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What’s the Best Way to Handle an Inheritance Without Stress? · Becoming Financially Confident

• 0:37
  What
• 0:37
  do
• 0:37
  you
• 0:38
  do
• 0:38
  when
• 0:38
  grief
• 0:38
  comes
• 0:39
  with
• 0:39
  a
• 0:39
  life
• 0:39
  changing
• 0:40
  amount
• 0:40
  of
• 0:40
  money?
• 0:41
  In
• 0:42
  today's
• 0:42
  episode,
• 0:42
  I
• 0:43
  talk
• 0:43
  with
• 0:43
  someone
• 0:43
  who's
• 0:44
  just
• 0:44
  inherited
• 0:44
  more
• 0:44
  than
• 0:45
  $300,000
• 0:46
  after
• 0:46
  losing
• 0:47
  their
• 0:47
  mom
• 0:48
  and
• 0:48
  they
• 0:49
  don't
• 0:49
  want
• 0:49
  to
• 0:49
  waste
• 0:49
  it.
• 0:50
  They
• 0:50
  don't
• 0:50
  want
• 0:50
  to
• 0:51
  touch
• 0:51
  it
• 0:51
  too
• 0:51
  soon,
• 0:52
  and
• 0:52
  they
• 0:52
  definitely
• 0:52
  don't
• 0:53
  want
• 0:53
  to
• 0:53
  make
• 0:53
  the
• 0:53
  wrong
• 0:54
  move.
• 0:54
  They've
• 0:55
  got
• 0:55
  debt
• 0:55
  to
• 0:55
  clean
• 0:56
  up,
• 0:56
  a
• 0:56
  property
• 0:57
  still
• 0:57
  being
• 0:57
  sorted
• 0:57
  out.
• 0:58
  And
• 0:58
  a
• 0:58
  big
• 0:58
  question
• 0:59
  for
• 0:59
  me,
• 1:00
  how
• 1:00
  do
• 1:00
  you
• 1:01
  honor
• 1:01
  the
• 1:01
  gift
• 1:02
  and
• 1:02
  handle
• 1:03
  it
• 1:03
  wisely?
• 1:04
  We're
• 1:04
  going
• 1:04
  to
• 1:04
  break
• 1:05
  that
• 1:05
  down
• 1:05
  on
• 1:05
  today's
• 1:05
  show.
• 1:26
  Hello,
• 1:26
  friend.
• 1:26
  Ralph
• 1:27
  Estep
• 1:27
  Jr.
• 1:28
  Here.
• 1:28
  Welcome
• 1:29
  to
• 1:29
  Financially
• 1:29
  Confident
• 1:30
  Christian.
• 1:30
  I'm
• 1:31
  so
• 1:31
  glad
• 1:31
  you
• 1:31
  chose
• 1:32
  to
• 1:32
  join
• 1:32
  me
• 1:32
  today.
• 1:34
  Every
• 1:34
  day
• 1:34
  on
• 1:34
  the
• 1:34
  show,
• 1:34
  my
• 1:35
  goal
• 1:35
  is
• 1:35
  to
• 1:35
  help
• 1:35
  you
• 1:36
  break
• 1:36
  that
• 1:36
  cycle
• 1:37
  of
• 1:37
  financial
• 1:37
  shame
• 1:38
  and
• 1:38
  make
• 1:39
  confident
• 1:39
  decisions
• 1:40
  with
• 1:40
  your
• 1:40
  money.
• 1:41
  And
• 1:42
  today's
• 1:42
  topic
• 1:42
  is
• 1:43
  one
• 1:43
  of
• 1:43
  those
• 1:43
  difficult
• 1:44
  situations
• 1:44
  that
• 1:45
  unfortunately
• 1:46
  a
• 1:46
  lot
• 1:46
  of
• 1:46
  us
• 1:47
  are
• 1:47
  going
• 1:47
  to
• 1:47
  go
• 1:47
  through,
• 1:48
  and
• 1:48
  that's
• 1:49
  how
• 1:49
  to
• 1:49
  handle
• 1:49
  an
• 1:50
  inheritance
• 1:50
  without
• 1:51
  feeling
• 1:51
  lost.
• 1:52
  And
• 1:52
  we
• 1:53
  got
• 1:53
  this
• 1:53
  voicemail
• 1:54
  question
• 1:54
  from
• 1:54
  one
• 1:54
  of
• 1:55
  our
• 1:55
  listeners.
• 1:56
  Hi,
• 1:56
  Ralph.
• 1:57
  I've
• 1:57
  been
• 1:57
  listening
• 1:58
  to
• 1:58
  the
• 1:58
  show
• 1:58
  for
• 1:58
  a
• 1:59
  while
• 1:59
  now
• 1:59
  and
• 1:59
  I
• 1:59
  finally
• 2:00
  decided
• 2:00
  to
• 2:00
  reach
• 2:01
  out.
• 2:02
  My
• 2:02
  mom
• 2:03
  passed
• 2:03
  away
• 2:03
  earlier
• 2:04
  this
• 2:04
  year
• 2:04
  after
• 2:05
  a
• 2:05
  long
• 2:05
  season
• 2:05
  of
• 2:06
  caregiving
• 2:06
  and
• 2:07
  my
• 2:07
  sibling
• 2:07
  and
• 2:07
  I
• 2:08
  were
• 2:08
  there
• 2:08
  through
• 2:08
  it
• 2:08
  all.
• 2:10
  She
• 2:10
  left
• 2:10
  us
• 2:10
  money.
• 2:11
  And
• 2:11
  now
• 2:11
  I'm
• 2:12
  receiving
• 2:12
  about
• 2:12
  $311,000
• 2:14
  or
• 2:15
  could
• 2:15
  even
• 2:15
  be
• 2:15
  more.
