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I Know What I Can Afford - How Do I Prepare Financially to Buy That Home? · Becoming Financially Confident

• 0:00
  You
• 0:00
  figured
• 0:00
  out
• 0:00
  what
• 0:01
  you
• 0:01
  can
• 0:01
  comfortably
• 0:01
  afford
• 0:02
  for
• 0:02
  a
• 0:02
  home.
• 0:02
  That's
• 0:03
  a
• 0:03
  huge
• 0:03
  step.
• 0:04
  But
• 0:05
  now
• 0:05
  comes
• 0:05
  the
• 0:05
  daunting
• 0:06
  part
• 0:06
  actually
• 0:07
  getting
• 0:07
  the
• 0:08
  money
• 0:08
  together
• 0:08
  and
• 0:09
  getting
• 0:09
  your
• 0:09
  finances
• 0:10
  ready
• 0:10
  for
• 0:10
  this
• 0:10
  massive
• 0:11
  purchase.
• 0:12
  If
• 0:12
  preparing
• 0:13
  for
• 0:13
  the
• 0:13
  financial
• 0:14
  side
• 0:14
  of
• 0:14
  home
• 0:14
  buying
• 0:15
  feels
• 0:15
  overwhelming
• 0:16
  to
• 0:16
  you,
• 0:16
  first
• 0:16
  of
• 0:16
  all,
• 0:17
  you're
• 0:17
  not
• 0:17
  alone.
• 0:17
  But
• 0:17
  stick
• 0:18
  with
• 0:18
  me
• 0:18
  because
• 0:18
  we're
• 0:19
  going
• 0:19
  to
• 0:19
  break
• 0:19
  down
• 0:19
  exactly
• 0:20
  how
• 0:20
  to
• 0:20
  do
• 0:20
  that
• 0:21
  on
• 0:21
  today's
• 0:21
  show.
• 0:24
  This
• 0:24
  is
• 0:24
  Financially
• 0:25
  Confident
• 0:25
  Christian,
• 0:26
  your
• 0:26
  daily
• 0:26
  dose
• 0:27
  of
• 0:27
  gospel,
• 0:27
  grounded
• 0:28
  insight
• 0:28
  and
• 0:29
  faith
• 0:29
  driven
• 0:29
  tips
• 0:30
  to
• 0:30
  help
• 0:30
  you
• 0:30
  break
• 0:31
  the
• 0:31
  cycle
• 0:31
  of
• 0:31
  financial
• 0:31
  financial
• 0:32
  shame
• 0:32
  with
• 0:32
  confidence.
• 0:36
  Hey
• 0:36
  there
• 0:37
  and
• 0:37
  welcome
• 0:37
  back
• 0:37
  to
• 0:38
  your
• 0:38
  daily
• 0:38
  Financially
• 0:39
  Confident
• 0:39
  Christian.
• 0:40
  I'm
• 0:40
  Ralph
• 0:40
  and
• 0:40
  it's
• 0:41
  great
• 0:41
  to
• 0:41
  be
• 0:41
  with
• 0:41
  you
• 0:41
  again.
• 0:42
  As
• 0:42
  always,
• 0:43
  this
• 0:43
  is
• 0:43
  the
• 0:43
  show
• 0:43
  that
• 0:44
  helps
• 0:44
  you
• 0:44
  answer
• 0:44
  that
• 0:45
  question,
• 0:45
  how
• 0:46
  can
• 0:46
  I
• 0:46
  become
• 0:46
  a
• 0:47
  financially
• 0:48
  confident
• 0:48
  Christian?
• 0:49
  And
• 0:49
  we're
• 0:49
  deep
• 0:49
  into
• 0:50
  our
• 0:50
  homeownership
• 0:51
  sort
• 0:51
  of
• 0:51
  miniseries
• 0:52
  here
• 0:52
  in
• 0:52
  the
• 0:53
  midst
• 0:53
  of
• 0:53
  our
• 0:53
  main
• 0:54
  series
• 0:54
  and
• 0:54
  that's
• 0:54
  dealing
• 0:55
  with
• 0:55
  the
• 0:55
  stress
• 0:55
  of
• 0:56
  money
• 0:56
  worries.
• 0:57
  And
• 0:57
  yesterday
• 0:57
  we
• 0:57
  had
• 0:58
  a
• 0:58
  real
• 0:58
  honest
• 0:59
  and
• 0:59
  frank
• 0:59
  communication
• 1:00
  on
• 1:00
  about
• 1:00
  deciding
• 1:01
  if
• 1:01
  and
• 1:02
  when
• 1:02
  homeownership
• 1:03
  is
• 1:03
  the
• 1:03
  right
• 1:04
  financial
• 1:04
  move
• 1:04
  for
• 1:05
  you.
• 1:05
  I
• 1:05
  hope
• 1:05
  you
• 1:06
  really
• 1:06
  enjoyed
• 1:06
  that
• 1:06
  episode.
• 1:07
  If
• 1:07
  you
• 1:07
  miss
• 1:07
  it,
• 1:07
  I'm
• 1:07
  going
• 1:07
  to
• 1:07
  encourage
• 1:08
  you
• 1:08
  to
• 1:08
  check
• 1:08
  it
• 1:08
  out.
• 1:09
  But
• 1:09
  we
• 1:09
  talked
• 1:09
  about
• 1:10
  how
• 1:10
  you
• 1:10
  can
• 1:10
  assess
• 1:11
  what
• 1:11
  you
• 1:11
  can
• 1:11
  comfortably
• 1:12
  afford.
• 1:13
  We
• 1:13
  looked
• 1:13
  at
• 1:13
  your
• 1:13
  budget,
• 1:14
  not
• 1:14
  just
• 1:14
  what
• 1:14
  the
• 1:15
  lender
• 1:15
  might
• 1:15
  offer,
• 1:15
  because
• 1:16
  truth
• 1:16
  is,
• 1:16
  the
• 1:16
  lenders
• 1:17
  will
• 1:17
  tell
• 1:17
  you
• 1:17
  you
• 1:17
  might
• 1:18
  be
• 1:18
  able
• 1:18
  to
• 1:18
  buy
• 1:18
  something,
• 1:19
  but
• 1:19
  you're
• 1:19
  not
• 1:19
  going
• 1:20
  to
• 1:20
  be
• 1:20
  comfortable
• 1:20
  with
• 1:20
  that.
• 1:21
  But
• 1:21
  today
• 1:21
  we're
• 1:22
  going
• 1:22
  to
• 1:22
  take
• 1:22
  the
• 1:22
  the
• 1:23
  move
• 1:23
  and
• 1:23
  go
• 1:23
  to
• 1:23
  the
• 1:24
  next
• 1:24
  step.
