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How do I invest beyond my 401K for success? · Becoming Financially Confident

• 0:37
  How
• 0:37
  about
• 0:38
  we
• 0:38
  go
• 0:38
  for
• 0:38
  a
• 0:38
  walk
• 0:38
  today
• 0:39
  together?
• 0:40
  Yes.
• 0:40
  Bear
• 0:40
  with
• 0:40
  me
• 0:41
  here
• 0:41
  a
• 0:41
  second
• 0:41
  because
• 0:41
  it's
• 0:42
  going
• 0:42
  to
• 0:42
  make
• 0:42
  sense
• 0:42
  here
• 0:42
  in
• 0:42
  a
• 0:43
  second.
• 0:43
  Let's
• 0:43
  say
• 0:43
  we're
• 0:43
  out
• 0:43
  for
• 0:43
  a
• 0:43
  walk.
• 0:45
  Put
• 0:45
  your
• 0:45
  phone
• 0:45
  away
• 0:45
  for
• 0:46
  a
• 0:46
  second
• 0:46
  and
• 0:46
  just
• 0:46
  enjoy
• 0:47
  the
• 0:47
  nature
• 0:47
  all
• 0:48
  around.
• 0:48
  You're
• 0:48
  walking
• 0:48
  down
• 0:49
  the
• 0:49
  sidewalk
• 0:50
  and
• 0:50
  all
• 0:50
  of
• 0:50
  a
• 0:50
  sudden
• 0:51
  you
• 0:51
  see
• 0:51
  something
• 0:51
  on
• 0:51
  the
• 0:51
  sidewalk
• 0:52
  just
• 0:52
  a
• 0:52
  little
• 0:52
  bit
• 0:52
  in
• 0:53
  front
• 0:53
  of
• 0:53
  you.
• 0:53
  You
• 0:54
  start
• 0:54
  to
• 0:54
  think,
• 0:54
  what
• 0:54
  is
• 0:55
  that?
• 0:55
  As
• 0:55
  you
• 0:55
  get
• 0:55
  closer
• 0:56
  like
• 0:56
  that
• 0:56
  looks
• 0:56
  like
• 0:56
  money.
• 0:58
  You
• 0:58
  get
• 0:58
  closer
• 0:58
  yet
• 0:59
  it's
• 0:59
  a
• 0:59
  hundred
• 0:59
  dollar
• 0:59
  bill
• 1:00
  laying
• 1:00
  on
• 1:00
  the
• 1:00
  sidewalk.
• 1:02
  So
• 1:02
  let
• 1:02
  me
• 1:02
  ask
• 1:02
  you
• 1:03
  this
• 1:03
  question.
• 1:04
  Do
• 1:04
  you
• 1:04
  pick
• 1:04
  it
• 1:04
  up?
• 1:05
  Of
• 1:06
  course
• 1:06
  you
• 1:06
  did.
• 1:07
  But
• 1:07
  what
• 1:07
  if
• 1:07
  you
• 1:08
  didn't?
• 1:09
  And
• 1:09
  that's
• 1:09
  what
• 1:09
  we
• 1:09
  want
• 1:10
  to
• 1:10
  talk
• 1:10
  about
• 1:10
  on
• 1:10
  today's
• 1:11
  show.
• 1:12
  I
• 1:12
  want
• 1:12
  to
• 1:12
  start
• 1:12
  talking
• 1:13
  about
• 1:13
  how
• 1:13
  do
• 1:13
  we
• 1:13
  get
• 1:14
  beyond
• 1:14
  just
• 1:15
  investing
• 1:15
  in
• 1:15
  the
• 1:16
  401k
• 1:16
  because
• 1:16
  truth
• 1:17
  is,
• 1:17
  and
• 1:17
  I'm
• 1:17
  going
• 1:17
  to
• 1:17
  share
• 1:17
  some
• 1:17
  statistics
• 1:18
  in
• 1:18
  just
• 1:18
  a
• 1:18
  few
• 1:18
  minutes,
• 1:19
  if
• 1:20
  you're
• 1:20
  just
• 1:20
  investing
• 1:21
  in
• 1:21
  your
• 1:21
  401k,
• 1:22
  I'm
• 1:22
  hate
• 1:22
  to
• 1:22
  tell
• 1:23
  you
• 1:23
  this,
• 1:23
  but
• 1:24
  it's
• 1:24
  not
• 1:24
  going
• 1:24
  to
• 1:24
  be
• 1:24
  enough.
• 1:24
  And
• 1:25
  I
• 1:25
  got
• 1:25
  this
• 1:25
  listener
• 1:25
  question.
• 1:26
  This
• 1:26
  really
• 1:26
  nails
• 1:27
  it.
• 1:27
  It's
• 1:27
  an
• 1:28
  awesome
• 1:28
  question,
• 1:29
  Ralph.
• 1:30
  I'm
• 1:30
  already
• 1:30
  getting
• 1:30
  my
• 1:31
  employers
• 1:31
  401k
• 1:32
  match.
• 1:32
  That's
• 1:32
  free
• 1:33
  money.
• 1:33
  I'm
• 1:33
  so
• 1:34
  happy
• 1:34
  that
• 1:34
  they
• 1:34
  said
• 1:34
  that.
• 1:34
  That
• 1:35
  is
• 1:35
  absolutely
• 1:35
  true.
• 1:35
  That
• 1:35
  is
• 1:36
  free
• 1:36
  money.
• 1:37
  But
• 1:38
  they
• 1:38
  go
• 1:38
  on,
• 1:39
  what
• 1:39
  should
• 1:39
  I
• 1:40
  do
• 1:40
  beyond
• 1:40
  that?
• 1:41
  How
• 1:41
  do
• 1:41
  I
• 1:42
  make
• 1:42
  sure
• 1:42
  I'm
• 1:42
  saving
• 1:43
  enough
• 1:43
  for
• 1:43
  retirement?
• 1:43
  Again,
• 1:44
  what
• 1:44
  an
• 1:44
  awesome
• 1:44
  question.
• 1:46
  Because
• 1:46
  the
• 1:47
  answer
• 1:47
  is
• 1:47
  yes,
• 1:48
  it's
• 1:48
  more
• 1:48
  than
• 1:48
  just
• 1:49
  that
• 1:49
  3%
• 1:49
  match.
• 1:50
  That's
• 1:50
  not
• 1:50
  going
• 1:50
  to
• 1:50
  be
• 1:50
  enough.
• 1:52
  See,
• 1:52
  the
• 1:52
  401k
• 1:53
  match
• 1:53
  is
• 1:53
  one
• 1:54
  of
• 1:54
  the
• 1:54
  best
• 1:54
  deals
• 1:54
  in
• 1:54
  town
• 1:55
  out
• 1:55
  there.
• 1:55
  It's
• 1:55
  free
• 1:55
  money.
• 1:56
  Absolutely
• 1:56
  agree
• 1:56
  with
• 1:57
  that.
• 1:58
  But
• 1:58
  if
• 1:58
  you
• 1:58
  stop
• 1:58
  there,
• 1:59
  you
• 2:00
  don't
• 2:00
  at
• 2:00
  least
• 2:00
  bend
• 2:01
  over
• 2:01
  and
• 2:01
  pick
• 2:01
  up
• 2:01
  that
• 2:01
  hundred
• 2:01
  dollar
• 2:02
  bill.
• 2:02
  The
• 2:03
  truth
• 2:03
  is,
• 2:03
  and
• 2:04
  I
• 2:04
  hate
• 2:04
  to
• 2:04
  tell
• 2:04
  you
• 2:04
  this,
• 2:04
  but
• 2:04
  it's
• 2:05
  the
• 2:05
  truth.
• 2:05
  It's
• 2:05
  set
• 2:05
  out
• 2:06
  of
• 2:06
  love
• 2:06
  today.
• 2:07
  The
• 2:07
  truth
• 2:07
  is
• 2:07
  you're
• 2:08
  probably
• 2:08
  not
• 2:08
  saving
• 2:08
  enough
• 2:08
  for
• 2:09
  retirement.
• 2:10
  So
• 2:10
  let's
• 2:10
  talk
• 2:10
  about
• 2:10
  what
• 2:11
  comes
• 2:11
  next
• 2:11
  to
• 2:11
  really
• 2:11
  fund
• 2:12
  that
• 2:12
  retirement
• 2:13
  for
• 2:13
  an
• 2:13
  impactful
• 2:14
  retirement.
• 2:15
  And
• 2:15
  you
• 2:15
  don't
• 2:15
  feel
• 2:15
  like
• 2:16
  you're
• 2:16
  always
• 2:16
  scrimping
• 2:16
  and
• 2:17
  saving.
• 2:19
  This
• 2:19
  is
• 2:19
  Financially
• 2:20
  Confident
• 2:20
  Christian,
• 2:21
  your
• 2:21
  daily
• 2:22
  dose
• 2:22
  of
• 2:22
  gospel
• 2:23
  grounded
• 2:23
  insight
• 2:23
  and
• 2:24
  faith
• 2:24
  driven
• 2:24
  tips.
