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Should I Rent or Buy When I’m Just Starting Out? · Becoming Financially Confident

• 0:37
  Have
• 0:37
  you
• 0:37
  ever
• 0:38
  felt
• 0:38
  stuck
• 0:38
  between
• 0:39
  two
• 0:39
  good
• 0:39
  options,
• 0:40
  but
• 0:40
  you
• 0:40
  had
• 0:41
  no
• 0:41
  clear
• 0:41
  answer?
• 0:42
  I
• 0:42
  got
• 0:42
  one
• 0:43
  today.
• 0:44
  Rent
• 0:44
  and
• 0:45
  keep
• 0:45
  things
• 0:45
  simple
• 0:46
  or
• 0:46
  buy
• 0:46
  and
• 0:47
  start
• 0:47
  building
• 0:47
  equity.
• 0:49
  Like,
• 0:49
  either
• 0:49
  way,
• 0:50
  you're
• 0:50
  afraid
• 0:50
  of
• 0:50
  making
• 0:50
  the
• 0:50
  wrong
• 0:51
  move.
• 0:52
  And
• 0:52
  maybe
• 0:53
  right
• 0:53
  now
• 0:53
  you're
• 0:53
  standing
• 0:54
  at
• 0:54
  that
• 0:54
  crossroads
• 0:55
  in
• 0:55
  your
• 0:55
  life.
• 0:56
  Well,
• 0:57
  today
• 0:57
  I'm
• 0:57
  going
• 0:57
  to
• 0:57
  help
• 0:57
  you
• 0:57
  move
• 0:58
  forward
• 0:58
  with
• 0:58
  both
• 0:58
  wisdom
• 0:59
  and
• 0:59
  peace.
• 1:00
  So
• 1:00
  if
• 1:00
  you're
• 1:00
  thinking
• 1:00
  about
• 1:01
  buying
• 1:01
  a
• 1:01
  home,
• 1:02
  today's
• 1:03
  going
• 1:03
  to
• 1:03
  be
• 1:03
  the
• 1:03
  show
• 1:03
  for
• 1:04
  you.
• 1:25
  Hello,
• 1:26
  friend.
• 1:26
  Ralph
• 1:27
  Estep
• 1:27
  Jr.
• 1:27
  Here.
• 1:28
  Welcome
• 1:28
  to
• 1:29
  Financially
• 1:29
  Confident
• 1:30
  Christian,
• 1:31
  where
• 1:31
  every
• 1:31
  day
• 1:31
  my
• 1:31
  goal
• 1:32
  is
• 1:32
  to
• 1:32
  help
• 1:32
  you
• 1:32
  break
• 1:33
  that
• 1:33
  cycle
• 1:33
  of
• 1:34
  financial
• 1:34
  shame
• 1:35
  and
• 1:35
  live
• 1:35
  in
• 1:36
  confidence.
• 1:37
  And
• 1:37
  today
• 1:37
  we
• 1:37
  got
• 1:37
  a
• 1:38
  real
• 1:38
  practical
• 1:39
  voicemail
• 1:40
  question,
• 1:41
  and
• 1:41
  it's
• 1:41
  this.
• 1:42
  Should
• 1:42
  you
• 1:43
  rent
• 1:43
  or
• 1:43
  buy
• 1:44
  when
• 1:44
  you're
• 1:45
  just
• 1:45
  getting
• 1:45
  started?
• 1:46
  I
• 1:46
  get
• 1:47
  this
• 1:47
  question
• 1:47
  in
• 1:47
  my
• 1:48
  practice
• 1:48
  all
• 1:48
  the
• 1:48
  time,
• 1:48
  but
• 1:49
  I'm
• 1:49
  going
• 1:49
  to
• 1:49
  play
• 1:50
  a
• 1:50
  message
• 1:50
  that
• 1:50
  we
• 1:51
  got
• 1:51
  from
• 1:51
  a
• 1:51
  listener
• 1:52
  about
• 1:52
  this
• 1:53
  very
• 1:53
  topic
• 1:53
  right
• 1:54
  now.
• 1:55
  Hey,
• 1:56
  Ralph,
• 1:57
  I
• 1:58
  was
• 1:58
  hoping
• 1:58
  you
• 1:58
  could
• 1:58
  help
• 1:58
  me
• 1:58
  think
• 1:59
  through
• 1:59
  something.
• 2:00
  So
• 2:01
  I'm
• 2:01
  24,
• 2:02
  and
• 2:03
  I'm
• 2:03
  about
• 2:04
  to
• 2:04
  start
• 2:04
  a
• 2:04
  job
• 2:04
  in
• 2:05
  a
• 2:05
  new
• 2:05
  city,
• 2:06
  and
• 2:06
  I've
• 2:07
  saved
• 2:07
  up
• 2:07
  a
• 2:07
  pretty
• 2:08
  decent
• 2:08
  amount
• 2:08
  so
• 2:08
  far.
• 2:09
  And
• 2:10
  now
• 2:10
  I'm
• 2:10
  just
• 2:10
  kind
• 2:10
  of
• 2:11
  going
• 2:11
  back
• 2:11
  and
• 2:11
  forth
• 2:12
  on
• 2:12
  whether
• 2:12
  I
• 2:12
  should
• 2:12
  buy
• 2:12
  a
• 2:13
  home
• 2:14
  or
• 2:15
  just
• 2:15
  rent
• 2:16
  for
• 2:16
  a
• 2:16
  few
• 2:16
  years.
• 2:17
  If
• 2:17
  I
• 2:18
  buy,
• 2:18
  It'd
• 2:18
  be
• 2:19
  around
• 2:19
  $2,500
• 2:20
  a
• 2:21
  month,
• 2:21
  which
• 2:22
  is
• 2:22
  definitely
• 2:23
  more.
