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Are We Financially Ready for Marriage and Kids? · Becoming Financially Confident

• 0:37
  A
• 0:37
  listener
• 0:38
  wrote
• 0:38
  in,
• 0:38
  they're
• 0:38
  engaged.
• 0:39
  They're
• 0:40
  planning
• 0:40
  kids
• 0:40
  down
• 0:40
  the
• 0:40
  line
• 0:41
  and
• 0:41
  sitting
• 0:42
  on
• 0:42
  close
• 0:42
  to
• 0:42
  $800,000
• 0:44
  across
• 0:44
  four
• 0:44
  accounts.
• 0:45
  And
• 0:46
  his
• 0:46
  question
• 0:46
  was
• 0:46
  simple,
• 0:47
  how
• 0:48
  do
• 0:48
  I
• 0:48
  actually
• 0:49
  prepare
• 0:49
  for
• 0:49
  this?
• 0:50
  But
• 0:50
  here's
• 0:50
  the
• 0:51
  thing.
• 0:51
  Most
• 0:51
  people
• 0:52
  don't
• 0:52
  find
• 0:52
  out
• 0:52
  what
• 0:52
  a
• 0:53
  kid
• 0:53
  really
• 0:53
  costs
• 0:54
  until
• 0:54
  the
• 0:54
  bill
• 0:54
  is
• 0:54
  already
• 0:55
  due.
• 0:55
  And
• 0:56
  today
• 0:56
  we're
• 0:57
  going
• 0:57
  to
• 0:57
  get
• 0:57
  ahead
• 0:57
  of.
• 1:07
  Hello
• 1:07
  and
• 1:07
  welcome
• 1:07
  to
• 1:08
  Financially
• 1:08
  Confident
• 1:09
  Christian.
• 1:09
  I'm
• 1:09
  so
• 1:10
  glad
• 1:10
  you
• 1:10
  chose
• 1:10
  to
• 1:10
  join
• 1:11
  me
• 1:11
  today.
• 1:11
  And
• 1:12
  today's
• 1:12
  topic
• 1:13
  is
• 1:13
  more
• 1:13
  common
• 1:13
  than
• 1:14
  many
• 1:14
  people
• 1:14
  think.
• 1:15
  It's
• 1:16
  a
• 1:16
  time
• 1:16
  for
• 1:16
  opportunities,
• 1:17
  but
• 1:18
  it's
• 1:18
  also
• 1:18
  a
• 1:18
  time
• 1:18
  for
• 1:19
  grief.
• 1:19
  When
• 1:19
  you
• 1:19
  hear
• 1:19
  this
• 1:19
  question,
• 1:20
  you'll
• 1:20
  understand
• 1:20
  why
• 1:20
  I
• 1:20
  said
• 1:21
  grief.
• 1:21
  It's
• 1:22
  a
• 1:22
  time
• 1:22
  for
• 1:22
  responsibility.
• 1:23
  And
• 1:24
  yes,
• 1:24
  a
• 1:24
  bunch
• 1:25
  of
• 1:25
  unanswered
• 1:26
  questions.
• 1:26
  We're
• 1:27
  going
• 1:27
  to
• 1:27
  talk
• 1:27
  about
• 1:27
  inheritance,
• 1:28
  not
• 1:28
  just
• 1:29
  money.
• 1:29
  It's
• 1:30
  emotional.
• 1:31
  And
• 1:31
  our
• 1:31
  overall
• 1:32
  goal
• 1:32
  today
• 1:32
  is
• 1:33
  to
• 1:33
  steward
• 1:33
  these
• 1:33
  things
• 1:34
  wisely
• 1:34
  while
• 1:35
  preparing
• 1:35
  for
• 1:35
  marriage
• 1:36
  and
• 1:36
  family.
• 1:36
  So
• 1:37
  let's
• 1:37
  get
• 1:37
  right
• 1:37
  to
• 1:38
  the
• 1:38
  question
• 1:38
  today.
• 1:39
  Listener
• 1:39
  wrote
• 1:39
  this
• 1:39
  hi
• 1:40
  Ralph,
• 1:40
  I'm
• 1:41
  getting
• 1:41
  married
• 1:41
  in
• 1:41
  about
• 1:42
  two
• 1:42
  years
• 1:42
  and
• 1:43
  my
• 1:43
  fiance
• 1:43
  and
• 1:44
  I
• 1:44
  want
• 1:44
  to
• 1:44
  have
• 1:44
  kids
• 1:44
  down
• 1:45
  the
• 1:45
  line.
• 1:45
  I
• 1:46
  don't
• 1:46
  have
• 1:46
  an
• 1:46
  immediate
• 1:47
  timeline,
• 1:47
  but
• 1:48
  I
• 1:48
  want
• 1:48
  to
• 1:48
  make
• 1:48
  sure
• 1:48
  we're
• 1:49
  actually
• 1:49
  prepared
• 1:49
  instead
• 1:50
  of
• 1:50
  just
• 1:50
  winging
• 1:50
  it.
• 1:51
  Here's
• 1:52
  where
• 1:52
  I'm
• 1:52
  at
• 1:52
  financially.
• 1:53
  I
• 1:53
  moved
• 1:54
  out
• 1:54
  of
• 1:54
  my
• 1:54
  mom's
• 1:54
  place
• 1:54
  about
• 1:55
  a
• 1:55
  year
• 1:55
  ago,
• 1:55
  so
• 1:56
  I
• 1:56
  was
• 1:56
  able
• 1:56
  to
• 1:56
  save
• 1:57
  pretty
• 1:57
  aggressively.
• 1:58
  My
• 1:58
  dad
• 1:58
  passed
• 1:59
  away
• 1:59
  last
• 1:59
  year
• 2:00
  and
• 2:00
  I
• 2:00
  inherited
• 2:01
  around
• 2:01
  $400,000.
• 2:03
  Right
• 2:03
  now
• 2:04
  I've
• 2:04
  got
• 2:04
  about
• 2:05
  84,000
• 2:06
  in
• 2:06
  my
• 2:06
  Roth
• 2:06
  IRA.
• 2:07
  I've
• 2:08
  got
• 2:08
  72,000
• 2:09
  in
• 2:09
  my
• 2:09
  401K.
• 2:10
  I've
• 2:11
  got
• 2:11
  150,000
• 2:12
  in
• 2:13
  a
• 2:13
  managed
• 2:13
  brokerage
• 2:14
  and
• 2:15
  470,000
• 2:17
  in
• 2:17
  a
• 2:17
  self
• 2:18
  directed
• 2:18
  brokerage.
• 2:19
  We
• 2:19
  live
• 2:20
  in
• 2:20
  New
• 2:20
  York
• 2:20
  City,
• 2:20
  which
• 2:20
  I
• 2:21
  know
• 2:21
  isn't
• 2:21
  cheap.
• 2:22
  I
• 2:22
  haven't
• 2:23
  really
• 2:23
  looked
• 2:23
  into
• 2:23
  what
• 2:23
  it
• 2:24
  actually
• 2:24
  costs
• 2:24
  to
• 2:25
  raise
• 2:25
  a
• 2:25
  child
• 2:25
  or
• 2:25
  what
• 2:25
  the
• 2:26
  smart
• 2:26
  moves
• 2:26
  are
• 2:26
  financially
• 2:27
  before
• 2:27
  we
• 2:28
  have
• 2:28
  one.
• 2:29
  Ralph,
• 2:29
  are
• 2:29
  there
• 2:29
  specific
• 2:30
  things
• 2:30
  I
• 2:30
  should
• 2:30
  be
• 2:30
  doing
• 2:31
  with
• 2:31
  this
• 2:31
  money
• 2:31
  now?
• 2:32
  Should
• 2:32
  I
• 2:33
  be
• 2:33
  thinking
• 2:33
  about
• 2:33
  this
• 2:34
  differently
• 2:34
  because
• 2:34
  we're
• 2:34
  in
• 2:35
  New
• 2:35
  York
• 2:35
  City
• 2:36
  and,
• 2:36
  and
• 2:36
  is
• 2:36
  there
• 2:36
  anything
• 2:37
  I'm
• 2:37
  missing
• 2:38
  that
• 2:38
  most
• 2:38
  people
• 2:38
  don't
• 2:39
  think
• 2:39
  about
• 2:39
  until
• 2:40
  it's
• 2:40
  too
• 2:40
  late?
• 2:41
  Any
• 2:42
  insight
• 2:42
  would
• 2:42
  help.
• 2:43
  Thank
• 2:43
  you.
• 2:44
  Wow.
• 2:45
  Let
• 2:45
  me
• 2:45
  say
• 2:46
  this.
• 2:47
  You
• 2:47
  are
• 2:47
  in
• 2:47
  pretty
• 2:47
  good
• 2:48
  financial
• 2:48
  shape.
