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Transcript

How Do I Start Paying Down Debt When I’m Only Covering Minimums? · Becoming Financially Confident

• 0:37
  Have
• 0:37
  you
• 0:37
  ever
• 0:38
  made
• 0:38
  every
• 0:38
  minimum
• 0:39
  payment
• 0:40
  and
• 0:40
  still
• 0:40
  feel
• 0:40
  like
• 0:41
  you're
• 0:41
  just
• 0:41
  losing
• 0:41
  the
• 0:42
  battle?
• 0:43
  You
• 0:43
  know,
• 0:43
  you're
• 0:43
  working
• 0:43
  hard,
• 0:44
  you're
• 0:44
  doing
• 0:44
  what
• 0:45
  you
• 0:45
  can,
• 0:46
  but
• 0:46
  that
• 0:46
  debt
• 0:46
  just
• 0:47
  sits
• 0:47
  there.
• 0:48
  And
• 0:49
  then
• 0:49
  the
• 0:49
  shame
• 0:49
  voice
• 0:50
  shows
• 0:50
  up.
• 0:51
  You
• 0:51
  start
• 0:51
  hearing
• 0:52
  things
• 0:52
  like
• 0:52
  you're
• 0:52
  failing.
• 0:53
  God
• 0:54
  must
• 0:54
  be
• 0:54
  disappointed
• 0:55
  in
• 0:55
  me.
• 0:56
  Your
• 0:56
  family
• 0:57
  deserves
• 0:57
  better.
• 0:59
  And
• 0:59
  why
• 0:59
  can't
• 1:00
  you
• 1:00
  get
• 1:00
  it
• 1:00
  together,
• 1:02
  friend?
• 1:02
  I
• 1:02
  want
• 1:03
  you
• 1:03
  to
• 1:03
  hear
• 1:03
  me
• 1:03
  clearly.
• 1:04
  Minimum
• 1:05
  payments
• 1:05
  are
• 1:06
  not
• 1:06
  proof
• 1:06
  that
• 1:06
  you're
• 1:07
  failing.
• 1:07
  They
• 1:08
  are
• 1:08
  proof
• 1:08
  that
• 1:09
  you're
• 1:09
  still
• 1:09
  fighting.
• 1:10
  And
• 1:10
  today
• 1:11
  I'm
• 1:11
  going
• 1:11
  to
• 1:11
  give
• 1:11
  you
• 1:11
  a
• 1:11
  first
• 1:12
  step
• 1:12
  that
• 1:12
  works
• 1:12
  when
• 1:13
  you're
• 1:13
  stuck
• 1:13
  in
• 1:13
  that
• 1:14
  minimum
• 1:14
  only
• 1:15
  mode.
• 1:37
  Hey,
• 1:37
  friend.
• 1:37
  Ralph
• 1:37
  Estep
• 1:38
  Jr.
• 1:38
  Here.
• 1:39
  This
• 1:39
  is
• 1:39
  financially
• 1:40
  Confident
• 1:40
  Christian,
• 1:41
  where
• 1:42
  every
• 1:42
  day
• 1:42
  I
• 1:42
  help
• 1:42
  you
• 1:42
  break
• 1:43
  that
• 1:43
  cycle
• 1:43
  of
• 1:44
  financial
• 1:44
  shame
• 1:45
  and
• 1:45
  do
• 1:46
  it
• 1:46
  with
• 1:46
  confidence.
• 1:47
  And
• 1:48
  today's
• 1:48
  topic
• 1:48
  is
• 1:48
  going
• 1:48
  to
• 1:49
  help
• 1:49
  you
• 1:49
  on
• 1:49
  that
• 1:49
  confidence
• 1:50
  road.
• 1:50
  We're
• 1:51
  going
• 1:51
  to
• 1:51
  talk
• 1:51
  about
• 1:52
  how
• 1:52
  to
• 1:52
  start
• 1:52
  paying
• 1:53
  down
• 1:53
  debt
• 1:53
  when
• 1:53
  you're
• 1:54
  only
• 1:54
  covering
• 1:54
  those
• 1:55
  minimums.
• 1:56
  Well,
• 1:56
  let's
• 1:56
  get
• 1:56
  right
• 1:56
  to
• 1:56
  today's
• 1:57
  listener
• 1:57
  question.
• 1:58
  And
• 1:58
  today's
• 1:58
  listener
• 1:59
  question
• 1:59
  is
• 1:59
  this.
• 1:59
  Ralph,
• 2:00
  I'm
• 2:01
  paying
• 2:01
  minimums
• 2:02
  every
• 2:02
  month
• 2:02
  and
• 2:03
  I'm
• 2:03
  watching
• 2:03
  the
• 2:03
  debt
• 2:04
  just
• 2:04
  sit
• 2:04
  there.