• 2:25
  And
• 2:25
  to
• 2:25
  help
• 2:25
  you
• 2:25
  break
• 2:26
  the
• 2:26
  cycle
• 2:26
  of
• 2:26
  financial
• 2:27
  shame
• 2:27
  with
• 2:27
  confidence.
• 2:30
  Hello
• 2:30
  and
• 2:30
  welcome
• 2:31
  back
• 2:31
  to
• 2:31
  the
• 2:31
  show.
• 2:31
  My
• 2:31
  name
• 2:32
  is
• 2:32
  Ralph
• 2:32
  and
• 2:32
  I'm
• 2:32
  so
• 2:33
  happy
• 2:33
  you
• 2:33
  chose
• 2:33
  to
• 2:33
  join
• 2:34
  me
• 2:34
  today.
• 2:34
  I've
• 2:35
  worked
• 2:35
  with
• 2:35
  hundreds
• 2:36
  of
• 2:36
  clients
• 2:36
  over
• 2:36
  the
• 2:37
  years
• 2:37
  maximizing
• 2:38
  their
• 2:38
  employer
• 2:39
  plans,
• 2:39
  building
• 2:40
  retirement
• 2:40
  strategies
• 2:41
  beyond
• 2:41
  that
• 2:41
  401k
• 2:42
  match.
• 2:43
  And
• 2:43
  today
• 2:43
  I
• 2:43
  really
• 2:44
  want
• 2:44
  to
• 2:44
  take
• 2:44
  a
• 2:44
  few
• 2:44
  minutes
• 2:44
  and
• 2:45
  talk
• 2:45
  about
• 2:45
  Ralph,
• 2:46
  what
• 2:46
  do
• 2:46
  I
• 2:46
  do
• 2:46
  beyond
• 2:47
  that?
• 2:47
  Because
• 2:48
  there's
• 2:48
  so
• 2:48
  many
• 2:49
  things
• 2:49
  that
• 2:49
  you
• 2:49
  can
• 2:49
  do.
• 2:51
  As
• 2:51
  we
• 2:51
  talked
• 2:51
  about
• 2:51
  a
• 2:51
  little
• 2:51
  bit,
• 2:52
  a
• 2:52
  lot
• 2:52
  of
• 2:53
  employers,
• 2:53
  if
• 2:53
  you're
• 2:53
  fortunate,
• 2:54
  you've
• 2:54
  got
• 2:54
  a
• 2:54
  401k
• 2:55
  at
• 2:55
  work,
• 2:55
  they'll
• 2:56
  match
• 2:56
  a
• 2:56
  certain
• 2:56
  amount,
• 2:57
  maybe
• 2:57
  3,
• 2:57
  4.
• 2:58
  I've
• 2:58
  even
• 2:58
  seen
• 2:58
  them
• 2:59
  up
• 2:59
  to
• 2:59
  5,
• 2:59
  6,
• 3:00
  7%.
• 3:01
  But
• 3:01
  the
• 3:01
  problem
• 3:01
  is
• 3:02
  in
• 3:02
  my
• 3:02
  practice,
• 3:02
  and
• 3:03
  this
• 3:03
  is
• 3:03
  a
• 3:03
  sad
• 3:03
  part,
• 3:04
  I've
• 3:04
  seen
• 3:04
  so
• 3:05
  many
• 3:05
  people
• 3:06
  stop
• 3:06
  matching
• 3:06
  at
• 3:07
  that
• 3:07
  point
• 3:08
  they'll
• 3:08
  say
• 3:08
  to
• 3:08
  me,
• 3:08
  Ralph,
• 3:09
  well,
• 3:09
  I
• 3:09
  got
• 3:09
  enough.
• 3:09
  I'm
• 3:09
  putting
• 3:10
  in
• 3:10
  what
• 3:10
  the
• 3:10
  employers
• 3:10
  are.
• 3:10
  Why
• 3:11
  should
• 3:11
  I
• 3:11
  do
• 3:11
  more
• 3:11
  than
• 3:11
  that?
• 3:12
  It's
• 3:13
  a
• 3:13
  short
• 3:13
  sighted
• 3:14
  view
• 3:14
  of
• 3:14
  this
• 3:14
  because
• 3:14
  in
• 3:15
  the
• 3:15
  end,
• 3:15
  when
• 3:15
  you
• 3:15
  get
• 3:16
  to
• 3:16
  retirement,
• 3:16
  I'm
• 3:16
  going
• 3:16
  to
• 3:16
  share
• 3:16
  some
• 3:17
  statistics
• 3:17
  here
• 3:17
  in
• 3:17
  just
• 3:17
  a
• 3:18
  few
• 3:18
  minutes,
• 3:19
  when
• 3:19
  you
• 3:19
  get
• 3:19
  to
• 3:19
  the
• 3:20
  end,
• 3:20
  unfortunately,
• 3:21
  so
• 3:21
  many
• 3:21
  people
• 3:21
  realize
• 3:22
  they
• 3:22
  haven't
• 3:23
  saved
• 3:23
  enough.
• 3:24
  I'll
• 3:25
  tell
• 3:25
  you
• 3:25
  about
• 3:25
  a
• 3:25
  client
• 3:25
  that
• 3:25
  I
• 3:26
  worked
• 3:26
  with.
• 3:26
  I
• 3:27
  had
• 3:27
  a
• 3:27
  client
• 3:27
  one
• 3:27
  time
• 3:27
  came
• 3:28
  and
• 3:28
  said
• 3:28
  to
• 3:28
  me,
• 3:28
  Ralph,
• 3:29
  we're
• 3:29
  maxing
• 3:30
  out
• 3:30
  our
• 3:30
  retirement
• 3:30
  because
• 3:31
  we
• 3:31
  got
• 3:31
  that
• 3:31
  match.
• 3:33
  That's
• 3:33
  what
• 3:33
  they
• 3:33
  said
• 3:33
  to
• 3:33
  me.
• 3:33
  They
• 3:34
  said,
• 3:34
  Ralph,
• 3:34
  we're
• 3:34
  maxing
• 3:34
  out,
• 3:35
  we
• 3:35
  are
• 3:35
  in
• 3:35
  good
• 3:35
  shape.
• 3:36
  And
• 3:37
  listen,
• 3:37
  I'm
• 3:37
  not
• 3:37
  judging
• 3:38
  them.
• 3:38
  I
• 3:38
  used
• 3:38
  to
• 3:38
  think
• 3:38
  the
• 3:38
  same
• 3:39
  thing
• 3:39
  back
• 3:40
  before
• 3:40
  I
• 3:40
  started
• 3:40
  my
• 3:40
  own
• 3:40
  practice.
• 3:41
  I
• 3:41
  worked
• 3:41
  for
• 3:41
  another
• 3:42
  business
• 3:42
  where
• 3:43
  I
• 3:43
  actually
• 3:43
  had
• 3:43
  a
• 3:43
  traditional
• 3:44
  401k.
• 3:44
  It
• 3:45
  seems
• 3:45
  like
• 3:45
  ages
• 3:45
  ago
• 3:45
  now
• 3:46
  as
• 3:46
  I've
• 3:46
  been
• 3:46
  doing
• 3:46
  this
• 3:47
  myself
• 3:47
  for
• 3:47
  going
• 3:48
  on
• 3:48
  30
• 3:48
  years
• 3:48
  now.
• 3:48
  It's
• 3:49
  hard
• 3:49
  to
• 3:49
  believe
• 3:49
  it's
• 3:49
  been
• 3:49
  that
• 3:49
  long,
• 3:50
  but
• 3:51
  so
• 3:51
  many
• 3:51
  people
• 3:51
  think
• 3:51
  that,
• 3:52
  well,
• 3:52
  I'm
• 3:52
  maxing
• 3:52
  out,
• 3:52
  Ralph.
• 3:53
  I'm
• 3:53
  putting
• 3:53
  in
• 3:53
  the
• 3:53
  employer
• 3:54
  match.
• 3:55
  When
• 3:56
  I
• 3:56
  sat
• 3:56
  down
• 3:56
  with
• 3:56
  them
• 3:57
  and
• 3:57
  I
• 3:57
  ran
• 3:57
  the
• 3:57
  numbers,
• 3:59
  this
• 3:59
  is
• 3:59
  something
• 3:59
  I'm
• 3:59
  going
• 4:00
  to
• 4:00
  challenge
• 4:00
  you
• 4:00
  to
• 4:00
  do.
• 4:00
  It's
• 4:00
  not
• 4:01
  a
• 4:01
  comfortable
• 4:01
  exercise,
• 4:03
  but
• 4:03
  when
• 4:03
  we
• 4:03
  ran
• 4:03
  the
• 4:04
  numbers,
• 4:05
  we
• 4:05
  found
• 4:05
  out
• 4:05
  they
• 4:06
  were
• 4:06
  way
• 4:06
  behind.
• 4:06
  And
• 4:06
  in
• 4:07
  that
• 4:07
  particular
• 4:07
  case,
• 4:07
  we
• 4:07
  added
• 4:08
  a
• 4:08
  Roth
• 4:08
  IRA
• 4:08
  and
• 4:08
  it
• 4:09
  changed
• 4:09
  our
• 4:09
  whole
• 4:09
  trajectory.
