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How Can You Crush Credit Card Debt Before It Crushes You? · Becoming Financially Confident

• 0:37
  Have
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  you
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  ever
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  swept
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  your
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  card
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  and
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  felt
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  fine
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  in
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  that
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  moment,
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  but
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  then
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  a
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  little
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  bit
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  later
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  you
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  felt
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  really
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  uneasy?
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  I'm
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  not
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  talking
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  about
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  panic,
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  just
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  that
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  quiet
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  thought
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  of.
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  Deal
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  with
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  this
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  later,
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  friend.
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  If
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  credit
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  card
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  debt
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  feels
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  heavy
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  right
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  now,
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  you're
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  not
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  weak.
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  You're
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  human.
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  And
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  today
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  we're
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  going
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  to
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  talk
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  about
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  how
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  to
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  break
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  that
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  cycle
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  gently
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  and
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  wisely
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  as
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  we
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  answer
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  this
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  question.
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  How
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  can
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  you
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  crush
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  credit
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  card
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  debt
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  before
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  it
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  crushes
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  you?
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  Hey,
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  friend.
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  Ralph
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  Estep
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  Jr.
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  Here.
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  Welcome
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  to
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  Financially
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  Confident
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  Christian,
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  where
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  to
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  walkthroughlifeandmoneywithwisdom,
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  withpeace,
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  andwith
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  aheartanchoredinGod'struth.Mymissionissimple.Tohelpyoubreakthatcycleoffinancial
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  shame,helpyoubuildsteadyhabitsrootedin
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  faithandworktobecomethekindofbelieverwhohandlesmoneywithclarity,withconfidence,
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  andwithspiritualpurpose.Yesterdaywetalkedaboutborrowingandwhethergood
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  debtreallyexists.Today,we're
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  goingtogetrealspecific,becausecreditcarddebtisoneofthe
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  mostcommonplaceswhere
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  peace
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  quietlyslipsaway.I've
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  seenitmyownlife.Solet'sslow
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  thisdownandtalk
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  abouthowtostopthecyclebeforeittightensanyfurther.A
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  listeneraskedme,ralph,I'mpayingmycredit
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  cards,butthat
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  balancebarelymoves.I'mdoing
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  whatIcan,
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  sowhydoesitstillfeellike
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  I'mlosingthisbattle?Andif
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  you'veever
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  askedyourselfthatsamequestion,you'renotalonefeeling
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  thatway.Here'sthe
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  partthathurts.
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  You'retrying.You're
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  making
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  thosemonthly
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  payments,buttheinterestkeepsundoingyoureffortseverymonth.And
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  thatcanreallymake
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  youfeeldiscouraged.Forsomanyof
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  us,itevenmakesusfeelashamed,
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  likeyoustart
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  thinking,Ishouldbefurther
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  alongbynow.Ralph,friend,thatisn'tacharacterflaw.
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  It'sactually
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  howcreditcarddebtisdesignedtowork.Credit
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  cardscarrysome
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  ofthehighestinterestratesmosthouseholdswilleverface.
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  Thehighest.
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  Thatmeanswhen
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  youpayonlytheminimumpayment,
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  mostofyourmoneygoestointerest,neverto
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  freedom.Now,seeingthatclearlyisscary,butit'salso
• 3:09
  empowering.
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  AndI've
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  walkedwithmanypeople
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  whofeltstuckforyearsuntiltheyunderstoodthisonething.Creditcardsdon'tjustrequirepayment.Theyrequireboundaries.
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  Andoncethatclicked,oncethatwentoff
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  in
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  theirmind,everythingbegantochange.
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  Iremember
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  someonetellingme,ralph,Iwasn'treckless.Ijustkeptswipingwhenthingsgottight.Sothatpersonmadeonequietdecision.And
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  thisisadecisionthatyoumightneedtoembracetoday.Theystopped
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  usingthecards.Itwasn'tDrama.
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  Itwasn'tshame,buttheystopped
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  usingit.Andforthefirsttime,theirpaymentsactually
• 3:48
  startedworkingforthem.Andthat'swhen
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  theirhopereturned.
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  Sohere'sthe
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  questiontositwithtoday.