• 2:05
  I
• 2:05
  feel
• 2:05
  like
• 2:06
  I'm
• 2:06
  failing.
• 2:07
  I'm
• 2:07
  failing
• 2:08
  God,
• 2:08
  I'm
• 2:08
  failing
• 2:09
  my
• 2:09
  family.
• 2:09
  And
• 2:10
  honestly,
• 2:10
  I'm
• 2:10
  failing
• 2:11
  myself.
• 2:12
  This
• 2:12
  burden
• 2:13
  is
• 2:13
  crushing
• 2:13
  me,
• 2:14
  and
• 2:14
  I
• 2:15
  don't
• 2:15
  know
• 2:15
  how
• 2:15
  to
• 2:15
  move
• 2:15
  forward
• 2:16
  when
• 2:16
  I
• 2:16
  can't
• 2:17
  do
• 2:17
  it
• 2:17
  all
• 2:17
  right
• 2:18
  now.
• 2:19
  Where
• 2:19
  do
• 2:19
  I
• 2:19
  even
• 2:20
  start?
• 2:21
  I
• 2:21
  want
• 2:21
  to
• 2:21
  be
• 2:21
  faithful
• 2:22
  and
• 2:22
  responsible,
• 2:23
  but
• 2:23
  I'm
• 2:23
  drowning
• 2:25
  and
• 2:25
  I
• 2:25
  need
• 2:25
  someone
• 2:26
  to
• 2:26
  tell
• 2:26
  me
• 2:26
  what
• 2:26
  the
• 2:26
  first
• 2:27
  step
• 2:27
  is
• 2:28
  when
• 2:28
  you're
• 2:28
  this
• 2:29
  stuck.
• 2:31
  And
• 2:31
  man,
• 2:31
  I
• 2:31
  tell
• 2:32
  you,
• 2:32
  when
• 2:32
  I
• 2:32
  read
• 2:32
  that
• 2:32
  question,
• 2:33
  of
• 2:33
  course
• 2:33
  I
• 2:33
  read
• 2:34
  it
• 2:34
  before
• 2:34
  we
• 2:34
  did
• 2:34
  the
• 2:34
  show
• 2:35
  today.
• 2:35
  I
• 2:35
  just
• 2:35
  felt
• 2:35
  so
• 2:36
  bad
• 2:36
  for
• 2:36
  this
• 2:36
  person
• 2:36
  because
• 2:37
  I
• 2:37
  know
• 2:37
  what
• 2:37
  it's
• 2:37
  like
• 2:37
  to
• 2:38
  feel
• 2:38
  stuck.
• 2:39
  And
• 2:39
  I
• 2:40
  just
• 2:40
  want
• 2:40
  to
• 2:40
  say
• 2:40
  one
• 2:41
  thing
• 2:41
  about
• 2:41
  this
• 2:41
  because
• 2:41
  it's
• 2:42
  easy.
• 2:42
  Get
• 2:42
  stuck
• 2:43
  on
• 2:43
  what
• 2:43
  winning
• 2:43
  looks
• 2:44
  like.
• 2:44
  But
• 2:45
  your
• 2:45
  first
• 2:45
  win
• 2:45
  is
• 2:46
  not
• 2:46
  paying
• 2:46
  off
• 2:47
  all
• 2:47
  your
• 2:47
  debts.
• 2:48
  It's
• 2:49
  really
• 2:49
  creating
• 2:49
  one
• 2:50
  extra
• 2:50
  dollar
• 2:51
  to
• 2:51
  attack
• 2:51
  that
• 2:51
  debt
• 2:52
  with.
• 2:53
  And
• 2:54
  friendless.
• 2:54
  And
• 2:54
  debt
• 2:55
  payoff
• 2:55
  doesn't
• 2:55
  start
• 2:55
  with
• 2:56
  a
• 2:56
  big
• 2:56
  payment.
• 2:57
  It
• 2:58
  starts
• 2:58
  with
• 2:58
  a
• 2:58
  small
• 2:59
  system
• 2:59
  that
• 2:59
  creates
• 3:00
  momentum.
• 3:01
  And
• 3:01
  the
• 3:01
  system
• 3:02
  I
• 3:02
  want
• 3:02
  you
• 3:02
  to
• 3:02
  use
• 3:02
  today
• 3:03
  is
• 3:03
  simple.
• 3:04
  And
• 3:04
  it's
• 3:04
  this.
• 3:05
  Minimums
• 3:06
  everywhere,
• 3:06
  plus
• 3:07
  one
• 3:07
  targeted
• 3:07
  extra.
• 3:08
  We're
• 3:08
  going
• 3:08
  to
• 3:08
  get
• 3:08
  into
• 3:09
  targeting
• 3:10
  it
• 3:10
  extra.
• 3:11
  But
• 3:11
  here's
• 3:11
  how
• 3:11
  you
• 3:11
  do
• 3:12
  that.
