Participants: Cordell Thomas
Series Code: TITTB
Program Code: TITTB000021
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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 and many more financial matters 00:29 on Take it to the Bank. 00:31 Hi, my name is Cordell Thomas 00:33 and I'm here with Take it to the Bank. 00:35 Excited about this program 00:37 because there is some interesting information 00:38 that actually just came in. 00:40 There was a story written just the other day 00:42 about how banks are beginning the process now 00:45 of raising fees 00:47 and targeting specific type of customers 00:49 that are profitable or unprofitable for them. 00:52 And it's kind of an interesting conversation 00:53 because now they are saying 00:55 that you are only a profitable customer 00:57 if you bring about $100,000 worth of assets to the table, 01:01 assets or investments to the table to that bank. 01:04 So basically if you have own a home, you have, you know, 01:07 $10,000 worth of savings this and that the other, 01:09 they're basically saying that type of customer 01:11 we can predict is profitable. 01:13 Now, the tensions between banks and customers 01:17 it's actually reached a fever pitch 01:21 over the past few weeks, 01:22 based on, you remember the bank 01:24 that was trying to charge five dollar debit card fees 01:28 for the use of the machines last year and, of course, 01:32 what we saw with the backlash. 01:34 And, of course, that was interesting to see 01:36 such a large bank say, 01:37 "All right, we'll back off, 01:39 well, we won't do anything about that," 01:40 but they are still in it to win it 01:44 because banks are businesses 01:46 and they are there to make money. 01:49 The financial crisis of the past 01:51 caused them a lot of money, 01:52 lot of foreclosures cost them a lot of money, 01:55 and they are trying to figure out 01:56 how they can make that money back. 01:58 I was online the other day and I looked one major bank 02:01 and they looked at profits over the past year $1.9 billion, 02:05 $1.9 billion with a B. 02:07 You all remember, or you remember 02:10 how we calculated a billionaire 02:11 and put in a context is if you spend 02:15 a dollar a second, 02:17 it takes you approximately 12 days to spend $1,000,000, 02:22 a million with an M. 02:23 If you do that same thing, one dollar a second, 02:27 how much time will it take to spend a billion? 02:30 Well, it turns out that's about 31 years, 32 years. 02:33 That's doing a dollar a second non-stop 02:35 and if you get that context that's a lot of money. 02:39 So these banks are making a lot of money 02:41 and they are finding ways to be more profitable. 02:44 What are they doing? 02:45 They are looking at you, 02:46 maybe a risk your customer then most 02:48 and there are trying to get you to sign on with a credit. 02:53 And so there getting more credit, 02:54 increasing their market share, and they are doing that 02:57 because it brings them funds. 02:58 Because what are they doing with your future payments 03:00 on the credit card? 03:01 They are bundling these financial, 03:03 these assets, 03:05 and they are selling them to investors. 03:07 So they make money. 03:08 The investors are banking on the fact 03:10 that you will either pay or you may not pay, 03:12 but they are insured on that 03:15 so they're still gonna money regardless. 03:17 But it's banking on you, on your future payments 03:20 which means that they are saying, 03:21 "We know you are gonna get in debt. 03:24 We know they are gonna use credit cards 03:26 and we know you probably not gonna be able to pay them off." 03:29 So what's going to happen is the long-term 03:31 they have to pay the minimum payments, 03:33 we will make money on that interest on that money 03:37 and we will be able to make more money. 03:40 Of course, the context 03:41 is they are doing in money different ways also. 03:43 You go to a bank... 03:44 I have banking at different separate banks. 03:47 One has hold to my mortgage, of course, 03:50 and then I'm considered because of mortgage, 03:52 and savings, and checking 03:54 and that kind of thing and, of course, 03:55 I have then profit over there too. 03:58 I'm a premier customer. 03:59 Why? 04:00 'Cause that's true, 04:02 I have, they have over $100, 000 more or more 04:05 of investments and, of course, assets according to me. 04:09 Now, if you are not in that level 04:13 and you are at a different bank, 04:15 which you have another account at, 04:16 they nickel-and-dime you for everything. 04:19 If your account goes under a certain amount 04:20 they will charge you, if you, of course, 04:23 if you bounce a check 04:24 they are gonna charge a large amount. 