• 4:10
  We'll
• 4:10
  talk
• 4:10
  about
• 4:11
  how
• 4:11
  to
• 4:11
  do
• 4:11
  some
• 4:11
  of
• 4:11
  those
• 4:12
  things
• 4:12
  today.
• 4:12
  But
• 4:12
  I
• 4:12
  love
• 4:13
  what
• 4:13
  Dave
• 4:13
  Ramsey
• 4:13
  said.
• 4:13
  I'm
• 4:14
  not
• 4:14
  often
• 4:14
  on
• 4:15
  the
• 4:15
  same
• 4:15
  page
• 4:15
  as
• 4:15
  Dave
• 4:15
  Ramsey.
• 4:16
  He
• 4:16
  has
• 4:16
  one
• 4:17
  investment
• 4:17
  belief,
• 4:18
  I
• 4:18
  have
• 4:18
  a
• 4:18
  different
• 4:18
  one.
• 4:18
  But
• 4:19
  Dave
• 4:19
  said
• 4:19
  this
• 4:19
  and
• 4:19
  I
• 4:20
  100%
• 4:20
  agree
• 4:21
  with
• 4:21
  this.
• 4:22
  The
• 4:22
  match
• 4:22
  is
• 4:23
  great.
• 4:24
  He
• 4:24
  alludes
• 4:24
  to
• 4:24
  that.
• 4:24
  I
• 4:25
  agree
• 4:25
  with
• 4:25
  him
• 4:25
  now,
• 4:26
  but
• 4:26
  it
• 4:26
  won't
• 4:26
  make
• 4:27
  you
• 4:27
  wealthy
• 4:27
  by
• 4:27
  itself.
• 4:29
  And
• 4:29
  he
• 4:29
  I
• 4:30
  love
• 4:30
  what
• 4:30
  he
• 4:30
  ends
• 4:30
  with.
• 4:31
  If
• 4:31
  you
• 4:31
  hear
• 4:31
  nothing
• 4:31
  else
• 4:32
  that
• 4:32
  Ralph
• 4:32
  says
• 4:32
  today,
• 4:33
  what
• 4:34
  Dave
• 4:34
  said
• 4:34
  nails
• 4:35
  it.
• 4:35
  You've
• 4:36
  got
• 4:36
  to
• 4:36
  save
• 4:36
  more
• 4:36
  than
• 4:37
  the
• 4:37
  minimum.
• 4:38
  Well
• 4:38
  said,
• 4:39
  Dave,
• 4:39
  what
• 4:39
  do
• 4:39
  you
• 4:40
  think?
• 4:40
  As
• 4:40
  you're
• 4:40
  listening
• 4:40
  Right
• 4:41
  now.
• 4:42
  Do
• 4:42
  you
• 4:42
  agree
• 4:42
  with
• 4:42
  them?
• 4:43
  I
• 4:43
  think
• 4:44
  we
• 4:44
  absolutely
• 4:44
  have
• 4:44
  to
• 4:45
  because
• 4:45
  retirement
• 4:46
  is
• 4:46
  going
• 4:46
  to
• 4:47
  cost
• 4:47
  more
• 4:47
  than
• 4:47
  you
• 4:47
  think.
• 4:48
  Here's
• 4:48
  the
• 4:49
  statistics.
• 4:49
  I
• 4:49
  planned
• 4:50
  that.
• 4:50
  I
• 4:50
  promise
• 4:50
  that
• 4:51
  I
• 4:51
  will
• 4:51
  talk
• 4:51
  about.
• 4:52
  Here's
• 4:52
  the
• 4:52
  truth.
• 4:53
  Most
• 4:54
  employers
• 4:54
  match
• 4:55
  3
• 4:55
  to
• 4:55
  6%
• 4:55
  of
• 4:56
  salary.
• 4:56
  That's
• 4:56
  generally
• 4:57
  the
• 4:57
  go
• 4:57
  to
• 4:57
  thing
• 4:58
  that
• 4:58
  they
• 4:58
  do.
• 4:59
  But
• 4:59
  if
• 4:59
  you
• 5:00
  stop
• 5:00
  there
• 5:01
  and
• 5:02
  just
• 5:02
  do
• 5:02
  that
• 5:02
  3%
• 5:03
  to
• 5:03
  6%,
• 5:04
  and
• 5:04
  like
• 5:04
  I
• 5:04
  said,
• 5:04
  6%
• 5:05
  is
• 5:05
  a
• 5:05
  pretty
• 5:06
  big
• 5:06
  number.
• 5:06
  I
• 5:06
  don't
• 5:06
  see
• 5:06
  a
• 5:07
  lot
• 5:07
  of
• 5:07
  those
• 5:07
  in
• 5:07
  the
• 5:08
  day
• 5:08
  to
• 5:08
  day.
• 5:08
  There's
• 5:08
  a
• 5:08
  lot
• 5:08
  of
• 5:09
  customers,
• 5:09
  a
• 5:09
  lot
• 5:10
  of
• 5:10
  people
• 5:10
  that
• 5:10
  I
• 5:10
  work
• 5:10
  with,
• 5:11
  their
• 5:11
  bosses
• 5:12
  or
• 5:12
  their
• 5:12
  businesses
• 5:13
  don't
• 5:13
  match
• 5:13
  at
• 5:13
  all.
• 5:14
  You
• 5:14
  might
• 5:14
  find
• 5:14
  yourself
• 5:15
  right
• 5:15
  there.
• 5:16
  So
• 5:16
  at
• 5:16
  least
• 5:16
  do
• 5:16
  the
• 5:17
  match.
• 5:17
  But
• 5:17
  here's
• 5:17
  the
• 5:17
  thing.
• 5:18
  They're
• 5:19
  usually
• 5:19
  saving
• 5:19
  8
• 5:20
  to
• 5:20
  9%
• 5:20
  of
• 5:20
  the
• 5:21
  total.
• 5:21
  But
• 5:21
  here's
• 5:21
  the
• 5:21
  recommendation.
• 5:23
  Most
• 5:23
  financial
• 5:24
  gurus,
• 5:25
  myself
• 5:25
  included,
• 5:26
  recommend
• 5:26
  that
• 5:27
  you
• 5:27
  put
• 5:27
  about
• 5:27
  15%
• 5:28
  of
• 5:29
  your
• 5:29
  annual
• 5:30
  money
• 5:30
  away
• 5:30
  for
• 5:30
  retirement.
• 5:31
  You
• 5:31
  might
• 5:31
  be
• 5:31
  saying,
• 5:31
  rob,
• 5:32
  there's
• 5:32
  no
• 5:32
  way
• 5:32
  I'm
• 5:32
  going
• 5:32
  to
• 5:32
  put
• 5:32
  15%
• 5:33
  away.
• 5:34
  I'm
• 5:34
  not
• 5:34
  saying
• 5:35
  you're
• 5:35
  going
• 5:35
  to
• 5:35
  get
• 5:35
  there
• 5:35
  today.
• 5:35
  I'm
• 5:36
  not
• 5:36
  saying
• 5:36
  you're
• 5:36
  going
• 5:36
  to
• 5:36
  get
• 5:36
  there
• 5:36
  next
• 5:37
  week
• 5:37
  or
• 5:37
  next
• 5:37
  year.
• 5:38
  But
• 5:38
  I
• 5:38
  think
• 5:39
  in
• 5:39
  your
• 5:39
  mind
• 5:39
  you
• 5:39
  got
• 5:39
  to
• 5:40
  be
• 5:40
  thinking
• 5:40
  about
• 5:40
  that
• 5:41
  goal.
• 5:42
  Because
• 5:42
  here's
• 5:42
  the
• 5:43
  truth.
• 5:43
  I
• 5:44
  looked
• 5:44
  at
• 5:44
  this
• 5:44
  statistic.
• 5:45
  It
• 5:45
  was
• 5:45
  rather
• 5:45
  alarming
• 5:47
  because
• 5:47
  if
• 5:47
  you
• 5:47
  only
• 5:48
  do
• 5:48
  that
• 5:48
  3
• 5:49
  to
• 5:49
  6%
• 5:49
  where
• 5:49
  you're
• 5:50
  only
• 5:50
  putting
• 5:50
  about
• 5:50
  8
• 5:51
  to
• 5:51
  9%
• 5:51
  of
• 5:51
  your
• 5:51
  total
• 5:52
  needed,
• 5:53
  you're
• 5:53
  only
• 5:53
  going
• 5:53
  to
• 5:54
  end
• 5:54
  up
• 5:54
  without
• 5:54
  30
• 5:54
  to
• 5:55
  60%
• 5:56
  of
• 5:56
  what
• 5:56
  you
• 5:56
  need
• 5:56
  in
• 5:56
  retirement
• 5:57
  to
• 5:57
  retire
• 5:57
  comfortably.