• 2:49
  When
• 2:49
  I
• 2:49
  look
• 2:50
  at
• 2:50
  what
• 2:50
  you
• 2:50
  have
• 2:50
  at
• 2:50
  your
• 2:51
  age,
• 2:52
  you're
• 2:52
  doing
• 2:52
  really
• 2:52
  well.
• 2:53
  But
• 2:53
  the
• 2:54
  fact
• 2:54
  that
• 2:54
  you're
• 2:54
  asking
• 2:54
  this
• 2:55
  question
• 2:55
  is
• 2:55
  great
• 2:55
  as
• 2:55
  well.
• 2:56
  And
• 2:56
  it
• 2:56
  reminds
• 2:56
  me,
• 2:56
  I
• 2:56
  had
• 2:56
  the
• 2:57
  same
• 2:57
  conversation
• 2:58
  with
• 2:58
  my
• 2:58
  oldest
• 2:59
  son
• 2:59
  about
• 2:59
  a
• 3:00
  year
• 3:00
  and
• 3:00
  a
• 3:00
  half
• 3:00
  ago.
• 3:01
  And
• 3:01
  if
• 3:01
  you
• 3:02
  listen
• 3:02
  to
• 3:02
  the
• 3:02
  show,
• 3:02
  you
• 3:03
  know,
• 3:03
  I
• 3:03
  had
• 3:03
  a
• 3:03
  grandson
• 3:04
  Born
• 3:04
  a
• 3:04
  couple
• 3:04
  weeks
• 3:05
  ago.
• 3:05
  So
• 3:06
  we
• 3:06
  had
• 3:06
  this
• 3:06
  very
• 3:06
  conversation.
• 3:07
  And
• 3:08
  I'm
• 3:08
  going
• 3:08
  to
• 3:08
  give
• 3:08
  you
• 3:08
  a
• 3:09
  lot
• 3:09
  of
• 3:09
  the
• 3:09
  same
• 3:09
  advice
• 3:10
  I
• 3:10
  gave
• 3:10
  him.
• 3:11
  But
• 3:11
  start
• 3:12
  off
• 3:12
  by
• 3:12
  saying
• 3:12
  this.
• 3:13
  You're
• 3:13
  not
• 3:13
  behind
• 3:14
  the
• 3:14
  thing
• 3:15
  that
• 3:15
  I
• 3:15
  hear,
• 3:15
  though.
• 3:15
  The
• 3:16
  overarching
• 3:16
  thing
• 3:17
  is
• 3:17
  it's
• 3:17
  time
• 3:18
  to
• 3:18
  start
• 3:18
  giving
• 3:18
  your
• 3:19
  money
• 3:19
  a
• 3:19
  mission.
• 3:20
  We
• 3:20
  got
• 3:20
  to
• 3:20
  build
• 3:21
  that
• 3:21
  marriage
• 3:21
  foundation.
• 3:22
  We
• 3:22
  got
• 3:22
  to
• 3:23
  plan
• 3:23
  with
• 3:23
  real
• 3:23
  numbers,
• 3:23
  because
• 3:24
  like
• 3:24
  you
• 3:24
  said,
• 3:24
  you're
• 3:24
  in
• 3:24
  New
• 3:25
  York
• 3:25
  City
• 3:25
  and
• 3:26
  we
• 3:26
  got
• 3:26
  to
• 3:26
  build
• 3:26
  this
• 3:27
  protection
• 3:27
  for
• 3:27
  the
• 3:27
  family.
• 3:28
  So
• 3:28
  let's
• 3:29
  get
• 3:29
  right
• 3:29
  to
• 3:29
  it.
• 3:29
  Number
• 3:30
  one
• 3:30
  thing,
• 3:30
  give
• 3:31
  this
• 3:31
  money
• 3:31
  a
• 3:31
  mission.
• 3:32
  This
• 3:33
  isn't
• 3:33
  just
• 3:33
  a
• 3:33
  portfolio
• 3:34
  to
• 3:34
  you.
• 3:34
  And
• 3:34
  this
• 3:34
  is
• 3:34
  where
• 3:35
  I
• 3:35
  want
• 3:35
  to
• 3:35
  bring
• 3:35
  in
• 3:35
  this
• 3:35
  inheritance.
• 3:36
  Because
• 3:37
  one
• 3:37
  of
• 3:37
  the
• 3:37
  things
• 3:37
  that
• 3:37
  I
• 3:37
  sensed
• 3:38
  in
• 3:38
  your
• 3:38
  email
• 3:39
  is
• 3:39
  this
• 3:40
  money's
• 3:40
  tied
• 3:40
  to
• 3:41
  dad
• 3:42
  and
• 3:42
  that
• 3:42
  brings
• 3:43
  a
• 3:43
  lot
• 3:43
  of
• 3:43
  memories
• 3:44
  and
• 3:45
  that
• 3:45
  brings
• 3:45
  loss.
• 3:45
  I
• 3:46
  had
• 3:46
  this
• 3:46
  very
• 3:46
  same
• 3:47
  situation
• 3:47
  with
• 3:47
  my
• 3:48
  mother.
• 3:49
  The
• 3:49
  money
• 3:49
  was
• 3:49
  part
• 3:50
  of
• 3:50
  it,
• 3:50
  but
• 3:50
  it
• 3:50
  was
• 3:50
  what
• 3:51
  was
• 3:51
  behind
• 3:51
  that
• 3:51
  money.
• 3:52
  I
• 3:52
  thought
• 3:52
  about
• 3:53
  the
• 3:53
  hard
• 3:53
  work
• 3:53
  that
• 3:54
  my
• 3:54
  mom
• 3:54
  put
• 3:54
  into
• 3:54
  it.
• 3:55
  And
• 3:55
  I'm
• 3:55
  betting
• 3:55
  you
• 3:56
  feel
• 3:56
  the
• 3:56
  same
• 3:56
  way
• 3:56
  with
• 3:56
  your
• 3:57
  dad.
• 3:58
  So
• 3:58
  you've
• 3:58
  got
• 3:58
  to
• 3:58
  take
• 3:58
  a
• 3:58
  moment
• 3:59
  right
• 3:59
  now
• 3:59
  and
• 3:59
  acknowledge
• 4:00
  that
• 4:00
  before
• 4:01
  there's
• 4:01
  any
• 4:01
  money
• 4:02
  moves,
• 4:02
  have
• 4:03
  some
• 4:03
  gratefulness
• 4:03
  for
• 4:04
  what
• 4:04
  your
• 4:04
  dad
• 4:04
  did,
• 4:05
  but
• 4:05
  also
• 4:06
  mourn
• 4:06
  that
• 4:06
  loss.
• 4:08
  The
• 4:08
  thing
• 4:08
  about
• 4:08
  these
• 4:09
  decisions,
• 4:10
  I
• 4:10
  always
• 4:10
  tell
• 4:10
  people,
• 4:11
  avoid
• 4:11
  making
• 4:12
  big
• 4:12
  decisions
• 4:13
  driven
• 4:13
  by
• 4:14
  fear
• 4:14
  or
• 4:15
  grief
• 4:15
  or
• 4:15
  this
• 4:16
  feeling
• 4:16
  like
• 4:16
  you've
• 4:16
  got
• 4:17
  this
• 4:17
  perfectness
• 4:17
  that
• 4:18
  you
• 4:18
  have
• 4:18
  to
• 4:18
  do.
• 4:18
  No
• 4:19
  one
• 4:19
  is
• 4:19
  perfect.
• 4:20
  So
• 4:21
  one
• 4:21
  thing
• 4:21
  you
• 4:21
  can
• 4:21
  do,
• 4:21
  and
• 4:22
  I
• 4:22
  really
• 4:22
  believe
• 4:22
  this,
• 4:23
  write
• 4:23
  a
• 4:23
  one
• 4:23
  page
• 4:24
  purpose
• 4:24
  statement.
• 4:26
  The
• 4:26
  things
• 4:26
  that
• 4:26
  came
• 4:26
  out
• 4:26
  in
• 4:27
  your
• 4:27
  email
• 4:27
  are
• 4:27
  this.
• 4:28
  These
• 4:28
  are
• 4:28
  the
• 4:28
  things
• 4:28
  that
• 4:28
  are
• 4:28
  important
• 4:28
  to
• 4:29
  you.
• 4:29
  And
• 4:29
  I
• 4:29
  would
• 4:29
  put
• 4:29
  these
• 4:29
  into
• 4:30
  your
• 4:30
  statement.
• 4:30
  You
• 4:31
  want
• 4:31
  stability
• 4:32
  in
• 4:32
  your
• 4:32
  marriage.
• 4:33
  You
• 4:33
  mentioned
• 4:34
  you
• 4:34
  want
• 4:34
  future
• 4:34
  kids.
• 4:35
  You
• 4:36
  mentioned
• 4:36
  New
• 4:36
  York
• 4:36
  City,
• 4:37
  which
• 4:37
  means
• 4:37
  there
• 4:37
  might
• 4:37
  be
• 4:38
  some
• 4:38
  flexibility
• 4:38
  here
• 4:39
  in
• 4:39
  your
• 4:39
  housing.
