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How to Manage Money When You’re Self-Employed · Becoming Financially Confident

• 0:37
  Have
• 0:37
  you
• 0:37
  ever
• 0:38
  reached
• 0:38
  a
• 0:38
  point
• 0:38
  where
• 0:39
  things
• 0:39
  are
• 0:39
  finally
• 0:40
  working,
• 0:41
  but
• 0:41
  instead
• 0:42
  of
• 0:42
  relief,
• 0:42
  you
• 0:42
  just
• 0:42
  feel
• 0:43
  pressure,
• 0:44
  like
• 0:44
  you've
• 0:45
  built
• 0:45
  something
• 0:45
  meaningful
• 0:46
  and
• 0:47
  now
• 0:47
  you're
• 0:47
  thinking,
• 0:48
  am
• 0:48
  I
• 0:48
  structuring
• 0:49
  this
• 0:49
  the
• 0:49
  right
• 0:49
  way?
• 0:51
  If
• 0:51
  you've
• 0:51
  stepped
• 0:51
  into
• 0:52
  that
• 0:52
  season
• 0:52
  in
• 0:52
  your
• 0:53
  life
• 0:53
  where
• 0:53
  it's
• 0:53
  no
• 0:53
  longer
• 0:54
  just
• 0:54
  about
• 0:54
  earning
• 0:55
  but
• 0:56
  about
• 0:56
  building
• 0:56
  something
• 0:57
  sustainable,
• 0:58
  today
• 0:58
  we're
• 0:58
  going
• 0:59
  to
• 0:59
  walk
• 0:59
  through
• 0:59
  what
• 0:59
  actually
• 1:00
  matters
• 1:00
  next.
• 1:01
  I've
• 1:01
  got
• 1:01
  a
• 1:01
  great
• 1:02
  listener
• 1:02
  question
• 1:02
  for
• 1:03
  you
• 1:03
  today.
• 1:23
  Hello,
• 1:23
  friend,
• 1:24
  Ralph
• 1:24
  Estep
• 1:24
  Jr.
• 1:25
  Here.
• 1:25
  Welcome
• 1:26
  to
• 1:26
  Financially
• 1:27
  Confident
• 1:27
  Christian.
• 1:28
  This
• 1:28
  is
• 1:28
  the
• 1:29
  show
• 1:29
  where
• 1:29
  our
• 1:29
  central
• 1:30
  mission
• 1:30
  is
• 1:30
  helping
• 1:31
  you
• 1:31
  break
• 1:31
  that
• 1:31
  cycle
• 1:32
  of
• 1:32
  financial
• 1:32
  shame
• 1:33
  and
• 1:34
  live
• 1:34
  in
• 1:34
  confidence.
• 1:36
  And
• 1:36
  today
• 1:36
  we're
• 1:36
  going
• 1:36
  to
• 1:37
  lean
• 1:37
  into
• 1:37
  self
• 1:37
  employment.
• 1:39
  And
• 1:39
  success
• 1:40
  in
• 1:40
  self
• 1:40
  employment
• 1:41
  is
• 1:41
  great,
• 1:41
  but
• 1:42
  it
• 1:42
  can
• 1:42
  also
• 1:42
  bring
• 1:43
  a
• 1:43
  new
• 1:43
  kind
• 1:43
  of
• 1:44
  pressure
• 1:45
  because
• 1:45
  once
• 1:45
  that
• 1:45
  money
• 1:46
  starts
• 1:46
  coming
• 1:46
  in,
• 1:47
  the
• 1:47
  question
• 1:47
  becomes
• 1:47
  less
• 1:48
  about
• 1:48
  earning
• 1:49
  and
• 1:49
  more
• 1:50
  about
• 1:50
  structure.
• 1:51
  So
• 1:51
  today
• 1:52
  on
• 1:52
  the
• 1:52
  show
• 1:52
  I
• 1:52
  want
• 1:52
  to
• 1:53
  talk
• 1:53
  about
• 1:53
  how
• 1:53
  to
• 1:53
  manage
• 1:54
  money
• 1:54
  when
• 1:54
  you're
• 1:54
  self
• 1:55
  employed.
• 1:56
  Well,
• 1:56
  let's
• 1:56
  get
• 1:56
  right
• 1:56
  into
• 1:57
  today's
• 1:57
  listener
• 1:58
  voicemail
• 1:58
  question.
• 2:00
  Ralph,
• 2:01
  I
• 2:01
  run
• 2:01
  my
• 2:01
  own
• 2:01
  business
• 2:02
  and
• 2:02
  I'm
• 2:02
  at
• 2:02
  a
• 2:03
  point
• 2:03
  where
• 2:03
  I
• 2:03
  need
• 2:03
  your
• 2:04
  help.
• 2:05
  I'm
• 2:05
  self
• 2:05
  employed
• 2:06
  and
• 2:06
  I
• 2:07
  finally
• 2:08
  got
• 2:09
  some
• 2:09
  real
• 2:09
  savings.
• 2:11
  But
• 2:11
  instead
• 2:11
  of
• 2:11
  feeling
• 2:12
  settled,
• 2:12
  I
• 2:13
  feel
• 2:13
  the
• 2:13
  weight
• 2:13
  of
• 2:14
  what
• 2:14
  comes
• 2:14
  next.
• 2:15
  It's
• 2:16
  not
• 2:16
  just
• 2:16
  about
• 2:16
  picking
• 2:17
  the
• 2:17
  right
• 2:17
  investments
• 2:18
  anymore.
• 2:18
  It's
• 2:19
  about
• 2:19
  structuring
• 2:20
  everything.
• 2:21
  Income
• 2:22
  taxes,
• 2:23
  reserves,
• 2:24
  insurance,
• 2:25
  like
• 2:26
  long
• 2:26
  term
• 2:27
  planning.
• 2:28
  And
• 2:28
  I'm
• 2:28
  realizing
• 2:29
  how
• 2:29
  easy
• 2:29
  it
• 2:30
  is
• 2:30
  to
• 2:30
  get
• 2:30
  this
• 2:31
  wrong.
• 2:32
  I
• 2:32
  don't
• 2:32
  want
• 2:32
  to
• 2:32
  build
• 2:33
  something
• 2:33
  that
• 2:33
  looks
• 2:33
  good
• 2:34
  on
• 2:34
  the
• 2:34
  surface
• 2:35
  but
• 2:35
  is
• 2:35
  unstable
• 2:36
  behind
• 2:36
  the
• 2:36
  scenes.
• 2:37
  I
• 2:38
  don't
• 2:38
  want
• 2:38
  to
• 2:38
  wake
• 2:38
  up
• 2:39
  in
• 2:39
  three
• 2:39
  years
• 2:40
  and
• 2:40
  realize
• 2:40
  I
• 2:41
  set
• 2:41
  myself
• 2:41
  up
• 2:42
  wrong.
• 2:43
  I
• 2:43
  need
• 2:43
  to
• 2:43
  know
• 2:43
  what
• 2:44
  I
• 2:44
  should
• 2:44
  be
• 2:44
  focusing
• 2:45
  on
• 2:45
  at
• 2:45
  this
• 2:45
  stage.
• 2:46
  How
• 2:47
  do
• 2:47
  I
• 2:47
  create
• 2:47
  a
• 2:48
  system
• 2:48
  that
• 2:49
  actually
• 2:49
  supports
• 2:50
  my
• 2:50
  life
• 2:50
  and
• 2:51
  my
• 2:51
  business
• 2:52
  long
• 2:52
  term?
• 2:53
  Appreciate
• 2:54
  you,
• 2:54
  Ralph.
• 2:56
  Well,
• 2:56
  I
• 2:56
  appreciate
• 2:56
  you
• 2:57
  too.
• 2:57
  Thank
• 2:57
  you
• 2:57
  so
• 2:57
  much
• 2:58
  for
• 2:58
  sending
• 2:58
  that
• 2:58
  question.
• 3:00
  And
• 3:00
  that's
• 3:00
  a
• 3:00
  very
• 3:01
  real
• 3:01
  stage
• 3:01
  of
• 3:02
  self
• 3:02
  employment
• 3:03
  because
• 3:03
  you're
• 3:04
  moving
• 3:04
  beyond
• 3:04
  simply
• 3:05
  making
• 3:05
  money
• 3:06
  and
• 3:06
  you're
• 3:06
  trying
• 3:06
  to
• 3:06
  keep
• 3:07
  more
• 3:07
  of
• 3:07
  it.
