Take it to the Bank

Single Greatest Impact To A Budget

Three Angels Broadcasting Network

Program transcript

Participants: Cordell Thomas

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Series Code: TITTB

Program Code: TITTB000040


00:01 On Take it to the Bank,
00:02 you'll find ways to get out of debt.
00:09 Solve your credit card problems.
00:14 How to make and stick with the budget?
00:19 Simple ways to save.
00:24 Buying or selling a home
00:27 and many more financial matters on Take it to the Bank.
00:31 Hi, my name is Cordell Thomas, and thank you for joining me
00:35 for the program called Take it to the Bank.
00:37 I look forward to talking to you for a few minutes
00:39 today on this program titled,
00:41 The Single Biggest Impact to One's Budget.
00:46 What is a budget?
00:49 Do you know what yours is?
00:52 Do you have a budget?
00:54 Many people who have a budget can tell you in detail
00:58 what items they spend money on, where their money goes to,
01:02 how much money they put into savings,
01:04 how much money goes into investments,
01:05 what they do with their funds, the fact that they tithe,
01:08 the fact that they do things.
01:09 And this type of individuals are your wealthy individuals
01:12 because they know where every bit of money is.
01:15 What is a budget? What is on a budget?
01:18 And those type of questions come time after time after time
01:22 when you start talking to people
01:24 about how they manage their money.
01:26 And then when you begin to ask them things like, okay,
01:29 what's the greatest expense
01:31 that you have on a monthly basis?
01:33 Well, it's got to be my house. Well, of course, it is.
01:35 Your house is your biggest payment.
01:37 Probably the biggest note
01:38 that you have on your mortgage or your rent,
01:40 but then you've got heating bills,
01:42 you've got electricity, you've got water,
01:44 you've got those type of resources
01:46 that you have to pay for.
01:48 Then, what is the other areas that you should be aware of?
01:51 Such as gas, such as automotive,
01:53 such as fuel, such as groceries,
01:55 such as newspaper bills,
01:58 such as internet access and we can go on and on and on.
02:02 I ask you to go to the website
02:03 and download a free copy of a budget spreadsheet.
02:07 All you need to do is plug in the numbers.
02:09 Where's your revenue stream coming from,
02:11 by revenue I mean, where is your income.
02:13 What type of jobs do you do
02:15 to bring money into your household
02:17 and then on the flip side,
02:19 where does your money go on an ongoing basis.
02:22 What is your expense factor in many different areas?
02:26 One of the big things that people don't plan for
02:29 and many in their lives
02:31 have to do with things like fraud, and scams,
02:36 and or emergency funding.
02:38 Now, the reason that's not in this
02:40 because none of us expect to be caught up
02:42 in any type of fraud or scam.
02:44 But it is essential that as you plan your budget,
02:48 the budget becomes a contract to you, your wife,
02:50 those that are in your circle
02:52 about how you will spend your money.
02:54 So if someone comes to you with this great offer
02:57 about a lottery you won
02:58 in some kind of foreign country,
03:00 it's not a part of your budget to pay for any type of lottery
03:03 and secondarily the warning sign comes up
03:05 when you ask that critical question is,
03:07 if I didn't enter a lottery, how am I winning this lottery?
03:11 Or how about a second critical question is,
03:14 why am I paying for something that's already mine?
03:17 So these are questions you ask.
03:19 And when you ask those questions,
03:21 people who are not able to answer them
03:24 or there seems to be some type of,
03:26 of heehawing on their side of the phone,
03:28 you begin to know that something is up,
03:30 something is not right,
03:32 and it's essential that you ask those questions
03:34 as they will have a direct impact
03:36 on your life, your budget,
03:38 and what happens to your household
03:41 expenses and planning.
03:43 So why are we talking about
03:45 the single biggest impact to your budget?
03:47 Because many people don't realize
03:49 that it doesn't take that much
03:51 for a budget to go out of whack.
03:54 It doesn't take that much
03:55 for a budget to go out of alignment.
03:58 It is essential
04:00 that the planning of your life take place,
04:03 because if it doesn't take place like,
04:05 in my life I can be willing
04:07 to provide some of the details of my personal life
04:11 by saying that in 1999, I made a lot of money.
04:15 And in 1999, I spent a lot of money,
04:19 in fact, my tax returns will show
04:21 that how much money I made in that year.
04:24 I probably spent more than I brought in
04:27 because I didn't have a budget.
