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The Power of Compounding: How to Make Your Money Work for You? · Becoming Financially Confident

• 0:38
  Are
• 0:38
  you
• 0:38
  ready
• 0:38
  for
• 0:38
  some
• 0:38
  financial
• 0:39
  magic?
• 0:40
  I
• 0:40
  might
• 0:40
  just
• 0:41
  have
• 0:41
  the
• 0:41
  answer
• 0:41
  to
• 0:41
  some
• 0:42
  financial
• 0:42
  magic
• 0:43
  on
• 0:43
  the
• 0:43
  show
• 0:43
  today.
• 0:44
  I
• 0:44
  got
• 0:44
  this
• 0:44
  question
• 0:45
  from
• 0:45
  a
• 0:45
  listener.
• 0:45
  I
• 0:45
  thought,
• 0:45
  this
• 0:46
  is
• 0:46
  great,
• 0:47
  Ralph.
• 0:47
  I
• 0:48
  keep
• 0:48
  hearing
• 0:48
  about
• 0:48
  compound
• 0:49
  interest.
• 0:50
  People
• 0:50
  say
• 0:50
  it's
• 0:51
  powerful,
• 0:52
  but
• 0:52
  I
• 0:52
  really
• 0:52
  don't
• 0:53
  understand
• 0:53
  how
• 0:53
  it
• 0:53
  works.
• 0:54
  Is
• 0:55
  it
• 0:55
  really
• 0:55
  that
• 0:55
  big
• 0:56
  of
• 0:56
  a
• 0:56
  deal?
• 0:57
  And
• 0:57
  I
• 0:58
  thought,
• 0:58
  yes,
• 0:58
  it
• 0:58
  really
• 0:59
  is
• 0:59
  that
• 0:59
  big
• 0:59
  of
• 0:59
  a
• 0:59
  deal.
• 0:59
  This
• 1:00
  is
• 1:00
  a
• 1:00
  huge
• 1:00
  thing.
• 1:00
  And
• 1:01
  honestly,
• 1:01
  it's
• 1:02
  almost
• 1:02
  like
• 1:02
  magic.
• 1:03
  Because
• 1:03
  truth
• 1:04
  is,
• 1:05
  compounding
• 1:05
  is
• 1:06
  the
• 1:06
  closest
• 1:07
  thing
• 1:07
  to
• 1:07
  financial
• 1:08
  magic
• 1:08
  you're
• 1:08
  ever
• 1:09
  going
• 1:09
  to
• 1:09
  see.
• 1:09
  What
• 1:09
  it
• 1:10
  really
• 1:10
  is,
• 1:10
  and
• 1:10
  we're
• 1:10
  going
• 1:10
  to
• 1:10
  get
• 1:11
  into
• 1:11
  it
• 1:11
  in
• 1:11
  the
• 1:11
  details
• 1:12
  here
• 1:12
  in
• 1:12
  just
• 1:12
  a
• 1:12
  bit.
• 1:13
  It's
• 1:13
  your
• 1:13
  money
• 1:14
  earning
• 1:14
  money
• 1:15
  on
• 1:15
  your
• 1:15
  own
• 1:15
  money
• 1:16
  and
• 1:17
  those
• 1:17
  money
• 1:17
  start
• 1:18
  earning
• 1:18
  money
• 1:18
  too.
• 1:19
  And
• 1:19
  it
• 1:20
  can
• 1:20
  turn
• 1:20
  those
• 1:20
  small
• 1:21
  things
• 1:21
  into
• 1:22
  big
• 1:22
  results.
• 1:23
  Money
• 1:23
  for
• 1:23
  money.
• 1:24
  That's
• 1:24
  what
• 1:24
  we're
• 1:24
  going
• 1:24
  to
• 1:25
  talk
• 1:25
  about
• 1:25
  on
• 1:25
  today's
• 1:25
  show.
• 1:27
  This
• 1:28
  is
• 1:28
  Financially
• 1:29
  Confident
• 1:29
  Christian,
• 1:30
  your
• 1:30
  daily
• 1:30
  dose
• 1:31
  of
• 1:31
  gospel,
• 1:31
  grounded
• 1:32
  insight
• 1:32
  and
• 1:32
  faith
• 1:33
  driven
• 1:33
  tips
• 1:34
  to
• 1:34
  help
• 1:34
  you
• 1:34
  break
• 1:34
  the
• 1:34
  cycle
• 1:35
  of
• 1:35
  financial
• 1:35
  shame
• 1:36
  with
• 1:36
  confidence.
• 1:39
  Hello
• 1:40
  there
• 1:40
  and
• 1:40
  welcome.
• 1:41
  My
• 1:41
  name
• 1:41
  is
• 1:41
  Ralph.
• 1:41
  Thank
• 1:42
  you
• 1:42
  again
• 1:42
  for
• 1:42
  joining
• 1:42
  me
• 1:42
  on
• 1:43
  Financially
• 1:43
  Confident
• 1:44
  Christian.
• 1:44
  My
• 1:45
  passion
• 1:45
  every
• 1:45
  day
• 1:46
  is
• 1:46
  to
• 1:46
  help
• 1:46
  you
• 1:47
  become
• 1:47
  a
• 1:47
  more
• 1:47
  financially
• 1:48
  confident
• 1:48
  Christian
• 1:49
  and
• 1:49
  to
• 1:50
  finally
• 1:50
  break
• 1:50
  that
• 1:51
  cycle
• 1:51
  of
• 1:51
  so
• 1:51
  many
• 1:52
  of
• 1:52
  us
• 1:52
  feel
• 1:53
  that
• 1:53
  cycle
• 1:53
  of
• 1:54
  financial
• 1:54
  shame
• 1:55
  and
• 1:55
  help
• 1:55
  you
• 1:56
  replace
• 1:56
  that
• 1:56
  fear
• 1:56
  with
• 1:57
  confidence.
• 1:58
  And
• 1:58
  I've
• 1:59
  been
• 1:59
  doing
• 1:59
  this
• 1:59
  for
• 1:59
  30
• 2:00
  years.
• 2:00
  One
• 2:00
  of
• 2:00
  the
• 2:01
  things
• 2:01
  that
• 2:01
  I
• 2:01
  have
• 2:02
  used
• 2:02
  as
• 2:02
  a
• 2:02
  quote,
• 2:03
  we'll
• 2:03
  call
• 2:03
  it
• 2:03
  a
• 2:03
  magic
• 2:03
  trick,
• 2:04
  if
• 2:04
  you
• 2:04
  will,
• 2:05
  is
• 2:05
  compounding.
• 2:07
  And
• 2:07
  I've
• 2:07
  seen
• 2:07
  compounding
• 2:08
  turn
• 2:08
  just
• 2:08
  small
• 2:09
  things.
• 2:09
  We're
• 2:09
  going
• 2:09
  to
• 2:09
  talk
• 2:09
  about
• 2:09
  some
• 2:10
  real
• 2:10
  numbers
• 2:10
  here
• 2:10
  in
• 2:10
  just
• 2:10
  a
• 2:11
  few
• 2:11
  minutes,
• 2:12
  turn
• 2:12
  small,
• 2:12
  consistent
• 2:13
  investments
• 2:14
  into
• 2:14
  significant
• 2:15
  wealth
• 2:15
  for
• 2:15
  people.