• 4:40
  Clearly
• 4:40
  you
• 4:40
  want
• 4:41
  to
• 4:41
  honor
• 4:41
  your
• 4:41
  dad.
• 4:42
  You
• 4:42
  want
• 4:42
  to
• 4:43
  avoid
• 4:43
  lifestyle
• 4:44
  creep.
• 4:44
  You
• 4:45
  want
• 4:45
  to
• 4:45
  have
• 4:45
  some
• 4:45
  long
• 4:46
  term
• 4:46
  security.
• 4:47
  And
• 4:48
  here's
• 4:48
  the
• 4:48
  thing.
• 4:48
  After
• 4:49
  doing
• 4:49
  this
• 4:49
  for
• 4:49
  30
• 4:49
  years
• 4:50
  and
• 4:50
  work
• 4:50
  with
• 4:50
  people
• 4:51
  of
• 4:51
  all
• 4:51
  income
• 4:52
  stripes,
• 4:53
  money
• 4:53
  with
• 4:54
  a
• 4:54
  mission
• 4:55
  makes
• 4:55
  it
• 4:55
  easier
• 4:56
  to
• 4:56
  make
• 4:56
  decisions.
• 4:57
  Because
• 4:58
  the
• 4:58
  truth
• 4:58
  is,
• 4:58
  in
• 4:59
  all
• 4:59
  the
• 4:59
  things
• 4:59
  that
• 4:59
  I've
• 4:59
  seen
• 5:00
  in
• 5:00
  my
• 5:00
  entire
• 5:01
  career,
• 5:02
  money
• 5:02
  is
• 5:02
  emotional
• 5:03
  before
• 5:04
  it's
• 5:04
  mathematical.
• 5:05
  All
• 5:06
  right,
• 5:06
  let's
• 5:06
  move
• 5:06
  on
• 5:06
  to
• 5:07
  the
• 5:07
  second
• 5:07
  step
• 5:08
  of
• 5:08
  this.
• 5:09
  You've
• 5:09
  got
• 5:09
  to
• 5:09
  build
• 5:10
  the
• 5:10
  Marriage
• 5:10
  Money
• 5:11
  Foundation.
• 5:11
  First,
• 5:11
  you
• 5:12
  mentioned
• 5:12
  it.
• 5:12
  You're
• 5:12
  already
• 5:12
  engaged
• 5:13
  and
• 5:13
  you're
• 5:14
  planning
• 5:14
  a
• 5:14
  wedding.
• 5:15
  Now,
• 5:15
  if
• 5:15
  you're
• 5:16
  like
• 5:16
  most
• 5:16
  traditional
• 5:17
  people,
• 5:17
  the
• 5:18
  marriage
• 5:18
  comes
• 5:18
  before
• 5:18
  the
• 5:19
  baby
• 5:19
  planning.
• 5:19
  Now,
• 5:19
  that
• 5:20
  doesn't
• 5:20
  always
• 5:20
  happen,
• 5:21
  but
• 5:21
  the
• 5:21
  thing
• 5:22
  is,
• 5:22
  we've
• 5:22
  got
• 5:22
  to
• 5:22
  build
• 5:23
  a
• 5:23
  strong
• 5:23
  foundation.
• 5:25
  So
• 5:25
  many
• 5:25
  People
• 5:25
  rush
• 5:26
  into
• 5:26
  having
• 5:26
  that
• 5:27
  baby.
• 5:27
  And
• 5:27
  if
• 5:27
  you've
• 5:28
  got
• 5:28
  that
• 5:28
  shaky
• 5:29
  foundation
• 5:29
  now,
• 5:30
  guess
• 5:30
  what?
• 5:31
  The
• 5:31
  baby
• 5:31
  is
• 5:32
  going
• 5:32
  to
• 5:32
  expose
• 5:32
  it
• 5:33
  very
• 5:33
  fast.
• 5:34
  This
• 5:34
  is
• 5:34
  the
• 5:35
  time
• 5:35
  to
• 5:35
  sit
• 5:35
  down
• 5:36
  with
• 5:36
  your
• 5:36
  partner
• 5:37
  and
• 5:37
  have
• 5:37
  an
• 5:38
  open
• 5:38
  discussion.
• 5:39
  Build
• 5:40
  some
• 5:40
  timelines
• 5:41
  together.
• 5:41
  Ask
• 5:42
  some
• 5:42
  tough
• 5:42
  questions.
• 5:43
  These
• 5:43
  are
• 5:43
  the
• 5:43
  things
• 5:44
  that
• 5:44
  cause
• 5:44
  strife
• 5:45
  in
• 5:45
  a
• 5:45
  relationship.
• 5:46
  Talk
• 5:46
  about
• 5:47
  how
• 5:47
  you
• 5:47
  each
• 5:47
  grew
• 5:47
  up
• 5:48
  around
• 5:48
  money.
• 5:49
  Each
• 5:49
  of
• 5:49
  you
• 5:49
  is
• 5:49
  bringing
• 5:49
  different
• 5:50
  things
• 5:50
  to
• 5:50
  this
• 5:50
  relationship.
• 5:52
  Listen,
• 5:52
  you've
• 5:52
  got
• 5:53
  to
• 5:53
  talk
• 5:53
  about
• 5:53
  the
• 5:53
  debt
• 5:53
  that
• 5:54
  each
• 5:54
  of
• 5:54
  you
• 5:54
  is
• 5:54
  carrying.
• 5:55
  You've
• 5:55
  mentioned
• 5:55
  what
• 5:55
  you
• 5:56
  have.
• 5:56
  You
• 5:56
  didn't
• 5:56
  mention
• 5:56
  any
• 5:56
  debts.
• 5:57
  I
• 5:57
  don't
• 5:57
  know
• 5:57
  if
• 5:57
  your
• 5:58
  fiance,
• 5:58
  what
• 5:59
  her
• 5:59
  financial
• 5:59
  position
• 6:00
  is,
• 6:00
  but
• 6:00
  this
• 6:01
  is
• 6:01
  the
• 6:01
  time
• 6:01
  to
• 6:01
  have
• 6:01
  that
• 6:02
  discussion.
• 6:02
  You've
• 6:03
  also
• 6:03
  got
• 6:03
  to
• 6:03
  talk
• 6:03
  about
• 6:04
  spending
• 6:04
  and
• 6:04
  saving
• 6:05
  habits.
• 6:05
  Listen,
• 6:06
  these
• 6:06
  are
• 6:06
  the
• 6:07
  things
• 6:07
  that
• 6:07
  really
• 6:07
  destroy
• 6:08
  relationships.
• 6:09
  It's
• 6:10
  not
• 6:10
  infidelity.
• 6:11
  It's
• 6:11
  not
• 6:12
  those
• 6:12
  things
• 6:12
  most
• 6:12
  of
• 6:13
  the
• 6:13
  time,
• 6:13
  in
• 6:13
  my
• 6:13
  experience,
• 6:14
  it's
• 6:14
  the
• 6:14
  money
• 6:15
  side
• 6:15
  of
• 6:15
  this.
• 6:16
  But
• 6:16
  as
• 6:16
  you're
• 6:17
  having
• 6:17
  those
• 6:17
  conversations,
• 6:18
  talk
• 6:18
  about
• 6:19
  a
• 6:19
  realistic
• 6:19
  wedding
• 6:20
  budget.
• 6:21
  You
• 6:21
  know,
• 6:21
  here's
• 6:21
  another
• 6:21
  thing
• 6:22
  you've
• 6:22
  got
• 6:22
  to
• 6:22
  think
• 6:22
  about.
• 6:23
  You
• 6:23
  got
• 6:23
  to
• 6:23
  decide
• 6:24
  if
• 6:24
  you're
• 6:24
  going
• 6:24
  to
• 6:24
  combine
• 6:24
  your
• 6:25
  finances.
• 6:26
  Some
• 6:26
  people
• 6:26
  do
• 6:26
  that
• 6:26
  completely.
• 6:27
  Some
• 6:28
  do
• 6:28
  it
• 6:28
  partially.
• 6:28
  Some
• 6:29
  people
• 6:29
  have
• 6:29
  another
• 6:29
  system.
• 6:30
  Some
• 6:30
  people
• 6:30
  keep
• 6:30
  everything
• 6:31
  separate.
• 6:32
  Another
• 6:32
  thing
• 6:32
  you're
• 6:33
  going
• 6:33
  to
• 6:33
  have
• 6:33
  to
• 6:33
  have
• 6:33
  a
• 6:33
  discussion
• 6:34
  about
• 6:34
  is
• 6:34
  that
• 6:35
  inheritance.
• 6:36
  You
• 6:36
  got
• 6:36
  to
• 6:36
  have
• 6:37
  a
• 6:37
  conversation
• 6:37
  about
• 6:38
  that.
