We are back with another
episode of Dollars and Sense,
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and I am so excited!
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My name is Yvonne Lewis.
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I'm the co-host
for this program,
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and our primary
host is Ryan Mack.
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And Ryan is a
Financial Literacy expert.
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And we have just been getting
some incredible information.
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This is Part 2 actually of the
Financial Predators Episodes.
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This is Part 2, and
Part 1 was incredible.
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So if you didn't get to see
it, make sure you order the DVD,
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because you
don't want to miss it.
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Ryan, you gave us
such great information.
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Can we do like a
little recap from Part 1
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and then go on to Part 2?
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Yeah, well the bottom line
is that we have a 360 billion
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dollar industry that is
attacking our communities.
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360 billion dollars!
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360 billion dollars and they
are attacking our communities.
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And they are essentially
exploiting what we don't know.
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They are exploiting ignorance.
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I always like to say
there's nothing wrong with being
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ignorant, but there is something
wrong with staying ignorant.
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So we must address, especially
about those things that we
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are not savvy about.
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So I have a Scripture
here at Proverbs 15:14
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that says directly to that:
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So, again, we are
having in our communities...
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Again, this is not a
black, or brown, or white thing,
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this is a green thing.
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And these organizations
are going into rural America,
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Appalachia, urban America,
outside of Veteran bases,
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and they are putting
up check cashing places,
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payday loans, cash
advances, title loans,
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refund anticipations loans;
everything that individuals are
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trying to do on
praying on the undeserved.
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And they have a vested
interest at 360 billion dollars.
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That money is made because
essentially individuals who are
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using check cashing places,
that are donating, essentially,
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going through their fees,
1 to 5% of all their money
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to these check
cashing facilities.
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They don't know that they
can open up a bank account.
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Those people using payday
loans who might say, you know,
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who are donating
2 to 300% interest,
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who are living check to Tuesday.
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And I say donating,
because they really are
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giving their money away.
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That's incredible! When I hear
about the amount of interest
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that people are paying;
that just, it blows me away!
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Right. I mean
these, the fees rack up.
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And they are really savvy
about being able to navigate
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themselves around usury laws,
or paying the right politician
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to make sure they can
turn a blind eye to usury laws.
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And so what happens is that
now it's almost a free for all.
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Rent to Rim
stores, Rent to Own stores.
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There's a Rent to Rim store
on Eight Mile in Detroit where
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people can go and rent rims.
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Where... and let me tell you
the step further than that. Wow!
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You can rent hair weave. No!
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Yes, you can! Are you serious?
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Oh, you can finance hair weaves.
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Yes, you can finance.
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They have a hair weave financing
physicality where people are
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financing hair weaves.
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Well, you know why?
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Because hair weave
is expensive. Right.
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It might be a thousand dollars
to get a really good job done.
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Uh huh. And so...
You've got to have your weave.
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You've got to have your weave.
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You know, we're not knocking
it now... you know, some folks,
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we don't want to call it
weave, extension, whatever.
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If you want your
weave, have your weave.
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But if you have to finance your
weave, you don't need the weave.
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Right. That's
right; that's true.
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If you have to
finance it, and they...
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I went to St. Lucia, and I was
there on a mission trip. Uh huh.
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And I'm always picking fights.
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So everywhere I
go I pick a fight.
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And I found out that they
have this thing called Jump,
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where you, it's a carnival, and
you have essentially it's this
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carnival, and there's a huge
history in St. Lucia around it.
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And you go, and the people are,
they dance in this carnival.
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And there's a huge festival.
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But then before that you
have to get the costumes,
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and you have to
do all these things.
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But you have to spend
money o all this stuff.
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Um! And so as you're in this
carnival, becomes extravagant,
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people are actually
getting out payday type loans
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to jump in carnival. Wow!
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And I'd never seen it.
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And again, this is to the
tune of 2 to 300% interest rate.
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People are taking out
these loans so they can buy this
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equipment so they
can dance for a month.
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And they have to
get their wristband.
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And they can go to
any party they want.
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And they can drink
and have all this fun.
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And they're getting in debt.
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So when they come out
of debt they're drunk,
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they're tired,
and they're broke.
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And it's like, Wait a minute!
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So, you are in poverty before,
but you took out this loan,
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so you can jump
in this carnival?
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I mean this is
not just in the U. S.
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This is around the world.
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It's international.
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Where we are financing,
essentially financing either
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wicked behavior, we're financing
all of this behavior that is
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irresponsible, ungodly.
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Yes, ungodly! And so,
and they're making tons
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of money off of it.
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They're making
tons of money off of it.
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That's the thing, because
it's probably being promoted,
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you know, by get this,
get that, get this, get that.
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And people are going
into debt just like people do
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around Christmastime; going
into debt for this one event.
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And then you're just stuck
with paying 2 to 300% interest.
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That is crazy! And
there's a vested interest
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in keeping people poor.
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Yes! They want to keep you poor,
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because it's pricy to be poor,
as long as they can continue to
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just nickel and
dime you with these fees.
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They might not be making
a lot of money off of you,
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but if they can do this,
what they're doing to an entire
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community, then
they're making miss.
