On Take It To The Bank,
00:00:01.36\00:00:02.70
you will find ways
to get out of debt...
00:00:02.73\00:00:09.40
solve your credit card problems,
00:00:09.44\00:00:14.54
how to make and
stick with a budget...
00:00:14.58\00:00:19.75
simple ways to save...
00:00:19.78\00:00:24.69
buying or selling a home
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and many more financial
matters on Take It To The Bank.
00:00:26.86\00:00:31.33
Hi, my name is Cordell Thomas
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and welcome to
Take It To The Bank.
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We're glad that you're here
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and I'm glad that you're
looking in another program
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that we have for you.
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This is an exciting program.
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This whole
series is gonna exciting
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because it's led by you.
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I received several
emails and in context
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of your Facebook
about the program
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and there were
some very good feedback
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and some of them
actually provided me
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ideas of the
direction we could take
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with this specific program.
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So here's what
we're going to do.
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I would like to start
out with a Bible verse.
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If you look in
your Bibles, Hebrews 12.
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Hebrews 12:1 says, "Therefore,
since we are surrounded
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by so great a
cloud of witnesses,
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let us lay aside every weight,
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and sin which
cling so easily to us,
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and let us run with endurance,
the race that is set before us,
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looking to Jesus,
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the founder and
perfecter of our faith,
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who for the joy
that was set before Him
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endured the cross,
despising the shame,
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and is seated at the right
hand of the throne of God."
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I think it's a
very intriguing verse
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because it tells us that
we have a group of witnesses,
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not in this world,
but they are watching
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and rooting for us and asking us
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or hoping that we
can be successful.
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And some of these things
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that God would like
us to be successful.
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In this specifically is finance.
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And one of the context
I was driven to was, was--
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A short story
that I'll tell you.
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I was taking care
of some dry cleaning
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before I came out to this
area and, and the dry cleaning
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of course, is making
sure everything is in place.
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I was missing a
couple of buttons on a suit,
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I was missing a couple of things
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and some of the
things need to be repaired.
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And, and as I took them in,
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I talked to the
owner of the drycleaner
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and I said I need a
button sewn on here.
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He said no problem. He
put a little safety pin there.
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And I asked him to take
care of the dry cleaning
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in a specific way.
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Not a problem at all.
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As I was leaving I
said, "So, what is the cost?"
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As he filled out
my little receipt,
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and he said the cost is $16.
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I said $16 for the
suit, the four pieces,
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as well as the buttons.
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And he said sure.
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And of course, I will add on,
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I will sew on one
of the buttons for you.
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No, problem.
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So I left and I came back
to pick up the dry cleaning.
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Now it's interesting
because he wasn't there.
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And someone else delivered
the dry cleaning to me.
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But when it was delivered,
the buttons weren't there,
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it wasn't sewn on
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and I was still charged the $16.
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And then when I asked
about the dry cleaning,
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the young lady that provided
the dry cleaning bag said,
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oh, that will be extra.
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No, I said but, he
didn't say it was extra.
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It was a part of the
total cost of dry cleaning.
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So it should be just $16.
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Oh, no, I'll have to charge you
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two extra
dollars for two buttons
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and they still
didn't sew it on the suit.
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I was so irritated.
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I couldn't believe
that in an era right now,
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we're down economy
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and you need every kind
of client that you can get,
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that they are willing
to lose a client over $2.
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Yes, I was upset. It
was an irritant to me.
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It's something that I
shouldn't have to go through
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when I'm giving
them my hard earned cash
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$2 extra for a couple of buttons
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that I could have bought
for 50 cents somewhere else.
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And that's where I
am going to come from.
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That was a minor
stressor in my life.
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And that is what you
all came back to me about.
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What, what can
happen if financial issues
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become a major
concern in your life,
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if you are not in
control of your finances?
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A lot can happen. Stress.
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So we're gonna take our
time over the next few programs
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and talk a little about stress
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and what stress has
to do with finances.
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Did you know
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that there was a study
done by Holmes and Rahe,
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University of
Washington in 1967.
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And they came up with--
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at that time a
total of 55 stressors,
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55 stressors
that can be associated
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with outside
activities in your life,
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things that are associated
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with external
circumstances in your life.
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They said that
stress is the reason
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for 2/3rds of the total
visits to the physician, 2/3rds.
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It's also the leading cause
of coronary artery disease,
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cancer, accidents,
respiratory diseases
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besides many others.
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Stress aggravates
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the following type of illnesses,
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hypertension,
insomnia, diabetes,
00:05:06.23\00:05:10.14
Herpes, multiple
sclerosis etcetera,
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besides, stress that continues
for a long periods of time
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can lead to poor concentration,
irritability, anger
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and poor
management or poor judgment.
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Stress leads to
marriage breakups.
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We're gonna touch on some
of that a little later on.
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Family fights, road
rage, suicides and violence.
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What are the biggest causes
of present day stress today?
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We're gonna lay
that out for you.
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I'm gonna give you the
top five causes of stress
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in our lives today.
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The number five cause
for stress in our lives
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are irritants in our
daily life, irritants.