04:29 I didn't have any planning, any methodology for thinking
04:32 through what I'm going to do with my money.
04:35 And what happened because I hadn't planned,
04:38 or I had budgeted, or done anything?
04:41 I spent everything that I made.
04:43 Plus more, because of course, I had access to credit.
04:46 Now I'm talking to some of the single guys out there,
04:50 single individuals, and I try to make this a point,
04:54 because that, at that time I was single
04:57 and I didn't think I have anything,
04:59 had anything to worry about.
05:00 But I would ask you to think differently about being single
05:04 and not have anything to worry about you do.
05:07 You have to plan for a future, for your future,
05:10 for where you're going, for what you're doing.
05:12 Did you know, if you simply thought
05:13 through the process of graduating from college
05:16 and putting away $150 a month for the next 10 years,
05:19 that 10-year timeframe
05:21 when you're young in life could help that investment,
05:26 could provide you almost $600,000 plus
05:29 worth of returns planning for retirement.
05:32 And if you continue to save along the course of your life,
05:35 you could have well over $1 million up to $1.6 million,
05:38 depending on different variables interest rates
05:41 and the like.
05:43 But it's that type of planning we need to think about
05:45 because many of us come out of college
05:47 and we're worried about the college debt,
05:49 a big impact to any type of beginner's budget.
05:52 And we're worried about paying that back
05:54 and getting that bit of information back
05:56 into the hands of the college,
06:00 or organization that gave us our education.
06:02 But we worry so much about that kind of a debt,
06:04 we forget about the fact
06:06 that if we are more proactive in our thinking
06:09 we could be saving money towards
06:12 other areas of our life.
06:13 So paying back the debts is one thing,
06:15 and then there are different things
06:18 that you can do to even postpone paying back that debt
06:22 or you can even have that debt paid off
06:24 if you get involved
06:25 in certain type of social services.
06:27 People don't know these type of things.
06:29 And if you knew that,
06:31 you could spend more time planning for a future
06:33 that could be bright, could be wonderful,
06:36 could be effervescent,
06:37 and could provide a certain sense of happiness
06:39 because you're at peace and this happiness is provided
06:43 not by how much money you make
06:46 but how you handle your money.
06:51 Now, what I would like to do
06:53 is provide you a small reference.
06:55 In the Bible there's a text in 1 Timothy 6:6.
07:02 If you go there for a moment,
07:04 it says something about
07:05 godliness with contentment is gain.
07:09 "If we brought nothing into the world
07:10 and will take nothing out of the world."
07:13 But then it goes on, in verse 17,
07:16 the place that it says,
07:17 "Command those who are rich,
07:20 in this present world, in this present world."
07:22 I like the wording that he used,
07:24 "Those who are rich in this present world
07:26 not to be arrogant, nor to put their hope in wealth
07:30 which is so uncertain, but to put their hope in God,
07:33 who richly provides us with everything
07:36 for our enjoyment."
07:38 Now, this is, this is a kicker, I love this.
07:41 When you take a look at studying about happiness,
07:43 happiness is not about what you have,
07:45 happiness is not about
07:46 what kind of luxury car you can buy,
07:48 happiness is not about all this wealth and affluence,
07:51 it has everything about giving back.
07:53 That's what this worldly study has provided.
07:56 It's about something bigger than us.
07:57 It's about a legacy, it's about family,
07:59 it's about engaging with others,
08:01 it's about giving away and not taking.
08:04 And it says this,
08:06 "Command those that are wealthy,
08:08 or those that have funds,
08:11 or those that may not be as wealthy."
08:13 It says, "Command them to do good,
08:17 to be rich in good deeds
08:20 and to be generous and willing to share.
08:24 In this way they will lay up treasure for themselves
08:27 as a firm foundation for the coming age."
08:30 Can you believe that?
08:31 You that are wealthy give, give, do, your time,
08:36 your learning,
08:38 provide others with that same sense of wisdom
08:41 that God has given you.
08:43 Don't be arrogant,
08:45 don't get caught up in that wealth that you have
08:47 because it can go away just as easily as it came.
08:51 How do most people gain wealth in this earth?
08:53 I got a question from some of you, it's about,
08:55 what about the wealthy,
08:57 they just automatically have the wealth, don't they?
08:58 Those rich people that we look at on the internet,
09:02 and in the media?
09:03 Oh, we did a study on that and to give you,
09:06 if you're watching,
09:07 the feedback on that is 70% of people
09:11 who are currently wealthy are entirely self-made.