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We talked about last week.
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In the check cashing facility
we saw one we estimated makes
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a half a million dollars
a year just off fees alone
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from cashing checks.
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Not the produce, and the foods,
and the bread and what not,
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but they make a half
million dollars a year
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off of check cashing.
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And this is because individuals,
and most of them will say,
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I just don't know any other way.
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Why do you use a check cashing
as opposed to using a bank?
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I just don't know any other way.
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So payday loans, check
cashing places, title loans,
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cash advances, Rent
to Own, Rent to Rim,
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prepaid debit cards, all of
these type of establishments,
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the prepaid debit card, check
this out, Why do we find it
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appropriate to spend money?
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Okay now, we might pay
money on a bottle of water.
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So we're
spending money for water.
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Alright, we wish we wouldn't
have to spend money on water.
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But, hey, you might have to
spend money on air nowadays.
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Do you remember you used to go
to the gas station and you'd get
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your tire pumped up?
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It used to be
free. It used to be free.
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But now you have to
pay money for air. Right.
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So what an oxymoron that is.
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You have to... It's no
longer free air any longer.
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Okay. You're
paying money for water.
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You're paying money for air.
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But now we've got
to pay money for money.
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Because the prepaid
debit card is just money.
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It's money
transferred onto this vehicle,
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which is another
money essentially.
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Put money on this card.
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You pay money to
put money on this card.
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It doesn't build your credit.
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It's not tied in to creditors.
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And you spend it at
various stores that accept
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Visa and Master Card.
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And they say, Well, this is
the only way that we can use
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to empower you, and we help
your budget, and we help build
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your credit, which is a lie.
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They don't! And you spend
money to use your own money,
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which is the
epitome of foolishness.
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I'm just, my mouth is open
because with the prepaid card,
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what they're feeding you is
really a lie. Right, exactly.
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Because you're
not... It's your money.
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It's not a secured
card. No, it's not.
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It's a prepaid. Let's talk about
the difference, because I think
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people need to understand that
this is... You can't build your
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credit with a prepaid card.
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So really, you get
that card and you're
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making somebody else rich.
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Right. Well, I was very proud
of I was able to help lead a
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movement to make sure that
Suzie Ormond's Approve card
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was not successful.
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And I have no problem
with calling folks out.
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I've called them out on
CNN and FOX many times before.
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And I'll continue to do so,
because I do not like people
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pimping on poor people.
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We have to stop this.
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We have to stop
this exploitation.
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But when Suze Orman came
out with her Approved card,
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I assumed that it
was a secured card.
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A secured card
essentially is just that.
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If I want to borrow
some money from you, right?
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And you give me,
if I give you a $100,
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and you put that $100 in your
pocket, and then I say, Hey,
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you know what, can
I borrow another $100?
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Now I gave you $100 of my money.
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You put it in your pocket.
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And then you give me
100 different dollars
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that I can go and spend.
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You'll feel comfortable doing
that because you still have
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my $100 in your pocket. Right.
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And that's why, because
you feel secure that that
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money is in your pocket. Right.
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That's what the bank is doing.
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The bank is saying, I'll be
happy to allow you to use this
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credit card, but give me
some money as collateral.
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We'll take this money, $2,
$300, $400, $500, put it into an
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account, a secured account.
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It becomes secure. Now
you can use this card freely
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up to the amount in which
you've secured in the account.
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And you can then, it's attached
to it, but we have to ask.
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We need to make sure that every
time we get a secured card we
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ask, Is this
attached to a line of credit?
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We should make sure
that question is very clear.
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Most banks will say yes, but
there are a few banks that may
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not be under
the FDIC regulation,
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or may be
unregulated; that don't have a
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secured line of credit.
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Because using a secured card,
if it's not attached to a line
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of credit: Experian,
Equifax, and TransUnion.
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It's no point. There's no point.
00:10:01.96\00:10:03.77
So we want to make sure we
ask the question, Is it secured?
00:10:03.83\00:10:06.57
Is it attached
to a line of credit?
00:10:06.60\00:10:08.00
Because when I use a
secured card and I pay it back,
00:10:08.04\00:10:10.91
we talked in another
episode, 35% of your FICO Score,
00:10:10.94\00:10:13.78
paying your bills on time.
00:10:13.84\00:10:15.18
As you pay your bills on
time, use a secured card,
00:10:15.21\00:10:17.78
it builds your credit. Right.
00:10:17.81\00:10:19.41
It builds a credit history.
00:10:19.45\00:10:21.02
It builds length
of credit history.
00:10:21.05\00:10:22.38
It's 15% of your FICO Score.
00:10:22.42\00:10:24.32
30% of your FICO
Score is your balance to
00:10:24.35\00:10:26.25
lending limit ratios.
00:10:26.29\00:10:27.62
So as you spend and pay back
it also impacts your credit.
00:10:27.66\00:10:31.26
So all of these things... The
secured card is a great way for
00:10:31.29\00:10:34.40
individuals who don't have a lot
of... who have credit issues.
00:10:34.46\00:10:37.30
I urge all of them to go.
00:10:37.33\00:10:40.27
If you have credit
issues go to a credit union.