• 2:24
  And,
• 2:24
  I
• 2:24
  mean,
• 2:25
  I
• 2:25
  know
• 2:25
  it
• 2:26
  could
• 2:26
  help
• 2:26
  me
• 2:26
  build
• 2:26
  equity
• 2:27
  and
• 2:28
  maybe
• 2:28
  even
• 2:28
  turn
• 2:28
  it
• 2:29
  into
• 2:29
  a
• 2:29
  rental
• 2:29
  later
• 2:30
  on,
• 2:30
  which
• 2:31
  sounds
• 2:31
  great
• 2:32
  in
• 2:32
  theory,
• 2:34
  but
• 2:34
  then
• 2:34
  renting
• 2:34
  is
• 2:35
  closer
• 2:35
  to
• 2:35
  $2,000,
• 2:37
  and
• 2:37
  it
• 2:38
  just
• 2:38
  feels
• 2:38
  a
• 2:38
  little
• 2:38
  more
• 2:38
  flexible,
• 2:40
  especially
• 2:40
  since
• 2:40
  I'm
• 2:41
  still
• 2:41
  new
• 2:42
  and
• 2:42
  kind
• 2:42
  of
• 2:42
  figuring
• 2:43
  things
• 2:43
  out,
• 2:44
  like,
• 2:44
  where
• 2:45
  I
• 2:45
  even
• 2:45
  want
• 2:45
  to
• 2:45
  be
• 2:46
  long
• 2:46
  term.
• 2:47
  I
• 2:47
  think
• 2:47
  I'm
• 2:48
  just.
• 2:48
  I
• 2:49
  don't
• 2:49
  know,
• 2:49
  I'm
• 2:50
  a
• 2:50
  little
• 2:50
  stuck.
• 2:51
  Like,
• 2:51
  part
• 2:52
  of
• 2:52
  me
• 2:52
  feels
• 2:52
  like
• 2:52
  I
• 2:52
  should
• 2:53
  take
• 2:53
  advantage
• 2:53
  of
• 2:53
  where
• 2:54
  I'm
• 2:54
  at
• 2:54
  financially,
• 2:55
  but
• 2:55
  then
• 2:56
  another
• 2:56
  part
• 2:56
  of
• 2:56
  me
• 2:57
  is
• 2:57
  like,
• 2:57
  what
• 2:58
  if
• 2:58
  I'm
• 2:58
  moving
• 2:58
  too
• 2:59
  fast?
• 3:00
  So,
• 3:00
  yeah,
• 3:00
  I
• 3:01
  guess
• 3:01
  I
• 3:01
  just
• 3:02
  really
• 3:02
  appreciate
• 3:03
  hearing
• 3:03
  how
• 3:03
  you'd
• 3:04
  think
• 3:04
  about
• 3:04
  that.
• 3:06
  Well,
• 3:06
  thank
• 3:07
  you
• 3:07
  so
• 3:07
  much
• 3:07
  for
• 3:07
  your
• 3:08
  question.
• 3:08
  If
• 3:08
  you've
• 3:08
  got
• 3:08
  a
• 3:09
  voicemail
• 3:09
  question,
• 3:09
  you
• 3:10
  can
• 3:10
  send
• 3:10
  us
• 3:10
  one,
• 3:11
  just
• 3:11
  like
• 3:11
  this
• 3:11
  person
• 3:11
  did
• 3:12
  by
• 3:12
  going
• 3:12
  to
• 3:12
  Financially
• 3:13
  Confident
• 3:14
  Christian.
• 3:17
  But,
• 3:18
  friend,
• 3:18
  what
• 3:18
  I
• 3:18
  want
• 3:18
  you
• 3:19
  to
• 3:19
  hear
• 3:19
  right
• 3:19
  off
• 3:19
  the
• 3:19
  bat,
• 3:20
  this
• 3:20
  is
• 3:20
  not
• 3:21
  just
• 3:21
  a
• 3:21
  financial
• 3:22
  decision.
• 3:23
  It's
• 3:23
  a
• 3:23
  life
• 3:24
  decision.
• 3:25
  And
• 3:25
  I
• 3:25
  love
• 3:25
  the
• 3:26
  fact
• 3:26
  that
• 3:26
  you're
• 3:26
  thinking
• 3:26
  through
• 3:27
  this
• 3:27
  carefully
• 3:28
  because
• 3:28
  it
• 3:28
  says
• 3:28
  a
• 3:29
  lot
• 3:29
  about
• 3:29
  your
• 3:29
  maturity.
• 3:30
  You
• 3:30
  might
• 3:30
  be
• 3:30
  a
• 3:30
  young
• 3:31
  person,
• 3:31
  but
• 3:31
  you
• 3:31
  are
• 3:32
  definitely
• 3:32
  thinking
• 3:32
  about
• 3:33
  this.
• 3:33
  You're
• 3:34
  not
• 3:34
  just
• 3:34
  asking,
• 3:35
  what
• 3:35
  can
• 3:35
  I
• 3:35
  afford?
• 3:36
  You're
• 3:36
  asking,
• 3:37
  what
• 3:37
  is
• 3:37
  wise
• 3:39
  and
• 3:39
  that
• 3:39
  does
• 3:39
  matter
• 3:40
  because
• 3:41
  here's
• 3:41
  the
• 3:41
  big
• 3:41
  idea
• 3:42
  for
• 3:42
  today.
• 3:43
  The
• 3:43
  right
• 3:43
  decision
• 3:44
  is
• 3:44
  not
• 3:44
  just
• 3:45
  about
• 3:45
  math.
• 3:46
  It's
• 3:47
  about
• 3:47
  the
• 3:47
  season
• 3:48
  stability
• 3:49
  and
• 3:49
  stewardship,
• 3:51
  which
• 3:51
  is
• 3:51
  why
• 3:51
  I've
• 3:52
  got
• 3:52
  what
• 3:52
  I
• 3:52
  put
• 3:52
  together,
• 3:53
  a
• 3:53
  decent
• 3:54
  answer
• 3:54
  for
• 3:54
  you
• 3:54
  today.
• 3:55
  I
• 3:55
  think.
• 3:55
  Let's
• 3:55
  talk
• 3:55
  about
• 3:56
  this
• 3:56
  together.
• 3:57
  I
• 3:57
  love
• 3:57
  the
• 3:57
  fact
• 3:58
  that
• 3:58
  you've
• 3:58
  asked
• 3:58
  this.
• 3:59
  First
• 3:59
  thing
• 3:59
  is
• 4:00
  don't
• 4:01
  rush
• 4:01
  a
• 4:01
  permanent
• 4:02
  decision
• 4:02
  in
• 4:02
  a
• 4:03
  temporary
• 4:03
  season.
• 4:04
  You
• 4:04
  said
• 4:05
  it
• 4:05
  very
• 4:05
  clearly.