• 2:16
  As
• 2:17
  an
• 2:17
  example,
• 2:18
  my
• 2:18
  son,
• 2:18
  my
• 2:18
  oldest
• 2:19
  son,
• 2:19
  he
• 2:19
  said
• 2:19
  to
• 2:20
  me
• 2:20
  one
• 2:20
  day,
• 2:20
  he
• 2:20
  said,
• 2:20
  dad,
• 2:21
  I
• 2:21
  looked
• 2:21
  the
• 2:21
  other
• 2:22
  day
• 2:22
  and
• 2:23
  his
• 2:23
  wife's
• 2:23
  name
• 2:24
  is
• 2:24
  Hunter
• 2:25
  and
• 2:25
  his
• 2:26
  name
• 2:26
  is
• 2:26
  Ryan.
• 2:26
  So
• 2:26
  Ryan
• 2:27
  and
• 2:27
  Hunter,
• 2:27
  he
• 2:27
  said
• 2:27
  to
• 2:27
  me,
• 2:28
  he
• 2:28
  said,
• 2:28
  dad,
• 2:29
  I
• 2:29
  looked
• 2:29
  the
• 2:29
  other
• 2:30
  day
• 2:30
  and
• 2:30
  if
• 2:31
  we
• 2:31
  put
• 2:31
  a
• 2:32
  hundred
• 2:32
  dollars
• 2:32
  a
• 2:32
  month
• 2:33
  into
• 2:33
  an
• 2:33
  investment
• 2:34
  portfolio
• 2:35
  because
• 2:35
  of
• 2:36
  compounding
• 2:36
  debt,
• 2:37
  I'm
• 2:37
  going
• 2:37
  to
• 2:37
  have
• 2:37
  a
• 2:37
  ton
• 2:38
  of
• 2:38
  money
• 2:38
  when
• 2:38
  I
• 2:38
  go
• 2:38
  to
• 2:38
  retire.
• 2:39
  And
• 2:40
  he
• 2:40
  is
• 2:40
  absolutely
• 2:41
  right.
• 2:42
  But
• 2:42
  the
• 2:42
  other
• 2:43
  side
• 2:43
  of
• 2:43
  this
• 2:43
  and
• 2:43
  this
• 2:43
  thing
• 2:44
  we're
• 2:44
  going
• 2:44
  to
• 2:44
  kind
• 2:44
  of
• 2:44
  dwell
• 2:44
  on
• 2:45
  a
• 2:45
  little
• 2:45
  bit
• 2:45
  today
• 2:46
  is
• 2:46
  the
• 2:47
  missed
• 2:47
  opportunity.
• 2:49
  If
• 2:49
  you
• 2:49
  wait
• 2:49
  too
• 2:49
  long,
• 2:50
  you
• 2:50
  don't
• 2:50
  get
• 2:50
  the
• 2:51
  benefit
• 2:51
  of
• 2:51
  that
• 2:51
  compound
• 2:52
  and
• 2:53
  those
• 2:53
  missed
• 2:53
  years
• 2:54
  can
• 2:54
  have
• 2:54
  a
• 2:54
  huge
• 2:54
  difference.
• 2:55
  And
• 2:55
  I
• 2:55
  think
• 2:55
  you
• 2:55
  need
• 2:56
  to
• 2:56
  also
• 2:56
  understand
• 2:57
  is
• 2:57
  it
• 2:58
  works
• 2:58
  both
• 2:58
  ways.
• 2:59
  Compounding
• 3:00
  can
• 3:00
  help
• 3:00
  you
• 3:00
  on
• 3:00
  the
• 3:01
  saving
• 3:01
  side,
• 3:01
  but
• 3:02
  it
• 3:02
  hurts
• 3:02
  you
• 3:02
  on
• 3:03
  the
• 3:03
  borrowing
• 3:03
  side.
• 3:04
  So
• 3:04
  let's
• 3:04
  get
• 3:04
  right
• 3:05
  into
• 3:05
  it.
• 3:06
  I
• 3:06
  had
• 3:06
  this
• 3:06
  client,
• 3:07
  this
• 3:08
  guy
• 3:08
  said
• 3:08
  to
• 3:08
  me,
• 3:08
  come
• 3:09
  in
• 3:09
  to
• 3:09
  meet
• 3:09
  with
• 3:09
  me
• 3:09
  one
• 3:09
  time,
• 3:10
  said,
• 3:10
  Ralph,
• 3:11
  I
• 3:11
  really
• 3:11
  want
• 3:11
  to
• 3:11
  start
• 3:11
  investing.
• 3:13
  And
• 3:13
  I
• 3:13
  said,
• 3:13
  that's
• 3:13
  a
• 3:13
  great
• 3:13
  idea.
• 3:14
  And
• 3:14
  he
• 3:14
  says,
• 3:14
  but
• 3:14
  I've
• 3:14
  always
• 3:15
  heard
• 3:15
  I
• 3:15
  got
• 3:15
  to
• 3:15
  have
• 3:15
  tons
• 3:15
  of
• 3:15
  money.
• 3:16
  And
• 3:16
  I
• 3:16
  talked
• 3:16
  about
• 3:16
  that
• 3:16
  the
• 3:17
  other
• 3:17
  day
• 3:17
  on
• 3:17
  the
• 3:17
  show.
• 3:17
  You
• 3:18
  definitely
• 3:18
  don't
• 3:18
  need
• 3:18
  tons
• 3:18
  of
• 3:19
  money.
• 3:19
  So
• 3:20
  if
• 3:20
  you're
• 3:20
  listening
• 3:20
  right
• 3:20
  now,
• 3:20
  you're
• 3:21
  like,
• 3:21
  Ralph,
• 3:21
  I
• 3:21
  get
• 3:22
  it.
• 3:22
  I
• 3:22
  don't
• 3:22
  have
• 3:22
  a
• 3:22
  ton
• 3:23
  of
• 3:23
  money.
• 3:23
  Neither
• 3:24
  did
• 3:24
  I
• 3:24
  at
• 3:24
  the
• 3:24
  time.
• 3:25
  This
• 3:25
  client
• 3:25
  came
• 3:26
  in,
• 3:26
  sat
• 3:26
  down
• 3:26
  with
• 3:26
  me,
• 3:27
  and
• 3:27
  he
• 3:27
  says,
• 3:27
  what
• 3:28
  I
• 3:28
  can
• 3:28
  do
• 3:28
  is
• 3:28
  I
• 3:28
  can
• 3:28
  put
• 3:29
  $100
• 3:29
  a
• 3:29
  month
• 3:29
  away.
• 3:30
  Now,
• 3:30
  this
• 3:30
  client
• 3:30
  was
• 3:31
  22
• 3:31
  years
• 3:31
  old
• 3:31
  at
• 3:32
  the
• 3:32
  time,
• 3:33
  and
• 3:33
  by
• 3:33
  the
• 3:33
  time
• 3:34
  they
• 3:34
  retired,
• 3:35
  they
• 3:35
  had
• 3:36
  more
• 3:36
  than
• 3:36
  someone
• 3:36
  who
• 3:37
  was
• 3:37
  40
• 3:37
  years
• 3:38
  old,
• 3:38
  had
• 3:39
  started
• 3:39
  at
• 3:39
  40
• 3:40
  years
• 3:40
  old
• 3:41
  and
• 3:41
  contributed
• 3:42
  twice
• 3:42
  as
• 3:43
  much.
