On Take It To The Bank,
00:00:01.36\00:00:02.70
you'll find ways
to get out of debt.
00:00:02.73\00:00:05.83
Solve your credit card problems.
00:00:09.50\00:00:14.61
How to make and
stick with the budget?
00:00:14.64\00:00:16.88
Simple ways to save.
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Buying or selling a home
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and many more financial
matters on Take it to the Bank.
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Hi. Welcome back to
Take it to the Bank.
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We are so glad that you are here
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and there are so many things
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that you've contacted me about
and what you wanted to hear.
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And, I think it's
exciting that we're connecting
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and finding out
some of the things
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that you are listening to
and that God has helped us
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to understand about
our personal finances.
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I have a Bible verse for you.
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It's Matthew 5:16,
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"Let your light
so shine before men,
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so that they can
see your good works
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and glorify the Father."
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And I think that's
one of the basic tenets
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that I like to
communicate to you.
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Everything that you do,
people are watching you,
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wherever you
live, in urban markets,
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in rural markets,
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you as a demographic
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are someone
that someone will see
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and will basically make a
decision about who you are.
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And that's the
gravity of all of this,
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that what we do as examples
for Christ will basically,
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hopefully lead someone
else, and one of the things
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that are major is how
we deal with our finances.
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And no matter where you're at
in your life, whatever you do,
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you can always find a
way to get to the next level.
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And we've
always talked, way back
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on several of
the other programs.
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We've talked about what it takes
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to begin a life of savings,
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a life of developing
assets, of investing,
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and of course,
there are other things
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that we've talked
about, such as 2010 rule,
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you remember all of
that about how much debt
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you should be
carrying on an annual
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as well as monthly basis.
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And then we said
here about the rule of 72.
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Many of these things
we can go back and address
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because it's nice to go
back through different things
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but the major importance here
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is making certain
that you have a budget.
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On my website, you can
find a free budget download
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that you can take a
look at in excel format.
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And it basically gives you
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every different
possible part of a budget
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that you could probably incur
as an expense in your life.
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Now, if you don't have a budget,
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I would typically expect
that you would be spending
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every thing that you
make on a monthly basis.
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Why?
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I got a question about
how do you understand Cordell,
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what do you understand
about what we are going through.
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I do.
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I actually have
been where you're at.
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I believe that back in 1999,
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I had a tax return
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and that tax return
had everything I made.
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And it was
interesting, that year
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I didn't really save anything.
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In fact, I probably
spent more than I made.
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I made a certain
amount of money that year
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and I spent a certain
amount of money that year.
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I actually have that tax return,
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it's still there in my files,
because I use it as evidence,
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that if you don't budget
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and if you wing
it from your mind,
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you're probably
spending more than,
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with credit card and all of that
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as a part of how
you can spend money.
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You will find that you are
typically spending more than
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actually that you make
and you don't save any money.
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It's critical
that you as individual
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begin the process of
assessing where you're at.
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One of the things that my dad,
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my late father
used to tell me is,
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"You will never
know where you're going
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unless you know
where you're at."
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A starting point is
always a good thing.
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Then he also says,
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"There are many different routes
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to the same destination."
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So if it's about developing
and accumulating assets,
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investments, there are a
variety of different ways
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you can do to get there.
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Many people seem to inherit
moneys that come into them,
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and that's how
they accumulate wealth.
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Others build wealth.
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Now, one of the
questions that I was asked is,
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"I need to make a lot more money
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if I'm going to
accumulate wealth."
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Well, I think
one of the big things
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that we need to be aware of
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is not about what
amount that you make,
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it's about how
you handle your money.
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Look, if you're a millionaire
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and you spend
the million dollars,
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are you at the same
place that someone that makes
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$60,000 a year and
may save $20,000 of that?
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I think you're
further ahead of an individual
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that's making or
spending as much as they make
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as opposed to assessing
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how much money
you have coming in
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and budgeting
that amount of money.
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So as we review,
know where you're at,
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know where you want
to go, develop a budget,
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assess what you want to try
to accomplish via that budget.
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What is a...
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or what are some of the hints
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that they give
you in the marketplace
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about home-ownership?
00:05:01.33\00:05:02.66
There's always
this 33% to 35% figure
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about what you can spend on rent
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and or mortgage
based on what you bring in.
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So if you make $6000 a month,
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they'll say 33%
of that is $2000.
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So you should be
spending $2000 on apartment rent
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and or a mortgage.
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Well, is that
really a good number?
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I don't know.
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Live within your means
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and you have a better
idea of what that's about.
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And it interests me all the time
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that as I go and do lectures
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and talk to people
about developing a budget,
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we give them a number and say,
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"Hey, here's
what we'll do today.
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We're gonna talk for the
next 10 minutes about a budget
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and I'm going to give a number
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that you make
on a monthly basis.
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Okay, so let's
make $6000 a month."