• 3:08
  And
• 3:08
  now
• 3:08
  you're
• 3:08
  really
• 3:09
  leaning
• 3:09
  into
• 3:09
  the
• 3:10
  structure
• 3:10
  behind
• 3:10
  the
• 3:11
  money
• 3:11
  and
• 3:11
  whether
• 3:12
  that's
• 3:12
  strong
• 3:12
  enough.
• 3:13
  The
• 3:13
  problem
• 3:14
  is
• 3:14
  a
• 3:14
  lot
• 3:14
  of
• 3:14
  self
• 3:15
  employed
• 3:15
  people
• 3:16
  don't
• 3:16
  automatically
• 3:17
  have
• 3:17
  systems
• 3:17
  built
• 3:18
  for
• 3:18
  them.
• 3:19
  When
• 3:19
  you
• 3:19
  work
• 3:19
  for
• 3:20
  somebody
• 3:20
  else,
• 3:20
  your
• 3:21
  employer
• 3:21
  withholds
• 3:22
  taxes,
• 3:22
  they
• 3:23
  provide
• 3:23
  benefits,
• 3:24
  they
• 3:24
  have
• 3:24
  retirement
• 3:25
  options
• 3:26
  and
• 3:26
  they
• 3:26
  create
• 3:26
  predictable
• 3:27
  pay.
• 3:28
  But
• 3:28
  when
• 3:29
  you're
• 3:29
  doing
• 3:29
  it
• 3:29
  for
• 3:29
  yourself,
• 3:31
  it's
• 3:31
  hard
• 3:32
  and
• 3:32
  you're
• 3:32
  feeling
• 3:33
  pressure.
• 3:33
  Now,
• 3:33
  I
• 3:33
  want
• 3:34
  to
• 3:34
  say
• 3:34
  at
• 3:34
  the
• 3:34
  beginning
• 3:35
  that
• 3:35
  pressure
• 3:35
  doesn't
• 3:36
  mean
• 3:36
  you're
• 3:36
  doing
• 3:36
  something
• 3:37
  wrong.
• 3:38
  It
• 3:38
  just
• 3:38
  means
• 3:38
  you've
• 3:39
  stepped
• 3:39
  into
• 3:39
  a
• 3:39
  new
• 3:40
  season
• 3:40
  of
• 3:40
  Your
• 3:40
  life
• 3:41
  and
• 3:42
  friend.
• 3:42
  This
• 3:42
  is
• 3:42
  such
• 3:43
  a
• 3:43
  real
• 3:43
  moment
• 3:44
  when
• 3:44
  you're
• 3:44
  self
• 3:45
  employed.
• 3:45
  Like
• 3:45
  I
• 3:46
  said,
• 3:46
  there's
• 3:46
  no
• 3:46
  system
• 3:47
  handed
• 3:47
  to
• 3:47
  you.
• 3:47
  Somebody
• 3:48
  doesn't
• 3:48
  say,
• 3:48
  well,
• 3:48
  here's
• 3:49
  the
• 3:49
  rules,
• 3:49
  Ralph,
• 3:50
  you're
• 3:50
  self
• 3:50
  employed,
• 3:51
  go
• 3:51
  do
• 3:51
  it.
• 3:52
  You
• 3:52
  don't
• 3:52
  have
• 3:52
  an
• 3:53
  employer
• 3:53
  setting
• 3:53
  aside
• 3:54
  taxes,
• 3:54
  you
• 3:55
  don't
• 3:55
  have
• 3:55
  any
• 3:55
  benefits,
• 3:56
  you
• 3:56
  got
• 3:56
  no
• 3:57
  guaranteed
• 3:58
  paycheck
• 3:58
  rhythm.
• 4:00
  So
• 4:00
  when
• 4:00
  things
• 4:00
  finally
• 4:01
  start
• 4:01
  working,
• 4:02
  it
• 4:02
  can
• 4:02
  actually
• 4:02
  create
• 4:03
  a
• 4:03
  new
• 4:03
  kind
• 4:03
  of
• 4:04
  pressure
• 4:05
  because
• 4:06
  now
• 4:06
  you're
• 4:06
  responsible
• 4:07
  for
• 4:07
  making
• 4:07
  sure
• 4:07
  the
• 4:07
  whole
• 4:08
  thing
• 4:08
  holds
• 4:08
  together.
• 4:09
  Which
• 4:09
  is
• 4:09
  why
• 4:09
  I
• 4:09
  loved
• 4:10
  your
• 4:10
  question.
• 4:10
  Today,
• 4:12
  many
• 4:13
  people
• 4:13
  who
• 4:13
  are
• 4:13
  self
• 4:14
  employed
• 4:14
  focus
• 4:14
  first
• 4:15
  on
• 4:15
  earning.
• 4:15
  That
• 4:16
  almost
• 4:16
  is
• 4:16
  the
• 4:16
  easy
• 4:17
  part.
• 4:18
  And
• 4:18
  that
• 4:18
  makes
• 4:18
  sense
• 4:18
  in
• 4:18
  the
• 4:19
  beginning
• 4:19
  because
• 4:19
  if
• 4:19
  you're
• 4:19
  not
• 4:20
  making
• 4:20
  any
• 4:20
  money,
• 4:21
  you
• 4:21
  don't
• 4:21
  need
• 4:21
  a
• 4:21
  system.
• 4:23
  But
• 4:23
  once
• 4:23
  the
• 4:23
  money's
• 4:24
  coming
• 4:24
  in,
• 4:25
  that's
• 4:25
  when
• 4:25
  the
• 4:25
  challenges
• 4:26
  come
• 4:27
  and
• 4:27
  that's
• 4:28
  when
• 4:28
  you
• 4:28
  start
• 4:28
  to
• 4:28
  ask
• 4:28
  that
• 4:29
  question,
• 4:29
  is
• 4:29
  there
• 4:29
  a
• 4:30
  system
• 4:30
  behind
• 4:30
  the
• 4:31
  income?
• 4:32
  Here's
• 4:33
  what
• 4:33
  I
• 4:33
  found
• 4:33
  in
• 4:33
  my
• 4:34
  practice.
• 4:34
  I've
• 4:34
  been
• 4:34
  doing
• 4:34
  this
• 4:34
  for
• 4:35
  30
• 4:35
  years.
• 4:36
  Most
• 4:36
  business
• 4:36
  owners
• 4:37
  don't
• 4:37
  struggle
• 4:38
  because
• 4:38
  they
• 4:38
  can't
• 4:38
  earn.
• 4:39
  Most
• 4:39
  people
• 4:39
  can
• 4:39
  figure
• 4:40
  it
• 4:40
  out.
• 4:41
  Most
• 4:42
  business
• 4:42
  earners
• 4:42
  struggle
• 4:43
  because
• 4:43
  the
• 4:43
  income
• 4:44
  has
• 4:44
  no
• 4:45
  structure.
• 4:46
  And
• 4:46
  money
• 4:47
  coming
• 4:47
  in
• 4:47
  without
• 4:47
  a
• 4:48
  system
• 4:48
  creates
• 4:49
  stress
• 4:49
  and
• 4:50
  it
• 4:50
  just
• 4:50
  scales
• 4:50
  up,
• 4:51
  makes
• 4:51
  it
• 4:51
  complicated
• 4:52
  as
• 4:52
  you
• 4:52
  get
• 4:53
  bigger.
• 4:54
  The
• 4:54
  structure
• 4:55
  is
• 4:56
  what
• 4:56
  allows
• 4:56
  the
• 4:57
  business
• 4:57
  to
• 4:57
  support
• 4:57
  the
• 4:58
  owner
• 4:58
  long
• 4:58
  term.
• 4:59
  Because
• 5:00
  money
• 5:00
  coming
• 5:00
  in
• 5:01
  without
• 5:01
  a
• 5:01
  system
• 5:01
  behind
• 5:02
  it
• 5:02
  creates
• 5:02
  stress,
• 5:03
  not
• 5:03
  stability.
• 5:04
  So
• 5:05
  today
• 5:05
  I
• 5:05
  want
• 5:05
  to
• 5:05
  talk
• 5:05
  about
• 5:06
  how
• 5:06
  do
• 5:06
  you
• 5:06
  build
• 5:07
  a
• 5:07
  financial
• 5:07
  system
• 5:08
  that
• 5:08
  actually
• 5:08
  supports
• 5:09
  your
• 5:09
  life
• 5:10
  and
• 5:10
  your
• 5:10
  business
• 5:11
  long
• 5:11
  term?