• 3:44
  See,
• 3:44
  that's
• 3:44
  the
• 3:45
  magic
• 3:45
  part.
• 3:45
  I
• 3:45
  love
• 3:45
  what
• 3:46
  Albert
• 3:46
  Einstein
• 3:46
  said.
• 3:47
  He's
• 3:48
  often
• 3:48
  credited
• 3:48
  with
• 3:49
  calling
• 3:49
  compound
• 3:49
  interest.
• 3:50
  And
• 3:50
  I
• 3:50
  thought
• 3:50
  this
• 3:50
  was
• 3:50
  great.
• 3:50
  He
• 3:50
  called
• 3:51
  it
• 3:51
  the
• 3:51
  eighth
• 3:51
  wonder
• 3:51
  of
• 3:52
  the
• 3:52
  world,
• 3:53
  because
• 3:53
  he
• 3:53
  gets
• 3:54
  it.
• 3:54
  He
• 3:54
  understands.
• 3:56
  And
• 3:56
  this
• 3:56
  is
• 3:56
  what
• 3:56
  his
• 3:57
  quote
• 3:57
  said.
• 3:58
  It
• 3:58
  said,
• 3:58
  hugh
• 3:59
  understands.
• 3:59
  And
• 3:59
  I
• 3:59
  was
• 4:00
  talking
• 4:00
  about
• 4:00
  compounding
• 4:00
  interest
• 4:01
  at
• 4:01
  the
• 4:01
  time.
• 4:02
  He
• 4:02
  who
• 4:02
  understand
• 4:03
  it,
• 4:03
  earns
• 4:04
  it.
• 4:05
  He
• 4:05
  who
• 4:05
  doesn't,
• 4:06
  pays
• 4:06
  it.
• 4:07
  And
• 4:08
  see,
• 4:08
  that's
• 4:08
  the
• 4:08
  key
• 4:08
  to
• 4:08
  this.
• 4:08
  He
• 4:09
  saw
• 4:09
  both
• 4:09
  sides
• 4:09
  of
• 4:09
  this
• 4:10
  transaction.
• 4:11
  Because
• 4:11
  compounding
• 4:12
  helps
• 4:12
  you
• 4:12
  on
• 4:12
  the
• 4:12
  same
• 4:12
  side.
• 4:12
  Yes,
• 4:13
  it
• 4:13
  takes
• 4:13
  small
• 4:13
  investments
• 4:14
  and
• 4:14
  over
• 4:14
  time,
• 4:15
  makes
• 4:15
  them
• 4:15
  grow.
• 4:16
  Well,
• 4:16
  guess
• 4:16
  what?
• 4:16
  Here's
• 4:17
  the
• 4:17
  problem.
• 4:18
  It
• 4:18
  also
• 4:18
  makes
• 4:19
  those
• 4:19
  debts
• 4:19
  grow
• 4:20
  over
• 4:20
  time
• 4:20
  as
• 4:20
  well.
• 4:21
  So
• 4:21
  let's
• 4:21
  get
• 4:21
  into
• 4:21
  some
• 4:22
  key
• 4:22
  points,
• 4:22
  and
• 4:23
  then
• 4:23
  we'll
• 4:23
  dig
• 4:23
  a
• 4:23
  little
• 4:23
  deeper
• 4:24
  here
• 4:24
  in
• 4:24
  a
• 4:24
  minute.
• 4:25
  But
• 4:25
  compounding
• 4:26
  at
• 4:26
  a
• 4:26
  very
• 4:26
  basic
• 4:27
  system
• 4:28
  is
• 4:28
  just
• 4:28
  your
• 4:28
  money
• 4:29
  earning
• 4:30
  money
• 4:30
  on
• 4:30
  itself.
• 4:32
  And
• 4:32
  then
• 4:32
  when
• 4:32
  those
• 4:33
  things
• 4:33
  start,
• 4:33
  that
• 4:34
  money
• 4:34
  earns
• 4:34
  as
• 4:35
  well.
• 4:35
  It's
• 4:35
  what
• 4:35
  we
• 4:35
  call
• 4:35
  the
• 4:35
  multiplier.
• 4:37
  And
• 4:37
  time
• 4:37
  matters
• 4:38
  more
• 4:38
  than
• 4:38
  any
• 4:38
  amount
• 4:39
  in
• 4:39
  this.
• 4:39
  That's
• 4:39
  the
• 4:39
  thing
• 4:39
  I
• 4:39
  want
• 4:39
  you
• 4:40
  to
• 4:40
  really
• 4:40
  understand
• 4:40
  today.
• 4:41
  It's
• 4:41
  not
• 4:42
  about
• 4:42
  the
• 4:42
  amount,
• 4:43
  it's
• 4:43
  about
• 4:43
  the
• 4:44
  time.
• 4:45
  So
• 4:45
  the
• 4:45
  earlier
• 4:45
  you
• 4:46
  start,
• 4:46
  truthfully,
• 4:47
  the
• 4:47
  better
• 4:47
  it
• 4:48
  will
• 4:48
  be
• 4:48
  later,
• 4:49
  because
• 4:50
  time,
• 4:50
  again,
• 4:50
  matters
• 4:51
  more
• 4:51
  than
• 4:51
  money.
• 4:52
  One
• 4:52
  of
• 4:52
  the
• 4:52
  things
• 4:53
  I
• 4:53
  really
• 4:53
  like
• 4:53
  about
• 4:53
  this,
• 4:54
  though,
• 4:55
  it
• 4:55
  allows
• 4:55
  somebody
• 4:56
  like
• 4:56
  you,
• 4:56
  who
• 4:56
  doesn't
• 4:57
  have
• 4:57
  a
• 4:57
  ton
• 4:58
  of
• 4:58
  money
• 4:58
  to
• 4:58
  invest,
• 4:59
  to
• 4:59
  make
• 5:00
  small,
• 5:00
  consistent
• 5:01
  investments
• 5:02
  over
• 5:02
  time.
• 5:03
  Think
• 5:03
  about
• 5:03
  it
• 5:04
  like
• 5:04
  this.
• 5:04
  The
• 5:04
  turtle
• 5:04
  and
• 5:04
  the
• 5:05
  hare
• 5:05
  probably
• 5:05
  remember
• 5:06
  this
• 5:06
  as
• 5:06
  a
• 5:06
  child,
• 5:07
  that
• 5:07
  idea
• 5:08
  of
• 5:08
  that
• 5:08
  race
• 5:08
  between
• 5:09
  the
• 5:09
  tortoise
• 5:09
  and
• 5:09
  the
• 5:09
  hare.
• 5:11
  And
• 5:11
  you,
• 5:11
  when
• 5:11
  you're
• 5:11
  looking
• 5:12
  at
• 5:12
  this,
• 5:12
  you're
• 5:12
  like,
• 5:12
  oh,
• 5:12
  the
• 5:12
  hair
• 5:13
  is
• 5:13
  bigger,
• 5:13
  it's
• 5:14
  stronger,
• 5:14
  it's
• 5:14
  faster.