00:10:40.30\00:10:42.77
Go to a bank that has
a secured card access.
00:10:42.80\00:10:45.31
And please,
just do the research.
00:10:45.34\00:10:47.34
On bankrate. com is a great
site that gives a listing of
00:10:47.41\00:10:50.38
different secured cards.
00:10:50.41\00:10:51.91
I advocate for no
fee secured cards.
00:10:51.95\00:10:54.65
But you might be able to know
of a bank or relationship within
00:10:54.68\00:10:57.05
your area that might have one.
00:10:57.12\00:10:58.45
But the prepaid
debit card is not that.
00:10:58.49\00:11:00.86
Where the secured card is
attached to a line of credit,
00:11:00.89\00:11:03.16
the prepaid debit card, which
I thought the approved card was,
00:11:03.19\00:11:07.10
was just like a
prepaid debit card.
00:11:07.13\00:11:08.46
Fees attached to it.
00:11:08.50\00:11:09.90
Every time you use
it you have to pay.
00:11:09.96\00:11:11.57
Putting money into an account.
00:11:11.60\00:11:14.20
You have to pay money
if you have to pay a bill.
00:11:14.24\00:11:18.41
You pay a monthly fee,
monthly maintenance fee.
00:11:18.44\00:11:20.58
If you lose it you have to pay
to get it turned back on again.
00:11:20.64\00:11:23.85
Where like my
debit card that I have
00:11:23.91\00:11:26.55
I've never paid any fees on.
00:11:26.58\00:11:28.28
It's a fee free card,
because I've done the research.
00:11:28.32\00:11:32.15
I've learned about how to budget
my account and make sure I have
00:11:32.19\00:11:35.42
enough money in my account.
00:11:35.46\00:11:36.79
And you can use
that money for free.
00:11:36.83\00:11:38.16
With a prepaid debit
card you have to pay.
00:11:38.19\00:11:40.00
So that's what... And so they'll
say, the fees that they've
00:11:40.06\00:11:43.33
charged is not as much as the
fees that the bank could charge.
00:11:43.40\00:11:46.67
And that's the key.
00:11:46.70\00:11:48.04
Because if you're using the bank
wisely, you won't ever have to
00:11:48.07\00:11:51.07
pay any fees attached to them.
00:11:51.11\00:11:52.77
So these are some things that...
00:11:52.81\00:11:54.44
It frustrates me when we
have this lack of knowledge.
00:11:54.48\00:11:58.21
Our people suffer
for lack of knowledge.
00:11:58.25\00:12:00.22
And we talked
about that in Hosea.
00:12:00.25\00:12:01.58
So we have to really understand
and have wisdom with every
00:12:01.62\00:12:05.99
financial decision.
00:12:06.02\00:12:07.36
Because if we don't
there's somebody out there who's
00:12:07.39\00:12:08.86
going to profit off of
everything that we don't know.
00:12:08.89\00:12:11.03
Right. And I think
again, we have to learn
00:12:11.06\00:12:15.26
to defer gratification. Yes.
00:12:15.30\00:12:17.53
You, you might say,
I want a credit card.
00:12:17.57\00:12:20.20
I want it now. Well, if you
don't have the money to have
00:12:20.24\00:12:22.94
a secured card,
you get that money.
00:12:22.97\00:12:25.51
And then you have a secured
card, and you work from there
00:12:25.54\00:12:30.41
instead of getting one of these
celebrity linked prepaid debit
00:12:30.45\00:12:36.85
cards that are making
them rich, and off of you,
00:12:36.89\00:12:40.22
because you're paying to use it.
00:12:40.26\00:12:41.86
Russell Simmons makes
tons of money on his RushCard.
00:12:41.89\00:12:44.09
Suze Orman tried it, but failed
at it with her Approved card.
00:12:44.13\00:12:46.80
Justin Bieber had
the Believer card.
00:12:46.86\00:12:48.76
We called the Lil Wayne
card the Ratchet card last week.
00:12:48.80\00:12:52.00
And I think...
That just kills me.
00:12:52.03\00:12:54.47
It was, it is
actually the Young Money card.
00:12:54.50\00:12:56.44
Uh huh. We have the Mango card.
00:12:56.47\00:12:58.14
It was George Lopez
for those who are Hispanic.
00:12:58.17\00:13:00.48
We have the Reach card
for Tom Joiner, for those in
00:13:00.51\00:13:04.08
the urban community.
00:13:04.15\00:13:05.48
We have the BET controlled card.
00:13:05.51\00:13:08.28
We have the... There's a few
other different cards out there.
00:13:08.32\00:13:12.45
And the Kim Kardashian's card.
00:13:12.49\00:13:14.16
I forgot what her
card, what their card was.
00:13:14.19\00:13:15.86
But that card
didn't last that long.
00:13:15.89\00:13:17.53
A lot of folks, including
myself, fought against that
00:13:17.56\00:13:20.70
introduction of
that brand new card.
00:13:20.73\00:13:22.06
But those cards are not really
sustainable because of the
00:13:22.10\00:13:24.90
public outlash; quite right.