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Fine, we put that
in as a line item.
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But then as we
start the process,
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I say, "You know,
I don't think $6000
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is going to be enough for you.
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So why don't you
have a part time job
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and add an additional
$1000 a month in this.
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You're gonna make $7000 a month.
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And what's quite interesting is
as we go through each line item
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of that budget and
get down to the bottom
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we find that when
we hit the bottom line,
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that bottom line is in red
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which means that we've
spent more than the $7000
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that we say we
bring in, in income."
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And that's always been the case.
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It's quite interesting
that we talk through the process
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about why then do you
need all of these elements.
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And what I'd ask you to do is
take this budget form home now
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and assess what
you're spending money on.
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Revise it and see if you can
bring those expense levels down
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from $7000 down to
approximately $4500 a month.
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And it is one of the most
difficult things that you hear
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people talking
about what do I do,
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how do I get that funding down,
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that expense level down to
$4500 from the $7000 figure?
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Cutting $2500 out of the budget
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might be very
difficult initially,
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but now it tells
you that we do have to
00:07:00.42\00:07:03.08
take some type of
action if we expect,
00:07:03.12\00:07:06.45
expect to begin
the process of saving.
00:07:06.49\00:07:09.72
So now we say,
"Okay, start small.
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What if you can cut out $500?
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What if you can cut
out an additional $750?
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Or if you can cut out an
additional $1000 of expense
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from your initial budget?"
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And you can based on
that begin the process
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of putting certain funds away
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into an
emergency savings account.
00:07:30.58\00:07:33.11
And start paying
off some of that debt.
00:07:33.15\00:07:36.79
Now with that,
00:07:36.82\00:07:38.15
I'm going to take a
little change of approach here.
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And give you a small commercial.
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One of the things
that happens in our economy
00:07:43.73\00:07:48.20
as well as with our government
00:07:48.23\00:07:49.56
is they tell you that the
way to spur economic growth
00:07:49.60\00:07:54.37
is by you as any
middle class American
00:07:54.40\00:07:57.67
to spend and borrow more.
00:07:57.71\00:07:59.81
I was doing a lecture series
and during that lecture series,
00:07:59.84\00:08:02.51
I was running through
some information online
00:08:02.54\00:08:05.68
and it came up with
this story that Americans,
00:08:05.71\00:08:09.48
middle class
Americans were paying down debt
00:08:09.52\00:08:12.75
and saving more.
00:08:12.79\00:08:15.12
And at that
meeting, I say, "Hey, guys,
00:08:15.16\00:08:17.26
did you see that story?
00:08:17.29\00:08:18.63
The story that actually tells us
00:08:18.66\00:08:20.00
you're doing the right thing.
00:08:20.03\00:08:21.36
You're actually
paying down debt.
00:08:21.40\00:08:23.57
You're putting
more money into savings
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and they don't like that
from a government perspective."
00:08:25.83\00:08:29.20
Why?
00:08:29.24\00:08:30.57
Because that's not
getting you out to buy things
00:08:30.61\00:08:33.27
and getting
other manufactures out,
00:08:33.31\00:08:35.28
buildings more things,
00:08:35.31\00:08:36.78
getting the
manufacturing firms going again,
00:08:36.81\00:08:39.21
and that's how big
business makes money,
00:08:39.25\00:08:42.02
economy starts growing,
and people get more work,
00:08:42.05\00:08:44.72
because they have to hire people
00:08:44.75\00:08:46.09
to do that type of
work in manufacturing.
00:08:46.12\00:08:48.72
But what was interesting
is about two and a half weeks
00:08:48.76\00:08:51.96
following that, one of
our individuals in government
00:08:51.99\00:08:55.36
came out from the
federal standpoint and said,
00:08:55.40\00:08:59.73
"We need to
spur economic growth.
00:08:59.77\00:09:02.24
So what we'd
like to have you do,
00:09:02.27\00:09:04.64
Americans get out and
spend more, borrow more,
00:09:04.67\00:09:08.81
because that's how
we're going to spur
00:09:08.84\00:09:10.41
what we see as economic growth."
00:09:10.45\00:09:12.88
Do you think there
is any rational behind
00:09:12.91\00:09:15.88
why they give you a
tax incentive every March?
00:09:15.92\00:09:20.02
Is there any reason why
they give you that $2500?
00:09:20.06\00:09:23.49
Why is it that they
make sure that you get that
00:09:23.53\00:09:26.46
tax break of $2500?
00:09:26.49\00:09:28.90
It's because
you as a demographic
00:09:28.93\00:09:30.27
have been studied
00:09:30.30\00:09:31.63
and they know
your buying behaviors.
00:09:31.67\00:09:33.23
You know that you as an
individual are a consumer,
00:09:33.27\00:09:37.27
so you take
advantage of that label
00:09:37.31\00:09:39.54
and go on do what
they tell you to do.
