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What’s a Financial Advisor, and Do I Need One for Investing? · Becoming Financially Confident

• 0:37
  Listen
• 0:38
  to
• 0:38
  this
• 0:39
  again.
• 0:39
  I
• 0:39
  got
• 0:40
  to
• 0:40
  thank
• 0:40
  Abby
• 0:40
  for
• 0:40
  these
• 0:41
  statistics,
• 0:41
  but
• 0:41
  these
• 0:41
  are
• 0:42
  fantastic.
• 0:43
  We're
• 0:43
  talking
• 0:43
  about
• 0:44
  investment
• 0:44
  advisors
• 0:45
  today.
• 0:46
  About
• 0:46
  one
• 0:47
  in
• 0:47
  four
• 0:47
  Americans
• 0:48
  currently
• 0:48
  works
• 0:49
  with
• 0:49
  a
• 0:49
  financial
• 0:49
  advisor.
• 0:51
  One
• 0:51
  in
• 0:51
  four,
• 0:52
  25%.
• 0:52
  I
• 0:53
  was
• 0:53
  actually
• 0:53
  kind
• 0:53
  of
• 0:53
  surprised
• 0:54
  by
• 0:54
  that.
• 0:55
  And
• 0:55
  those
• 0:56
  who
• 0:56
  were
• 0:56
  asked,
• 0:57
  what's
• 0:57
  the
• 0:57
  one
• 0:57
  factor
• 0:58
  that
• 0:58
  people
• 0:58
  look
• 0:58
  for?
• 0:59
  Trust
• 0:59
  was
• 0:59
  the
• 0:59
  number
• 1:00
  one
• 1:00
  thing.
• 1:00
  So
• 1:01
  it's
• 1:01
  all
• 1:01
  about
• 1:01
  trust.
• 1:01
  Trusting
• 1:02
  somebody
• 1:03
  with
• 1:03
  60
• 1:04
  or
• 1:04
  70%
• 1:05
  saying
• 1:06
  that
• 1:06
  matters
• 1:06
  the
• 1:07
  most,
• 1:07
  that
• 1:07
  trust.
• 1:09
  And
• 1:09
  here's
• 1:10
  another
• 1:10
  interesting
• 1:11
  statistic,
• 1:12
  and
• 1:12
  this
• 1:12
  comes
• 1:12
  from
• 1:13
  Magnify
• 1:13
  money
• 1:13
  back
• 1:14
  in
• 1:14
  2022,
• 1:14
  but
• 1:14
  I
• 1:14
  think
• 1:15
  it's
• 1:15
  still
• 1:15
  relevant
• 1:15
  today.
• 1:16
  Nearly
• 1:16
  95%
• 1:17
  of
• 1:17
  those
• 1:17
  who
• 1:18
  pay
• 1:18
  for
• 1:18
  an
• 1:18
  advisor
• 1:19
  say
• 1:19
  it's
• 1:19
  worth
• 1:20
  the
• 1:20
  cost.
• 1:21
  So
• 1:21
  1
• 1:21
  in
• 1:21
  4Americans,
• 1:22
  60,
• 1:23
  70%
• 1:24
  say
• 1:24
  it's
• 1:24
  trust.
• 1:25
  And
• 1:25
  95%,
• 1:26
  I
• 1:26
  thought
• 1:26
  that
• 1:26
  was
• 1:26
  a
• 1:26
  whopping
• 1:27
  number.
• 1:28
  Pay
• 1:28
  an
• 1:28
  advisor,
• 1:29
  say
• 1:29
  it's
• 1:29
  worth,
• 1:30
  worth
• 1:30
  the
• 1:30
  cost.
• 1:31
  But
• 1:32
  you
• 1:32
  might
• 1:32
  be
• 1:32
  listening
• 1:32
  right
• 1:33
  now.
• 1:33
  You're
• 1:33
  like,
• 1:33
  raph,
• 1:33
  I
• 1:33
  don't
• 1:33
  have
• 1:33
  a
• 1:34
  financial
• 1:34
  advisor.
• 1:36
  So
• 1:36
  why
• 1:36
  do
• 1:36
  so
• 1:36
  many
• 1:37
  people
• 1:37
  hold
• 1:37
  back
• 1:37
  and
• 1:38
  not
• 1:38
  invest
• 1:38
  in
• 1:39
  that?
• 1:40
  This
• 1:40
  is
• 1:40
  from
• 1:40
  Financial
• 1:41
  Advisor
• 1:41
  magazine.
• 1:42
  Almost
• 1:43
  half
• 1:43
  of
• 1:43
  U.S.
• 1:44
  adults
• 1:44
  thinks
• 1:45
  advisors
• 1:45
  are
• 1:45
  too
• 1:46
  expensive
• 1:46
  or
• 1:47
  only
• 1:47
  for
• 1:47
  the
• 1:47
  wealthy.
• 1:48
  Hey,
• 1:48
  we
• 1:48
  talked
• 1:48
  about
• 1:48
  this
• 1:49
  all
• 1:49
  through
• 1:50
  this
• 1:50
  series
• 1:50
  on
• 1:50
  investments.
• 1:51
  There's
• 1:52
  this
• 1:52
  belief
• 1:53
  that
• 1:53
  you
• 1:53
  have
• 1:53
  to
• 1:53
  be
• 1:54
  a
• 1:54
  wealthy
• 1:55
  person
• 1:55
  to
• 1:55
  be
• 1:56
  able
• 1:56
  to
• 1:56
  afford
• 1:57
  an
• 1:57
  advisor.
• 1:59
  And
• 2:00
  listen
• 2:00
  to
• 2:00
  this
• 2:00
  statistic.
• 2:01
  This
• 2:01
  was
• 2:01
  actually
• 2:01
  kind
• 2:01
  of
• 2:02
  shocking
• 2:02
  to
• 2:02
  me.
• 2:03
  59%
• 2:04
  say
• 2:04
  they
• 2:05
  want
• 2:05
  financial
• 2:05
  advice
• 2:06
  but
• 2:07
  don't
• 2:07
  know
• 2:07
  where
• 2:07
  to
• 2:08
  get
• 2:08
  it.
• 2:09
  Well,
• 2:09
  let's
• 2:10
  get
• 2:10
  right
• 2:10
  to
• 2:10
  that
• 2:10
  question.
• 2:11
  Got
• 2:11
  this
• 2:11
  question
• 2:11
  from
• 2:12
  one
• 2:12
  of
• 2:12
  our
• 2:12
  listeners
• 2:12
  today.
• 2:13
  And
• 2:13
  this
• 2:14
  just
• 2:14
  absolutely
• 2:15
  takes
• 2:15
  home
• 2:16
  exactly
• 2:16
  what
• 2:16
  we're
• 2:17
  talking
• 2:17
  about.
• 2:17
  Said
• 2:17
  this,
• 2:17
  Ralph,
• 2:18
  do
• 2:18
  I
• 2:19
  really
• 2:19
  need
• 2:19
  a
• 2:19
  financial
• 2:19
  advisor
• 2:20
  or
• 2:21
  can
• 2:21
  I
• 2:21
  just
• 2:21
  handle
• 2:22
  investing
• 2:22
  on
• 2:22
  my
• 2:23
  own?
• 2:24
  What
• 2:24
  a
• 2:24
  great
• 2:24
  question.
• 2:26
  See,
• 2:26
  many
• 2:26
  people
• 2:27
  are
• 2:27
  thinking
• 2:27
  the
• 2:27
  same
• 2:28
  thing
• 2:28
  you're
• 2:28
  thinking.
• 2:28
  I'm
• 2:29
  so
• 2:29
  happy
• 2:29
  you
• 2:29
  sent
• 2:29
  that
• 2:29
  in
• 2:29
  because
• 2:30
  this
• 2:30
  is
• 2:30
  so
• 2:30
  valuable
• 2:31
  for
• 2:31
  today.
• 2:32
  Many
• 2:32
  people
• 2:32
  weigh
• 2:33
  the
• 2:33
  cost
• 2:33
  of
• 2:33
  an
• 2:33
  advisor
• 2:34
  against
• 2:34
  the
• 2:35
  benefits.
• 2:35
  Listen,
• 2:35
  I'm
• 2:35
  an
• 2:35
  accountant.
• 2:36
  That's
• 2:36
  what
• 2:36
  I
• 2:36
  do
• 2:36
  for
• 2:36
  a
• 2:36
  living.
• 2:37
  Cost
• 2:38
  versus
• 2:38
  value
• 2:38
  benefits.