• 4:05
  You're
• 4:06
  starting
• 4:06
  a
• 4:06
  new
• 4:06
  job.
• 4:07
  Maybe
• 4:07
  you've
• 4:08
  moved
• 4:08
  into
• 4:08
  a
• 4:08
  new
• 4:08
  city.
• 4:09
  There's
• 4:10
  a
• 4:10
  lot
• 4:10
  of
• 4:10
  unknowns
• 4:10
  here
• 4:12
  and
• 4:12
  that
• 4:12
  matters
• 4:12
  more
• 4:13
  than
• 4:13
  the
• 4:13
  numbers.
• 4:15
  I
• 4:15
  could
• 4:15
  easily
• 4:16
  say
• 4:16
  to
• 4:16
  you,
• 4:16
  sure,
• 4:16
  buying
• 4:17
  over
• 4:17
  the
• 4:17
  long
• 4:18
  term,
• 4:18
  that's
• 4:18
  going
• 4:18
  to
• 4:18
  be
• 4:19
  a
• 4:19
  better
• 4:19
  financial
• 4:19
  decision.
• 4:20
  But
• 4:21
  the
• 4:21
  other
• 4:21
  part
• 4:21
  of
• 4:21
  this,
• 4:22
  buying
• 4:22
  a
• 4:22
  home
• 4:22
  ties
• 4:23
  you
• 4:23
  down.
• 4:24
  If
• 4:25
  you
• 4:25
  buy
• 4:25
  a
• 4:25
  home,
• 4:25
  and
• 4:26
  I've
• 4:26
  seen
• 4:26
  this
• 4:26
  happen
• 4:26
  to
• 4:27
  people
• 4:27
  that
• 4:27
  I've
• 4:27
  worked
• 4:28
  with
• 4:28
  throughout
• 4:28
  the
• 4:28
  years
• 4:28
  where
• 4:28
  they
• 4:29
  buy
• 4:29
  a
• 4:29
  home
• 4:29
  and
• 4:29
  then
• 4:29
  they're
• 4:30
  stuck
• 4:30
  in
• 4:30
  this
• 4:30
  job
• 4:30
  that
• 4:31
  they
• 4:31
  might
• 4:31
  not
• 4:31
  want.
• 4:32
  That's
• 4:33
  where
• 4:33
  buying
• 4:34
  ties
• 4:34
  you
• 4:34
  down.
• 4:34
  But
• 4:35
  renting
• 4:35
  could
• 4:35
  give
• 4:35
  you
• 4:36
  some
• 4:36
  flexibility,
• 4:37
  especially
• 4:37
  if
• 4:37
  you're
• 4:37
  starting
• 4:38
  a
• 4:38
  new
• 4:38
  job.
• 4:39
  And
• 4:39
  there's
• 4:40
  wisdom
• 4:40
  in
• 4:40
  giving
• 4:41
  yourself
• 4:41
  space
• 4:42
  to
• 4:42
  settle
• 4:42
  into
• 4:43
  your
• 4:43
  new
• 4:43
  environment
• 4:44
  before
• 4:44
  making
• 4:45
  a
• 4:45
  long
• 4:45
  term
• 4:45
  commitment.
• 4:46
  So
• 4:46
  first
• 4:46
  thing,
• 4:47
  take
• 4:47
  a
• 4:47
  pause.
• 4:48
  Think
• 4:49
  about
• 4:49
  what
• 4:50
  do
• 4:50
  you
• 4:50
  really
• 4:50
  want
• 4:50
  to
• 4:50
  do?
• 4:51
  Is
• 4:51
  this
• 4:51
  just
• 4:51
  a
• 4:52
  season
• 4:52
  you're
• 4:52
  in
• 4:52
  right
• 4:53
  now?
• 4:53
  Kind
• 4:53
  of
• 4:53
  let
• 4:54
  it
• 4:54
  simmer
• 4:54
  a
• 4:54
  little
• 4:54
  bit.
• 4:55
  But
• 4:55
  you've
• 4:56
  also
• 4:56
  got
• 4:56
  to
• 4:56
  look
• 4:56
  beyond
• 4:57
  the
• 4:57
  mortgage.
• 4:57
  You
• 4:57
  focused
• 4:58
  on
• 4:58
  that
• 4:58
  $2,500
• 5:00
  payment
• 5:00
  and
• 5:01
  I
• 5:01
  think
• 5:01
  that's
• 5:01
  a
• 5:01
  good
• 5:01
  place
• 5:01
  to
• 5:02
  focus.
• 5:02
  You've
• 5:03
  got
• 5:03
  the
• 5:03
  numbers
• 5:03
  right,
• 5:04
  but
• 5:05
  that's
• 5:05
  not
• 5:05
  the
• 5:05
  full
• 5:05
  picture.
• 5:06
  A
• 5:06
  lot
• 5:07
  of
• 5:07
  people
• 5:07
  don't
• 5:07
  think
• 5:07
  about
• 5:07
  this,
• 5:08
  oh,
• 5:08
  I
• 5:08
  can
• 5:08
  afford
• 5:08
  this
• 5:09
  mortgage,
• 5:09
  I
• 5:10
  can
• 5:10
  do
• 5:10
  this.
• 5:11
  But
• 5:11
  think
• 5:11
  about
• 5:12
  the
• 5:12
  maintenance.
• 5:13
  Yesterday
• 5:13
  we
• 5:14
  talked
• 5:14
  about
• 5:14
  that
• 5:14
  on
• 5:14
  the
• 5:14
  show.
• 5:15
  If
• 5:15
  you
• 5:15
  didn't
• 5:15
  listen
• 5:15
  to
• 5:16
  that,
• 5:16
  go
• 5:16
  check
• 5:16
  it
• 5:16
  out.
• 5:16
  You
• 5:16
  can
• 5:17
  go
• 5:17
  check
• 5:17
  out
• 5:17
  all
• 5:17
  of
• 5:18
  our
• 5:18
  episodes@financiallyconfidentchristian.com
• 5:21
  but
• 5:21
  there's
• 5:21
  maintenance,
• 5:22
  there's
• 5:23
  repairs,
• 5:24
  maybe
• 5:24
  vacancies
• 5:25
  for
• 5:25
  those
• 5:25
  rental
• 5:26
  units
• 5:26
  if
• 5:26
  you're
• 5:26
  going
• 5:26
  to
• 5:26
  rent
• 5:27
  this
• 5:27
  out.