00:09:39.57\00:09:42.01
Consumerism is something that...
00:09:42.04\00:09:44.05
and if we have to
understand what a consumer is,
00:09:44.08\00:09:46.82
you as an
individual will go to a store
00:09:46.85\00:09:50.12
and you will buy something.
00:09:50.15\00:09:51.85
Whether it be a smart-phone,
whether it be a tablet,
00:09:51.89\00:09:54.29
whether it be any range
of different type of things,
00:09:54.32\00:09:58.26
you go in and buy them.
00:09:58.29\00:10:00.40
That means you're consuming
an item that's produced out
00:10:00.43\00:10:04.13
in some manufacturing
world by some major corporation.
00:10:04.17\00:10:08.10
And there is an
interesting video
00:10:08.14\00:10:11.51
that's actually
out there on YouTube
00:10:11.54\00:10:12.87
that actually
talks about the ethics
00:10:12.91\00:10:16.14
that media can
glamour to use to target you.
00:10:16.18\00:10:19.88
Did you realize
that 40% of visits
00:10:19.91\00:10:23.75
to major theme parks and
or to noisy amusement centers
00:10:23.79\00:10:28.96
for young people
would never have happened
00:10:28.99\00:10:31.23
unless the child
wasn't taught the nag factor?
00:10:31.26\00:10:35.86
That nag factor
is very interesting
00:10:35.90\00:10:37.77
because they teach your child
00:10:37.80\00:10:39.33
to come to you
several different times,
00:10:39.37\00:10:41.90
up to eight
different times they ask you
00:10:41.94\00:10:44.17
for a product in a store.
00:10:44.21\00:10:45.84
I have been amazed that
00:10:45.87\00:10:48.04
even though we
don't have satellite
00:10:48.08\00:10:49.98
or cable television in our home,
00:10:50.01\00:10:52.51
that our children
still have picked up on that
00:10:52.55\00:10:55.02
same nag factor from friends
00:10:55.05\00:10:56.75
and from what they've
observed in their surroundings.
00:10:56.79\00:10:59.39
And so when you go into store,
00:10:59.42\00:11:01.16
I have my young
people coming to me
00:11:01.19\00:11:03.36
and they were artful sellers.
00:11:03.39\00:11:05.59
They know exactly how
to sell what they need.
00:11:05.63\00:11:07.83
I need that dog.
00:11:07.86\00:11:09.96
And they hit you
seven different times.
00:11:10.00\00:11:12.30
And they know then,
00:11:12.33\00:11:13.67
let me get mom and
dad to talk about it.
00:11:13.70\00:11:16.81
I'll get out of the situation.
00:11:16.84\00:11:18.64
So then they ask
your wife or your spouse
00:11:18.67\00:11:22.88
and the whole issue
now becomes a conversation
00:11:22.91\00:11:25.81
and an argument
between you and the spouse
00:11:25.85\00:11:28.08
as opposed to you and the child.
00:11:28.12\00:11:29.45
It's quite
interesting, is it not?
00:11:29.48\00:11:30.85
And all of this, it's
about you as an individual
00:11:30.89\00:11:33.96
spending the money that
you believe is a tax incentive.
00:11:33.99\00:11:38.06
Let me give you
some semantics here.
00:11:38.09\00:11:41.26
If you are told
00:11:41.30\00:11:44.07
that we're going
to give you welfare,
00:11:44.10\00:11:46.17
what is the thing
that comes to your mind?
00:11:46.20\00:11:48.40
And or if you are an individual
00:11:48.44\00:11:51.24
that hears that you're
getting a tax incentive,
00:11:51.27\00:11:53.61
what comes to mind?
00:11:53.64\00:11:55.84
It's quite interesting,
00:11:55.88\00:11:57.48
it's based on the
type of individual
00:11:57.51\00:11:59.81
that they are talking about.
00:11:59.85\00:12:01.52
So I was listening to
a comedian on television
00:12:01.55\00:12:06.76
and he has a talk show.
00:12:06.79\00:12:08.59
On that talk show was
one of the ex presidents.
00:12:08.62\00:12:11.43
And as it was in the background,
00:12:11.46\00:12:13.60
I was listening and I heard
00:12:13.63\00:12:14.96
one of the ex
president say this,
00:12:15.00\00:12:17.37
"And we gave that corporation
00:12:17.40\00:12:19.67
in that geography of our country
00:12:19.70\00:12:21.74
$3 billion of your money.
00:12:21.77\00:12:24.47
Yes, we gave
them a tax incentive
00:12:24.51\00:12:28.84
so that their organization
could create more jobs."
00:12:28.88\00:12:34.12
Now, is there any
difference between
00:12:34.15\00:12:36.48
you getting a tax
incentive versus welfare?
00:12:36.52\00:12:41.82
No, there's no
difference because
00:12:41.86\00:12:43.79
each one of us are
getting government funds.