• 5:12
  And
• 5:12
  I'm
• 5:12
  going
• 5:12
  to
• 5:13
  use
• 5:13
  my
• 5:13
  faithful
• 5:14
  framework
• 5:14
  to
• 5:14
  talk
• 5:14
  about
• 5:15
  that.
• 5:15
  We're
• 5:16
  going
• 5:16
  to
• 5:16
  spell
• 5:16
  out
• 5:16
  the
• 5:16
  letters
• 5:17
  in
• 5:17
  faithful,
• 5:18
  but
• 5:18
  let's
• 5:18
  start
• 5:18
  with
• 5:19
  F.
• 5:20
  We've
• 5:20
  got
• 5:20
  to
• 5:20
  face
• 5:20
  the
• 5:20
  reality.
• 5:21
  We've
• 5:22
  got
• 5:22
  to
• 5:22
  get
• 5:22
  some
• 5:23
  awareness.
• 5:24
  In
• 5:24
  your
• 5:25
  case,
• 5:25
  you're
• 5:25
  making
• 5:26
  money,
• 5:27
  you've
• 5:27
  built
• 5:28
  meaningful
• 5:28
  savings.
• 5:28
  That's
• 5:29
  great.
• 5:29
  You're
• 5:29
  doing
• 5:29
  a
• 5:29
  lot
• 5:30
  of
• 5:30
  the
• 5:30
  right
• 5:30
  things
• 5:30
  already.
• 5:31
  But
• 5:32
  what
• 5:32
  I
• 5:32
  think
• 5:32
  you
• 5:32
  don't
• 5:33
  have
• 5:33
  is
• 5:34
  a
• 5:34
  fully
• 5:34
  organized
• 5:35
  money
• 5:35
  system.
• 5:36
  And
• 5:37
  that's
• 5:37
  hard
• 5:37
  when
• 5:38
  you're
• 5:38
  self
• 5:38
  employed,
• 5:39
  it
• 5:39
  is
• 5:39
  so
• 5:40
  easy
• 5:40
  to
• 5:40
  blur
• 5:41
  those
• 5:41
  lines
• 5:41
  between
• 5:42
  business
• 5:42
  money
• 5:43
  and
• 5:43
  personal
• 5:44
  money.
• 5:44
  And
• 5:45
  when
• 5:45
  those
• 5:45
  lines
• 5:45
  are
• 5:46
  blurred,
• 5:46
  making
• 5:46
  big
• 5:47
  decisions
• 5:47
  is
• 5:48
  hard.
• 5:49
  So
• 5:49
  the
• 5:49
  first
• 5:49
  thing
• 5:49
  we've
• 5:50
  got
• 5:50
  to
• 5:50
  do
• 5:50
  is
• 5:50
  we've
• 5:50
  got
• 5:51
  to
• 5:51
  find
• 5:51
  clarity
• 5:51
  in
• 5:52
  that.
• 5:52
  And
• 5:53
  if
• 5:53
  you're
• 5:53
  feeling
• 5:53
  this
• 5:54
  confusion,
• 5:54
  which
• 5:54
  I
• 5:55
  hear
• 5:55
  in
• 5:55
  your
• 5:55
  question,
• 5:55
  I
• 5:56
  hear
• 5:56
  it
• 5:56
  in
• 5:56
  your
• 5:56
  voice,
• 5:57
  that
• 5:57
  confusion
• 5:58
  is
• 5:58
  often
• 5:59
  a
• 5:59
  sign
• 5:59
  that
• 5:59
  the
• 6:00
  system
• 6:00
  needs
• 6:00
  to
• 6:00
  be
• 6:00
  strengthened.
• 6:02
  So
• 6:02
  here's
• 6:02
  the
• 6:02
  thing
• 6:02
  I'm
• 6:02
  going
• 6:03
  to
• 6:03
  encourage
• 6:03
  you
• 6:03
  to
• 6:03
  do
• 6:03
  right
• 6:03
  from
• 6:04
  the
• 6:04
  beginning.
• 6:04
  Going
• 6:04
  to
• 6:04
  be
• 6:04
  a
• 6:05
  very
• 6:05
  practical
• 6:05
  episode
• 6:06
  today
• 6:07
  are
• 6:07
  my
• 6:08
  Business
• 6:08
  and
• 6:08
  personal
• 6:09
  finances
• 6:09
  clearly
• 6:10
  separated.
• 6:10
  You
• 6:11
  got
• 6:11
  to
• 6:11
  start
• 6:11
  there
• 6:12
  first.
• 6:12
  Do
• 6:13
  I
• 6:13
  know
• 6:13
  what
• 6:13
  my
• 6:13
  business
• 6:14
  is
• 6:14
  actually
• 6:15
  earning?
• 6:15
  I'm
• 6:16
  not
• 6:16
  talking
• 6:16
  about
• 6:16
  what
• 6:17
  it's,
• 6:17
  I'm
• 6:17
  talking
• 6:17
  about
• 6:17
  what
• 6:17
  it's
• 6:18
  actually
• 6:18
  earning.
• 6:18
  Do
• 6:19
  you
• 6:19
  know
• 6:19
  what
• 6:19
  the
• 6:19
  business
• 6:20
  is
• 6:20
  actually
• 6:20
  spending?
• 6:21
  Do
• 6:22
  you
• 6:22
  know
• 6:22
  how
• 6:22
  much
• 6:22
  I
• 6:22
  can
• 6:23
  pay
• 6:23
  yourself
• 6:24
  yourself
• 6:24
  at
• 6:24
  the
• 6:24
  end.
• 6:26
  And
• 6:26
  then
• 6:26
  ask
• 6:26
  yourself,
• 6:27
  where
• 6:27
  does
• 6:27
  confusion
• 6:28
  deal
• 6:28
  exist?
• 6:29
  And
• 6:30
  then
• 6:30
  once
• 6:30
  you
• 6:30
  build
• 6:30
  that
• 6:31
  out,
• 6:31
  start
• 6:31
  asking
• 6:32
  yourself
• 6:32
  what
• 6:32
  part
• 6:33
  of
• 6:33
  this
• 6:33
  money
• 6:33
  system
• 6:34
  feels
• 6:34
  unstable.
• 6:36
  Clarity
• 6:36
  is
• 6:37
  the
• 6:37
  foundation
• 6:38
  of
• 6:38
  this
• 6:38
  stability
• 6:38
  and
• 6:39
  that's
• 6:39
  where
• 6:39
  we
• 6:39
  have
• 6:39
  to
• 6:39
  start
• 6:39
  there.
• 6:40
  But
• 6:40
  let's
• 6:41
  go
• 6:41
  to
• 6:41
  a,
• 6:41
  we
• 6:41
  got
• 6:41
  to
• 6:41
  aim.
• 6:42
  Clearly
• 6:44
  your
• 6:44
  goal
• 6:44
  is
• 6:44
  to
• 6:45
  not
• 6:45
  just
• 6:45
  make
• 6:45
  money.
• 6:46
  Sure
• 6:46
  that's
• 6:47
  great,
• 6:47
  that
• 6:48
  builds
• 6:48
  the
• 6:48
  revenue
• 6:48
  side
• 6:49
  of
• 6:49
  it.
• 6:50
  But
• 6:50
  you've
• 6:50
  got
• 6:51
  to
• 6:51
  build
• 6:51
  a
• 6:51
  business
• 6:52
  that
• 6:52
  supports
• 6:52
  a
• 6:53
  real
• 6:53
  life.
• 6:54
  And
• 6:55
  I
• 6:55
  think
• 6:55
  it's
• 6:55
  so
• 6:55
  easy
• 6:56
  to
• 6:56
  get
• 6:56
  stuck
• 6:57
  in
• 6:57
  a
• 6:57
  quagmire
• 6:58
  of
• 6:58
  just
• 6:58
  growing
• 6:58
  the
• 6:59
  income.
• 6:59
  But
• 6:59
  self
• 7:00
  employment
• 7:00
  income
• 7:01
  should
• 7:01
  serve
• 7:02
  your
• 7:02
  values,
• 7:03
  not
• 7:03
  consume
• 7:04
  them.
• 7:05
  So
• 7:05
  many
• 7:05
  of
• 7:05
  my
• 7:06
  small
• 7:06
  business
• 7:06
  clients
• 7:07
  are
• 7:07
  so
• 7:07
  engulfed
• 7:08
  in
• 7:08
  their
• 7:08
  business
• 7:09
  that,
• 7:09
  that
• 7:09
  they've
• 7:10
  lost
• 7:10
  sight
• 7:10
  of
• 7:10
  their
• 7:10
  values.