• 6:38
  It
• 6:38
  doesn't
• 6:39
  have
• 6:39
  to
• 6:39
  be
• 6:39
  defensive,
• 6:39
  but
• 6:40
  it's
• 6:40
  got
• 6:40
  to
• 6:40
  be
• 6:40
  clear.
• 6:41
  You've
• 6:41
  got
• 6:41
  to
• 6:42
  take
• 6:42
  a
• 6:42
  look
• 6:42
  at
• 6:42
  state
• 6:42
  law
• 6:43
  about
• 6:43
  titling
• 6:44
  assets
• 6:44
  and
• 6:44
  mixing
• 6:45
  your
• 6:45
  funds.
• 6:46
  This
• 6:46
  could
• 6:46
  be
• 6:47
  all
• 6:47
  part
• 6:47
  of
• 6:48
  this
• 6:48
  inherited
• 6:49
  versus
• 6:49
  marital
• 6:50
  status
• 6:50
  of
• 6:50
  things.
• 6:51
  So
• 6:52
  before
• 6:52
  the
• 6:52
  wedding,
• 6:52
  I
• 6:53
  would
• 6:53
  really
• 6:53
  encourage
• 6:53
  you
• 6:54
  to
• 6:54
  go
• 6:54
  talk
• 6:54
  to
• 6:54
  an
• 6:54
  estate
• 6:55
  attorney.
• 6:56
  Talk
• 6:56
  about
• 6:56
  how
• 6:56
  you
• 6:56
  want
• 6:57
  things
• 6:57
  titled,
• 6:57
  how
• 6:57
  you
• 6:57
  want
• 6:58
  the
• 6:58
  beneficiaries
• 6:59
  to
• 6:59
  be
• 6:59
  set
• 6:59
  up.
• 7:00
  A
• 7:00
  lot
• 7:00
  of
• 7:01
  people
• 7:01
  don't
• 7:01
  want
• 7:01
  to
• 7:01
  talk
• 7:01
  about
• 7:01
  this,
• 7:02
  but
• 7:02
  maybe
• 7:03
  consider
• 7:03
  a
• 7:03
  prenup.
• 7:04
  It's
• 7:05
  not
• 7:05
  about
• 7:05
  failure
• 7:06
  planning.
• 7:06
  A
• 7:07
  lot
• 7:07
  of
• 7:07
  people
• 7:07
  hear
• 7:07
  prenup
• 7:08
  and
• 7:08
  they
• 7:08
  say,
• 7:08
  oh,
• 7:08
  well,
• 7:08
  you're
• 7:09
  just
• 7:09
  thinking
• 7:09
  this
• 7:09
  is
• 7:09
  going
• 7:09
  to
• 7:09
  end.
• 7:09
  No,
• 7:10
  that's
• 7:10
  not
• 7:10
  what
• 7:10
  I'm
• 7:10
  saying.
• 7:11
  But
• 7:11
  it
• 7:11
  can
• 7:12
  create
• 7:12
  some
• 7:12
  clarity
• 7:12
  at
• 7:13
  the
• 7:13
  front
• 7:13
  end.
• 7:14
  And
• 7:14
  another
• 7:14
  big
• 7:14
  thing
• 7:14
  I'm
• 7:15
  going
• 7:15
  to
• 7:15
  encourage
• 7:15
  you,
• 7:16
  premarital
• 7:17
  counseling,
• 7:17
  that
• 7:18
  covers
• 7:18
  money.
• 7:19
  I
• 7:19
  think
• 7:19
  that
• 7:20
  is
• 7:20
  a
• 7:20
  really
• 7:20
  key
• 7:20
  thing.
• 7:21
  You
• 7:22
  don't
• 7:22
  need
• 7:22
  shame
• 7:22
  to
• 7:23
  make
• 7:23
  progress
• 7:23
  in
• 7:23
  this.
• 7:24
  You
• 7:24
  just
• 7:24
  need
• 7:24
  truth
• 7:25
  and
• 7:25
  a
• 7:25
  plan.
• 7:26
  But
• 7:26
  now
• 7:26
  let's
• 7:27
  get
• 7:27
  to
• 7:27
  some
• 7:27
  more
• 7:27
  specifics.
• 7:28
  As
• 7:29
  I
• 7:29
  said
• 7:29
  earlier,
• 7:30
  you've
• 7:30
  got
• 7:30
  to
• 7:30
  give
• 7:31
  every
• 7:31
  dollar
• 7:31
  a
• 7:32
  job.
• 7:32
  Let's
• 7:33
  go
• 7:33
  back
• 7:33
  to
• 7:33
  your
• 7:33
  current
• 7:33
  numbers.
• 7:34
  You
• 7:34
  said
• 7:34
  you
• 7:35
  had
• 7:35
  $84,000
• 7:36
  in
• 7:36
  a
• 7:36
  Roth
• 7:37
  IRA.
• 7:37
  That's
• 7:37
  great.
• 7:38
  You
• 7:38
  got
• 7:39
  72,000
• 7:39
  in
• 7:40
  a
• 7:40
  401,
• 7:41
  150
• 7:42
  grand
• 7:42
  in
• 7:42
  managed
• 7:43
  brokerage
• 7:43
  and
• 7:44
  470
• 7:45
  in
• 7:45
  self
• 7:45
  directed
• 7:46
  brokerage.
• 7:46
  Hey,
• 7:47
  that's
• 7:47
  a
• 7:47
  really
• 7:47
  strong
• 7:48
  position.
• 7:49
  But
• 7:49
  the
• 7:49
  thing
• 7:49
  I
• 7:49
  don't
• 7:50
  hear
• 7:50
  a
• 7:50
  lot
• 7:50
  about
• 7:50
  is
• 7:51
  structure.
• 7:52
  And
• 7:52
  I'm
• 7:52
  not
• 7:52
  talking
• 7:53
  about
• 7:53
  where
• 7:53
  to
• 7:53
  invest,
• 7:54
  I'm
• 7:54
  talking
• 7:54
  about
• 7:54
  what
• 7:55
  the
• 7:55
  job
• 7:55
  does
• 7:55
  for
• 7:55
  each
• 7:56
  dollar
• 7:56
  that
• 7:56
  you
• 7:56
  have.
• 7:56
  So
• 7:56
  I'm
• 7:57
  going
• 7:57
  to
• 7:57
  recommend
• 7:57
  this.
• 7:58
  I
• 7:58
  want
• 7:58
  to
• 7:58
  make
• 7:58
  it
• 7:59
  really
• 7:59
  simple.
• 7:59
  I
• 8:00
  think
• 8:00
  this
• 8:00
  is
• 8:00
  the
• 8:00
  time
• 8:01
  to
• 8:01
  pivot
• 8:01
  into
• 8:01
  five
• 8:02
  buckets.
• 8:02
  The
• 8:03
  first
• 8:03
  bucket,
• 8:03
  if
• 8:04
  you
• 8:04
  listen
• 8:04
  to
• 8:04
  my
• 8:04
  show,
• 8:04
  you're
• 8:04
  going
• 8:04
  to
• 8:05
  be
• 8:05
  like
• 8:05
  here
• 8:05
  goes
• 8:05
  Ralph
• 8:05
  again
• 8:06
  on
• 8:06
  those
• 8:06
  emergency
• 8:07
  funds.
• 8:07
  Bucket
• 8:08
  number
• 8:08
  one
• 8:08
  is
• 8:08
  an
• 8:09
  emergency
• 8:09
  fund.
• 8:10
  I
• 8:10
  want
• 8:10
  you
• 8:10
  to
• 8:10
  put
• 8:11
  six
• 8:11
  to
• 8:11
  12
• 8:11
  months
• 8:12
  for
• 8:12
  the
• 8:12
  essentials
• 8:13
  there.
• 8:13
  Put
• 8:14
  something
• 8:14
  that
• 8:14
  there's
• 8:15
  peace
• 8:15
  in
• 8:15
  this
• 8:15
  money.
• 8:16
  This
• 8:16
  is
• 8:16
  where
• 8:17
  you
• 8:17
  know
• 8:17
  it's
• 8:17
  guaranteed.
• 8:18
  It's
• 8:18
  not
• 8:18
  something
• 8:18
  that's
• 8:19
  risky.
• 8:19
  The
• 8:20
  second
• 8:20
  fund
• 8:20
  I'm
• 8:21
  going
• 8:21
  to
• 8:21
  recommend
• 8:21
  is
• 8:22
  a
• 8:22
  wedding
• 8:22
  and
• 8:22
  first
• 8:23
  year
• 8:23
  fund.
• 8:24
  When
• 8:24
  you
• 8:24
  sit
• 8:24
  down
• 8:25
  together
• 8:25
  and
• 8:25
  you
• 8:25
  do
• 8:25
  that
• 8:26
  budget,
• 8:26
  carve
• 8:26
  that
• 8:27
  money
• 8:27
  aside,
• 8:28
  don't
• 8:28
  worry
• 8:28
  about
• 8:28
  what
• 8:29
  this
• 8:29
  one's
• 8:29
  doing
• 8:29
  and
• 8:30
  what
• 8:30
  that
• 8:30
  one's
• 8:30
  doing,
• 8:30
  just
• 8:31
  what
• 8:31
  works
• 8:31
  for
• 8:31
  the
• 8:31
  two
• 8:32
  of
• 8:32
  you.