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Number four on
the list is health,
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medical
concerns, long term care.
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Number three on the list
is personal relationships.
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Number two is workplace stress
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and number one
reason for stress in life
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is financial
problems, financial problems.
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When you take a look
at financial literacy,
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and what we're all dealing with,
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from the
context of understanding
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and communicating
our personal finance,
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financial concerns, it
provides us an opportunity
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to address how finance
is impacting our daily life
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and how it's stressing us out.
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We're all being stressed.
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I told you a story about myself.
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I go into a dry cleaner
and the stress involved there.
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A small stress.
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It's a $2 overcharge,
but yet, it's the fairness
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that should have
been there for them
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in treating a client as a client
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and following
through on their word.
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But we're all
dealing with stress.
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All you have to do
is go to your mailbox
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or talk to different individuals
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about the different
things that are going on.
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We have to watch
ourselves on the internet.
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There's insurance fraud
that is going on right now.
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The insurance
industry is a big industry.
00:07:04.49\00:07:07.06
They are close
to 7,000 companies
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collecting over
one trillion dollars
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in premiums of
the course of a year,
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one trillion dollars.
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And I guess, you now know
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the context of a
trillion dollars.
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One dollar being
paid out every second
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over the course of 31,000
years and gives you an idea
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of how much money and
what size this industry is.
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Insurance also has
to deal with fraud.
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There is approximately
$80 billion in fraud,
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non-health based
insurance being estimated
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at approximately
$80 billon per year.
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80 billion, we have
to concern ourselves
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with mass marketing fraud.
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We have to concern
ourselves with identity theft.
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Everything in our daily
lives is stressing us out.
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What we put on the internet
is no loner our information,
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it's out there
permanently and it's gone.
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We have major web portals
right now that are telling us
00:07:56.37\00:08:01.14
that the information
you put on that can be used
00:08:01.18\00:08:03.65
and sold as a profit
to that organization.
00:08:03.68\00:08:06.61
And some of them,
00:08:06.65\00:08:07.98
even if you delete your account,
00:08:08.02\00:08:10.59
your information remains.
00:08:10.62\00:08:12.25
It causes you stress
to understand the images.
00:08:12.29\00:08:15.06
And personal
information can be used
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and shared to
develop profiles about you,
00:08:17.56\00:08:20.26
so that people
can mass market to you
00:08:20.30\00:08:22.86
on a more strategic basis.
00:08:22.90\00:08:25.00
So you take a look at
being financially literate.
00:08:25.03\00:08:26.94
It has a whole host of issues,
00:08:26.97\00:08:29.74
a whole host of
relevant concerns
00:08:29.77\00:08:31.94
that we need to
address on a personal basis.
00:08:31.97\00:08:34.81
When you look at what's going on
00:08:34.84\00:08:36.85
from the government standpoint
of a very specific debt,
00:08:36.88\00:08:40.35
you understand why we
should address this concern.
00:08:40.38\00:08:43.95
There's some
statistics out there
00:08:43.99\00:08:45.32
that U.S. National debt
00:08:45.35\00:08:46.89
rises in average of
$3.8 billion per day.
00:08:46.92\00:08:50.93
The U.S. Government borrows
00:08:50.96\00:08:53.40
approximately $5
billion on every business day.
00:08:53.43\00:08:57.93
Our current debt limit
00:08:57.97\00:08:59.30
or debt ceiling
is at $15.3 trillion.
00:08:59.33\00:09:02.97
$15.3 trillion
00:09:03.00\00:09:05.07
can equate to
approximately $50, 000 per man,
00:09:05.11\00:09:08.08
woman, and child
in the United States
00:09:08.11\00:09:10.08
or approximately $135,000
per tax paying individual.
00:09:10.11\00:09:14.38
That's a lot of money and
you understand that our nation,
00:09:14.42\00:09:18.75
as well as the globe
is dealing with economic
00:09:18.79\00:09:21.06
and financial issues.
00:09:21.09\00:09:22.42
You hear about crisis
in different countries.
00:09:22.46\00:09:24.53
You hear about small countries
that are unable to even keep up
00:09:24.56\00:09:29.06
with the interest
payment on their debts.
00:09:29.10\00:09:31.47
And you begin to understand
00:09:31.50\00:09:32.83
what type of
setting is happening
00:09:32.87\00:09:35.40
in and around the globe.
00:09:35.44\00:09:38.47
And then you begin to
talk about personal finance
00:09:38.51\00:09:41.44
and that is a reason why
we're discussing this issue.
00:09:41.48\00:09:44.18
We are in a race.
00:09:44.21\00:09:45.55
We're in a race
for the long haul.
00:09:45.58\00:09:47.95
And we have to understand
that this race has to do
00:09:47.98\00:09:52.12
with understanding how we
fit in the scheme of things.
00:09:52.15\00:09:56.02
And as Christians we
understand that this race--
00:09:56.06\00:09:58.56
As we've talked
about in Hebrews 12,
00:09:58.59\00:10:00.30
also has a lot to do
with another verse in Luke 12.