00:12:43.83\00:12:48.86
But the way they label it
00:12:48.90\00:12:50.53
targets the
specific demographic.
00:12:50.57\00:12:52.83
So we see a welfare handout
00:12:52.87\00:12:55.80
as somebody that's in
an under-served community
00:12:55.84\00:12:58.27
but you're still getting a
tax incentive, are you not?
00:12:58.31\00:13:00.68
You're getting funds
to consume things with.
00:13:00.71\00:13:05.48
And that's where you considered
welfare as just a handout
00:13:05.51\00:13:08.12
because we're not expecting
a return on that investment.
00:13:08.15\00:13:12.65
But if we talk
about a tax incentive,
00:13:12.69\00:13:15.19
did you know that organization
that received that $3 billion
00:13:15.22\00:13:19.03
handout welfare
check from the government
00:13:19.06\00:13:21.56
actually turn around
produced over the next 15 years,
00:13:21.60\00:13:24.97
approximately
700 new businesses,
00:13:25.00\00:13:27.57
computer based businesses
00:13:27.60\00:13:28.97
that have generated
hundreds of billions of dollars
00:13:29.00\00:13:32.11
of revenue for the government.
00:13:32.14\00:13:33.48
And as you take a look at
that specific type of context,
00:13:33.51\00:13:38.05
you begin to
understand how they label you
00:13:38.08\00:13:41.58
as an individual
00:13:41.62\00:13:43.18
whether you consume
and not save and or invest,
00:13:43.22\00:13:48.59
or whether you take the
funds and make it work for you.
00:13:48.62\00:13:52.99
Now, there are many other things
00:13:53.03\00:13:54.36
that we can really talk about
00:13:54.40\00:13:55.73
but I'd like to
get to something that
00:13:55.76\00:13:57.10
one of our callers
actually asked about
00:13:57.13\00:13:59.97
in reference to scams and fraud.
00:14:00.00\00:14:04.07
And it's a very
interesting topic
00:14:04.11\00:14:05.91
and I'd like to
take you to that question
00:14:05.94\00:14:08.58
as it came up earlier.
00:14:08.61\00:14:12.08
He talked about the
context of a fake check scam
00:14:12.11\00:14:16.79
that's going on out there.
00:14:16.82\00:14:18.55
And I was able to
research that information.
00:14:18.59\00:14:20.79
We developed a
friend over there,
00:14:20.82\00:14:22.29
ConsumerFed.org who
gave us the approval
00:14:22.32\00:14:26.63
to use this video
for educational purposes.
00:14:26.66\00:14:29.63
And I'd like to go to the
video right now, if we could.
00:14:29.66\00:14:33.57
There was a day when the villain
00:14:33.60\00:14:35.10
was easy to spot.
00:14:35.14\00:14:36.47
These days are different.
00:14:36.50\00:14:37.91
One day while
shuffling through bills,
00:14:41.74\00:14:43.48
John discovered
something wonderful,
00:14:43.51\00:14:45.25
a check for $3000.
00:14:45.28\00:14:47.88
I just won the
international lottery.
00:14:47.92\00:14:50.89
I don't remember entering
the international lottery.
00:14:50.92\00:14:53.25
He calls the lottery
agent to verify the news.
00:14:53.29\00:14:55.52
Hello? Hello.
00:14:55.56\00:14:56.89
The lottery agent
confirms John's good fortune.
00:14:56.93\00:14:59.23
She tells John the process
to claim his winnings is easy.
00:14:59.26\00:15:03.33
International law
requires a fortune of the check
00:15:03.37\00:15:05.63
to be wired back to
the office immediately
00:15:05.67\00:15:07.54
to pay the taxes
on your winnings.
00:15:07.57\00:15:09.30
After that, the
rest of the prize money
00:15:09.34\00:15:11.37
will be released to you.
00:15:11.41\00:15:13.64
John deposits the check
00:15:13.68\00:15:15.21
and then wires the
money to the agent.
00:15:15.24\00:15:16.91
John is happy.
00:15:16.95\00:15:18.71
Too bad the
lottery check wasn't real.
00:15:18.75\00:15:21.18
Unfortunately, the
money John wired was real.
00:15:21.22\00:15:26.25
You work hard for your money.
00:15:26.29\00:15:27.66
Don't let a few minutes
for the scammer separate you
00:15:27.69\00:15:29.92
from what's taken days, weeks,
or even a life time to work.
00:15:29.96\00:15:33.53
Consumer Federation
of America reminds you.
00:15:33.56\00:15:36.36
You can't win a lottery
that you've never entered.
00:15:36.40\00:15:39.23
Winners pay taxes
directly to the government.
00:15:39.27\00:15:42.30
And remember, there
is no legitimate reason
00:15:42.34\00:15:45.04
why anyone who sends you money
00:15:45.07\00:15:46.71
would ask you to send
money anywhere in return.