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  Isthis
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  cardhelpingmeliveor
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  quietlykeepingmestuck?Let'stalk
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  aboutwhatwisdom
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  lookslike
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  righthereandrightnow.Here's
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  thethingIwant
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  tostartwith.Creditcardinterestturnstimeintoan
• 4:10
  enemy.It
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  reallydoes.Thelongerthatcreditcardbalance
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  lingers,theheavieritfeels.Becauseinterestdoesn'tcarethatitwasjust
• 4:19
  oneemergency.I'mjust
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  goingtocharge
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  thecardonetime.
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  Itdoesn'tcarethatDecemberwasexpensive.Hey,itwasChristmas.It
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  justkeeps
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  showingupeverysinglemonth,sortoflikeasilentrentpayment
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  thatyouneveragreed
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  to.
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  Andthat
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  rightthereiswhycreditcardfeelssoemotional.Youcanbetrying.Youcanbetryingyourhardest.You
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  couldbemakingthose
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  paymentsdiligently.Youcan
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  bebeing
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  responsibleandstillfeellike
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  you'relosing
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  ground.
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  Becausehonestly,timeisworkingagainstyouinsteadof
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  for
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  you.
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  The
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  balancesitsthere,anditstartstofeelpersonal.Itstartstothink,why
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  can'tIever
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  getahead,Ralph?Whyisthis
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  barelymoving?Igotthisstatementlast
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  monthandhardlymoved
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  atall.WhydoIfeelashamedevenwhenI'm
• 5:08
  payingthiseverymonth?WhydoIevenbother?See,that'stheweightofinterest.Itturnsweeks
• 5:14
  intoworry.Itturnsmonthsintoregret.
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  Andifyouletitlingerlongenough,itactuallystartsstealingyourfuture,notjust
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  your
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  money.Itstealsyour
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  peace.Itstealsyourconfidence.Andforsomany
• 5:28
  ofus,it
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  stealsoursleep.But
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  here'sone
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  oftheanswers
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  tothequestion.Paying
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  morethantheminimumis
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  howmomentumactuallybegins.
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  See,if
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  you
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  justpaytheminimum
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  payments,youarenevergoingtoseeprogress,becausethoseminimum
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  paymentscreatepermission.
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  Youmightbesaying,
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  ralph,that'sbold,yes,butit'strue.Permissionto
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  keepthatdebtaliveforever.Permissionto
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  keepthebankcomfortable.Hey,
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  thebankslovethis.Theywantyoutokeeppaying
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  interest.That'showtheymakemoney.Andyougiveitpermissionto
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  keepyoustuck.
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  That'sthatfeelingyouhave.Thatminimumis
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  designedtomake
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  thepaymentfeelmanageablewhilethepayoffstaysmiserable.Thinkaboutthat.Manageable,miserable.
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  Butthat
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  moment
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  thatyoudecidetopaymore,hey,
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  even25bucks
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  moreor
• 6:14
  40bucksmore,somethingchanges.Becausenowyou'renotmaintaining,you'reactuallyattacking.Nowyoucanseethatbalanceactuallydropped.Nowtheinterestcharge
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  startsshrinking.
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  Andnowyoustartto
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  feelmovement.