• 7:12
  So
• 7:12
  you
• 7:12
  got
• 7:13
  to
• 7:13
  decide
• 7:13
  on
• 7:13
  systems
• 7:14
  at
• 7:14
  the
• 7:14
  front
• 7:14
  end
• 7:14
  to
• 7:15
  define
• 7:15
  what
• 7:15
  you're
• 7:16
  trying
• 7:16
  to
• 7:16
  build.
• 7:18
  Maybe
• 7:18
  for
• 7:18
  you
• 7:19
  you
• 7:19
  need
• 7:19
  a
• 7:19
  business
• 7:19
  that
• 7:20
  supports
• 7:20
  freedom
• 7:21
  or
• 7:21
  flexibility.
• 7:22
  Maybe
• 7:23
  for
• 7:23
  you
• 7:23
  it's
• 7:23
  about
• 7:23
  security.
• 7:24
  Or
• 7:24
  maybe
• 7:24
  you're
• 7:25
  a
• 7:25
  generous
• 7:25
  person,
• 7:25
  you
• 7:26
  want
• 7:26
  to
• 7:26
  have
• 7:26
  a
• 7:26
  business
• 7:26
  that
• 7:26
  makes
• 7:27
  you
• 7:27
  generous.
• 7:28
  Maybe
• 7:28
  you're
• 7:29
  supporting
• 7:29
  a
• 7:29
  family
• 7:30
  or
• 7:30
  maybe
• 7:31
  you're
• 7:31
  trying
• 7:31
  to
• 7:31
  build
• 7:31
  some
• 7:32
  long
• 7:32
  term
• 7:32
  independence.
• 7:34
  Well,
• 7:34
  if
• 7:34
  you
• 7:34
  don't
• 7:35
  have
• 7:35
  a
• 7:35
  vision
• 7:35
  from
• 7:35
  the
• 7:36
  front
• 7:36
  end
• 7:36
  of
• 7:36
  that,
• 7:37
  the
• 7:37
  business
• 7:38
  can
• 7:38
  grow
• 7:38
  while
• 7:38
  the
• 7:38
  owner's
• 7:39
  life
• 7:39
  doesn't
• 7:39
  improve.
• 7:40
  I've
• 7:40
  got
• 7:40
  so
• 7:40
  many
• 7:40
  clients
• 7:41
  I
• 7:41
  know
• 7:41
  of
• 7:41
  that
• 7:41
  their
• 7:42
  life
• 7:42
  is
• 7:42
  a
• 7:42
  mess.
• 7:42
  The
• 7:43
  business
• 7:43
  is
• 7:43
  great,
• 7:45
  but
• 7:45
  their
• 7:45
  life
• 7:45
  is
• 7:46
  a
• 7:46
  mess.
• 7:47
  So
• 7:48
  ask
• 7:48
  yourself
• 7:48
  some
• 7:49
  really
• 7:49
  difficult
• 7:49
  questions.
• 7:50
  What
• 7:51
  kind
• 7:51
  of
• 7:51
  life
• 7:51
  is
• 7:52
  this
• 7:52
  business
• 7:52
  supposed
• 7:53
  to
• 7:53
  support?
• 7:54
  What
• 7:54
  do
• 7:55
  I
• 7:55
  want
• 7:55
  this
• 7:55
  business
• 7:55
  to
• 7:56
  be
• 7:56
  able
• 7:56
  to
• 7:56
  do
• 7:56
  to
• 7:56
  make
• 7:57
  things
• 7:57
  possible
• 7:57
  in
• 7:57
  my
• 7:58
  personal
• 7:58
  life?
• 7:59
  Am
• 7:59
  I
• 8:00
  building
• 8:00
  for
• 8:00
  freedom?
• 8:01
  Am
• 8:01
  I
• 8:01
  building
• 8:02
  for
• 8:02
  flexibility?
• 8:03
  Am
• 8:03
  I
• 8:03
  building
• 8:04
  for
• 8:04
  security?
• 8:04
  Am
• 8:05
  I
• 8:05
  building
• 8:05
  for
• 8:05
  growth?
• 8:07
  And
• 8:07
  what
• 8:07
  does
• 8:07
  sustainable
• 8:08
  actually
• 8:08
  look
• 8:09
  like
• 8:09
  for
• 8:09
  me?
• 8:10
  And
• 8:10
  then
• 8:11
  ask
• 8:11
  yourself,
• 8:11
  is
• 8:12
  my
• 8:12
  current
• 8:12
  money
• 8:12
  system
• 8:13
  supporting
• 8:13
  that
• 8:13
  vision?
• 8:15
  Because
• 8:15
  if
• 8:15
  you
• 8:15
  don't
• 8:15
  define
• 8:16
  what
• 8:16
  the
• 8:16
  business
• 8:16
  is
• 8:17
  meant
• 8:17
  to
• 8:17
  support,
• 8:19
  your
• 8:19
  business
• 8:20
  can
• 8:20
  grow
• 8:20
  while
• 8:20
  your
• 8:21
  life
• 8:21
  gets
• 8:21
  more
• 8:21
  stressful.
• 8:23
  Well,
• 8:23
  let's
• 8:23
  go
• 8:23
  to
• 8:23
  I.
• 8:24
  We
• 8:24
  got
• 8:24
  to
• 8:24
  identify
• 8:25
  timing
• 8:25
  and
• 8:25
  build
• 8:26
  a
• 8:26
  timeline.
• 8:27
  The
• 8:28
  truth
• 8:28
  is
• 8:28
  self
• 8:28
  employment
• 8:29
  income
• 8:29
  can
• 8:29
  be
• 8:30
  uneven.
• 8:30
  That's
• 8:31
  one
• 8:31
  of
• 8:31
  the
• 8:31
  problems
• 8:31
  of
• 8:31
  being
• 8:31
  self
• 8:32
  employed.
• 8:32
  It's,
• 8:32
  it
• 8:32
  can
• 8:32
  be
• 8:33
  like
• 8:33
  an
• 8:33
  up
• 8:33
  and
• 8:33
  down
• 8:34
  roller
• 8:34
  coaster.
• 8:35
  You
• 8:35
  might
• 8:35
  have
• 8:35
  a
• 8:36
  strong
• 8:36
  month
• 8:36
  and
• 8:37
  then
• 8:37
  you
• 8:37
  might
• 8:37
  have
• 8:37
  crickets,
• 8:39
  taxes,
• 8:39
  insurance,
• 8:40
  retirement
• 8:41
  equipment,
• 8:42
  Emergencies
• 8:43
  and
• 8:43
  business
• 8:43
  expenses
• 8:44
  all
• 8:44
  need
• 8:45
  planning
• 8:45
  to
• 8:46
  go
• 8:46
  through
• 8:46
  those
• 8:46
  cycles.
• 8:48
  And
• 8:48
  unfortunately,
• 8:49
  a
• 8:49
  system
• 8:49
  that
• 8:49
  works
• 8:50
  today
• 8:51
  might
• 8:51
  not
• 8:51
  hold
• 8:51
  up
• 8:51
  later
• 8:52
  unless
• 8:52
  it's
• 8:52
  built
• 8:53
  intentionally.
• 8:54
  So
• 8:55
  this
• 8:55
  is
• 8:55
  the
• 8:55
  time
• 8:55
  where
• 8:55
  you
• 8:56
  got
• 8:56
  to
• 8:56
  start
• 8:56
  thinking
• 8:56
  ahead.
• 8:57
  Here's
• 8:57
  some
• 8:57
  areas
• 8:58
  that
• 8:58
  you
• 8:58
  might
• 8:58
  want
• 8:58
  to
• 8:58
  think
• 8:59
  about.
• 9:00
  Tax
• 9:00
  planning.
• 9:01
  It's
• 9:01
  not
• 9:01
  just
• 9:01
  tax
• 9:01
  preparation,
• 9:02
  it's
• 9:02
  the
• 9:03
  tax
• 9:03
  planning,
• 9:04
  retirement
• 9:05
  planning.
• 9:05
  A
• 9:05
  lot
• 9:05
  of
• 9:05
  small
• 9:06
  business
• 9:06
  people,
• 9:07
  self
• 9:07
  employed
• 9:07
  people
• 9:08
  don't
• 9:08
  think
• 9:08
  about
• 9:08
  that.
• 9:09
  You
• 9:09
  got
• 9:09
  to
• 9:10
  think
• 9:10
  about
• 9:10
  building
• 9:10
  emergency
• 9:11
  reserves,
• 9:12
  some
• 9:12
  business
• 9:13
  reserves.