• 2:16
  Between
• 2:16
  life
• 2:16
  insurance
• 2:17
  accounts
• 2:18
  and
• 2:18
  a
• 2:18
  property
• 2:19
  we're
• 2:19
  still
• 2:19
  sorting
• 2:19
  out,
• 2:21
  I
• 2:21
  also
• 2:21
  have
• 2:21
  about
• 2:22
  $19,000
• 2:23
  in
• 2:23
  debt
• 2:23
  and
• 2:24
  I
• 2:24
  want
• 2:24
  to
• 2:24
  pay
• 2:24
  that
• 2:24
  off
• 2:25
  right
• 2:25
  away.
• 2:26
  After
• 2:27
  that,
• 2:27
  I,
• 2:27
  I'd
• 2:27
  have
• 2:28
  around
• 2:28
  $286,000
• 2:30
  left.
• 2:31
  I
• 2:31
  don't
• 2:31
  want
• 2:32
  to
• 2:32
  waste
• 2:32
  this.
• 2:33
  I
• 2:33
  don't
• 2:33
  want
• 2:33
  to
• 2:33
  touch
• 2:34
  it
• 2:34
  unless
• 2:34
  I
• 2:34
  absolutely
• 2:35
  have
• 2:35
  to.
• 2:36
  I'm
• 2:37
  just
• 2:37
  feeling
• 2:37
  a
• 2:37
  little
• 2:37
  lost
• 2:38
  with
• 2:38
  what
• 2:38
  to
• 2:38
  do
• 2:38
  next.
• 2:39
  Where
• 2:40
  should
• 2:40
  I
• 2:40
  put
• 2:40
  it?
• 2:41
  How
• 2:41
  should
• 2:41
  I
• 2:41
  structure
• 2:42
  it?
• 2:43
  What's
• 2:43
  actually
• 2:43
  wise
• 2:44
  here?
• 2:46
  This
• 2:46
  one
• 2:47
  hits
• 2:47
  close
• 2:47
  to
• 2:47
  home
• 2:47
  for
• 2:48
  me.
• 2:48
  Lost
• 2:49
  my
• 2:49
  mother,
• 2:49
  it's
• 2:49
  been
• 2:50
  over
• 2:50
  three
• 2:50
  years
• 2:51
  now,
• 2:51
  and
• 2:51
  I
• 2:51
  found
• 2:52
  myself
• 2:52
  in
• 2:52
  this
• 2:52
  very
• 2:53
  situation.
• 2:54
  So
• 2:54
  before
• 2:55
  we
• 2:55
  even
• 2:55
  talk
• 2:55
  about
• 2:56
  money,
• 2:56
  I
• 2:56
  want
• 2:56
  to
• 2:56
  acknowledge
• 2:57
  something.
• 2:58
  You've
• 2:59
  been
• 2:59
  through
• 2:59
  a
• 2:59
  really
• 3:00
  hard
• 3:01
  season.
• 3:02
  The
• 3:02
  caregiving
• 3:03
  side
• 3:03
  of
• 3:03
  that,
• 3:04
  the
• 3:04
  loss
• 3:05
  of
• 3:05
  that
• 3:05
  and
• 3:05
  that
• 3:06
  grief.
• 3:07
  And
• 3:08
  that's
• 3:08
  a
• 3:08
  lot
• 3:08
  for
• 3:08
  any
• 3:09
  of
• 3:09
  us
• 3:09
  to
• 3:09
  deal
• 3:09
  with.
• 3:10
  And
• 3:11
  now
• 3:11
  you're
• 3:11
  being
• 3:11
  handed
• 3:12
  responsibility
• 3:12
  on
• 3:13
  the
• 3:13
  other
• 3:13
  side
• 3:14
  of
• 3:14
  that.
• 3:15
  So
• 3:15
  you
• 3:16
  feel
• 3:16
  an
• 3:16
  overwhelmed
• 3:17
  friend.
• 3:17
  That
• 3:17
  makes
• 3:17
  a
• 3:18
  lot
• 3:18
  of
• 3:18
  sense
• 3:18
  to
• 3:18
  me.
• 3:20
  But
• 3:20
  here's
• 3:20
  the
• 3:20
  thing.
• 3:21
  I
• 3:21
  want
• 3:21
  to
• 3:21
  encourage
• 3:21
  you
• 3:22
  right
• 3:22
  off
• 3:22
  the
• 3:22
  bat.
• 3:23
  Handling
• 3:24
  an
• 3:24
  inheritance
• 3:24
  wisely
• 3:25
  starts
• 3:25
  with
• 3:26
  slowing
• 3:26
  down
• 3:26
  a
• 3:26
  little
• 3:27
  bit.
• 3:28
  You've
• 3:28
  been
• 3:28
  through
• 3:28
  a
• 3:29
  season
• 3:29
  where
• 3:29
  there's
• 3:29
  been
• 3:30
  a
• 3:30
  Lot
• 3:30
  of
• 3:30
  change.
• 3:30
  You've
• 3:31
  been
• 3:31
  through
• 3:31
  tough
• 3:31
  times
• 3:32
  here.
• 3:33
  This
• 3:33
  is
• 3:33
  not
• 3:33
  a
• 3:34
  time
• 3:34
  to
• 3:34
  rush
• 3:34
  into
• 3:34
  any
• 3:35
  decisions.
• 3:35
  But
• 3:35
  I
• 3:36
  want
• 3:36
  to
• 3:36
  give
• 3:36
  you
• 3:36
  some
• 3:36
  ideas
• 3:37
  of
• 3:37
  how
• 3:37
  to
• 3:38
  make
• 3:38
  the
• 3:38
  best
• 3:38
  decision
• 3:39
  for
• 3:39
  you.
• 3:40
  First
• 3:40
  thing
• 3:40
  I
• 3:41
  want
• 3:41
  to
• 3:41
  encourage
• 3:41
  you
• 3:41
  to
• 3:41
  do
• 3:42
  is
• 3:42
  give
• 3:42
  yourself
• 3:43
  some
• 3:43
  space
• 3:44
  before
• 3:44
  making
• 3:45
  any
• 3:45
  major
• 3:45
  moves.