• 2:40
  And
• 2:40
  here's
• 2:41
  the
• 2:41
  thing,
• 2:41
  if
• 2:41
  you
• 2:41
  do
• 2:41
  it
• 2:42
  yourself,
• 2:43
  it's
• 2:43
  absolutely
• 2:44
  going
• 2:44
  to
• 2:44
  be
• 2:44
  cheaper.
• 2:44
  You're
• 2:44
  going
• 2:45
  to
• 2:45
  save
• 2:45
  fees
• 2:46
  and
• 2:46
  you're
• 2:46
  going
• 2:46
  to
• 2:46
  stay
• 2:46
  in
• 2:47
  control
• 2:47
  of
• 2:47
  things.
• 2:49
  But
• 2:49
  the
• 2:49
  problem
• 2:50
  is
• 2:51
  when
• 2:51
  you're
• 2:51
  doing
• 2:51
  it
• 2:52
  yourself,
• 2:53
  you
• 2:53
  don't
• 2:53
  have
• 2:54
  any
• 2:54
  help.
• 2:54
  It's
• 2:54
  pretty
• 2:54
  straightforward
• 2:55
  and
• 2:55
  simple,
• 2:55
  isn't
• 2:56
  it?
• 2:56
  So
• 2:56
  what
• 2:57
  does
• 2:57
  an
• 2:57
  advisor
• 2:57
  bring
• 2:58
  to
• 2:58
  the
• 2:58
  table
• 2:58
  when
• 2:58
  advisor
• 2:59
  offers
• 2:59
  strategic
• 3:00
  guidance
• 3:00
  on
• 3:01
  things
• 3:01
  like
• 3:01
  taxes,
• 3:02
  on
• 3:02
  how
• 3:02
  to
• 3:02
  build
• 3:03
  that
• 3:03
  retirement.
• 3:04
  And
• 3:04
  my
• 3:04
  big
• 3:04
  takeaway
• 3:05
  for
• 3:05
  today,
• 3:06
  and
• 3:06
  this
• 3:06
  is
• 3:06
  why
• 3:06
  I
• 3:07
  actually
• 3:07
  use
• 3:08
  an
• 3:08
  investment
• 3:08
  Advisor
• 3:09
  is
• 3:10
  for
• 3:10
  peace
• 3:10
  of
• 3:10
  mind.
• 3:11
  So
• 3:12
  now
• 3:12
  you're
• 3:12
  thinking,
• 3:12
  okay,
• 3:12
  Ralph,
• 3:13
  you've
• 3:13
  given
• 3:13
  me
• 3:13
  both
• 3:13
  sides
• 3:14
  of
• 3:14
  this,
• 3:15
  but
• 3:15
  how
• 3:15
  do
• 3:15
  I
• 3:16
  decide
• 3:16
  what
• 3:16
  is
• 3:17
  the
• 3:17
  best
• 3:17
  thing
• 3:17
  for
• 3:18
  me?
• 3:18
  And
• 3:19
  that's
• 3:19
  what
• 3:19
  we
• 3:19
  really
• 3:19
  need
• 3:19
  to
• 3:19
  talk
• 3:20
  about
• 3:20
  on
• 3:20
  today's
• 3:20
  show.
• 3:21
  Do
• 3:21
  you
• 3:21
  really
• 3:22
  need
• 3:22
  a
• 3:22
  financial
• 3:22
  advisor
• 3:23
  or
• 3:24
  is
• 3:24
  do
• 3:24
  it
• 3:24
  yourself
• 3:24
  investing
• 3:25
  enough?
• 3:27
  I'll
• 3:27
  give
• 3:27
  you
• 3:27
  a
• 3:27
  part
• 3:27
  of
• 3:27
  the
• 3:28
  answer
• 3:28
  right
• 3:28
  now.
• 3:29
  It
• 3:29
  depends
• 3:30
  on
• 3:30
  your
• 3:30
  situation.
• 3:31
  But
• 3:31
  let's
• 3:31
  unpack
• 3:32
  this
• 3:32
  when
• 3:33
  I
• 3:33
  can
• 3:33
  tell
• 3:33
  you
• 3:33
  exactly
• 3:34
  how
• 3:34
  to
• 3:34
  do
• 3:34
  this.
• 3:34
  When
• 3:35
  advice
• 3:35
  matters
• 3:36
  the
• 3:36
  most,
• 3:36
  let's
• 3:36
  handle
• 3:37
  that
• 3:37
  on
• 3:37
  today's
• 3:37
  show.
• 3:39
  This
• 3:39
  is
• 3:39
  Financially
• 3:40
  Confident
• 3:40
  Christian,
• 3:41
  your
• 3:41
  daily
• 3:42
  dose
• 3:42
  of
• 3:42
  gospel,
• 3:43
  grounded
• 3:43
  insight
• 3:44
  and
• 3:44
  faith
• 3:44
  driven
• 3:44
  tips
• 3:45
  to
• 3:45
  help
• 3:46
  you
• 3:46
  break
• 3:46
  the
• 3:46
  cycle
• 3:46
  of
• 3:47
  financial
• 3:47
  shame
• 3:47
  with
• 3:48
  confidence.
• 3:50
  Hello
• 3:50
  there.
• 3:50
  Welcome
• 3:51
  to
• 3:51
  the
• 3:51
  show.
• 3:51
  I'm
• 3:51
  Ralph.
• 3:52
  Thank
• 3:52
  you
• 3:52
  for
• 3:52
  joining
• 3:53
  me
• 3:53
  again
• 3:53
  today.
• 3:53
  As
• 3:54
  we
• 3:54
  continue
• 3:54
  in
• 3:54
  this
• 3:55
  final
• 3:55
  week
• 3:55
  of
• 3:55
  our
• 3:56
  30
• 3:56
  day
• 3:56
  investment
• 3:56
  series,
• 3:57
  we've
• 3:57
  been
• 3:58
  talking
• 3:58
  all
• 3:58
  about
• 3:58
  all
• 3:59
  kinds
• 3:59
  of
• 3:59
  investments
• 4:00
  for
• 4:00
  people
• 4:00
  just
• 4:01
  like
• 4:01
  you.
• 4:01
  People
• 4:01
  just
• 4:02
  like
• 4:02
  me.
• 4:02
  Not
• 4:03
  super
• 4:03
  wealthy
• 4:03
  people,
• 4:04
  but
• 4:04
  people
• 4:04
  who
• 4:05
  are
• 4:05
  just
• 4:05
  looking
• 4:05
  to
• 4:06
  have
• 4:06
  a
• 4:06
  little
• 4:06
  bit
• 4:06
  of
• 4:07
  extra
• 4:07
  income.
• 4:07
  That
• 4:08
  passive
• 4:08
  income,
• 4:09
  which
• 4:09
  is
• 4:09
  exactly
• 4:09
  what
• 4:09
  we
• 4:09
  talked
• 4:10
  about
• 4:10
  on
• 4:10
  yesterday's
• 4:10
  show,
• 4:11
  how
• 4:11
  to
• 4:11
  be
• 4:12
  the
• 4:12
  boss
• 4:12
  of
• 4:12
  your
• 4:12
  money
• 4:13
  and
• 4:13
  how
• 4:13
  to
• 4:13
  put
• 4:14
  your
• 4:14
  money
• 4:14
  to
• 4:14
  work
• 4:14
  for
• 4:14
  you.
• 4:15
  So
• 4:15
  if
• 4:15
  you
• 4:15
  missed
• 4:15
  that,
• 4:15
  I'm
• 4:16
  going
• 4:16
  to
• 4:16
  encourage
• 4:16
  you
• 4:16
  to
• 4:16
  check
• 4:17
  it
• 4:17
  out.
• 4:17
  You
• 4:17
  can
• 4:17
  find
• 4:17
  all
• 4:17
  of
• 4:18
  our
• 4:18
  episodes
• 4:18
  at
• 4:19
  Financially
• 4:19
  Confident
• 4:20
  Christian.
• 4:21
  Yesterday
• 4:21
  we
• 4:21
  talked
• 4:22
  again
• 4:22
  about
• 4:22
  wise
• 4:23
  planning,
• 4:23
  diverse
• 4:24
  income
• 4:24
  streams
• 4:25
  and
• 4:25
  faithful
• 4:25
  stewardship.
• 4:26
  Now
• 4:26
  gets
• 4:27
  it
• 4:27
  back
• 4:27
  to
• 4:27
  the
• 4:27
  question
• 4:27
  of
• 4:28
  today.
• 4:30
  Why
• 4:30
  do
• 4:30
  I
• 4:30
  need
• 4:31
  a
• 4:31
  financial
• 4:31
  advisor?
• 4:32
  Well,
• 4:32
  honestly,
• 4:33
  that's
• 4:33
  kind
• 4:33
  of
• 4:33
  what
• 4:33
  I
• 4:33
  do
• 4:34
  for
• 4:34
  a
• 4:34
  living.