• 5:59
  And
• 5:59
  here's
• 6:00
  one,
• 6:00
  this
• 6:00
  one
• 6:00
  actually
• 6:01
  was
• 6:01
  a
• 6:01
  sad
• 6:02
  statistic
• 6:02
  when
• 6:02
  I
• 6:02
  read
• 6:03
  this,
• 6:03
  and
• 6:03
  this
• 6:03
  isn't
• 6:03
  the
• 6:04
  first
• 6:04
  time
• 6:04
  I
• 6:04
  heard
• 6:04
  this,
• 6:05
  but
• 6:05
  listen,
• 6:06
  you
• 6:06
  need
• 6:06
  to
• 6:06
  hear
• 6:06
  this
• 6:07
  for
• 6:07
  people
• 6:07
  who
• 6:08
  are
• 6:08
  in
• 6:08
  ages
• 6:09
  55
• 6:09
  to
• 6:09
  64.
• 6:10
  So
• 6:10
  listen,
• 6:10
  I'm
• 6:10
  53.
• 6:11
  I'm
• 6:11
  not
• 6:11
  far
• 6:11
  away
• 6:11
  from
• 6:12
  the
• 6:12
  beginning
• 6:12
  point
• 6:13
  of
• 6:13
  this
• 6:13
  particular
• 6:14
  statistic.
• 6:15
  64,
• 6:16
  hey,
• 6:16
  we're
• 6:16
  getting
• 6:16
  ready
• 6:16
  to
• 6:16
  retire.
• 6:18
  But
• 6:18
  for
• 6:18
  those
• 6:18
  ages
• 6:19
  55
• 6:19
  to
• 6:20
  64,
• 6:21
  the
• 6:21
  median
• 6:22
  retirement
• 6:22
  savings
• 6:22
  means
• 6:23
  the
• 6:23
  middle
• 6:23
  of
• 6:23
  that.
• 6:23
  The
• 6:23
  average
• 6:24
  person
• 6:25
  is
• 6:26
  under
• 6:26
  $165,000.
• 6:29
  That's
• 6:29
  all
• 6:29
  they've
• 6:30
  got
• 6:30
  saved
• 6:30
  for
• 6:30
  retirement,
• 6:31
  $165,000.
• 6:33
  Now,
• 6:33
  the
• 6:33
  goal,
• 6:34
  we
• 6:34
  talked
• 6:34
  about
• 6:34
  that
• 6:35
  particular
• 6:35
  goal,
• 6:36
  the
• 6:37
  goal
• 6:37
  is
• 6:37
  between
• 6:37
  a
• 6:38
  half
• 6:38
  a
• 6:38
  million
• 6:38
  and
• 6:38
  a
• 6:39
  million
• 6:39
  dollars.
• 6:39
  That's
• 6:40
  what
• 6:40
  most
• 6:40
  households
• 6:40
  will
• 6:41
  need.
• 6:41
  And
• 6:41
  we
• 6:41
  look
• 6:41
  at
• 6:41
  the
• 6:41
  numbers,
• 6:42
  that's
• 6:42
  what
• 6:42
  most
• 6:43
  households
• 6:43
  will
• 6:43
  need.
• 6:44
  You
• 6:44
  probably
• 6:44
  say,
• 6:44
  rob,
• 6:44
  there's
• 6:45
  no
• 6:45
  way
• 6:45
  I'm
• 6:45
  going
• 6:45
  to
• 6:45
  get
• 6:45
  to
• 6:45
  that.
• 6:46
  But
• 6:46
  that's
• 6:47
  a
• 6:47
  big
• 6:47
  deal.
• 6:48
  So
• 6:48
  if
• 6:49
  you're
• 6:49
  younger,
• 6:49
  it
• 6:49
  may
• 6:49
  Mean,
• 6:50
  if
• 6:50
  you're
• 6:50
  like
• 6:50
  me
• 6:50
  in
• 6:50
  middle
• 6:51
  age,
• 6:51
  you
• 6:51
  got
• 6:51
  to
• 6:51
  start
• 6:51
  thinking
• 6:51
  about
• 6:52
  how
• 6:52
  do
• 6:52
  I
• 6:52
  kick
• 6:52
  this
• 6:52
  up
• 6:53
  a
• 6:53
  notch?
• 6:53
  How
• 6:53
  do
• 6:53
  I
• 6:53
  get
• 6:54
  to
• 6:54
  that
• 6:54
  point
• 6:54
  where
• 6:54
  I'm
• 6:54
  going
• 6:54
  to
• 6:54
  be
• 6:55
  able
• 6:55
  to
• 6:55
  make
• 6:55
  this
• 6:55
  work?
• 6:56
  And
• 6:57
  here's
• 6:57
  where
• 6:57
  the
• 6:57
  real
• 6:57
  problem
• 6:58
  is,
• 6:58
  the
• 6:58
  confidence
• 6:59
  gap.
• 6:59
  And
• 6:59
  when
• 6:59
  I've
• 6:59
  read
• 6:59
  this,
• 7:00
  this
• 7:00
  was
• 7:00
  really,
• 7:01
  this
• 7:01
  is
• 7:01
  heartbreaking
• 7:01
  to
• 7:02
  me.
• 7:02
  I
• 7:02
  have
• 7:03
  a
• 7:03
  lot
• 7:03
  of
• 7:03
  passion
• 7:03
  for
• 7:03
  what
• 7:03
  I
• 7:04
  do.
• 7:04
  You
• 7:04
  probably
• 7:04
  hear
• 7:04
  it
• 7:04
  in
• 7:04
  my
• 7:04
  voice
• 7:05
  every
• 7:05
  day.
• 7:05
  A
• 7:06
  lot
• 7:06
  of
• 7:06
  passion
• 7:06
  for
• 7:06
  what
• 7:07
  I
• 7:07
  do.
• 7:07
  But
• 7:08
  only
• 7:08
  31%
• 7:09
  of
• 7:09
  non
• 7:10
  retirees
• 7:10
  say
• 7:10
  they're
• 7:11
  on
• 7:11
  track
• 7:11
  for
• 7:11
  retirement
• 7:12
  savings.
• 7:13
  Just
• 7:14
  one
• 7:14
  third
• 7:15
  they
• 7:15
  might
• 7:15
  be
• 7:16
  saying,
• 7:16
  okay,
• 7:16
  Ralph,
• 7:16
  that's
• 7:16
  too
• 7:17
  bad
• 7:17
  for
• 7:17
  them.
• 7:17
  Sorry
• 7:17
  about
• 7:18
  that.
• 7:18
  But
• 7:19
  here's
• 7:19
  the
• 7:19
  sinister
• 7:20
  part
• 7:20
  of
• 7:20
  this.
• 7:20
  And
• 7:20
  when
• 7:21
  I've
• 7:21
  read
• 7:21
  this,
• 7:21
  think
• 7:21
  about
• 7:22
  this
• 7:22
  one.
• 7:23
  Who
• 7:23
  pays
• 7:24
  for
• 7:24
  that
• 7:24
  shortfall?
• 7:25
  Well,
• 7:25
  guess
• 7:25
  what?
• 7:26
  You
• 7:26
  and
• 7:26
  I
• 7:26
  are
• 7:26
  paying
• 7:26
  for
• 7:26
  that
• 7:27
  shortfall.
• 7:27
  And
• 7:28
  it's
• 7:28
  estimated
• 7:28
  to
• 7:29
  cost
• 7:29
  governments.
• 7:29
  Listen
• 7:30
  to
• 7:30
  this
• 7:30
  number.
• 7:30
  When
• 7:30
  I've
• 7:31
  read
• 7:31
  this
• 7:31
  number,
• 7:31
  I
• 7:32
  about
• 7:32
  fell
• 7:32
  out
• 7:32
  of
• 7:32
  my
• 7:32
  chair.
• 7:33
  It's
• 7:33
  cost
• 7:34
  the
• 7:34
  governments
• 7:35
  estimated
• 7:36
  in
• 7:36
  2040
• 7:37
  to
• 7:37
  be
• 7:37
  $1.3
• 7:38
  trillion
• 7:39
  in
• 7:39
  extra
• 7:39
  assistance
• 7:40
  and
• 7:40
  lost
• 7:40
  taxes.
• 7:42
  Now,
• 7:42
  I'm
• 7:42
  going
• 7:42
  to
• 7:42
  say
• 7:42
  something
• 7:43
  that's
• 7:43
  kind
• 7:43
  of
• 7:43
  unkind,
• 7:44
  but
• 7:45
  what
• 7:45
  are
• 7:45
  we
• 7:45
  doing
• 7:45
  there?
• 7:45
  We're
• 7:45
  creating
• 7:46
  a
• 7:46
  welfare
• 7:47
  state
• 7:48
  because
• 7:48
  people
• 7:49
  aren't
• 7:49
  putting
• 7:49
  enough
• 7:50
  away
• 7:50
  for
• 7:50
  retirement.
• 7:51
  So
• 7:51
  we
• 7:51
  need
• 7:51
  to
• 7:51
  figure
• 7:51
  out
• 7:51
  how
• 7:52
  to
• 7:52
  change
• 7:52
  that
• 7:52
  dynamic.
• 7:54
  So
• 7:54
  let's
• 7:54
  talk
• 7:54
  about
• 7:54
  how
• 7:55
  do
• 7:55
  we
• 7:55
  do
• 7:55
  that.