• 9:14
  You
• 9:14
  mentioned
• 9:14
  insurance.
• 9:15
  Big
• 9:16
  thing
• 9:16
  to
• 9:16
  think
• 9:16
  about
• 9:17
  building
• 9:17
  that
• 9:18
  long
• 9:18
  term
• 9:18
  saving,
• 9:19
  building
• 9:20
  future
• 9:20
  investments
• 9:21
  and
• 9:22
  maybe
• 9:22
  income
• 9:23
  replacement
• 9:23
  if
• 9:23
  work
• 9:24
  slows
• 9:24
  down.
• 9:25
  Because
• 9:25
  what
• 9:26
  feels
• 9:26
  manageable
• 9:27
  today
• 9:27
  might
• 9:27
  not
• 9:27
  hold
• 9:27
  up
• 9:28
  later
• 9:28
  without
• 9:28
  that
• 9:29
  structure
• 9:29
  being
• 9:30
  built
• 9:30
  in.
• 9:31
  But
• 9:31
  let's
• 9:31
  go
• 9:31
  to
• 9:31
  T.
• 9:32
  We
• 9:32
  got
• 9:32
  to
• 9:32
  think
• 9:32
  of
• 9:32
  options
• 9:33
  to
• 9:33
  build
• 9:33
  that
• 9:33
  structure.
• 9:34
  We're
• 9:34
  going
• 9:35
  to
• 9:35
  brainstorm.
• 9:36
  You've
• 9:37
  got
• 9:37
  more
• 9:37
  control
• 9:38
  than
• 9:38
  a
• 9:38
  traditional
• 9:38
  employee.
• 9:39
  But
• 9:40
  what
• 9:40
  comes
• 9:40
  alongside
• 9:40
  of
• 9:41
  that
• 9:41
  is
• 9:41
  you
• 9:41
  also
• 9:41
  have
• 9:42
  more
• 9:42
  responsibility,
• 9:43
  you
• 9:44
  got
• 9:44
  more
• 9:44
  decisions
• 9:45
  to
• 9:45
  make.
• 9:46
  And
• 9:46
  there's
• 9:46
  not
• 9:46
  one
• 9:47
  universal
• 9:47
  system.
• 9:48
  If
• 9:48
  you
• 9:48
  thought
• 9:48
  I
• 9:49
  was
• 9:49
  going
• 9:49
  to
• 9:49
  say
• 9:49
  to
• 9:49
  you
• 9:49
  today,
• 9:50
  here's
• 9:50
  the
• 9:50
  way
• 9:50
  to
• 9:50
  do
• 9:51
  it,
• 9:51
  I'm
• 9:51
  sorry,
• 9:51
  there
• 9:52
  is
• 9:52
  no
• 9:52
  universal
• 9:53
  system
• 9:53
  that
• 9:54
  fits
• 9:54
  every
• 9:54
  self
• 9:55
  employed
• 9:55
  person.
• 9:56
  You've
• 9:57
  got
• 9:57
  to
• 9:57
  consider
• 9:57
  what
• 9:58
  options
• 9:58
  are
• 9:58
  available
• 9:59
  for
• 9:59
  you
• 10:00
  and
• 10:00
  what
• 10:00
  fits
• 10:00
  your
• 10:01
  situation.
• 10:02
  Now
• 10:02
  I'm
• 10:03
  not
• 10:03
  going
• 10:03
  to
• 10:03
  tell
• 10:03
  you
• 10:03
  that
• 10:03
  there
• 10:03
  isn't
• 10:04
  professional
• 10:04
  guidance
• 10:05
  out
• 10:05
  there
• 10:05
  because
• 10:05
  I
• 10:06
  am.
• 10:06
  That's
• 10:06
  what
• 10:06
  I
• 10:07
  do.
• 10:07
  That
• 10:08
  could
• 10:08
  be
• 10:08
  valuable,
• 10:09
  especially
• 10:09
  around
• 10:09
  taxes.
• 10:10
  This
• 10:11
  is
• 10:11
  a
• 10:11
  time
• 10:11
  to
• 10:11
  meet
• 10:11
  with
• 10:12
  somebody,
• 10:12
  understand
• 10:13
  the
• 10:13
  entity
• 10:13
  structure,
• 10:14
  help
• 10:15
  them
• 10:15
  build
• 10:15
  retirement
• 10:15
  accounts,
• 10:16
  get
• 10:16
  in
• 10:17
  front
• 10:17
  of
• 10:17
  that
• 10:17
  insurance
• 10:18
  person
• 10:19
  because
• 10:19
  you
• 10:19
  got
• 10:19
  to
• 10:20
  start
• 10:20
  thinking
• 10:20
  about
• 10:20
  how
• 10:20
  you're
• 10:21
  going
• 10:21
  to
• 10:21
  pay
• 10:21
  yourself.
• 10:22
  How
• 10:22
  much
• 10:23
  money
• 10:23
  do
• 10:23
  you
• 10:23
  leave
• 10:23
  in
• 10:24
  the
• 10:24
  business?
• 10:25
  How
• 10:25
  much
• 10:25
  do
• 10:25
  you
• 10:25
  need
• 10:25
  to
• 10:26
  set
• 10:26
  aside
• 10:26
  for
• 10:26
  taxes
• 10:27
  and
• 10:27
  reserves?
• 10:28
  How
• 10:28
  are
• 10:29
  you
• 10:29
  going
• 10:29
  to
• 10:29
  handle
• 10:29
  those
• 10:29
  slow
• 10:30
  months?
• 10:31
  How
• 10:31
  do
• 10:31
  you
• 10:31
  protect
• 10:32
  what
• 10:32
  income
• 10:32
  you're
• 10:32
  building?
• 10:33
  How
• 10:33
  do
• 10:33
  you
• 10:33
  plan
• 10:34
  for
• 10:34
  retirement?
• 10:35
  How
• 10:35
  do
• 10:35
  you
• 10:36
  ensure
• 10:36
  against
• 10:36
  major
• 10:37
  risks?
• 10:38
  And
• 10:38
  like
• 10:38
  I
• 10:38
  said,
• 10:39
  how
• 10:39
  do
• 10:39
  you
• 10:39
  separate
• 10:40
  your
• 10:40
  business
• 10:40
  goals
• 10:41
  from
• 10:41
  personal
• 10:42
  goals?
• 10:43
  The
• 10:43
  beauty
• 10:44
  of
• 10:44
  being
• 10:44
  self
• 10:44
  employed
• 10:45
  is
• 10:45
  you
• 10:45
  have
• 10:45
  flexibility.
• 10:47
  But
• 10:47
  flexibility
• 10:48
  without
• 10:48
  structure
• 10:49
  can
• 10:49
  quickly
• 10:49
  come
• 10:50
  confusion.
• 10:51
  But
• 10:51
  let's
• 10:52
  move
• 10:52
  on
• 10:52
  to
• 10:52
  age
• 10:52
  because
• 10:53
  all
• 10:53
  the
• 10:53
  things
• 10:53
  we
• 10:53
  talked
• 10:53
  about
• 10:54
  are
• 10:54
  great,
• 10:54
  but
• 10:55
  now
• 10:55
  we
• 10:55
  got
• 10:55
  to
• 10:55
  pivot
• 10:56
  into
• 10:56
  a
• 10:56
  plan.
• 10:57
  This
• 10:58
  is
• 10:58
  where
• 10:58
  that
• 10:58
  stability
• 10:59
  gets
• 10:59
  created.
• 10:59
  Because
• 11:00
  honestly,
• 11:00
  the
• 11:00
  big
• 11:01
  answer
• 11:01
  for
• 11:02
  today
• 11:02
  is
• 11:03
  building
• 11:03
  stability.
• 11:04
  You
• 11:04
  don't
• 11:05
  need
• 11:05
  to
• 11:05
  build
• 11:05
  some
• 11:06
  complicated
• 11:06
  system.
• 11:07
  You
• 11:08
  just
• 11:08
  need
• 11:08
  something
• 11:08
  that
• 11:09
  you're
• 11:09
  going
• 11:09
  to
• 11:09
  use
• 11:10
  that's
• 11:10
  clear
• 11:10
  and
• 11:11
  repeatable.
• 11:12
  You've
• 11:13
  got
• 11:13
  to
• 11:13
  think
• 11:13
  about
• 11:13
  big
• 11:14
  picture.
• 11:14
  You've
• 11:15
  got
• 11:15
  to
• 11:15
  make
• 11:15
  money
• 11:15
  decisions
• 11:16
  less
• 11:16
  reactive.