• 5:28
  Listen,
• 5:28
  as
• 5:28
  a
• 5:28
  homeowner
• 5:29
  there
• 5:29
  are
• 5:29
  always
• 5:30
  unexpected
• 5:31
  expenses.
• 5:32
  My
• 5:32
  son
• 5:32
  and
• 5:33
  my
• 5:33
  daughter
• 5:33
  in
• 5:33
  law,
• 5:34
  they're
• 5:34
  in
• 5:34
  Texas.
• 5:35
  They
• 5:35
  rent
• 5:35
  a
• 5:35
  house.
• 5:35
  Well,
• 5:36
  guess
• 5:36
  what
• 5:36
  happened
• 5:36
  last
• 5:37
  week?
• 5:38
  The
• 5:38
  air
• 5:38
  conditioner
• 5:39
  blew
• 5:39
  up.
• 5:39
  I'm
• 5:39
  talking
• 5:40
  about
• 5:40
  it
• 5:40
  actually
• 5:41
  blew
• 5:41
  up.
• 5:42
  My
• 5:42
  son
• 5:42
  sent
• 5:42
  me
• 5:42
  a
• 5:43
  picture
• 5:43
  of
• 5:43
  this
• 5:43
  and
• 5:44
  you
• 5:44
  can
• 5:44
  see
• 5:44
  the
• 5:44
  outdoor
• 5:45
  unit
• 5:45
  like
• 5:45
  exploded
• 5:46
  out
• 5:46
  the
• 5:46
  side.
• 5:47
  Scared
• 5:48
  the
• 5:48
  dickens
• 5:48
  out
• 5:48
  of
• 5:49
  him
• 5:49
  and
• 5:49
  his
• 5:49
  wife.
• 5:50
  But
• 5:50
  if
• 5:50
  he
• 5:50
  had
• 5:51
  owned
• 5:51
  the
• 5:51
  house,
• 5:51
  guess
• 5:51
  what?
• 5:52
  He'd
• 5:52
  have
• 5:52
  had
• 5:52
  to
• 5:52
  come
• 5:52
  out
• 5:52
  of
• 5:53
  pocket
• 5:53
  to
• 5:53
  pay
• 5:53
  for
• 5:53
  it,
• 5:54
  but
• 5:54
  he's
• 5:54
  in
• 5:54
  a
• 5:55
  season
• 5:55
  of
• 5:55
  his
• 5:55
  life
• 5:56
  right
• 5:56
  now
• 5:56
  where
• 5:56
  he's
• 5:56
  renting.
• 5:57
  And
• 5:57
  guess
• 5:57
  what?
• 5:58
  He
• 5:58
  picked
• 5:58
  up
• 5:58
  the
• 5:59
  phone,
• 5:59
  called
• 5:59
  the
• 5:59
  landlord
• 6:00
  and
• 6:00
  my
• 6:01
  daughter
• 6:01
  in
• 6:01
  law
• 6:01
  told
• 6:01
  me
• 6:01
  as
• 6:02
  of
• 6:02
  Friday
• 6:02
  it's
• 6:03
  fixed.
• 6:04
  So
• 6:04
  sure,
• 6:05
  homeownership
• 6:06
  builds
• 6:06
  equity
• 6:06
  over
• 6:07
  time,
• 6:08
  but
• 6:08
  it
• 6:08
  also
• 6:08
  requires
• 6:09
  some
• 6:09
  margin.
• 6:10
  And
• 6:10
  if
• 6:10
  you
• 6:10
  don't
• 6:11
  have
• 6:11
  margin,
• 6:11
  what
• 6:12
  looks
• 6:12
  like
• 6:12
  an
• 6:12
  opportunity
• 6:13
  right
• 6:13
  now
• 6:14
  can
• 6:14
  quickly
• 6:15
  become
• 6:15
  pressure.
• 6:15
  I've
• 6:16
  seen
• 6:16
  so
• 6:16
  many
• 6:17
  first
• 6:17
  time
• 6:17
  buyers
• 6:18
  especially.
• 6:18
  Listen,
• 6:19
  I
• 6:19
  was
• 6:19
  that
• 6:19
  person.
• 6:20
  I
• 6:20
  mentioned
• 6:21
  it
• 6:21
  on
• 6:21
  yesterday's
• 6:22
  show.
• 6:22
  I
• 6:22
  bought
• 6:22
  a
• 6:22
  new
• 6:22
  townhouse.
• 6:23
  It
• 6:24
  wasn't
• 6:24
  a
• 6:24
  week
• 6:24
  later
• 6:25
  the
• 6:25
  air
• 6:25
  conditioning
• 6:26
  blew
• 6:26
  up.
• 6:27
  I
• 6:27
  didn't
• 6:27
  explode
• 6:28
  like
• 6:28
  my
• 6:28
  sons
• 6:28
  did,
• 6:28
  but
• 6:28
  didn't
• 6:29
  work.
• 6:30
  $6,000
• 6:31
  bill
• 6:31
  later,
• 6:31
  borrowing
• 6:32
  from
• 6:32
  mom
• 6:33
  and
• 6:34
  putting
• 6:34
  money
• 6:34
  on
• 6:35
  credit
• 6:35
  cards.
• 6:35
  I
• 6:36
  had
• 6:36
  no
• 6:36
  margin.
• 6:37
  So
• 6:38
  understand
• 6:38
  that
• 6:39
  that
• 6:39
  equity
• 6:40
  that
• 6:40
  you're
• 6:40
  talking
• 6:41
  about
• 6:41
  is
• 6:41
  not
• 6:42
  the
• 6:42
  same
• 6:42
  as
• 6:42
  cash
• 6:43
  flow.
• 6:43
  Sure,
• 6:44
  you
• 6:44
  can
• 6:44
  build
• 6:45
  400,
• 6:46
  $500
• 6:47
  in
• 6:47
  equity
• 6:47
  each
• 6:48
  month
• 6:48
  by
• 6:48
  buying
• 6:49
  it,
• 6:50
  but
• 6:50
  you're
• 6:50
  also
• 6:50
  committing
• 6:51
  thousands
• 6:52
  of
• 6:52
  dollars
• 6:53
  in
• 6:53
  non
• 6:53
  recoverable
• 6:54
  costs.