• 3:12
  First
• 3:12
  thing
• 3:12
  you
• 3:13
  must
• 3:13
  do,
• 3:14
  you've
• 3:14
  got
• 3:14
  to
• 3:15
  make
• 3:15
  peace
• 3:15
  with
• 3:15
  the
• 3:16
  minimums
• 3:16
  now.
• 3:17
  Make
• 3:17
  peace
• 3:17
  for
• 3:18
  now.
• 3:19
  But
• 3:19
  this
• 3:19
  is
• 3:19
  important.
• 3:21
  Minimum
• 3:21
  payments
• 3:22
  are
• 3:22
  not
• 3:22
  you
• 3:22
  being
• 3:23
  lazy.
• 3:24
  They're
• 3:24
  just
• 3:24
  not.
• 3:25
  They
• 3:25
  keep
• 3:25
  your
• 3:26
  credit
• 3:26
  score
• 3:27
  okay?
• 3:27
  And
• 3:27
  they're
• 3:28
  a
• 3:28
  form
• 3:28
  of
• 3:28
  triage.
• 3:29
  They
• 3:30
  keep
• 3:30
  you
• 3:30
  current,
• 3:31
  they
• 3:31
  keep
• 3:31
  the
• 3:31
  lights
• 3:32
  on,
• 3:32
  and
• 3:33
  they
• 3:33
  protect
• 3:33
  you
• 3:33
  from
• 3:33
  falling
• 3:34
  further
• 3:34
  behind.
• 3:35
  See,
• 3:35
  we've
• 3:36
  got
• 3:36
  to
• 3:36
  stop
• 3:37
  calling
• 3:37
  minimums
• 3:38
  failure.
• 3:38
  I've
• 3:38
  heard
• 3:39
  that
• 3:39
  so
• 3:39
  many
• 3:39
  times
• 3:39
  that
• 3:40
  people
• 3:40
  come
• 3:40
  in
• 3:40
  and
• 3:40
  sit
• 3:40
  with
• 3:41
  me
• 3:41
  and
• 3:41
  say,
• 3:41
  ralph,
• 3:41
  I
• 3:42
  feel
• 3:42
  like
• 3:42
  I'm
• 3:42
  not
• 3:42
  getting
• 3:42
  anywhere.
• 3:43
  All
• 3:43
  I
• 3:43
  do
• 3:44
  is
• 3:44
  just
• 3:44
  make
• 3:44
  the
• 3:44
  minimum
• 3:45
  payments.
• 3:46
  And
• 3:46
  I
• 3:46
  always
• 3:46
  say
• 3:47
  to
• 3:47
  them,
• 3:47
  at
• 3:47
  least
• 3:48
  you're
• 3:48
  doing
• 3:48
  that.
• 3:49
  So
• 3:49
  minimums
• 3:50
  are
• 3:50
  your
• 3:50
  baseline.
• 3:51
  Now,
• 3:51
  I'm
• 3:52
  not
• 3:52
  saying
• 3:52
  we
• 3:52
  need
• 3:52
  to
• 3:52
  stay
• 3:53
  there.
• 3:53
  Not
• 3:53
  a
• 3:54
  good
• 3:54
  place
• 3:54
  to
• 3:54
  be
• 3:54
  long
• 3:54
  term,
• 3:55
  but
• 3:55
  we've
• 3:56
  got
• 3:56
  to
• 3:56
  stay
• 3:56
  there
• 3:57
  so
• 3:57
  that
• 3:57
  we
• 3:57
  can
• 3:57
  build
• 3:58
  that
• 3:58
  first
• 3:58
  breakthrough.
• 3:59
  Well,
• 4:00
  let's
• 4:00
  talk
• 4:00
  about
• 4:00
  how
• 4:00
  to
• 4:00
  build
• 4:01
  that
• 4:01
  first
• 4:01
  breakthrough.
• 4:02
  I
• 4:02
  want
• 4:03
  you
• 4:03
  to
• 4:03
  choose
• 4:03
  one.
• 4:04
  Focus
• 4:04
  debt.
• 4:05
  This
• 4:05
  is
• 4:05
  what
• 4:05
  we're
• 4:05
  going
• 4:05
  to
• 4:06
  really
• 4:06
  focus
• 4:06
  in
• 4:06
  on.
• 4:07
  And
• 4:07
  there's
• 4:07
  only
• 4:07
  one.
• 4:08
  I
• 4:08
  don't
• 4:08
  want
• 4:08
  five
• 4:09
  of
• 4:09
  them,
• 4:10
  not
• 4:10
  all
• 4:10
  of
• 4:10
  them.
• 4:11
  I
• 4:11
  want
• 4:11
  you
• 4:12
  to
• 4:12
  pick
• 4:12
  one
• 4:12
  debt
• 4:13
  to
• 4:13
  attack
• 4:13
  first.