09:16 Of course self-made is what the article says.
09:19 God has blessed them.
09:21 It said only...
09:22 this group said that only 30% of this group of members
09:26 inherited their wealth,
09:28 the remaining 70% were entirely self-made
09:33 or they created wealth
09:34 and planned very creatively
09:39 with how they made money,
09:41 whether it'd be a small business,
09:42 whether it'd be media, whatever the case may be.
09:45 So every single one of us in this United States
09:50 have the opportunity to gain wealth.
09:52 And now they are talking about wealth
09:55 from a substantive perspective.
09:57 They labeled the wealthy anyone that makes...
10:00 In fact, we've been hearing it in the news
10:02 so many different times that $250,000 plus a year
10:06 is considered relatively wealthy.
10:09 And when you take a look at wealth in my definition,
10:15 wealth has nothing to do with how much money you make
10:18 but how you use your money.
10:20 So if, in fact,
10:22 in your situation you make $50, 000 a year
10:25 and not the $250,000 a year you're doing fine.
10:29 If you have a budget
10:30 and you're spending less than you make.
10:32 That's as simple as it gets.
10:33 If you're a comfortable individual that has no debts
10:36 and you're able to do what you need to do
10:38 and plan for your vacations and go where you need to go,
10:41 I congratulate you
10:43 and ask you not to get arrogant in where you're at,
10:46 but to continue the process of giving,
10:49 and doing, and being,
10:51 and acknowledging what Christ has to do in your life.
10:54 Because we go to that,
10:55 that story of the talents in Matthew
10:57 and we realize
10:59 that it's the individual that worked it
11:01 and was able to double
11:03 the investment that Christ had in him,
11:04 whatever that talent may be.
11:08 So we're talking about impacts of the budget.
11:10 And I haven't really addressed that as yet
11:11 because I want to get into it.
11:13 One of the major impacts to any budget
11:15 is the lack of preparation.
11:17 So I'm actually talking to you as,
11:19 if you don't have a budget,
11:21 you're really setting yourself up
11:22 for some type of disaster.
11:24 The targets that are out there are those individuals
11:26 who are spending what they make.
11:28 And believe you me,
11:29 that information is actually out there.
11:31 You know that your bank sells data
11:34 about bank accounts,
11:35 about balances in your bank account.
11:38 They sell that data
11:39 so that people can start assessing information
11:41 about different groups,
11:43 their behavior patterns, their savings,
11:45 how they spend money.
11:46 And if you are the type
11:48 that spends what you make, they know.
11:50 And many people are targeting these individuals
11:52 because they know
11:54 you're looking for a quick boost to your income.
11:58 So you're targeted for scams, fraud.
12:01 Many of our older generation are being targeted
12:05 because our baby-boomers as well as our octogenarians
12:11 are very wealthy
12:12 and have a very good spending power,
12:15 $400 billion specific to the baby-boomer group.
12:19 And our octogenarians
12:21 they buy 25% of all the toys purchased around the globe.
12:27 And when you think about that type of buying power,
12:29 these individuals are studied
12:31 and are very much targets for individuals
12:34 that would like to get access to your funds.
12:37 So for example, you might get a call late at night
12:41 asking you to send money to a foreign country,
12:45 based on the fact
12:46 that they know you may have grandchildren
12:49 and they ask for funds
12:51 because you're saying, "Hey, grandpa.
12:53 I'm stuck, I need $250. Can you send it to me now?
12:57 And make sure you send it via MoneyGram
12:59 because that's the fastest way to get it to me."
13:02 And these parents or grandparents
13:04 will get up and do it because they have
13:06 the best interest of their families
13:08 in their hearts.
13:10 But you know that these scams happen in many different ways.
13:14 And what I ask people to do
13:15 is plan and prepare for that type of thing.
13:17 Have a plan in place,
13:19 so you know where your grandkids are,
13:22 you know where your children are,
13:24 you have a connection plan to say,
13:26 let me call them up on their cell phone,
13:27 let me call them up where they're at,
13:29 and let me ensure that
13:31 this is actually what's going on.
13:33 These are major targets.
13:34 So your first major impact
13:37 to anybody's finances has to do with their lack of preparation.
13:42 That lack of preparation in your life
13:44 can also have negative impacts on your life
13:48 if you also don't plan from a budgetary standpoint,
13:52 how you spend your money?
13:54 And one of the other major areas
13:57 that people don't realize impact the budget
14:00 has everything to do, with what?