• 7:56
  I've
• 7:56
  got
• 7:56
  a
• 7:56
  couple
• 7:57
  of
• 7:57
  key
• 7:57
  points
• 7:57
  that
• 7:57
  will
• 7:58
  help
• 7:58
  you
• 7:58
  get
• 7:58
  that
• 7:58
  point.
• 7:58
  Listen,
• 7:59
  I
• 7:59
  don't
• 7:59
  have
• 7:59
  all
• 7:59
  the
• 7:59
  answers.
• 7:59
  I'm
• 8:00
  going
• 8:00
  to
• 8:00
  be
• 8:00
  very
• 8:00
  candid
• 8:00
  with
• 8:01
  you.
• 8:01
  It
• 8:02
  comes
• 8:02
  down
• 8:02
  to
• 8:02
  consistency.
• 8:03
  It
• 8:03
  comes
• 8:03
  down
• 8:03
  to
• 8:03
  really
• 8:04
  paying
• 8:04
  attention
• 8:05
  to
• 8:05
  things
• 8:05
  we've
• 8:05
  talked
• 8:05
  about
• 8:06
  all
• 8:06
  through
• 8:06
  this
• 8:06
  investment
• 8:07
  series.
• 8:07
  I've
• 8:08
  given
• 8:08
  you
• 8:08
  some
• 8:08
  great
• 8:08
  ideas.
• 8:09
  We
• 8:09
  got
• 8:09
  to
• 8:09
  put
• 8:09
  these
• 8:09
  things
• 8:10
  into
• 8:10
  practice.
• 8:11
  First
• 8:11
  thing,
• 8:12
  if
• 8:12
  you
• 8:12
  don't
• 8:12
  do
• 8:12
  anything
• 8:13
  else,
• 8:13
  I
• 8:13
  say
• 8:14
  bend
• 8:15
  over
• 8:15
  and
• 8:15
  pick
• 8:15
  up
• 8:16
  that
• 8:16
  hundred
• 8:16
  dollar
• 8:16
  bill,
• 8:17
  Ralph.
• 8:17
  What
• 8:17
  is
• 8:17
  Ralph
• 8:18
  talking
• 8:18
  about?
• 8:18
  If
• 8:18
  you
• 8:18
  work
• 8:19
  for
• 8:19
  an
• 8:19
  employer
• 8:20
  where
• 8:20
  there's
• 8:20
  a
• 8:20
  401k
• 8:21
  match,
• 8:22
  never
• 8:22
  ever
• 8:23
  leave
• 8:23
  that
• 8:24
  money
• 8:24
  on
• 8:24
  the
• 8:24
  table.
• 8:25
  Pick
• 8:26
  it
• 8:26
  up,
• 8:26
  get
• 8:26
  it,
• 8:26
  it's
• 8:27
  free
• 8:27
  money.
• 8:27
  If
• 8:27
  you're
• 8:28
  not
• 8:28
  taking
• 8:28
  it,
• 8:28
  you're
• 8:29
  a
• 8:29
  fool.
• 8:29
  And
• 8:29
  I
• 8:29
  don't
• 8:29
  like
• 8:29
  to
• 8:30
  use
• 8:30
  that
• 8:30
  word,
• 8:30
  but
• 8:31
  take
• 8:31
  the
• 8:31
  free
• 8:31
  money,
• 8:33
  but
• 8:33
  remember,
• 8:34
  it's
• 8:34
  just
• 8:34
  a
• 8:34
  starting
• 8:35
  line.
• 8:35
  It's
• 8:35
  not
• 8:36
  enough.
• 8:36
  Hear
• 8:37
  me
• 8:37
  on
• 8:37
  that?
• 8:37
  It's
• 8:37
  not
• 8:38
  enough.
• 8:39
  So
• 8:39
  if
• 8:40
  you
• 8:40
  can
• 8:40
  afford
• 8:40
  to
• 8:41
  put
• 8:41
  more
• 8:41
  into
• 8:41
  it.
• 8:41
  And
• 8:41
  listen,
• 8:41
  I
• 8:42
  get
• 8:42
  it.
• 8:42
  It
• 8:42
  comes
• 8:42
  down
• 8:43
  to
• 8:43
  a
• 8:43
  budget
• 8:43
  issue.
• 8:44
  It
• 8:44
  comes
• 8:44
  down
• 8:44
  to,
• 8:44
  Ralph,
• 8:45
  there's
• 8:45
  only
• 8:45
  so
• 8:45
  much
• 8:45
  money
• 8:46
  in,
• 8:46
  in
• 8:46
  the
• 8:47
  pot
• 8:47
  here.
• 8:48
  I
• 8:48
  get
• 8:48
  It.
• 8:49
  But
• 8:49
  you
• 8:49
  got
• 8:49
  to
• 8:50
  think
• 8:50
  about
• 8:50
  how
• 8:50
  do
• 8:50
  I
• 8:50
  put
• 8:51
  more
• 8:51
  away
• 8:51
  for
• 8:51
  retirement?
• 8:52
  So
• 8:52
  start
• 8:52
  there.
• 8:53
  The
• 8:53
  401k
• 8:53
  match.
• 8:54
  If
• 8:54
  you're
• 8:55
  fortunate
• 8:55
  enough
• 8:55
  to
• 8:56
  get
• 8:56
  beyond
• 8:56
  the
• 8:56
  401k,
• 8:57
  you're
• 8:57
  able
• 8:57
  to
• 8:57
  put
• 8:57
  as
• 8:58
  much
• 8:58
  as
• 8:58
  you
• 8:58
  can
• 8:58
  into
• 8:58
  that
• 8:59
  401k.
• 8:59
  I'm
• 8:59
  not
• 8:59
  going
• 8:59
  to
• 8:59
  get
• 9:00
  into
• 9:00
  details
• 9:00
  today.
• 9:00
  It's
• 9:01
  a
• 9:01
  big
• 9:01
  number,
• 9:01
  but
• 9:01
  let's
• 9:01
  just
• 9:02
  say
• 9:02
  you're
• 9:02
  blessed
• 9:03
  you're
• 9:03
  able
• 9:03
  to
• 9:03
  do
• 9:04
  that.
• 9:04
  Once
• 9:04
  you
• 9:05
  get
• 9:05
  past
• 9:05
  that
• 9:05
  match,
• 9:06
  one
• 9:07
  of
• 9:07
  the
• 9:07
  things
• 9:07
  you
• 9:07
  consider
• 9:08
  is,
• 9:08
  is
• 9:08
  put
• 9:08
  money
• 9:08
  into
• 9:09
  a
• 9:09
  Roth
• 9:09
  and
• 9:09
  I
• 9:09
  may
• 9:09
  do
• 9:09
  a
• 9:09
  show
• 9:10
  about
• 9:10
  Roth
• 9:10
  IRAs
• 9:10
  in
• 9:10
  the
• 9:11
  future
• 9:11
  if
• 9:11
  you
• 9:11
  go
• 9:11
  back
• 9:11
  in
• 9:11
  the
• 9:12
  catalog.
• 9:12
  All
• 9:12
  of
• 9:13
  our
• 9:13
  shows,
• 9:13
  by
• 9:13
  the
• 9:13
  way,
• 9:13
  are
• 9:14
  at
• 9:15
  financiallyconfidentchristian.com.
• 9:15
  you
• 9:15
  go
• 9:16
  in
• 9:16
  there
• 9:16
  and
• 9:16
  do
• 9:16
  a
• 9:16
  search
• 9:17
  and
• 9:17
  look
• 9:17
  for
• 9:17
  Roth
• 9:17
  iras.
• 9:18
  I've
• 9:18
  done
• 9:18
  many
• 9:18
  shows
• 9:19
  about
• 9:19
  Roth
• 9:19
  iras,
• 9:20
  so
• 9:20
  go
• 9:20
  back
• 9:20
  and
• 9:20
  look
• 9:20
  at
• 9:21
  those.
• 9:21
  But
• 9:21
  after
• 9:22
  you
• 9:22
  get
• 9:22
  past
• 9:22
  that
• 9:23
  match,
• 9:23
  one
• 9:23
  of
• 9:24
  the
• 9:24
  things
• 9:24
  a
• 9:24
  lot
• 9:24
  of
• 9:24
  people
• 9:25
  are
• 9:25
  doing
• 9:25
  is
• 9:25
  putting
• 9:26
  money
• 9:26
  into
• 9:26
  a
• 9:26
  Roth.
• 9:26
  The
• 9:27
  reason
• 9:27
  I
• 9:27
  like
• 9:27
  Roths
• 9:27
  is
• 9:28
  they
• 9:28
  grow
• 9:28
  tax
• 9:28
  free.
• 9:29
  But
• 9:29
  again,
• 9:29
  from
• 9:30
  a.
• 9:30
  I'm
• 9:30
  gonna
• 9:30
  put
• 9:30
  my
• 9:30
  tax
• 9:31
  hat
• 9:31
  on
• 9:31
  for
• 9:31
  a
• 9:31
  second.