• 5:16
  But
• 5:16
  what
• 5:16
  do
• 5:16
  we
• 5:16
  always
• 5:16
  find
• 5:17
  out?
• 5:18
  The
• 5:18
  tortoise
• 5:19
  wins.
• 5:20
  Why
• 5:21
  Consistency.
• 5:22
  And
• 5:22
  that's
• 5:22
  what
• 5:23
  we're
• 5:23
  talking
• 5:23
  about
• 5:23
  here.
• 5:24
  The
• 5:25
  problem
• 5:25
  with
• 5:25
  this,
• 5:25
  though,
• 5:26
  and
• 5:26
  I
• 5:26
  alluded
• 5:26
  to
• 5:26
  this
• 5:27
  a
• 5:27
  few
• 5:27
  minutes
• 5:27
  ago,
• 5:28
  if
• 5:28
  you
• 5:28
  don't
• 5:29
  start
• 5:29
  it
• 5:29
  at
• 5:30
  the
• 5:30
  beginning,
• 5:31
  that
• 5:31
  waiting
• 5:32
  is
• 5:32
  going
• 5:32
  to
• 5:32
  cost
• 5:33
  you.
• 5:34
  And
• 5:34
  every
• 5:35
  year
• 5:35
  that
• 5:35
  you
• 5:35
  delay
• 5:36
  or
• 5:36
  every
• 5:36
  month
• 5:36
  that
• 5:36
  you
• 5:36
  delay
• 5:37
  investing,
• 5:38
  that's
• 5:38
  killing
• 5:39
  your
• 5:39
  potential
• 5:39
  growth.
• 5:41
  But
• 5:41
  like
• 5:41
  I
• 5:41
  said,
• 5:41
  you
• 5:41
  also
• 5:42
  have
• 5:42
  to
• 5:42
  understand
• 5:42
  this
• 5:42
  works
• 5:43
  both
• 5:43
  ways.
• 5:44
  So
• 5:44
  it's
• 5:45
  great
• 5:45
  from
• 5:45
  the
• 5:45
  investing
• 5:46
  side,
• 5:46
  but
• 5:47
  if
• 5:47
  you've
• 5:47
  got
• 5:47
  that
• 5:47
  credit
• 5:48
  card,
• 5:48
  credit
• 5:49
  cards
• 5:49
  have
• 5:49
  compound
• 5:50
  interest
• 5:50
  as
• 5:50
  well.
• 5:51
  And
• 5:51
  if
• 5:51
  you're
• 5:51
  only
• 5:52
  making
• 5:52
  that
• 5:52
  minimum
• 5:52
  payment,
• 5:53
  I've
• 5:53
  done
• 5:53
  shows
• 5:53
  on
• 5:53
  that.
• 5:54
  Just
• 5:54
  a
• 5:54
  couple
• 5:54
  weeks
• 5:54
  ago,
• 5:54
  I
• 5:54
  did
• 5:55
  a
• 5:55
  show
• 5:55
  about
• 5:55
  that.
• 5:56
  If
• 5:56
  you're
• 5:56
  only
• 5:56
  making
• 5:57
  that
• 5:57
  minimum
• 5:58
  payment,
• 5:59
  that
• 5:59
  stuff
• 5:59
  can
• 5:59
  truly
• 6:00
  bury
• 6:01
  you.
• 6:02
  And
• 6:02
  I've
• 6:02
  seen
• 6:02
  this
• 6:03
  kill
• 6:03
  so
• 6:03
  many
• 6:04
  people's
• 6:04
  finances
• 6:05
  over
• 6:05
  the
• 6:05
  years,
• 6:06
  and
• 6:07
  it
• 6:07
  just
• 6:07
  buries
• 6:07
  you
• 6:08
  a
• 6:08
  little
• 6:08
  bit
• 6:08
  at
• 6:08
  a
• 6:08
  time.
• 6:09
  Let's
• 6:09
  get
• 6:09
  a
• 6:09
  little
• 6:09
  deeper
• 6:10
  into
• 6:10
  this
• 6:10
  because
• 6:10
  I
• 6:10
  really
• 6:10
  want
• 6:10
  you
• 6:11
  to
• 6:11
  really
• 6:11
  get
• 6:11
  into
• 6:12
  the
• 6:12
  understanding
• 6:12
  of
• 6:12
  what
• 6:13
  compounding
• 6:13
  is.
• 6:13
  Because
• 6:13
  when
• 6:13
  you
• 6:14
  understand
• 6:14
  this,
• 6:14
  it
• 6:15
  truly
• 6:15
  is
• 6:15
  magic.
• 6:17
  It's
• 6:17
  very
• 6:17
  definition
• 6:19
  when
• 6:19
  interest
• 6:20
  or
• 6:20
  growth
• 6:20
  applies
• 6:21
  not
• 6:21
  only
• 6:21
  on
• 6:22
  your
• 6:22
  original
• 6:22
  money.
• 6:22
  That's
• 6:23
  what
• 6:23
  we're
• 6:23
  talking
• 6:23
  about,
• 6:23
  not
• 6:23
  just
• 6:23
  on
• 6:23
  the
• 6:24
  money
• 6:24
  you
• 6:24
  put
• 6:24
  into
• 6:24
  it,
• 6:25
  but
• 6:25
  also
• 6:26
  on
• 6:26
  the
• 6:26
  previous
• 6:26
  growth.
• 6:27
  So
• 6:28
  you
• 6:28
  put
• 6:28
  $10
• 6:28
  in
• 6:29
  that
• 6:29
  $10
• 6:30
  gross
• 6:30
  to
• 6:30
  11.
• 6:31
  Well,
• 6:31
  guess
• 6:31
  what,
• 6:31
  with
• 6:32
  compounding,
• 6:33
  now,
• 6:33
  that
• 6:33
  interest
• 6:33
  is
• 6:34
  calculated
• 6:34
  on
• 6:34
  11,
• 6:35
  not
• 6:35
  on
• 6:35
  the
• 6:35
  original
• 6:35
  10.
• 6:37
  So
• 6:37
  that
• 6:37
  becomes
• 6:37
  a
• 6:37
  multiplier.
• 6:39
  And
• 6:39
  that's
• 6:39
  why
• 6:39
  time
• 6:40
  makes
• 6:40
  such
• 6:40
  a
• 6:40
  huge
• 6:41
  difference
• 6:41
  here.
• 6:42
  The
• 6:42
  more
• 6:42
  time
• 6:43
  you
• 6:43
  have,
• 6:43
  the
• 6:44
  more
• 6:44
  multiplication
• 6:45
  you'll
• 6:45
  see
• 6:46
  because
• 6:46
  even
• 6:46
  small
• 6:47
  amounts.
• 6:47
  I'm
• 6:47
  going
• 6:47
  to
• 6:47
  give
• 6:47
  you
• 6:48
  some
• 6:48
  actual
• 6:48
  numbers
• 6:48
  here
• 6:48
  in
• 6:48
  a
• 6:49
  few
• 6:49
  minutes.
• 6:49
  Even
• 6:50
  small
• 6:50
  numbers
• 6:50
  will
• 6:51
  grow
• 6:51
  larger
• 6:52
  decades
• 6:52
  and
• 6:53
  decades
• 6:53
  and
• 6:53
  decades
• 6:54
  after
• 6:54
  you
• 6:54
  put
• 6:54
  that
• 6:55
  money
• 6:55
  in.