• 6:55
  You're
• 6:55
  going
• 6:55
  to
• 6:55
  be
• 6:55
  paying
• 6:56
  interest,
• 6:56
  you're
• 6:57
  going
• 6:57
  to
• 6:57
  be
• 6:57
  paying
• 6:57
  property
• 6:58
  taxes,
• 6:58
  you're
• 6:59
  going
• 6:59
  to
• 6:59
  have
• 6:59
  homeowners
• 7:00
  insurance
• 7:01
  and
• 7:01
  upkeep.
• 7:02
  You
• 7:02
  can't
• 7:02
  just
• 7:02
  buy
• 7:02
  this
• 7:03
  house
• 7:03
  and
• 7:03
  say,
• 7:03
  well,
• 7:03
  it's
• 7:03
  going
• 7:03
  to
• 7:04
  take
• 7:04
  care
• 7:04
  of
• 7:04
  itself.
• 7:05
  Doesn't
• 7:05
  work
• 7:06
  that
• 7:06
  way.
• 7:06
  Sure,
• 7:07
  equity
• 7:07
  does
• 7:08
  grow,
• 7:09
  but
• 7:09
  cash
• 7:09
  flow
• 7:10
  affects
• 7:10
  you
• 7:10
  right
• 7:11
  now.
• 7:11
  And
• 7:11
  right
• 7:12
  now
• 7:12
  your
• 7:12
  margins
• 7:13
  matter.
• 7:13
  You
• 7:13
  didn't
• 7:13
  tell
• 7:13
  me
• 7:14
  what
• 7:14
  your
• 7:14
  margins
• 7:14
  look
• 7:14
  like.
• 7:15
  But
• 7:15
  if
• 7:15
  you're
• 7:15
  just
• 7:16
  getting
• 7:16
  started,
• 7:17
  maybe
• 7:17
  you
• 7:17
  need
• 7:17
  to
• 7:17
  build
• 7:18
  that
• 7:18
  margin
• 7:18
  a
• 7:18
  little
• 7:19
  bit.
• 7:19
  But
• 7:19
  you
• 7:20
  got
• 7:20
  to
• 7:20
  be
• 7:20
  wise
• 7:20
  with
• 7:21
  relational
• 7:21
  and
• 7:21
  financial
• 7:22
  boundaries.
• 7:23
  If
• 7:23
  other
• 7:24
  people
• 7:24
  are
• 7:24
  contributing,
• 7:25
  that's
• 7:25
  helpful,
• 7:26
  but
• 7:27
  it's
• 7:27
  not
• 7:27
  guaranteed.
• 7:28
  And
• 7:28
  they
• 7:29
  don't
• 7:29
  have
• 7:29
  that
• 7:29
  same
• 7:30
  level
• 7:30
  of
• 7:30
  ownership.
• 7:31
  They
• 7:31
  don't
• 7:31
  have
• 7:31
  that
• 7:32
  same
• 7:32
  level
• 7:32
  of
• 7:33
  requirement.
• 7:34
  So
• 7:34
  be
• 7:34
  careful
• 7:35
  about
• 7:35
  building
• 7:35
  a
• 7:36
  financial
• 7:36
  structure
• 7:36
  that
• 7:37
  depends
• 7:37
  on
• 7:37
  someone
• 7:38
  who
• 7:38
  isn't
• 7:38
  legally
• 7:39
  tied
• 7:39
  to
• 7:39
  the
• 7:40
  asset.
• 7:40
  Maybe
• 7:40
  that's
• 7:41
  a
• 7:41
  renter
• 7:41
  or
• 7:42
  a
• 7:42
  boyfriend
• 7:42
  or
• 7:43
  a
• 7:43
  girlfriend.
• 7:44
  And
• 7:44
  I'm
• 7:44
  not
• 7:44
  telling
• 7:45
  you
• 7:45
  to
• 7:45
  do
• 7:45
  this
• 7:45
  from
• 7:45
  a
• 7:45
  state
• 7:46
  of
• 7:46
  distrust.
• 7:47
  It's
• 7:47
  just
• 7:47
  about
• 7:48
  wisdom
• 7:48
  and
• 7:49
  protection.
• 7:49
  Here's
• 7:50
  one
• 7:50
  thing
• 7:50
  I
• 7:50
  tell
• 7:50
  people
• 7:51
  all
• 7:51
  the
• 7:51
  time.
• 7:52
  If
• 7:52
  you
• 7:53
  can't
• 7:53
  afford
• 7:53
  to
• 7:53
  pay
• 7:54
  for
• 7:54
  it
• 7:54
  yourself,
• 7:55
  don't
• 7:55
  do
• 7:55
  it.
• 7:56
  If
• 7:56
  you're
• 7:56
  counting
• 7:56
  on
• 7:56
  somebody
• 7:57
  else,
• 7:57
  don't
• 7:58
  do
• 7:58
  that.
• 7:58
  Because
• 7:58
  relationships
• 7:59
  fail.
• 7:59
  I
• 8:00
  hate
• 8:00
  to
• 8:00
  tell
• 8:00
  you
• 8:00
  that.
• 8:00
  Here's
• 8:01
  a
• 8:01
  surprise
• 8:02
  for
• 8:02
  you.
• 8:03
  Relationships
• 8:04
  fail
• 8:04
  sometimes,
• 8:05
  but
• 8:06
  in
• 8:06
  the
• 8:06
  end,
• 8:07
  choose
• 8:07
  the
• 8:07
  path
• 8:07
  that
• 8:08
  gives
• 8:08
  you
• 8:08
  the
• 8:08
  most
• 8:08
  peace
• 8:09
  and,
• 8:09
  and
• 8:09
  the
• 8:09
  most
• 8:10
  flexibility.
• 8:10
  So
• 8:10
  I'm
• 8:10
  going
• 8:11
  to
• 8:11
  give
• 8:11
  you
• 8:11
  a
• 8:11
  square
• 8:11
  answer
• 8:12
  right
• 8:12
  now.
• 8:13
  You
• 8:13
  mentioned
• 8:13
  renting
• 8:14
  at
• 8:14
  $2,000
• 8:15
  in
• 8:16
  this
• 8:16
  particular
• 8:16
  case.