• 11:17
  If
• 11:18
  you've
• 11:18
  got
• 11:18
  a
• 11:18
  system
• 11:18
  in
• 11:19
  place,
• 11:19
  you
• 11:19
  can
• 11:20
  Break
• 11:20
  that
• 11:20
  reactivity
• 11:21
  cycle
• 11:22
  and
• 11:22
  then
• 11:22
  you
• 11:23
  know
• 11:23
  what
• 11:23
  to
• 11:23
  do.
• 11:23
  Every
• 11:24
  time
• 11:24
  money
• 11:24
  comes
• 11:24
  in.
• 11:25
  I'm
• 11:25
  going
• 11:25
  to
• 11:25
  give
• 11:25
  you
• 11:25
  some
• 11:26
  recommended
• 11:26
  things.
• 11:26
  First
• 11:27
  thing,
• 11:27
  separate
• 11:28
  your
• 11:28
  business
• 11:28
  and
• 11:29
  personal
• 11:29
  accounts.
• 11:29
  You've
• 11:30
  got
• 11:30
  to
• 11:30
  do
• 11:30
  that.
• 11:31
  Create
• 11:31
  a
• 11:32
  consistent
• 11:32
  owner
• 11:33
  pay
• 11:33
  rhythm
• 11:33
  for
• 11:33
  yourself.
• 11:34
  Set
• 11:35
  aside
• 11:35
  taxes
• 11:36
  from
• 11:36
  every
• 11:36
  single
• 11:37
  dollar
• 11:37
  that
• 11:37
  comes
• 11:37
  in
• 11:38
  the
• 11:38
  door.
• 11:39
  Build
• 11:39
  a
• 11:39
  business
• 11:39
  reserved.
• 11:41
  Build
• 11:41
  a
• 11:41
  personal
• 11:41
  emergency
• 11:42
  fund
• 11:42
  build.
• 11:43
  Review
• 11:43
  those
• 11:43
  insurance
• 11:44
  needs.
• 11:45
  Don't
• 11:45
  forget
• 11:46
  to
• 11:46
  create
• 11:46
  that
• 11:46
  retirement
• 11:47
  plan
• 11:47
  and
• 11:48
  review
• 11:48
  those
• 11:49
  systems
• 11:49
  monthly.
• 11:50
  As
• 11:50
  I
• 11:51
  said,
• 11:51
  structure
• 11:52
  doesn't
• 11:52
  have
• 11:52
  to
• 11:52
  be
• 11:52
  complicated,
• 11:53
  but
• 11:54
  it's
• 11:54
  got
• 11:54
  to
• 11:54
  be
• 11:54
  intentional.
• 11:56
  Every
• 11:56
  single
• 11:56
  dollar
• 11:57
  that
• 11:57
  comes
• 11:57
  into
• 11:57
  the
• 11:58
  business
• 11:58
  should
• 11:58
  have
• 11:58
  a
• 11:59
  place
• 11:59
  to
• 11:59
  go.
• 11:59
  Like
• 12:00
  I
• 12:00
  said,
• 12:00
  taxes,
• 12:01
  your
• 12:01
  pay,
• 12:02
  reserves,
• 12:03
  expenses.
• 12:04
  Don't
• 12:04
  forget
• 12:04
  about
• 12:05
  giving
• 12:05
  savings
• 12:06
  and
• 12:06
  future
• 12:06
  growth.
• 12:07
  That
• 12:08
  structure
• 12:08
  is
• 12:09
  going
• 12:09
  to
• 12:09
  remove
• 12:09
  stress.
• 12:11
  But
• 12:11
  as
• 12:11
  we're
• 12:11
  talking
• 12:11
  about
• 12:12
  stress,
• 12:12
  let's
• 12:12
  not
• 12:12
  forget
• 12:13
  about
• 12:13
  our
• 12:13
  f.
• 12:14
  And
• 12:14
  that's
• 12:15
  faith
• 12:15
  and
• 12:15
  surrender.
• 12:17
  Self
• 12:17
  employment
• 12:18
  can
• 12:18
  feel
• 12:18
  lonely.
• 12:19
  You
• 12:19
  might
• 12:20
  feel
• 12:20
  like
• 12:20
  you're
• 12:20
  on
• 12:20
  an
• 12:20
  island
• 12:21
  all
• 12:21
  by
• 12:21
  yourself
• 12:23
  and
• 12:23
  you're
• 12:23
  going
• 12:23
  to
• 12:23
  feel
• 12:23
  that
• 12:24
  weight
• 12:24
  of
• 12:24
  every
• 12:25
  single
• 12:25
  decision
• 12:25
  just
• 12:26
  falling
• 12:26
  right
• 12:26
  on
• 12:27
  you.
• 12:27
  Hey,
• 12:27
  you're
• 12:27
  the
• 12:27
  board
• 12:28
  of
• 12:28
  directors,
• 12:28
  you're
• 12:29
  the
• 12:29
  chief
• 12:29
  operating
• 12:30
  officer.
• 12:30
  You're
• 12:30
  all
• 12:31
  of
• 12:31
  those
• 12:31
  things.
• 12:32
  Add
• 12:32
  to
• 12:33
  that
• 12:33
  that
• 12:33
  pressure
• 12:33
  to
• 12:34
  provide,
• 12:35
  that
• 12:35
  pressure
• 12:35
  to
• 12:35
  plan
• 12:36
  and
• 12:36
  protect
• 12:36
  and
• 12:37
  to
• 12:37
  make
• 12:37
  the
• 12:37
  right
• 12:38
  decisions.
• 12:39
  But
• 12:40
  God's
• 12:40
  not
• 12:40
  only
• 12:40
  interested
• 12:41
  in
• 12:41
  what
• 12:41
  you
• 12:41
  build,
• 12:42
  he's
• 12:42
  interested
• 12:43
  in
• 12:43
  how
• 12:43
  you
• 12:43
  build
• 12:43
  it.
• 12:45
  So
• 12:45
  look
• 12:45
  to
• 12:45
  him
• 12:45
  for
• 12:46
  wisdom.
• 12:47
  Ask
• 12:47
  him
• 12:47
  how
• 12:47
  you
• 12:48
  can
• 12:48
  find
• 12:48
  a
• 12:48
  way
• 12:48
  to
• 12:49
  walk
• 12:49
  in
• 12:49
  peace
• 12:49
  and
• 12:50
  give
• 12:50
  yourself
• 12:50
  some
• 12:50
  grace.
• 12:52
  Listen,
• 12:52
  as
• 12:52
  a
• 12:52
  small
• 12:53
  business
• 12:53
  owner,
• 12:53
  you're
• 12:54
  going
• 12:54
  to
• 12:54
  make
• 12:54
  mistakes.
• 12:56
  You
• 12:56
  got
• 12:56
  to
• 12:56
  realize
• 12:57
  you're
• 12:57
  growing
• 12:57
  into
• 12:58
  this.
• 13:00
  So
• 13:00
  reach
• 13:00
  out
• 13:00
  to
• 13:00
  the
• 13:00
  Lord.
• 13:01
  Ask
• 13:01
  him
• 13:01
  for
• 13:01
  help
• 13:02
  in
• 13:02
  building
• 13:02
  the
• 13:02
  foundation
• 13:03
  that
• 13:03
  lasts.
• 13:04
  Ask
• 13:05
  them
• 13:05
  to
• 13:05
  help
• 13:05
  you
• 13:06
  guide
• 13:06
  your
• 13:06
  decisions
• 13:07
  and
• 13:07
  give
• 13:07
  you
• 13:07
  wisdom.
• 13:09
  God's
• 13:10
  interested
• 13:10
  in
• 13:10
  how
• 13:10
  you
• 13:11
  build
• 13:11
  this.
• 13:12
  But
• 13:12
  then
• 13:13
  I
• 13:13
  want
• 13:13
  to
• 13:13
  talk
• 13:13
  about
• 13:13
  you
• 13:14
  and
• 13:14
  that's
• 13:14
  you
• 13:14
  got
• 13:14
  to
• 13:14
  understand
• 13:15
  the
• 13:15
  progress
• 13:15
  and
• 13:16
  help
• 13:16
  build
• 13:16
  that
• 13:16
  momentum.
• 13:18
  Maybe
• 13:18
  right
• 13:18
  now,
• 13:19
  today,
• 13:19
  after
• 13:19
  listening
• 13:20
  to
• 13:20
  this,
• 13:20
  you're
• 13:20
  going
• 13:20
  to
• 13:20
  open
• 13:21
  up
• 13:21
  that
• 13:21
  separate
• 13:21
  business
• 13:22
  account.