• 6:55
  So
• 6:55
  the
• 6:55
  key
• 6:55
  is
• 6:56
  here,
• 6:56
  big
• 6:56
  takeaway
• 6:57
  for
• 6:57
  today.
• 6:58
  The
• 6:58
  earlier
• 6:58
  you
• 6:59
  start,
• 6:59
  the
• 7:00
  more
• 7:00
  dramatic
• 7:00
  the
• 7:01
  effort
• 7:01
  is
• 7:01
  going
• 7:01
  to
• 7:01
  be.
• 7:02
  And
• 7:02
  it's
• 7:02
  a
• 7:02
  huge
• 7:03
  effect.
• 7:04
  And
• 7:04
  like
• 7:04
  we
• 7:04
  talked
• 7:04
  about,
• 7:05
  picture
• 7:05
  that
• 7:06
  tortoise,
• 7:07
  picture
• 7:07
  that
• 7:07
  turtle.
• 7:08
  It's
• 7:09
  all
• 7:09
  about
• 7:09
  consistency.
• 7:10
  And
• 7:10
  that
• 7:11
  beats
• 7:11
  timing.
• 7:11
  It
• 7:11
  really
• 7:12
  does.
• 7:12
  And
• 7:12
  it
• 7:12
  beats
• 7:12
  the
• 7:12
  amount.
• 7:13
  Honestly,
• 7:14
  if
• 7:14
  regular
• 7:14
  investing
• 7:15
  matters
• 7:16
  more
• 7:16
  than
• 7:16
  predicting
• 7:16
  some
• 7:17
  future
• 7:17
  moment,
• 7:17
  you
• 7:17
  got
• 7:17
  to
• 7:18
  beat
• 7:18
  this
• 7:18
  idea
• 7:18
  of
• 7:18
  perfection.
• 7:19
  So
• 7:19
  many
• 7:19
  people
• 7:19
  think,
• 7:20
  well,
• 7:20
  I've
• 7:20
  got
• 7:20
  to
• 7:20
  find
• 7:20
  the
• 7:21
  perfect
• 7:21
  time
• 7:22
  so
• 7:22
  that
• 7:22
  I
• 7:22
  can
• 7:22
  invest.
• 7:24
  But
• 7:24
  that's
• 7:24
  the
• 7:24
  whole
• 7:25
  point
• 7:25
  of
• 7:25
  this
• 7:25
  kind
• 7:25
  of
• 7:26
  compounding
• 7:26
  thing.
• 7:27
  Now,
• 7:27
  again,
• 7:27
  let's
• 7:28
  take
• 7:28
  a
• 7:28
  minute
• 7:28
  and
• 7:28
  let's
• 7:28
  talk
• 7:28
  about
• 7:29
  the
• 7:29
  other
• 7:29
  side
• 7:29
  of
• 7:29
  that.
• 7:30
  Because
• 7:30
  so
• 7:30
  many
• 7:30
  people
• 7:31
  find
• 7:31
  themselves
• 7:31
  in
• 7:32
  this
• 7:32
  debt
• 7:32
  trap
• 7:33
  because
• 7:34
  compound
• 7:34
  interest
• 7:35
  works
• 7:35
  the
• 7:35
  same
• 7:35
  way
• 7:35
  on
• 7:36
  the
• 7:36
  debt
• 7:36
  side.
• 7:37
  And
• 7:37
  that
• 7:37
  interest
• 7:38
  just
• 7:38
  continues
• 7:38
  to
• 7:39
  dig
• 7:39
  a
• 7:39
  hole
• 7:39
  deeper
• 7:40
  and
• 7:40
  deeper
• 7:40
  and
• 7:41
  Deeper.
• 7:42
  So
• 7:42
  my
• 7:42
  big
• 7:43
  charge
• 7:43
  for
• 7:43
  you
• 7:43
  right
• 7:43
  now,
• 7:44
  you
• 7:44
  don't
• 7:44
  need
• 7:44
  thousands
• 7:44
  of
• 7:45
  dollars
• 7:45
  to
• 7:45
  start
• 7:45
  with.
• 7:46
  Let
• 7:46
  me
• 7:46
  give
• 7:46
  you
• 7:46
  some
• 7:47
  simple
• 7:47
  numbers
• 7:47
  here.
• 7:48
  I
• 7:48
  ran
• 7:48
  this
• 7:48
  calculation.
• 7:49
  Me.
• 7:49
  Look
• 7:49
  down
• 7:49
  in
• 7:49
  my
• 7:50
  notes
• 7:50
  here
• 7:50
  for
• 7:50
  a
• 7:50
  second.
• 7:50
  I
• 7:50
  ran
• 7:50
  this
• 7:51
  calculation,
• 7:52
  and
• 7:52
  if
• 7:52
  you
• 7:53
  put
• 7:53
  $25
• 7:54
  a
• 7:54
  month
• 7:55
  starting
• 7:56
  at
• 7:56
  age
• 7:56
  25.
• 7:57
  Use
• 7:57
  25
• 7:57
  and
• 7:57
  25
• 7:58
  to
• 7:58
  make
• 7:58
  it
• 7:58
  simple.
• 7:59
  $25
• 8:00
  a
• 8:00
  month.
• 8:01
  At
• 8:01
  age
• 8:01
  25,
• 8:03
  let's
• 8:03
  assume
• 8:04
  8%
• 8:04
  return
• 8:04
  on
• 8:04
  your
• 8:05
  investment,
• 8:05
  which
• 8:05
  isn't
• 8:05
  a
• 8:05
  bad
• 8:05
  return.
• 8:06
  And
• 8:07
  again,
• 8:07
  this
• 8:07
  is.
• 8:08
  You
• 8:08
  don't
• 8:08
  need
• 8:08
  thousands
• 8:08
  to
• 8:08
  start
• 8:09
  25
• 8:09
  bucks.
• 8:10
  I
• 8:10
  think
• 8:10
  we
• 8:10
  can
• 8:10
  find
• 8:10
  25.
• 8:11
  I
• 8:11
  bet
• 8:11
  you
• 8:12
  can
• 8:12
  find
• 8:12
  25
• 8:13
  today.
• 8:14
  25amonth
• 8:16
  starting
• 8:16
  at
• 8:17
  age
• 8:17
  25.
• 8:18
  By
• 8:19
  the
• 8:19
  time
• 8:19
  you
• 8:19
  turn
• 8:19
  65,
• 8:21
  you
• 8:21
  will
• 8:21
  have
• 8:22
  $87,275.
• 8:24
  That's
• 8:24
  how
• 8:24
  much
• 8:25
  that
• 8:25
  will
• 8:25
  be
• 8:25
  worth.
• 8:26
  You're
• 8:26
  thinking,
• 8:26
  Ralph.
• 8:26
  Well,
• 8:27
  at
• 8:27
  $25
• 8:28
  a
• 8:28
  month,
• 8:28
  yes.
• 8:29
  Here's
• 8:30
  the
• 8:30
  most
• 8:30
  brilliant
• 8:30
  part
• 8:31
  of
• 8:31
  this.
• 8:32
  Your
• 8:32
  original
• 8:32
  investment's
• 8:33
  only
• 8:33
  $12,000.