00:13:24.93\00:13:26.70
Thank God that the public is now
starting to say, Listen, we will
00:13:26.74\00:13:30.31
not take this
exploitation any longer,
00:13:30.37\00:13:32.44
which I urge everyone to do.
00:13:32.47\00:13:33.88
Say, Listen, we
don't want these products.
00:13:33.94\00:13:35.78
And this is great
that you are speaking out
00:13:35.81\00:13:37.98
against these products.
00:13:38.01\00:13:39.35
But it's better, it's much, much
better if we listens to the will
00:13:39.38\00:13:42.25
and the Spirit of God when
He talks about it in His Word,
00:13:42.28\00:13:44.59
and implement the principles
in our lives that makes these
00:13:44.62\00:13:48.56
products; whether it be
prepaid debit, Rent a Center,
00:13:48.59\00:13:51.19
Rent to Own, Rent
a Rim. Rent a Rim?
00:13:51.23\00:13:54.56
They're renting rims.
00:13:54.60\00:13:55.93
They're putting
these rims on their cars.
00:13:55.96\00:13:57.80
And they have it
in there spinning,
00:13:57.83\00:14:00.04
and they're
spinning, and spinning.
00:14:00.07\00:14:02.27
And I said, What is this?
00:14:02.30\00:14:03.64
And they cost so much.
00:14:03.71\00:14:05.04
And you're going into debt.
00:14:05.07\00:14:06.91
You can't afford it.
00:14:07.01\00:14:08.34
And you're going deep
into debt just to look good.
00:14:08.38\00:14:10.45
Yep, I mean it's not funny.
00:14:10.48\00:14:12.05
The image of it just
kind of made me chuckle.
00:14:12.08\00:14:16.62
But it's not funny,
00:14:16.69\00:14:18.02
It's pathetic in that you
can barely feed yourself or your
00:14:18.05\00:14:22.19
family, and you're renting rims.
00:14:22.22\00:14:24.16
It's like there's
something wrong with that.
00:14:24.23\00:14:26.06
There's a disconnect here.
00:14:26.09\00:14:27.66
Our money... I mean our people
suffer for lack of knowledge.
00:14:27.73\00:14:30.43
For lack of knowledge.
00:14:30.47\00:14:31.80
And we need it, and we need it.
00:14:31.83\00:14:33.17
So now I have a few stories to
share for lottery. Yeah, yeah.
00:14:33.20\00:14:37.17
Now, again,
because lottery is in the
00:14:37.21\00:14:38.91
70 billion dollar industry.
00:14:38.94\00:14:40.58
We talked about it last week.
00:14:40.64\00:14:41.98
People putting more faith
in luck than people put in what
00:14:42.01\00:14:45.45
God has given
them to be successful.
00:14:45.48\00:14:47.68
We have to get beyond this.
00:14:47.72\00:14:49.05
So a few stories, and I also
want to quote a Scripture that I
00:14:49.08\00:14:52.35
think is just so pointed to...
00:14:52.39\00:14:53.76
See the word talks
about everything. Everything!
00:14:53.82\00:14:57.39
There's nothing that
the word does not cover.
00:14:57.43\00:14:59.86
So you see, for every dollar
that's spent across the country
00:14:59.89\00:15:04.37
you get about a
67 cent return, okay?
00:15:04.40\00:15:07.57
So that means you lose 33 cents.
00:15:07.64\00:15:09.10
From the lottery? Yes. Okay.
00:15:09.14\00:15:10.51
So you spend a dollar.
00:15:10.54\00:15:11.87
You get back 67 cents.
00:15:11.91\00:15:13.98
You're losing 33 cents on
every single dollar you spend.
00:15:14.01\00:15:16.95
So essentially
you're giving money away.
00:15:16.98\00:15:18.78
And it's a great
revenue industry for, you know,
00:15:18.81\00:15:21.98
for the different states.
00:15:22.02\00:15:23.72
And they make tons
of money off of it.
00:15:23.79\00:15:25.22
And as the Powerball
gets bigger and bigger,
00:15:25.25\00:15:27.26
people's hearts start dreaming
about all the things they can
00:15:27.29\00:15:29.49
do with this Powerball.
00:15:29.52\00:15:30.86
Well, here's some winners
of various lotteries. Oh, okay.
00:15:30.93\00:15:34.73
So William "Bud" Post, okay?
00:15:34.73\00:15:37.33
William "Bud" Post... And these
are people you've never heard of
00:15:37.37\00:15:39.70
because they're broke.
00:15:39.73\00:15:41.07
So, but William "Bud"
Post won 16.2 million dollars
00:15:41.10\00:15:47.24
in the Pennsylvania
Lottery, but now lives entirely
00:15:47.28\00:15:49.54
on Social Security;
blew all of it 1988.
00:15:49.58\00:15:52.15
1993 Suzanne Mullins won
4.2 million in the lottery.
00:15:52.18\00:15:56.35
But now she's deeply in debt
to a company that lent her money
00:15:56.38\00:15:58.82
using the
winnings and collateral.
00:15:58.85\00:16:00.39
Ken Proxmire was a machinist.
00:16:00.42\00:16:02.39
He won a million
dollars in lottery.