• 3:47
  Your
• 3:47
  mother
• 3:48
  passed
• 3:48
  away.
• 3:49
  That's
• 3:50
  a
• 3:50
  tragedy.
• 3:51
  But
• 3:51
  the
• 3:51
  situation
• 3:52
  you're
• 3:52
  in
• 3:52
  right
• 3:52
  now
• 3:53
  is
• 3:53
  not
• 3:53
  urgent.
• 3:54
  Now,
• 3:54
  it
• 3:54
  might
• 3:55
  feel
• 3:55
  urgent
• 3:55
  because
• 3:55
  you're
• 3:56
  getting
• 3:56
  a
• 3:56
  call
• 3:56
  from
• 3:56
  this
• 3:57
  broker.
• 3:57
  You've
• 3:57
  got
• 3:58
  to
• 3:58
  sell
• 3:58
  the
• 3:58
  house.
• 3:58
  You
• 3:58
  got
• 3:59
  a
• 3:59
  lot
• 3:59
  of
• 3:59
  moving
• 3:59
  pieces,
• 4:01
  but
• 4:01
  you
• 4:01
  don't
• 4:02
  have
• 4:02
  to
• 4:02
  do
• 4:02
  anything
• 4:03
  right
• 4:03
  away.
• 4:04
  You
• 4:04
  don't
• 4:04
  have
• 4:04
  to
• 4:04
  invest
• 4:05
  everything
• 4:05
  immediately.
• 4:06
  You
• 4:07
  don't
• 4:07
  have
• 4:07
  to
• 4:07
  optimize
• 4:08
  everything
• 4:08
  right
• 4:09
  away.
• 4:09
  And
• 4:09
  you
• 4:10
  certainly
• 4:10
  don't
• 4:10
  have
• 4:10
  to
• 4:10
  have
• 4:11
  a
• 4:11
  perfect
• 4:11
  plan
• 4:11
  this
• 4:12
  week,
• 4:12
  this
• 4:12
  month,
• 4:13
  or
• 4:13
  even
• 4:13
  this
• 4:13
  year.
• 4:15
  You
• 4:15
  really
• 4:15
  need
• 4:15
  some
• 4:16
  space
• 4:16
  to
• 4:16
  think
• 4:17
  clearly.
• 4:18
  But
• 4:18
  let's
• 4:18
  get
• 4:19
  into
• 4:19
  some
• 4:19
  specifics.
• 4:20
  You
• 4:21
  mentioned
• 4:21
  this
• 4:21
  high
• 4:21
  interest
• 4:22
  debt.
• 4:23
  Paying
• 4:23
  that
• 4:23
  off
• 4:23
  is
• 4:24
  a
• 4:24
  very
• 4:24
  good
• 4:25
  choice.
• 4:25
  So
• 4:26
  let's
• 4:26
  simplify
• 4:26
  that
• 4:26
  one
• 4:27
  part.
• 4:27
  That
• 4:28
  $19,000
• 4:29
  of
• 4:29
  debt
• 4:29
  clearing,
• 4:30
  that
• 4:30
  is
• 4:30
  a
• 4:30
  brilliant
• 4:31
  move.
• 4:31
  It's
• 4:32
  going
• 4:32
  to
• 4:32
  reduce
• 4:32
  your
• 4:32
  stress,
• 4:33
  it's
• 4:33
  going
• 4:33
  to
• 4:33
  improve
• 4:34
  your
• 4:34
  cash
• 4:34
  flow,
• 4:35
  and
• 4:35
  it
• 4:35
  creates
• 4:36
  a
• 4:36
  clean
• 4:36
  foundation.
• 4:38
  That,
• 4:38
  my
• 4:38
  friend,
• 4:38
  is
• 4:38
  not
• 4:39
  wasting
• 4:39
  the
• 4:39
  inheritance.
• 4:40
  That's
• 4:40
  actually
• 4:41
  strengthening
• 4:42
  your
• 4:42
  position.
• 4:42
  So
• 4:42
  you've
• 4:42
  already
• 4:43
  got
• 4:43
  one
• 4:43
  move
• 4:43
  that
• 4:44
  you
• 4:44
  can
• 4:44
  do
• 4:44
  right
• 4:44
  away.
• 4:45
  That,
• 4:45
  that
• 4:45
  I
• 4:45
  would
• 4:46
  say
• 4:46
  is
• 4:46
  a
• 4:46
  fantastic
• 4:47
  thing.
• 4:48
  The
• 4:48
  next
• 4:48
  thing
• 4:48
  I
• 4:48
  want
• 4:49
  to
• 4:49
  encourage
• 4:49
  you
• 4:49
  to
• 4:49
  do
• 4:50
  is
• 4:50
  to
• 4:50
  project,
• 4:51
  protect
• 4:52
  the
• 4:52
  majority
• 4:52
  of
• 4:52
  the
• 4:53
  money
• 4:53
  before
• 4:53
  trying
• 4:54
  to
• 4:54
  grow
• 4:54
  it.
• 4:55
  You
• 4:55
  said
• 4:55
  something
• 4:55
  important.
• 4:56
  You
• 4:56
  said,
• 4:56
  ralph,
• 4:56
  I
• 4:57
  don't
• 4:57
  want
• 4:57
  to
• 4:57
  touch
• 4:57
  this
• 4:58
  unless
• 4:58
  I
• 4:58
  have
• 4:58
  to.
• 4:59
  And
• 5:00
  I
• 5:00
  think
• 5:00
  that
• 5:00
  is
• 5:01
  a
• 5:01
  wisdom
• 5:02
  and
• 5:02
  a
• 5:02
  brilliant
• 5:02
  idea.
• 5:04
  So
• 5:04
  start
• 5:04
  off
• 5:05
  with
• 5:05
  the
• 5:05
  end
• 5:05
  of
• 5:06
  protection
• 5:06
  in
• 5:06
  mind.