• 8:35
  If
• 8:35
  you
• 8:35
  take
• 8:35
  $25
• 8:36
  times
• 8:37
  12
• 8:37
  months,
• 8:37
  times
• 8:38
  40
• 8:38
  years,
• 8:39
  in
• 8:39
  this
• 8:39
  case,
• 8:40
  $12,000
• 8:41
  is
• 8:41
  your
• 8:41
  original
• 8:42
  investment.
• 8:43
  But.
• 8:43
  But
• 8:43
  that
• 8:43
  has
• 8:44
  now
• 8:44
  grown
• 8:44
  to
• 8:44
  $87,275.
• 8:47
  What's
• 8:47
  the
• 8:47
  earnings
• 8:48
  on
• 8:48
  that?
• 8:48
  I'll
• 8:48
  do
• 8:48
  the
• 8:49
  math
• 8:49
  for
• 8:49
  you.
• 8:50
  It's
• 8:50
  $75,275
• 8:53
  at
• 8:54
  $25
• 8:54
  a
• 8:55
  month.
• 8:56
  And
• 8:56
  see,
• 8:56
  that's
• 8:56
  huge.
• 8:57
  And
• 8:58
  that's
• 8:58
  why
• 8:58
  I
• 8:58
  thought
• 8:58
  it
• 8:58
  was
• 8:58
  so
• 8:59
  important
• 8:59
  to
• 8:59
  bring
• 8:59
  that
• 8:59
  message
• 9:00
  to
• 9:00
  you
• 9:00
  today,
• 9:01
  compounding
• 9:02
  for
• 9:02
  the
• 9:03
  consistent
• 9:03
  person
• 9:04
  when
• 9:04
  you
• 9:04
  start
• 9:04
  early.
• 9:04
  So
• 9:05
  I
• 9:05
  always
• 9:05
  tell
• 9:05
  people
• 9:06
  as
• 9:06
  they're
• 9:06
  listening
• 9:06
  to
• 9:07
  the
• 9:07
  show,
• 9:07
  start
• 9:08
  early,
• 9:08
  start
• 9:09
  investing
• 9:09
  early,
• 9:10
  start.
• 9:11
  Because
• 9:11
  you
• 9:11
  can
• 9:11
  see
• 9:11
  the
• 9:11
  return
• 9:12
  just
• 9:12
  at
• 9:12
  $25.
• 9:13
  Imagine
• 9:13
  if
• 9:13
  that
• 9:13
  was
• 9:14
  a
• 9:14
  hundred
• 9:14
  dollars.
• 9:15
  Imagine
• 9:16
  that.
• 9:17
  Let's
• 9:17
  tie
• 9:17
  this
• 9:17
  into
• 9:18
  Scripture.
• 9:18
  I
• 9:18
  actually
• 9:18
  found
• 9:19
  two
• 9:19
  verses
• 9:19
  today.
• 9:19
  First
• 9:20
  one's
• 9:20
  from
• 9:20
  Proverbs,
• 9:21
  chapter
• 9:21
  13,
• 9:22
  verse
• 9:22
  11.
• 9:23
  And
• 9:23
  I
• 9:23
  use
• 9:24
  this
• 9:24
  one
• 9:24
  because
• 9:24
  this
• 9:24
  is
• 9:25
  all
• 9:25
  about
• 9:25
  that
• 9:25
  consistency
• 9:26
  piece.
• 9:27
  Again,
• 9:27
  this
• 9:27
  is
• 9:28
  Proverbs
• 9:28
  13:11.
• 9:29
  Dishonest
• 9:30
  money
• 9:30
  dwindles
• 9:31
  away.
• 9:31
  But
• 9:32
  whoever
• 9:32
  gathers
• 9:32
  money,
• 9:33
  little
• 9:33
  by
• 9:33
  little,
• 9:34
  makes
• 9:34
  it
• 9:34
  grow.
• 9:35
  And
• 9:35
  see,
• 9:36
  that's
• 9:36
  what
• 9:36
  Scripture
• 9:36
  is
• 9:36
  pointing
• 9:37
  to
• 9:37
  here.
• 9:38
  Scripture
• 9:38
  is
• 9:38
  pointing
• 9:39
  to
• 9:39
  that
• 9:39
  consistency,
• 9:41
  that
• 9:41
  compounding,
• 9:42
  it's
• 9:43
  rewarding.
• 9:44
  It's
• 9:44
  steady.
• 9:46
  And
• 9:46
  from
• 9:46
  a
• 9:46
  biblical
• 9:47
  perspective,
• 9:48
  it's
• 9:48
  all
• 9:48
  about
• 9:48
  that
• 9:49
  faithful
• 9:49
  diligence.
• 9:50
  And
• 9:50
  here's
• 9:51
  the
• 9:51
  other
• 9:51
  verse
• 9:51
  I
• 9:51
  found.
• 9:51
  I
• 9:52
  thought
• 9:52
  this
• 9:52
  one
• 9:52
  was
• 9:52
  a
• 9:52
  great
• 9:52
  one
• 9:53
  as
• 9:53
  well.
• 9:53
  This
• 9:53
  is
• 9:53
  from
• 9:53
  the
• 9:53
  book
• 9:53
  of
• 9:54
  Galatians,
• 9:55
  chapter
• 9:55
  6,
• 9:55
  verse
• 9:56
  9.
• 9:57
  And
• 9:57
  again,
• 9:57
  this
• 9:57
  is
• 9:58
  all
• 9:58
  about
• 9:58
  consistency.
• 9:58
  And
• 9:59
  stay
• 9:59
  in
• 9:59
  that
• 9:59
  course,
• 9:59
  starting
• 10:00
  early.
• 10:00
  Galatians
• 10:01
  6,
• 10:01
  9.
• 10:02
  Let
• 10:02
  us
• 10:03
  not
• 10:03
  become
• 10:03
  weary
• 10:03
  in
• 10:04
  doing
• 10:04
  good,
• 10:05
  for
• 10:05
  at
• 10:05
  the
• 10:06
  proper
• 10:06
  time
• 10:07
  we
• 10:07
  will
• 10:07
  reap
• 10:07
  a
• 10:07
  harvest
• 10:08
  if
• 10:08
  we
• 10:08
  do
• 10:08
  not
• 10:08
  give
• 10:09
  up.
• 10:10
  Think
• 10:10
  about
• 10:10
  that
• 10:10
  $25
• 10:11
  investment,
• 10:12
  $25
• 10:13
  a
• 10:13
  month,
• 10:14
  that
• 10:14
  consistency,
• 10:15
  not
• 10:15
  giving
• 10:15
  up.
• 10:16
  And
• 10:17
  what
• 10:17
  are
• 10:17
  we
• 10:17
  talking
• 10:17
  about
• 10:17
  here?
• 10:18
  It's
• 10:18
  that
• 10:19
  faithfulness
• 10:19
  over
• 10:20
  time.
• 10:21
  And
• 10:21
  it's
• 10:22
  that
• 10:22
  faithfulness
• 10:22
  of
• 10:23
  just
• 10:23
  that
• 10:23
  consistency
• 10:24
  of
• 10:25
  putting
• 10:25
  that
• 10:25
  money
• 10:26
  into
• 10:26
  that
• 10:26
  investment
• 10:26
  portfolio.