00:10:00.33\00:10:04.63
Luke 12:15 talks about,
00:10:04.67\00:10:06.70
"Take care and
guard against greed,
00:10:06.74\00:10:10.17
because life does not
consists in the abundance
00:10:10.21\00:10:14.28
of what one person possesses."
00:10:14.31\00:10:16.91
So it's not
about what you possess,
00:10:16.95\00:10:18.28
it's what you do with it,
00:10:18.31\00:10:19.65
because the story
about the rich young man
00:10:19.68\00:10:22.52
and how he dealt with all
of his asserts that he had
00:10:22.55\00:10:26.42
and God held him accountable.
00:10:26.45\00:10:28.16
And that's the same thing
that we should be thinking about
00:10:28.19\00:10:31.09
as we look at what
God has blessed us with.
00:10:31.13\00:10:33.80
However much or
however little we have,
00:10:33.83\00:10:36.87
we have to use it in a
way that God can bless us.
00:10:36.90\00:10:43.10
And so we look at
a variety of things
00:10:43.14\00:10:45.71
and how we can
alleviate some of that stress
00:10:45.74\00:10:48.04
and we can get those
specific issues very soon.
00:10:48.08\00:10:52.15
Now, I took some
time to ask people
00:10:52.18\00:10:55.78
in Venice Beach, California,
about this issue called stress.
00:10:55.82\00:11:00.59
I'd like to take you to my intro
00:11:00.62\00:11:01.96
and show you Venice Beach
and what several questions
00:11:01.99\00:11:06.90
we're planning to
discuss with these individuals
00:11:06.93\00:11:10.00
Hey, y'all, this
is Cordell Thomas.
00:11:11.43\00:11:12.93
I'm here at
Venice Beach, California.
00:11:12.97\00:11:14.67
It's a wonderful place to be,
00:11:14.70\00:11:16.27
where you would think
that most people are relaxed.
00:11:16.30\00:11:18.61
You know, those individuals here
00:11:18.64\00:11:19.97
walk in up and down the stretch.
00:11:20.01\00:11:21.38
As I'm looking up and down
and looking out at the beach,
00:11:21.41\00:11:23.81
the wonderful blue water
00:11:23.85\00:11:25.45
and you think that most
people are in great shape,
00:11:25.48\00:11:28.55
crisis aren't happening,
stress, life is stress free,
00:11:28.58\00:11:31.62
but that's not
necessarily the case.
00:11:31.65\00:11:33.25
When you take a look
00:11:33.29\00:11:34.62
at the big picture
of United States debt
00:11:34.66\00:11:37.83
or deficit this past year,
in 2012 was $1.33 trillion,
00:11:37.86\00:11:42.76
one trillion dollars.
00:11:42.80\00:11:44.13
Do you have a concept
of what one trillion is?
00:11:44.17\00:11:46.43
Well, here's one
way of figuring it out.
00:11:46.47\00:11:48.64
If you spent a dollar a second,
00:11:48.67\00:11:50.44
you could spend a
million dollars in 12 days.
00:11:50.47\00:11:53.07
You would spend a
billion dollars in 31 years.
00:11:53.11\00:11:56.48
You would spend
one trillion dollars
00:11:56.51\00:11:58.15
in 31,000 years.
00:11:58.18\00:11:59.91
That is the key
00:11:59.95\00:12:01.28
to understanding the
volume of one trillion.
00:12:01.32\00:12:03.02
Yet, the United States
debt, United States deficit
00:12:03.05\00:12:06.65
at this point in time,
in 2012 is $1.33 trillion.
00:12:06.69\00:12:11.16
And that puts you a perceptive
00:12:11.19\00:12:13.29
on what's going on a national
perceptive of national debt.
00:12:13.33\00:12:17.60
Bring it down to
the family level,
00:12:17.63\00:12:18.97
and you begin to understand
00:12:19.00\00:12:20.34
that there's a lot
of things going on.
00:12:20.37\00:12:22.10
This year with
Take It To The Bank,
00:12:22.14\00:12:25.04
we'll be talking about
a variety of issues that,
00:12:25.07\00:12:27.18
that delve into the top causes
of stress in people's lives.
00:12:27.21\00:12:31.91
We'll also talk
about the top causes
00:12:31.95\00:12:34.15
of financial problems
00:12:34.18\00:12:35.52
and we're going to be
delving into those issues.
00:12:35.55\00:12:37.12
We are now at Venice
Beach and we're gonna talk
00:12:37.15\00:12:40.49
to a variety of
people today about stress.
00:12:40.52\00:12:42.76
What is stress? How
do you deal with stress?
00:12:42.79\00:12:45.23
Who do you go to for advice
00:12:45.26\00:12:47.10
when you are in those
kinds of stressful situation?
00:12:47.13\00:12:49.60
And we like to develop
00:12:49.63\00:12:50.97
a top ten list of
stress causers in our life.
00:12:51.00\00:12:55.27
As we talk through those issues,
00:12:55.30\00:12:56.77
we'll begin to
explain and answer questions
00:12:56.81\00:12:59.74
over this next
quarter of sessions
00:12:59.77\00:13:02.54
with Take It To The Bank.