• 4:34
  Now
• 4:34
  I
• 4:35
  don't
• 4:35
  do
• 4:35
  investment
• 4:36
  advising,
• 4:36
  but
• 4:37
  to
• 4:37
  help
• 4:37
  people
• 4:37
  with
• 4:38
  tax
• 4:38
  strategies.
• 4:38
  Help
• 4:39
  people
• 4:39
  with
• 4:39
  investment
• 4:40
  strategies.
• 4:41
  And
• 4:42
  listen,
• 4:42
  I'm
• 4:42
  not
• 4:42
  tooting
• 4:42
  my
• 4:43
  own
• 4:43
  horn,
• 4:43
  but
• 4:43
  I've
• 4:44
  seen
• 4:44
  where
• 4:44
  this
• 4:44
  adds
• 4:45
  real
• 4:45
  value
• 4:45
  to
• 4:46
  people.
• 4:46
  And
• 4:47
  as
• 4:47
  an
• 4:47
  accountant,
• 4:47
  as
• 4:48
  a
• 4:48
  coach,
• 4:49
  I've
• 4:49
  seen
• 4:50
  how
• 4:50
  this
• 4:50
  has
• 4:50
  helped
• 4:50
  people
• 4:51
  recognize
• 4:51
  when
• 4:51
  they
• 4:52
  can
• 4:52
  handle
• 4:52
  things
• 4:52
  on
• 4:52
  their
• 4:52
  own.
• 4:53
  And
• 4:53
  guess
• 4:53
  what?
• 4:53
  Sometimes
• 4:54
  it's
• 4:55
  a
• 4:55
  little
• 4:55
  too
• 4:55
  complicated.
• 4:56
  It's
• 4:56
  gotten
• 4:56
  a
• 4:56
  little
• 4:56
  too
• 4:57
  complex.
• 4:58
  And
• 4:58
  I'll
• 4:58
  never
• 4:58
  forget,
• 4:59
  I
• 4:59
  had
• 4:59
  a
• 4:59
  client
• 4:59
  who
• 5:00
  refused
• 5:00
  to
• 5:00
  use
• 5:00
  advisors.
• 5:01
  He
• 5:01
  would
• 5:01
  come
• 5:01
  in
• 5:01
  every
• 5:02
  year,
• 5:02
  I
• 5:02
  would
• 5:02
  do
• 5:02
  his
• 5:02
  taxes
• 5:03
  and
• 5:03
  he
• 5:03
  said,
• 5:03
  ralph,
• 5:04
  I
• 5:04
  don't
• 5:04
  need
• 5:04
  a
• 5:04
  financial
• 5:05
  advisor.
• 5:05
  I'm
• 5:05
  not
• 5:06
  paying
• 5:06
  no
• 5:06
  seeds.
• 5:06
  They
• 5:06
  charge
• 5:07
  a
• 5:07
  min.
• 5:07
  Ralph,
• 5:08
  I
• 5:08
  can
• 5:08
  do
• 5:08
  this
• 5:08
  on
• 5:09
  my
• 5:09
  own.
• 5:09
  Listen,
• 5:09
  I've
• 5:09
  got
• 5:10
  a
• 5:10
  computer,
• 5:11
  I've
• 5:11
  got
• 5:11
  the
• 5:11
  Internet,
• 5:12
  I
• 5:12
  can
• 5:12
  go
• 5:12
  read
• 5:12
  all
• 5:13
  the
• 5:13
  things.
• 5:13
  And
• 5:13
  guess
• 5:13
  what,
• 5:13
  Ralph,
• 5:14
  I'll
• 5:14
  do
• 5:14
  better
• 5:14
  than
• 5:14
  they
• 5:14
  can
• 5:15
  do.
• 5:15
  And
• 5:16
  I
• 5:16
  said,
• 5:16
  okay,
• 5:17
  I
• 5:17
  hear
• 5:17
  what
• 5:17
  you're
• 5:17
  saying.
• 5:18
  But
• 5:18
  he
• 5:18
  started
• 5:18
  to
• 5:19
  develop
• 5:19
  some
• 5:19
  wealth.
• 5:19
  He
• 5:20
  started
• 5:20
  to
• 5:20
  have
• 5:20
  more
• 5:20
  complex
• 5:21
  things.
• 5:22
  And
• 5:22
  I
• 5:22
  said,
• 5:23
  listen,
• 5:23
  I
• 5:23
  said,
• 5:23
  go
• 5:24
  talk
• 5:24
  to
• 5:24
  an
• 5:24
  investment
• 5:24
  advisor.
• 5:25
  I'm
• 5:25
  going
• 5:25
  to
• 5:25
  encourage
• 5:25
  you
• 5:25
  to
• 5:26
  do
• 5:26
  that
• 5:26
  too.
• 5:26
  We'll
• 5:26
  talk
• 5:26
  a
• 5:26
  little
• 5:26
  bit
• 5:27
  of
• 5:27
  that
• 5:27
  later
• 5:27
  in
• 5:27
  the
• 5:28
  show.
• 5:29
  But
• 5:29
  I
• 5:29
  encourage
• 5:30
  him.
• 5:30
  When
• 5:30
  he
• 5:30
  finally
• 5:30
  met
• 5:31
  with
• 5:31
  one,
• 5:32
  he
• 5:32
  said,
• 5:32
  ralph,
• 5:32
  you're
• 5:33
  never
• 5:33
  going
• 5:33
  to
• 5:33
  believe
• 5:33
  this.
• 5:34
  I
• 5:34
  found
• 5:34
  things
• 5:34
  that
• 5:35
  I
• 5:35
  was
• 5:35
  doing
• 5:35
  completely
• 5:36
  wrong.
• 5:36
  I
• 5:36
  said,
• 5:36
  you
• 5:36
  think
• 5:37
  so?
• 5:37
  He
• 5:38
  actually
• 5:38
  took
• 5:38
  my
• 5:39
  advice.
• 5:39
  He
• 5:39
  found
• 5:40
  some
• 5:40
  new
• 5:40
  opportunities.
• 5:41
  When
• 5:41
  he
• 5:41
  ended
• 5:42
  up
• 5:42
  going
• 5:42
  into
• 5:43
  those
• 5:43
  opportunities,
• 5:43
  I
• 5:44
  was
• 5:44
  able
• 5:44
  to
• 5:44
  hack
• 5:44
  them,
• 5:45
  actually
• 5:45
  help
• 5:45
  him
• 5:46
  find
• 5:46
  some
• 5:46
  new
• 5:47
  tax
• 5:47
  saving
• 5:48
  strategies.
• 5:49
  And
• 5:49
  at
• 5:49
  the
• 5:49
  end
• 5:49
  of
• 5:49
  the
• 5:49
  day,
• 5:50
  he
• 5:50
  said,
• 5:50
  ralph,
• 5:50
  I
• 5:50
  wish
• 5:51
  I
• 5:51
  had
• 5:51
  known.
• 5:51
  Or
• 5:52
  better
• 5:52
  yet,
• 5:52
  he
• 5:53
  said,
• 5:53
  I
• 5:53
  wish
• 5:53
  I
• 5:53
  had
• 5:53
  done
• 5:54
  this
• 5:55
  10
• 5:55
  years
• 5:55
  ago.
• 5:56
  Which
• 5:57
  leads
• 5:57
  me
• 5:57
  to
• 5:57
  this
• 5:58
  verse
• 5:58
  from
• 5:58
  the
• 5:58
  Bible
• 5:59
  today.
• 5:59
  Comes
• 6:00
  from
• 6:00
  Proverbs
• 6:00
  15:22.
• 6:01
  And
• 6:01
  it
• 6:02
  reminds
• 6:02
  us
• 6:02
  this,
• 6:02
  and
• 6:03
  I've
• 6:03
  used
• 6:03
  this
• 6:03
  on
• 6:03
  this
• 6:03
  show
• 6:03
  a
• 6:04
  million
• 6:04
  times.
• 6:05
  Plans
• 6:06
  fail
• 6:06
  for
• 6:06
  the
• 6:06
  lack
• 6:06
  of
• 6:07
  counsel.
• 6:07
  But
• 6:08
  with
• 6:08
  many
• 6:08
  advisors,
• 6:09
  they
• 6:09
  succeed.
• 6:10
  And
• 6:10
  this
• 6:11
  is
• 6:11
  what
• 6:11
  this
• 6:11
  client
• 6:11
  learned.
• 6:12
  The
• 6:12
  right
• 6:13
  advice
• 6:13
  can
• 6:13
  change
• 6:14
  everything.