• 1:24
  And
• 1:24
  that
• 1:24
  is,
• 1:25
  hey,
• 1:25
  I've
• 1:25
  decided
• 1:26
  it's
• 1:26
  time
• 1:27
  for
• 1:27
  me
• 1:27
  to
• 1:27
  start
• 1:27
  preparing
• 1:28
  to
• 1:28
  buy
• 1:28
  a
• 1:28
  house.
• 1:28
  So
• 1:29
  we're
• 1:29
  going
• 1:29
  to
• 1:29
  talk
• 1:29
  about
• 1:29
  some
• 1:30
  practical
• 1:30
  financial
• 1:31
  preparations
• 1:32
  needed.
• 1:32
  Because
• 1:33
  once
• 1:33
  you
• 1:33
  decide
• 1:33
  on
• 1:34
  buying
• 1:34
  the
• 1:34
  house,
• 1:34
  the
• 1:34
  next
• 1:35
  step
• 1:35
  is
• 1:35
  to
• 1:36
  really
• 1:36
  have
• 1:37
  this
• 1:37
  process
• 1:37
  in
• 1:38
  place.
• 1:38
  Because
• 1:38
  I
• 1:39
  get
• 1:39
  it,
• 1:39
  the
• 1:39
  financial
• 1:40
  process
• 1:40
  can
• 1:41
  feel
• 1:41
  complex,
• 1:42
  it
• 1:42
  can
• 1:42
  feel
• 1:42
  stressful.
• 1:43
  But
• 1:43
  here's
• 1:43
  what
• 1:43
  I'm
• 1:43
  going
• 1:43
  to
• 1:44
  tell
• 1:44
  you
• 1:44
  today.
• 1:44
  With
• 1:45
  focused
• 1:45
  preparation,
• 1:46
  you
• 1:46
  can
• 1:47
  navigate
• 1:47
  it
• 1:47
  with
• 1:47
  greater
• 1:48
  peace.
• 1:48
  So
• 1:49
  let's
• 1:49
  tackle
• 1:49
  the
• 1:49
  question
• 1:49
  for
• 1:50
  today.
• 1:50
  I
• 1:50
  know
• 1:51
  what
• 1:51
  I
• 1:51
  can
• 1:51
  afford
• 1:51
  now.
• 1:52
  How
• 1:52
  do
• 1:52
  I
• 1:53
  prepare
• 1:53
  financially
• 1:54
  to
• 1:54
  buy
• 1:54
  that
• 1:55
  home?
• 1:56
  Once
• 1:56
  you've
• 1:56
  done
• 1:56
  the
• 1:57
  math,
• 1:57
  you
• 1:57
  know
• 1:57
  the
• 1:57
  realistic
• 1:58
  price
• 1:58
  range
• 1:59
  and
• 1:59
  you're
• 1:59
  excited
• 1:59
  about
• 2:00
  the
• 2:00
  possibility
• 2:01
  of
• 2:01
  buying
• 2:01
  a
• 2:01
  house.
• 2:02
  But
• 2:02
  then
• 2:03
  you
• 2:03
  start
• 2:03
  thinking
• 2:03
  about
• 2:04
  the
• 2:04
  specifics
• 2:04
  and
• 2:05
  coming
• 2:05
  up
• 2:05
  with
• 2:05
  that
• 2:06
  big
• 2:06
  down
• 2:06
  payment
• 2:07
  money
• 2:07
  or
• 2:07
  maybe
• 2:08
  navigating
• 2:09
  the
• 2:09
  mortgage
• 2:09
  application
• 2:10
  process
• 2:10
  and
• 2:11
  then
• 2:11
  understanding
• 2:12
  the
• 2:12
  closing
• 2:13
  costs.
• 2:13
  Trust
• 2:13
  me,
• 2:14
  those
• 2:14
  can
• 2:14
  be
• 2:14
  thousands
• 2:15
  of
• 2:15
  dollars.
• 2:15
  Well,
• 2:15
  guess
• 2:16
  what?
• 2:16
  Tomorrow
• 2:16
  we're
• 2:16
  going
• 2:16
  to
• 2:17
  talk
• 2:17
  about
• 2:17
  the
• 2:17
  mortgage
• 2:17
  application
• 2:18
  process
• 2:18
  and,
• 2:19
  and
• 2:19
  the
• 2:19
  next
• 2:19
  day
• 2:19
  we're
• 2:20
  actually
• 2:20
  going
• 2:20
  to
• 2:20
  talk
• 2:20
  about
• 2:20
  those
• 2:21
  closing
• 2:21
  costs
• 2:22
  and
• 2:22
  then
• 2:22
  the
• 2:23
  next
• 2:23
  day
• 2:23
  after
• 2:23
  that,
• 2:23
  we're
• 2:23
  actually
• 2:23
  going
• 2:24
  to
• 2:24
  talk
• 2:24
  about
• 2:24
  managing
• 2:25
  expenses
• 2:26
  once
• 2:26
  you
• 2:26
  buy
• 2:26
  the
• 2:27
  house.
• 2:27
  But
• 2:27
  listen,
• 2:28
  managing
• 2:28
  expenses
• 2:29
  during
• 2:29
  this
• 2:30
  transition
• 2:30
  are
• 2:31
  major
• 2:31
  stressors
• 2:32
  for
• 2:32
  a
• 2:32
  lot
• 2:32
  of
• 2:32
  people.
• 2:33
  They're
• 2:33
  complex
• 2:34
  and
• 2:34
  the
• 2:34
  sheer
• 2:34
  amount
• 2:35
  of
• 2:35
  money
• 2:35
  involved
• 2:36
  can
• 2:36
  feel
• 2:36
  daunting
• 2:37
  and
• 2:38
  anxiety
• 2:38
  inducing.
• 2:39
  Trust
• 2:39
  me,
• 2:39
  I've
• 2:40
  been
• 2:40
  there.
• 2:40
  But
• 2:41
  here's
• 2:41
  the
• 2:41
  thing
• 2:41
  you
• 2:41
  need
• 2:41
  to
• 2:42
  understand.
• 2:43
  Preparing
• 2:43
  diligently
• 2:44
  for
• 2:44
  a
• 2:44
  major
• 2:45
  fault
• 2:45
  financial
• 2:45
  undertaking
• 2:46
  like
• 2:46
  buying
• 2:47
  a
• 2:47
  home
• 2:47
  is
• 2:48
  actually
• 2:48
  a
• 2:49
  very
• 2:49
  crucial
• 2:50
  part
• 2:50
  of
• 2:50
  wise
• 2:51
  stewardship.