• 9:32
  From
• 9:32
  a
• 9:32
  tax
• 9:33
  perspective,
• 9:34
  it's
• 9:34
  great
• 9:34
  that
• 9:34
  they
• 9:34
  grow
• 9:34
  tax
• 9:35
  free.
• 9:35
  But
• 9:35
  if
• 9:35
  you're
• 9:35
  in
• 9:36
  your
• 9:36
  earning
• 9:36
  years
• 9:36
  where
• 9:37
  you're
• 9:37
  in
• 9:37
  that
• 9:37
  higher
• 9:38
  tax
• 9:38
  bracket,
• 9:39
  listen,
• 9:39
  Ralph's
• 9:40
  advice,
• 9:40
  put
• 9:41
  more
• 9:41
  into
• 9:41
  the
• 9:41
  401k.
• 9:43
  So
• 9:43
  contribute
• 9:43
  more
• 9:44
  than
• 9:44
  the
• 9:44
  match.
• 9:45
  Aim
• 9:46
  for
• 9:46
  that
• 9:46
  15%.
• 9:46
  Listen,
• 9:47
  if
• 9:47
  you
• 9:47
  want
• 9:47
  me
• 9:47
  to
• 9:47
  give
• 9:48
  you
• 9:48
  a
• 9:48
  number
• 9:48
  that
• 9:48
  you
• 9:48
  really
• 9:49
  should
• 9:49
  be
• 9:49
  aiming
• 9:49
  for
• 9:50
  and
• 9:50
  it
• 9:50
  might
• 9:51
  make
• 9:51
  you
• 9:51
  feel
• 9:51
  a
• 9:51
  little
• 9:51
  bit
• 9:51
  deflated
• 9:52
  here,
• 9:52
  but
• 9:52
  I'm
• 9:52
  going
• 9:52
  to
• 9:53
  throw
• 9:53
  it.
• 9:53
  It's
• 9:53
  just
• 9:53
  coming
• 9:53
  out
• 9:54
  of
• 9:54
  love.
• 9:54
  This
• 9:54
  is
• 9:54
  honestly
• 9:55
  coming
• 9:55
  out
• 9:55
  of
• 9:55
  love.
• 9:56
  You
• 9:56
  need
• 9:56
  to
• 9:57
  be
• 9:57
  thinking
• 9:57
  of
• 9:57
  about
• 9:57
  15%
• 9:58
  of
• 9:58
  your
• 9:59
  income
• 9:59
  needs
• 9:59
  to
• 9:59
  be
• 9:59
  going
• 10:00
  into
• 10:00
  retirement.
• 10:01
  So
• 10:01
  do
• 10:02
  the
• 10:02
  math.
• 10:03
  Every
• 10:03
  year,
• 10:04
  whatever
• 10:04
  your
• 10:05
  annual
• 10:05
  income
• 10:05
  is,
• 10:06
  15%
• 10:07
  of
• 10:07
  that
• 10:07
  is
• 10:07
  what
• 10:07
  you
• 10:07
  really
• 10:07
  need
• 10:08
  to
• 10:08
  be
• 10:08
  thinking
• 10:08
  about
• 10:08
  putting
• 10:08
  into
• 10:09
  retirement.
• 10:10
  So
• 10:10
  push
• 10:10
  those
• 10:11
  contribution
• 10:11
  limits
• 10:11
  at
• 10:12
  work
• 10:12
  if
• 10:12
  you
• 10:12
  can
• 10:12
  at
• 10:12
  least
• 10:13
  take
• 10:13
  the
• 10:13
  match.
• 10:14
  Now
• 10:14
  once
• 10:14
  you've
• 10:14
  invested
• 10:15
  those
• 10:15
  things,
• 10:16
  then
• 10:16
  you
• 10:16
  can
• 10:16
  look
• 10:16
  at
• 10:16
  some
• 10:17
  other
• 10:17
  ideas
• 10:17
  like
• 10:17
  brokerage.
• 10:18
  I'm
• 10:18
  not
• 10:18
  going
• 10:18
  to
• 10:18
  get
• 10:18
  into
• 10:18
  a
• 10:18
  lot
• 10:19
  of
• 10:19
  details.
• 10:19
  Remember,
• 10:19
  these
• 10:20
  are
• 10:20
  after
• 10:20
  tax
• 10:21
  accounts.
• 10:21
  There
• 10:22
  are
• 10:22
  things
• 10:22
  that
• 10:23
  you
• 10:23
  can
• 10:23
  work
• 10:23
  with
• 10:23
  a
• 10:23
  broker
• 10:24
  to
• 10:24
  help
• 10:24
  you
• 10:24
  build
• 10:24
  these
• 10:24
  things
• 10:25
  in
• 10:25
  addition
• 10:25
  to
• 10:26
  the
• 10:26
  401k.
• 10:26
  But
• 10:27
  if
• 10:27
  you
• 10:27
  are
• 10:27
  covered
• 10:27
  by
• 10:28
  a
• 10:28
  401k
• 10:28
  work.
• 10:29
  I
• 10:29
  know
• 10:29
  I
• 10:29
  probably
• 10:29
  said
• 10:29
  this
• 10:30
  5
• 10:30
  times
• 10:30
  already,
• 10:30
  but
• 10:31
  I
• 10:31
  want
• 10:31
  you
• 10:31
  to
• 10:31
  hear
• 10:31
  this.
• 10:33
  Do
• 10:33
  whatever
• 10:34
  you
• 10:34
  can
• 10:34
  in
• 10:35
  pre
• 10:35
  tax
• 10:35
  dollars.
• 10:36
  That's
• 10:36
  what
• 10:36
  the
• 10:36
  401k
• 10:37
  does.
• 10:37
  That
• 10:37
  money
• 10:37
  comes
• 10:37
  right
• 10:38
  off
• 10:38
  the
• 10:38
  top
• 10:38
  for
• 10:38
  your
• 10:38
  taxes.
• 10:39
  I'M
• 10:39
  wearing
• 10:39
  my
• 10:39
  tax
• 10:39
  hat
• 10:39
  again.
• 10:40
  But
• 10:40
  it's
• 10:40
  so
• 10:41
  critical
• 10:41
  because
• 10:41
  that
• 10:42
  money
• 10:42
  will
• 10:42
  multiply
• 10:43
  because
• 10:43
  of
• 10:43
  compounding
• 10:43
  a
• 10:44
  lot
• 10:44
  quicker.
• 10:45
  But
• 10:45
  have
• 10:46
  a
• 10:46
  big
• 10:46
  picture
• 10:46
  view.
• 10:47
  This
• 10:47
  is
• 10:47
  my
• 10:47
  big
• 10:47
  takeaway
• 10:47
  for
• 10:48
  today.
• 10:48
  Have
• 10:48
  a
• 10:48
  big
• 10:48
  picture
• 10:48
  view.
• 10:50
  You're
• 10:50
  not
• 10:50
  going
• 10:50
  to
• 10:50
  save
• 10:50
  a
• 10:51
  retirement
• 10:51
  over
• 10:52
  the
• 10:52
  next
• 10:52
  couple
• 10:52
  days.
• 10:54
  Retirement
• 10:54
  planning
• 10:54
  takes
• 10:55
  decades.
• 10:56
  But
• 10:56
  as
• 10:57
  Dave
• 10:57
  Ramsey
• 10:57
  said,
• 10:58
  don't
• 10:58
  just
• 10:58
  do
• 10:59
  the
• 10:59
  minimum.
• 11:00
  Because
• 11:00
  let
• 11:00
  me
• 11:00
  ask
• 11:00
  you
• 11:01
  this,
• 11:01
  do
• 11:01
  you
• 11:01
  want
• 11:01
  to
• 11:01
  live
• 11:01
  a
• 11:02
  life
• 11:02
  of
• 11:02
  just
• 11:02
  enough
• 11:03
  when
• 11:03
  you
• 11:03
  retired?
• 11:03
  I
• 11:04
  know
• 11:04
  about
• 11:04
  you,
• 11:04
  but
• 11:04
  I
• 11:04
  don't
• 11:04
  want
• 11:04
  to
• 11:05
  live
• 11:05
  like
• 11:05
  that.
• 11:06
  Don't
• 11:06
  settle
• 11:07
  for
• 11:07
  just
• 11:07
  enough.
• 11:07
  And
• 11:07
  you
• 11:08
  don't
• 11:08
  have
• 11:08
  to
• 11:08
  settle
• 11:08
  for
• 11:08
  just
• 11:09
  enough.
• 11:10
  Let's
• 11:10
  get
• 11:10
  to
• 11:10
  our
• 11:10
  Bible
• 11:11
  verse
• 11:11
  today.
• 11:11
  And
• 11:11
  I
• 11:11
  found
• 11:12
  this
• 11:12
  one
• 11:12
  in
• 11:12
  the
• 11:12
  book
• 11:12
  of
• 11:12
  Ecclesiastes,
• 11:13
  chapter
• 11:14
  11,
• 11:14
  verse
• 11:15
  2.
• 11:16
  And
• 11:16
  it's
• 11:16
  all
• 11:16
  about
• 11:16
  diversification.