• 6:15
  And
• 6:15
  you're
• 6:16
  not
• 6:16
  going
• 6:16
  to
• 6:16
  get
• 6:16
  that
• 6:16
  advice
• 6:16
  if
• 6:17
  you
• 6:17
  don't
• 6:17
  reach
• 6:17
  out
• 6:17
  and
• 6:18
  talk
• 6:18
  to
• 6:18
  somebody.
• 6:18
  So
• 6:19
  let's
• 6:19
  get
• 6:19
  into
• 6:19
  the
• 6:19
  key
• 6:19
  points
• 6:20
  for
• 6:20
  today,
• 6:21
  the
• 6:21
  real
• 6:22
  meat
• 6:22
  and
• 6:22
  potatoes
• 6:23
  of
• 6:23
  what
• 6:23
  we're
• 6:23
  talking
• 6:23
  about
• 6:23
  today.
• 6:25
  By
• 6:25
  using
• 6:25
  an
• 6:26
  advisor,
• 6:26
  you're
• 6:27
  going
• 6:27
  to
• 6:27
  get
• 6:27
  guidance.
• 6:28
  They're
• 6:29
  going
• 6:29
  to
• 6:29
  show
• 6:29
  you
• 6:29
  what
• 6:29
  you
• 6:29
  can
• 6:30
  do.
• 6:30
  And
• 6:30
  listen,
• 6:31
  when
• 6:31
  you
• 6:31
  work
• 6:31
  with
• 6:31
  an
• 6:32
  advisor,
• 6:32
  they're
• 6:33
  going
• 6:33
  to
• 6:33
  understand
• 6:33
  your
• 6:34
  belief
• 6:34
  structure,
• 6:35
  they're
• 6:35
  going
• 6:35
  to
• 6:35
  understand
• 6:36
  your
• 6:36
  tolerance
• 6:37
  for
• 6:37
  risk.
• 6:37
  They're
• 6:38
  going
• 6:38
  to
• 6:38
  understand
• 6:38
  the
• 6:38
  things
• 6:39
  that
• 6:39
  you
• 6:39
  want
• 6:39
  to
• 6:39
  invest
• 6:39
  in.
• 6:40
  That's
• 6:40
  really
• 6:40
  important.
• 6:40
  So
• 6:40
  make
• 6:41
  sure
• 6:41
  you
• 6:41
  choose
• 6:41
  the
• 6:41
  right
• 6:41
  advisor.
• 6:42
  We'll
• 6:42
  talk
• 6:42
  about
• 6:42
  that
• 6:43
  in
• 6:43
  another
• 6:43
  show.
• 6:44
  But
• 6:44
  advisors
• 6:45
  provide
• 6:45
  that
• 6:45
  guidance.
• 6:46
  They
• 6:46
  can
• 6:46
  provide
• 6:47
  that
• 6:47
  planning.
• 6:47
  What
• 6:47
  did
• 6:47
  the
• 6:47
  Bible
• 6:48
  say?
• 6:48
  Plans
• 6:49
  fail
• 6:49
  for
• 6:50
  lack
• 6:50
  of
• 6:50
  counsel.
• 6:51
  So
• 6:51
  the
• 6:51
  Bible's
• 6:52
  telling
• 6:52
  us
• 6:52
  find
• 6:53
  that
• 6:53
  planning.
• 6:53
  And
• 6:54
  one
• 6:54
  of
• 6:54
  the
• 6:54
  things
• 6:54
  I
• 6:54
  really
• 6:54
  love
• 6:55
  about
• 6:55
  investment
• 6:55
  advisor.
• 6:56
  And
• 6:56
  listen,
• 6:56
  my
• 6:56
  investment
• 6:56
  advisor
• 6:57
  has
• 6:57
  caught
• 6:58
  me
• 6:58
  on
• 6:58
  this
• 6:58
  one
• 6:58
  a
• 6:59
  few
• 6:59
  times
• 6:59
  as
• 6:59
  well.
• 7:00
  Accountability.
• 7:01
  There
• 7:01
  have
• 7:02
  been
• 7:02
  times
• 7:02
  when
• 7:02
  I'll
• 7:02
  call
• 7:03
  up
• 7:03
  my
• 7:03
  advisor.
• 7:03
  His
• 7:04
  name's
• 7:04
  actually
• 7:04
  Remo.
• 7:05
  I
• 7:05
  say,
• 7:05
  remo,
• 7:05
  we
• 7:06
  got
• 7:06
  to
• 7:06
  sell
• 7:06
  this,
• 7:06
  man.
• 7:06
  The
• 7:06
  market
• 7:07
  is
• 7:07
  crashing.
• 7:07
  He's
• 7:07
  like,
• 7:07
  ralph,
• 7:08
  hold
• 7:08
  on
• 7:08
  a
• 7:08
  second,
• 7:08
  dude,
• 7:09
  calm
• 7:10
  down.
• 7:11
  Long
• 7:11
  term
• 7:11
  view.
• 7:13
  So
• 7:13
  that's
• 7:13
  the
• 7:13
  thing.
• 7:13
  They're
• 7:13
  going
• 7:13
  to
• 7:14
  bring
• 7:14
  guidance,
• 7:14
  they're
• 7:14
  going
• 7:14
  to
• 7:14
  bring
• 7:15
  planning
• 7:15
  and
• 7:15
  accountability.
• 7:16
  Now
• 7:16
  there
• 7:16
  are
• 7:16
  some
• 7:17
  pros
• 7:17
  to
• 7:17
  that.
• 7:17
  As
• 7:17
  we
• 7:17
  talked
• 7:18
  about,
• 7:18
  the
• 7:19
  expertise
• 7:19
  of
• 7:19
  those
• 7:20
  people,
• 7:20
  people
• 7:20
  like
• 7:20
  me,
• 7:21
  I've
• 7:21
  been
• 7:21
  doing
• 7:21
  this
• 7:21
  for
• 7:21
  30
• 7:22
  years.
• 7:22
  A
• 7:23
  lot
• 7:23
  of
• 7:23
  investment
• 7:23
  advisors
• 7:24
  have
• 7:24
  a
• 7:24
  ton
• 7:24
  of
• 7:24
  schooling.
• 7:25
  They
• 7:25
  know
• 7:25
  what
• 7:25
  the
• 7:26
  markets
• 7:26
  do.
• 7:26
  The
• 7:27
  other
• 7:27
  thing
• 7:27
  like
• 7:27
  Remo
• 7:28
  brings
• 7:28
  for
• 7:28
  Me,
• 7:29
  objectivity.
• 7:30
  He
• 7:30
  understands
• 7:31
  both
• 7:31
  sides
• 7:31
  of
• 7:31
  this.
• 7:31
  He's
• 7:32
  not
• 7:32
  going
• 7:32
  to
• 7:32
  react
• 7:32
  emotionally.
• 7:34
  And
• 7:34
  that
• 7:34
  long
• 7:34
  term
• 7:35
  belief,
• 7:35
  that
• 7:35
  long
• 7:35
  term
• 7:36
  strategy,
• 7:36
  which
• 7:36
  is
• 7:37
  so
• 7:37
  important.
• 7:37
  If
• 7:37
  you
• 7:38
  didn't
• 7:38
  hear
• 7:38
  anything
• 7:38
  else
• 7:38
  I've
• 7:38
  talked
• 7:39
  about
• 7:39
  over
• 7:39
  the
• 7:39
  past
• 7:40
  30
• 7:40
  days
• 7:40
  in
• 7:40
  investments,
• 7:41
  you
• 7:41
  got
• 7:42
  to
• 7:42
  have
• 7:42
  that
• 7:42
  long
• 7:42
  term
• 7:43
  strategy.
• 7:43
  Now
• 7:44
  I
• 7:44
  might
• 7:44
  be
• 7:44
  saying
• 7:44
  rap.
• 7:45
  Okay,
• 7:45
  You've
• 7:45
  painted
• 7:45
  a
• 7:45
  beautiful
• 7:46
  picture,
• 7:46
  man.
• 7:46
  That's
• 7:47
  a
• 7:47
  nice
• 7:47
  looking
• 7:47
  house.
• 7:48
  White
• 7:48
  picket
• 7:48
  fence.
• 7:49
  It
• 7:49
  looks
• 7:49
  great.
• 7:50
  But
• 7:50
  there's
• 7:50
  got
• 7:51
  to
• 7:51
  be
• 7:51
  some
• 7:51
  downsides,
• 7:52
  Rafa.
• 7:52
  Of
• 7:52
  course
• 7:52
  there
• 7:52
  are.
• 7:53
  One
• 7:53
  of
• 7:53
  the
• 7:54
  downsides
• 7:54
  is
• 7:54
  they
• 7:54
  cost
• 7:55
  money.