• 8:32
  Third
• 8:33
  fund,
• 8:33
  it
• 8:33
  is
• 8:33
  going
• 8:34
  to
• 8:34
  be
• 8:34
  the
• 8:34
  fun
• 8:34
  one,
• 8:35
  your
• 8:35
  future
• 8:35
  baby
• 8:36
  fund.
• 8:36
  But
• 8:37
  don't
• 8:37
  just
• 8:37
  think
• 8:37
  about
• 8:37
  when
• 8:37
  the
• 8:38
  baby
• 8:38
  arrives.
• 8:38
  Think
• 8:39
  about
• 8:39
  pregnancy.
• 8:40
  Think
• 8:40
  about
• 8:40
  the
• 8:41
  birth.
• 8:41
  Of
• 8:41
  that
• 8:42
  there
• 8:42
  might
• 8:42
  be
• 8:42
  some
• 8:42
  gaps.
• 8:43
  There
• 8:43
  could
• 8:43
  be
• 8:43
  some
• 8:44
  gear
• 8:44
  that
• 8:44
  you
• 8:44
  need
• 8:44
  to
• 8:44
  buy.
• 8:45
  There
• 8:45
  could
• 8:45
  be
• 8:45
  medical
• 8:46
  issues
• 8:47
  or
• 8:47
  even
• 8:47
  first
• 8:47
  year
• 8:48
  childcare.
• 8:49
  Another
• 8:49
  thing
• 8:50
  I'm
• 8:50
  going
• 8:50
  to
• 8:50
  encourage
• 8:50
  you
• 8:50
  to
• 8:50
  do
• 8:51
  is
• 8:51
  think
• 8:51
  about
• 8:52
  your
• 8:52
  housing
• 8:52
  flexibility
• 8:53
  fund.
• 8:54
  You
• 8:54
  haven't
• 8:54
  said
• 8:54
  that
• 8:55
  you
• 8:55
  want
• 8:55
  to
• 8:55
  move
• 8:55
  out
• 8:55
  of
• 8:55
  New
• 8:55
  York
• 8:56
  City,
• 8:56
  but
• 8:56
  you've
• 8:56
  kind
• 8:57
  of
• 8:57
  opened
• 8:57
  the
• 8:57
  door
• 8:57
  there.
• 8:58
  You've
• 8:58
  recognized
• 8:59
  that
• 8:59
  New
• 8:59
  York
• 9:00
  City
• 9:00
  space
• 9:01
  is
• 9:01
  pricey
• 9:03
  and
• 9:03
  baby
• 9:03
  changes
• 9:04
  the
• 9:04
  math
• 9:04
  in
• 9:04
  that
• 9:04
  regard.
• 9:05
  And
• 9:06
  then
• 9:06
  the
• 9:06
  final
• 9:06
  thing
• 9:06
  I
• 9:06
  want
• 9:06
  you
• 9:07
  to
• 9:07
  think
• 9:07
  about
• 9:07
  is
• 9:07
  your
• 9:07
  long
• 9:08
  term
• 9:08
  investments.
• 9:09
  This
• 9:09
  is
• 9:09
  where
• 9:09
  you
• 9:10
  sit
• 9:10
  down
• 9:10
  with
• 9:10
  a
• 9:11
  financial
• 9:11
  advisor
• 9:12
  and
• 9:12
  put
• 9:12
  together
• 9:13
  a
• 9:13
  written
• 9:14
  plan,
• 9:14
  an
• 9:15
  allocation,
• 9:16
  risk
• 9:16
  rebalancing
• 9:17
  and
• 9:17
  don't
• 9:18
  forget
• 9:18
  about
• 9:18
  the
• 9:18
  tax
• 9:18
  side
• 9:19
  of
• 9:19
  it.
• 9:20
  Have
• 9:20
  that
• 9:20
  three
• 9:21
  to
• 9:21
  five
• 9:21
  year
• 9:21
  money
• 9:22
  plan
• 9:22
  and
• 9:23
  keep
• 9:23
  out
• 9:23
  of
• 9:23
  market
• 9:24
  risk.
• 9:25
  Again,
• 9:25
  I
• 9:26
  said
• 9:26
  this
• 9:26
  on
• 9:26
  the
• 9:26
  show
• 9:26
  yesterday.
• 9:27
  A
• 9:27
  budget
• 9:28
  isn't
• 9:28
  bondage.
• 9:29
  It's
• 9:29
  a
• 9:29
  tool
• 9:30
  that
• 9:30
  helps
• 9:30
  you
• 9:30
  breathe.
• 9:31
  But
• 9:31
  now
• 9:32
  let's
• 9:32
  get
• 9:32
  into
• 9:32
  some
• 9:32
  more
• 9:33
  real
• 9:33
  details
• 9:34
  here.
• 9:34
  You
• 9:34
  mentioned
• 9:34
  you
• 9:34
  live
• 9:35
  in
• 9:35
  New
• 9:35
  York
• 9:35
  City.
• 9:36
  Real
• 9:37
  New
• 9:37
  York
• 9:37
  City
• 9:37
  numbers
• 9:38
  are
• 9:38
  not
• 9:39
  the
• 9:39
  national
• 9:39
  average.
• 9:40
  You
• 9:40
  got
• 9:40
  to
• 9:40
  really
• 9:40
  look
• 9:40
  at
• 9:41
  these.
• 9:41
  What
• 9:41
  is
• 9:42
  health
• 9:42
  insurance
• 9:42
  going
• 9:43
  to
• 9:43
  cost
• 9:43
  you?
• 9:43
  What's
• 9:44
  that
• 9:44
  out
• 9:44
  of
• 9:44
  pocket
• 9:45
  pregnancy
• 9:45
  or
• 9:45
  that
• 9:46
  pediatric
• 9:46
  cost
• 9:46
  going
• 9:47
  to
• 9:47
  be?
• 9:47
  Are
• 9:48
  you
• 9:48
  going
• 9:48
  to
• 9:48
  have
• 9:48
  Actual
• 9:49
  child
• 9:49
  care
• 9:49
  costs?
• 9:50
  I
• 9:50
  don't
• 9:50
  know.
• 9:50
  You
• 9:50
  haven't
• 9:50
  mentioned
• 9:51
  that.
• 9:51
  Are
• 9:52
  you
• 9:52
  going
• 9:52
  to
• 9:52
  take
• 9:52
  parental
• 9:52
  leave?
• 9:53
  Does
• 9:53
  it
• 9:53
  impact
• 9:53
  your
• 9:54
  job?
• 9:55
  Do
• 9:55
  you
• 9:55
  have
• 9:55
  a
• 9:55
  home
• 9:56
  big
• 9:56
  enough
• 9:56
  for
• 9:56
  a
• 9:57
  child?
• 9:57
  You
• 9:57
  may
• 9:57
  need
• 9:57
  to
• 9:57
  go
• 9:57
  to
• 9:58
  different
• 9:58
  housing.
• 9:59
  Here's
• 9:59
  the
• 9:59
  thing
• 9:59
  I'm
• 10:00
  going
• 10:00
  to
• 10:00
  recommend,
• 10:00
  and
• 10:00
  I
• 10:00
  said
• 10:00
  this
• 10:01
  to
• 10:01
  my
• 10:01
  own
• 10:01
  son,
• 10:02
  practice
• 10:02
  a
• 10:03
  baby
• 10:03
  budget.
• 10:04
  What
• 10:04
  is
• 10:04
  it
• 10:04
  going
• 10:05
  to
• 10:05
  look
• 10:05
  like?
• 10:05
  Like
• 10:05
  my
• 10:05
  son's
• 10:06
  example
• 10:06
  is
• 10:07
  his
• 10:07
  wife's
• 10:07
  not
• 10:07
  going
• 10:07
  to
• 10:08
  work
• 10:08
  for
• 10:08
  a
• 10:08
  while.
• 10:09
  So
• 10:09
  he
• 10:09
  said
• 10:09
  to
• 10:09
  me
• 10:09
  as
• 10:10
  we
• 10:10
  were
• 10:10
  visiting
• 10:10
  him
• 10:10
  last
• 10:11
  week,
• 10:11
  he
• 10:11
  said,
• 10:11
  dad,
• 10:12
  we're
• 10:12
  going
• 10:12
  to
• 10:12
  live
• 10:12
  on
• 10:12
  my
• 10:13
  income
• 10:13
  for
• 10:13
  a
• 10:13
  while.