04:27 If you are asked for specific services 04:30 and now seeing that they look at it that way, 04:32 banks maybe getting better at figuring out 04:36 when they have to raise fees 04:38 and which customers they can afford to lose, 04:43 afford to lose. 04:44 So when you take a look at what banks are trying to do now 04:47 is they're treating their organization 04:50 as a corporation 04:51 and they are looking at mitigating loss, 04:54 and maximizing profitability, 04:56 and they are now looking at targeting customers. 04:58 You know how it is. 04:59 If you are, I, I've noticed the difference. 05:01 As a premier customer, if I call up to bank 05:04 I don't wait long, 05:05 I get right through immediately, 05:06 I've noticed that 05:08 and I've asked the bank to actually that 05:09 because we had friends in the industry. 05:11 They have it labeled to a way that they know 05:14 who's you're premier 05:15 and who is just a regular customer. 05:16 If you are a regular customer, 05:18 you're gonna wait in line you can wait 5, 10, 15 minutes 05:21 to get through, though a banker 05:22 if you're calling them up, 05:24 but if you're premier customer, you don't wait that long. 05:26 There are a lot of little perks that are in there because now, 05:28 as a customer of this bank, 05:30 I don't have to pay for certified checks, 05:32 the preparation of money orders, 05:34 I don't pay for the preparation of travelers' checks, 05:37 if I'm traveling along around the place, varying funds, 05:40 they actually provided me 05:42 my corporation bank checks for no cost. 05:47 It was a fantastic perk. I really appreciate it. 05:49 That's a significant cost when you think about it. 05:51 And you understand 05:53 what they're thinking about now, 05:55 this is just news that has been provided 05:58 in the news industry 06:00 and I think it's something that's relevant to you. 06:01 As we talk about finances 06:03 and we talk about 06:05 how these things impact our lives, 06:06 it's important to realize that as we mange our funds, 06:11 and we save our funds, 06:12 and we act in a way that is organized 06:17 and we approach it 06:19 in a calculated manner of saying that I wanna save, 06:22 I wanna make sure that I don't let my expenses 06:26 exceed my income, 06:27 those type of things hold true, 06:29 so that if you can have a savings account 06:31 of $50, 000 or $60,000 06:33 and if you can buy a home 06:35 and have a long-term relationship with bank, 06:38 one banking entity, 06:39 it works out to your best interest. 06:41 But now banks are saying 06:43 that they're going to pick and chose. 06:45 And with the level of people, the number of people 06:50 that are upset with banks based on what just happened, 06:52 people are changing banks at the tune 06:55 of last year 9.6% customers switched their banks 06:59 which was up from 2010 and 2011 07:03 where it was 7.7% and 8.7% respectively. 07:06 So people are now taking more control, 07:08 we can began to see that now, 07:10 and they're saying if they are not comfortable 07:11 with their current banking relationship, 07:14 they take it upon themselves to change it 07:17 and in some cases it works out well for them 07:19 and some cases it doesn't not work out that well, 07:21 depending on where you go. 07:23 So as you take a look at where you go, 07:25 understand that many of us may not have 07:27 the $100,000 worth of investments 07:29 and assets that a bank would like to have 07:31 to choose you 07:33 as a potentially profitable client. 07:36 But that doesn't mean you don't have any outlet. 07:38 As a matter of facts, they looked during that article 07:44 at what you can do 07:46 and they're providing a short shopping guide 07:48 for customers, financial customers 07:50 who are under that $100,000 category. 07:54 Don't bundle big money, 07:56 don't bundle a lot of big money and tied up 07:58 because you know that your mortgage interest 08:01 is federally insured up to $250,000. 08:04 If you have a million dollars 08:05 I...recommending what you do 08:07 but if you're just insured up to $250,000, 08:12 put $250, 000 in each account at each bank 08:15 so that if something happens 08:16 you're insured up to the amount that you have there. 08:18 If you have a million in one bank 08:19 and something happens, 08:21 you're insured up to that $250,000 amount. 08:23 Bundle little money, 08:24 many banks require a minimum monthly balances 08:27 of approximately $2,000 or so for free checking. 08:31 So you can get free checking if you tie up, 08:33 if you're willing to tie up about $2,000 08:35 without getting any interest for it. 08:37 That's, that's and then, of course, 08:40 you will probably qualify for the free checking 08:41 and avoid any type of overdraft problems also. 08:45 But I think one of the best recommendations 08:47 that are out there 08:48 is to seek upstart alternatives. 