• 5:07
  This
• 5:08
  is
• 5:08
  not
• 5:08
  the
• 5:08
  time
• 5:08
  to
• 5:08
  go
• 5:08
  to
• 5:09
  the
• 5:09
  casino,
• 5:09
  put
• 5:10
  it
• 5:10
  all
• 5:10
  on
• 5:10
  black
• 5:10
  and
• 5:11
  let
• 5:11
  the
• 5:11
  little
• 5:11
  ball
• 5:11
  spin
• 5:12
  around.
• 5:12
  And
• 5:12
  I
• 5:13
  know
• 5:13
  you're
• 5:13
  not
• 5:13
  going
• 5:13
  to
• 5:13
  do
• 5:13
  that.
• 5:13
  I'm
• 5:14
  just
• 5:14
  being
• 5:14
  a
• 5:14
  little
• 5:14
  bit
• 5:14
  funny
• 5:15
  here.
• 5:15
  But
• 5:16
  start
• 5:16
  by
• 5:16
  protecting
• 5:17
  the
• 5:17
  money.
• 5:18
  My
• 5:18
  suspicion
• 5:18
  is
• 5:19
  you
• 5:19
  realize
• 5:20
  how
• 5:20
  difficult
• 5:21
  it
• 5:21
  was
• 5:21
  for
• 5:21
  your
• 5:21
  mom
• 5:22
  to
• 5:22
  accumulate
• 5:23
  this.
• 5:24
  I
• 5:24
  felt
• 5:24
  this
• 5:24
  very
• 5:24
  same
• 5:25
  way
• 5:25
  when
• 5:25
  my
• 5:25
  mother
• 5:25
  passed
• 5:26
  away.
• 5:26
  I
• 5:26
  was
• 5:26
  actually
• 5:27
  kind
• 5:27
  of
• 5:27
  surprised
• 5:28
  at
• 5:28
  what
• 5:29
  I
• 5:29
  received.
• 5:30
  My
• 5:30
  mother
• 5:30
  was
• 5:30
  always
• 5:31
  one
• 5:31
  of
• 5:31
  these
• 5:31
  people.
• 5:31
  And
• 5:31
  if
• 5:32
  you've
• 5:32
  listened
• 5:32
  to
• 5:32
  the
• 5:32
  show,
• 5:32
  I've
• 5:32
  talked
• 5:33
  about
• 5:33
  my
• 5:33
  mom
• 5:33
  all
• 5:33
  the
• 5:33
  time.
• 5:33
  She's
• 5:34
  very
• 5:34
  important
• 5:34
  in
• 5:34
  my
• 5:34
  life,
• 5:35
  but
• 5:35
  she's
• 5:35
  one
• 5:35
  of
• 5:35
  these
• 5:36
  people
• 5:36
  who
• 5:36
  always
• 5:36
  scrimped
• 5:37
  and
• 5:37
  saved.
• 5:37
  And
• 5:37
  when
• 5:38
  I
• 5:38
  found
• 5:38
  out
• 5:39
  what
• 5:39
  she
• 5:39
  left
• 5:39
  me,
• 5:39
  I
• 5:40
  was
• 5:40
  almost
• 5:40
  shocked.
• 5:42
  So
• 5:42
  for
• 5:42
  me,
• 5:42
  it
• 5:43
  was
• 5:43
  about
• 5:43
  protecting
• 5:44
  that.
• 5:44
  And
• 5:45
  I
• 5:45
  want
• 5:45
  to
• 5:45
  encourage
• 5:45
  you
• 5:45
  to
• 5:46
  do
• 5:46
  the
• 5:46
  same
• 5:46
  thing.
• 5:46
  Maybe
• 5:47
  a
• 5:47
  high
• 5:47
  yield
• 5:48
  savings
• 5:48
  account
• 5:48
  to
• 5:48
  just
• 5:49
  park
• 5:49
  that
• 5:49
  money
• 5:49
  as
• 5:49
  you're
• 5:50
  starting
• 5:50
  to
• 5:50
  get
• 5:50
  some
• 5:50
  of
• 5:50
  these
• 5:51
  things,
• 5:51
  just
• 5:51
  park
• 5:51
  it
• 5:51
  there.
• 5:52
  Or
• 5:52
  a
• 5:52
  money
• 5:53
  market
• 5:53
  account.
• 5:54
  One
• 5:54
  of
• 5:54
  the
• 5:54
  things
• 5:54
  that
• 5:55
  I'm
• 5:55
  going
• 5:55
  to
• 5:55
  encourage
• 5:55
  you
• 5:55
  to
• 5:56
  do
• 5:56
  because
• 5:56
  I
• 5:56
  feel
• 5:57
  like
• 5:57
  there's
• 5:57
  a
• 5:57
  part
• 5:58
  of
• 5:58
  this.
• 5:58
  You
• 5:58
  want
• 5:58
  to
• 5:58
  make
• 5:58
  sure
• 5:59
  this
• 5:59
  money
• 5:59
  stays
• 5:59
  separate.
• 6:00
  So
• 6:01
  maybe
• 6:01
  you
• 6:01
  create
• 6:01
  a
• 6:01
  separate
• 6:02
  account
• 6:02
  like
• 6:02
  mom's
• 6:03
  money
• 6:03
  or
• 6:03
  my
• 6:03
  inheritance
• 6:04
  money.
• 6:05
  Don't
• 6:05
  focus
• 6:06
  so
• 6:06
  much
• 6:06
  right
• 6:06
  now
• 6:07
  on
• 6:07
  trying
• 6:07
  to
• 6:07
  maximize
• 6:08
  it.
• 6:09
  Just
• 6:09
  try
• 6:09
  to
• 6:09
  stabilize
• 6:10
  it.
• 6:10
  I
• 6:10
  think
• 6:10
  that's
• 6:10
  really
• 6:11
  going
• 6:11
  to
• 6:11
  help
• 6:11
  you.
• 6:12
  Which
• 6:12
  leads
• 6:12
  me
• 6:13
  to
• 6:13
  this.