• 10:28
  And
• 10:28
  I
• 10:28
  thought,
• 10:29
  you
• 10:29
  know
• 10:29
  what,
• 10:29
  this
• 10:29
  applies
• 10:29
  in
• 10:30
  life
• 10:30
  and
• 10:30
  our
• 10:31
  finances,
• 10:32
  when
• 10:32
  we're
• 10:33
  consistent
• 10:33
  when
• 10:33
  we
• 10:33
  do
• 10:33
  those
• 10:34
  things
• 10:34
  day
• 10:34
  in
• 10:34
  and
• 10:35
  day
• 10:35
  out
• 10:35
  to
• 10:36
  be
• 10:36
  a
• 10:36
  better
• 10:36
  person,
• 10:37
  to
• 10:37
  be
• 10:37
  that
• 10:37
  Christian
• 10:38
  person
• 10:38
  we
• 10:38
  want
• 10:38
  to
• 10:39
  be.
• 10:40
  So
• 10:40
  that's
• 10:40
  my
• 10:40
  real
• 10:41
  key
• 10:41
  for
• 10:41
  today,
• 10:42
  consistency
• 10:43
  and
• 10:43
  take
• 10:44
  advantage
• 10:44
  of
• 10:44
  some
• 10:45
  compounding
• 10:45
  magic.
• 10:46
  Why
• 10:46
  about
• 10:46
  we
• 10:47
  pray
• 10:47
  together
• 10:47
  now?
• 10:48
  Father,
• 10:49
  we
• 10:49
  just
• 10:49
  come
• 10:49
  to
• 10:49
  you
• 10:49
  today
• 10:49
  and
• 10:50
  we
• 10:50
  are
• 10:50
  just
• 10:50
  so
• 10:50
  thankful
• 10:51
  for
• 10:51
  this
• 10:51
  beautiful
• 10:52
  thing
• 10:52
  of
• 10:52
  compounding.
• 10:53
  We
• 10:53
  just
• 10:53
  thank
• 10:53
  you
• 10:54
  for
• 10:54
  the
• 10:54
  provision
• 10:54
  you
• 10:54
  give
• 10:55
  us
• 10:55
  in
• 10:55
  our
• 10:55
  lives
• 10:55
  every
• 10:55
  day.
• 10:56
  And
• 10:56
  we
• 10:57
  just
• 10:57
  ask
• 10:57
  that
• 10:57
  if
• 10:57
  we
• 10:58
  haven't
• 10:58
  started
• 10:58
  investing
• 10:59
  that
• 10:59
  you
• 10:59
  would
• 10:59
  give
• 10:59
  us
• 11:00
  the
• 11:00
  discipline
• 11:00
  to
• 11:00
  start
• 11:01
  that
• 11:02
  even
• 11:02
  if
• 11:02
  it
• 11:02
  feels
• 11:03
  small.
• 11:03
  We
• 11:03
  feel
• 11:03
  so
• 11:04
  minute
• 11:04
  in
• 11:04
  some
• 11:04
  of
• 11:05
  these
• 11:05
  things.
• 11:05
  But
• 11:05
  Lord,
• 11:06
  help
• 11:06
  us
• 11:06
  to
• 11:06
  find
• 11:06
  that
• 11:07
  10
• 11:07
  or
• 11:07
  $25
• 11:08
  a
• 11:08
  month
• 11:09
  to
• 11:09
  start
• 11:09
  that
• 11:10
  investment
• 11:10
  and
• 11:10
  to
• 11:10
  be
• 11:11
  diligent
• 11:11
  in
• 11:11
  that,
• 11:11
  as
• 11:12
  the
• 11:12
  scripture
• 11:12
  says,
• 11:13
  to
• 11:14
  gather
• 11:14
  it
• 11:14
  little
• 11:14
  by
• 11:14
  little,
• 11:15
  Lord,
• 11:15
  and
• 11:15
  let
• 11:15
  it
• 11:15
  grow.
• 11:16
  And
• 11:17
  we
• 11:17
  ask
• 11:17
  you
• 11:17
  to
• 11:17
  give
• 11:18
  us
• 11:18
  patience.
• 11:18
  And
• 11:18
  not
• 11:19
  a
• 11:19
  lot
• 11:19
  of
• 11:19
  people
• 11:19
  say,
• 11:19
  Ralph,
• 11:20
  don't
• 11:20
  pray
• 11:20
  about
• 11:20
  patience.
• 11:21
  But
• 11:21
  Lord,
• 11:21
  we
• 11:21
  ask
• 11:21
  for
• 11:22
  your
• 11:22
  patience
• 11:22
  in
• 11:23
  this,
• 11:23
  to
• 11:23
  not
• 11:23
  have
• 11:23
  that
• 11:24
  focus
• 11:24
  on
• 11:24
  that
• 11:24
  get
• 11:25
  rich
• 11:25
  quick
• 11:25
  scheme
• 11:26
  overnight.
• 11:26
  So
• 11:26
  many
• 11:26
  people,
• 11:27
  we
• 11:27
  see
• 11:27
  that
• 11:27
  around
• 11:27
  us.
• 11:28
  But
• 11:28
  how
• 11:28
  help
• 11:28
  us
• 11:29
  to
• 11:29
  be
• 11:29
  patient
• 11:29
  in
• 11:29
  that,
• 11:29
  Lord?
• 11:30
  Help
• 11:31
  us
• 11:31
  to
• 11:31
  reap
• 11:31
  a
• 11:31
  harvest
• 11:32
  of
• 11:32
  this
• 11:32
  consistency
• 11:33
  and
• 11:33
  this
• 11:34
  faithfulness.
• 11:34
  At
• 11:34
  the
• 11:35
  same
• 11:35
  time,
• 11:35
  help
• 11:35
  us
• 11:35
  to
• 11:35
  have
• 11:36
  wisdom,
• 11:36
  to
• 11:36
  get
• 11:37
  out
• 11:37
  of
• 11:37
  debt
• 11:37
  where
• 11:38
  we
• 11:38
  found
• 11:38
  ourselves
• 11:38
  in
• 11:38
  order
• 11:38
  to
• 11:39
  stay
• 11:39
  out
• 11:39
  of
• 11:39
  debt.
• 11:40
  Help
• 11:40
  us
• 11:40
  to
• 11:40
  realize
• 11:41
  that
• 11:41
  that
• 11:41
  will
• 11:41
  compound
• 11:41
  against
• 11:42
  us
• 11:42
  and
• 11:42
  help
• 11:42
  us
• 11:42
  to
• 11:43
  really
• 11:43
  focus
• 11:43
  our
• 11:43
  efforts
• 11:44
  not
• 11:44
  on
• 11:44
  so
• 11:44
  much
• 11:44
  on
• 11:45
  what's
• 11:45
  in
• 11:45
  our
• 11:45
  investments,
• 11:46
  but
• 11:46
  what's
• 11:46
  in
• 11:46
  you,
• 11:47
  Lord.
• 11:47
  And
• 11:47
  help
• 11:47
  us
• 11:48
  to
• 11:48
  really
• 11:48
  find
• 11:48
  our
• 11:48
  value.