• 4:14
  There's
• 4:15
  two
• 4:15
  real
• 4:15
  easy
• 4:15
  ways
• 4:16
  to
• 4:16
  do
• 4:16
  that.
• 4:17
  We
• 4:17
  can
• 4:17
  talk
• 4:17
  about
• 4:17
  the
• 4:18
  smallest
• 4:18
  balance,
• 4:18
  and
• 4:19
  I
• 4:19
  love
• 4:19
  that
• 4:19
  one
• 4:19
  because
• 4:20
  it's
• 4:20
  really
• 4:20
  a
• 4:21
  quick
• 4:21
  win
• 4:21
  motivation,
• 4:22
  or
• 4:23
  we
• 4:23
  pick
• 4:23
  the
• 4:23
  highest
• 4:23
  interest.
• 4:24
  Now,
• 4:24
  if
• 4:24
  you're
• 4:24
  a
• 4:25
  math
• 4:25
  person
• 4:25
  like
• 4:25
  me,
• 4:26
  you
• 4:26
  want
• 4:26
  to
• 4:26
  say,
• 4:27
  well,
• 4:27
  I'm
• 4:27
  going
• 4:27
  to
• 4:27
  do
• 4:27
  the
• 4:27
  highest
• 4:28
  interest
• 4:28
  one,
• 4:28
  because
• 4:28
  that's
• 4:29
  the
• 4:29
  one
• 4:29
  that's
• 4:29
  costing
• 4:30
  me
• 4:30
  the
• 4:30
  most.
• 4:31
  But
• 4:31
  it
• 4:31
  really
• 4:31
  comes
• 4:32
  down
• 4:32
  to
• 4:32
  what
• 4:32
  do
• 4:32
  you
• 4:33
  want
• 4:33
  to
• 4:33
  do
• 4:34
  if
• 4:34
  you're
• 4:34
  exhausted
• 4:35
  and
• 4:35
  discouraged?
• 4:36
  Start
• 4:36
  with
• 4:36
  the
• 4:36
  smallest
• 4:37
  balance
• 4:37
  first,
• 4:38
  because
• 4:38
  you're
• 4:38
  going
• 4:38
  to
• 4:38
  see
• 4:38
  a
• 4:39
  win.
• 4:39
  You
• 4:40
  don't
• 4:40
  need
• 4:40
  some
• 4:40
  fancy
• 4:41
  spreadsheet.
• 4:42
  You
• 4:42
  just
• 4:42
  need
• 4:42
  hope.
• 4:44
  Here's
• 4:44
  the
• 4:44
  next
• 4:44
  step.
• 4:45
  I
• 4:45
  want
• 4:45
  you
• 4:46
  to
• 4:46
  find
• 4:46
  $25
• 4:47
  without
• 4:48
  finding
• 4:48
  more
• 4:49
  income.
• 4:49
  You're
• 4:49
  probably
• 4:50
  thinking,
• 4:50
  wait
• 4:50
  a
• 4:50
  minute,
• 4:50
  Ralph,
• 4:51
  where
• 4:51
  am
• 4:51
  I
• 4:52
  going
• 4:52
  to
• 4:52
  find
• 4:52
  $25?
• 4:54
  We're
• 4:54
  not
• 4:54
  doing
• 4:54
  miracles
• 4:55
  here.
• 4:56
  We're
• 4:56
  just
• 4:56
  finding
• 4:57
  some
• 4:57
  margin.
• 4:58
  Here's
• 4:58
  some
• 4:59
  great
• 4:59
  ways
• 4:59
  that
• 4:59
  you
• 5:00
  can
• 5:00
  find
• 5:00
  those
• 5:00
  things.
• 5:01
  You
• 5:01
  could
• 5:01
  pause
• 5:02
  one
• 5:02
  subscription
• 5:03
  for
• 5:03
  30
• 5:03
  days.
• 5:03
  Yeah,
• 5:04
  maybe
• 5:04
  you
• 5:04
  don't
• 5:05
  have
• 5:05
  Netflix
• 5:05
  this
• 5:06
  month
• 5:06
  or
• 5:06
  one
• 5:07
  of
• 5:07
  the
• 5:07
  other
• 5:07
  subscriptions
• 5:08
  you
• 5:08
  have
• 5:09
  that
• 5:09
  can
• 5:09
  free
• 5:09
  up
• 5:09
  a
• 5:10
  couple
• 5:10
  dollars
• 5:10
  to
• 5:10
  help
• 5:11
  attack
• 5:11
  that
• 5:11
  debt.
• 5:12
  Maybe
• 5:12
  you
• 5:12
  eat
• 5:13
  at
• 5:13
  home
• 5:13
  this
• 5:13
  month.
