:32
opportunity
49:32
like
49:33
you
49:33
alluded
49:33
to.
49:34
This
49:34
is
49:35
a
49:35
responsibility.
49:37
In
49:37
my
49:37
personal
49:38
view,
49:38
God
49:38
has
49:39
stewarded
49:39
you.
49:39
God
49:40
has
49:40
given
49:40
you
49:40
this
49:41
blessing.
49:42
It's
49:43
not
49:43
yours.
49:44
This
49:44
is
49:44
something
49:44
he's
49:44
given
49:45
to
49:45
you.
49:46
Now,
49:46
yes,
49:46
you
49:46
may
49:46
work
49:47
hard
49:47
for
49:47
it,
49:48
but
49:48
this
49:48
is
49:48
a
49:48
blessing.
49:50
So
49:50
you've
49:50
got
49:50
a
49:51
responsibility
49:52
in
49:52
all
49:52
of
49:53
this.
49:53
But
49:53
I
49:54
want
49:54
to
49:54
circle
49:54
back
49:54
to
49:54
something
49:55
you
49:55
said
49:55
because
49:55
you
49:56
mentioned
49:56
that
49:56
you
49:56
didn't
49:57
want
49:57
to
49:57
mess
49:57
this
49:57
up.
49:57
Let
49:58
me
49:58
just
49:58
lay
49:58
some
49:58
truth
49:58
on
49:59
you.
49:59
You've
50:00
got
50:00
no
50:00
credit
50:00
card
50:01
debt.
50:01
That
50:02
is
50:02
huge
50:02
progress.
50:04
Your
50:04
cars
50:04
are
50:05
paid
50:05
off.
50:06
That
50:06
is
50:06
amazing.
50:08
And
50:08
you've
50:08
got
50:08
a
50:09
stable
50:09
household.
50:10
All
50:10
of
50:10
those
50:10
things
50:11
are
50:12
progress.
50:14
So
50:14
don't
50:14
sell
50:14
yourself
50:15
short.
50:15
You've
50:15
made
50:15
some
50:16
great
50:16
decisions.
50:17
And
50:17
as
50:17
we
50:18
look
50:18
ahead,
50:18
you
50:18
know,
50:18
what
50:18
is
50:18
the
50:19
next
50:19
step?
50:19
Maybe
50:20
the
50:20
next
50:20
step
50:20
is
50:20
building
50:21
that
50:21
wealth
50:21
plan,
50:22
meeting
50:22
with
50:22
an
50:22
attorney
50:23
to
50:23
build
50:23
an
50:23
estate
50:24
plan,
50:24
meeting
50:25
with
50:25
an
50:25
accountant
50:26
to
50:26
build
50:26
some
50:26
tax
50:27
planning.
50:28
All
50:28
of
50:28
those
50:28
things
50:29
are
50:29
amazing.
50:31
Well,
50:31
I
50:31
just
50:31
want
50:31
to
50:31
take
50:32
a
50:32
minute
50:32
and
50:32
thank
50:32
we're
50:33
just
50:33
about
50:33
ready
50:33
to
50:33
wrap
50:33
up
50:34
here
50:34
today,
50:34
but
50:34
I
50:34
wanted
50:35
to
50:35
thank
50:35
everybody
50:35
for
50:35
joining
50:36
us.
50:36
I
50:36
see
50:36
Mark
50:37
was
50:37
in
50:37
the
50:37
audience
50:37
and
50:38
Dave
50:38
and
50:38
Jonathan,
50:39
10
50:39
and
50:40
Jim
50:40
as
50:40
well.
50:41
It
50:41
is
50:41
so
50:41
great
50:41
to
50:42
see
50:42
you
50:42
guys
50:42
here
50:42
joining
50:43
me
50:43
today.
50:43
And
50:44
this
50:44
is
50:44
going
50:44
to
50:44
be
50:44
every
50:45
Friday
50:45
at
50:45
1
50:45
o'.
50:45
Clock.
50:46
If
50:46
you
50:46
want
50:46
to
50:46
come
50:46
again
50:47
next
50:47
week,
50:47
I
50:48
be
50:48
happy
50:48
to
50:48
have
50:48
you.