• 11:49
  And
• 11:49
  we
• 11:49
  ask
• 11:49
  all
• 11:50
  these
• 11:50
  things
• 11:51
  in
• 11:51
  the
• 11:51
  name
• 11:51
  of
• 11:51
  Jesus.
• 11:53
  Amen.
• 11:54
  Discipline
• 11:55
  over
• 11:55
  time.
• 11:57
  Just
• 11:57
  get
• 11:57
  started.
• 11:57
  Even
• 11:58
  if
• 11:58
  it
• 11:58
  starts
• 11:58
  small,
• 11:59
  have
• 12:00
  that
• 12:00
  patience,
• 12:00
  let
• 12:01
  time
• 12:01
  do
• 12:01
  its
• 12:01
  work
• 12:02
  and
• 12:03
  avoid
• 12:03
  that
• 12:03
  temptation
• 12:04
  of
• 12:04
  getting
• 12:04
  into
• 12:04
  debt.
• 12:05
  So
• 12:05
  here's
• 12:05
  my
• 12:06
  one
• 12:06
  action
• 12:06
  item
• 12:06
  for
• 12:06
  today.
• 12:07
  Go
• 12:07
  find
• 12:08
  a
• 12:08
  $25
• 12:09
  and
• 12:10
  make
• 12:10
  that
• 12:10
  investment
• 12:11
  and
• 12:11
  do
• 12:11
  it
• 12:11
  every
• 12:11
  month.
• 12:12
  And
• 12:13
  you
• 12:13
  will
• 12:13
  absolutely
• 12:13
  be
• 12:13
  amazed
• 12:14
  at
• 12:14
  just
• 12:14
  how
• 12:14
  much
• 12:15
  that
• 12:15
  can
• 12:15
  grow
• 12:15
  over
• 12:16
  your
• 12:16
  lifetime.
• 12:17
  And
• 12:18
  I
• 12:18
  just
• 12:18
  want
• 12:18
  to
• 12:18
  thank
• 12:18
  you
• 12:18
  for
• 12:18
  joining
• 12:19
  me
• 12:19
  today.
• 12:19
  One
• 12:20
  of
• 12:20
  the
• 12:20
  things
• 12:20
  I'd
• 12:20
  love
• 12:20
  to
• 12:21
  do
• 12:21
  for
• 12:21
  you
• 12:21
  is
• 12:22
  I
• 12:22
  just
• 12:22
  finished
• 12:22
  writing
• 12:22
  my
• 12:22
  third
• 12:23
  book.
• 12:23
  My
• 12:24
  third
• 12:24
  book
• 12:24
  is
• 12:24
  called
• 12:24
  How
• 12:24
  to
• 12:25
  Become
• 12:25
  a
• 12:25
  Financially
• 12:25
  Confident
• 12:26
  Christian
• 12:26
  As
• 12:26
  I
• 12:26
  wrote
• 12:26
  this
• 12:27
  book,
• 12:27
  I'm
• 12:27
  thinking
• 12:27
  there
• 12:28
  are
• 12:28
  people
• 12:28
  out
• 12:29
  there,
• 12:29
  you
• 12:29
  might
• 12:29
  be
• 12:29
  one
• 12:29
  of
• 12:30
  these
• 12:30
  people
• 12:30
  right
• 12:30
  now
• 12:30
  listening,
• 12:31
  who
• 12:32
  just
• 12:32
  needs
• 12:32
  a
• 12:32
  set
• 12:32
  of
• 12:32
  tools
• 12:33
  and
• 12:33
  a
• 12:33
  set
• 12:33
  of
• 12:34
  people
• 12:34
  that
• 12:34
  have
• 12:34
  been
• 12:35
  through
• 12:35
  this
• 12:35
  before.
• 12:35
  And
• 12:36
  I
• 12:36
  took
• 12:36
  30
• 12:36
  years
• 12:37
  of
• 12:37
  my
• 12:37
  experience
• 12:38
  here
• 12:38
  doing
• 12:39
  accounting
• 12:39
  and
• 12:39
  working
• 12:39
  with
• 12:40
  people,
• 12:40
  and
• 12:40
  I
• 12:40
  put
• 12:41
  that
• 12:41
  into
• 12:41
  this
• 12:41
  book.
• 12:41
  It's
• 12:42
  really
• 12:42
  a
• 12:42
  labor
• 12:42
  of
• 12:42
  love
• 12:42
  and
• 12:43
  a
• 12:43
  passion.
• 12:43
  I
• 12:43
  want
• 12:43
  to
• 12:43
  give
• 12:43
  you
• 12:43
  a
• 12:44
  copy
• 12:44
  of
• 12:44
  that
• 12:44
  book
• 12:44
  for
• 12:44
  free.
• 12:45
  You
• 12:45
  can
• 12:45
  get
• 12:46
  that
• 12:46
  book
• 12:46
  by
• 12:46
  going
• 12:46
  to
• 12:46
  my
• 12:46
  website.
• 12:47
  That's
• 12:47
  FinanciallyConfidentChristian.com/becoming.
• 12:50
  Go
• 12:51
  right
• 12:51
  to
• 12:51
  that
• 12:51
  website
• 12:51
  again,
• 12:52
  that's
• 12:52
  FinanciallyConfidentChristian.com/becoming.
• 12:55
  Then
• 12:56
  you
• 12:56
  can
• 12:56
  download
• 12:56
  a
• 12:56
  copy
• 12:57
  of
• 12:57
  the
• 12:57
  book
• 12:57
  right
• 12:57
  then
• 12:57
  and
• 12:58
  there,
• 12:58
  no
• 12:58
  questions
• 12:58
  asked.
• 12:59
  I
• 12:59
  would
• 12:59
  love
• 12:59
  to
• 12:59
  give
• 13:00
  it
• 13:00
  to
• 13:00
  you
• 13:01
  now.
• 13:01
  I
• 13:01
  really
• 13:01
  hope
• 13:02
  today
• 13:02
  has
• 13:03
  been
• 13:03
  impactful
• 13:03
  for
• 13:04
  you.
• 13:04
  Let's
• 13:05
  all
• 13:05
  work
• 13:05
  together
• 13:06
  to
• 13:06
  become
• 13:06
  those
• 13:06
  financially
• 13:07
  confident
• 13:07
  Christians
• 13:08
  because
• 13:08
  I
• 13:08
  know
• 13:08
  you
• 13:08
  can
• 13:08
  do
• 13:09
  this.
• 13:09
  Have
• 13:09
  some
• 13:09
  confidence
• 13:09
  in
• 13:10
  yourself,
• 13:10
  because
• 13:10
  most
• 13:11
  than
• 13:11
  me
• 13:11
  having
• 13:11
  a
• 13:11
  confidence
• 13:12
  in
• 13:12
  you,
• 13:12
  the
• 13:12
  Lord
• 13:13
  has
• 13:13
  confidence
• 13:13
  in
• 13:14
  you.
• 13:14
  So
• 13:14
  stay
• 13:15
  financially
• 13:15
  savvy
• 13:16
  out
• 13:16
  there.
• 13:16
  God
• 13:17
  bless
• 13:17
  you.
• 13:17
  And
• 13:17
  you
• 13:18
  have
• 13:18
  a
• 13:18
  great
• 13:18
  day
• 13:18
  today.