• 10:14
  That's
• 10:14
  going
• 10:14
  to
• 10:14
  be
• 10:14
  a
• 10:15
  bit
• 10:15
  of
• 10:15
  an
• 10:15
  adjustment,
• 10:16
  but
• 10:16
  you
• 10:16
  got
• 10:16
  to
• 10:16
  estimate
• 10:17
  that
• 10:17
  and
• 10:18
  add
• 10:18
  in
• 10:18
  those
• 10:18
  monthly
• 10:19
  costs.
• 10:19
  This
• 10:19
  is
• 10:20
  where
• 10:20
  you
• 10:20
  build.
• 10:20
  In
• 10:20
  three
• 10:21
  months
• 10:21
  of
• 10:21
  a
• 10:21
  buffer,
• 10:23
  you
• 10:23
  can
• 10:23
  make
• 10:23
  it
• 10:23
  manageable,
• 10:24
  but
• 10:25
  if
• 10:25
  it's
• 10:25
  tight,
• 10:26
  you're
• 10:26
  going
• 10:26
  to
• 10:26
  start
• 10:27
  having
• 10:27
  pressure.
• 10:27
  You
• 10:28
  got
• 10:28
  enough
• 10:28
  pressure
• 10:28
  on
• 10:28
  your
• 10:28
  plate
• 10:29
  with
• 10:29
  a
• 10:29
  new
• 10:29
  baby
• 10:29
  and
• 10:30
  a
• 10:30
  new
• 10:30
  relationship.
• 10:32
  Once
• 10:32
  you
• 10:32
  do
• 10:32
  all
• 10:32
  those
• 10:33
  things,
• 10:33
  then
• 10:33
  really
• 10:33
  get
• 10:34
  into
• 10:34
  your
• 10:34
  financials,
• 10:35
  review
• 10:35
  those
• 10:35
  beneficiaries
• 10:36
  and
• 10:36
  make
• 10:36
  sure
• 10:37
  everything
• 10:37
  is
• 10:37
  set
• 10:37
  up.
• 10:38
  As
• 10:38
  you
• 10:38
  get
• 10:39
  married,
• 10:39
  you're
• 10:39
  going
• 10:39
  to
• 10:39
  have
• 10:39
  to
• 10:39
  update
• 10:40
  your
• 10:40
  will
• 10:40
  or
• 10:40
  power
• 10:41
  of
• 10:41
  attorney.
• 10:42
  If
• 10:42
  you're
• 10:42
  going
• 10:42
  to
• 10:43
  have
• 10:43
  a
• 10:43
  child,
• 10:43
  you're
• 10:43
  going
• 10:43
  to
• 10:43
  have
• 10:43
  guardian
• 10:44
  designations.
• 10:44
  A
• 10:45
  lot
• 10:45
  of
• 10:45
  people
• 10:45
  don't
• 10:45
  think
• 10:45
  about
• 10:46
  that.
• 10:47
  Meet
• 10:47
  with
• 10:47
  your
• 10:47
  insurance
• 10:48
  person,
• 10:48
  talk
• 10:48
  about
• 10:49
  life
• 10:49
  insurance
• 10:49
  and
• 10:50
  disability
• 10:50
  insurance
• 10:51
  and
• 10:51
  hey,
• 10:51
  don't
• 10:51
  forget
• 10:52
  to
• 10:52
  talk
• 10:52
  to
• 10:52
  a
• 10:52
  tax.
• 10:53
  Probably
• 10:54
  you're
• 10:54
  going
• 10:54
  to
• 10:54
  have
• 10:54
  potential
• 10:55
  issues
• 10:55
  with
• 10:55
  getting
• 10:55
  married,
• 10:56
  your
• 10:57
  capital
• 10:57
  gains
• 10:57
  on
• 10:58
  some
• 10:58
  stocks
• 10:58
  and
• 10:58
  things
• 10:59
  that
• 10:59
  you
• 10:59
  sell
• 11:00
  and
• 11:00
  then
• 11:00
  really
• 11:01
  take
• 11:01
  a
• 11:01
  look
• 11:01
  at
• 11:02
  managed
• 11:02
  versus
• 11:03
  self
• 11:03
  directed
• 11:03
  brokerage.
• 11:04
  Because
• 11:04
  right
• 11:04
  now
• 11:04
  you're
• 11:05
  living
• 11:05
  in
• 11:05
  kind
• 11:05
  of
• 11:05
  in
• 11:05
  two
• 11:06
  worlds
• 11:06
  and
• 11:06
  you
• 11:06
  were
• 11:06
  clear
• 11:07
  that
• 11:07
  you
• 11:07
  made
• 11:07
  it.
• 11:07
  I
• 11:08
  think
• 11:08
  it
• 11:08
  might
• 11:08
  be
• 11:08
  a
• 11:08
  time
• 11:08
  to
• 11:08
  try
• 11:09
  to
• 11:09
  put
• 11:09
  everything
• 11:09
  together
• 11:10
  in
• 11:10
  something
• 11:11
  that's
• 11:11
  manageable
• 11:12
  overall.
• 11:12
  I
• 11:13
  want
• 11:13
  you
• 11:13
  to
• 11:13
  build
• 11:13
  a
• 11:13
  system
• 11:14
  that
• 11:14
  works
• 11:15
  when
• 11:15
  willpower
• 11:16
  won't.
• 11:17
  So
• 11:17
  here's
• 11:17
  your
• 11:18
  90
• 11:18
  day
• 11:18
  starting
• 11:19
  plan.
• 11:19
  This
• 11:19
  week
• 11:20
  I
• 11:20
  want
• 11:20
  you
• 11:20
  to
• 11:20
  have
• 11:21
  a
• 11:21
  money
• 11:21
  meeting
• 11:21
  with
• 11:21
  your
• 11:22
  fiance.
• 11:22
  It
• 11:22
  might
• 11:22
  be
• 11:23
  a
• 11:23
  little
• 11:23
  uncomfortable,
• 11:24
  but
• 11:24
  talk
• 11:24
  about
• 11:24
  those
• 11:25
  values.
• 11:25
  Talk
• 11:26
  about
• 11:26
  how
• 11:26
  you
• 11:26
  seek
• 11:27
  debt.
• 11:27
  Talk
• 11:27
  about
• 11:28
  that
• 11:28
  wedding
• 11:28
  budget,
• 11:29
  housing,
• 11:29
  kids
• 11:30
  and
• 11:30
  giving.
• 11:30
  Don't
• 11:30
  forget
• 11:31
  about
• 11:31
  giving.
• 11:31
  This
• 11:31
  is
• 11:31
  a
• 11:31
  Christian
• 11:32
  show.
• 11:32
  Want
• 11:32
  to
• 11:33
  make
• 11:33
  sure
• 11:33
  we
• 11:33
  build
• 11:33
  that
• 11:33
  into
• 11:34
  it?
• 11:34
  And
• 11:34
  write
• 11:35
  that
• 11:35
  one
• 11:35
  page
• 11:35
  purpose
• 11:36
  statement
• 11:36
  for
• 11:36
  yourself.
• 11:37
  Set
• 11:37
  up
• 11:38
  those
• 11:38
  five
• 11:38
  savings
• 11:39
  buckets,
• 11:39
  get
• 11:40
  some
• 11:40
  real
• 11:40
  child
• 11:40
  care
• 11:41
  numbers
• 11:41
  and
• 11:41
  run
• 11:42
  that
• 11:42
  three
• 11:42
  month
• 11:42
  path.
• 11:43
  Praxis
• 11:44
  baby
• 11:44
  budget.
• 11:45
  Don't
• 11:45
  forget
• 11:45
  that
• 11:45
  estate
• 11:46
  attorney
• 11:47
  and
• 11:47
  review
• 11:47
  that
• 11:47
  investment.
• 11:48
  And
• 11:49
  don't
• 11:49
  forget
• 11:49
  tax
• 11:49
  pro
• 11:50
  and
• 11:50
  insurance.
• 11:50
  I
• 11:50
  know
• 11:50
  there's
• 11:51
  a
• 11:51
  lot
• 11:51
  here,
• 11:52
  but
• 11:52
  give
• 11:52
  yourself
• 11:53
  a
• 11:53
  next
• 11:53
  Step
• 11:54
  before
• 11:54
  the
• 11:54
  pressure
• 11:54
  tells
• 11:55
  you
• 11:55
  what
• 11:55
  the
• 11:55
  next
• 11:55
  step
• 11:56
  is.
• 11:57
  But
• 11:57
  I
• 11:57
  want
• 11:57
  to
• 11:57
  slow
• 11:57
  down
• 11:58
  for
• 11:58
  a
• 11:58
  second.
• 11:59
  I
• 11:59
  want
• 11:59
  to
• 11:59
  speak
• 11:59
  about
• 12:00
  the
• 12:00
  weight
• 12:00
  that's
• 12:00
  under
• 12:01
  this
• 12:01
  question.
• 12:01
  I've
• 12:01
  given
• 12:01
  you
• 12:02
  a
• 12:02
  lot
• 12:02
  of
• 12:02
  practical
• 12:03
  financial
• 12:04
  and
• 12:04
  legal
• 12:04
  advice.