08:52 Small community banks are now hiring 08:55 marketing front companies 08:56 to build online businesses for them, 08:59 companies such as, well, I, you know, 09:02 companies such as those that are online and have capacity. 09:06 I'd ask you to go online 09:07 and do a search of those type of businesses that are online, 09:10 so you can get a context of those that offer 09:14 a verity of banking accounts. 09:15 They're FDIC insured, via web portals 09:19 and they've identified online 09:22 if you go in and do a quick search about ten banks 09:25 offering free checking accounts. 09:27 Seconds issue, use automated, 09:29 you can use automated investments services. 09:32 You don't have to go to the big organizations 09:36 that typically provide 09:39 these types of investment strategies. 09:40 They have online strategies that you can get 09:42 for relatively inexpensive amount 09:45 and they can make stocks and bonds, 09:47 low fee funds that you can get access to 09:49 if you have now in place your budget 09:53 which tells you where your expenses are going, 09:56 where your paycheck and the revenue is coming from. 09:59 And that difference between expenses and income 10:02 gives your savings and possibly moneys 10:06 that you can invest, 10:08 invest and those are things that we talk about 10:12 when we're looking at setting financial goals. 10:14 I read a couple of things online 10:17 and they said to set 10:19 and prioritize your financial goals, 10:21 set them short-term, mid-term, and long-term 10:24 it tells you where you need to put your funds specifically 10:27 if you want to get immediate access to it. 10:29 So if you have an emergency fund 10:31 what does it tell you? 10:32 It says, "Hey, I can get to this money, its liquid, 10:36 I can get it without paying any type of penalty." 10:38 If it is funds 10:39 that you're putting away for retirement 10:42 or a longer-term, mid-term, long-term, 10:44 then it's something you don't wanna touch. 10:47 There is a penalty to go get access to it 10:49 and those are things that you set for long-term. 10:53 Now do you know how much in one year you could save, 10:56 if you save 35 cents per day? 11:00 Think about that for second, 11:01 35 cents a day for the course of one year. 11:03 How much do you have saved? 11:05 And how does that apply to the bigger picture? 11:07 Because what we are gonna talk about at this juncture 11:11 has to do with the consequences of not planning, 11:15 the consequences of not planning. 11:17 What happens is long-term 11:19 if you don't have future plans in place 11:21 you're not thinking about the potential for a job loss 11:25 or the potential for some major type of emergency. 11:30 And these are the type of things 11:32 that we'd liked to talk about 11:33 over the course of the next few minutes. 11:35 So, with that said, 11:37 I wanna take you to a couple of interviews I did 11:40 while we were at the beach and talking to the people 11:42 in a supposedly relaxed environment 11:44 and asking them that same question, 11:46 "What do you considered the top three crises 11:50 that families encounter?" 11:51 And I like you to take a look as we listen. 11:56 What do you consider the top three crises 11:58 that families are dealing with today? 12:00 Probably top three crises are money, 12:02 money is one of them. 12:03 And then just like inner family conflict stuff like that 12:07 I would say. 12:08 Probably the third one, I don't know, 12:12 the third one just maybe spending time all together 12:15 like the old families used to, you know. 12:22 My family would be money, work. 12:25 and probably other family problems. 12:27 You know what I mean? 12:29 Issues and nonsense that other people bring 12:32 into a play and, 12:34 my Dad his, whole work, work, his girl, 12:41 and money, I mean, that's the main things. 12:43 All right. 12:47 Top three? Top three. 12:49 Financial, work, marriage. 12:58 Its interesting same key issues, 13:00 financial issues, 13:02 personality issues, family issues. 13:05 We've talked earlier 13:06 and I was talking about the banks 13:07 and it was kind of interesting 13:09 I really wanna share this with you 13:10 because if I don't, 13:11 I will have pass this opportunity there 13:13 to share with. 13:14 It tells one of the things that customers are now taking 13:16 at upon themselves to complain. 13:19 I mean, with banks 13:20 and any kind of customer service arena 13:22 and banks specifically is what we talked about initially with 13:25 some of the changes that are going on there, 13:26 so they're challenge 13:28 and they know their customers are gonna make decisions, 13:30 but their customers also 13:32 are fairly clear with the customers 13:35 that if they have problem, complain. 