00:13:02.58\00:13:04.01
So we are here.
00:13:04.05\00:13:05.38
We're gonna be
talking to few people.
00:13:05.41\00:13:06.75
I hope you will
enjoy this series
00:13:06.78\00:13:08.12
and enjoy this segment.
00:13:08.15\00:13:09.48
How you doing?
00:13:12.65\00:13:13.99
I'm doing great, my friend.
00:13:14.02\00:13:15.36
Thanks for helping
us out. No problem.
00:13:15.39\00:13:16.73
What would you consider
00:13:16.76\00:13:18.09
the biggest stress
in your life right now?
00:13:18.13\00:13:19.46
Probably the
biggest stress in my life
00:13:19.49\00:13:20.83
will be work most likely.
00:13:20.86\00:13:22.56
Okay.
00:13:22.60\00:13:23.93
And dealing
with all the nonsense
00:13:23.97\00:13:25.30
and I work with
family, so that's kind of--
00:13:25.33\00:13:28.60
Well, you already
how that could be?
00:13:28.64\00:13:30.21
I understand that clearly.
00:13:30.24\00:13:31.57
Catherine, what
would you consider
00:13:33.51\00:13:34.84
the biggest stress
in your life and why?
00:13:34.88\00:13:37.55
I would like to say the
biggest stress in my life
00:13:37.58\00:13:39.38
would be my job.
00:13:39.41\00:13:41.68
Mainly the economy is,
you know, it's still been bad
00:13:41.72\00:13:45.39
and continue to
have more and more work,
00:13:45.42\00:13:48.26
especially as companies cut down
00:13:48.29\00:13:49.79
and things are continuing
to try and progress, so.
00:13:49.82\00:13:52.83
What would you consider
the biggest stress in your life
00:13:55.86\00:13:57.67
right now and why?
00:13:57.70\00:13:59.03
Financial, because I
don't have enough of it.
00:13:59.07\00:14:01.94
Really? Yeah.
00:14:01.97\00:14:05.04
What you consider
the biggest stress
00:14:05.07\00:14:06.41
in your life and why?
00:14:06.44\00:14:07.78
One of the biggest
stresses in my life
00:14:07.81\00:14:09.14
I say is money right now
00:14:09.18\00:14:10.51
because there's a
lot of great depression
00:14:10.55\00:14:11.88
and stuff like that is going on.
00:14:11.91\00:14:13.45
So money is a
big issue in my life.
00:14:13.48\00:14:15.62
All right.
00:14:15.65\00:14:17.85
Next question would
be, what would you consider
00:14:17.89\00:14:19.75
the biggest stress
in your life and why?
00:14:19.79\00:14:22.19
My mom, because she
stresses everything I do.
00:14:22.22\00:14:25.43
And she stresses
that shouldn't be stressed
00:14:25.46\00:14:29.60
and I don't like to be stressed.
00:14:29.63\00:14:30.97
Oh, yeah. Yeah,
yeah, yeah, that's bad.
00:14:31.00\00:14:34.44
First question to you
is, what would you consider
00:14:34.47\00:14:36.20
the biggest stress
in your life and why?
00:14:36.24\00:14:38.57
The biggest stress in
my life today will be,
00:14:38.61\00:14:41.51
maybe a financial situations
that I went through a family,
00:14:41.54\00:14:45.41
me raising two kids,
being young, married guy,
00:14:45.45\00:14:48.42
you know, in the society.
00:14:48.45\00:14:50.15
So that will be a stress.
00:14:50.19\00:14:53.56
What would you
consider the biggest stress
00:14:53.59\00:14:55.19
in your life today?
00:14:55.22\00:14:56.56
I think money will
be the biggest stress.
00:14:56.59\00:14:59.49
Why? Because you need money.
00:14:59.53\00:15:01.16
I mean, people say
money is not everything,
00:15:01.20\00:15:02.90
but it is everything.
00:15:02.93\00:15:04.27
You need to move
around and stuff so--
00:15:04.30\00:15:06.57
Okay.
00:15:06.60\00:15:08.60
Well, Linda, what
would you consider
00:15:08.64\00:15:10.21
the biggest stress in your life?
00:15:10.24\00:15:12.37
My daughters.
00:15:12.41\00:15:14.61
Why?
00:15:14.64\00:15:17.11
I don't know. My
daughters-- Because I care.
00:15:17.15\00:15:18.91
Because you care.
00:15:19.01\00:15:20.35
If I didn't care
I wouldn't stress.
00:15:20.38\00:15:21.72
Exactly.
00:15:21.75\00:15:24.29
Stress, a major part
of life. And guess what?
00:15:24.32\00:15:27.49
You guys cause
me a little stress
00:15:27.52\00:15:29.12
because you respond sometimes
to several of the programs
00:15:29.16\00:15:32.39
that we have placed on 3ABN.
00:15:32.43\00:15:35.03
It's quite interesting
some of things you said.
00:15:35.06\00:15:36.83
One of the comments was--
00:15:36.87\00:15:38.47
"Cordell, you look like you're
having too much fun up there.