• 7:55
  Of
• 7:55
  course.
• 7:55
  You
• 7:56
  get
• 7:56
  what
• 7:56
  you
• 7:56
  pay
• 7:56
  for
• 7:56
  in
• 7:57
  life,
• 7:57
  though,
• 7:58
  they
• 7:58
  are
• 7:58
  going
• 7:58
  to
• 7:58
  cost
• 7:59
  you
• 7:59
  something.
• 8:00
  My
• 8:01
  bigger
• 8:01
  downside,
• 8:02
  or
• 8:02
  my
• 8:02
  biggest
• 8:02
  con
• 8:03
  is
• 8:03
  that
• 8:03
  not
• 8:03
  every
• 8:03
  visor
• 8:04
  is
• 8:04
  equally
• 8:04
  trustworthy.
• 8:05
  So
• 8:05
  as
• 8:05
  I
• 8:05
  said,
• 8:06
  what
• 8:06
  did
• 8:07
  the
• 8:07
  statistics
• 8:08
  that
• 8:08
  Abby
• 8:08
  helped
• 8:08
  us
• 8:08
  start
• 8:09
  with
• 8:09
  today?
• 8:09
  Trust.
• 8:11
  That's
• 8:11
  what
• 8:11
  you
• 8:12
  got
• 8:12
  to
• 8:12
  find
• 8:12
  somebody
• 8:12
  you
• 8:13
  trust.
• 8:14
  But
• 8:14
  when
• 8:15
  your
• 8:15
  goals
• 8:15
  are
• 8:15
  getting
• 8:15
  more
• 8:16
  complex
• 8:17
  and
• 8:17
  your
• 8:17
  accounts
• 8:18
  are
• 8:18
  getting
• 8:18
  larger,
• 8:19
  that's
• 8:19
  when
• 8:19
  you
• 8:19
  really
• 8:20
  need
• 8:20
  to
• 8:20
  lean
• 8:20
  into
• 8:20
  the
• 8:21
  idea
• 8:21
  of
• 8:22
  finding
• 8:22
  an
• 8:23
  advisor.
• 8:23
  I'm
• 8:23
  gonna
• 8:23
  give
• 8:23
  you
• 8:23
  a
• 8:23
  little
• 8:23
  pro
• 8:24
  tip
• 8:24
  right
• 8:24
  now.
• 8:24
  Look
• 8:24
  for
• 8:25
  an
• 8:25
  advisor
• 8:25
  who's
• 8:26
  a
• 8:26
  fiduciary.
• 8:27
  Now,
• 8:27
  it's
• 8:27
  a
• 8:28
  big
• 8:28
  fancy
• 8:28
  term,
• 8:28
  but
• 8:28
  a
• 8:29
  fiduciary
• 8:29
  is
• 8:30
  somebody
• 8:30
  that
• 8:30
  works
• 8:30
  in
• 8:31
  your
• 8:31
  best
• 8:31
  interest.
• 8:32
  They
• 8:32
  have
• 8:32
  a
• 8:33
  fiduciary
• 8:33
  responsibility
• 8:34
  for
• 8:34
  you.
• 8:35
  You
• 8:35
  don't
• 8:35
  want
• 8:35
  some
• 8:35
  client
• 8:36
  just
• 8:36
  selling
• 8:36
  you
• 8:36
  investments.
• 8:37
  That's
• 8:37
  why
• 8:37
  I'm
• 8:38
  not
• 8:38
  a
• 8:38
  big
• 8:38
  fan
• 8:38
  of
• 8:38
  banks.
• 8:39
  Banks
• 8:40
  claim
• 8:40
  to
• 8:41
  sell
• 8:41
  investments,
• 8:41
  so
• 8:41
  what
• 8:42
  they're
• 8:42
  doing
• 8:42
  is
• 8:42
  they're
• 8:42
  selling
• 8:42
  you
• 8:43
  a
• 8:43
  product.
• 8:44
  I
• 8:44
  don't
• 8:44
  like
• 8:44
  product
• 8:45
  salesmen
• 8:45
  in
• 8:45
  this
• 8:46
  area
• 8:46
  look
• 8:47
  for
• 8:47
  what's
• 8:47
  called
• 8:47
  a
• 8:47
  fiduciary.
• 8:48
  You'll
• 8:48
  see
• 8:49
  some
• 8:49
  investment
• 8:50
  advisors
• 8:50
  advertising
• 8:51
  on
• 8:51
  TV
• 8:52
  sometimes,
• 8:52
  and
• 8:52
  they'll
• 8:53
  say
• 8:53
  they're
• 8:53
  not
• 8:53
  just
• 8:54
  an
• 8:54
  advisor,
• 8:54
  they're
• 8:55
  a
• 8:55
  fiduciary.
• 8:56
  That's
• 8:56
  what
• 8:56
  you're
• 8:56
  really
• 8:57
  looking
• 8:57
  for,
• 8:57
  a
• 8:57
  fiduciary,
• 8:58
  someone
• 8:59
  who
• 8:59
  acts
• 8:59
  in
• 8:59
  your
• 9:00
  best
• 9:00
  interest.
• 9:02
  Because
• 9:02
  here's
• 9:02
  the
• 9:02
  truth.
• 9:02
  Advisors
• 9:03
  can
• 9:03
  help
• 9:03
  simplify
• 9:04
  decisions
• 9:05
  and
• 9:05
  bring
• 9:05
  you
• 9:05
  peace
• 9:06
  of
• 9:06
  mind.
• 9:06
  My
• 9:06
  guy,
• 9:07
  Remo,
• 9:07
  he
• 9:07
  brings
• 9:08
  me
• 9:08
  objectivity
• 9:08
  because
• 9:09
  there
• 9:09
  are
• 9:09
  many
• 9:09
  times
• 9:09
  when
• 9:10
  I'm
• 9:10
  like,
• 9:10
  sell
• 9:10
  it
• 9:10
  all.
• 9:11
  Remo,
• 9:11
  he's
• 9:11
  like,
• 9:11
  ralph,
• 9:12
  relax,
• 9:12
  dude.
• 9:13
  We
• 9:13
  gotta
• 9:13
  think
• 9:13
  long
• 9:14
  term.
• 9:14
  He
• 9:15
  helps
• 9:15
  me
• 9:15
  break
• 9:15
  down
• 9:16
  those
• 9:16
  emotional
• 9:17
  investment
• 9:17
  mistakes.
• 9:18
  And
• 9:18
  listen,
• 9:18
  if
• 9:18
  we're
• 9:18
  gonna
• 9:18
  be
• 9:18
  honest
• 9:19
  with
• 9:19
  each
• 9:19
  other,
• 9:20
  ask
• 9:20
  yourself
• 9:20
  right
• 9:21
  now,
• 9:21
  how
• 9:21
  many
• 9:21
  times
• 9:21
  have
• 9:21
  you
• 9:22
  reacted
• 9:22
  emotionally?
• 9:23
  Maybe
• 9:23
  it's
• 9:23
  not
• 9:23
  in
• 9:24
  investments,
• 9:24
  but,
• 9:24
  man,
• 9:24
  I
• 9:25
  get
• 9:25
  myself
• 9:25
  in
• 9:25
  trouble.
• 9:25
  My
• 9:25
  marriage,
• 9:26
  all
• 9:26
  the
• 9:26
  time
• 9:27
  wife
• 9:27
  and
• 9:27
  I'll
• 9:28
  be
• 9:28
  having
• 9:28
  some
• 9:28
  words
• 9:28
  and
• 9:29
  I
• 9:29
  act
• 9:30
  emotionally.
• 9:31
  It
• 9:31
  never
• 9:32
  ends
• 9:32
  up
• 9:32
  good,
• 9:32
  does
• 9:32
  it?
• 9:33
  Well,
• 9:34
  financial
• 9:34
  things
• 9:34
  work
• 9:35
  the
• 9:35
  same
• 9:35
  way.
• 9:35
  When
• 9:36
  we
• 9:36
  react
• 9:36
  emotionally,
• 9:38
  we're
• 9:38
  gonna
• 9:38
  make
• 9:38
  mistakes.
• 9:40
  But
• 9:40
  understand
• 9:40
  the
• 9:40
  costs
• 9:41
  vary.
• 9:41
  Like
• 9:41
  I
• 9:41
  said,
• 9:41
  I'm
• 9:42
  going
• 9:42
  very
• 9:42
  transparent
• 9:43
  about
• 9:43
  this.