00:15:46.74\00:15:49.54
If that's the deal, it's a scam.
00:15:49.58\00:15:52.55
You can protect
yourself from fraud.
00:15:52.58\00:15:54.45
Learn how at
ConsumerFed.org/fakecheckscams.
00:15:54.48\00:15:58.55
Have you ever entered a lottery?
00:16:03.46\00:16:05.06
Have you ever gotten
00:16:05.09\00:16:06.43
one of those kind
of things in the mail?
00:16:06.46\00:16:07.80
Chances are you have.
00:16:07.83\00:16:09.30
Chances are you
probably been witness to
00:16:09.33\00:16:12.03
how this has
affected other lives.
00:16:12.07\00:16:13.80
I have seen this happened.
00:16:13.84\00:16:15.97
I have heard of this happening.
00:16:16.00\00:16:17.54
I've had the
questions asked of me.
00:16:17.57\00:16:19.37
I have asked other professionals
00:16:19.41\00:16:21.14
in the finance industry
about how this thing works,
00:16:21.18\00:16:23.98
and typically it's just a game.
00:16:24.01\00:16:26.41
It's a game where people use you
00:16:26.45\00:16:28.48
to get access to your funds.
00:16:28.52\00:16:30.09
When you get a
check in the mail,
00:16:30.12\00:16:31.72
one of the big items
of our series is this.
00:16:31.75\00:16:36.69
Ask that one critical question
00:16:36.73\00:16:39.09
so that you can
glorify your father in heaven.
00:16:39.13\00:16:40.90
Ask that one critical question,
so you can save some funds
00:16:40.93\00:16:45.60
that you don't
necessarily have to spend
00:16:45.63\00:16:47.50
on something you
don't necessarily need.
00:16:47.54\00:16:49.74
And if it typically is too good
to be true, it typically is.
00:16:49.77\00:16:53.58
How does the bank system work?
00:16:53.61\00:16:55.18
You take your check to your bank
00:16:55.21\00:16:56.71
and you give it to a teller.
00:16:56.75\00:16:58.15
Sometimes, the tellers
may be young, they may be new.
00:16:58.18\00:17:00.95
They may not be able to keep
up with the new technologies
00:17:00.98\00:17:04.09
being used in
writing fraudulent check.
00:17:04.12\00:17:06.59
So what if it
gets past the teller,
00:17:06.62\00:17:09.49
and they deposit
it to your account?
00:17:09.52\00:17:11.53
Then that fraudulent,
00:17:11.56\00:17:13.73
the sender of that
check has succeeded
00:17:13.76\00:17:15.90
because now
it's in your account.
00:17:15.93\00:17:18.37
The money from the bank stamp,
when they have to give you
00:17:18.40\00:17:21.37
access to some of your
funds, so what happens?
00:17:21.40\00:17:24.47
You then go home feeling
good that that $3000 check
00:17:24.51\00:17:28.78
has been
deposited to your account
00:17:28.81\00:17:31.08
and you have access to
approximately 10% of it.
00:17:31.11\00:17:33.38
So $300 is here.
00:17:33.42\00:17:34.98
What have they asked you to do?
00:17:35.02\00:17:36.69
To write a check back to
them so that they can take care
00:17:36.72\00:17:39.79
of the processing of
your lottery winnings.
00:17:39.82\00:17:42.72
Now many different red
flags should start going up
00:17:42.76\00:17:45.86
when you start thinking about
00:17:45.89\00:17:47.23
that specific
step in the process.
00:17:47.26\00:17:49.13
But that check now has to
go through a clearing house,
00:17:49.16\00:17:52.27
your local
bank's clearing house.
00:17:52.30\00:17:55.10
And that takes a couple of days
and then they take that check
00:17:55.14\00:17:58.07
and physically send it to
that other bank's clearing house
00:17:58.11\00:18:02.04
whether or not
that bank exists or not.
00:18:02.08\00:18:04.45
Now, if the check is fraudulent
and it goes to another bank
00:18:04.48\00:18:08.68
that supposedly that
check was written out of,
00:18:08.72\00:18:11.25
and it's not real,
then they will catch it
00:18:11.29\00:18:13.99
at that other
bank's clearing house
00:18:14.02\00:18:16.56
before it is actually approved
00:18:16.59\00:18:18.49
and sent for
clearing of the total funds.
00:18:18.53\00:18:21.30
So what happens then is
they say, "No," that check,
00:18:21.33\00:18:25.43
which can be between ten days
and two weeks after the fact,
00:18:25.47\00:18:29.97
they'll contact
the bank and say,
00:18:30.01\00:18:31.34
"That check is not real."
00:18:31.37\00:18:32.71
And the money in that bank
00:18:32.74\00:18:34.38
that was deposited to
the bank was not real.