• 6:14
  Avoid
• 6:14
  any
• 6:15
  emotional
• 6:15
  or
• 6:16
  rust
• 6:16
  spending
• 6:17
  decisions.
• 6:18
  Let's
• 6:19
  talk
• 6:19
  about
• 6:19
  some
• 6:19
  smaller
• 6:20
  decisions
• 6:20
  too.
• 6:21
  So
• 6:22
  many
• 6:22
  of
• 6:22
  us,
• 6:22
  you've
• 6:22
  been
• 6:23
  through
• 6:23
  a
• 6:23
  season
• 6:23
  of
• 6:23
  grief.
• 6:25
  You
• 6:25
  feel
• 6:25
  probably
• 6:26
  broken.
• 6:26
  You
• 6:27
  feel
• 6:27
  like
• 6:27
  a
• 6:27
  level
• 6:27
  of
• 6:28
  despair.
• 6:29
  And
• 6:29
  you
• 6:29
  might
• 6:29
  be
• 6:29
  thinking,
• 6:30
  maybe
• 6:31
  I'll
• 6:31
  go
• 6:31
  buy
• 6:31
  some
• 6:31
  jewelry
• 6:32
  or
• 6:32
  some
• 6:32
  gifts
• 6:33
  or
• 6:33
  some
• 6:33
  things
• 6:34
  around
• 6:34
  the
• 6:34
  house.
• 6:34
  And
• 6:35
  none
• 6:35
  of
• 6:35
  those
• 6:36
  things
• 6:36
  are
• 6:36
  wrong.
• 6:36
  When
• 6:37
  my
• 6:37
  mother
• 6:37
  passed
• 6:37
  away,
• 6:38
  I
• 6:38
  actually
• 6:38
  went
• 6:38
  out
• 6:38
  and
• 6:39
  bought
• 6:39
  a
• 6:39
  new
• 6:39
  vehicle.
• 6:40
  I
• 6:40
  put
• 6:40
  a
• 6:40
  down.
• 6:40
  I
• 6:41
  used
• 6:41
  some
• 6:41
  of
• 6:41
  my
• 6:41
  mother's
• 6:41
  money
• 6:42
  she
• 6:42
  gave
• 6:42
  me
• 6:42
  for
• 6:42
  a
• 6:42
  down
• 6:42
  payment.
• 6:44
  But
• 6:44
  I
• 6:44
  also
• 6:44
  think
• 6:45
  back
• 6:45
  now
• 6:45
  and
• 6:45
  that's
• 6:46
  been
• 6:46
  a
• 6:46
  couple
• 6:46
  years
• 6:46
  ago.
• 6:46
  Like
• 6:47
  I
• 6:47
  said,
• 6:47
  it's
• 6:47
  been
• 6:47
  over
• 6:47
  three
• 6:47
  years
• 6:48
  now.
• 6:48
  Some
• 6:49
  of
• 6:49
  what
• 6:49
  was
• 6:49
  operating
• 6:50
  in
• 6:50
  that
• 6:50
  was
• 6:50
  emotional.
• 6:52
  So
• 6:52
  I'm
• 6:52
  going
• 6:52
  to
• 6:52
  encourage
• 6:53
  you
• 6:53
  to
• 6:53
  set
• 6:53
  some
• 6:53
  boundaries
• 6:54
  for
• 6:54
  yourself.
• 6:55
  Maybe
• 6:55
  you
• 6:56
  set
• 6:56
  a
• 6:56
  small
• 6:56
  intentional
• 6:57
  amount
• 6:57
  that
• 6:57
  here's
• 6:57
  what
• 6:58
  I'm
• 6:58
  going
• 6:58
  to
• 6:58
  spend,
• 6:58
  sort
• 6:58
  of
• 6:58
  like
• 6:59
  my
• 6:59
  fun
• 6:59
  money.
• 7:00
  But
• 7:00
  avoid
• 7:01
  letting
• 7:01
  that
• 7:01
  spending
• 7:02
  expand
• 7:03
  emotionally.
• 7:04
  Keep
• 7:05
  the
• 7:05
  majority
• 7:05
  untouched.
• 7:06
  And
• 7:06
  I
• 7:06
  think
• 7:06
  that's
• 7:06
  what
• 7:06
  you're
• 7:06
  going
• 7:07
  to
• 7:07
  end
• 7:07
  up
• 7:07
  doing.
• 7:07
  Because
• 7:08
  this
• 7:08
  money
• 7:08
  carries
• 7:09
  meaning
• 7:09
  for
• 7:09
  you.
• 7:10
  It
• 7:10
  carried
• 7:11
  meaning
• 7:11
  for
• 7:11
  me.
• 7:12
  It
• 7:12
  wasn't
• 7:13
  just
• 7:13
  what's
• 7:13
  in
• 7:13
  the
• 7:13
  dollar
• 7:14
  amount.
• 7:14
  It
• 7:14
  wasn't
• 7:14
  just
• 7:14
  the
• 7:15
  value.
• 7:15
  There's
• 7:15
  meaning
• 7:16
  behind
• 7:16
  that.
• 7:17
  Which
• 7:18
  leads
• 7:18
  me
• 7:18
  to
• 7:18
  the
• 7:18
  final
• 7:19
  thing
• 7:19
  here.
• 7:20
  I'm
• 7:20
  going
• 7:20
  to
• 7:20
  encourage
• 7:20
  you
• 7:21
  to
• 7:21
  build
• 7:21
  a
• 7:21
  simple
• 7:22
  plan
• 7:22
  in
• 7:22
  phases.
• 7:23
  You
• 7:24
  don't
• 7:24
  need
• 7:24
  one
• 7:24
  big
• 7:25
  decision,
• 7:26
  you
• 7:26
  just
• 7:26
  need
• 7:26
  a
• 7:26
  few
• 7:27
  phases.
• 7:27
  Here's
• 7:27
  what
• 7:27
  I'm
• 7:27
  going
• 7:28
  to
• 7:28
  recommend.