00:16:02.42\00:16:04.19
He moved to California.
00:16:04.26\00:16:05.59
Went into the car
business with his brothers.
00:16:05.63\00:16:06.96
Within five years he
was totally bankrupt.
00:16:07.00\00:16:08.53
Willie Hurt of
Lansing, 3.1 million in 1989,
00:16:08.56\00:16:12.53
3.1 million in lottery.
00:16:12.57\00:16:13.94
Two years later he was
broke and charged with murder.
00:16:13.97\00:16:16.37
His lawyer says he
spent his fortune on a
00:16:16.40\00:16:21.48
divorce and crack cocaine, okay?
00:16:21.51\00:16:23.78
Missourian, Janite Lee,
18 million dollars in 1993,
00:16:23.85\00:16:27.62
was generous, was
giving her money away.
00:16:27.65\00:16:29.12
But according to published
reports, eight years after
00:16:29.15\00:16:31.05
winning Lee had filed for
bankruptcy, and only $700 left
00:16:31.09\00:16:34.56
in two bank accounts, okay?
00:16:34.59\00:16:36.32
So now you read
all of that, right?
00:16:36.36\00:16:38.23
And you say, How can
all these individuals
00:16:38.26\00:16:40.00
waste all this money?
00:16:40.03\00:16:41.33
But then you see what
Proverbs 17:16 says. It says:
00:16:41.36\00:16:45.50
So the word is saying...
00:16:49.97\00:16:52.11
Now is that not a perfect verse?
00:16:52.14\00:16:53.74
Exactly! So the word is saying,
You're chasing this money,
00:16:53.78\00:16:56.54
but you're
chasing the wrong thing.
00:16:56.58\00:16:57.95
You need to be chasing wisdom,
knowledge, understanding.
00:16:57.98\00:17:00.95
Because peace
beyond all understanding.
00:17:00.98\00:17:02.68
You'll get peace.
You'll get tranquility.
00:17:02.72\00:17:05.22
You'll get everything
from just knowledge and wisdom,
00:17:05.25\00:17:07.39
which the word is encouraging
us to go out and get.
00:17:07.42\00:17:10.06
But if you get the money
first without the knowledge,
00:17:10.09\00:17:12.36
and understanding, you
end up with charged with
00:17:12.39\00:17:15.10
murder, crack cocaine.
00:17:15.13\00:17:16.46
All of these evil things
come just because we just
00:17:16.50\00:17:19.20
didn't understand it. Uh huh.
00:17:19.23\00:17:21.07
And with this, and I look at
Luke 15:11-24 and I think it's
00:17:21.10\00:17:27.61
such a pointed verse, because
to me it really just lays out
00:17:27.64\00:17:31.68
perfectly, and it says: And
he said, There was a man who had
00:17:31.71\00:17:34.82
two sons, and the younger
of them said to his father...
00:17:34.85\00:17:37.65
You know, and so
this man has two sons.
00:17:37.69\00:17:39.62
So the youngest son, I'm
just imagining him saying,
00:17:39.65\00:17:41.49
Hey, Pop, you know, and he
says, Father, give me the share
00:17:41.52\00:17:44.96
of property
that is coming to me.
00:17:44.99\00:17:46.49
So that younger
son, you can just tell,
00:17:46.53\00:17:48.23
I just want the property. Right.
00:17:48.26\00:17:49.90
I'm owed this property.
00:17:49.93\00:17:51.27
I want this property.
00:17:51.30\00:17:52.63
And the father was compliant.
00:17:52.67\00:17:54.00
And he divided his
property between them.
00:17:54.04\00:17:56.91
Not many days later the younger
son gathered all he had and took
00:17:56.97\00:18:02.54
a journey into a far
country, so the younger son
00:18:02.58\00:18:05.78
just wants this money.
00:18:05.81\00:18:07.15
He's asking for
money, begging for money.
00:18:07.18\00:18:08.52
He gets the money, and gets the
property, and he takes it and
00:18:08.55\00:18:10.92
he goes on a journey.
00:18:10.95\00:18:12.29
And there he
squandered his property in
00:18:12.32\00:18:15.02
reckless living, okay?
00:18:15.06\00:18:16.66
And when he had spent everything
a severe famine arose in that
00:18:16.69\00:18:20.76
country, and he
began to be in need.
00:18:20.83\00:18:22.36
So now he was not prepared.
00:18:22.40\00:18:23.77
So he went and hired himself out
to one of the citizens of that
00:18:23.80\00:18:27.24
country who sent him into
his field to feed the pigs.
00:18:27.27\00:18:30.51
So here we have this son, and
this is such a poignant story,
00:18:30.54\00:18:35.18
because it relates to every
single story of people who won
00:18:35.21\00:18:38.61
the lottery, and
squandered the money.
00:18:38.65\00:18:40.02
Most people who've won lotteries
when they get the money they
00:18:40.05\00:18:42.22
squander it, because they have
not been educated to save it.
00:18:42.25\00:18:44.55
So he goes out, he gets
the money, squanders his money.
00:18:44.59\00:18:48.02
A famine hits;
he's not prepared.