• 5:14
  No
• 5:14
  eating
• 5:14
  out.
• 5:15
  If
• 5:15
  you
• 5:16
  think
• 5:16
  about
• 5:16
  it,
• 5:16
  even
• 5:16
  two
• 5:17
  extra
• 5:17
  meals
• 5:18
  at
• 5:18
  home
• 5:18
  could
• 5:19
  save
• 5:19
  you
• 5:19
  $25
• 5:20
  a
• 5:20
  month.
• 5:21
  Maybe
• 5:21
  you've
• 5:22
  got
• 5:22
  a
• 5:22
  bunch
• 5:22
  of
• 5:22
  stuff
• 5:22
  sitting
• 5:23
  around
• 5:23
  that
• 5:23
  you
• 5:23
  don't
• 5:23
  use
• 5:23
  anymore.
• 5:25
  Sell
• 5:25
  those
• 5:25
  things.
• 5:25
  There's
• 5:26
  great
• 5:26
  marketplaces,
• 5:27
  Facebook
• 5:28
  Marketplace,
• 5:29
  Craigslist.
• 5:29
  There's
• 5:30
  all
• 5:30
  kinds
• 5:30
  of
• 5:31
  places
• 5:31
  where
• 5:31
  you
• 5:31
  can
• 5:31
  sell
• 5:32
  that
• 5:32
  thing.
• 5:33
  Maybe
• 5:33
  you
• 5:33
  cut
• 5:34
  one
• 5:34
  convenience,
• 5:35
  spend
• 5:35
  this
• 5:35
  week.
• 5:35
  Maybe
• 5:35
  you
• 5:36
  don't
• 5:36
  go
• 5:36
  for
• 5:36
  Starbucks
• 5:37
  this
• 5:37
  week.
• 5:38
  Hate
• 5:38
  to
• 5:38
  call
• 5:38
  out
• 5:38
  Starbucks,
• 5:39
  but
• 5:39
  listen,
• 5:40
  if
• 5:40
  you're
• 5:40
  looking
• 5:40
  for
• 5:41
  a
• 5:41
  way
• 5:41
  to
• 5:41
  build
• 5:41
  that
• 5:42
  momentum.
• 5:43
  Here's
• 5:43
  another
• 5:43
  thing
• 5:43
  you
• 5:43
  can
• 5:44
  do
• 5:44
  that
• 5:44
  a
• 5:44
  lot
• 5:44
  of
• 5:44
  people
• 5:44
  don't
• 5:45
  think
• 5:45
  about.
• 5:45
  You
• 5:46
  can
• 5:46
  call
• 5:46
  one
• 5:46
  bill
• 5:47
  and
• 5:47
  ask
• 5:47
  for
• 5:47
  a
• 5:47
  reduction.
• 5:49
  This
• 5:49
  is
• 5:49
  a
• 5:49
  really
• 5:50
  a
• 5:50
  pro
• 5:50
  tip.
• 5:51
  Every
• 5:51
  year,
• 5:51
  if
• 5:52
  you've
• 5:52
  got
• 5:52
  any
• 5:52
  kind
• 5:52
  of
• 5:53
  recurring
• 5:53
  subscriptions,
• 5:54
  call
• 5:54
  them
• 5:55
  and
• 5:55
  tell
• 5:55
  them,
• 5:55
  hey,
• 5:55
  I'm
• 5:56
  going
• 5:56
  to
• 5:56
  leave.
• 5:56
  You'll
• 5:57
  be
• 5:57
  shocked
• 5:57
  what
• 5:58
  you
• 5:58
  can
• 5:58
  get.
• 5:58
  I
• 5:58
  do
• 5:58
  this
• 5:59
  all
• 5:59
  the
• 5:59
  time
• 5:59
  with
• 5:59
  satellite
• 6:00
  radio
• 6:00
  here
• 6:00
  in
• 6:00
  the
• 6:00
  US
• 6:01
  and
• 6:02
  it's
• 6:02
  amazing.
• 6:02
  They
• 6:02
  always
• 6:03
  give
• 6:03
  me
• 6:04
  a
• 6:04
  great
• 6:04
  price
• 6:04
  so
• 6:05
  that
• 6:05
  I
• 6:05
  stay.
• 6:06
  So
• 6:06
  this
• 6:06
  isn't
• 6:07
  about
• 6:07
  being
• 6:07
  perfect,
• 6:08
  is
• 6:08
  to
• 6:08
  create
• 6:09
  a
• 6:09
  $25
• 6:10
  of
• 6:10
  extra
• 6:11
  attack
• 6:11
  power.
• 6:12
  Here's
• 6:13
  the
• 6:13
  next
• 6:13
  step.
• 6:14
  I
• 6:14
  want
• 6:14
  you
• 6:14
  to
• 6:14
  create
• 6:15
  a
• 6:15
  debt
• 6:15
  punch
• 6:15
  auto
• 6:16
  transfer.