13:37 And so what we are finding is, 13:39 if you feel that you're wrong there is a place you can go 13:42 the new Consumer Financial Protection Bureau said that, 13:46 they're excepting customer or consumer complain 13:50 about bank accounts and you can go, and talk, 13:54 and complain if there is a specific concern 13:57 which is why it's quite interesting. 13:58 Because you can file a complaint, 14:00 you can print it out, 14:02 and you can take that to the bank. 14:06 Sounds familiar to you, doesn't it? 14:07 Actually it's pretty cool because you now have an outlet, 14:11 the better businesses viewer has a place also, 14:12 which I utilized when I had a unfair dealing 14:15 that I had at a dry cleaners. 14:17 And there are options for you in any case when you feel 14:21 that you've been slided by an organization 14:23 because this is real money, 14:25 it's money out of your pockets that you put into, 14:28 for example, a bank. 14:30 That bank takes your money and says, 14:31 "Oh, thank you for letting us use your money 14:34 and we are gaining 18%, 20%, 22% 14:37 on return on your money, which we turnaround 14:40 and say to you here is your 1% or 2%". 14:43 So they are using the funds that you have, 14:45 there are uses for banks 14:48 and I ask you to take care 14:49 as you chose the bank that you have 14:51 it could be a physical brick-and-mortar 14:54 or it could be a virtual bank 14:56 that you can access via a web portal. 15:00 But what we're talking about today 15:02 via these actual interviews 15:05 had to talk about top three crises 15:08 that families deal with 15:09 and it has to do with money and relationships. 15:11 It all has to do with money. 15:14 I had talked earlier that there is an article out there 15:17 about what some people, smart people happy people, 15:21 are individuals that don't concern themselves with money. 15:25 They have money, they can make more money 15:27 if they chose to, 15:28 but they're not worried about money 15:30 because they have what they need, 15:32 they have a conservative approach to life, 15:34 and they enjoy life. 15:36 And it doesn't mean that they don't spend it, 15:38 they spend it, they do things because they have planed. 15:42 They have done what they have to do early on 15:44 to ensure that they are meeting there obligations 15:47 and planning for the future 15:49 with not only themselves as a family 15:51 but their children accordingly. 15:53 But then, the context of this is, 15:56 "What happens when a crisis happen?" 15:57 Top three crises have to do with money, job loss, 16:01 medical emergencies, those type of things. 16:03 Let's take a look. Let me ask you a question. 16:06 What you do 16:08 when you just lose a job or go through a layoff? 16:11 What you do? What's your first step? 16:14 How do you approach it? 16:15 Have you planned for it 16:17 from a standpoint of future planning 16:20 and future type of emergencies? 16:23 I would say, let me ask a different question. 16:27 You just begin a new job 16:29 and they require you to pay the expanse to move, 16:32 does that happen? 16:33 It does. 16:35 Where do you get the money from? 16:36 Do you have the emergency account setup? 16:38 Have you budget it accordingly for this type of emergency? 16:42 And it is an emergency. 16:43 You wanna move, you wanna make money, 16:46 you wanna continue the process of supplying 16:49 the needs for your family, 16:50 but then "I don't have the savings in place 16:54 the emergency funds in place to handle this new issue" 16:58 because most companies will say, 17:00 "We'll relocate you. 17:01 We'll pay for your relocation expenses. 17:03 We'll pay for you to get where you need to go". 17:04 But some don't. 17:06 And these are things to look at. 17:07 This can come right out of the blue 17:08 and put a shock into your financial status 17:11 and your budget. 17:13 What about an auto accident happens? 17:17 The auto, it needs to be retired, 17:19 it just breaks down and doesn't want to go anymore, 17:21 or you have to go through a major repair. 17:25 This is another major item that can influence how you deal 17:29 with the loss of income 17:31 as well as dealing with a medical emergency, 17:34 or just an emergency that comes up 17:36 that can happen in any form or fashion, 17:40 are you planning for it? 17:42 Do you deal within the right type of way? 17:44 We find that people 17:46 who plan are people who are happy, 17:50 people seem to be in a better state of mind 17:52 because they're not worrying about this issue out here 17:55 because if I need a new water heater, 17:58 I have that savings account 18:02 that can fund that acquisition, 18:05 which leads to a couple of other questions 18:07 which I'll bring up in a minute. 18:08 But I'll ask a few more. 18:11 What happens when you have a major home expense, 18:14 a broken water line, a tree falling on your roof, 18:17 fire, natural disasters, 18:18 which goes to whole other area of insurance 18:22 and insurance protection? 