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  Andthatmomentumispowerful.See,Momentumiswhat
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  makesyoubelieve,oh,yeah,
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  Icandothis,canI?Notbecauseyoubecameadifferent
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  person,notbecauseyou
• 6:39
  gota
• 6:39
  huge
• 6:40
  race,butbecauseyou
• 6:41
  finallystoppedplaying
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  defenseandyoustarted
• 6:44
  goingonoffense.Youstarted
• 6:45
  attacking.Here'sthethingIwantyoutounderstand,
• 6:49
  though.Freedomcan'tgrowwhilenewchargeskeepappearing.Thisisoneishard,butit'ssimple.Thinkaboutthisfora
• 6:57
  second.Youcan'tdigoutwhileyou'restilldiggingin.Hey,ifyou're
• 6:59
  stillburyingyourselfindebt,you'renotgoingto
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  digoutofthat.Soif
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  thatcreditcardkeeps
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  getting
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  swiped,the
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  payoffdatekeepsmovingfartherandfartheralong,and
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  itdoessomethingtoyourbrain.AndItrulybelievethis.It
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  createsthisweirdcyclewhereyouthink,what's
• 7:15
  the
• 7:16
  point?Haveyou
• 7:17
  everfeltthat?I
• 7:18
  felt
• 7:18
  thatsomanytimes.What'sthepoint?Ipaidthiscreditcardthismonth.Thenextday,I
• 7:22
  wentoutandchargeditup
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  again.Becauseyou'repaying,andthenyoucharge
• 7:26
  and
• 7:26
  thenyou
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  pay
• 7:26
  again.Andguesswhat?Thebalancelooksthesameasitdid
• 7:30
  lastmonth.Sohere'sthelineinthesandI'm
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  goingtoencourageyoutodrawtoday.Ifyoureallywantfreedom,youneeda
• 7:37
  pausebutton.Now,I'mnot
• 7:38
  talking
• 7:38
  about
• 7:39
  foreverpausebutton.Not,I'll
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  neverenjoy
• 7:41
  life
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  again.
• 7:43
  Justapause.A
• 7:45
  seasonwhereyousay,
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  weare
• 7:46
  notfunding
• 7:47
  ourlife
• 7:47
  withtomorrow'smoneyanymore,becauseeverynewcharge
• 7:51
  isyouborrowing
• 7:52
  peace
• 7:52
  fromthe
• 7:53
  future.Andthefutureisalwaysgoingto
• 7:55
  sendthebill.Sohere'sonethingyoumightwantto
• 7:58
  consider.Considerswitchingtocash
• 8:00
  ordebit,becauseit
• 8:01
  creates
• 8:01
  awareness,notpunishment.Now,alotofpeople
• 8:04
  say,rob,that's
• 8:05
  being
• 8:05
  extreme.You'retellingmeIgottobeguilty?No,
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  that'snotwhatI'msaying
• 8:09
  atall.
• 8:09
  Thisisaboutclarity.
• 8:11
  Seethepromise?Creditcardsmakespendingfeellikeair.
• 8:17
  Oh,
• 8:18
  thisis
• 8:18
  easy.Swipe,
• 8:19
  tap,done.Hey,it'ssoeasy.Now,youjustputyourcardup
• 8:22
  tothemachine.It's
• 8:23
  done.Butthere'snofriction.There's
• 8:26
  noawareness.It'sjust.You
• 8:27
  don'tevenseeit.And
• 8:29
  that'swhyIlovecashanddebit.Because
• 8:30
  they
• 8:30
  do
• 8:31
  onepowerful
• 8:31
  thing.
• 8:32
  Theymakeyourspendingfeelrealagain.
• 8:35
  Youseeit.Thecouchisleavingyour
• 8:37
  hands.
• 8:37
  Youfeelit.It'sinyourhands.Younoticeitbecause
• 8:41
  yourwallet'sempty.And
• 8:43
  thatawareness
• 8:43
  iswhere
• 8:44
  changestarts.
• 8:46
  Notbecauseyou'retryingtobe
• 8:47
  good,butbecauseyou're
• 8:48
  finallyhonestabout
• 8:49
  what
• 8:49
  yourlifecosts.Sodon'tthinkaboutitaspunishment,thinkingaboutitasareset.It'syousaying,Iwanttofeelmymoneyagain.Iwantto
• 8:58
  beawake
• 8:59
  inmydecisionsbecauseyoucan'tmanagewhat
• 9:02
  you
• 9:02
  barelynotice.Andalso,this
• 9:06
  isn'taboutrestriction.It'saboutrelief.Let'stell
• 9:09
  thetruth.Thatcreditcardis
• 9:12
  nevergoing
• 9:12
  tobefreedom.Thatcardisaleash.It's
• 9:16
  aleash
• 9:16
  thatfeelslikefreedomuntilittightensaroundyou.
• 9:20
  Andsome
• 9:20
  of
• 9:20
  youhavebeen
• 9:21
  livingwiththattightnessforsolong,youjustthinkit'snormal.It's
• 9:24
  thatnormalstress.