• 12:06
  But
• 12:06
  when
• 12:06
  money
• 12:06
  comes
• 12:07
  through
• 12:07
  loss,
• 12:08
  it's
• 12:08
  complicated.
• 12:10
  This
• 12:10
  money
• 12:10
  wasn't
• 12:11
  just
• 12:11
  something
• 12:11
  that
• 12:11
  you
• 12:11
  found.
• 12:11
  This
• 12:12
  is
• 12:12
  work
• 12:12
  that
• 12:12
  your
• 12:12
  dad
• 12:13
  put
• 12:13
  into
• 12:13
  it.
• 12:14
  And
• 12:14
  you.
• 12:15
  It's
• 12:15
  okay
• 12:15
  to
• 12:15
  feel
• 12:15
  grateful
• 12:16
  and
• 12:16
  heartbroken,
• 12:17
  that
• 12:18
  money.
• 12:19
  And
• 12:19
  it's
• 12:19
  okay
• 12:20
  to
• 12:20
  feel
• 12:20
  responsible,
• 12:20
  to
• 12:21
  handle
• 12:21
  it
• 12:21
  perfectly.
• 12:21
  But
• 12:22
  you
• 12:22
  don't
• 12:22
  have
• 12:22
  to
• 12:22
  handle
• 12:23
  it
• 12:23
  perfectly.
• 12:24
  If
• 12:24
  you
• 12:24
  make
• 12:25
  one
• 12:25
  wrong
• 12:25
  move,
• 12:26
  it
• 12:26
  doesn't
• 12:26
  dishonor
• 12:27
  the
• 12:27
  person
• 12:27
  you
• 12:28
  lost.
• 12:29
  Here's
• 12:30
  the
• 12:30
  truth
• 12:30
  of
• 12:30
  all
• 12:30
  this.
• 12:31
  God
• 12:31
  isn't
• 12:32
  asking
• 12:32
  you
• 12:32
  to
• 12:32
  carry
• 12:33
  that
• 12:33
  kind
• 12:33
  of
• 12:33
  pressure.
• 12:35
  Being
• 12:35
  a
• 12:35
  faithful
• 12:36
  steward
• 12:37
  doesn't
• 12:37
  mean
• 12:37
  you
• 12:37
  never
• 12:37
  make
• 12:38
  a
• 12:38
  mistake.
• 12:39
  It
• 12:39
  means
• 12:40
  that
• 12:40
  you
• 12:40
  seek
• 12:40
  wisdom.
• 12:41
  You
• 12:41
  tell
• 12:42
  the
• 12:42
  truth.
• 12:42
  You
• 12:42
  invite
• 12:43
  people
• 12:43
  to
• 12:43
  help
• 12:43
  you
• 12:43
  invite
• 12:44
  that
• 12:44
  counsel.
• 12:45
  And
• 12:45
  you
• 12:45
  move
• 12:46
  slowly
• 12:46
  when
• 12:46
  you
• 12:46
  need
• 12:47
  to,
• 12:47
  and
• 12:47
  you
• 12:48
  take
• 12:48
  the
• 12:48
  next
• 12:48
  right
• 12:49
  step
• 12:49
  with
• 12:49
  humility.
• 12:50
  This
• 12:51
  inheritance
• 12:51
  can
• 12:51
  truly
• 12:52
  become
• 12:52
  more
• 12:52
  than
• 12:52
  an
• 12:53
  account
• 12:53
  balance.
• 12:54
  It
• 12:54
  can
• 12:54
  become
• 12:54
  part
• 12:55
  of
• 12:55
  your
• 12:55
  legacy.
• 12:55
  I
• 12:55
  can
• 12:56
  just
• 12:56
  imagine
• 12:56
  you
• 12:57
  being
• 12:57
  able
• 12:57
  to
• 12:57
  tell
• 12:57
  your
• 12:57
  future
• 12:58
  children
• 12:58
  how
• 12:59
  their
• 12:59
  grandfather
• 12:59
  helped
• 13:00
  them
• 13:00
  out.
• 13:01
  Not
• 13:01
  because
• 13:01
  money
• 13:02
  saves
• 13:02
  a
• 13:02
  family
• 13:03
  or
• 13:03
  wealth
• 13:04
  anyway.
• 13:04
  Guarantees
• 13:05
  peace.
• 13:05
  It
• 13:06
  doesn't.
• 13:07
  But
• 13:07
  because
• 13:07
  wise
• 13:08
  stewardship
• 13:08
  can
• 13:09
  build
• 13:09
  a
• 13:09
  home
• 13:10
  where
• 13:10
  decisions
• 13:11
  are
• 13:11
  made
• 13:11
  with
• 13:11
  prayer,
• 13:12
  patience,
• 13:12
  honesty,
• 13:13
  and
• 13:13
  purpose.
• 13:14
  You're
• 13:15
  not
• 13:15
  just
• 13:15
  planning
• 13:15
  for
• 13:15
  a
• 13:16
  child
• 13:16
  someday.
• 13:17
  You're
• 13:17
  shaping
• 13:18
  the
• 13:18
  child,
• 13:18
  the
• 13:18
  household
• 13:19
  that
• 13:19
  child
• 13:19
  grows
• 13:20
  up
• 13:20
  in,
• 13:21
  and
• 13:21
  that
• 13:21
  sacred
• 13:22
  work.
• 13:23
  You
• 13:23
  don't
• 13:24
  have
• 13:24
  to
• 13:24
  predict
• 13:24
  every
• 13:24
  future
• 13:24
  cost.
• 13:25
  You
• 13:25
  just
• 13:25
  have
• 13:25
  to
• 13:25
  prepare
• 13:26
  faithfully
• 13:26
  for
• 13:26
  the
• 13:26
  next
• 13:27
  season.
• 13:28
  So
• 13:28
  here's
• 13:28
  your
• 13:28
  win
• 13:28
  for
• 13:29
  today.
• 13:29
  Create
• 13:30
  that
• 13:30
  first
• 13:30
  version
• 13:31
  of
• 13:31
  your
• 13:31
  financial
• 13:32
  family
• 13:32
  financial
• 13:33
  map.
• 13:33
  Just
• 13:34
  one
• 13:34
  page.
• 13:34
  What
• 13:35
  we
• 13:35
  have,
• 13:36
  what
• 13:36
  we
• 13:36
  owe,
• 13:37
  what
• 13:37
  we
• 13:37
  value,
• 13:38
  and
• 13:39
  what
• 13:39
  we're
• 13:39
  prepared
• 13:39
  for.
• 13:40
  Sit
• 13:40
  down
• 13:40
  with
• 13:41
  your
• 13:41
  fiance
• 13:41
  and
• 13:42
  talk
• 13:42
  through
• 13:42
  it
• 13:42
  calmly.
• 13:43
  Make
• 13:43
  sure
• 13:43
  you
• 13:43
  pick
• 13:43
  the
• 13:44
  right
• 13:44
  time
• 13:44
  for
• 13:44
  this.
• 13:45
  There's
• 13:45
  no
• 13:45
  blame,
• 13:46
  there's
• 13:46
  no
• 13:46
  pressure.
• 13:47
  And
• 13:47
  don't
• 13:48
  try
• 13:48
  to
• 13:48
  forecast
• 13:49
  20
• 13:49
  years
• 13:49
  from
• 13:49
  today.
• 13:50
  Just
• 13:50
  have
• 13:51
  an
• 13:51
  honest
• 13:51
  conversation,
• 13:52
  because
• 13:53
  it's
• 13:53
  going
• 13:53
  to
• 13:53
  save
• 13:53
  years
• 13:53
  of
• 13:54
  confusion
• 13:54
  later.
• 13:55
  Let's
• 13:55
  get
• 13:56
  to
• 13:56
  our
• 13:56
  Bible
• 13:56
  verse
• 13:56
  today.
• 13:57
  It
• 13:57
  comes
• 13:57
  to
• 13:58
  us
• 13:58
  from
• 13:58
  Proverbs,
• 13:58
  chapter
• 13:59
  24,
• 13:59
  verse
• 14:00
  3.
• 14:00
  And
• 14:00
  it
• 14:00
  says,
• 14:01
  by
• 14:01
  wisdom
• 14:01
  a
• 14:02
  house
• 14:02
  is
• 14:02
  built,
• 14:03
  and
• 14:03
  through
• 14:03
  understanding
• 14:04
  it
• 14:04
  is
• 14:05
  established
• 14:06
  through
• 14:06
  knowledge.
• 14:07
  Its
• 14:07
  rooms
• 14:07
  are
• 14:07
  filled
• 14:08
  with
• 14:08
  rare
• 14:08
  and
• 14:08
  beautiful
• 14:09
  treasures.
• 14:09
  What
• 14:09
  a
• 14:10
  beautiful
• 14:10
  verse
• 14:10
  today.