• 2:51
  And
• 2:51
  I
• 2:52
  want
• 2:52
  to
• 2:52
  connect
• 2:52
  it
• 2:52
  to
• 2:52
  the
• 2:52
  Bible.
• 2:53
  I
• 2:53
  want
• 2:53
  to
• 2:54
  correct
• 2:54
  it
• 2:54
  directly
• 2:54
  to
• 2:54
  the
• 2:55
  biblical
• 2:55
  principles
• 2:55
  of
• 2:56
  careful
• 2:56
  preparation
• 2:57
  and
• 2:57
  ensuring
• 2:58
  resources
• 2:58
  in
• 2:59
  order
• 2:59
  before
• 2:59
  making
• 3:00
  a
• 3:00
  major
• 3:00
  commitment.
• 3:01
  Talked
• 3:02
  about
• 3:02
  this
• 3:02
  yesterday,
• 3:02
  that
• 3:03
  Luke,
• 3:03
  chapter
• 3:04
  14,
• 3:04
  verses
• 3:05
  28
• 3:05
  to
• 3:05
  30
• 3:06
  reference,
• 3:06
  talked
• 3:07
  about
• 3:07
  the
• 3:07
  cost
• 3:07
  of
• 3:08
  building
• 3:08
  that
• 3:08
  tower,
• 3:09
  making
• 3:09
  sure
• 3:09
  you're,
• 3:09
  you're
• 3:10
  counting
• 3:10
  that
• 3:10
  cost.
• 3:12
  But
• 3:12
  preparing
• 3:12
  financially
• 3:13
  for
• 3:13
  a
• 3:14
  home
• 3:14
  purchase
• 3:14
  is
• 3:15
  an
• 3:15
  act
• 3:15
  of
• 3:15
  responsible
• 3:16
  stewardship.
• 3:17
  It
• 3:17
  just
• 3:17
  is.
• 3:17
  It
• 3:18
  demonstrates
• 3:18
  foresight
• 3:19
  in,
• 3:19
  it
• 3:19
  demonstrates
• 3:20
  diligence
• 3:21
  in
• 3:21
  really
• 3:22
  managing
• 3:22
  the
• 3:22
  resources
• 3:23
  that
• 3:23
  God
• 3:24
  has
• 3:24
  given
• 3:24
  you
• 3:24
  and
• 3:25
  trusting
• 3:25
  him
• 3:25
  because
• 3:26
  you're
• 3:26
  going
• 3:26
  to
• 3:26
  need
• 3:26
  him
• 3:27
  through
• 3:27
  this
• 3:27
  process.
• 3:27
  So
• 3:28
  now
• 3:28
  you're
• 3:28
  sitting
• 3:28
  there
• 3:28
  going,
• 3:29
  ralph,
• 3:29
  okay,
• 3:29
  you
• 3:29
  got
• 3:30
  it.
• 3:30
  I
• 3:30
  figured
• 3:30
  out
• 3:30
  what
• 3:30
  I
• 3:30
  can
• 3:31
  comfortably
• 3:31
  afford
• 3:32
  to
• 3:32
  buy.
• 3:32
  What
• 3:33
  can
• 3:33
  I
• 3:33
  do
• 3:33
  now?
• 3:33
  How
• 3:33
  do
• 3:34
  I
• 3:34
  move
• 3:34
  from
• 3:35
  knowing
• 3:35
  what
• 3:35
  I
• 3:35
  can
• 3:35
  afford
• 3:36
  to
• 3:36
  actually
• 3:37
  being
• 3:37
  financially
• 3:38
  prepared
• 3:38
  to
• 3:38
  actually
• 3:39
  buy
• 3:39
  that
• 3:39
  home?
• 3:40
  But
• 3:40
  Ralph,
• 3:40
  I
• 3:41
  want
• 3:41
  to
• 3:41
  do
• 3:41
  it
• 3:41
  with
• 3:41
  peace
• 3:42
  and
• 3:42
  I
• 3:42
  don't
• 3:42
  want
• 3:42
  to
• 3:43
  get
• 3:43
  stressed
• 3:43
  out.
• 3:43
  Like
• 3:43
  I've
• 3:44
  seen
• 3:44
  some
• 3:44
  of
• 3:44
  my
• 3:44
  friends
• 3:45
  who
• 3:45
  have
• 3:45
  gone
• 3:45
  through
• 3:46
  the
• 3:46
  process
• 3:46
  and
• 3:46
  they
• 3:47
  are
• 3:47
  just
• 3:47
  super
• 3:47
  stressed
• 3:48
  out.
• 3:48
  Well,
• 3:48
  I've
• 3:48
  got
• 3:49
  a
• 3:49
  solution
• 3:49
  for
• 3:49
  you.
• 3:50
  I've
• 3:50
  got
• 3:50
  an
• 3:50
  actionable
• 3:51
  step.
• 3:52
  First
• 3:52
  thing
• 3:52
  you've
• 3:52
  got
• 3:52
  to
• 3:53
  do
• 3:53
  is
• 3:53
  start
• 3:53
  building
• 3:53
  up
• 3:54
  the
• 3:54
  necessary
• 3:54
  funds
• 3:55
  for
• 3:55
  that
• 3:55
  down
• 3:55
  payment,
• 3:56
  for
• 3:56
  those
• 3:56
  closing
• 3:57
  costs
• 3:57
  and
• 3:58
  for
• 3:58
  those
• 3:58
  reserves.
• 3:59
  Because
• 3:59
  I
• 3:59
  want
• 3:59
  to
• 3:59
  make
• 4:00
  sure
• 4:00
  you're
• 4:00
  in,
• 4:00
  in
• 4:01
  a
• 4:01
  good
• 4:01
  financial
• 4:02
  profile
• 4:03
  that
• 4:03
  is
• 4:03
  strong
• 4:03
  before
• 4:04
  you
• 4:04
  get
• 4:04
  involved
• 4:05
  in
• 4:05
  this
• 4:05
  too
• 4:05
  deeply
• 4:06
  because
• 4:06
  you
• 4:06
  got
• 4:07
  to
• 4:07
  really
• 4:07
  be
• 4:08
  aware
• 4:08
  of
• 4:08
  discipline,
• 4:09
  savings
• 4:09
  and
• 4:10
  a
• 4:10
  financial
• 4:10
  cleanup
• 4:11
  and
• 4:11
  in
• 4:11
  preparation
• 4:12
  for
• 4:12
  the
• 4:12
  home
• 4:12
  purchasing
• 4:13
  process.