00:18:48.06\00:18:50.46
Because he should
have been prepared.
00:18:50.53\00:18:51.86
Now he's from a wealthy
family, a wealthy father
00:18:51.89\00:18:54.00
who gave him a legacy.
00:18:54.10\00:18:55.50
The father did what
he had to do for him.
00:18:55.53\00:18:57.53
You know, it almost relates
to what God is doing for us.
00:18:57.57\00:19:00.10
Absolutely. God is blessing us.
00:19:00.17\00:19:01.87
But because we're doing the
wrong things, and squandering
00:19:01.90\00:19:04.24
things in reckless living,
all of a sudden we're out here
00:19:04.27\00:19:06.74
feeding pigs and
thinking, Well, how come
00:19:06.81\00:19:08.64
I didn't... I want more.
00:19:08.68\00:19:10.51
There's more in store
for me than feeding pigs.
00:19:10.58\00:19:13.05
Then why did you
squander the blessings
00:19:13.08\00:19:14.72
that God has given you?
00:19:14.75\00:19:16.08
So we have to ask
these questions to ourselves.
00:19:16.12\00:19:18.59
If the young boy had just said,
Well, you know what, as opposed
00:19:18.62\00:19:21.36
to chasing the gold, let me
chase for knowledge and wisdom.
00:19:21.39\00:19:23.56
Uh huh. And then when he
received the blessings from
00:19:23.59\00:19:25.69
his father he'd have been
able to more prepared to go out.
00:19:25.73\00:19:28.66
And when the famine
hit he'd be prepared.
00:19:28.70\00:19:30.87
He'd have his land.
00:19:30.90\00:19:32.23
He'd have everything laid out.
00:19:32.27\00:19:33.77
And this is what's happening
with all these lottery winners.
00:19:33.84\00:19:35.90
and individuals who
take out Payday loans,
00:19:35.94\00:19:38.14
who don't budget responsibly.
00:19:38.17\00:19:40.28
And individuals are exploiting
them and making sure that again,
00:19:40.31\00:19:43.55
it's expensive to be very poor.
00:19:43.58\00:19:45.35
And it keeps you
in that place. Right.
00:19:45.38\00:19:48.92
Because you can't...
You're trying to do the
00:19:48.95\00:19:51.32
get rich quick thing. Exactly.
00:19:51.35\00:19:53.05
But you can't get
past a certain place.
00:19:53.12\00:19:56.86
And so you just stop.
00:19:56.93\00:19:58.39
You feel stuck. And this
is in no way condemning you.
00:19:58.43\00:20:03.63
This is really, this program is
to offer you a way out. It is.
00:20:03.67\00:20:07.40
To give you the tools to get
out from under the exploiters...
00:20:07.44\00:20:11.91
Right, exactly... the predators.
00:20:11.94\00:20:14.08
I mean people are
making money pimping the poor.
00:20:14.14\00:20:17.51
That's really the bottom line.
00:20:17.55\00:20:20.08
I have a little exam for you.
00:20:20.12\00:20:23.25
Okay. Okay? Oh my goodness!
00:20:23.28\00:20:25.25
So this is the exam. Alright.
00:20:25.29\00:20:26.62
And so my name is now...
00:20:26.65\00:20:28.46
And we haven't
prepared for this, right?
00:20:28.49\00:20:30.39
Just so they know. No, I, I no.
00:20:30.43\00:20:31.86
And they will see
I haven't prepared.
00:20:31.89\00:20:34.13
We haven't
prepared for this exam.
00:20:34.20\00:20:35.70
We haven't tested anything.
00:20:35.73\00:20:37.63
You don't know what I'm
about to ask you at all? No.
00:20:37.67\00:20:40.30
Okay. So now, my name
is no longer Ryan Mack.
00:20:40.37\00:20:43.04
My name is Ryan
Mr. Conman, okay? Okay.
00:20:43.07\00:20:45.94
So my name is Mr.
Conman, and I want to sell you
00:20:45.97\00:20:49.78
some life insurance. Okay.
00:20:49.81\00:20:51.88
So you're in my office, okay?
00:20:51.91\00:20:54.55
So I'm going to ask
you some questions. Okay.
00:20:54.58\00:20:56.48
So just answer
them honestly. Okay.
00:20:56.52\00:21:00.19
Is it important for you to leave
a legacy for your family? Yes.
00:21:00.26\00:21:05.96
Okay. She said yes to that.
00:21:05.99\00:21:08.13
If you could leave a
million dollars to your family,
00:21:08.16\00:21:15.17
would that be a
good thing? Yeah!
00:21:15.20\00:21:18.27
Okay, that would be a
great thing. Yeah, it would.
00:21:18.31\00:21:20.14
Okay. Do you think that it
would be wise to make sure that
00:21:20.18\00:21:27.82
you're educated about all the
ways to be able to leave money
00:21:27.85\00:21:32.39
to your family. Oh yeah!
00:21:32.42\00:21:34.29
That would be yes,
right. Umhum. Okay.