50:49
But
50:49
bring
50:49
your
50:49
questions
50:50
if
50:50
there's
50:50
something.
50:50
And
50:51
like
50:51
I
50:51
said
50:51
at
50:51
the
50:51
beginning,
50:52
there's
50:52
no
50:52
stupid
50:53
questions.
50:53
There's
50:54
no
50:54
small
50:55
questions.
50:56
I've
50:56
been
50:56
doing
50:56
this
50:56
kind
50:57
of
50:57
stuff
50:57
for
50:57
30
50:57
years.
50:57
There's
50:58
not
50:58
too
50:58
much
50:58
that
50:58
I
50:59
haven't
50:59
seen
50:59
that
51:00
I
51:00
can't
51:00
help
51:00
you
51:00
with.
51:01
But
51:01
if
51:01
you've
51:01
got
51:02
a
51:02
question
51:02
about
51:02
debt
51:03
or
51:03
budgeting
51:04
or
51:04
those
51:05
job
51:05
changes
51:06
or
51:06
marriage
51:07
or
51:07
money
51:07
starting
51:08
over,
51:08
retirement,
51:09
fear,
51:10
whatever
51:11
it
51:11
is,
51:12
let
51:12
me
51:12
help
51:13
you
51:13
with
51:13
that.
51:13
That's
51:13
what
51:14
I
51:14
feel
51:14
like
51:14
my
51:14
calling
51:15
is.
51:15
We
51:15
talked
51:15
about
51:15
in
51:16
the
51:16
last
51:16
caller,
51:16
in
51:17
the
51:17
last
51:17
question
51:17
about
51:17
what
51:18
do
51:18
you
51:18
feel
51:18
like
51:18
you
51:18
want
51:19
to
51:19
do?
51:20
That's
51:20
what
51:20
I
51:20
want
51:20
to
51:20
do.
51:22
So
51:22
let
51:22
me
51:22
ask
51:22
you
51:22
this.
51:23
If
51:23
you
51:23
just
51:23
want
51:23
to
51:24
I
51:24
know
51:24
a
51:24
lot
51:24
of
51:24
people
51:24
haven't
51:25
participated
51:25
today.
51:25
If
51:25
you
51:25
just
51:26
want
51:26
to
51:26
type
51:26
this
51:26
in
51:26
the
51:26
chat,
51:27
what
51:27
are
51:27
some
51:27
topics
51:28
that
51:28
you'd
51:28
like
51:28
me
51:29
to
51:29
talk
51:29
about?
51:30
Is
51:30
debt
51:30
an
51:30
issue
51:31
for
51:31
you?
51:31
Is
51:32
budgeting
51:32
an
51:32
issue?
51:33
Maybe
51:33
saving?
51:34
How
51:34
about
51:34
increasing
51:35
income,
51:36
Ideas
51:36
that
51:36
stewardship
51:37
or
51:37
how
51:37
about
51:37
this
51:38
is
51:38
a
51:38
real
51:38
zinger,
51:38
maybe.
51:39
We
51:39
got
51:39
some
51:39
questions
51:39
next
51:39
week
51:40
on
51:40
this
51:40
one.
51:40
Marriage
51:41
and
51:41
money.
51:42
I
51:42
was
51:42
talking
51:42
to
51:43
somebody
51:43
yesterday.
51:43
I
51:44
truly
51:44
believe
51:45
the
51:45
biggest
51:46
struggle
51:46
in
51:46
most
51:47
people's
51:47
relationships
51:48
is
51:48
money.
51:48
So
51:49
if
51:49
we
51:49
can
51:49
figure
51:49
out
51:49
a
51:50
better
51:50
way
51:50
to
51:50
do
51:50
that,
51:51
we're
51:51
going
51:51
to
51:51
figure
51:51
out
51:52
how
51:52
to
51:52
do
51:52
that.
51:52
But
51:53
if
51:53
you've
51:53
got
51:53
things
51:53
that
51:53
you
51:54
want
51:54
to
51:54
share,
51:54
feel
51:55
free
51:55
to
51:55
email
51:55
me.