• 6:17
  Make
• 6:17
  it
• 6:17
  automatic.
• 6:18
  I'm
• 6:18
  talking
• 6:18
  about
• 6:18
  the
• 6:19
  day
• 6:19
  after
• 6:19
  payday
• 6:20
  schedule
• 6:21
  an
• 6:21
  extra
• 6:21
  payment
• 6:22
  to
• 6:22
  your
• 6:22
  focus
• 6:23
  debt.
• 6:23
  Listen,
• 6:23
  even
• 6:24
  if
• 6:24
  it's
• 6:24
  only
• 6:24
  10
• 6:24
  bucks
• 6:25
  or
• 6:25
  $25
• 6:26
  like
• 6:26
  we
• 6:26
  talked
• 6:27
  about,
• 6:27
  that
• 6:28
  automatic
• 6:28
  beats
• 6:29
  that
• 6:29
  emotional
• 6:29
  because
• 6:30
  you're
• 6:30
  going
• 6:30
  to
• 6:30
  be
• 6:30
  feeling
• 6:31
  rough.
• 6:32
  This
• 6:32
  is
• 6:32
  a
• 6:32
  tight
• 6:32
  margin.
• 6:33
  But
• 6:33
  when
• 6:34
  you
• 6:34
  feel
• 6:34
  ready,
• 6:35
  you're
• 6:36
  going
• 6:36
  to
• 6:36
  do
• 6:36
  it
• 6:36
  ahead
• 6:36
  of
• 6:37
  time.
• 6:37
  And
• 6:37
  the
• 6:37
  month
• 6:37
  will
• 6:38
  eat
• 6:38
  your
• 6:38
  money
• 6:38
  if
• 6:38
  you're
• 6:38
  not
• 6:39
  careful.
• 6:39
  And
• 6:40
  finally,
• 6:40
  this.
• 6:41
  I
• 6:41
  want
• 6:41
  you
• 6:42
  to
• 6:42
  track
• 6:42
  one
• 6:42
  number.
• 6:43
  Not
• 6:44
  how
• 6:44
  many
• 6:44
  debts
• 6:44
  you
• 6:45
  have,
• 6:45
  not
• 6:45
  the
• 6:45
  number
• 6:46
  of
• 6:46
  bills.
• 6:46
  I
• 6:46
  want
• 6:46
  you
• 6:47
  to
• 6:47
  just
• 6:47
  track
• 6:47
  the
• 6:47
  balance
• 6:48
  moving
• 6:48
  forward
• 6:49
  every
• 6:49
  month.
• 6:49
  I
• 6:50
  want
• 6:50
  you
• 6:50
  to
• 6:50
  write
• 6:50
  down
• 6:50
  the
• 6:51
  new
• 6:51
  balance.
• 6:52
  If
• 6:52
  you
• 6:52
  started
• 6:52
  off
• 6:53
  at
• 6:53
  10,000
• 6:53
  and
• 6:54
  now
• 6:54
  you're
• 6:54
  down
• 6:54
  to
• 6:55
  9,800,
• 6:56
  that's
• 6:57
  pretty
• 6:57
  progress.
• 6:58
  And
• 6:58
  I'm
• 6:58
  not
• 6:59
  telling
• 6:59
  you
• 6:59
  to
• 6:59
  shame
• 6:59
  you
• 7:00
  or
• 7:00
  guilt
• 7:00
  you.
• 7:00
  I'm
• 7:00
  not
• 7:01
  telling
• 7:01
  you
• 7:01
  to
• 7:01
  live
• 7:01
  in
• 7:01
  the
• 7:01
  past.
• 7:02
  I
• 7:02
  just
• 7:02
  want
• 7:02
  you
• 7:03
  to
• 7:03
  see
• 7:03
  this
• 7:03
  number
• 7:03
  moving.
• 7:04
  Because
• 7:05
  when
• 7:05
  you
• 7:05
  start
• 7:05
  to
• 7:05
  see
• 7:05
  it
• 7:06
  moving,
• 7:06
  you
• 7:06
  get
• 7:06
  that
• 7:06
  momentum.
• 7:07
  And
• 7:07
  when
• 7:08
  you
• 7:08
  live
• 7:08
  in
• 7:08
  momentum,
• 7:09
  it
• 7:09
  builds
• 7:09
  that
• 7:10
  confidence.
• 7:11
  And
• 7:11
  that
• 7:11
  confidence
• 7:12
  is
• 7:12
  what
• 7:13
  breaks
• 7:13
  this
• 7:13
  cycle
• 7:14
  once
• 7:14
  and
• 7:14
  for
• 7:14
  all.