• 13:23
  Maybe
• 13:23
  you're
• 13:23
  going
• 13:23
  to
• 13:23
  create
• 13:24
  that
• 13:24
  tax
• 13:24
  savings
• 13:25
  account.
• 13:25
  You're
• 13:26
  going
• 13:26
  to
• 13:26
  put
• 13:26
  together
• 13:26
  a
• 13:27
  consistent
• 13:27
  owner's
• 13:28
  pay
• 13:28
  schedule.
• 13:29
  You're
• 13:29
  going
• 13:30
  to
• 13:30
  set
• 13:30
  aside
• 13:30
  a
• 13:30
  percentage
• 13:31
  of
• 13:31
  your
• 13:31
  income
• 13:32
  from
• 13:32
  taxes.
• 13:32
  You're
• 13:32
  going
• 13:33
  to
• 13:33
  build
• 13:33
  those
• 13:33
  reserves.
• 13:34
  Hey,
• 13:34
  maybe
• 13:34
  you
• 13:35
  call
• 13:35
  a
• 13:35
  tax
• 13:35
  professional.
• 13:36
  Hint,
• 13:36
  hint,
• 13:37
  it's
• 13:37
  a
• 13:37
  good
• 13:37
  idea.
• 13:38
  Review
• 13:39
  your
• 13:39
  insurance.
• 13:40
  Start
• 13:40
  making
• 13:41
  that
• 13:41
  retirement
• 13:42
  contribution
• 13:43
  and
• 13:43
  create
• 13:43
  those
• 13:44
  monthly
• 13:44
  check
• 13:45
  ins
• 13:45
  or
• 13:45
  weekly
• 13:46
  check
• 13:46
  ins.
• 13:48
  Progress
• 13:48
  is
• 13:49
  one
• 13:49
  system
• 13:49
  at
• 13:49
  a
• 13:50
  time.
• 13:50
  You're
• 13:50
  not
• 13:50
  going
• 13:50
  to
• 13:50
  do
• 13:51
  it
• 13:51
  all
• 13:51
  at
• 13:51
  once.
• 13:51
  Stability
• 13:52
  is
• 13:52
  built
• 13:53
  layer
• 13:53
  by
• 13:53
  layer.
• 13:55
  And
• 13:55
  what
• 13:55
  you're
• 13:55
  going
• 13:55
  to
• 13:55
  find
• 13:56
  is
• 13:56
  every
• 13:56
  improvement
• 13:57
  that
• 13:57
  you
• 13:57
  make
• 13:57
  is
• 13:57
  going
• 13:58
  to
• 13:58
  reduce
• 13:58
  that
• 13:58
  future
• 13:59
  stress.
• 14:00
  The
• 14:00
  goal
• 14:01
  is
• 14:01
  not
• 14:01
  perfection
• 14:02
  here.
• 14:02
  The
• 14:03
  goal
• 14:03
  is
• 14:03
  to
• 14:03
  build
• 14:03
  that
• 14:04
  stronger
• 14:05
  foundation.
• 14:06
  But
• 14:07
  then
• 14:07
  we
• 14:07
  got
• 14:07
  to
• 14:07
  look
• 14:07
  ahead.
• 14:08
  What
• 14:09
  is
• 14:09
  our
• 14:09
  next
• 14:09
  step?
• 14:11
  You
• 14:11
  might
• 14:11
  be
• 14:12
  feeling
• 14:12
  overwhelmed
• 14:13
  right
• 14:13
  now
• 14:13
  because
• 14:13
  there's
• 14:14
  so
• 14:14
  many
• 14:14
  things
• 14:14
  that
• 14:15
  need
• 14:15
  to
• 14:15
  be
• 14:15
  structured.
• 14:16
  First
• 14:17
  of
• 14:17
  all,
• 14:17
  don't
• 14:17
  try
• 14:17
  to
• 14:18
  fix
• 14:18
  everything
• 14:18
  today.
• 14:19
  Once
• 14:20
  you
• 14:20
  fix
• 14:20
  today's
• 14:20
  thing,
• 14:21
  what's
• 14:21
  tomorrow's
• 14:22
  thing,
• 14:22
  what's
• 14:22
  next
• 14:22
  week
• 14:23
  thing,
• 14:23
  what's
• 14:24
  the
• 14:24
  next
• 14:24
  system
• 14:25
  I
• 14:25
  can
• 14:25
  strengthen?
• 14:26
  Just
• 14:27
  take
• 14:27
  that
• 14:27
  one
• 14:27
  next
• 14:28
  clear
• 14:28
  step
• 14:28
  because
• 14:29
  that's
• 14:29
  going
• 14:29
  to
• 14:29
  create
• 14:29
  momentum.
• 14:31
  Here's
• 14:31
  the
• 14:31
  thing.
• 14:32
  I'll
• 14:32
  tell
• 14:32
  you
• 14:32
  about
• 14:32
  businesses.
• 14:33
  Real
• 14:34
  sustainable
• 14:34
  businesses
• 14:35
  are
• 14:35
  built
• 14:36
  through
• 14:36
  repeated
• 14:37
  intentional
• 14:38
  improvements.
• 14:39
  Ask
• 14:40
  yourself,
• 14:41
  what
• 14:41
  part
• 14:41
  of
• 14:41
  my
• 14:41
  system
• 14:42
  is
• 14:42
  weakest
• 14:42
  right
• 14:42
  now?
• 14:43
  I'm
• 14:43
  going
• 14:43
  to
• 14:43
  work
• 14:43
  on
• 14:43
  that.
• 14:44
  Is
• 14:44
  it
• 14:44
  taxes?
• 14:45
  Is
• 14:45
  it?
• 14:46
  I'm
• 14:46
  not
• 14:46
  paying
• 14:46
  myself
• 14:47
  routinely.
• 14:47
  I
• 14:48
  don't
• 14:48
  have
• 14:48
  any
• 14:48
  reserves.
• 14:49
  My
• 14:49
  insurance,
• 14:50
  I
• 14:50
  don't
• 14:50
  have
• 14:50
  a
• 14:50
  retirement
• 14:51
  plan.
• 14:52
  Maybe
• 14:52
  for
• 14:52
  you
• 14:52
  it's
• 14:53
  something
• 14:53
  simple
• 14:53
  as
• 14:53
  separating
• 14:54
  business
• 14:54
  and
• 14:55
  personal
• 14:55
  finances.
• 14:55
  That's
• 14:56
  a
• 14:56
  huge
• 14:56
  one.
• 14:57
  So
• 14:58
  ask
• 14:58
  yourself,
• 14:58
  what's
• 14:59
  one
• 14:59
  system
• 14:59
  I
• 15:00
  can
• 15:00
  improve
• 15:00
  this
• 15:00
  very
• 15:01
  week?
• 15:02
  But
• 15:03
  don't
• 15:03
  try
• 15:03
  to
• 15:03
  fix
• 15:03
  everything
• 15:04
  today.
• 15:05
  Just
• 15:05
  strengthen
• 15:06
  the
• 15:06
  next
• 15:06
  system.
• 15:08
  Sustainability
• 15:09
  doesn't
• 15:09
  come
• 15:10
  from
• 15:10
  income,
• 15:10
  it
• 15:11
  comes
• 15:11
  from
• 15:11
  structure.
• 15:13
  So
• 15:13
  here's
• 15:13
  your
• 15:13
  win
• 15:13
  for
• 15:14
  today.
• 15:14
  I
• 15:14
  just
• 15:14
  want
• 15:14
  to
• 15:15
  really
• 15:15
  encourage
• 15:15
  you
• 15:15
  to
• 15:16
  choose
• 15:16
  one
• 15:16
  system
• 15:17
  to
• 15:17
  strengthen
• 15:17
  this
• 15:17
  week.
• 15:18
  Just
• 15:19
  say
• 15:19
  to
• 15:19
  yourself,
• 15:19
  this
• 15:20
  week
• 15:20
  I'm
• 15:20
  going
• 15:21
  to
• 15:21
  improve
• 15:21
  this
• 15:22
  system.