00:15:38.50\00:15:41.30
It doesn't look
like you're serious."
00:15:41.34\00:15:43.47
Take me seriously.
00:15:43.51\00:15:47.21
This thing is more serious
than you would ever think it is.
00:15:47.24\00:15:49.21
Debt is causing a lot
of death, destruction,
00:15:49.24\00:15:51.68
and taking families apart
00:15:51.71\00:15:53.38
because people are not in
control of their finances.
00:15:53.42\00:15:56.12
Remember, when we talked about,
00:15:56.15\00:15:57.49
when we said about
being financially literate.
00:15:57.52\00:15:59.09
Being financially
literate says that I know
00:15:59.12\00:16:01.72
where are my
revenue is coming from.
00:16:01.76\00:16:03.49
Where are my pay check?
Where are my money is coming?
00:16:03.53\00:16:05.89
I know where my expenses
are. I have developed a budget.
00:16:05.93\00:16:08.80
I know exactly what I need to do
00:16:08.83\00:16:10.77
for future expenditures
that I'm not aware of,
00:16:10.80\00:16:13.54
such as
emergencies that come up.
00:16:13.57\00:16:15.60
Those emergencies can be
as simple as a home fixture
00:16:15.64\00:16:19.47
that goes bad or a
broken water heater,
00:16:19.51\00:16:22.11
to as much as a
major medical bill
00:16:22.14\00:16:24.38
or even an
emergency such as a job loss.
00:16:24.41\00:16:27.88
Many of these
things can come in to take,
00:16:27.92\00:16:30.99
take a lot out of
you and out of your funds
00:16:31.02\00:16:34.46
if you are not careful.
00:16:34.49\00:16:36.26
Many people are looking
to get access to your money.
00:16:36.29\00:16:38.96
I'm getting calls
at this point in time
00:16:38.99\00:16:41.20
because I actually took it
upon myself to invite my wife
00:16:41.23\00:16:44.53
to go to one of
these Timeshare things,
00:16:44.57\00:16:47.80
where you go and sit
for 45 minutes to an hour,
00:16:47.84\00:16:50.47
turns out to be
an hour and a half.
00:16:50.51\00:16:52.37
And then afterwards,
00:16:52.41\00:16:53.74
they try to hard
sell you on something
00:16:53.78\00:16:55.18
you don't really
necessarily that you don't need.
00:16:55.21\00:16:58.55
And then of course,
they offer you this,
00:16:58.58\00:17:01.05
this enticement with a trip.
00:17:01.08\00:17:03.25
I tried it one time.
And guess what happened?
00:17:03.28\00:17:06.45
That trip actually
ended up costing more
00:17:06.49\00:17:09.56
because it really wasn't free.
00:17:09.59\00:17:10.93
You had to pay
for certain items.
00:17:10.96\00:17:12.29
You had to pay for a
couple of other things
00:17:12.33\00:17:13.86
and that could be considered
fraud in certain areas.
00:17:13.90\00:17:17.10
We took much care
in understanding now,
00:17:17.13\00:17:19.90
that when people call
us, we don't answer them,
00:17:19.93\00:17:22.64
we don't take them seriously
00:17:22.67\00:17:24.57
unless we do our own due
diligence on our research.
00:17:24.61\00:17:27.91
It's important that you do it
and I take this very seriously
00:17:27.94\00:17:30.95
because many lives
are being changed--
00:17:30.98\00:17:33.52
We are not taking
for, taking seriously
00:17:33.55\00:17:37.65
the impact that
debt has on our lives
00:17:37.69\00:17:40.49
and we are looking at stress.
00:17:40.52\00:17:41.86
What was the
top cause of stress?
00:17:41.89\00:17:43.53
As we saw in
some of our takes on,
00:17:43.56\00:17:45.86
in Venice Beach, many of
them mirrored the statistics
00:17:45.89\00:17:50.17
which said the number one
cause of stress is finances.
00:17:50.20\00:17:53.94
Personal relationships
is on number three.
00:17:53.97\00:17:56.27
And then work
related stress is number two.
00:17:56.30\00:17:59.17
So, yes, I am having fun.
00:17:59.21\00:18:01.34
I have the sense
of peace in my heart
00:18:01.38\00:18:04.15
and I always try to
have a smile on my face.
00:18:04.18\00:18:06.48
Really, is it all that
serious? But, yes, it is.
00:18:06.51\00:18:08.75
And I'm trying to convey that.
00:18:08.78\00:18:10.12
So the comment
was very well taken.
00:18:10.15\00:18:12.42
That I don't want you to
think that I'm sitting here
00:18:12.45\00:18:14.79
having a lot of fun, making
light of this serious issue.
00:18:14.82\00:18:18.73
But my countenance
is this. I'm at peace.
00:18:18.76\00:18:21.63
My life is not as
stressful as most.
00:18:21.66\00:18:24.13
I try to take
the Sabbath day off
00:18:24.17\00:18:26.43
and relax from all my
duties and forget about debt
00:18:26.47\00:18:29.70
and management and finances.