18:23 We do know that there is a great deal 18:27 of insurance fraud that's going on out there. 18:29 We do know that there are things 18:30 that create anxiety in our lives 18:33 and can we overcome that? 18:35 And do we have the right type of insurance, 18:37 homeowners insurance, renters insurance, 18:40 you knew that you need to get 18:41 or should have renters insurance, 18:43 insurance on your car? 18:45 These are all things which will mitigate the loss 18:49 because we have that insurance mechanism in place 18:52 that will help to make you whole again. 18:56 How about pet healthcare? 18:58 If you have a pet, you have to take care of the pet. 19:01 That's a major responsibility too 19:03 and there are money outlets that need to happen 19:05 from that standpoint. 19:07 What happens when you have an unexpected tax 19:09 that you owe the IRS, 19:11 relevant to a lot of people and especially now 19:14 that were in tax season 19:15 there are audits that will be ongoing 19:17 throughout the course of the year 19:19 and are you're prepared for an audit 19:20 if one should come across your front porch? 19:24 What happens if an unexpected death 19:26 in the family that requires you to help pay funeral costs 19:29 and other expenses? 19:30 When my father passed away in Jamaica 19:35 we had to take care of those type of things 19:37 and it was tremendous type of burden 19:41 when you had to pay for certain things 19:43 that were not necessarily covered 19:45 through whatever programs and insurance packages 19:48 that he possibly had. 19:49 So those things can create a lot of burden and stress 19:52 on a family and create a lot of grid lock, 19:55 as well as confusion, as well as conflict. 19:57 Those are things that we have to watch carefully 20:00 and look at how we protect ourselves. 20:02 And then, of course, 20:04 unexpected medical expenses not fully covered by insurance. 20:09 And these crop up all the time, long-term care, 20:13 there are things that you need to be aware 20:15 to plan and prepare. 20:17 So how do you plane for this type of things? 20:22 Have you assessed where you are at 20:23 right now in your life? 20:26 Where is your finances right now? 20:29 What are you doing to assess your current debt? 20:32 Do you have debt, and if not, kudos to you. 20:35 I'm glad that you're in that much control, 20:37 but do you know how much your pay check 20:40 and revenue is in a monthly basis? 20:42 Do you know how much your expenses 20:44 are on a monthly basis? 20:46 Are you in a net profit situation 20:48 so you can utilize the savings mechanism 20:54 and to put money away 20:56 into an emergency savings package 20:58 so that you have those funds available 21:00 in case something comes up 21:03 that you are not quite prepared for? 21:05 Because count on it, 21:08 unexpected items always happen in life. 21:13 How much should you plan 21:15 to put away in an emergency savings program? 21:19 Emergencies happen all the time. 21:22 Job loss happens all the time. 21:25 Lack of funds happen all the time, 21:27 so what we're dealing with right now 21:29 is having something put away so that if you lose a job 21:31 and while you're looking for new job, 21:33 and hopefully you can find one relatively quickly, 21:35 you can tap into an emergency fund 21:39 that will carry you through this time of turmoil 21:43 or a time of challenge. 21:45 But many experts differ on their basic expectations of 21:52 what you should have put away in savings. 21:55 And I will not tell you that I have the answer in full, 22:00 but what I will do is tell you my recommendation is, 22:03 with the way things are in the economy now 22:06 I don't think that three to six months 22:08 is adequate enough to cover when you go through a job loss. 22:13 What I suggest is this if you do go through job loss, 22:17 your expectation should be 22:19 that you are probably be without a job 22:22 for approximately a year, maybe up to 18 months. 22:25 That's what the averages are at this point in time. 22:27 Now as the economy gets better 22:29 and more jobs are made available 22:31 it'll be easier and easier to get that job and quicker. 22:34 But I would suggest this, 22:36 in planning and in preparing for that type of emergency, 22:39 I think, that three to six months 22:41 maybe a little too limited at this point of time 22:45 and you can use that up relatively quickly. 22:47 Unless, of course, 22:49 you have other talents and skills 22:51 and you expand your horizons 22:53 and tap into a variety of different revenue streams. 22:56 If you teach piano, if you teach mechanics, 23:01 if you fix cars, 23:03 if you do other things on the side 23:05 that can help mitigate the use of that emergency fund, 23:09 then you are in a better setting 23:10 and it can help you get to where you need to go. 23:13 But that is my recommendation here 23:15 is I would say eight to ten months of savings 23:19 would work out a lot better 23:21 then if you had just three to six months. 