00:21:34.32\00:21:36.29
So now we're in my office, I
have this life insurance policy
00:21:36.32\00:21:39.69
and in this life insurance
policy, I want you to sign it,
00:21:41.53\00:21:43.80
and I want you to get a million
dollars' worth of life insurance
00:21:43.83\00:21:47.00
coverage. Can
you sign it for me?
00:21:47.07\00:21:50.54
Now, are you
asking me? I'm asking you.
00:21:50.57\00:21:54.44
I can't sign it
unless I read it.
00:21:54.48\00:21:56.38
Ok, so let's say you
read it. It's a good question.
00:21:56.41\00:21:58.88
Ok, so you passed
the first test. Um hum.
00:21:58.91\00:22:01.05
So now you've read it and
you've seen, it all checks out
00:22:01.08\00:22:05.82
I have the highest
rating of any insurance agency
00:22:05.92\00:22:08.36
in the world. Hmm! And
I'm the best insurance company
00:22:08.39\00:22:11.43
in the whole wide world.
00:22:11.46\00:22:12.79
And you see it and you say,
ok now, and it all checks out
00:22:12.83\00:22:16.16
If you pass away, all your
family gets a million dollars.
00:22:16.20\00:22:21.74
Ok. Do you sign it now?
00:22:21.77\00:22:24.27
Okay. NO. No, okay.
00:22:24.31\00:22:31.05
So, are you
worried about the cost?
00:22:31.08\00:22:33.11
Well, how much is
it going to cost? Okay.
00:22:33.15\00:22:36.75
Like what...And then to
just... to sign it right then?
00:22:36.79\00:22:42.69
Um hum. Oh, I
need to think about it.
00:22:42.72\00:22:45.33
Good answer. Well
you just passed the test.
00:22:45.36\00:22:47.36
I did. Okay.
Just passed the test.
00:22:47.40\00:22:48.96
Good. Cause the thing is this,
the questions that I asked you,
00:22:49.00\00:22:52.43
and I did this for a reason.
Check cashing, cash advances,
00:22:52.47\00:22:56.74
title loans, payday
loans, rent a rim, rent to own,
00:22:56.77\00:22:59.31
rent a weave stores.
00:22:59.34\00:23:00.78
All these are financial
predators that we know about
00:23:00.81\00:23:02.64
but there are many individuals
within various industries
00:23:02.68\00:23:05.28
that are totally good
industries, insurance,
00:23:05.31\00:23:07.75
real estate, but because
they are intent is wrong,
00:23:07.78\00:23:10.79
they could also
be predators as well.
00:23:10.82\00:23:12.39
Mmm. So what I just asked you
was just something I hope that
00:23:12.42\00:23:15.62
we individuals have learned.
00:23:15.66\00:23:17.03
My job is to get
you to just say yes.
00:23:17.06\00:23:19.36
Yeah. All of the
questions were yes questions.
00:23:19.39\00:23:23.16
Yes questions. And now
I want you to be very...
00:23:23.20\00:23:24.97
and so if you said...if
you asked me about the costs,
00:23:25.00\00:23:27.60
my response is,
"does it matter"?
00:23:27.64\00:23:29.80
Can you leave a price on leaving
a legacy for your family?
00:23:29.84\00:23:32.47
So it's always...these
are tricks and ploys,
00:23:32.51\00:23:35.98
that I just hope the viewers
out there become familiar with.
00:23:36.01\00:23:39.18
Right. Because what
you said was perfect.
00:23:39.21\00:23:41.18
I need some time to go
home and think about it.
00:23:41.22\00:23:43.95
I need some time to
go and read this over.
00:23:43.99\00:23:46.42
That's the way we
are supposed to respond.
00:23:46.45\00:23:48.52
I mean, there are certain
things you are never supposed
00:23:48.56\00:23:50.03
to be afraid to say.
00:23:50.09\00:23:51.43
I need some help. I
was wrong. I apologize.
00:23:51.46\00:23:54.13
I mean all of these are
things we should never even...
00:23:54.20\00:23:56.60
and I need some time to ponder
this over, so before you sign
00:23:56.63\00:23:59.50
anything, before any of
these predators...take some time
00:23:59.53\00:24:02.30
and go over...ponder these
over and get some guidance,
00:24:02.34\00:24:05.44
what the Word says from
counselors and we will be fine.
00:24:05.47\00:24:08.61
This is some rich
stuff, I am glad that I kind of
00:24:08.64\00:24:12.95
passed the test too. Absolutely.
00:24:12.98\00:24:14.48
I know you have a
serious take away for us today.
00:24:14.52\00:24:16.89
Let's go to it. Right.
00:24:16.92\00:24:18.25
Humbly, I would like to
speak to those who are poor.
00:24:24.76\00:24:29.00
There are many plagues
within poverty, but five of them
00:24:29.03\00:24:32.77
I have often
encountered in my work are:
00:24:32.80\00:24:35.30
Guilt, Shame, Worrying,
Fear, and Low Self Esteem.
00:24:35.34\00:24:40.84
Let's talk about
guilt. Romans 8:1 says:
00:24:40.88\00:24:44.88
"There is therefore now,
no condemnation for those
00:24:44.91\00:24:47.98
who are in Christ
Jesus". If you are in Christ,
00:24:48.02\00:24:51.42
whatever happened in
the past, is the past.