00:18:29.74\00:18:31.34
And I think you should too,
00:18:31.37\00:18:32.71
in managing
stress and understanding
00:18:32.74\00:18:34.81
how that stress
impacts your life.
00:18:34.84\00:18:37.55
When I was a child,
00:18:37.58\00:18:38.91
I didn't have these
issues of called stress.
00:18:38.95\00:18:41.02
My son doesn't worry
about certain issues,
00:18:41.05\00:18:43.42
but he does see
what his friends get.
00:18:43.45\00:18:46.45
And so I remember
the conversation I had
00:18:46.49\00:18:49.59
when he decided to say,
"Dad, I want to get a bike.
00:18:49.62\00:18:52.76
Can you just put
on your credit card?
00:18:52.79\00:18:54.13
Can you buy it for me?"
00:18:54.16\00:18:55.50
Oh, it'd be easy to
do when buying the gift.
00:18:55.53\00:18:57.33
But in teaching a lesson about
what it means to buy something,
00:18:57.37\00:19:01.47
I gave him the goal of
raising the $70 and 65 cents
00:19:01.50\00:19:05.21
to pay for the bike.
00:19:05.24\00:19:06.98
And he did. He worked hard.
00:19:07.01\00:19:08.74
He worked hard and
he bought the bike.
00:19:08.78\00:19:10.75
I remember that day
00:19:10.78\00:19:12.11
and he walked
proudly out with his bike
00:19:12.15\00:19:13.62
that, that the manufacturer
put together for him.
00:19:13.65\00:19:16.42
And guess what? That
bike is well taken care of.
00:19:16.45\00:19:19.32
It's always clean.
He maintains it well.
00:19:19.35\00:19:22.56
He watches to
who rides his bike.
00:19:22.59\00:19:25.79
And he makes sure
00:19:25.83\00:19:27.16
that everything is
where it needs to be.
00:19:27.20\00:19:29.56
I don't know if he
would have felt the same way
00:19:29.60\00:19:32.47
if we have just bought it,
and there hadn't been any work
00:19:32.50\00:19:36.34
or labor involved
in his acquisition.
00:19:36.37\00:19:39.21
So those are the major things
I would like to convey to you.
00:19:39.24\00:19:41.64
This is a serious issue.
00:19:41.68\00:19:43.71
As we look at debt,
as we look at stress,
00:19:43.75\00:19:48.22
I want you to know
00:19:48.25\00:19:49.58
that this issue takes a
lot of energy out of a family.
00:19:49.62\00:19:54.86
It takes a lot of
energy out of the setting,
00:19:54.89\00:19:57.89
the personal
relationships that we do have.
00:19:57.93\00:19:59.96
And I suggest that you consider
very seriously the needs,
00:20:00.00\00:20:05.33
the wants that you have.
00:20:05.37\00:20:06.90
It takes us back to expenses
and financial literacy 101,
00:20:06.94\00:20:12.11
understanding
where your money goes.
00:20:12.14\00:20:13.91
Understanding where
your money comes from
00:20:13.94\00:20:15.88
and understanding that
there are many things in life
00:20:15.91\00:20:18.55
that want to cause you stress.
00:20:18.58\00:20:20.85
Credit card ID theft, I
showed you several of them.
00:20:20.88\00:20:23.72
But did you
know avoiding holiday
00:20:23.75\00:20:26.96
spending blues is a major issue
00:20:26.99\00:20:29.39
that causes
stress in people's lives?
00:20:29.42\00:20:32.76
I've received this in the mail.
00:20:32.79\00:20:34.66
And this is very interesting,
I didn't even know this.
00:20:34.70\00:20:37.17
But avoid
Christmas heart attacks.
00:20:37.20\00:20:39.87
Avoid Christmas heart
attacks and the statement goes.
00:20:39.90\00:20:43.17
More Americans die
from cardiac arrest
00:20:43.20\00:20:45.97
on Christmas day than
any other day of the year.
00:20:46.01\00:20:49.74
Doctors have long speculated
00:20:49.78\00:20:51.31
on the cause for this
holiday heart syndrome
00:20:51.35\00:20:54.98
attributing it to
everything from cold weather,
00:20:55.02\00:20:58.15
and get this, to
financial and family stress
00:20:58.19\00:21:02.89
to excessive eating
and alcohol consumption.
00:21:02.92\00:21:06.43
You can avoid a
great deal of stress
00:21:06.46\00:21:09.76
if you plan for
those expenditures.
00:21:09.80\00:21:12.13
Plan for what you're
gonna do at Christmas time.
00:21:12.17\00:21:14.14
Plan in January
for your early budget
00:21:14.17\00:21:16.71
and figure out, I've
allocated this amount of money
00:21:16.74\00:21:19.27
to be saved for
expenses around Christmas time
00:21:19.31\00:21:22.71
during the holidays.
00:21:22.74\00:21:24.08
It will save
you a lot of stress.
00:21:24.11\00:21:28.98
Now reasons for
financial problems is threefold.
00:21:29.02\00:21:33.36
I will choose to talk
to him in this manner.