• 4:13
  So
• 4:14
  I've
• 4:14
  got
• 4:14
  one
• 4:14
  action
• 4:15
  item
• 4:15
  for
• 4:15
  you
• 4:15
  today
• 4:16
  to
• 4:16
  help
• 4:16
  you
• 4:16
  focus
• 4:17
  on
• 4:17
  that
• 4:17
  practical
• 4:18
  financial
• 4:18
  preparations
• 4:19
  for
• 4:20
  buying
• 4:20
  a
• 4:20
  home.
• 4:21
  The
• 4:21
  first
• 4:21
  thing
• 4:21
  you
• 4:22
  absolutely
• 4:22
  must
• 4:22
  do
• 4:23
  is
• 4:23
  create
• 4:23
  a
• 4:24
  targeted
• 4:24
  savings
• 4:25
  plan
• 4:25
  for
• 4:25
  those
• 4:25
  down
• 4:25
  payment
• 4:26
  and
• 4:26
  closing
• 4:27
  costs.
• 4:27
  So
• 4:27
  once
• 4:28
  you've
• 4:28
  decided
• 4:28
  on
• 4:29
  how
• 4:29
  much
• 4:29
  you're
• 4:29
  going
• 4:30
  to
• 4:30
  spend
• 4:30
  for
• 4:30
  the
• 4:30
  house,
• 4:31
  then
• 4:31
  you
• 4:31
  got
• 4:31
  to
• 4:31
  start
• 4:32
  thinking
• 4:32
  about
• 4:32
  how
• 4:32
  much
• 4:33
  am
• 4:33
  I
• 4:33
  going
• 4:33
  to
• 4:33
  need
• 4:34
  for
• 4:34
  a
• 4:34
  down
• 4:34
  payment.
• 4:35
  There
• 4:35
  are
• 4:35
  different
• 4:36
  programs,
• 4:36
  FHA,
• 4:37
  VA,
• 4:38
  all
• 4:38
  those
• 4:38
  kind
• 4:38
  of
• 4:38
  things,
• 4:39
  but
• 4:39
  you
• 4:39
  really
• 4:39
  have
• 4:39
  to
• 4:40
  start
• 4:40
  laser
• 4:40
  focusing
• 4:41
  on
• 4:41
  are
• 4:41
  you
• 4:41
  going
• 4:41
  to
• 4:41
  need
• 4:42
  5%
• 4:42
  down
• 4:43
  or
• 4:43
  10%
• 4:44
  down
• 4:44
  or
• 4:45
  20%
• 4:45
  down.
• 4:45
  And
• 4:46
  you've
• 4:46
  got
• 4:46
  to
• 4:46
  set
• 4:47
  a
• 4:47
  specific
• 4:47
  dollar
• 4:48
  amount
• 4:48
  that
• 4:48
  you
• 4:48
  need
• 4:49
  to
• 4:49
  save
• 4:49
  for
• 4:49
  that
• 4:49
  down
• 4:50
  payment.
• 4:50
  Put
• 4:51
  that
• 4:51
  in
• 4:51
  writing,
• 4:51
  make
• 4:52
  a
• 4:52
  special
• 4:52
  account
• 4:52
  or
• 4:53
  something
• 4:53
  like
• 4:53
  that.
• 4:54
  Then
• 4:54
  the
• 4:54
  next
• 4:54
  step
• 4:55
  is
• 4:55
  to
• 4:55
  actually
• 4:55
  research
• 4:56
  the
• 4:56
  typical
• 4:57
  closing
• 4:57
  cost
• 4:58
  in
• 4:58
  your
• 4:58
  area.
• 4:58
  Now,
• 4:58
  I
• 4:58
  will
• 4:59
  tell
• 4:59
  you,
• 4:59
  generally
• 5:00
  it's
• 5:00
  a
• 5:01
  general
• 5:01
  statement.
• 5:01
  They
• 5:02
  generally
• 5:02
  run
• 5:02
  between
• 5:03
  2
• 5:03
  to
• 5:03
  5%
• 5:04
  of
• 5:04
  the
• 5:04
  loan
• 5:04
  amount.
• 5:05
  And
• 5:05
  you
• 5:06
  also
• 5:06
  have
• 5:06
  to
• 5:06
  add
• 5:07
  a
• 5:07
  little
• 5:07
  cushion
• 5:07
  to
• 5:08
  that.
• 5:08
  Once
• 5:08
  you
• 5:09
  do
• 5:09
  that,
• 5:09
  then
• 5:09
  create
• 5:09
  a
• 5:10
  focused
• 5:10
  savings
• 5:10
  goal
• 5:11
  for
• 5:11
  this
• 5:11
  amount
• 5:11
  as
• 5:12
  well.
• 5:12
  Go
• 5:12
  back
• 5:13
  and
• 5:13
  look
• 5:13
  at
• 5:13
  your
• 5:13
  budget
• 5:13
  and
• 5:14
  see
• 5:14
  what
• 5:14
  you
• 5:14
  can
• 5:15
  increase
• 5:15
  in
• 5:15
  your
• 5:15
  savings
• 5:16
  towards
• 5:16
  that
• 5:16
  goal.
• 5:17
  Because
• 5:17
  here's
• 5:17
  a
• 5:17
  little
• 5:18
  truth.
• 5:18
  Every
• 5:19
  extra
• 5:19
  dollar
• 5:20
  saved
• 5:20
  builds
• 5:21
  momentum
• 5:21
  for
• 5:22
  the
• 5:22
  future.
• 5:23
  So
• 5:23
  once
• 5:23
  you've
• 5:23
  got
• 5:24
  that
• 5:24
  done,
• 5:24
  you
• 5:24
  put
• 5:25
  that
• 5:25
  savings
• 5:25
  plan
• 5:26
  together,
• 5:26
  then
• 5:26
  what
• 5:26
  I'm
• 5:27
  going
• 5:27
  to
• 5:27
  encourage
• 5:27
  you
• 5:27
  is
• 5:27
  continue
• 5:28
  to
• 5:28
  strengthen
• 5:29
  or
• 5:29
  maintain
• 5:29
  that
• 5:30
  emergency
• 5:30
  fund.
• 5:30
  Because
• 5:31
  here's
• 5:31
  the
• 5:31
  thing
• 5:31
  you
• 5:31
  need
• 5:32
  to
• 5:32
  understand.
• 5:33
  Lenders
• 5:33
  want
• 5:33
  to
• 5:34
  see
• 5:34
  what
• 5:34
  they'll
• 5:34
  call
• 5:34
  a
• 5:35
  financial
• 5:35
  reserve.