• 7:28
  Phase
• 7:29
  one,
• 7:29
  we've
• 7:29
  already
• 7:29
  kind
• 7:30
  of
• 7:30
  talked
• 7:30
  about
• 7:30
  this.
• 7:31
  Pay
• 7:31
  off
• 7:31
  that
• 7:32
  debt
• 7:32
  and
• 7:32
  park
• 7:33
  that
• 7:33
  money
• 7:33
  safely.
• 7:34
  Whether
• 7:34
  that
• 7:34
  be
• 7:34
  in
• 7:34
  a
• 7:35
  cd,
• 7:36
  in
• 7:36
  a
• 7:36
  money
• 7:36
  market
• 7:36
  account,
• 7:37
  a
• 7:37
  high
• 7:37
  yield
• 7:38
  savings
• 7:38
  account.
• 7:38
  Just
• 7:39
  park
• 7:39
  it
• 7:39
  there
• 7:39
  and
• 7:40
  let
• 7:40
  it
• 7:40
  stew
• 7:40
  a
• 7:40
  little
• 7:40
  bit.
• 7:41
  It's
• 7:41
  going
• 7:41
  to
• 7:41
  grow.
• 7:41
  Interest
• 7:42
  is
• 7:42
  going
• 7:42
  to
• 7:42
  be
• 7:42
  safe,
• 7:43
  and
• 7:43
  then
• 7:43
  you
• 7:43
  can
• 7:44
  move
• 7:44
  into
• 7:44
  phase
• 7:44
  two.
• 7:45
  In
• 7:45
  phase
• 7:46
  two,
• 7:46
  this
• 7:46
  is
• 7:46
  a
• 7:47
  time
• 7:47
  to
• 7:47
  evaluate
• 7:48
  your
• 7:48
  goals.
• 7:49
  I
• 7:49
  don't
• 7:50
  know
• 7:50
  what
• 7:50
  your
• 7:50
  situation
• 7:50
  is.
• 7:51
  I
• 7:51
  don't
• 7:51
  know
• 7:51
  if
• 7:51
  this
• 7:51
  is
• 7:52
  going
• 7:52
  to
• 7:52
  be
• 7:52
  a
• 7:52
  situation
• 7:53
  where
• 7:53
  you
• 7:53
  go
• 7:53
  buy
• 7:54
  a
• 7:54
  home.
• 7:54
  Maybe
• 7:55
  you
• 7:55
  and
• 7:55
  your
• 7:55
  mother
• 7:55
  had
• 7:56
  talked
• 7:56
  about
• 7:56
  doing
• 7:56
  something
• 7:57
  with
• 7:57
  this
• 7:57
  money.
• 7:58
  But
• 7:58
  phase
• 7:59
  two
• 7:59
  is
• 7:59
  to
• 7:59
  evaluate
• 8:00
  those
• 8:00
  goals
• 8:01
  and
• 8:01
  consider
• 8:01
  the
• 8:02
  long
• 8:02
  term
• 8:02
  structure
• 8:03
  here.
• 8:04
  You
• 8:04
  don't
• 8:04
  have
• 8:04
  to
• 8:04
  decide
• 8:05
  all
• 8:05
  of
• 8:05
  this
• 8:05
  today.
• 8:06
  And
• 8:06
  then
• 8:07
  phase
• 8:07
  three,
• 8:07
  once
• 8:07
  you've
• 8:08
  figured
• 8:08
  out
• 8:08
  those
• 8:08
  goals
• 8:09
  and
• 8:09
  you
• 8:09
  know
• 8:09
  that
• 8:09
  long
• 8:10
  term
• 8:10
  structure,
• 8:11
  then
• 8:11
  begin
• 8:11
  investing
• 8:12
  with
• 8:12
  intention
• 8:13
  for
• 8:13
  that.
• 8:14
  This
• 8:14
  clarity
• 8:14
  that
• 8:15
  you
• 8:15
  need
• 8:15
  is
• 8:15
  going
• 8:15
  to
• 8:16
  come
• 8:16
  step
• 8:16
  by
• 8:16
  step,
• 8:16
  not
• 8:17
  all
• 8:17
  at
• 8:17
  once.
• 8:18
  But
• 8:18
  now
• 8:19
  I
• 8:19
  want
• 8:19
  to
• 8:19
  take
• 8:19
  this
• 8:19
  a
• 8:19
  little
• 8:19
  deeper
• 8:20
  because
• 8:21
  this
• 8:21
  money
• 8:21
  is
• 8:22
  definitely
• 8:22
  connected
• 8:23
  with
• 8:23
  something
• 8:23
  emotional.
• 8:25
  It
• 8:25
  came
• 8:25
  through
• 8:26
  loss
• 8:27
  and
• 8:27
  I
• 8:28
  can't
• 8:28
  understand
• 8:28
  that.
• 8:28
  And
• 8:29
  I
• 8:29
  hope
• 8:29
  you're
• 8:29
  hearing
• 8:29
  me.
• 8:30
  I
• 8:30
  am
• 8:30
  so
• 8:30
  sorry
• 8:30
  for
• 8:31
  your
• 8:31
  loss.
• 8:32
  That's
• 8:33
  a
• 8:33
  hard
• 8:33
  season.
• 8:34
  Like
• 8:34
  I
• 8:34
  said,
• 8:35
  I
• 8:35
  went
• 8:35
  through
• 8:35
  this
• 8:35
  a
• 8:35
  few
• 8:36
  years
• 8:36
  ago
• 8:36
  when
• 8:36
  I
• 8:36
  lost
• 8:36
  my
• 8:37
  mom.
• 8:38
  There
• 8:38
  were
• 8:38
  so
• 8:39
  many
• 8:39
  competing
• 8:39
  emotions
• 8:40
  and
• 8:41
  honestly
• 8:41
  it
• 8:41
  was
• 8:41
  overwhelming.