• 8:16
  And
• 8:17
  I
• 8:17
  don't
• 8:17
  often
• 8:17
  do
• 8:17
  this
• 8:17
  on
• 8:18
  the
• 8:18
  show.
• 8:18
  I
• 8:19
  think
• 8:19
  that's
• 8:19
  your
• 8:19
  best
• 8:20
  option
• 8:20
  and
• 8:20
  I'll
• 8:20
  tell
• 8:20
  you
• 8:21
  why.
• 8:21
  It
• 8:21
  creates
• 8:22
  margin,
• 8:23
  it
• 8:23
  gives
• 8:23
  you
• 8:23
  freedom
• 8:24
  and
• 8:24
  it
• 8:25
  gives
• 8:25
  you
• 8:25
  options.
• 8:26
  You
• 8:27
  mentioned
• 8:27
  you're
• 8:27
  just
• 8:27
  getting
• 8:27
  started.
• 8:28
  It
• 8:28
  allows
• 8:29
  you
• 8:29
  to
• 8:29
  adjust
• 8:29
  to
• 8:30
  your
• 8:30
  new
• 8:30
  job,
• 8:30
  you
• 8:31
  can
• 8:31
  confirm
• 8:31
  your
• 8:32
  long
• 8:32
  term
• 8:32
  plans
• 8:33
  and
• 8:33
  you
• 8:33
  can
• 8:34
  continue
• 8:34
  building
• 8:35
  those
• 8:35
  savings.
• 8:37
  Now,
• 8:37
  I'm
• 8:37
  not
• 8:37
  telling
• 8:37
  you
• 8:38
  that
• 8:38
  buying
• 8:38
  might
• 8:38
  not
• 8:38
  be
• 8:39
  the
• 8:39
  right
• 8:39
  move.
• 8:40
  It
• 8:40
  might
• 8:40
  just
• 8:41
  not
• 8:41
  be
• 8:41
  the
• 8:41
  right
• 8:41
  move
• 8:42
  right
• 8:42
  now.
• 8:43
  And
• 8:44
  waiting
• 8:44
  is
• 8:45
  not
• 8:45
  losing,
• 8:45
  it's
• 8:46
  just
• 8:46
  preparing
• 8:47
  for
• 8:47
  the
• 8:48
  future.
• 8:49
  Here's
• 8:50
  my
• 8:50
  encouragement
• 8:51
  for
• 8:51
  today.
• 8:52
  Wisdom
• 8:53
  chooses
• 8:53
  timing,
• 8:54
  not
• 8:54
  just
• 8:55
  opportunity.
• 8:56
  I
• 8:56
  want
• 8:56
  to
• 8:56
  say
• 8:56
  that
• 8:56
  again
• 8:57
  because
• 8:57
  I
• 8:57
  want
• 8:57
  that
• 8:57
  to
• 8:57
  sink
• 8:58
  in.
• 8:58
  Wisdom
• 8:59
  chooses
• 9:00
  timing,
• 9:01
  not
• 9:02
  just
• 9:02
  opportunity.
• 9:03
  So
• 9:03
  here's
• 9:04
  your
• 9:04
  one
• 9:04
  win
• 9:04
  for
• 9:05
  today.
• 9:06
  It's
• 9:06
  a
• 9:06
  great
• 9:06
  idea
• 9:07
  for
• 9:07
  all
• 9:07
  of
• 9:07
  us
• 9:07
  to
• 9:07
  do
• 9:08
  this.
• 9:08
  Write
• 9:09
  down
• 9:09
  what
• 9:09
  matters
• 9:10
  most
• 9:10
  in
• 9:10
  the
• 9:10
  next
• 9:11
  season
• 9:11
  of
• 9:11
  your
• 9:11
  life.
• 9:13
  Flexibility,
• 9:14
  stability
• 9:15
  or
• 9:15
  ownership.
• 9:16
  See,
• 9:16
  I
• 9:16
  think
• 9:16
  the
• 9:17
  thing
• 9:17
  is
• 9:17
  with
• 9:17
  this
• 9:17
  buying
• 9:18
  of
• 9:18
  a
• 9:18
  house
• 9:18
  thing,
• 9:19
  I
• 9:19
  think
• 9:19
  we
• 9:19
  hear
• 9:19
  a
• 9:20
  lot
• 9:20
  of
• 9:20
  chatter
• 9:21
  in
• 9:21
  our
• 9:21
  ear
• 9:21
  from
• 9:22
  everybody.
• 9:22
  Oh,
• 9:22
  well,
• 9:22
  you
• 9:22
  should
• 9:23
  own
• 9:23
  a
• 9:23
  home
• 9:23
  and
• 9:23
  you
• 9:24
  should
• 9:24
  do
• 9:24
  this.
• 9:25
  I'll
• 9:25
  tell
• 9:25
  you
• 9:25
  what,
• 9:25
  I've
• 9:26
  done
• 9:26
  both
• 9:27
  and
• 9:27
  I've
• 9:27
  had
• 9:28
  seasons
• 9:28
  in
• 9:28
  my
• 9:28
  life
• 9:28
  where
• 9:28
  being
• 9:29
  a
• 9:29
  renter
• 9:29
  was
• 9:29
  great
• 9:30
  and
• 9:30
  I've
• 9:30
  had
• 9:30
  season
• 9:31
  in
• 9:31
  my
• 9:31
  life
• 9:31
  when
• 9:31
  owning
• 9:32
  was
• 9:32
  great.
• 9:32
  Last
• 9:32
  couple
• 9:32
  of
• 9:32
  years
• 9:33
  have
• 9:33
  not
• 9:33
  been
• 9:33
  fun
• 9:34
  as
• 9:34
  an
• 9:34
  owner
• 9:35
  with
• 9:35
  spending
• 9:36
  money,
• 9:37
  but
• 9:37
  choose
• 9:37
  the
• 9:37
  option
• 9:38
  that
• 9:38
  best
• 9:38
  supports
• 9:39
  the
• 9:39
  prior
• 9:39
  in
• 9:40
  your
• 9:40
  life.
• 9:41
  It's
• 9:41
  not
• 9:42
  just
• 9:42
  financially
• 9:43
  that
• 9:43
  we're
• 9:43
  talking
• 9:43
  about
• 9:43
  this
• 9:44
  today.