14:05 Technology.
14:06 We're taking a look at millennials
14:09 that are out there now,
14:10 that had, were born post 1980, '81
14:14 up through the year 2000.
14:17 You're looking at iGeneration individuals
14:20 that were born post 2000
14:21 that are very well connected to technology.
14:26 I am talking about not baby-boomer
14:29 but Gen-X's and millennials
14:30 because the biggest impact to anyone's budget right now.
14:34 Can you guess what it is?
14:36 That is the smartphone, the tablet.
14:39 This type of latest technology
14:41 are impacting budgets up to $3,000 to $4,000 a year.
14:45 If you look at what's happening in that industry,
14:48 they are the ones
14:50 that understand that you're a consumer.
14:51 So every single year they come out
14:54 with a new upgrade to a smartphone
14:57 and you feel obligated to have to buy it.
15:00 You know, it was interesting to me.
15:01 I went into a store and took my phone
15:05 and asked them, "Hey, you know, I need a cover,
15:07 protective cover for the phone
15:09 and I'm wondering if I can buy it from you."
15:11 And they said,
15:12 "What kind of phone do you have."
15:13 And I told them exactly what the model was on my phone,
15:15 and they laughed.
15:17 That was really kind of interesting.
15:19 They laughed at me. I said, what's so funny.
15:22 And they said, well, we don't sell that anymore,
15:25 that's two year old technology.
15:27 And we don't sell those type of covers.
15:29 If you want to get type of cover,
15:32 I'm sure it's gonna be hard to get it now.
15:34 You know, of course, they're going to tell you,
15:35 it's hard to get because they want to make a sale
15:37 because that's the exact direction they went.
15:40 They went right to the approach of...
15:45 Well, since you don't have the upgraded phone,
15:47 why don't you purchase one?
15:49 I have a great deal for you.
15:51 And there are a lot of people out there
15:53 that would love to get that type of phone
15:55 that technology you currently have.
15:57 So if mine is in such high demand,
15:59 why do I need to get a new phone?
16:02 And his comment back was, well, here,
16:05 if you really want to get those type of things,
16:07 you need to buy a new phone.
16:09 And, when you get the new phone,
16:11 you don't have this type of two year old technology.
16:14 You will be able to get
16:16 all of these new features on this smartphone.
16:18 And he was hounding me, he was doing the hard sell.
16:22 He wasn't letting me out of the door.
16:23 In fact, he was standing
16:25 in front of the exit area to the store,
16:27 trying to get me to buy a phone,
16:28 giving me all the offers.
16:30 And hey, by the way,
16:31 I think, I can get you a free deal
16:32 where you won't have to pay via contract
16:35 and all these type of things.
16:37 Well, you know, I can see through that
16:39 and I realized that I have a budget
16:41 and I realize that I didn't have any expectation
16:45 of going to spend money on a new smartphone.
16:49 So I was held to that contract
16:52 that I had at home with my family.
16:54 And I wasn't intending to go and buy anything.
16:56 So I knew that he wasn't going to get me at that time.
17:00 And I was able to say, look, I'm not interested.
17:03 I guess I can go online.
17:04 I can find, what I need, I'll buy it from other,
17:06 some other resource.
17:08 Because I'm not here to buy any kind of new smartphone,
17:11 I'm here to get what I was looking for.
17:14 Control your lives,
17:17 control what it is you want to accomplish every day.
17:20 Because every day, you go out of your door,
17:22 there are influences, the media,
17:24 there are many different individuals
17:26 that want to take your time.
17:27 They want to take your money and they will hound you,
17:31 and manipulate you into buying that object
17:35 that they would like to have you purchase.
17:39 A budget is key, a budget is essential,
17:42 and that smartphone that you have,
17:44 take a look at what you have with a smartphone.
17:47 Many of us are purchasing additional minutes
17:50 that we may not necessarily need.
17:52 Did you know that there are apps
17:54 that help you with texting?
17:55 So you're paying for fees
17:56 through your smartphone organization
18:00 for that type of service
18:03 when you may not necessarily need it,
18:05 you could get it through an appropriate app
18:07 that you could download.
18:09 You can actually cut back on a variety of different areas,
18:12 based on the technologies
18:13 that are available in that smartphone,
18:15 and you can cut your expense by almost half.
18:20 How many minutes do you use?
18:21 Call up your organization that has the contract
18:26 with your smartphone and ask them.
18:28 How many minutes am I using on an ongoing basis?