• 11:18
  Invest
• 11:18
  in
• 11:19
  seven
• 11:19
  ventures,
• 11:19
  yes.
• 11:20
  In
• 11:20
  eight,
• 11:20
  you
• 11:20
  do
• 11:20
  not
• 11:21
  know
• 11:21
  what
• 11:21
  disaster
• 11:22
  may
• 11:22
  come
• 11:22
  upon
• 11:22
  the
• 11:22
  land.
• 11:24
  This
• 11:24
  really
• 11:24
  isn't
• 11:24
  relative
• 11:25
  to
• 11:25
  the
• 11:25
  idea
• 11:26
  of
• 11:26
  investing
• 11:27
  in
• 11:27
  other
• 11:27
  things,
• 11:27
  but
• 11:28
  it
• 11:28
  does
• 11:28
  talk
• 11:28
  about
• 11:28
  diversification.
• 11:29
  And
• 11:30
  diversification
• 11:30
  is
• 11:31
  super
• 11:31
  important
• 11:32
  as
• 11:32
  we
• 11:32
  talk
• 11:32
  about
• 11:32
  investment.
• 11:33
  So
• 11:33
  I
• 11:33
  wanted
• 11:34
  to
• 11:34
  give
• 11:34
  a
• 11:34
  Bible
• 11:34
  verse
• 11:34
  today
• 11:35
  because
• 11:35
  I
• 11:35
  feel
• 11:35
  like
• 11:35
  it's
• 11:36
  so
• 11:36
  important
• 11:36
  that
• 11:36
  we
• 11:36
  understand
• 11:37
  even
• 11:37
  in
• 11:38
  this
• 11:38
  particular
• 11:38
  episode
• 11:38
  we're
• 11:39
  talking
• 11:39
  about
• 11:39
  today,
• 11:39
  the
• 11:40
  401k,
• 11:41
  the
• 11:41
  Roth
• 11:41
  IRA,
• 11:42
  the
• 11:42
  brokerage
• 11:43
  accounts,
• 11:43
  those
• 11:43
  are
• 11:44
  different
• 11:44
  ways
• 11:44
  to
• 11:44
  fund
• 11:45
  that.
• 11:45
  End
• 11:45
  of
• 11:45
  the
• 11:46
  term,
• 11:46
  when
• 11:46
  you
• 11:46
  get
• 11:46
  to
• 11:46
  that
• 11:47
  retirement
• 11:47
  age,
• 11:48
  you
• 11:48
  don't
• 11:49
  want
• 11:49
  to
• 11:49
  live.
• 11:49
  That
• 11:49
  just
• 11:50
  is
• 11:50
  enough
• 11:50
  retirement.
• 11:51
  How
• 11:51
  about
• 11:52
  we
• 11:52
  pray
• 11:52
  together
• 11:52
  right
• 11:52
  now,
• 11:54
  Lord?
• 11:54
  We
• 11:54
  just
• 11:54
  thank
• 11:54
  you
• 11:55
  for
• 11:55
  the
• 11:55
  provision
• 11:55
  you
• 11:55
  give
• 11:56
  us
• 11:56
  in
• 11:56
  our
• 11:56
  lives,
• 11:56
  Lord.
• 11:56
  Right
• 11:57
  now
• 11:57
  we're
• 11:58
  feeling
• 11:58
  a
• 11:58
  little
• 11:58
  bit
• 11:59
  empty,
• 11:59
  Lord.
• 11:59
  We're
• 12:00
  feeling
• 12:00
  a
• 12:00
  little
• 12:00
  bit
• 12:00
  short.
• 12:01
  We
• 12:01
  realize
• 12:01
  now
• 12:02
  that
• 12:02
  we
• 12:02
  may
• 12:02
  be
• 12:03
  a
• 12:03
  little
• 12:03
  bit
• 12:03
  behind
• 12:03
  on
• 12:04
  our
• 12:04
  investing,
• 12:04
  Lord.
• 12:04
  And
• 12:04
  we
• 12:05
  just
• 12:05
  ask
• 12:05
  you
• 12:05
  to
• 12:05
  give
• 12:06
  us
• 12:06
  wisdom
• 12:06
  right
• 12:06
  now,
• 12:06
  Lord,
• 12:07
  to
• 12:07
  plan
• 12:07
  beyond
• 12:08
  that
• 12:08
  minimum.
• 12:08
  Help
• 12:09
  us
• 12:09
  to
• 12:09
  reach
• 12:09
  beyond
• 12:10
  that
• 12:10
  minimum
• 12:11
  so
• 12:11
  we
• 12:11
  don't
• 12:11
  have
• 12:11
  that
• 12:11
  minimum
• 12:12
  life.
• 12:12
  You
• 12:12
  know,
• 12:12
  we
• 12:13
  know
• 12:13
  that's
• 12:13
  not
• 12:13
  what
• 12:13
  you
• 12:13
  want
• 12:13
  for
• 12:14
  us,
• 12:14
  Lord.
• 12:15
  And
• 12:15
  we
• 12:15
  are
• 12:15
  so
• 12:16
  grateful
• 12:16
  for
• 12:17
  those
• 12:17
  of
• 12:17
  us
• 12:17
  that
• 12:17
  have
• 12:17
  those
• 12:18
  employer
• 12:18
  benefits,
• 12:18
  Lord.
• 12:19
  And
• 12:19
  help
• 12:19
  us
• 12:19
  to
• 12:19
  utilize
• 12:20
  those,
• 12:20
  Lord,
• 12:21
  and
• 12:21
  to
• 12:21
  really
• 12:22
  be
• 12:22
  disciplined
• 12:23
  in
• 12:23
  that,
• 12:23
  Lord.
• 12:24
  Give
• 12:24
  us
• 12:24
  the
• 12:24
  faith
• 12:24
  to
• 12:25
  stay
• 12:25
  disciplined
• 12:25
  for
• 12:25
  the
• 12:26
  long
• 12:26
  haul.
• 12:26
  We
• 12:26
  realize
• 12:27
  that
• 12:27
  retirement
• 12:28
  planning
• 12:28
  is
• 12:28
  not
• 12:29
  a
• 12:29
  one
• 12:29
  time
• 12:29
  thing.
• 12:30
  And
• 12:30
  we
• 12:30
  realize
• 12:30
  that
• 12:31
  over
• 12:31
  time
• 12:31
  we've
• 12:32
  got
• 12:32
  to
• 12:32
  let
• 12:32
  these
• 12:32
  things
• 12:32
  grow,
• 12:32
  Lord.
• 12:33
  So
• 12:33
  give
• 12:33
  us
• 12:33
  the
• 12:34
  faith
• 12:34
  to
• 12:34
  stay
• 12:34
  disciplined
• 12:35
  in
• 12:35
  that,
• 12:35
  Lord.
• 12:35
  And
• 12:35
  we
• 12:36
  ask
• 12:36
  this
• 12:36
  in
• 12:37
  confidence
• 12:37
  in
• 12:37
  the
• 12:38
  name
• 12:38
  of
• 12:38
  Jesus.
• 12:39
  Amen.
• 12:40
  Well,
• 12:41
  let
• 12:41
  me
• 12:41
  give
• 12:41
  you
• 12:41
  your
• 12:41
  action
• 12:41
  plan,
• 12:43
  today's
• 12:43
  real
• 12:43
  simple
• 12:43
  action
• 12:44
  plan.
• 12:44
  I
• 12:44
  want
• 12:44
  to
• 12:44
  ask
• 12:44
  you
• 12:45
  a
• 12:45
  really
• 12:45
  simple
• 12:45
  question.
• 12:46
  Can
• 12:47
  you
• 12:47
  do
• 12:47
  more?
• 12:48
  It's
• 12:49
  really
• 12:49
  that
• 12:49
  today,
• 12:50
  can
• 12:50
  you
• 12:50
  do
• 12:50
  more?
• 12:51
  Check
• 12:52
  your
• 12:52
  retirement
• 12:52
  savings
• 12:53
  rates.
• 12:53
  Are
• 12:53
  you
• 12:54
  saving
• 12:54
  at
• 12:54
  least
• 12:54
  to
• 12:55
  that
• 12:55
  match?
• 12:56
  If
• 12:56
  you
• 12:56
  are,
• 12:56
  consider
• 12:57
  going
• 12:57
  higher.
• 12:58
  Open
• 12:58
  up
• 12:58
  that
• 12:58
  Roth,
• 12:59
  open
• 12:59
  up
• 12:59
  that
• 12:59
  broker
• 13:00
  account.
• 13:00
  But
• 13:00
  really
• 13:00
  ask
• 13:00
  yourself
• 13:01
  this
• 13:01
  question.
• 13:01
  And
• 13:02
  like
• 13:02
  I
• 13:02
  said,
• 13:02
  it's
• 13:02
  not
• 13:02
  a
• 13:03
  comfortable
• 13:03
  question.
• 13:03
  Listen,
• 13:04
  I
• 13:04
  just
• 13:04
  turned
• 13:04
  53.