• 9:44
  We're
• 9:44
  talking
• 9:45
  about
• 9:45
  practicality.
• 9:47
  Let's
• 9:47
  get
• 9:47
  right
• 9:48
  into
• 9:48
  the
• 9:48
  word
• 9:48
  of
• 9:48
  God.
• 9:48
  We're
• 9:49
  going
• 9:49
  to
• 9:49
  go
• 9:49
  to
• 9:49
  the
• 9:49
  book
• 9:49
  of
• 9:49
  Proverbs,
• 9:50
  chapter
• 9:51
  24,
• 9:51
  verse
• 9:52
  3.
• 9:53
  By
• 9:54
  wisdom
• 9:54
  a
• 9:54
  house
• 9:55
  is
• 9:55
  built
• 9:56
  and
• 9:56
  through
• 9:56
  understanding
• 9:57
  it
• 9:58
  is
• 9:58
  established.
• 10:00
  Now,
• 10:00
  I
• 10:00
  wanted
• 10:01
  to
• 10:01
  lean
• 10:01
  into
• 10:01
  this
• 10:02
  because
• 10:02
  I
• 10:02
  think
• 10:02
  this
• 10:02
  really
• 10:02
  fits
• 10:03
  today,
• 10:04
  building
• 10:04
  anything,
• 10:06
  especially
• 10:06
  a
• 10:06
  home.
• 10:07
  And
• 10:07
  we
• 10:07
  can
• 10:07
  change
• 10:07
  the
• 10:08
  word
• 10:08
  building
• 10:08
  for
• 10:08
  buying.
• 10:09
  But
• 10:10
  buying
• 10:10
  anything,
• 10:11
  especially
• 10:11
  a
• 10:11
  home,
• 10:12
  requires
• 10:13
  wisdom.
• 10:14
  It
• 10:14
  requires
• 10:14
  timing
• 10:15
  and
• 10:15
  a
• 10:16
  strong
• 10:16
  foundation,
• 10:17
  not
• 10:18
  just
• 10:18
  a
• 10:18
  desire
• 10:19
  to
• 10:19
  do
• 10:19
  it.
• 10:19
  I
• 10:19
  think
• 10:19
  that's
• 10:19
  the
• 10:20
  thing
• 10:20
  that
• 10:20
  gets
• 10:20
  so
• 10:20
  many
• 10:21
  of
• 10:21
  us
• 10:21
  in
• 10:21
  trouble.
• 10:22
  We
• 10:22
  have
• 10:22
  this
• 10:22
  desire
• 10:23
  because
• 10:23
  we
• 10:23
  hear,
• 10:23
  oh,
• 10:23
  renting,
• 10:24
  you're
• 10:24
  just
• 10:24
  throwing
• 10:25
  away
• 10:25
  money.
• 10:26
  But
• 10:26
  you've
• 10:26
  got
• 10:26
  to
• 10:26
  look
• 10:27
  at
• 10:27
  this
• 10:27
  big
• 10:27
  picture.
• 10:27
  Wisdom,
• 10:28
  timing
• 10:29
  and
• 10:29
  foundation,
• 10:30
  not
• 10:31
  just
• 10:31
  your
• 10:31
  desire.
• 10:32
  Let's
• 10:33
  pray
• 10:33
  to
• 10:33
  God
• 10:33
  right
• 10:34
  now.
• 10:34
  Heavenly
• 10:35
  Father,
• 10:36
  I
• 10:36
  lift
• 10:36
  up
• 10:37
  my
• 10:37
  friend
• 10:37
  who
• 10:37
  is
• 10:37
  standing
• 10:38
  at
• 10:38
  a
• 10:38
  crossroads.
• 10:39
  You
• 10:40
  can
• 10:40
  see
• 10:40
  they're
• 10:40
  not
• 10:40
  sure
• 10:41
  what
• 10:41
  to
• 10:41
  do.
• 10:42
  They're
• 10:42
  trying
• 10:42
  to
• 10:42
  make
• 10:42
  a
• 10:43
  wise
• 10:43
  decision
• 10:43
  for
• 10:44
  their
• 10:44
  future.
• 10:45
  And
• 10:45
  Lord,
• 10:46
  you
• 10:46
  see
• 10:46
  the
• 10:46
  diligence
• 10:47
  in
• 10:47
  their
• 10:47
  thought
• 10:48
  process.
• 10:49
  You
• 10:49
  see
• 10:49
  their
• 10:49
  discipline
• 10:51
  and
• 10:51
  you
• 10:51
  see
• 10:51
  that
• 10:51
  desire
• 10:52
  that
• 10:52
  so
• 10:52
  many
• 10:53
  of
• 10:53
  us
• 10:53
  have
• 10:53
  to
• 10:53
  do
• 10:54
  this
• 10:54
  the
• 10:54
  right
• 10:54
  way.
• 10:55
  And
• 10:55
  Lord,
• 10:56
  I
• 10:56
  ask
• 10:56
  them
• 10:56
  right
• 10:57
  now
• 10:57
  that
• 10:57
  you
• 10:57
  would
• 10:57
  give
• 10:58
  them
• 10:58
  wisdom
• 10:58
  beyond
• 10:59
  the
• 10:59
  numbers.
• 11:00
  So
• 11:01
  easy
• 11:01
  to
• 11:01
  get
• 11:01
  stuck
• 11:02
  on
• 11:02
  the
• 11:02
  numbers,
• 11:02
  Lord,
• 11:03
  but
• 11:03
  help
• 11:04
  them
• 11:04
  to
• 11:04
  see
• 11:04
  clearly
• 11:04
  what
• 11:05
  the
• 11:05
  season
• 11:05
  they
• 11:06
  are
• 11:06
  in
• 11:06
  in
• 11:06
  their
• 11:06
  lives
• 11:07
  and
• 11:08
  what
• 11:08
  step
• 11:08
  is
• 11:08
  best
• 11:09
  right
• 11:09
  now
• 11:09
  for
• 11:10
  them.
• 11:11
  Lord,
• 11:11
  I
• 11:11
  ask
• 11:11
  that
• 11:11
  you
• 11:12
  would
• 11:12
  remove
• 11:12
  that
• 11:12
  pressure
• 11:13
  to
• 11:13
  rush
• 11:13
  into
• 11:14
  a
• 11:14
  decision
• 11:15
  and
• 11:15
  replace
• 11:15
  it
• 11:16
  with
• 11:16
  peace
• 11:17
  and
• 11:17
  replace
• 11:17
  it
• 11:18
  with
• 11:18
  confidence.