00:18:34.41\00:18:36.64
So that money that
you have started to spend,
00:18:36.68\00:18:40.72
the money you sent over
to pay that person is real.
00:18:40.75\00:18:44.09
They have already
cashed it and they are gone.
00:18:44.12\00:18:46.76
And then you
have other expenditure
00:18:46.79\00:18:48.96
that you've probably made,
00:18:48.99\00:18:50.33
because now you
are $3000 wealthier
00:18:50.36\00:18:53.36
and you go into
a downward spiral.
00:18:53.40\00:18:57.30
Why?
00:18:57.33\00:18:58.67
Because you spent the
money that doesn't exist.
00:18:58.70\00:19:00.14
And then the bank starts
billing you bounced checks
00:19:00.17\00:19:03.64
and many other
things that can happen
00:19:03.67\00:19:05.81
and then you are left
responsible for the moneys
00:19:05.84\00:19:11.11
that you never really had.
00:19:11.15\00:19:13.98
Fraud happens and that
check that you have deposited
00:19:14.02\00:19:18.12
now becomes your liability.
00:19:18.15\00:19:20.56
Now, I'm hopeful that
I've addressed the question,
00:19:20.59\00:19:24.29
the question really about
00:19:24.33\00:19:25.66
how do these check
fraud scams come about.
00:19:25.69\00:19:28.66
And they come about in
variety of different ways
00:19:28.70\00:19:30.40
but the critical thing is
00:19:30.43\00:19:32.13
asking those critical questions.
00:19:32.17\00:19:34.14
And I put that in a
specific type of context.
00:19:34.17\00:19:37.47
What would your
critical question
00:19:37.51\00:19:39.47
have been in that scenario?
00:19:39.51\00:19:41.24
Because those
critical questions change
00:19:41.28\00:19:43.58
as you deal with
different situations.
00:19:43.61\00:19:46.08
For example, is this
a legitimate lottery?
00:19:46.11\00:19:49.98
Did I enter a lottery?
00:19:50.02\00:19:52.85
And why would I
have to pay for something
00:19:52.89\00:19:56.32
that I've already won?
00:19:56.36\00:19:58.29
These three questions
00:19:58.33\00:19:59.69
would probably
apply in the situation.
00:19:59.73\00:20:01.53
And the questions, the
critical questions change
00:20:01.56\00:20:04.40
as you vary the
different kind of situations
00:20:04.43\00:20:06.80
that come or that
can come your way.
00:20:06.84\00:20:09.57
What I do ask you to do
in any type of situation
00:20:09.60\00:20:13.31
is look at the legitimacy of it.
00:20:13.34\00:20:15.51
Number two: I've always said is
00:20:15.54\00:20:18.35
you won't go and
ask a brick layer
00:20:18.38\00:20:21.28
to give you an answer
about investment products.
00:20:21.32\00:20:23.99
You would talk to
someone that works in that area.
00:20:24.02\00:20:26.65
I have nothing
against bricklayers,
00:20:26.69\00:20:28.19
I have nothing against
masons, about builders.
00:20:28.22\00:20:30.43
What I do have is this,
00:20:30.46\00:20:31.93
that if I want to
have my house built,
00:20:31.96\00:20:34.03
I'm going to talk to the mason,
00:20:34.06\00:20:35.70
I'm going to talk
to the bricklayer,
00:20:35.73\00:20:37.57
I'm going to talk to someone
that knows about building.
00:20:37.60\00:20:40.34
I'm not gonna talk
to the finance expert.
00:20:40.37\00:20:42.37
It has to do with context.
00:20:42.40\00:20:44.67
So those questions that
you ask have every thing to do
00:20:44.71\00:20:48.61
with that specific lottery
00:20:48.64\00:20:51.05
that they say that you have won.
00:20:51.08\00:20:53.01
So the first thing is lotteries.
00:20:53.05\00:20:57.02
What is a lottery?
00:20:57.05\00:20:58.39
What are your
chances of winning a lottery?
00:20:58.42\00:21:00.49
Did you know that
there are 15 things
00:21:00.52\00:21:03.76
more likely to happen to
you than winning a lottery?
00:21:03.79\00:21:07.63
For example, in
winning a lottery,
00:21:07.66\00:21:10.03
your chances of
winning a lottery,
00:21:10.07\00:21:11.40
the odds of that
are 176 million to one.
00:21:11.43\00:21:14.67
176 million to one.
00:21:14.70\00:21:17.51
So that's pretty slim chance
of winning any type of lottery.
00:21:17.54\00:21:23.08
But did you
know it's more likely
00:21:23.11\00:21:25.48
that you will be
killed by a vending machine?
00:21:25.51\00:21:28.88
You have one in
112 million chance
00:21:28.92\00:21:31.75
that you'll be
killed by a vending machine.
00:21:31.79\00:21:33.56
Yes, that does happen.