18:30 But you might find that, I have a 1,400 minute plan
18:34 when I'm only using, 300, 400, and 500 minutes.
18:37 They will get you to pay the $140 to $150 a month
18:41 when all you really needed was a $75 a month contract.
18:45 And when you look at $150 to $200 a month
18:47 that's close to $2,400 a year
18:50 that now is going towards the use of a smartphone.
18:54 And that $2,400 is in addition to the fact that many people,
18:59 because they haven't really thought through their budgets,
19:02 also have a landline.
19:04 They also have internet services
19:06 that may have high capacity bandwidth
19:10 to download information which could mean
19:12 you could go with that technology,
19:15 utilizing the internet for your phone service.
19:18 So there could, you could cut your phone bill
19:22 in half or even to into a third
19:24 if you thought about how you utilize the phone,
19:27 what you use the phone for.
19:29 And many people are now
19:31 no longer going with landlines at home
19:33 because they have a smartphone that goes wherever they go.
19:37 And you may even opt for international service
19:39 on your smartphone
19:40 and get rid of the home service for your long distance calls.
19:44 There are many different ways of approaching
19:47 the same destination.
19:48 And that destination has to do
19:50 with cutting your bills in half or into a third
19:54 where you can save that money
19:55 and put it into some other area.
19:57 And it's essential that you start looking at it
19:59 from that perspective.
20:00 Because if you are actually in debt,
20:02 which a budget will tell you that you are,
20:05 then you can begin the process of taking that extra funds
20:08 you save in this area
20:10 and start putting it
20:12 towards paying down the debt that you have.
20:14 And that's just one area of your budget.
20:17 So as I ask you to look seriously at
20:20 what you spend your money on,
20:22 where your expenditures are,
20:25 what it is that you like to do, how you can cut back,
20:29 I will guarantee
20:31 that if you look at a budget and fill that whole thing out
20:35 and then assess where you're at and how much you're spending.
20:38 You'll be surprised at
20:40 how much money is actually going out,
20:41 if not everything that comes in is going out.
20:45 And just a little bit of analysis could cut
20:48 your expenses significantly.
20:52 I've actually done this type of process on an ongoing basis
20:56 where I have those people in the seminar
21:00 go through an actual budget form
21:01 and, we all, 20 of us, 30 of us whatever number is there,
21:05 we talk about this budget.
21:07 And we go through it line, by line, by line,
21:09 and we tease people at times.
21:10 So I mean, how much money do you make per month?
21:12 How much money do you want to make for month?
21:13 Oh, I'm going to make $5,000 a month.
21:15 And you know what?
21:17 You also probably have a part time job, right?
21:18 No, I don't.
21:19 Well, why don't we put it in
21:21 because you're going to need it?
21:22 No, I won't.
21:24 I can live under that $5000 level.
21:27 Well, can you?
21:29 Because when we go through that budget
21:32 and we go through every line by line,
21:34 it's interesting you can pick up
21:36 certain bits of information when you ask,
21:38 what is your water sewage and trash collection bill?
21:44 Well, I don't know.
21:45 How much do you spend on cable on a monthly basis?
21:48 I'm not quite sure, I have to check on that.
21:51 What is it that you do?
21:53 Or how much money do you spend
21:54 in reference to going out to eat?
21:59 What is your expenditures for that type of thing?
22:02 I'm not sure but then we start talking about those elements
22:05 and it's quite interesting.
22:07 How much does it cost to go out and get a dinner for four?
22:11 A dinner of four at any type of retail establishment,
22:14 is probably going to run you what?
22:16 About $60?
22:18 Let's say that's a convenient bill
22:19 of $60 at one time to go out to dinner.
22:22 If you do it once a week, which is what most people say.
22:25 We like to go out at least once or twice a week.
22:27 So now you're looking at a number called let's say $50
22:31 each time you go out to eat, 50 twice a week,
22:35 that's $100 on each week, 4 times a week.
22:39 So that's $400 a month in bills
22:45 that you get for going out to eat
22:46 at any type of restaurant.
22:49 And then, you take a step back and you realize
22:51 that they haven't really thought
22:52 through the fact that this is a major bill.
22:55 Because a family of four,
22:57 typically groceries is about $550 plus a month
23:01 to just handle groceries for a family of four.
23:03 So you're not only spending
23:05 $550 plus a month for groceries,
23:08 you're also spending $400 a month
23:10 to take people out to eat.