• 11:19
  Guide
• 11:20
  all
• 11:20
  of
• 11:20
  our
• 11:20
  decisions,
• 11:21
  protect
• 11:22
  our
• 11:22
  futures
• 11:23
  and
• 11:23
  remind
• 11:24
  us
• 11:24
  that
• 11:24
  waiting
• 11:24
  can
• 11:25
  be
• 11:25
  part
• 11:25
  of
• 11:25
  your
• 11:25
  plan.
• 11:26
  Lord,
• 11:26
  we
• 11:26
  might
• 11:26
  not
• 11:27
  like
• 11:27
  it,
• 11:27
  but
• 11:28
  sometimes
• 11:28
  your
• 11:28
  very
• 11:29
  plan
• 11:29
  is
• 11:30
  for
• 11:30
  us
• 11:30
  to
• 11:30
  wait.
• 11:31
  And
• 11:32
  we
• 11:32
  ask
• 11:32
  this
• 11:32
  in
• 11:33
  the
• 11:33
  name
• 11:33
  of
• 11:33
  Jesus.
• 11:35
  Amen.
• 11:37
  Friend,
• 11:37
  I
• 11:37
  want
• 11:37
  to
• 11:37
  leave
• 11:37
  you
• 11:37
  with
• 11:38
  this
• 11:39
  a
• 11:39
  why
• 11:40
  start
• 11:41
  set
• 11:41
  you
• 11:41
  up
• 11:41
  for
• 11:41
  a
• 11:42
  strong
• 11:42
  future.
• 11:43
  It
• 11:44
  just
• 11:44
  does
• 11:45
  that
• 11:45
  why
• 11:45
  start
• 11:46
  can
• 11:47
  lead
• 11:47
  to
• 11:47
  a
• 11:47
  strong
• 11:47
  future.
• 11:48
  I've
• 11:48
  seen
• 11:48
  so
• 11:48
  many
• 11:48
  people
• 11:49
  make
• 11:49
  this
• 11:49
  decision
• 11:50
  and
• 11:50
  bury
• 11:51
  themselves
• 11:51
  in
• 11:51
  something
• 11:51
  that's
• 11:52
  hard
• 11:52
  to
• 11:52
  recover
• 11:52
  from.
• 11:54
  And
• 11:54
  right
• 11:54
  now
• 11:54
  maybe
• 11:55
  you're
• 11:55
  facing
• 11:55
  a
• 11:55
  financial
• 11:56
  decision
• 11:57
  and
• 11:57
  you
• 11:57
  want
• 11:57
  some
• 11:57
  guidance.
• 11:58
  You
• 11:58
  want
• 11:58
  somebody
• 11:58
  that's
• 11:59
  been
• 11:59
  down
• 11:59
  there
• 11:59
  and
• 11:59
  done
• 12:00
  that.
• 12:00
  I've
• 12:00
  done
• 12:00
  a
• 12:00
  lot
• 12:00
  of
• 12:00
  things
• 12:01
  in
• 12:01
  my
• 12:01
  53
• 12:02
  years
• 12:02
  and
• 12:02
  if
• 12:02
  I
• 12:03
  haven't
• 12:03
  done
• 12:03
  it
• 12:03
  my
• 12:04
  30
• 12:04
  years
• 12:04
  working
• 12:05
  with
• 12:05
  people,
• 12:05
  I've
• 12:05
  probably
• 12:06
  seen
• 12:06
  it
• 12:06
  and
• 12:07
  I
• 12:07
  would
• 12:07
  love
• 12:07
  to
• 12:07
  hear
• 12:07
  what's
• 12:08
  going
• 12:08
  on
• 12:08
  in
• 12:08
  your
• 12:08
  life.
• 12:09
  You
• 12:09
  can
• 12:09
  record
• 12:09
  a
• 12:10
  voicemail
• 12:10
  message
• 12:11
  for
• 12:11
  me
• 12:11
  by
• 12:11
  going
• 12:11
  to
• 12:12
  financiallyconfidentchristian.com/voicemail
• 12:16
  we've
• 12:17
  made
• 12:17
  it
• 12:17
  super
• 12:17
  simple.
• 12:17
  We'll
• 12:18
  put
• 12:18
  a
• 12:18
  link
• 12:18
  in
• 12:18
  the
• 12:18
  show
• 12:18
  notes,
• 12:19
  but
• 12:19
  you
• 12:19
  can
• 12:19
  just
• 12:19
  record
• 12:19
  a
• 12:20
  quick
• 12:20
  message
• 12:21
  and
• 12:21
  I
• 12:21
  would
• 12:22
  really
• 12:22
  like
• 12:22
  to
• 12:22
  hear
• 12:22
  from
• 12:23
  you
• 12:25
  at
• 12:26
  financiallyconfidentchristian.com/voicemail
• 12:28
  I
• 12:28
  just
• 12:28
  want
• 12:28
  to
• 12:28
  thank
• 12:29
  you
• 12:29
  so
• 12:29
  much
• 12:29
  for
• 12:29
  joining
• 12:30
  me
• 12:30
  today.
• 12:30
  Thank
• 12:30
  you
• 12:30
  for
• 12:30
  the
• 12:31
  voicemail
• 12:31
  question.
• 12:32
  I
• 12:32
  feel
• 12:33
  what
• 12:33
  you're
• 12:33
  going
• 12:33
  through.
• 12:33
  I've
• 12:34
  been
• 12:34
  there
• 12:34
  and
• 12:34
  done
• 12:34
  that.
• 12:35
  But
• 12:35
  you
• 12:35
  can
• 12:35
  do
• 12:35
  this.
• 12:36
  You'll
• 12:36
  figure
• 12:36
  it
• 12:36
  out.
• 12:37
  Stay
• 12:37
  financially
• 12:38
  savvy,
• 12:38
  my
• 12:39
  friend.
• 12:39
  May
• 12:39
  God
• 12:40
  bless
• 12:40
  you
• 12:40
  and
• 12:41
  you
• 12:41
  have
• 12:41
  a
• 12:41
  great
• 12:41
  day
• 12:42
  today.