• 9:43
  Make
• 9:44
  sure
• 9:44
  there's
• 9:44
  value
• 9:45
  and
• 9:45
  make
• 9:45
  sure
• 9:46
  those
• 9:46
  values
• 9:46
  are
• 9:46
  outweighing
• 9:47
  the
• 9:47
  fees.
• 9:47
  Because
• 9:47
  I've
• 9:47
  worked
• 9:48
  with
• 9:48
  some
• 9:48
  clients,
• 9:48
  their
• 9:48
  investment
• 9:49
  advisors
• 9:49
  charge
• 9:49
  a
• 9:50
  ton
• 9:50
  of
• 9:50
  money.
• 9:50
  I'm
• 9:50
  like,
• 9:50
  wait
• 9:50
  a
• 9:50
  minute,
• 9:51
  this
• 9:51
  guy's
• 9:51
  not
• 9:51
  doing
• 9:51
  anything
• 9:51
  for
• 9:52
  you.
• 9:52
  So
• 9:53
  understand
• 9:53
  the
• 9:53
  cost,
• 9:54
  understanding
• 9:55
  what
• 9:55
  they're,
• 9:55
  what
• 9:56
  you're
• 9:56
  paying
• 9:56
  for
• 9:57
  and
• 9:57
  the
• 9:57
  value
• 9:57
  you're
• 9:58
  getting.
• 9:58
  Like
• 9:58
  I
• 9:58
  said,
• 9:58
  remember
• 9:58
  that
• 9:59
  fiduciary
• 9:59
  thing?
• 10:00
  Because
• 10:00
  not
• 10:00
  all
• 10:01
  investment
• 10:01
  advisors
• 10:01
  are
• 10:02
  equal.
• 10:02
  Research
• 10:03
  them,
• 10:03
  go
• 10:04
  meet
• 10:04
  with
• 10:04
  them,
• 10:04
  ask
• 10:05
  them
• 10:05
  tough
• 10:05
  questions.
• 10:06
  Ask
• 10:06
  them
• 10:07
  their
• 10:07
  philosophy.
• 10:08
  Ask
• 10:08
  them
• 10:08
  how
• 10:08
  many
• 10:08
  times
• 10:09
  they're
• 10:09
  going
• 10:09
  to
• 10:09
  hear
• 10:09
  from
• 10:09
  you
• 10:10
  a
• 10:10
  year.
• 10:10
  Ask
• 10:10
  them
• 10:11
  how
• 10:11
  approachable
• 10:12
  they
• 10:12
  are.
• 10:12
  Find
• 10:13
  one
• 10:13
  with
• 10:13
  integrity.
• 10:14
  I
• 10:14
  dare
• 10:15
  say
• 10:15
  find
• 10:15
  one.
• 10:15
  That's
• 10:16
  a
• 10:16
  Christian
• 10:16
  device.
• 10:16
  Just
• 10:17
  a
• 10:17
  Christian
• 10:17
  show.
• 10:18
  Most
• 10:18
  of
• 10:18
  the
• 10:18
  time,
• 10:18
  people
• 10:19
  coming
• 10:19
  to
• 10:19
  me,
• 10:19
  they're
• 10:20
  Christian
• 10:20
  people.
• 10:21
  Go
• 10:21
  ask
• 10:21
  them
• 10:21
  that
• 10:22
  question.
• 10:22
  I
• 10:22
  think
• 10:22
  it's
• 10:22
  totally
• 10:23
  fine
• 10:23
  to
• 10:23
  say
• 10:23
  to
• 10:23
  an
• 10:24
  investment
• 10:24
  advisor,
• 10:25
  what
• 10:25
  is
• 10:25
  your
• 10:25
  belief
• 10:26
  system?
• 10:26
  Because
• 10:27
  one
• 10:27
  of
• 10:27
  the
• 10:27
  things
• 10:27
  we
• 10:27
  talked
• 10:28
  about
• 10:28
  a
• 10:28
  week
• 10:28
  or
• 10:28
  so
• 10:28
  ago
• 10:29
  is
• 10:29
  value
• 10:30
  based
• 10:30
  investing.
• 10:31
  Make
• 10:31
  sure
• 10:32
  they
• 10:32
  understand
• 10:32
  it.
• 10:33
  You
• 10:33
  want
• 10:33
  to
• 10:33
  invest
• 10:33
  in
• 10:33
  things
• 10:34
  that
• 10:34
  meet
• 10:34
  your
• 10:35
  value
• 10:35
  structure.
• 10:36
  The
• 10:36
  truth
• 10:36
  is,
• 10:37
  if
• 10:37
  your
• 10:37
  finances
• 10:38
  are
• 10:38
  very
• 10:38
  straightforward,
• 10:39
  you
• 10:39
  may
• 10:39
  not
• 10:39
  need
• 10:40
  one
• 10:40
  yet.
• 10:41
  I'm
• 10:41
  going
• 10:41
  to
• 10:41
  use
• 10:41
  that
• 10:41
  word
• 10:42
  yet
• 10:42
  because
• 10:42
  it's
• 10:42
  so
• 10:42
  important
• 10:43
  to
• 10:43
  think
• 10:43
  about
• 10:43
  that.
• 10:44
  But
• 10:44
  as
• 10:44
  they
• 10:44
  get
• 10:45
  more
• 10:45
  complex,
• 10:46
  as
• 10:46
  you
• 10:46
  start
• 10:47
  to
• 10:47
  build
• 10:47
  those
• 10:47
  savings,
• 10:48
  if
• 10:48
  you're
• 10:48
  doing
• 10:48
  the
• 10:48
  things
• 10:48
  we
• 10:48
  talk
• 10:49
  about
• 10:49
  on
• 10:49
  the
• 10:49
  show,
• 10:50
  the
• 10:50
  truth
• 10:50
  is
• 10:51
  good
• 10:51
  advice
• 10:52
  can
• 10:52
  save
• 10:53
  you
• 10:53
  thousands
• 10:54
  of
• 10:54
  dollars.
• 10:55
  Trust
• 10:55
  me
• 10:55
  on
• 10:55
  this.
• 10:56
  I
• 10:56
  was
• 10:56
  one
• 10:57
  of
• 10:57
  those
• 10:57
  people
• 10:57
  that
• 10:57
  was
• 10:57
  on
• 10:57
  the
• 10:58
  fence.
• 10:58
  Oh,
• 10:58
  I
• 10:58
  can
• 10:58
  do
• 10:58
  this
• 10:58
  myself.
• 10:59
  I've
• 10:59
  got
• 10:59
  a
• 11:00
  MBA
• 11:00
  from
• 11:00
  the
• 11:01
  university.
• 11:01
  I
• 11:02
  can
• 11:02
  do
• 11:02
  this.
• 11:02
  I
• 11:02
  don't
• 11:02
  need
• 11:02
  an
• 11:03
  investment
• 11:03
  advisor.
• 11:04
  And
• 11:04
  I
• 11:04
  finally
• 11:05
  broke
• 11:05
  down.
• 11:05
  I
• 11:05
  went
• 11:05
  and
• 11:05
  met
• 11:06
  with
• 11:06
  somebody
• 11:06
  and
• 11:06
  he
• 11:06
  showed
• 11:07
  me
• 11:07
  all
• 11:07
  the
• 11:07
  things
• 11:07
  that
• 11:07
  I
• 11:07
  could
• 11:08
  do
• 11:08
  better.
• 11:08
  And
• 11:09
  since
• 11:09
  I
• 11:09
  switched
• 11:09
  to
• 11:10
  him,
• 11:10
  man,
• 11:10
  the
• 11:10
  things
• 11:11
  are
• 11:11
  looking
• 11:11
  better.
• 11:12
  Let's
• 11:12
  get
• 11:12
  right
• 11:12
  into
• 11:13
  our
• 11:13
  Bible
• 11:13
  verse
• 11:13
  today.
• 11:13
  I
• 11:14
  know
• 11:14
  I
• 11:14
  talked
• 11:14
  about
• 11:14
  a
• 11:14
  Bible
• 11:15
  verse
• 11:15
  early,
• 11:15
  but
• 11:16
  I
• 11:16
  want
• 11:16
  to
• 11:16
  go
• 11:16
  back
• 11:16
  to
• 11:16
  this
• 11:16
  one
• 11:16
  again
• 11:17
  because
• 11:17
  I
• 11:17
  really
• 11:17
  want
• 11:17
  to
• 11:17
  reinforce
• 11:18
  this.
• 11:18
  I
• 11:19
  want
• 11:19
  you
• 11:19
  to
• 11:19
  kind
• 11:19
  of
• 11:19
  paint
• 11:20
  this
• 11:20
  one
• 11:20
  in
• 11:20
  your
• 11:21
  whole
• 11:21
  investment
• 11:21
  strategy
• 11:22
  again.