00:24:51.45\00:24:54.56
I need you to eliminate
all worry about who you were,
00:24:54.59\00:24:58.09
what mistakes you may have
made and any important decisions
00:24:58.13\00:25:01.96
you have made to get
to where you are today.
00:25:02.00\00:25:04.30
Remove this yoke of
guilt from around your neck
00:25:04.33\00:25:07.44
and feel free to embrace
the greatness God has put
00:25:07.47\00:25:10.21
within you, starting right now.
00:25:10.24\00:25:12.57
Let's talk about
shame. Palm 34:45 says:
00:25:12.61\00:25:17.85
"Those who look to Him are
radiant, and their faces shall
00:25:17.88\00:25:21.62
never be ashamed."
00:25:21.65\00:25:23.12
If you are following
Jesus Christ, you have no reason
00:25:23.15\00:25:26.52
to be ashamed.
00:25:26.55\00:25:27.89
There are many who
share your circumstances,
00:25:27.92\00:25:30.23
and some even worse, the only
time you have permission to feel
00:25:30.26\00:25:34.20
ashamed is if you lose all
hope, and stop trying to improve
00:25:34.20\00:25:38.30
your current situation, only
quitters should feel ashamed,
00:25:38.33\00:25:42.07
and in Jesus Christ,
there is no need for quitting.
00:25:42.10\00:25:44.61
Quitting is the
epitome of selfishness because
00:25:44.64\00:25:46.88
you are not only
robbing yourself of success,
00:25:46.94\00:25:49.08
but you are robbing others
of the blessings you will be
00:25:49.11\00:25:51.61
able to generate through
Christ, through hard work
00:25:51.65\00:25:54.12
and persistence.
00:25:54.18\00:25:55.52
Let's talk about
worrying. I Peter 5:7 says:
00:25:55.55\00:26:00.99
"Cast all of your anxieties on
Him, because He cares for you."
00:26:01.02\00:26:04.26
Although it can be hard
to stop worrying, I'll admit,
00:26:04.29\00:26:07.46
understanding that
worrying results in no tangible
00:26:07.50\00:26:11.20
forward momentum.
00:26:11.23\00:26:12.57
Worrying is only
successful at causing ulcers.
00:26:12.60\00:26:15.94
Take your worries to the
Lord and leave them right there.
00:26:15.97\00:26:19.91
Now let's talk about
fear. II Timothy 1:7 said:
00:26:19.94\00:26:24.95
"For God gave a Spirit not
of fear, but of power and love
00:26:24.98\00:26:29.12
and self-control."
00:26:29.15\00:26:31.32
Exchange this dose of fear
for a double dose of faith.
00:26:31.35\00:26:35.72
Fear only inhibits your
ability to be productive.
00:26:35.76\00:26:39.06
With fear, you will find
that you are continuously
00:26:39.09\00:26:42.50
taking yourself out of
performing viable solutions
00:26:42.53\00:26:45.20
for your situation
because of fear of failure.
00:26:45.23\00:26:47.50
Faith in God enables you
to put forth maximum effort
00:26:47.54\00:26:51.51
in any tough situation.
00:26:51.54\00:26:53.14
Let's talk about low
self esteem. Psalm 20:8 says:
00:26:53.17\00:26:58.85
"They collapse and fall, but
we, we rise and stand upright."
00:26:58.88\00:27:03.55
Philippines 4:13 says: "I
can do all things through Christ
00:27:03.62\00:27:08.52
who strengthens me."
00:27:08.56\00:27:10.06
Your self-esteem may be
low, but your God esteem,
00:27:10.09\00:27:13.96
that should always be high.
00:27:14.00\00:27:15.80
Check your pulse right
now. Do you feel something?
00:27:15.83\00:27:20.67
If you still feel a
pulse, you still have a purpose
00:27:20.74\00:27:25.41
on this world. The world needs
you to fulfill that purpose.
00:27:25.44\00:27:30.05
It doesn't matter what
your bank account says,
00:27:30.08\00:27:32.45
you have been
crowned in God's favor.
00:27:32.48\00:27:34.75
It may feel like
society has cast you aside,
00:27:34.78\00:27:38.02
but the Lord our
God, will never leave you
00:27:38.05\00:27:41.22
nor forsake you.
00:27:41.26\00:27:42.59
This is the day the
Lord has made for you,
00:27:42.62\00:27:45.29
so I dare you to be
as great as the dreams
00:27:45.33\00:27:48.20
that God has given you.
00:27:48.23\00:27:49.80
As always, if Dollars
and Sense can help you,
00:27:49.86\00:27:53.10
please email me at:
dollarsandsense@3abn.org
00:27:53.13\00:27:56.40
or have a chat with us
on the Dare 2 Dream Network
00:27:56.44\00:27:59.44
Facebook page.
00:27:59.47\00:28:00.91
Until next time, be
the change you want to see
00:28:00.94\00:28:03.18
and remember the purpose
of life, is a life of purpose.
00:28:03.21\00:28:06.15
Be Blessed!
00:28:06.18\00:28:07.55