• 5:36
  They
• 5:36
  want
• 5:36
  to
• 5:37
  make
• 5:37
  sure
• 5:37
  that
• 5:37
  you
• 5:37
  have
• 5:37
  money
• 5:37
  beyond
• 5:38
  that
• 5:38
  down
• 5:38
  payment.
• 5:39
  Because
• 5:39
  guess
• 5:39
  what?
• 5:39
  They
• 5:40
  realize
• 5:40
  there
• 5:40
  are
• 5:41
  things
• 5:41
  that
• 5:41
  are
• 5:41
  going
• 5:41
  to
• 5:41
  happen
• 5:42
  when
• 5:42
  you
• 5:42
  once
• 5:42
  you
• 5:42
  buy
• 5:43
  this
• 5:43
  home.
• 5:43
  And
• 5:43
  you're
• 5:43
  going
• 5:43
  to
• 5:44
  need
• 5:44
  that
• 5:44
  emergency
• 5:44
  fund
• 5:45
  for
• 5:45
  those
• 5:45
  unexpected
• 5:46
  home
• 5:46
  repairs
• 5:47
  or
• 5:47
  maybe
• 5:48
  those
• 5:48
  maintenance
• 5:48
  issues
• 5:49
  that
• 5:49
  you
• 5:49
  weren't
• 5:50
  expecting.
• 5:50
  I
• 5:50
  remember
• 5:51
  buying
• 5:51
  my
• 5:51
  first
• 5:52
  home.
• 5:52
  Two
• 5:52
  or
• 5:52
  three
• 5:52
  weeks
• 5:53
  after
• 5:53
  I
• 5:53
  bought
• 5:53
  it,
• 5:53
  the
• 5:54
  air
• 5:54
  conditioner
• 5:54
  blew
• 5:55
  up.
• 5:55
  Fortunately,
• 5:56
  I
• 5:56
  had
• 5:56
  set
• 5:56
  aside
• 5:57
  some
• 5:57
  extra
• 5:57
  money
• 5:57
  and
• 5:58
  I
• 5:58
  was
• 5:58
  able
• 5:58
  to
• 5:58
  go
• 5:58
  take
• 5:59
  care
• 5:59
  of
• 5:59
  that.
• 5:59
  But
• 5:59
  again,
• 5:59
  I'm
• 6:00
  going
• 6:00
  to
• 6:00
  really
• 6:00
  try
• 6:01
  to
• 6:01
  get
• 6:01
  you
• 6:01
  to
• 6:01
  focus
• 6:01
  on
• 6:02
  building
• 6:02
  that
• 6:03
  solid
• 6:03
  emergency
• 6:04
  fund.
• 6:04
  Three
• 6:04
  to
• 6:04
  six
• 6:05
  months
• 6:05
  of
• 6:05
  essential
• 6:06
  living
• 6:06
  expenses
• 6:07
  in
• 6:07
  that
• 6:07
  separate
• 6:07
  account,
• 6:08
  and
• 6:08
  that's
• 6:08
  in
• 6:08
  addition
• 6:09
  to
• 6:09
  to
• 6:09
  your
• 6:10
  down
• 6:10
  payment.
• 6:10
  Now,
• 6:11
  while
• 6:11
  you're
• 6:11
  in
• 6:11
  this
• 6:12
  process,
• 6:12
  as
• 6:12
  you're
• 6:13
  saving
• 6:13
  money,
• 6:14
  you're
• 6:14
  starting
• 6:14
  to
• 6:14
  think
• 6:14
  about
• 6:15
  building
• 6:15
  that
• 6:15
  emergency
• 6:16
  fund.
• 6:16
  Another
• 6:17
  thing
• 6:17
  I'm
• 6:17
  going
• 6:17
  to
• 6:17
  highly
• 6:17
  encourage
• 6:18
  you
• 6:18
  to
• 6:18
  do
• 6:18
  is
• 6:19
  review
• 6:19
  and
• 6:19
  polish
• 6:20
  your
• 6:20
  credit.
• 6:20
  Again,
• 6:21
  look
• 6:21
  at
• 6:21
  your
• 6:21
  credit
• 6:22
  score,
• 6:22
  look
• 6:22
  at
• 6:22
  your
• 6:23
  credit
• 6:23
  report,
• 6:23
  because
• 6:23
  that's
• 6:24
  going
• 6:24
  to
• 6:24
  significantly
• 6:25
  impact
• 6:25
  your
• 6:25
  mortgage
• 6:26
  interest
• 6:26
  rate.
• 6:26
  So
• 6:27
  again,
• 6:27
  review
• 6:27
  it.
• 6:28
  Because
• 6:28
  if
• 6:28
  you
• 6:28
  don't
• 6:28
  guess
• 6:29
  what's
• 6:29
  going
• 6:29
  to
• 6:29
  happen,
• 6:29
  the
• 6:30
  lender
• 6:30
  is
• 6:30
  going
• 6:30
  to
• 6:30
  submit
• 6:31
  it
• 6:31
  to
• 6:31
  underwriting.
• 6:31
  Underwriting
• 6:32
  is
• 6:32
  going
• 6:32
  to
• 6:32
  say,
• 6:32
  hey,
• 6:32
  wait
• 6:33
  a
• 6:33
  minute,
• 6:33
  Ralph,
• 6:33
  we
• 6:34
  got
• 6:34
  some
• 6:34
  problems.
• 6:35
  Once
• 6:35
  you
• 6:36
  do
• 6:36
  that,
• 6:36
  then
• 6:36
  focus
• 6:37
  like
• 6:37
  a
• 6:37
  laser
• 6:38
  on
• 6:38
  paying
• 6:38
  all
• 6:38
  your
• 6:39
  bills
• 6:39
  on
• 6:39
  time.
• 6:39
  Keep
• 6:40
  those
• 6:40
  credit
• 6:40
  card
• 6:41
  balances
• 6:41
  low.
• 6:41
  As
• 6:41
  we
• 6:42
  talked
• 6:42
  about
• 6:42
  many
• 6:42
  times
• 6:42
  on
• 6:43
  the
• 6:43
  show,
• 6:43
  below
• 6:44
  that
• 6:44
  30%
• 6:45
  utilization.
• 6:46
  Make
• 6:47
  sure
• 6:47
  you
• 6:47
  do
• 6:47
  that.
• 6:47
  And
• 6:48
  here's
• 6:48
  one
• 6:48
  big
• 6:49
  takeaway
• 6:49
  from
• 6:49
  today.