• 11:22
  That's
• 11:22
  Proverbs
• 11:23
  15:22.
• 11:24
  Plans
• 11:25
  fail
• 11:25
  for
• 11:26
  lack
• 11:26
  of
• 11:26
  counsel,
• 11:27
  but
• 11:27
  with
• 11:27
  many
• 11:27
  advisors,
• 11:28
  they
• 11:28
  succeed.
• 11:29
  This
• 11:29
  is
• 11:29
  what
• 11:29
  we're
• 11:29
  talking
• 11:29
  about
• 11:29
  today.
• 11:30
  Build
• 11:31
  those
• 11:31
  plans,
• 11:32
  but
• 11:33
  find
• 11:33
  that
• 11:33
  counsel.
• 11:34
  And
• 11:34
  guess
• 11:34
  what?
• 11:34
  I've
• 11:35
  got
• 11:35
  another
• 11:35
  bonus
• 11:35
  verse
• 11:36
  today.
• 11:36
  This
• 11:36
  one
• 11:36
  comes
• 11:37
  from
• 11:37
  the
• 11:37
  book
• 11:37
  of
• 11:37
  James.
• 11:38
  This
• 11:38
  is
• 11:38
  from
• 11:39
  James,
• 11:39
  Chapter
• 11:39
  one,
• 11:40
  verse
• 11:40
  five.
• 11:41
  And
• 11:41
  we're
• 11:41
  going
• 11:41
  to
• 11:41
  reinforce
• 11:42
  it
• 11:42
  if
• 11:42
  Any
• 11:43
  of
• 11:43
  you
• 11:43
  lacks
• 11:43
  wisdom,
• 11:44
  you
• 11:44
  should
• 11:44
  ask
• 11:45
  God,
• 11:45
  who
• 11:46
  gives
• 11:46
  generously
• 11:47
  to
• 11:47
  all
• 11:47
  without
• 11:48
  finding
• 11:48
  fault,
• 11:49
  and
• 11:49
  it
• 11:49
  will
• 11:49
  be
• 11:49
  given
• 11:50
  to
• 11:50
  you.
• 11:51
  Those
• 11:51
  are
• 11:51
  really
• 11:52
  two
• 11:52
  things
• 11:52
  to
• 11:53
  really
• 11:53
  anchor
• 11:53
  your
• 11:54
  belief
• 11:54
  structure
• 11:55
  as
• 11:55
  it
• 11:55
  relates
• 11:55
  to
• 11:55
  investments.
• 11:56
  Go
• 11:56
  find
• 11:57
  that
• 11:57
  counsel
• 11:58
  if
• 11:58
  you
• 11:59
  lack
• 11:59
  wisdom.
• 11:59
  Listen,
• 12:00
  I
• 12:00
  don't
• 12:00
  expect
• 12:00
  you
• 12:00
  to
• 12:00
  be
• 12:01
  a
• 12:01
  financial
• 12:01
  guru.
• 12:02
  Listen,
• 12:02
  this
• 12:02
  is
• 12:02
  what
• 12:02
  I
• 12:02
  do
• 12:02
  for
• 12:03
  a
• 12:03
  living
• 12:03
  and
• 12:03
  I
• 12:04
  have
• 12:04
  a
• 12:04
  financial
• 12:04
  advisor.
• 12:06
  So
• 12:06
  I
• 12:06
  encourage
• 12:06
  you
• 12:06
  today,
• 12:06
  go
• 12:07
  do
• 12:07
  that.
• 12:07
  How
• 12:07
  about
• 12:07
  we
• 12:07
  pray
• 12:08
  together?
• 12:08
  Lord,
• 12:09
  we
• 12:09
  just
• 12:09
  thank
• 12:09
  you
• 12:10
  today
• 12:10
  for
• 12:10
  bringing
• 12:11
  us
• 12:11
  this
• 12:11
  message
• 12:12
  of
• 12:12
  hope
• 12:12
  and
• 12:12
  this
• 12:13
  message
• 12:13
  of
• 12:13
  understanding
• 12:14
  what
• 12:14
  this
• 12:15
  can
• 12:15
  look
• 12:15
  like
• 12:15
  in
• 12:15
  our
• 12:15
  lives.
• 12:16
  Lord,
• 12:16
  we
• 12:16
  ask
• 12:16
  you
• 12:16
  to
• 12:16
  give
• 12:16
  us
• 12:17
  discernment.
• 12:18
  Help
• 12:18
  us
• 12:18
  choose
• 12:19
  whether
• 12:19
  we
• 12:19
  need
• 12:20
  to
• 12:20
  seek
• 12:20
  a
• 12:20
  professional.
• 12:21
  And
• 12:21
  then
• 12:22
  if
• 12:22
  we
• 12:22
  decide
• 12:22
  that
• 12:22
  we're
• 12:22
  going
• 12:23
  to
• 12:23
  seek
• 12:23
  one,
• 12:23
  Lord,
• 12:23
  help
• 12:24
  us
• 12:24
  to
• 12:24
  find
• 12:24
  the
• 12:24
  right
• 12:24
  one.
• 12:25
  Lead
• 12:25
  us
• 12:25
  to
• 12:26
  somebody
• 12:26
  who's
• 12:26
  wise,
• 12:27
  Lead
• 12:27
  us
• 12:27
  to
• 12:28
  somebody
• 12:28
  who's
• 12:28
  trustworthy,
• 12:29
  and
• 12:29
  lead
• 12:30
  us
• 12:30
  to
• 12:30
  somebody
• 12:30
  that
• 12:30
  will
• 12:30
  share
• 12:31
  our
• 12:31
  values
• 12:32
  and
• 12:32
  help
• 12:32
  us
• 12:33
  build
• 12:33
  that
• 12:33
  kingdom
• 12:34
  impact.
• 12:35
  And
• 12:35
  we
• 12:35
  just
• 12:35
  thank
• 12:36
  you
• 12:36
  for
• 12:36
  giving
• 12:36
  us
• 12:36
  counsel
• 12:37
  through
• 12:37
  both
• 12:37
  your
• 12:37
  word
• 12:38
  and
• 12:38
  also
• 12:39
  through
• 12:39
  wise
• 12:39
  people
• 12:40
  that
• 12:40
  you've
• 12:41
  put
• 12:41
  in
• 12:41
  front
• 12:41
  of
• 12:41
  us.
• 12:41
  Lord,
• 12:41
  we
• 12:42
  just
• 12:42
  thank
• 12:42
  you
• 12:42
  in
• 12:42
  the
• 12:42
  name
• 12:42
  of
• 12:43
  Jesus.
• 12:44
  Amen.
• 12:45
  So
• 12:45
  here's
• 12:45
  my
• 12:45
  one
• 12:45
  action
• 12:46
  item
• 12:46
  for
• 12:46
  you
• 12:46
  today.
• 12:47
  If
• 12:47
  you've
• 12:47
  never
• 12:48
  spoken
• 12:48
  with
• 12:48
  a
• 12:48
  financial
• 12:49
  advisor,
• 12:49
  I'm
• 12:50
  going
• 12:50
  to
• 12:50
  encourage
• 12:50
  you.
• 12:50
  Schedule
• 12:51
  free
• 12:51
  consultation
• 12:52
  with
• 12:52
  somebody.
• 12:52
  You
• 12:52
  don't
• 12:53
  have
• 12:53
  to
• 12:53
  pay
• 12:53
  for
• 12:53
  this
• 12:53
  at
• 12:53
  all.
• 12:53
  Maybe
• 12:54
  they'll
• 12:54
  do
• 12:54
  a
• 12:54
  zoom
• 12:55
  call.
• 12:55
  They'll
• 12:55
  do
• 12:55
  a
• 12:55
  phone
• 12:55
  call.
• 12:56
  Go
• 12:56
  meet
• 12:56
  with
• 12:56
  them.
• 12:56
  Just
• 12:57
  schedule
• 12:57
  a
• 12:57
  call.
• 12:57
  Go
• 12:58
  sit
• 12:58
  down
• 12:58
  with
• 12:58
  them,
• 12:59
  get
• 12:59
  an
• 12:59
  idea
• 13:00
  of
• 13:00
  what
• 13:00
  they
• 13:00
  can
• 13:00
  do
• 13:00
  for
• 13:00
  you.
• 13:01
  If
• 13:01
  it's
• 13:01
  not
• 13:01
  the
• 13:01
  right
• 13:01
  fit,
• 13:02
  walk
• 13:02
  out
• 13:03
  the
• 13:03
  door
• 13:03
  and
• 13:03
  go
• 13:03
  meet
• 13:03
  with
• 13:03
  somebody
• 13:04
  else.