• 7:15
  Because
• 7:15
  the
• 7:15
  truth
• 7:16
  is,
• 7:16
  one
• 7:17
  focus
• 7:17
  step
• 7:17
  beats
• 7:18
  a
• 7:18
  thousand
• 7:19
  guilty
• 7:19
  thoughts.
• 7:19
  And
• 7:19
  listen,
• 7:20
  we're
• 7:20
  all
• 7:20
  guilty
• 7:21
  of
• 7:21
  those
• 7:21
  guilty
• 7:21
  thoughts.
• 7:23
  So
• 7:23
  here's
• 7:23
  your
• 7:23
  win
• 7:23
  for
• 7:24
  today.
• 7:24
  I
• 7:25
  want
• 7:25
  you
• 7:25
  to
• 7:25
  pick
• 7:25
  that
• 7:25
  one
• 7:26
  focus
• 7:26
  debt.
• 7:27
  Maybe
• 7:27
  it's
• 7:27
  that
• 7:27
  debt.
• 7:28
  You're
• 7:28
  just
• 7:28
  like,
• 7:28
  I
• 7:28
  hate
• 7:29
  this
• 7:29
  debt,
• 7:29
  Ralph.
• 7:30
  I
• 7:30
  just
• 7:30
  want
• 7:30
  to
• 7:30
  be
• 7:30
  done
• 7:31
  with
• 7:31
  it.
• 7:31
  Pick
• 7:32
  that
• 7:32
  debt.
• 7:32
  Set
• 7:33
  up
• 7:33
  one
• 7:33
  automatic
• 7:34
  extra
• 7:34
  payment
• 7:35
  for
• 7:35
  the
• 7:35
  day
• 7:35
  after
• 7:35
  your
• 7:36
  next
• 7:36
  paycheck,
• 7:36
  even
• 7:37
  if
• 7:37
  it's
• 7:37
  10
• 7:37
  bucks.
• 7:38
  Because
• 7:39
  today
• 7:39
  is
• 7:39
  about
• 7:40
  momentum
• 7:41
  and
• 7:41
  not
• 7:41
  miracles.
• 7:42
  Well,
• 7:43
  let's
• 7:43
  get
• 7:43
  to
• 7:43
  our
• 7:43
  Bible
• 7:44
  verse
• 7:44
  for
• 7:44
  today
• 7:44
  comes
• 7:44
  to
• 7:45
  us
• 7:45
  from
• 7:45
  the
• 7:45
  book
• 7:45
  of
• 7:45
  Psalms,
• 7:46
  chapter
• 7:47
  34,
• 7:48
  verse
• 7:48
  18.
• 7:50
  This
• 7:50
  is
• 7:50
  one
• 7:50
  of
• 7:50
  those
• 7:50
  ones
• 7:50
  I
• 7:51
  think
• 7:51
  you
• 7:51
  got
• 7:51
  to
• 7:51
  write
• 7:51
  down
• 7:52
  because
• 7:52
  I
• 7:52
  love
• 7:52
  this
• 7:52
  verse
• 7:53
  again,
• 7:54
  Psalm
• 7:54
  34,
• 7:55
  18.
• 7:56
  The
• 7:56
  Lord
• 7:56
  is
• 7:57
  close
• 7:57
  to
• 7:57
  the
• 7:57
  brokenhearted
• 7:58
  and
• 7:59
  saves
• 7:59
  those
• 8:00
  who
• 8:00
  are
• 8:00
  crushed
• 8:00
  in
• 8:01
  spirit.
• 8:02
  Here's
• 8:03
  the
• 8:03
  thing
• 8:03
  I
• 8:03
  want
• 8:03
  you
• 8:03
  to
• 8:03
  hear.
• 8:04
  God
• 8:05
  doesn't
• 8:05
  stand
• 8:05
  over
• 8:06
  you
• 8:06
  in
• 8:06
  disappointment.
• 8:07
  He
• 8:08
  just
• 8:08
  doesn't.
• 8:09
  He
• 8:09
  comes
• 8:10
  closer
• 8:10
  to
• 8:10
  you
• 8:10
  in
• 8:11
  the
• 8:11
  middle
• 8:11
  of
• 8:11
  that.
• 8:11
  Wait.
• 8:12
  So
• 8:12
  just
• 8:12
  give
• 8:12
  it
• 8:12
  to
• 8:12
  God.
• 8:13
  Let's
• 8:13
  do
• 8:13
  that
• 8:13
  right
• 8:13
  now.
• 8:14
  Father
• 8:14
  God,
• 8:15
  you
• 8:16
  see
• 8:16
  the
• 8:16
  pressure
• 8:16
  we're
• 8:17
  all
• 8:17
  under.