23:11 So that's close to $1,000 for food every single month.
23:16 And you go down,
23:18 again, I ask this question as we're going through
23:21 the automotive part of the budget.
23:24 It's got, how much does it cost
23:25 to drive your car on every mile.
23:29 People haven't really thought about that.
23:31 There is a actual cost that you have to drive
23:33 your car down the road.
23:34 And I actually break it down to per mile.
23:37 My car costs about 40 cents a mile
23:40 to drive from the beginning, when I bought it up until now.
23:42 And how do I get to that number?
23:44 Here's a simple way to look at it.
23:45 Look out the mileage on your car
23:48 and then if you had it for two or three years,
23:52 let's say you have 50,000 miles on the car.
23:55 Then look at the costs
23:57 that it took to acquire that car.
23:59 The costs that it took to maintain the car,
24:03 the costs that it took to put gas in the car,
24:07 the total costs associated with that car.
24:10 And you can then take your total mileage
24:15 into the amount of money you spent on the car.
24:18 And it will give you a per mile number minus 40 cents.
24:21 I took 250,000 miles on my car
24:25 and divided it into about $100,000 I've spent on the car.
24:30 You think, that's a lot of money? It is.
24:33 Over 14 years, I've spent about
24:35 $103,000 on that car that I have.
24:39 To maintain, to put gas in it, just pay for the car,
24:41 and to pay it off.
24:42 So it took about,
24:44 it's a $26,000 car it took about,
24:47 how many years to pay it off at a certain interest rate.
24:49 So it's about $32,000 just for the car itself.
24:53 It costs about $3,600 a year for gas,
24:58 over the course of 14 years.
25:00 You can see what that is like.
25:02 And then, of course, to maintain,
25:04 to fixed, to upkeep, to take care of the car,
25:06 to change the tires was the remaining portion.
25:08 So, about $103,000 total
25:12 over the past 14 years to take care of a car.
25:16 And then I have 250,000 miles on the car.
25:18 You divide that 100,000 by the 250,000 miles
25:23 and you come up with a figure
25:25 and that figure is 40 cents a mile.
25:26 And you ask people,
25:27 "Do you know how much it costs you
25:29 based on the mileage every month?"
25:31 "Oh, I drive about 15,000 miles a month."
25:34 Now you know exactly how much on a monthly basis
25:37 your car is costing you, 15,000 miles a month,
25:42 and if you're spending close to at 50, 60, 70 cents a mile.
25:46 Did you know certain luxury brands
25:48 cost $1.80 cents a mile to drive?
25:53 And when you begin that kind of evaluation of your budget,
25:57 you begin to see certain things
26:00 that stand out to you and your budget.
26:04 It's really kind of interesting that when you can graph it
26:08 and look at where my major expenses are,
26:10 I can tell you, yes, my household expenses
26:13 are going to be the vast majority
26:15 of my total expenses on a monthly basis.
26:17 But what else jumps out at me. What happened this last month?
26:20 Why in November did my food bill jump about 20%
26:25 than it was the previous month?
26:27 Well, of course, there is the holidays.
26:30 There's Thanksgiving, you're spending more.
26:32 You have guests coming over to your house.
26:34 So you can assess those type of things
26:36 and put things in certain perspective,
26:39 that is key.
26:40 Because when you take a look at the single biggest impact
26:43 to anyone's budget right now,
26:44 the story they have out there in the internet,
26:46 it says, is that smartphone.
26:48 But what is your major area of concern?
26:50 Have you looked at your budget yet?
26:52 Do you know how much it costs per mile to drive your car?
26:55 Take a look at it from an evaluative standpoint
26:57 and you will begin the process
26:59 of now getting excited about looking at the numbers.
27:03 Understanding how the numbers work for you.
27:05 Figuring out how I can better make this budget
27:09 that I have that I develop,
27:12 the best thing that God can use.
27:15 And that I can begin the process of saving
27:18 and putting money towards His kingdom.
27:23 And, oh, by the way, that budget sheet,
27:26 when we go through the whole budget sheet,
27:28 that they make now $5,000 a month plus
27:32 the $1,000 in extra income,
27:34 every time we come down
27:36 to the bottom of that budget sheet,
27:38 it's in the red.
27:40 People don't realize that unless you budget
27:43 and assess your specific dynamics,
27:47 you're probably spending more than what you make.
27:52 Take a look at your budget,
27:53 and take it to the bank, and save.
27:56 God bless you.


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Revised 2017-02-24