• 8:43
  And
• 8:43
  with
• 8:43
  the
• 8:43
  money
• 8:43
  she
• 8:44
  left
• 8:44
  me,
• 8:44
  I
• 8:44
  wanted
• 8:44
  to
• 8:44
  honor
• 8:45
  her.
• 8:46
  And
• 8:46
  that
• 8:46
  made
• 8:47
  every
• 8:47
  decision
• 8:48
  feel
• 8:48
  heavier
• 8:48
  than
• 8:48
  it
• 8:49
  needed
• 8:49
  to
• 8:49
  be.
• 8:50
  But
• 8:51
  one
• 8:51
  of
• 8:51
  the
• 8:51
  things
• 8:51
  that
• 8:51
  I
• 8:52
  found
• 8:52
  solace
• 8:52
  in
• 8:52
  was
• 8:53
  God
• 8:53
  was
• 8:53
  right
• 8:53
  there
• 8:54
  with
• 8:54
  me.
• 8:55
  He
• 8:55
  wasn't
• 8:55
  just
• 8:55
  there
• 8:56
  in
• 8:56
  my
• 8:56
  grief,
• 8:57
  but,
• 8:57
  but
• 8:57
  he
• 8:58
  understood
• 8:58
  what
• 8:58
  I
• 8:58
  needed
• 8:59
  to
• 8:59
  do
• 8:59
  to
• 8:59
  move
• 8:59
  forward.
• 9:00
  And
• 9:01
  I'm
• 9:01
  going
• 9:01
  to
• 9:01
  encourage
• 9:01
  you,
• 9:02
  reach
• 9:02
  out
• 9:02
  to
• 9:02
  God
• 9:03
  and
• 9:03
  ask
• 9:03
  him
• 9:03
  to
• 9:04
  help
• 9:04
  you
• 9:04
  handle
• 9:04
  this
• 9:04
  with
• 9:04
  wisdom
• 9:05
  and
• 9:05
  to
• 9:05
  help
• 9:06
  him
• 9:06
  guide
• 9:06
  you
• 9:06
  step
• 9:07
  by
• 9:07
  step.
• 9:08
  But
• 9:08
  friend,
• 9:09
  you
• 9:09
  don't
• 9:09
  have
• 9:09
  to
• 9:09
  rush
• 9:10
  into
• 9:10
  this.
• 9:11
  You
• 9:11
  just
• 9:12
  have
• 9:12
  to
• 9:12
  handle
• 9:12
  it
• 9:12
  with
• 9:12
  care.
• 9:13
  And
• 9:13
  I'm
• 9:13
  very
• 9:13
  confident
• 9:14
  you'll
• 9:14
  do
• 9:14
  that.
• 9:15
  So
• 9:15
  here's
• 9:16
  your
• 9:16
  win
• 9:16
  for
• 9:16
  today.
• 9:17
  I
• 9:17
  want
• 9:17
  to
• 9:18
  just
• 9:18
  encourage
• 9:18
  you
• 9:18
  to
• 9:18
  choose
• 9:19
  where
• 9:19
  the
• 9:19
  money
• 9:19
  will
• 9:20
  rest.
• 9:20
  For
• 9:20
  now,
• 9:21
  just
• 9:21
  one
• 9:22
  sentence,
• 9:22
  maybe
• 9:23
  something
• 9:23
  for
• 9:23
  the
• 9:23
  next
• 9:24
  90
• 9:24
  days.
• 9:25
  I'm
• 9:25
  going
• 9:25
  to
• 9:25
  place
• 9:25
  this
• 9:26
  money
• 9:26
  in
• 9:26
  whatever
• 9:27
  that
• 9:27
  is
• 9:27
  we
• 9:27
  talked
• 9:28
  about.
• 9:28
  The
• 9:28
  savings
• 9:28
  account,
• 9:29
  the
• 9:29
  high
• 9:29
  yield
• 9:30
  savings
• 9:30
  account,
• 9:31
  the
• 9:31
  money
• 9:31
  market
• 9:32
  account.
• 9:32
  You're
• 9:33
  going
• 9:33
  to
• 9:33
  park
• 9:33
  it
• 9:33
  there
• 9:34
  and
• 9:34
  you're
• 9:34
  going
• 9:34
  to
• 9:34
  build
• 9:34
  a
• 9:35
  plan
• 9:35
  because
• 9:36
  that
• 9:36
  stability
• 9:36
  is
• 9:37
  going
• 9:37
  to
• 9:37
  reinforce
• 9:38
  and
• 9:38
  helps
• 9:39
  you
• 9:39
  come
• 9:39
  up
• 9:39
  with
• 9:39
  a
• 9:39
  better
• 9:39
  strategy.
• 9:41
  Well,
• 9:41
  let's
• 9:41
  get
• 9:41
  into
• 9:42
  the
• 9:42
  word
• 9:42
  of
• 9:42
  God.
• 9:42
  I'm
• 9:42
  going
• 9:42
  to
• 9:43
  go
• 9:43
  to
• 9:43
  Ecclesiastes
• 9:44
  chapter
• 9:44
  7,
• 9:44
  verse
• 9:45
  12
• 9:45
  today.
• 9:46
  It
• 9:46
  says
• 9:47
  wisdom
• 9:47
  is
• 9:47
  a
• 9:47
  shelter,
• 9:48
  as
• 9:48
  money
• 9:49
  is
• 9:49
  a
• 9:49
  shelter.
• 9:50
  But.
• 9:50
  But
• 9:50
  the
• 9:51
  advantage
• 9:51
  of
• 9:51
  knowledge
• 9:52
  is
• 9:52
  this
• 9:53
  wisdom
• 9:54
  preserves
• 9:54
  those
• 9:55
  who
• 9:55
  have
• 9:55
  it.
• 9:57
  Because
• 9:57
  in
• 9:58
  the
• 9:58
  end,
• 9:58
  wise
• 9:59
  patient
• 9:59
  decisions
• 10:00
  protect
• 10:01
  what
• 10:01
  you've
• 10:01
  been
• 10:01
  given.