• 14:12
  And
• 14:12
  you're
• 14:13
  right.
• 14:13
  Now
• 14:13
  you're
• 14:13
  not
• 14:13
  just
• 14:14
  growing
• 14:14
  money.
• 14:15
  You're
• 14:15
  building
• 14:15
  a
• 14:16
  household
• 14:16
  for
• 14:16
  the
• 14:16
  future.
• 14:17
  And
• 14:18
  what
• 14:18
  does
• 14:18
  Scripture
• 14:18
  tell
• 14:19
  us?
• 14:19
  A
• 14:19
  house
• 14:19
  is
• 14:19
  built
• 14:20
  with
• 14:20
  wisdom.
• 14:21
  It's
• 14:21
  established
• 14:22
  with
• 14:22
  understanding.
• 14:23
  It's
• 14:24
  filled
• 14:24
  through
• 14:24
  knowledge.
• 14:26
  See
• 14:26
  planning
• 14:27
  ahead
• 14:27
  for
• 14:27
  marriage,
• 14:28
  for
• 14:28
  kids,
• 14:28
  for
• 14:29
  housing,
• 14:29
  for
• 14:30
  insurance
• 14:30
  and
• 14:30
  taxes.
• 14:32
  That's
• 14:32
  not
• 14:33
  fear,
• 14:33
  that's
• 14:33
  wisdom.
• 14:34
  You're
• 14:34
  not
• 14:35
  trying
• 14:35
  to
• 14:35
  control
• 14:35
  everything.
• 14:36
  You're
• 14:37
  just
• 14:37
  trying
• 14:37
  to
• 14:37
  build
• 14:38
  faithfully,
• 14:38
  one
• 14:38
  step
• 14:38
  at
• 14:39
  a
• 14:39
  time.
• 14:40
  How
• 14:40
  about
• 14:40
  we
• 14:40
  pray
• 14:40
  together
• 14:41
  right
• 14:41
  now?
• 14:41
  Heavenly
• 14:42
  Father,
• 14:42
  I
• 14:42
  just
• 14:43
  want
• 14:43
  to
• 14:43
  lift
• 14:43
  up
• 14:43
  this
• 14:43
  listener
• 14:44
  and
• 14:44
  his
• 14:44
  fiance
• 14:45
  today.
• 14:46
  You
• 14:46
  know
• 14:46
  the
• 14:46
  loss
• 14:46
  of
• 14:47
  his
• 14:47
  father,
• 14:48
  you
• 14:48
  know
• 14:48
  the
• 14:48
  weight
• 14:49
  of
• 14:49
  that
• 14:49
  inheritance
• 14:50
  and
• 14:50
  you
• 14:50
  know
• 14:50
  his
• 14:50
  desire
• 14:51
  to
• 14:51
  handle
• 14:51
  it
• 14:52
  wisely,
• 14:52
  Lord.
• 14:53
  So
• 14:53
  give
• 14:53
  him
• 14:54
  calm
• 14:54
  wisdom
• 14:54
  as
• 14:55
  they
• 14:55
  prepare
• 14:55
  for
• 14:56
  their
• 14:56
  marriage,
• 14:56
  Lord,
• 14:56
  and
• 14:57
  help
• 14:57
  them
• 14:57
  to
• 14:57
  have
• 14:57
  honest
• 14:58
  conversations
• 14:58
  about
• 14:59
  money
• 14:59
  without
• 14:59
  fear,
• 15:00
  fear
• 15:00
  or
• 15:00
  pride
• 15:02
  and
• 15:02
  help
• 15:03
  guide
• 15:03
  their
• 15:03
  decisions
• 15:04
  about
• 15:04
  saving
• 15:04
  and
• 15:05
  investing,
• 15:06
  those
• 15:06
  decisions
• 15:07
  about
• 15:07
  housing
• 15:07
  and
• 15:08
  kids,
• 15:08
  insurance
• 15:09
  and
• 15:10
  even
• 15:10
  the
• 15:10
  legal
• 15:10
  planning
• 15:11
  decisions,
• 15:11
  Lord,
• 15:12
  protect
• 15:13
  them
• 15:13
  from
• 15:13
  impulse
• 15:14
  and
• 15:14
  comparison
• 15:15
  and
• 15:15
  teach
• 15:16
  them
• 15:16
  to
• 15:16
  build
• 15:16
  a
• 15:16
  home
• 15:16
  marked
• 15:17
  by
• 15:17
  peace
• 15:17
  and
• 15:18
  stewardship,
• 15:19
  but
• 15:19
  mostly
• 15:20
  a
• 15:20
  house
• 15:20
  built
• 15:21
  by
• 15:21
  trust
• 15:21
  in
• 15:21
  you
• 15:22
  and
• 15:23
  Lord,
• 15:23
  when
• 15:23
  the
• 15:23
  future
• 15:24
  feels
• 15:24
  too
• 15:24
  big,
• 15:25
  just
• 15:25
  show
• 15:25
  them
• 15:26
  that
• 15:26
  next
• 15:26
  faithful
• 15:26
  step.
• 15:27
  And
• 15:27
  we
• 15:27
  ask
• 15:27
  this
• 15:28
  in
• 15:28
  Jesus
• 15:28
  name.
• 15:30
  Amen,
• 15:31
  friend.
• 15:32
  If
• 15:32
  you're
• 15:32
  preparing
• 15:32
  for
• 15:32
  marriage
• 15:33
  or
• 15:33
  kids
• 15:34
  or
• 15:34
  any
• 15:35
  big
• 15:35
  change,
• 15:36
  build
• 15:37
  a
• 15:37
  plan
• 15:37
  before
• 15:37
  pressure
• 15:38
  hits.
• 15:39
  You
• 15:39
  don't
• 15:39
  need
• 15:39
  to
• 15:40
  answer
• 15:40
  everything
• 15:40
  today.
• 15:41
  I
• 15:41
  know
• 15:41
  I've
• 15:41
  given
• 15:41
  you
• 15:42
  a
• 15:42
  ton
• 15:42
  of
• 15:42
  answers
• 15:42
  today.
• 15:42
  We
• 15:43
  went
• 15:43
  a
• 15:43
  little
• 15:43
  long,
• 15:44
  but
• 15:44
  you
• 15:44
  just
• 15:44
  need
• 15:45
  one
• 15:45
  honest
• 15:46
  step.
• 15:47
  So
• 15:47
  give
• 15:47
  your
• 15:47
  money
• 15:48
  a
• 15:48
  mission.
• 15:49
  Build
• 15:49
  that
• 15:49
  marriage
• 15:50
  money
• 15:50
  foundation
• 15:51
  first.
• 15:51
  Plan
• 15:51
  with
• 15:52
  real
• 15:52
  numbers
• 15:53
  and
• 15:53
  protect
• 15:53
  the
• 15:54
  family
• 15:54
  you're
• 15:54
  building.
• 15:55
  And
• 15:56
  if
• 15:56
  you've
• 15:56
  got
• 15:56
  a
• 15:56
  question
• 15:56
  for
• 15:57
  the
• 15:57
  show,
• 15:57
  why
• 15:57
  don't
• 15:57
  you
• 15:58
  send
• 15:58
  me
• 15:58
  a
• 15:58
  voicemail
• 15:59
  message?
• 15:59
  Hey,
• 15:59
  this
• 15:59
  is
• 15:59
  super
• 16:00
  simple
• 16:00
  and
• 16:00
  super
• 16:01
  cool.
• 16:01
  You
• 16:02
  can
• 16:02
  go
• 16:02
  to
• 16:02
  financiallyconfidentchristian.com/voicemail
• 16:06
  we'll
• 16:06
  put
• 16:06
  a
• 16:06
  link
• 16:06
  in
• 16:06
  the
• 16:07
  show
• 16:07
  notes.
• 16:07
  You
• 16:07
  just
• 16:07
  click
• 16:07
  on
• 16:08
  it
• 16:08
  and
• 16:08
  record
• 16:08
  your
• 16:08
  voice.
• 16:09
  I
• 16:09
  can't
• 16:09
  wait
• 16:09
  to
• 16:09
  hear
• 16:09
  from
• 16:10
  you
• 16:10
  again.
• 16:10
  That's
• 16:11
  financiallyconfidentchristian.com/voicemail
• 16:15
  thank
• 16:15
  you
• 16:15
  so
• 16:15
  much
• 16:16
  for
• 16:16
  joining
• 16:16
  me
• 16:16
  today,
• 16:16
  man.
• 16:17
  We
• 16:17
  got
• 16:17
  into
• 16:17
  some
• 16:17
  practicalities
• 16:18
  today.
• 16:19
  Stay
• 16:19
  financially
• 16:20
  savvy.
• 16:21
  May
• 16:21
  God
• 16:21
  bless
• 16:21
  you
• 16:22
  and
• 16:22
  you
• 16:23
  have
• 16:23
  a
• 16:23
  great
• 16:23
  day
• 16:23
  today.