• 13:05
  I've
• 13:06
  had
• 13:06
  to
• 13:06
  ask
• 13:06
  this
• 13:06
  question
• 13:06
  to
• 13:07
  myself.
• 13:07
  And
• 13:07
  I've
• 13:07
  really
• 13:07
  had
• 13:08
  to
• 13:08
  find
• 13:08
  ways
• 13:08
  and
• 13:09
  listen,
• 13:09
  I
• 13:09
  got
• 13:09
  to
• 13:09
  scrimp
• 13:10
  and
• 13:10
  save
• 13:10
  on
• 13:10
  things.
• 13:11
  But
• 13:11
  I
• 13:11
  realize
• 13:12
  if
• 13:12
  I
• 13:12
  want
• 13:12
  my
• 13:12
  retirement
• 13:13
  to
• 13:13
  be
• 13:13
  more
• 13:13
  than
• 13:14
  just
• 13:14
  enough,
• 13:15
  I
• 13:15
  gotta
• 13:15
  continually
• 13:16
  ask
• 13:16
  myself,
• 13:17
  can
• 13:17
  I
• 13:18
  do
• 13:18
  more?
• 13:19
  Well,
• 13:20
  if
• 13:20
  you've
• 13:20
  got
• 13:20
  a
• 13:20
  question
• 13:20
  for
• 13:20
  this
• 13:21
  show,
• 13:21
  just
• 13:21
  like
• 13:21
  the
• 13:21
  young
• 13:21
  listener
• 13:22
  had
• 13:22
  today,
• 13:22
  I
• 13:23
  would
• 13:23
  encourage
• 13:23
  you.
• 13:23
  I
• 13:23
  love
• 13:24
  to
• 13:24
  answer
• 13:24
  questions.
• 13:25
  As
• 13:25
  you
• 13:25
  notice,
• 13:25
  we've
• 13:25
  been
• 13:25
  taking
• 13:26
  sort
• 13:26
  of
• 13:26
  a
• 13:26
  different
• 13:27
  approach
• 13:27
  here
• 13:27
  with
• 13:27
  the
• 13:28
  format
• 13:28
  of
• 13:28
  the
• 13:28
  episodes
• 13:28
  lately.
• 13:29
  I've
• 13:29
  really
• 13:29
  been
• 13:29
  focusing
• 13:30
  on
• 13:30
  a
• 13:30
  lot
• 13:30
  of
• 13:30
  questions.
• 13:31
  I'm
• 13:31
  getting
• 13:31
  a
• 13:31
  lot
• 13:31
  of
• 13:31
  questions
• 13:31
  in
• 13:32
  from
• 13:32
  listeners.
• 13:32
  If
• 13:33
  you've
• 13:33
  got
• 13:33
  a
• 13:33
  question
• 13:34
  for
• 13:34
  this
• 13:34
  show,
• 13:34
  go
• 13:35
  to
• 13:35
  justaskralph.com,
• 13:37
  you.
• 13:37
  You
• 13:37
  can
• 13:37
  put
• 13:37
  your
• 13:37
  name,
• 13:38
  email
• 13:38
  address
• 13:38
  and
• 13:39
  put
• 13:39
  your
• 13:39
  question
• 13:39
  there.
• 13:40
  I
• 13:40
  would
• 13:40
  love
• 13:40
  to
• 13:40
  answer
• 13:40
  your
• 13:41
  question.
• 13:41
  I'm
• 13:41
  not
• 13:41
  going
• 13:42
  to
• 13:42
  share
• 13:42
  your
• 13:42
  name
• 13:42
  on
• 13:42
  the
• 13:42
  show
• 13:42
  unless
• 13:43
  you
• 13:43
  want
• 13:43
  me
• 13:43
  to.
• 13:43
  But
• 13:44
  it's
• 13:44
  really
• 13:44
  super
• 13:44
  simple.
• 13:45
  Just
• 13:45
  go
• 13:45
  to
• 13:45
  justaskralph.com
• 13:47
  and
• 13:47
  just
• 13:47
  give
• 13:47
  me
• 13:47
  your
• 13:48
  question
• 13:48
  and
• 13:48
  I'll
• 13:49
  answer
• 13:49
  it
• 13:49
  on
• 13:49
  the
• 13:49
  show.
• 13:50
  And
• 13:51
  remember
• 13:51
  this,
• 13:52
  the
• 13:52
  match
• 13:53
  for
• 13:53
  the
• 13:53
  401k
• 13:54
  is
• 13:54
  a
• 13:54
  gift.
• 13:55
  It's
• 13:55
  a
• 13:56
  beautiful
• 13:56
  gift.
• 13:56
  It's
• 13:57
  fantastic
• 13:57
  if
• 13:57
  you
• 13:57
  get
• 13:57
  that
• 13:58
  from
• 13:58
  your
• 13:58
  employer.
• 13:59
  But
• 14:00
  it's
• 14:00
  not
• 14:00
  enough
• 14:00
  by
• 14:00
  itself.
• 14:01
  So
• 14:02
  take
• 14:02
  that
• 14:02
  gift.
• 14:03
  But
• 14:03
  ask
• 14:03
  yourself,
• 14:04
  can
• 14:04
  I
• 14:04
  do
• 14:04
  more?
• 14:05
  And
• 14:06
  once
• 14:06
  you
• 14:06
  do
• 14:06
  that,
• 14:06
  build
• 14:07
  on
• 14:07
  that
• 14:07
  foundation.
• 14:07
  Look
• 14:08
  at
• 14:08
  Roth
• 14:08
  iras,
• 14:08
  look
• 14:09
  at
• 14:09
  more
• 14:09
  contributions
• 14:09
  and
• 14:09
  diversification.
• 14:10
  Because
• 14:11
  here's
• 14:11
  the
• 14:11
  truth.
• 14:12
  Retirement
• 14:13
  success
• 14:13
  comes
• 14:13
  from
• 14:14
  consistent,
• 14:15
  above
• 14:15
  average
• 14:16
  savings.
• 14:16
  Remember
• 14:16
  what
• 14:16
  I
• 14:16
  said,
• 14:17
  that
• 14:17
  15%.
• 14:17
  I
• 14:18
  know
• 14:18
  that
• 14:18
  might
• 14:18
  scare
• 14:18
  you
• 14:18
  a
• 14:18
  little
• 14:19
  bit,
• 14:19
  but
• 14:20
  I'm
• 14:20
  saying
• 14:20
  that
• 14:20
  out
• 14:20
  of
• 14:20
  love.
• 14:20
  And
• 14:21
  I'm
• 14:21
  saying
• 14:21
  that
• 14:21
  that's
• 14:21
  what
• 14:21
  you
• 14:22
  need
• 14:22
  to
• 14:22
  look
• 14:22
  at.
• 14:23
  And
• 14:23
  just
• 14:23
  remember,
• 14:23
  diligence
• 14:24
  today
• 14:25
  creates
• 14:25
  freedom.
• 14:26
  Tomorrow,
• 14:26
  as
• 14:27
  we're
• 14:27
  talking
• 14:27
  about
• 14:27
  tomorrow,
• 14:28
  tomorrow
• 14:28
  we're
• 14:28
  going
• 14:28
  to
• 14:29
  talk
• 14:29
  about
• 14:29
  following
• 14:29
  up
• 14:30
  on
• 14:30
  investing
• 14:30
  for
• 14:31
  those
• 14:31
  larger
• 14:31
  goals,
• 14:31
  those
• 14:32
  things
• 14:32
  beyond
• 14:32
  retirement,
• 14:33
  those
• 14:33
  things
• 14:33
  that
• 14:34
  you
• 14:34
  really,
• 14:34
  those
• 14:34
  big
• 14:34
  dreams
• 14:35
  that
• 14:35
  you
• 14:35
  have.
• 14:36
  Tomorrow
• 14:36
  on
• 14:36
  the
• 14:36
  show,
• 14:36
  I'm
• 14:37
  going
• 14:37
  to
• 14:37
  talk
• 14:37
  about
• 14:37
  how
• 14:37
  to
• 14:37
  make
• 14:37
  those
• 14:38
  things
• 14:38
  a
• 14:38
  reality.
• 14:39
  Just
• 14:39
  remember
• 14:40
  this.
• 14:40
  You
• 14:40
  can
• 14:40
  do
• 14:40
  this.
• 14:41
  You
• 14:42
  can
• 14:42
  be
• 14:42
  a
• 14:42
  financially
• 14:43
  confident
• 14:43
  Christian.
• 14:44
  I
• 14:44
  truly
• 14:44
  believe
• 14:44
  in
• 14:45
  you.
• 14:45
  Believe
• 14:45
  in
• 14:46
  yourself.
• 14:47
  Stay
• 14:47
  financially
• 14:47
  savvy
• 14:48
  out
• 14:48
  there.
• 14:48
  God
• 14:48
  bless
• 14:49
  you
• 14:49
  and
• 14:49
  make
• 14:49
  sure
• 14:49
  you
• 14:49
  join
• 14:50
  me
• 14:50
  tomorrow.
• 14:50
  You
• 14:51
  have
• 14:51
  a
• 14:51
  great
• 14:51
  day
• 14:51
  today.