• 6:49
  A
• 6:50
  lot
• 6:50
  of
• 6:50
  people
• 6:50
  don't
• 6:50
  talk
• 6:50
  about
• 6:51
  this
• 6:52
  While
• 6:52
  you're
• 6:52
  in
• 6:52
  this
• 6:53
  process,
• 6:54
  and
• 6:54
  I
• 6:54
  can't
• 6:54
  stress
• 6:55
  this
• 6:55
  enough,
• 6:56
  hold
• 6:56
  off
• 6:56
  on
• 6:57
  buying
• 6:57
  any
• 6:57
  new
• 6:57
  large
• 6:58
  purchases
• 6:58
  or
• 6:58
  going
• 6:59
  into
• 6:59
  debt.
• 6:59
  And
• 7:00
  I'm
• 7:00
  going
• 7:00
  to
• 7:00
  tell
• 7:00
  you
• 7:00
  basically
• 7:01
  for,
• 7:01
  for
• 7:01
  six
• 7:02
  to
• 7:02
  12
• 7:02
  months
• 7:03
  prior
• 7:03
  to
• 7:03
  getting
• 7:04
  a
• 7:04
  mortgage,
• 7:05
  don't
• 7:05
  take
• 7:05
  on
• 7:06
  any
• 7:06
  new
• 7:06
  debt.
• 7:06
  Go,
• 7:07
  don't
• 7:07
  go
• 7:07
  get
• 7:07
  a
• 7:07
  new
• 7:07
  car
• 7:08
  loan
• 7:08
  or
• 7:08
  open
• 7:08
  a
• 7:09
  new
• 7:09
  credit
• 7:09
  card
• 7:09
  or
• 7:09
  making
• 7:10
  any
• 7:10
  large
• 7:10
  purchases
• 7:11
  on
• 7:11
  credit.
• 7:11
  Because
• 7:12
  here's
• 7:12
  the
• 7:12
  thing,
• 7:13
  it
• 7:13
  can
• 7:13
  negatively
• 7:14
  impact
• 7:14
  your
• 7:14
  credit
• 7:15
  score
• 7:15
  and
• 7:15
  your
• 7:16
  debt
• 7:16
  to
• 7:16
  income
• 7:16
  ratio,
• 7:17
  which
• 7:17
  is
• 7:17
  going
• 7:17
  to
• 7:17
  make
• 7:18
  it
• 7:18
  harder
• 7:18
  to
• 7:18
  qualify
• 7:19
  or
• 7:19
  get
• 7:19
  a
• 7:20
  good
• 7:20
  rate.
• 7:21
  So
• 7:21
  why
• 7:21
  do
• 7:21
  these
• 7:22
  things
• 7:22
  help?
• 7:22
  I'm
• 7:22
  going
• 7:22
  to
• 7:23
  tell
• 7:23
  you
• 7:23
  right
• 7:23
  now
• 7:23
  why
• 7:23
  they
• 7:23
  help.
• 7:24
  Because
• 7:24
  these
• 7:24
  focused
• 7:25
  actions
• 7:25
  directly,
• 7:26
  they
• 7:26
  fight
• 7:26
  that
• 7:26
  struggle
• 7:27
  and
• 7:27
  that
• 7:27
  stress.
• 7:27
  You've
• 7:28
  got
• 7:28
  to
• 7:28
  plan,
• 7:28
  you're
• 7:29
  prepared
• 7:29
  so
• 7:29
  you're
• 7:30
  not
• 7:30
  going
• 7:30
  to
• 7:30
  feel
• 7:30
  unprepared.
• 7:31
  And
• 7:31
  you're
• 7:31
  going
• 7:32
  to
• 7:32
  build
• 7:32
  the
• 7:32
  necessary
• 7:33
  funds
• 7:33
  both
• 7:33
  in
• 7:34
  that
• 7:34
  emergency
• 7:34
  fund
• 7:35
  so
• 7:35
  that
• 7:35
  way
• 7:35
  you
• 7:35
  can
• 7:35
  have
• 7:36
  security
• 7:36
  for
• 7:36
  future
• 7:37
  homeowner
• 7:37
  costs.
• 7:38
  And
• 7:38
  listen,
• 7:38
  policing
• 7:39
  your
• 7:39
  credit
• 7:39
  score
• 7:40
  and
• 7:40
  your
• 7:40
  credit
• 7:40
  is
• 7:41
  just
• 7:41
  going
• 7:41
  to
• 7:41
  give
• 7:41
  you
• 7:41
  a
• 7:41
  better
• 7:42
  interest
• 7:42
  rate
• 7:42
  and
• 7:43
  save
• 7:43
  you
• 7:43
  thousands
• 7:44
  of
• 7:44
  dollars
• 7:45
  over
• 7:45
  time.
• 7:46
  And
• 7:46
  if
• 7:46
  you
• 7:46
  don't
• 7:47
  go
• 7:47
  into
• 7:47
  new
• 7:47
  debt,
• 7:48
  that
• 7:48
  keeps
• 7:48
  your
• 7:48
  financial
• 7:49
  picture
• 7:49
  stable
• 7:50
  for
• 7:50
  the
• 7:50
  lenders.
• 7:51
  And
• 7:51
  this
• 7:51
  is
• 7:51
  all
• 7:51
  about
• 7:52
  empowering
• 7:52
  you
• 7:53
  to
• 7:53
  get
• 7:53
  through
• 7:54
  this
• 7:54
  to
• 7:54
  the
• 7:54
  house
• 7:55
  that
• 7:55
  you
• 7:55
  want.
• 7:55
  Because,
• 7:56
  listen,
• 7:57
  homeownership
• 7:58
  is
• 7:58
  a
• 7:58
  blessing.
• 7:59
  It
• 8:00
  does
• 8:00
  not
• 8:00
  need
• 8:01
  to
• 8:01
  be
• 8:01
  an
• 8:01
  overwhelming
• 8:02
  burden.
• 8:03
  Let's
• 8:04
  pray
• 8:04
  together
• 8:04
  today.
• 8:05
  Father
• 8:05
  God,
• 8:05
  we
• 8:05
  just
• 8:06
  thank
• 8:06
  you
• 8:06
  for
• 8:06
  the
• 8:06
  desire
• 8:07
  for
• 8:07
  us
• 8:07
  having
• 8:08
  a
• 8:08
  stable
• 8:08
  home.
• 8:09
  And
• 8:09
  Lord,
• 8:09
  we
• 8:09
  confess
• 8:10
  that
• 8:10
  financial
• 8:11
  preparations
• 8:11
  for
• 8:12
  buying
• 8:12
  a
• 8:12
  home
• 8:12
  feel
• 8:13
  significant
• 8:14
  and
• 8:14
  for
• 8:14
  many
• 8:14
  of
• 8:14
  us
• 8:15
  they
• 8:15
  feel
• 8:15
  stressful.