• 13:05
  Learn
• 13:05
  what
• 13:05
  they
• 13:05
  offer
• 13:06
  and
• 13:06
  whether
• 13:07
  it
• 13:07
  fits
• 13:07
  your
• 13:07
  needs.
• 13:08
  So
• 13:08
  let's
• 13:08
  recap
• 13:09
  for
• 13:09
  just
• 13:09
  a
• 13:09
  minute.
• 13:10
  Advisors
• 13:11
  provide
• 13:11
  expertise
• 13:12
  and
• 13:12
  accountability,
• 13:13
  but
• 13:13
  like
• 13:13
  I
• 13:13
  said,
• 13:14
  there's
• 13:14
  a
• 13:14
  cost
• 13:14
  for
• 13:15
  that.
• 13:16
  Not
• 13:16
  all
• 13:16
  advisors
• 13:17
  are
• 13:17
  equal.
• 13:17
  It's
• 13:18
  all
• 13:18
  about
• 13:18
  integrity
• 13:19
  and
• 13:19
  trust.
• 13:20
  Those
• 13:20
  things
• 13:20
  are
• 13:21
  essential.
• 13:22
  Like
• 13:22
  I
• 13:22
  said,
• 13:22
  do
• 13:22
  it
• 13:22
  yourself
• 13:23
  may
• 13:23
  be
• 13:23
  fine
• 13:23
  for
• 13:24
  simple
• 13:24
  cases,
• 13:24
  but.
• 13:25
  But
• 13:25
  wisdom
• 13:26
  multiplies
• 13:26
  with
• 13:26
  counsel.
• 13:27
  What's
• 13:28
  God
• 13:28
  calling
• 13:28
  us
• 13:28
  to
• 13:28
  do?
• 13:29
  He's
• 13:29
  calling
• 13:29
  us
• 13:29
  to
• 13:30
  seek
• 13:30
  wise
• 13:30
  guidance
• 13:31
  for
• 13:31
  your
• 13:31
  success.
• 13:33
  So
• 13:33
  my
• 13:33
  key
• 13:33
  takeaway
• 13:34
  today,
• 13:35
  seek
• 13:35
  wise
• 13:35
  counsel
• 13:36
  when
• 13:36
  needed.
• 13:37
  Not
• 13:37
  everyone
• 13:37
  requires
• 13:38
  an
• 13:38
  advisor.
• 13:38
  It's
• 13:39
  not
• 13:39
  some
• 13:39
  one
• 13:39
  size
• 13:39
  fits
• 13:40
  all.
• 13:40
  And
• 13:40
  the
• 13:41
  right
• 13:41
  choice
• 13:41
  balances
• 13:42
  your
• 13:42
  goals,
• 13:42
  complexity,
• 13:43
  and
• 13:43
  trust.
• 13:44
  Well,
• 13:44
  make
• 13:44
  sure
• 13:44
  you
• 13:44
  join
• 13:44
  me
• 13:44
  tomorrow.
• 13:45
  We're
• 13:45
  going
• 13:45
  to
• 13:46
  talk
• 13:46
  about
• 13:46
  understanding
• 13:46
  behavioral
• 13:47
  finance
• 13:48
  when
• 13:48
  emotions
• 13:49
  affect
• 13:49
  your
• 13:49
  investing.
• 13:49
  Because
• 13:50
  so
• 13:50
  many
• 13:50
  people
• 13:51
  make
• 13:51
  rash
• 13:52
  emotional
• 13:52
  decisions
• 13:53
  when
• 13:53
  it
• 13:54
  comes
• 13:54
  to
• 13:54
  investing.
• 13:54
  And
• 13:55
  guess
• 13:55
  what?
• 13:55
  Most
• 13:56
  of
• 13:56
  the
• 13:56
  time,
• 13:56
  they're
• 13:57
  the
• 13:57
  wrong
• 13:57
  decisions.
• 13:58
  Well,
• 13:58
  today
• 13:59
  I
• 13:59
  want
• 13:59
  to
• 13:59
  offer
• 13:59
  you
• 13:59
  something.
• 14:00
  I
• 14:00
  just
• 14:00
  finished
• 14:01
  penning
• 14:01
  my
• 14:01
  third
• 14:02
  book.
• 14:02
  The
• 14:02
  name
• 14:03
  of
• 14:03
  the
• 14:03
  book
• 14:03
  is
• 14:03
  called
• 14:03
  how
• 14:03
  to
• 14:04
  Become
• 14:04
  a
• 14:04
  Financially
• 14:04
  Confident
• 14:05
  Christian.
• 14:05
  And
• 14:06
  I
• 14:06
  would
• 14:06
  encourage
• 14:06
  you
• 14:06
  right
• 14:06
  now,
• 14:07
  you
• 14:07
  can
• 14:07
  get
• 14:07
  an
• 14:07
  absolutely
• 14:07
  free
• 14:08
  copy
• 14:08
  of
• 14:08
  this
• 14:08
  book.
• 14:08
  You
• 14:08
  can
• 14:09
  go
• 14:09
  right
• 14:09
  to
• 14:09
  this
• 14:09
  website
• 14:09
  and
• 14:10
  download
• 14:10
  it.
• 14:10
  I
• 14:11
  want
• 14:11
  you
• 14:11
  to
• 14:11
  share
• 14:11
  this
• 14:11
  book
• 14:12
  with
• 14:12
  friends,
• 14:12
  share
• 14:13
  it
• 14:13
  with
• 14:13
  family.
• 14:13
  Hey,
• 14:14
  maybe
• 14:14
  even
• 14:14
  share
• 14:14
  it
• 14:14
  with
• 14:15
  your
• 14:15
  church
• 14:15
  group.
• 14:15
  It's
• 14:16
  30
• 14:16
  years
• 14:17
  of
• 14:17
  me
• 14:17
  working
• 14:17
  with
• 14:17
  clients
• 14:18
  to
• 14:18
  help
• 14:18
  them
• 14:19
  build
• 14:19
  that
• 14:19
  financial
• 14:20
  confidence.
• 14:20
  You
• 14:21
  can
• 14:21
  get
• 14:21
  a
• 14:21
  copy
• 14:21
  right
• 14:21
  now,
• 14:22
  today,
• 14:22
  absolutely
• 14:22
  free
• 14:23
  by
• 14:23
  going
• 14:23
  to
• 14:24
  financiallyconfidentchristian.com
• 14:26
  becoming
• 14:27
  get
• 14:27
  your
• 14:28
  copy
• 14:28
  today.
• 14:28
  And
• 14:28
  guess
• 14:28
  what?
• 14:29
  Share
• 14:29
  that
• 14:29
  website
• 14:29
  with
• 14:30
  as
• 14:30
  many
• 14:30
  people
• 14:30
  as
• 14:31
  you
• 14:31
  know.
• 14:31
  I
• 14:31
  don't
• 14:31
  care.
• 14:31
  Send
• 14:31
  it
• 14:32
  to
• 14:32
  everybody.
• 14:32
  Again,
• 14:33
  that's
• 14:33
  financiallyconfidentchristian.com
• 14:36
  becoming
• 14:38
  in
• 14:38
  the
• 14:38
  end,
• 14:38
  the
• 14:38
  choice
• 14:39
  is
• 14:39
  yours.
• 14:40
  Whether
• 14:40
  you
• 14:40
  do
• 14:41
  it
• 14:41
  yourself
• 14:41
  or
• 14:41
  you
• 14:41
  choose
• 14:42
  an
• 14:42
  advisor.
• 14:42
  I'm
• 14:43
  not
• 14:43
  telling
• 14:43
  you
• 14:43
  they
• 14:43
  can't
• 14:43
  work.
• 14:43
  Both
• 14:44
  can
• 14:44
  work.
• 14:45
  What
• 14:45
  matters
• 14:46
  in
• 14:46
  the
• 14:46
  end
• 14:46
  is
• 14:46
  having
• 14:47
  a
• 14:47
  clear
• 14:47
  plan.
• 14:48
  Peace
• 14:49
  of
• 14:49
  mind
• 14:49
  will
• 14:50
  always
• 14:50
  beat
• 14:50
  guesswork.
• 14:51
  So
• 14:51
  today,
• 14:51
  go
• 14:52
  be
• 14:52
  that
• 14:52
  financially
• 14:53
  confident
• 14:53
  Christian.
• 14:54
  Stay
• 14:54
  financially
• 14:55
  savvy.
• 14:56
  God
• 14:56
  bless
• 14:56
  you.
• 14:56
  And
• 14:57
  you
• 14:57
  have
• 14:57
  a
• 14:57
  great
• 14:57
  day
• 14:58
  today.