00:21:33.59\00:21:35.36
There are two deaths
every year in the United States
00:21:35.39\00:21:38.09
by people getting
crushed by vending machines.
00:21:38.13\00:21:41.73
So please snack responsibly.
00:21:41.76\00:21:45.57
The second one is
00:21:45.60\00:21:47.04
dying in an airline
related terrorist attack.
00:21:47.07\00:21:49.90
There's a one in
25 million chance
00:21:49.94\00:21:52.77
that you'll die in one of those.
00:21:52.81\00:21:54.98
So why do you fly in a plane
00:21:55.01\00:21:58.08
or are you
afraid to fly in a plane
00:21:58.11\00:21:59.85
but yet you buy
those lottery tickets.
00:21:59.88\00:22:02.68
I've always asked
those types of questions.
00:22:02.72\00:22:04.72
Those chances are there
00:22:04.75\00:22:06.86
and the questions
that come to me is,
00:22:06.89\00:22:09.02
is it okay to enter lotteries?
00:22:09.06\00:22:11.49
Well, I just go
back to the verse
00:22:11.53\00:22:13.29
"To glorify your
Father which is in heaven."
00:22:13.33\00:22:15.50
And then there's that
verse in Psalms 90:12.
00:22:15.53\00:22:18.33
It says, "Help us
to number our days
00:22:18.37\00:22:20.87
so that we may gain wisdom."
00:22:20.90\00:22:22.84
Numbering our days means,
00:22:22.87\00:22:24.77
that if we are able to
make the right decisions,
00:22:24.81\00:22:27.91
spend less than we make,
00:22:27.94\00:22:29.78
and put money away that we
can help our Father in heaven
00:22:29.81\00:22:33.68
by doing certain things,
00:22:33.72\00:22:35.18
giving to certain ministries
so that they can do the things
00:22:35.22\00:22:39.45
of reaching
people for the kingdom.
00:22:39.49\00:22:41.72
And that's what we
need to think about
00:22:41.76\00:22:43.32
as opposed to that
lottery, entering that lottery.
00:22:43.36\00:22:47.10
'Cause there is a
lot of money to be won,
00:22:47.13\00:22:49.36
but the chances of you
winning it are slim to none.
00:22:49.40\00:22:53.13
Number three was, you could
probably more likely to have
00:22:53.17\00:22:57.04
a set of identical quadruplets.
00:22:57.07\00:22:59.41
That's a one in 15 million
chance of that happening.
00:22:59.44\00:23:03.45
You have a one in 10
million chance of becoming
00:23:03.48\00:23:06.15
president of the United States.
00:23:06.18\00:23:08.18
You have a one in 6.1
million chance of being killed
00:23:08.22\00:23:13.42
by a bee horn or wasp stings.
00:23:13.46\00:23:16.06
So, you know, be
careful from that standpoint.
00:23:16.09\00:23:18.33
Did you know that
you are more likely
00:23:18.36\00:23:21.46
to die by being left handed?
00:23:21.50\00:23:24.57
You have a one in
4.4 million chance.
00:23:24.60\00:23:27.10
It's a right handed world.
00:23:27.14\00:23:29.34
Apparently, a fair number of
00:23:29.37\00:23:31.57
left handed people die each year
00:23:31.61\00:23:33.98
from using right
handed products incorrectly.
00:23:34.01\00:23:37.98
Did you know that?
00:23:38.01\00:23:39.51
How about your odds of becoming
some type of movie star?
00:23:39.55\00:23:42.98
A one in 1.5 million chance.
00:23:43.02\00:23:45.72
How about dying
in a plane crash?
00:23:45.75\00:23:47.62
A one in 1 million chance.
00:23:47.66\00:23:49.29
And the odds go
on and on and on.
00:23:49.32\00:23:52.46
And your chances of winning
a lottery now becomes minimized
00:23:52.49\00:23:56.70
because your
priority of winning money
00:23:56.73\00:24:00.60
is not something that
will ever make you happy.
00:24:00.64\00:24:04.44
I remember talking
about some of the things
00:24:04.47\00:24:06.47
that science says
will make you happy.
00:24:06.51\00:24:09.78
And I believe a lot of these
00:24:09.81\00:24:12.28
are mirrored
what the Bible says.
00:24:12.31\00:24:14.25
And the number
three item on that list
00:24:14.28\00:24:17.22
is put money last on your list.
00:24:17.25\00:24:21.59
Put it as a low priority.
00:24:21.62\00:24:24.23
There are lot of
things we can talk about.
00:24:27.70\00:24:29.46
There are lot of things
that you should be aware of
00:24:29.50\00:24:31.63
and as we have
talked about this issue
00:24:31.67\00:24:33.80
called consumer
awareness, buyer beware,
00:24:33.84\00:24:36.84
we need to make
certain that we emphasize
00:24:36.87\00:24:40.08
the critical nature of
making the right decision
00:24:40.11\00:24:44.48
because quite
frankly, you are a target,
00:24:44.51\00:24:48.32
your demographic is a target,
00:24:48.35\00:24:50.52
your segment of
the market is a target.