00:21:33.39\00:21:36.79
One of the problems is
00:21:36.83\00:21:38.16
not learning from
your past mistakes,
00:21:38.19\00:21:39.83
repeating the same
thing over and over again,
00:21:39.86\00:21:41.73
by not developing the
budget and adhering to it
00:21:41.76\00:21:44.83
and making sure
it's a part of your life.
00:21:44.87\00:21:47.84
That is number one. So
we repeat the same mistake.
00:21:47.87\00:21:49.84
We go into a store
and we, oh, my goodness,
00:21:49.87\00:21:52.11
I need this right now,
00:21:52.14\00:21:53.48
they are having
a fantastic sale.
00:21:53.51\00:21:54.84
Let me just put
it on the credit card
00:21:54.88\00:21:56.21
and there we go again.
00:21:56.24\00:21:57.58
The cycle starts all over again.
00:21:57.61\00:22:00.32
I think it takes a
certain level of interest
00:22:00.35\00:22:03.69
and concern for your family
and for yourself to avoid this,
00:22:03.72\00:22:08.99
these stressful issues.
00:22:09.02\00:22:10.36
Number two is not understanding
00:22:10.39\00:22:13.33
that I am not
the expert in finance
00:22:13.36\00:22:15.80
and seeking out someone's advice
00:22:15.83\00:22:18.10
on how to handle
these type of issues.
00:22:18.13\00:22:22.70
The other issue surrounding that
00:22:22.74\00:22:24.54
is taking the
advice of non-experts,
00:22:24.57\00:22:26.57
such as friends.
00:22:26.61\00:22:28.98
We go to
friends and you will see
00:22:29.01\00:22:30.85
also in some of the
footage that we took
00:22:30.88\00:22:32.98
that many of the
people are gonna tell you
00:22:33.01\00:22:35.38
that the people like to
seek, from my personal advice,
00:22:35.42\00:22:38.15
is my family or myself.
00:22:38.19\00:22:40.29
I take internalize
and I come to a Zen moment
00:22:40.32\00:22:43.63
where I figure, I
can make my decisions,
00:22:43.66\00:22:46.06
when I've been making the
same mistakes in the past.
00:22:46.09\00:22:48.16
Look, if you want
to get bread baked,
00:22:48.20\00:22:50.67
you don't go to
a building builder
00:22:50.70\00:22:52.57
or someone who builds buildings.
00:22:52.60\00:22:54.10
You go to a
bakery. You go to a baker.
00:22:54.14\00:22:56.57
The same issue about finances.
00:22:56.60\00:22:58.27
If you need expert
help, go to someone
00:22:58.31\00:23:01.18
that knows about
what you're talking about.
00:23:01.21\00:23:04.11
And the third issue is,
00:23:04.15\00:23:05.48
specially to what is
your financial problem.
00:23:05.51\00:23:08.65
Is it taxes? Is it budgeting?
00:23:08.68\00:23:12.09
Are there liabilities
and leans in your life?
00:23:12.12\00:23:14.96
Do you need consultation
00:23:14.99\00:23:16.96
on how to take
care of credit issues?
00:23:16.99\00:23:20.56
Well, figure out
what that expert,
00:23:20.60\00:23:22.56
who that expert is
and go and talk to them.
00:23:22.60\00:23:26.03
It's very important that you do,
00:23:26.07\00:23:28.64
because not seeking
the advice of the experts
00:23:28.67\00:23:31.44
will create a bigger problem
00:23:31.47\00:23:34.78
and exaggerate
the simple problem
00:23:34.81\00:23:36.44
that could have been fixed,
00:23:36.48\00:23:41.88
So we take a look at the
five major causes of stress
00:23:41.92\00:23:48.32
and I mentioned them
earlier in the program.
00:23:48.36\00:23:50.46
Those started out as
Number five, irritant.
00:23:50.49\00:23:54.43
What is an
irritant in your life?
00:23:54.46\00:23:56.83
You know
parent-teacher conferences.
00:23:56.87\00:23:59.20
It could be that
long drive to work.
00:23:59.23\00:24:02.67
It could be as simple
as dry-cleaning issue,
00:24:02.70\00:24:06.17
those things in life that
just happen each and everyday.
00:24:06.21\00:24:10.55
Those are major irritants
00:24:10.58\00:24:12.01
and that is a
number five cause of stress
00:24:12.05\00:24:15.52
that was taken in
the specific poll.
00:24:15.55\00:24:17.95
People don't
realize that stress,
00:24:17.99\00:24:20.46
not only impacts
you as an individual,
00:24:20.49\00:24:22.56
it impacts your whole family.
00:24:22.59\00:24:24.59
There is this
statistics that's out there,
00:24:24.63\00:24:26.73
statistic that's out
there that says that,
00:24:26.76\00:24:29.26
families that have stress,
00:24:29.30\00:24:31.67
have teenagers that have stress.
00:24:31.70\00:24:34.10
And in fact,
teenagers aged 13 to 17
00:24:34.14\00:24:38.21
are 45 percent likely to say
00:24:38.24\00:24:40.31
they have excessive
stress in their lives.