23:22 But any type of savings is good. 23:26 And I recommend that you take a look at that. 23:29 So what they recommend 23:32 and I'll give you what's in writing 23:33 from several different gurus that are out there they say, 23:36 two to three months worth of take-home salary, 23:40 two to three months worth of take-home salary, 23:42 or six months worth of living expenses, 23:46 living expenses. 23:48 So to live what would be 23:50 you can live half of your savings for six months 23:55 without having to bring in additional revenue. 23:58 And I suggest that would be a better way of approaching it. 24:02 So six months of living expenses. 24:04 Start small and pay off debts 24:06 before building your three to six months 24:08 worth of living expenses. 24:09 So the first thing you must do I think 24:13 in preparation for any type of emergency 24:15 is getting rid of the debt 24:16 that you don't necessarily need to have. 24:18 And what is that? 24:19 Credit card debt, those type of debts 24:21 that you don't necessarily need such as, you know, 24:25 any type of overhead expense that you are not, 24:28 you'll necessarily utilize on an ongoing basis. 24:31 So strip down all of the expenses you have, 24:36 look at your budget and find out 24:38 what you need versus what you want. 24:41 Take care of all of those needs, 24:42 come to a place where you understand 24:44 where you're at with the paycheck 24:46 and how much revenue you coming in, 24:48 where you are with expenses 24:50 and understand how where the money is going. 24:52 And knowing that you have a certain amount of money, 24:54 you can put into savings 24:55 and allocate a certain amount for an emergency program 24:58 so when something happens you have the ability 25:01 to take care of that specific concern. 25:04 Now there is a slide that I like to put up 25:07 at this point in time that talks about 25:09 the consequences of poverty, 25:10 consequences of poverty. 25:12 And this is one of the slides or I think is very interesting 25:15 because it shares with us 25:16 that there are consequences to not planning. 25:20 Typically what happens when someone runs into a crisis 25:24 and a stress with finances, 25:26 as you see domestic violence 25:28 and anxiety happens within that family, 25:31 the stress typically takes on a different format 25:34 because then you see many other type of stress stories 25:37 type of happen in the family. 25:40 And then of number three 25:41 is mental and physical illness tends to happen. 25:44 Humiliation, a feeling of failure, alcoholism, 25:47 drug addiction, these are all things 25:50 that people deal with 25:55 when they're looking at going into poverty. 25:58 They are fighting through it, they can't find a job. 26:01 You find that what happens after that 26:02 is kind of juvenile delinquency prostitution. 26:06 Those types of things actually happen in families 26:08 that are going through this crisis. 26:10 Communities that are having these financial issues 26:13 and you can see pockets of them in underserved communities 26:16 having run-down communities you see tagging 26:18 and that's the biggest issue that that tends to lend 26:23 that there are other things 26:25 under the surface starting to happen. 26:26 When kids can't find work, when parents can't find work, 26:29 you see a lot of other activities 26:31 happening in the community, 26:32 Poor education is another key, 26:35 and then of course, community, violence 26:39 and unrest happens 26:40 and it can lead to premature death 26:42 as we talked about 26:43 by people stressing over Christmas Day issues. 26:47 And then did you know that monetary issues 26:52 can lead to wars and major conflict, 26:56 major conflict? 26:57 There are things that you should be aware of. 27:00 Because when you look at what loss of income 27:05 and lack of preparation for emergencies 27:09 and the inability to find work 27:12 and the stress that happens to the family environment, 27:15 you begin to understand 27:17 that this thing can be prevented 27:19 if we take a step back and plan and think. 27:23 And I keep going back to the basic issue of assessing 27:28 where you're at. 27:29 Write that down, where are you now. 27:31 Then take a look at what your budget is. 27:35 Do you have a budget? 27:36 And if you don't, 27:37 create a budget simple look at what I bring in, 27:41 and what I spent. 27:43 And with that you can better develop 27:47 a roadmap to success. 27:50 Because all of this has to do with 27:52 is understanding that you have the opportunity 27:56 to be successful 27:58 so take it to the bank and save. 27:59 I'll see you next time. Thanks, God bless. |
Revised 2017-05-22