00:24:50.55\00:24:52.59
You as a middle class
American, or an urban dweller,
00:24:52.62\00:24:57.23
or wherever you live,
00:24:57.26\00:24:58.93
you've been targeted
based on your ethnicity,
00:24:58.96\00:25:01.03
your culture, your race,
your socioeconomic standing,
00:25:01.06\00:25:05.10
every different element of
who you are has been studied
00:25:05.13\00:25:09.00
by these individuals
who lurk in the dark areas
00:25:09.04\00:25:12.94
and are targeting
people for their funds.
00:25:12.97\00:25:17.98
So whether it be a
scam, whether it be a lottery,
00:25:18.01\00:25:23.95
whether it be fraud,
whether it be the fact
00:25:23.99\00:25:26.12
that you get a
letter in the mail,
00:25:26.15\00:25:28.39
whether it be
that you get something
00:25:28.42\00:25:31.23
that tells you that
you've gained access
00:25:31.26\00:25:33.43
to a certain amount of wealth,
00:25:33.46\00:25:35.10
begin the
process of thinking about
00:25:35.13\00:25:38.23
what type of lottery it is.
00:25:38.27\00:25:41.10
Think about whether or not
you have entered a lottery.
00:25:41.14\00:25:45.17
Ask the right questions,
talk to a professional,
00:25:45.21\00:25:48.61
and realize something.
00:25:48.64\00:25:51.38
Since we're all fixated
on winning a lot of money,
00:25:51.41\00:25:54.28
people know that we're
living paycheck to paycheck.
00:25:54.32\00:25:57.42
So they know that if they see
that we could have possibly won
00:25:57.45\00:26:02.12
$3 million or $200,000,
we're gonna jump on that.
00:26:02.16\00:26:06.09
And you know what we'll do?
00:26:06.13\00:26:07.46
We'll do whatever
we can possibly do
00:26:07.50\00:26:08.96
to get access to
that allotment of money.
00:26:09.00\00:26:13.74
You know, what I ask you
to do is to take a step back
00:26:13.77\00:26:16.67
and realize that a
lot things in a world
00:26:16.71\00:26:19.67
that God created now
has gone into a difficult
00:26:19.71\00:26:24.05
and a negative direction
00:26:24.08\00:26:25.41
by all of the dark
entities that are here.
00:26:25.45\00:26:27.75
You have to be
aware of your surroundings
00:26:27.78\00:26:30.79
and be aware of
placing the money issue
00:26:30.82\00:26:34.29
low on your priority list.
00:26:34.32\00:26:36.32
Savor those
moments with your family.
00:26:36.36\00:26:38.63
Say thank you like you mean it.
00:26:38.66\00:26:40.80
Do things that are appropriate.
00:26:40.83\00:26:42.70
Don't compare
yourselves with the neighbors.
00:26:42.73\00:26:46.70
Don't compare yourselves
00:26:46.74\00:26:48.94
with those that have a
bigger car or a luxury car
00:26:48.97\00:26:52.51
because happiness
is all about giving.
00:26:52.54\00:26:57.45
The study that was
done on happiness is a movie
00:26:57.48\00:27:01.08
that was developed to tell us
00:27:01.12\00:27:03.49
that the happiest
people in the world
00:27:03.52\00:27:06.29
are not the
wealthiest people in the world.
00:27:06.32\00:27:08.89
The happiest people in the world
00:27:08.92\00:27:10.79
are those that give.
00:27:10.83\00:27:12.53
The happiest
country in the world
00:27:12.56\00:27:14.36
is not the wealthiest country.
00:27:14.40\00:27:16.13
One of the saddest
countries in the world
00:27:16.16\00:27:18.80
is one of the
wealthiest countries
00:27:18.83\00:27:20.77
in the world.
00:27:20.80\00:27:22.14
So when we come
down to happiness,
00:27:22.17\00:27:23.57
it comes down to your budgeting.
00:27:23.61\00:27:26.68
Understanding the
context of why you are a person
00:27:26.71\00:27:31.55
that leads your family,
00:27:31.58\00:27:33.11
why it's important
that you should understand
00:27:33.15\00:27:35.08
how much money
comes in, goes out,
00:27:35.12\00:27:37.45
and understand that
if you budget correctly,
00:27:37.49\00:27:39.99
you will have a better control
00:27:40.02\00:27:43.12
of how you can be
of benefit for God,
00:27:43.16\00:27:46.80
benefit for your
family, and benefit to yourself.
00:27:46.83\00:27:50.07
God bless you.
00:27:50.10\00:27:51.43
Take that to the bank and save.
00:27:51.47\00:27:53.74
God bless.
00:27:53.77\00:27:55.10