• 8:16
  So
• 8:16
  we
• 8:16
  just
• 8:17
  ask
• 8:17
  that
• 8:17
  you
• 8:17
  would
• 8:17
  grant
• 8:18
  us
• 8:18
  the
• 8:18
  discipline,
• 8:18
  Lord,
• 8:19
  and
• 8:19
  the
• 8:19
  perseverance
• 8:20
  needed
• 8:20
  to
• 8:21
  save
• 8:21
  diligently
• 8:22
  for
• 8:22
  that
• 8:22
  down
• 8:22
  payment
• 8:23
  and
• 8:23
  plan
• 8:23
  for
• 8:23
  those
• 8:24
  closing
• 8:24
  costs
• 8:25
  and
• 8:25
  build
• 8:25
  that
• 8:25
  emergency
• 8:26
  fund.
• 8:27
  Lord,
• 8:27
  we
• 8:27
  just
• 8:27
  ask
• 8:28
  that
• 8:28
  you
• 8:28
  would
• 8:28
  give
• 8:28
  us
• 8:28
  wisdom
• 8:29
  in
• 8:29
  managing
• 8:29
  our
• 8:30
  budget
• 8:30
  and
• 8:30
  managing
• 8:31
  credit
• 8:31
  during
• 8:32
  the
• 8:32
  preparation
• 8:32
  phase
• 8:33
  and
• 8:33
  help
• 8:33
  us
• 8:34
  to
• 8:34
  maintain
• 8:34
  again
• 8:34
  that
• 8:35
  strong
• 8:35
  emergency
• 8:36
  fund
• 8:36
  for
• 8:36
  the
• 8:36
  future
• 8:37
  needs
• 8:37
  of
• 8:37
  home
• 8:38
  ownership.
• 8:38
  And
• 8:39
  Lord,
• 8:39
  just
• 8:39
  guide
• 8:40
  us
• 8:40
  through
• 8:40
  every
• 8:40
  single
• 8:41
  financial
• 8:41
  step
• 8:42
  of
• 8:42
  this
• 8:42
  ensuring
• 8:43
  our
• 8:43
  preparation
• 8:44
  is
• 8:44
  thorough
• 8:44
  and
• 8:45
  rooted
• 8:45
  in
• 8:45
  wise
• 8:46
  stewardship.
• 8:46
  And
• 8:47
  grant
• 8:47
  us
• 8:47
  peace
• 8:48
  throughout
• 8:48
  this
• 8:48
  process.
• 8:49
  And
• 8:49
  we
• 8:49
  ask
• 8:49
  this
• 8:50
  with
• 8:50
  confidence.
• 8:51
  In
• 8:51
  Jesus
• 8:52
  name,
• 8:52
  Amen.
• 8:53
  Listen.
• 8:55
  Discipline.
• 8:55
  Financial
• 8:56
  preparation
• 8:56
  is
• 8:57
  your
• 8:57
  most
• 8:57
  powerful
• 8:58
  tool
• 8:58
  for
• 8:58
  reducing
• 8:59
  stress
• 8:59
  when
• 8:59
  buying
• 9:00
  a
• 9:00
  home.
• 9:00
  Listen,
• 9:00
  buying
• 9:01
  a
• 9:01
  home
• 9:01
  is
• 9:01
  stressful,
• 9:02
  moving
• 9:03
  is
• 9:03
  stressful.
• 9:04
  But
• 9:04
  focus
• 9:04
  on
• 9:05
  savings.
• 9:05
  Focus
• 9:06
  on
• 9:06
  maintaining
• 9:07
  those
• 9:07
  reserves
• 9:07
  and
• 9:08
  keeping
• 9:08
  your
• 9:08
  financial
• 9:09
  picture
• 9:09
  clean
• 9:10
  because
• 9:10
  you're
• 9:10
  building
• 9:10
  the
• 9:11
  foundation
• 9:12
  for
• 9:12
  a
• 9:12
  peaceful
• 9:13
  home
• 9:13
  purchase,
• 9:14
  even
• 9:14
  if
• 9:14
  it's
• 9:14
  a
• 9:14
  year,
• 9:14
  two
• 9:15
  years
• 9:15
  or
• 9:15
  three
• 9:16
  years
• 9:16
  down
• 9:16
  the
• 9:16
  road.
• 9:17
  And
• 9:17
  if
• 9:17
  you
• 9:17
  found
• 9:18
  this
• 9:18
  episode
• 9:19
  useful,
• 9:19
  I'm
• 9:19
  going
• 9:20
  to
• 9:20
  encourage
• 9:20
  you
• 9:20
  other
• 9:20
  people
• 9:21
  are
• 9:21
  going
• 9:21
  through
• 9:21
  this
• 9:21
  same
• 9:22
  thought
• 9:22
  process
• 9:22
  right
• 9:23
  now
• 9:23
  and
• 9:23
  encourage
• 9:23
  you
• 9:24
  to
• 9:24
  share
• 9:24
  it
• 9:24
  with
• 9:24
  them.
• 9:25
  You
• 9:25
  can
• 9:25
  find
• 9:25
  resources
• 9:26
  and
• 9:26
  connect
• 9:26
  with
• 9:26
  the
• 9:27
  show
• 9:27
  where
• 9:27
  right
• 9:27
  at
• 9:27
  our
• 9:28
  website.
• 9:28
  That's@financially
• 9:30
  confidentchristian.com
• 9:31
  and
• 9:32
  while
• 9:32
  you're
• 9:32
  there,
• 9:32
  I've
• 9:32
  got
• 9:32
  a
• 9:33
  special
• 9:33
  gift
• 9:33
  for
• 9:33
  your
• 9:33
  journey.
• 9:34
  For
• 9:34
  the
• 9:34
  first
• 9:35
  100
• 9:35
  listeners
• 9:36
  who
• 9:36
  go
• 9:36
  to
• 9:36
  the
• 9:37
  website,
• 9:37
  financially
• 9:39
  confidentchristian.com
• 9:40
  master
• 9:41
  let
• 9:41
  me
• 9:41
  give
• 9:41
  you
• 9:41
  a
• 9:41
  free
• 9:42
  copy
• 9:42
  of
• 9:42
  my
• 9:42
  book.
• 9:42
  It's
• 9:43
  called
• 9:43
  Mastering
• 9:43
  your
• 9:43
  finances.
• 9:44
  It's
• 9:45
  quick.