• 15:23
  Maybe
• 15:23
  like
• 15:24
  I
• 15:24
  said
• 15:24
  this
• 15:24
  week,
• 15:24
  I'm
• 15:25
  going
• 15:25
  to
• 15:25
  improve
• 15:25
  my
• 15:25
  tax
• 15:25
  system,
• 15:26
  or
• 15:27
  I'm
• 15:27
  going
• 15:27
  to
• 15:27
  improve
• 15:27
  my
• 15:28
  owner's
• 15:28
  pay
• 15:29
  system,
• 15:29
  or
• 15:29
  I'm
• 15:29
  going
• 15:29
  to
• 15:30
  build
• 15:30
  those
• 15:30
  reserves.
• 15:31
  I'm
• 15:31
  going
• 15:31
  to
• 15:31
  talk
• 15:31
  to
• 15:31
  that
• 15:32
  insurance
• 15:32
  agent.
• 15:33
  I'm
• 15:33
  going
• 15:33
  to
• 15:33
  finally
• 15:34
  fund
• 15:34
  that
• 15:34
  retirement
• 15:35
  account.
• 15:35
  I'm
• 15:36
  going
• 15:36
  to
• 15:36
  do
• 15:36
  a
• 15:36
  better
• 15:36
  job
• 15:37
  of
• 15:37
  separating
• 15:38
  stuff,
• 15:39
  but
• 15:39
  write
• 15:39
  it
• 15:40
  down,
• 15:41
  make
• 15:41
  it
• 15:41
  specific
• 15:42
  and
• 15:43
  take
• 15:43
  one
• 15:43
  action
• 15:44
  towards
• 15:44
  it
• 15:45
  because
• 15:46
  structure
• 15:46
  creates
• 15:47
  stability.
• 15:48
  Well,
• 15:48
  now
• 15:49
  let's
• 15:49
  get
• 15:49
  to
• 15:49
  our
• 15:49
  Bible
• 15:50
  verse
• 15:50
  today.
• 15:50
  I
• 15:50
  found
• 15:50
  this
• 15:51
  one
• 15:51
  in
• 15:51
  the
• 15:51
  book
• 15:51
  of
• 15:51
  Luke,
• 15:52
  chapter
• 15:52
  14,
• 15:53
  verse
• 15:53
  28.
• 15:55
  Suppose
• 15:55
  one
• 15:55
  of
• 15:55
  you
• 15:56
  wants
• 15:56
  to
• 15:56
  build
• 15:56
  a
• 15:56
  tower.
• 15:57
  Won't
• 15:58
  you
• 15:58
  first
• 15:58
  sit
• 15:58
  down
• 15:58
  and
• 15:59
  estimate
• 15:59
  the
• 15:59
  cost
• 16:00
  to
• 16:00
  see
• 16:00
  if
• 16:00
  you
• 16:00
  have
• 16:01
  enough
• 16:01
  to
• 16:01
  complete
• 16:01
  it?
• 16:03
  Friend,
• 16:03
  Building
• 16:04
  something
• 16:04
  that
• 16:04
  lasts
• 16:06
  requires
• 16:06
  planning.
• 16:07
  It
• 16:07
  requires
• 16:08
  structure
• 16:09
  and
• 16:09
  it
• 16:09
  requires
• 16:10
  intentional
• 16:10
  decisions.
• 16:11
  How
• 16:12
  about
• 16:12
  we
• 16:12
  pray
• 16:12
  together?
• 16:13
  Heavenly
• 16:14
  Father,
• 16:15
  we
• 16:15
  lift
• 16:15
  up
• 16:15
  those
• 16:16
  building
• 16:16
  something
• 16:16
  through
• 16:17
  their
• 16:17
  work
• 16:17
  and
• 16:17
  business.
• 16:19
  And
• 16:19
  you
• 16:19
  see
• 16:20
  their
• 16:20
  effort,
• 16:21
  you
• 16:21
  see
• 16:22
  their
• 16:22
  responsibility
• 16:23
  that
• 16:23
  they're
• 16:23
  shoulder
• 16:23
  and
• 16:24
  you
• 16:24
  see
• 16:24
  their
• 16:24
  desire
• 16:24
  to
• 16:25
  do
• 16:25
  this
• 16:25
  well,
• 16:25
  Lord,
• 16:26
  give
• 16:27
  them
• 16:27
  wisdom
• 16:27
  right
• 16:28
  now
• 16:28
  to
• 16:28
  structure
• 16:29
  their
• 16:29
  finances.
• 16:30
  Give
• 16:30
  them
• 16:31
  discipline
• 16:31
  to
• 16:31
  stay
• 16:32
  consistent
• 16:32
  and
• 16:33
  give
• 16:33
  them
• 16:33
  peace
• 16:33
  as
• 16:34
  they
• 16:34
  move
• 16:34
  forward.
• 16:35
  Help
• 16:36
  them
• 16:36
  to
• 16:36
  build
• 16:36
  a
• 16:36
  foundation
• 16:37
  that
• 16:37
  is
• 16:37
  strong
• 16:38
  and
• 16:38
  steady,
• 16:39
  not
• 16:39
  one
• 16:40
  that's
• 16:40
  driven
• 16:40
  by
• 16:40
  fear
• 16:41
  but
• 16:41
  truly
• 16:41
  guided
• 16:42
  by
• 16:42
  wisdom.
• 16:44
  Remind
• 16:44
  them
• 16:44
  they're
• 16:44
  not
• 16:44
  alone
• 16:45
  in
• 16:45
  what
• 16:45
  they're
• 16:45
  building
• 16:45
  and
• 16:46
  you're
• 16:46
  right
• 16:46
  with
• 16:46
  us
• 16:46
  all
• 16:47
  the
• 16:47
  time,
• 16:47
  Lord.
• 16:47
  And
• 16:47
  we
• 16:48
  just
• 16:48
  ask
• 16:48
  this
• 16:48
  in
• 16:48
  Jesus
• 16:49
  name.
• 16:50
  Amen,
• 16:52
  friend.
• 16:52
  I
• 16:53
  want
• 16:53
  you
• 16:53
  to
• 16:53
  hear
• 16:53
  this.
• 16:54
  That
• 16:55
  structure
• 16:55
  you're
• 16:55
  building
• 16:56
  now
• 16:56
  is
• 16:57
  going
• 16:57
  to
• 16:57
  protect
• 16:57
  everything
• 16:58
  you're
• 16:58
  building
• 16:58
  later.
• 17:00
  So
• 17:00
  today
• 17:01
  choose
• 17:01
  one
• 17:02
  system
• 17:02
  to
• 17:02
  strengthen.
• 17:02
  Maybe
• 17:03
  it's
• 17:03
  taxes,
• 17:04
  maybe
• 17:04
  it's
• 17:04
  owner's
• 17:05
  pay.
• 17:05
  We've
• 17:06
  gone
• 17:06
  through
• 17:06
  those
• 17:06
  lists
• 17:06
  of
• 17:06
  those
• 17:07
  things.
• 17:08
  But
• 17:08
  finish
• 17:08
  that
• 17:09
  system
• 17:09
  this
• 17:10
  week.
• 17:10
  I'm
• 17:10
  going
• 17:10
  to
• 17:10
  improve
• 17:11
  my
• 17:11
  system
• 17:12
  and
• 17:12
  then
• 17:13
  take
• 17:13
  one
• 17:13
  clear
• 17:13
  step.
• 17:14
  And
• 17:15
  if
• 17:15
  you've
• 17:15
  got
• 17:15
  a
• 17:15
  question
• 17:16
  that
• 17:16
  you
• 17:16
  want
• 17:16
  me
• 17:16
  to
• 17:16
  walk
• 17:16
  through
• 17:17
  on
• 17:17
  the
• 17:17
  show,
• 17:17
  I
• 17:17
  would
• 17:18
  love
• 17:18
  to
• 17:18
  hear
• 17:18
  from
• 17:18
  you.
• 17:19
  Head
• 17:19
  over
• 17:19
  to
• 17:19
  financiallyconfidentchristian.com/question
• 17:22
  Again,
• 17:23
  that's
• 17:24
  financiallyconfidentchristian.com/question.
• 17:28
  Thank
• 17:28
  you
• 17:28
  so
• 17:29
  much
• 17:29
  for
• 17:29
  joining
• 17:29
  me
• 17:29
  today.
• 17:30
  I
• 17:30
  want
• 17:30
  to
• 17:30
  encourage
• 17:31
  you
• 17:31
  as
• 17:31
  always,
• 17:31
  stay
• 17:32
  financially
• 17:32
  savvy.
• 17:33
  May
• 17:34
  God
• 17:34
  bless
• 17:34
  you.
• 17:35
  And
• 17:35
  you
• 17:35
  have
• 17:35
  a
• 17:35
  truly
• 17:36
  great
• 17:36
  day
• 17:36
  today.