51:56
You
51:56
can
51:56
email
51:56
me@ralphskralph.com
51:58
and
51:58
before
51:58
I
51:58
forget,
51:59
let
51:59
me
51:59
just
51:59
tell
51:59
you
51:59
this
51:59
too.
52:00
I've
52:00
also
52:01
created
52:01
a
52:01
document
52:02
and
52:02
I
52:02
want
52:03
to
52:03
show
52:03
you
52:03
this.
52:03
I'll
52:04
put
52:04
it
52:04
right
52:04
here
52:04
in
52:04
front
52:04
of
52:04
me.
52:05
There's
52:05
a
52:05
document
52:05
called
52:06
the
52:06
Faithful
52:06
Money
52:07
Framework
52:08
and
52:08
I
52:08
would
52:09
love
52:09
to
52:09
give
52:09
everybody
52:09
a
52:10
copy
52:10
of
52:10
that.
52:10
Now
52:10
the
52:10
easiest
52:11
way
52:11
to
52:11
do
52:11
that,
52:11
we
52:11
have
52:12
a
52:12
private
52:13
group
52:13
and
52:13
you
52:14
can
52:14
get
52:14
to
52:14
that
52:14
by
52:14
going
52:15
to
52:15
financiallyconfidentchristian.com
52:19
join.
52:20
We'll
52:20
put
52:20
that
52:20
in
52:20
the
52:21
show
52:21
notes,
52:21
but
52:21
let
52:21
me
52:21
give
52:21
it
52:21
to
52:22
you
52:22
again.
52:22
It's
52:23
financiallyconfidentchristian.com
52:26
join.
52:27
I'm
52:27
not
52:28
going
52:28
to
52:28
ask
52:28
for
52:28
your
52:28
money.
52:29
It's
52:29
a
52:29
Patreon
52:30
site.
52:30
It's
52:31
a
52:31
free
52:31
now
52:31
if
52:31
you
52:31
want
52:32
to
52:32
donate
52:32
to
52:32
the
52:32
show,
52:32
you
52:33
can
52:33
do
52:33
that
52:33
there.
52:33
If
52:33
you
52:33
want
52:33
to
52:34
support
52:34
the
52:34
show,
52:34
you
52:34
can
52:34
do
52:35
that
52:35
there.
52:35
But
52:36
it's
52:36
a
52:36
place
52:36
where
52:36
you
52:37
can
52:37
go
52:37
and
52:37
see
52:38
the
52:38
other
52:38
content
52:38
we're
52:39
putting
52:39
out.
52:39
One
52:39
of
52:39
the
52:39
things
52:39
that
52:40
if
52:40
you
52:40
don't
52:40
know
52:40
this,
52:40
I
52:40
do
52:41
a
52:41
daily
52:41
show.
52:41
It's
52:41
called
52:42
Financially
52:42
confident
52:43
Christian,
52:43
just
52:43
10
52:43
minutes
52:44
a
52:44
day.
52:44
But
52:45
in
52:45
that
52:45
Patreon
52:46
group,
52:46
which
52:46
is
52:47
absolutely
52:47
free
52:47
to
52:47
you
52:47
to
52:48
join,
52:48
you
52:48
can
52:48
ask
52:48
questions.
52:49
We're
52:49
going
52:49
to
52:49
put
52:50
this
52:50
actual
52:50
document
52:51
right
52:51
there
52:51
in
52:52
the
52:52
group.
52:52
So
52:52
again,
52:52
that's
52:53
financiallyconfidentchristian.com
52:56
join.
52:57
Now
52:57
as
52:58
we
52:58
close,
52:58
I
52:58
want
52:58
you
52:58
to
52:58
remember
52:59
this.
53:00
It's
53:00
never
53:01
too
53:01
late.
53:03
It's
53:03
never
53:03
too
53:03
messy.
53:05
You're
53:06
not
53:06
disqualified
53:06
because
53:07
you
53:07
were
53:07
never
53:07
taught
53:08
these
53:08
things.
53:09
And
53:09
you're
53:10
not
53:10
alone
53:10
in
53:10
this.
53:10
This
53:11
is
53:11
what
53:11
we
53:11
do
53:11
here.