• 9:45
  It's
• 9:45
  a
• 9:45
  powerful
• 9:46
  redesigned
• 9:46
  as
• 9:46
  a
• 9:47
  starting
• 9:47
  point
• 9:47
  to
• 9:47
  help
• 9:48
  you
• 9:48
  break
• 9:48
  that
• 9:48
  cycle
• 9:49
  of
• 9:49
  financial
• 9:49
  shame
• 9:50
  and
• 9:50
  really
• 9:51
  step
• 9:51
  into
• 9:51
  confidence.
• 9:52
  So
• 9:52
  again,
• 9:52
  go
• 9:53
  to
• 9:53
  financially
• 9:54
  confidentchristian.com
• 9:56
  master
• 9:57
  get
• 9:57
  your
• 9:57
  free
• 9:57
  copy
• 9:58
  today.
• 9:58
  Now
• 9:58
  tomorrow,
• 9:59
  as
• 9:59
  I
• 9:59
  said,
• 9:59
  we're
• 10:00
  going
• 10:00
  to
• 10:00
  be
• 10:00
  talking
• 10:00
  about
• 10:00
  the
• 10:01
  mortgage
• 10:01
  itself
• 10:02
  and
• 10:02
  how
• 10:02
  to
• 10:02
  navigate
• 10:03
  that
• 10:03
  mortgage
• 10:04
  maze.
• 10:04
  I'm
• 10:05
  going
• 10:05
  to
• 10:05
  talk
• 10:05
  about
• 10:05
  the
• 10:05
  different
• 10:06
  loan
• 10:06
  types
• 10:07
  and
• 10:07
  how
• 10:07
  to
• 10:07
  choose
• 10:07
  the
• 10:08
  right
• 10:08
  one
• 10:08
  so
• 10:08
  you
• 10:08
  don't
• 10:08
  want
• 10:09
  to
• 10:09
  miss
• 10:09
  it.
• 10:09
  So
• 10:09
  make
• 10:10
  sure
• 10:10
  you
• 10:10
  join
• 10:10
  me
• 10:10
  tomorrow.
• 10:11
  Now
• 10:11
  let's
• 10:11
  all
• 10:11
  go
• 10:12
  out
• 10:12
  there
• 10:12
  and
• 10:12
  be
• 10:13
  those
• 10:13
  financially
• 10:14
  confident
• 10:15
  Christians.
• 10:15
  You
• 10:16
  can
• 10:16
  do
• 10:16
  this.
• 10:17
  I
• 10:17
  have
• 10:17
  confidence
• 10:18
  in
• 10:18
  you.
• 10:18
  Have
• 10:19
  confidence
• 10:19
  in
• 10:19
  yourself.
• 10:20
  Stay
• 10:20
  financially
• 10:21
  savvy.
• 10:21
  God
• 10:21
  bless
• 10:22
  you
• 10:22
  today
• 10:23
  and
• 10:23
  you
• 10:23
  have
• 10:23
  a
• 10:23
  great
• 10:23
  day.
• 10:24
  Thank
• 10:24
  you
• 10:24
  for
• 10:24
  joining
• 10:25
  us
• 10:25
  today
• 10:25
  on
• 10:26
  the
• 10:26
  Financially
• 10:27
  Confident
• 10:27
  Christian
• 10:28
  show,
• 10:28
  where
• 10:28
  we're
• 10:29
  breaking
• 10:29
  the
• 10:29
  cycle
• 10:29
  of
• 10:30
  financial
• 10:30
  shame
• 10:30
  with
• 10:31
  confidence
• 10:31
  and
• 10:31
  faith.
• 10:32
  If
• 10:32
  you
• 10:32
  found
• 10:33
  value
• 10:33
  in
• 10:33
  this
• 10:33
  episode,
• 10:34
  a
• 10:34
  simple
• 10:35
  click
• 10:35
  to
• 10:35
  subscribe
• 10:36
  means
• 10:36
  you'll
• 10:36
  be
• 10:36
  invited
• 10:37
  right
• 10:37
  back
• 10:37
  for
• 10:37
  our
• 10:38
  next
• 10:38
  conversation.
• 10:39
  And
• 10:39
  remember,
• 10:40
  financial
• 10:40
  challenges
• 10:41
  don't
• 10:41
  have
• 10:41
  to
• 10:42
  be
• 10:42
  overwhelming.
• 10:42
  Just
• 10:43
  Ask
• 10:43
  Ralph
• 10:44
  this
• 10:44
  show
• 10:44
  is
• 10:44
  a
• 10:44
  production
• 10:45
  of
• 10:45
  Ask
• 10:45
  Ralph
• 10:46
  Media
• 10:46
  and
• 10:46
  is
• 10:46
  supported
• 10:47
  by
• 10:47
  Sajio
• 10:47
  Accounting
• 10:48
  Plus.
• 10:49
  The
• 10:49
  information
• 10:49
  shared
• 10:50
  in
• 10:50
  this
• 10:50
  episode
• 10:50
  is
• 10:51
  based
• 10:51
  on
• 10:51
  data
• 10:51
  available
• 10:52
  as
• 10:52
  of
• 10:52
  the
• 10:52
  date
• 10:53
  of
• 10:53
  release.
• 10:54
  Accounting
• 10:55
  plus
• 10:55
  and
• 10:56
  Ask
• 10:56
  Ralph
• 10:56
  Media,
• 10:57
  Inc.
• 10:57
  Are
• 10:57
  under
• 10:58
  no
• 10:58
  obligation
• 10:58
  to
• 10:59
  update
• 10:59
  this
• 10:59
  content
• 11:00
  if
• 11:00
  circumstances
• 11:01
  change.
• 11:01
  Please
• 11:02
  note
• 11:02
  that
• 11:02
  applying
• 11:03
  this
• 11:03
  information
• 11:03
  to
• 11:04
  your
• 11:04
  personal
• 11:04
  situation
• 11:05
  requires
• 11:06
  careful
• 11:06
  consideration.
• 11:07
  This
• 11:08
  episode
• 11:08
  is
• 11:08
  not
• 11:08
  intended
• 11:09
  to
• 11:09
  serve
• 11:09
  as
• 11:09
  financial,
• 11:10
  tax
• 11:11
  or
• 11:11
  legal
• 11:12
  advice.
• 11:12
  Always
• 11:13
  consult
• 11:13
  your
• 11:13
  trusted
• 11:14
  tax
• 11:14
  advisor
• 11:15
  or
• 11:15
  attorney
• 11:15
  before
• 11:16
  taking
• 11:16
  action
• 11:17
  based
• 11:17
  on
• 11:17
  anything
• 11:18
  we've
• 11:18
  discussed.