00:24:40.34\00:24:42.38
And the parents, accordingly
00:24:42.41\00:24:44.15
think that the stress
in their children's life
00:24:44.18\00:24:46.61
are not that high.
00:24:46.65\00:24:49.18
These things impact children.
00:24:49.22\00:24:50.59
There are stories
that are out that tell us
00:24:50.62\00:24:53.09
some of the same exact things.
00:24:53.12\00:24:55.56
For example, the grip of
poverty spans generations.
00:24:55.59\00:24:59.89
If we don't fix the problem now
00:24:59.93\00:25:02.03
and give our
children a good example
00:25:02.06\00:25:04.17
of what to do in
certain situations,
00:25:04.20\00:25:08.00
who to go to in
crisis situations,
00:25:08.04\00:25:11.07
and the fact that budgeting
and managing your money well
00:25:11.11\00:25:14.68
will solve a lot of
their future concerns,
00:25:14.71\00:25:18.85
I think that we then can
alleviate a lot of problems,
00:25:18.88\00:25:22.58
not only now in our lives,
we as examples can show them
00:25:22.62\00:25:26.05
what to do and how to do it
00:25:26.09\00:25:27.66
and take care of a
lot of those concerns.
00:25:27.69\00:25:29.32
That was number five,
irritants in you life,
00:25:29.36\00:25:31.53
those little things
that happen on a daily basis.
00:25:31.56\00:25:34.23
And then we go to number four
00:25:34.26\00:25:35.60
which is health, health concern.
00:25:35.63\00:25:36.97
Maintaining your health.
00:25:37.00\00:25:38.33
Taking care of
yourselves, losing weight,
00:25:38.37\00:25:41.04
gaining weight, maintaining
your weight, eating healthy,
00:25:41.07\00:25:45.24
taking care of medical
issue, seeing your doctor,
00:25:45.27\00:25:49.91
and then of
course, stress can happen
00:25:49.94\00:25:51.41
if you find a lump or something
that shouldn't be where it is.
00:25:51.45\00:25:56.15
Those are concerns
from a health based basis.
00:25:56.18\00:25:59.22
So that's the
fourth major concern
00:25:59.25\00:26:02.56
and a cause of stress.
00:26:02.59\00:26:04.53
The number three cause of stress
00:26:04.56\00:26:06.33
comes down to
personal relationships.
00:26:06.36\00:26:08.36
Studies show that children--
There's studies on children
00:26:08.40\00:26:12.07
of course, attitude
towards the relatives,
00:26:12.10\00:26:14.04
arguments with the
spouse on finances,
00:26:14.07\00:26:16.47
arguments with the
spouse on children,
00:26:16.50\00:26:19.47
and rearing your children.
00:26:19.51\00:26:20.84
Should we spank?
Should we timeout?
00:26:20.88\00:26:23.58
Placing illness that
comes into relationships
00:26:23.61\00:26:27.65
and who takes
care of your parents
00:26:27.68\00:26:29.82
and all of these
issues become relevant
00:26:29.85\00:26:32.09
to the personal relationships.
00:26:32.12\00:26:33.62
You saw in some of
our, our interviews
00:26:33.66\00:26:38.26
that stress was caused
by personal relationships.
00:26:38.29\00:26:41.33
You saw the gentleman
that talked about his mom.
00:26:41.36\00:26:43.60
You saw the
gentleman that talked about
00:26:43.63\00:26:45.37
just the things that
happen on a daily basis
00:26:45.40\00:26:47.47
because he works with family.
00:26:47.50\00:26:50.11
Those are major
concerns and that is a top,
00:26:50.14\00:26:54.31
the third most prevalent reason
for stress in people's lives.
00:26:54.34\00:27:00.02
Number two, workplace stress.
We all know what it's like.
00:27:00.05\00:27:04.65
You hear about issues
concerning your next promotion.
00:27:04.69\00:27:09.52
You hear issues
concerning what you do
00:27:09.56\00:27:12.26
in reference to a
employee evaluation,
00:27:12.29\00:27:17.77
all of these things can
have a major issue on stress.
00:27:17.80\00:27:22.27
Number two is workplace stress
00:27:22.30\00:27:25.77
and you should it
look at it seriously
00:27:25.81\00:27:27.48
because it doesn't go away
00:27:27.51\00:27:29.54
and, especially if
you're looking at a job layoff,
00:27:29.58\00:27:32.15
there are issues
that need to be addressed.
00:27:32.18\00:27:33.92
The number one reason,
finances, financial issues.
00:27:33.95\00:27:38.05
Now we're gonna take finance
to a whole different level
00:27:38.09\00:27:40.96
as we talk about
how finance and stress
00:27:40.99\00:27:43.89
impact personal lives?
00:27:43.93\00:27:45.79
It's very interesting
00:27:45.83\00:27:47.16
to take a look at
this issue caused stress.
00:27:47.20\00:27:48.93
You guys gave us the idea
to do this program on stress.
00:27:48.96\00:27:53.54
Let's take a look at it
as we Take It To The Bank
00:27:53.57\00:27:56.97
and save.
00:27:57.01\00:27:58.34
Thank you all for being here.
00:27:58.37\00:27:59.71