• 10:02
  And
• 10:02
  that's
• 10:03
  really
• 10:03
  the
• 10:03
  answer
• 10:03
  to
• 10:03
  your
• 10:03
  question.
• 10:04
  Wise
• 10:05
  patient
• 10:06
  decisions.
• 10:07
  I
• 10:07
  hope
• 10:08
  that
• 10:08
  helps
• 10:08
  you
• 10:08
  today.
• 10:09
  How
• 10:09
  about
• 10:09
  we
• 10:09
  pray
• 10:10
  together?
• 10:10
  Heavenly
• 10:11
  Father,
• 10:12
  right
• 10:12
  now
• 10:12
  we
• 10:13
  lift
• 10:13
  up
• 10:13
  those
• 10:13
  who
• 10:13
  are
• 10:13
  walking
• 10:14
  through
• 10:14
  loss
• 10:15
  and
• 10:15
  grief
• 10:15
  and,
• 10:16
  and
• 10:16
  carrying
• 10:17
  the
• 10:17
  responsibility
• 10:17
  of
• 10:18
  what
• 10:18
  comes
• 10:18
  next.
• 10:19
  You
• 10:20
  see
• 10:20
  our
• 10:20
  broken
• 10:20
  hearts,
• 10:21
  you
• 10:21
  see
• 10:21
  our
• 10:21
  grief,
• 10:22
  Lord,
• 10:23
  and
• 10:23
  you
• 10:23
  see
• 10:23
  our
• 10:24
  desire
• 10:24
  to
• 10:24
  handle
• 10:24
  this
• 10:25
  well.
• 10:26
  I
• 10:26
  just
• 10:26
  ask
• 10:26
  that
• 10:26
  you
• 10:27
  would
• 10:27
  give
• 10:27
  him
• 10:27
  peace.
• 10:28
  As
• 10:28
  they
• 10:28
  slow
• 10:28
  down
• 10:29
  and
• 10:29
  give
• 10:29
  him
• 10:30
  wisdom
• 10:30
  in
• 10:30
  each
• 10:30
  decision
• 10:31
  and
• 10:32
  truly
• 10:32
  confidence
• 10:33
  to
• 10:33
  move
• 10:33
  forward
• 10:33
  step
• 10:34
  by
• 10:34
  step.
• 10:35
  Lord
• 10:36
  help
• 10:36
  them
• 10:36
  to
• 10:36
  protect
• 10:37
  what
• 10:37
  they've
• 10:37
  been
• 10:37
  given
• 10:37
  and
• 10:38
  to
• 10:38
  not
• 10:38
  feel
• 10:38
  rushed
• 10:39
  or
• 10:39
  pressured.
• 10:40
  Guide
• 10:41
  them
• 10:41
  with
• 10:41
  care
• 10:41
  only
• 10:42
  that
• 10:42
  you
• 10:42
  can
• 10:42
  do
• 10:42
  Lord
• 10:43
  and
• 10:43
  remind
• 10:43
  them
• 10:43
  that
• 10:43
  you
• 10:44
  are
• 10:44
  with
• 10:44
  them
• 10:44
  in
• 10:44
  both
• 10:45
  the
• 10:45
  emotional
• 10:45
  and
• 10:46
  and
• 10:46
  the
• 10:46
  practical
• 10:47
  parts
• 10:47
  of
• 10:47
  this
• 10:47
  journey.
• 10:48
  And
• 10:49
  we
• 10:49
  ask
• 10:49
  this
• 10:49
  in
• 10:49
  Jesus
• 10:50
  name
• 10:51
  Amen
• 10:53
  friends,
• 10:53
  you
• 10:54
  don't
• 10:54
  need
• 10:54
  to
• 10:54
  figure
• 10:54
  out
• 10:55
  everything
• 10:55
  today.
• 10:56
  Just
• 10:57
  take
• 10:57
  the
• 10:57
  next
• 10:57
  wise
• 10:58
  step
• 10:59
  and
• 10:59
  maybe
• 11:00
  you've
• 11:00
  got
• 11:00
  a
• 11:00
  question
• 11:00
  just
• 11:01
  like
• 11:01
  this.
• 11:02
  If
• 11:02
  you've
• 11:02
  got
• 11:02
  a
• 11:02
  question
• 11:03
  about
• 11:03
  finances
• 11:04
  or
• 11:04
  something
• 11:04
  that's
• 11:05
  going
• 11:05
  on
• 11:05
  in
• 11:05
  your
• 11:05
  world,
• 11:06
  head
• 11:06
  over
• 11:06
  to
• 11:06
  financiallyconfidentchristian.com/question
• 11:10
  We'll
• 11:10
  put
• 11:10
  a
• 11:10
  link
• 11:10
  in
• 11:10
  the
• 11:11
  show
• 11:11
  notes
• 11:11
  but
• 11:11
  send
• 11:11
  us
• 11:11
  a
• 11:12
  question
• 11:12
  and
• 11:12
  I'll
• 11:13
  help
• 11:13
  you
• 11:13
  tackle
• 11:13
  that
• 11:14
  on
• 11:14
  one
• 11:14
  of
• 11:14
  our
• 11:14
  shows
• 11:15
  coming
• 11:15
  up.
• 11:16
  Again,
• 11:16
  that's
• 11:16
  financiallyconfidentchristian.com/question.
• 11:20
  I
• 11:21
  just
• 11:21
  want
• 11:21
  to
• 11:21
  thank
• 11:21
  you
• 11:21
  for
• 11:22
  joining
• 11:22
  me
• 11:22
  today.
• 11:23
  I
• 11:23
  want
• 11:23
  to
• 11:23
  encourage
• 11:24
  you
• 11:24
  to
• 11:24
  stay
• 11:24
  financially
• 11:25
  savvy.
• 11:26
  May
• 11:26
  God
• 11:27
  bless
• 11:27
  you
• 11:27
  and
• 11:28
  you
• 11:28
  have
• 11:28
  a
• 11:28
  great
• 11:28
  day
• 11:29
  today.