• 9:26
  It'sthat
• 9:26
  normal
• 9:26
  dread,thenormal,ohplease
• 9:28
  don't.Don'tletthecarbreakthatnormal,don'tlook
• 9:31
  atthebalance
• 9:32
  yet.Butwhatyou
• 9:34
  actually
• 9:35
  want
• 9:35
  isrelief.Youwanttobreatheagain.You
• 9:39
  wanttogotobedwithoutthat
• 9:40
  lowgradepanicofwhatam
• 9:42
  Igoingtofacetomorrow?Youwanttoopenthatmailboxwithoutbracingyourselfforhopefully,what'sa
• 9:47
  creditcardstatement
• 9:47
  goingtolooklikethismonth?Sowhenyouchange
• 9:50
  the
• 9:50
  plan,whenyoupause
• 9:52
  theswipes,
• 9:53
  when
• 9:53
  youpay
• 9:53
  morethan
• 9:54
  the
• 9:54
  minimum
• 9:54
  andyouswitchtocashordebit,you'renotrestrictingyourlife,
• 9:58
  you'reremovingaweight.You'rechoosingpeaceoverpretending.You'rechoosingtomorrowoverimpulse.Andthatchoicerightthere,
• 10:06
  that'snotpunishment.
• 10:08
  That's
• 10:08
  actually
• 10:08
  youcomingbacktolife.Let'slook
• 10:11
  atProverbs22:3
• 10:12
  because
• 10:13
  itremindsus
• 10:13
  ofthis,theprudence.Seedangerandtake
• 10:16
  refuge,butthe
• 10:18
  simplekeepgoingandpaythepenalty.Now,you
• 10:21
  might
• 10:21
  sayatfirstglancethatvirtueisharsh.It'snot
• 10:23
  harsh,it's
• 10:24
  protective.God'swisdomhelpsus
• 10:27
  noticedangerearlyandchoosesafetywithconfidence.Let'spray.Lord,we
• 10:34
  justthankyouforgiving
• 10:35
  us
• 10:35
  wisdomto
• 10:35
  recognizewhat'sweighing
• 10:37
  usdown.Helpuspause
• 10:39
  whendangerappearsandchooserefuge
• 10:41
  instead.Giveuscourageto
• 10:44
  changethe
• 10:44
  habitsand
• 10:45
  trustyouwith
• 10:46
  eachsmallstepthatwe
• 10:47
  makeinourlives,Lord.Andweaskthis
• 10:48
  inJesusname,Amen.Here's
• 10:52
  yoursteptoday.
• 10:53
  Ifyou'recarryingcreditcarddebt,
• 10:55
  Iwant
• 10:56
  youtomakeacleardecision
• 10:57
  to
• 10:57
  stopusingcreditcards
• 10:59
  untilit'spaidoffagain.
• 11:01
  Thisisn'tpunishment,it'sprotection.Someone
• 11:05
  onourcommunityoncesaid,themomentIstopswiping,I
• 11:09
  finally
• 11:09
  felt
• 11:09
  likeI
• 11:09
  waswinning.Thiscommunityis
• 11:12
  asafeplaceto
• 11:13
  learn,toadjustandtomove
• 11:15
  forwardwithoutjudgment.
• 11:16
  Youbelonghere.I
• 11:17
  want
• 11:18
  toencourageyou.
• 11:18
  Go
• 11:18
  tofinanciallyconfidentchristian.comjoinagain.
• 11:22
  That'sfinanciallyconfidentchristian.comjoinwe
• 11:26
  wouldlove
• 11:26
  tohaveyouon
• 11:26
  our
• 11:26
  community.
• 11:28
  Freedom
• 11:28
  doesn'thappenall
• 11:29
  atonce.Ithappensonewisedecisionat
• 11:33
  atime.You'renotbehind.You'rebecomingmore
• 11:36
  awareandthatissuperpowerful.Sotoday,goout
• 11:40
  thereandbeafinancially
• 11:42
  confidentChristian.
• 11:43
  Ihaveconfidenceinyou.Youcandothis.Stayfinanciallysavvy.
• 11:47
  Godbless
• 11:48
  you.Andyou
• 11:48
  haveagreatdaytoday.//