• 8:18
  You
• 8:18
  see
• 8:18
  the
• 8:18
  burden
• 8:19
  of
• 8:19
  debt
• 8:19
  and
• 8:19
  the
• 8:19
  crushing
• 8:20
  shame
• 8:20
  that
• 8:20
  comes
• 8:20
  with
• 8:21
  it
• 8:21
  right
• 8:22
  now,
• 8:22
  Lord,
• 8:22
  I
• 8:23
  ask
• 8:23
  you
• 8:23
  to
• 8:23
  draw
• 8:23
  near
• 8:24
  to
• 8:24
  all
• 8:24
  of
• 8:24
  us.
• 8:25
  Replace
• 8:26
  that
• 8:26
  despair
• 8:27
  with
• 8:27
  hope,
• 8:27
  Lord,
• 8:27
  and
• 8:28
  replace
• 8:28
  confusion
• 8:29
  with
• 8:29
  just
• 8:29
  one
• 8:29
  clear
• 8:30
  next
• 8:30
  step.
• 8:31
  Give
• 8:31
  us
• 8:32
  wisdom
• 8:32
  to
• 8:32
  choose
• 8:32
  that
• 8:33
  one
• 8:33
  focused
• 8:33
  debt.
• 8:34
  And
• 8:34
  give
• 8:35
  us
• 8:35
  courage
• 8:35
  to
• 8:35
  start
• 8:36
  small
• 8:36
  without
• 8:36
  quitting,
• 8:37
  Lord,
• 8:38
  and
• 8:38
  give
• 8:38
  us
• 8:38
  peace
• 8:39
  that
• 8:40
  you're
• 8:40
  not
• 8:40
  ashamed
• 8:40
  of
• 8:41
  any
• 8:41
  of
• 8:41
  us.
• 8:42
  Provide
• 8:42
  for
• 8:43
  what
• 8:43
  we
• 8:43
  need,
• 8:43
  Lord.
• 8:44
  Strengthen
• 8:44
  us
• 8:45
  as
• 8:45
  we
• 8:45
  feel
• 8:45
  in
• 8:46
  this
• 8:46
  weakness.
• 8:47
  And
• 8:47
  let
• 8:47
  today
• 8:48
  be
• 8:48
  the
• 8:48
  being
• 8:49
  of
• 8:49
  our
• 8:49
  freedom
• 8:50
  journey.
• 8:50
  And
• 8:51
  we
• 8:51
  ask
• 8:51
  this
• 8:51
  in
• 8:52
  Jesus
• 8:52
  name.
• 8:53
  Amen.
• 8:55
  Friend,
• 8:55
  I
• 8:56
  want
• 8:56
  you
• 8:56
  to
• 8:56
  hear
• 8:56
  this
• 8:56
  loud
• 8:57
  and
• 8:57
  clear.
• 8:57
  You're
• 8:57
  not
• 8:58
  failing,
• 8:59
  you're
• 8:59
  rebuilding.
• 9:00
  And
• 9:01
  you're
• 9:01
  rebuilding
• 9:01
  one
• 9:02
  faithful
• 9:02
  step
• 9:02
  at
• 9:02
  a
• 9:03
  time.
• 9:03
  If
• 9:04
  you've
• 9:04
  got
• 9:04
  a
• 9:04
  question
• 9:04
  you'd
• 9:05
  like
• 9:05
  me
• 9:05
  to
• 9:05
  cover
• 9:05
  on
• 9:05
  this
• 9:06
  show,
• 9:06
  by
• 9:06
  the
• 9:06
  way,
• 9:06
  you
• 9:07
  know
• 9:07
  I
• 9:07
  love
• 9:07
  questions.
• 9:08
  Go
• 9:08
  to
• 9:09
  financiallyconfidentchristian.com/question
• 9:13
  we'll
• 9:14
  put
• 9:14
  that
• 9:14
  in
• 9:14
  the
• 9:14
  show
• 9:14
  notes,
• 9:15
  but
• 9:15
  I'm
• 9:15
  going
• 9:15
  to
• 9:15
  give
• 9:15
  it
• 9:15
  to
• 9:15
  you
• 9:15
  again
• 9:15
  in
• 9:16
  case
• 9:16
  you
• 9:16
  want
• 9:16
  to
• 9:16
  write
• 9:16
  it
• 9:16
  down.
• 9:17
  It's
• 9:17
  financiallyconfidentchristian.com/question
• 9:22
  well,
• 9:22
  thank
• 9:23
  you
• 9:23
  so
• 9:23
  much
• 9:23
  for
• 9:23
  joining
• 9:24
  me.
• 9:24
  As
• 9:24
  I
• 9:24
  always
• 9:25
  say,
• 9:26
  stay
• 9:26
  financially
• 9:27
  savvy.
• 9:27
  May
• 9:28
  God
• 9:28
  bless
• 9:28
  you
• 9:29
  and
• 9:29
  you
• 9:29
  have
• 9:30
  a
• 9:30
  great
• 9:30
  day
• 9:30
  today.