53:12
We
53:12
face
53:13
reality.
53:14
We
53:14
aim
53:14
clearly,
53:15
we
53:15
identify
53:16
timing,
53:17
we
53:17
think
53:17
of
53:18
options.
53:18
We
53:18
build
53:19
that
53:19
plan,
53:19
we
53:20
bring
53:20
it
53:20
to
53:20
God.
53:21
We
53:21
recognize
53:21
progress
53:22
and
53:23
we
53:23
take
53:23
the
53:23
next
53:24
faithful
53:24
step.
53:25
That
53:26
is
53:26
the
53:26
faithful
53:27
money
53:27
framework.
53:28
And
53:28
that's
53:28
how
53:28
we're
53:29
all
53:29
going
53:29
to
53:29
break
53:29
that
53:29
cycle
53:30
of
53:30
financial
53:30
shame
53:31
and
53:31
find
53:32
confidence.
53:33
And
53:33
that's
53:33
how
53:33
we
53:34
build
53:34
that
53:34
confidence
53:34
of
53:35
money.
53:35
God's
53:35
way.
53:36
I
53:36
just
53:36
want
53:36
to
53:37
thank
53:37
you
53:37
so
53:37
much
53:37
for
53:37
being
53:38
here.
53:38
I
53:38
want
53:38
to
53:38
encourage
53:39
you
53:39
to
53:39
come
53:39
back
53:39
next
53:39
week.
53:40
It
53:40
would
53:40
be
53:40
great
53:41
if
53:41
you
53:41
invited
53:41
somebody
53:42
who
53:42
needs
53:42
to
53:42
hear
53:42
this
53:43
conversation
53:43
and
53:44
bring
53:44
your
53:44
real
53:44
questions.
53:45
If
53:45
right
53:45
now
53:45
I'd
53:45
just
53:46
like
53:46
to
53:46
pray
53:46
for
53:46
us
53:46
all
53:46
as
53:47
we
53:47
close
53:47
out
53:47
today,
53:47
Lord.
53:48
I
53:48
just
53:48
want
53:49
to
53:49
thank
53:49
you
53:49
for
53:49
every
53:50
person
53:50
listening
53:50
today,
53:51
Lord.
53:52
Thank
53:52
you
53:52
for
53:52
being
53:52
president
53:53
even
53:54
in
53:54
our
53:54
fear
53:54
and
53:55
in
53:55
our
53:55
pressure,
53:56
Lord,
53:56
and
53:57
our
53:57
questions.
53:58
And
53:58
we
53:58
know
53:58
we
53:58
have
53:58
hope
53:59
in
53:59
you.
54:00
So
54:00
as
54:00
we
54:00
close
54:01
today,
54:01
give
54:02
us
54:02
all
54:02
wisdom,
54:03
give
54:03
us
54:03
peace,
54:05
give
54:05
us
54:05
courage,
54:06
Lord,
54:06
and
54:07
help
54:07
us
54:07
to
54:07
take
54:07
that
54:08
next
54:08
right
54:08
step.
54:09
And
54:09
we
54:10
ask
54:10
this
54:10
in
54:10
the
54:10
name
54:11
of
54:11
Jesus.
54:12
Amen.
54:13
Listen,
54:13
I
54:14
just
54:14
want
54:14
to
54:14
say
54:14
again,
54:14
thank
54:15
you
54:15
so
54:15
much
54:15
for
54:15
joining
54:16
me
54:16
today.
54:16
I
54:16
hope
54:16
you
54:16
got
54:16
a
54:17
great
54:17
deal
54:17
of
54:17
value
54:17
from
54:18
it.
54:18
I
54:18
certainly
54:19
have
54:19
loved
54:19
being
54:19
here
54:19
with
54:20
all
54:20
of
54:20
you.
54:20
And
54:21
again,
54:21
reach
54:21
out
54:21
and
54:21
get
54:22
our
54:22
free
54:22
giveaway@financiallyconfidentchristian.com
54:26
join.
54:27
Thank
54:27
you
54:27
and
54:27
God
54:28
bless
54:28
you.
54:28
Have
54:28
a
54:28
great
54:28
weekend.