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Dr. Robert Jeffress | What Parents Wish Their Children Knew About Money Part 1 | July 9, 2021
- ♪ MUSIC
- 00:00:00.223 --> 00:00:06.062
- [ANNOUNCER] FROM THE PULPIT OF THE FIRST
- 00:00:06.062 --> 00:00:07.397
- BAPTIST CHURCH OF DALLAS, TEXAS,
- 00:00:07.397 --> 00:00:09.432
- THIS IS PATHWAY TO VICTORY
- 00:00:09.432 --> 00:00:11.034
- WITH DR. ROBERT JEFFRESS.
- 00:00:11.034 --> 00:00:14.304
- HI, I'M ROBERT JEFFRESS,
- 00:00:14.304 --> 00:00:15.672
- AND WELCOME AGAIN TO PATHWAY TO VICTORY.
- 00:00:15.672 --> 00:00:18.508
- MANY OF TODAY'S YOUNG ADULTS
- 00:00:18.508 --> 00:00:19.943
- ARE STRUGGLING TO HOLD A JOB,
- 00:00:19.943 --> 00:00:21.945
- AND SOME MISHANDLED MONEY IN AN ALARMING MANNER.
- 00:00:21.945 --> 00:00:25.415
- AND WHILE SOME WOULD SIMPLY CALL THEM LAZY
- 00:00:25.415 --> 00:00:27.650
- OR FOOLISH, AND LEAVE IT AT THAT, I BELIEVE
- 00:00:27.650 --> 00:00:30.987
- PARENTS HAVE AN IMPORTANT ROLE TO PLAY
- 00:00:30.987 --> 00:00:33.356
- IN BREAKING THAT PATTERN.
- 00:00:33.356 --> 00:00:35.258
- AND SO TODAY I'M PRESENTING FIVE LESSONS
- 00:00:35.258 --> 00:00:37.927
- ABOUT MONEY THAT WE AS PARENTS NEED
- 00:00:37.927 --> 00:00:40.463
- TO PASS ALONG TO THE NEXT GENERATION.
- 00:00:40.463 --> 00:00:43.299
- MY MESSAGE IS TITLED, WHAT PARENTS WISH
- 00:00:43.299 --> 00:00:46.202
- THEIR CHILDREN KNEW ABOUT MONEY,
- 00:00:46.202 --> 00:00:48.471
- ON TODAY'S EDITION OF PATHWAY TO VICTORY.
- 00:00:48.471 --> 00:00:51.741
- (AIR WHOOSHING)
- 00:00:51.741 --> 00:00:58.648
- [ANNOUNCER] AT THIS CRUCIAL TIME IN OUR NATION
- 00:00:58.648 --> 00:01:00.483
- AND WORLD PEOPLE ARE DESPERATELY SEARCHING
- 00:01:00.483 --> 00:01:02.919
- FOR TRUTH, FEARING THEIR FUTURE.
- 00:01:02.919 --> 00:01:05.188
- WE HEAR THEIR URGENT CRY FOR HOPE,
- 00:01:05.188 --> 00:01:07.624
- AND GOD IS CLEARLY CALLING PATHWAY TO VICTORY
- 00:01:07.624 --> 00:01:10.126
- TO DELIVER THE ONLY ANSWER THAT TRULY SATISFIES.
- 00:01:10.126 --> 00:01:13.296
- YOU CAN HELP US PROCLAIM THE ENDURING HOPE
- 00:01:13.296 --> 00:01:15.565
- AND TRUTH OF GOD'S WORD THROUGH
- 00:01:15.565 --> 00:01:17.367
- THE GOSPEL HOPE MATCHING CHALLENGE.
- 00:01:17.367 --> 00:01:19.736
- EVERY DOLLAR YOU GIVE BETWEEN NOW
- 00:01:19.736 --> 00:01:21.404
- AND JULY 4TH WILL BE MATCHED.
- 00:01:21.404 --> 00:01:23.439
- JOIN US IN THIS ENDEAVOR TO SHARE THE HOPE
- 00:01:23.439 --> 00:01:25.909
- OF THE GOSPEL WITH DOUBLE THE IMPACT.
- 00:01:25.909 --> 00:01:29.946
- ♪ MUSIC
- 00:01:29.946 --> 00:01:36.486
- THROUGHOUT THE BIBLE, THERE'S AN ADMONITION
- 00:01:36.486 --> 00:01:38.321
- FOR PARENTS TO TEACH THEIR CHILDREN WISDOM.
- 00:01:38.321 --> 00:01:41.758
- PROVERBS 4:1-5, WE DON'T HAVE TIME TO LOOK AT IT,
- 00:01:41.758 --> 00:01:45.795
- BUT IN VERSE 3, IT SAYS, SOLOMON SAID,
- 00:01:45.795 --> 00:01:48.464
- "WHEN I WAS A SON TO MY FATHER,
- 00:01:48.464 --> 00:01:50.200
- TENDER AND THE ONLY SON, IN THE SIDE OF MY MOTHER,
- 00:01:50.200 --> 00:01:53.336
- THEN MY FATHER TAUGHT ME AND SAID TO ME,
- 00:01:53.336 --> 00:01:55.672
- "LET YOUR HEART HOLD FAST MY WORDS,
- 00:01:55.672 --> 00:01:58.508
- KEEP MY COMMANDMENTS AND LIVE, ACQUIRE WISDOM."
- 00:01:58.508 --> 00:02:04.013
- WHAT IS WISDOM?
- 00:02:04.013 --> 00:02:05.748
- SOMEBODY HAS DEFINED WISDOM THIS WAY,
- 00:02:05.748 --> 00:02:08.318
- WISDOM IS THE SKILL TO LIVE LIFE.
- 00:02:08.318 --> 00:02:12.255
- ACCORDING TO GOD'S PLAN.
- 00:02:12.255 --> 00:02:14.591
- THE WISDOM TO LIVE LIFE ACCORDING TO GOD'S PLAN.
- 00:02:14.591 --> 00:02:17.327
- IN THE OLD TESTAMENT, HEBREW, THE WORD WISDOM
- 00:02:17.327 --> 00:02:21.030
- CHOKMAH , IS USED IN EXODUS 28:3,
- 00:02:21.030 --> 00:02:27.203
- IT'S USED TO REFER TO A GROUP OF PEOPLE
- 00:02:27.203 --> 00:02:29.305
- WHO WERE SUPPOSED TO MAKE THE PRIESTLY GARMENTS
- 00:02:29.305 --> 00:02:32.242
- THAT AARON, THE HIGH PRIEST WOULD WEAR.
- 00:02:32.242 --> 00:02:34.944
- AND GOD HAD A VERY SPECIFIC BLUEPRINT
- 00:02:34.944 --> 00:02:37.747
- FOR HOW THOSE GARMENTS WERE TO BE MADE.
- 00:02:37.747 --> 00:02:40.283
- AND EXODUS 28:3 SAYS, "THE WEAVERS WERE IMBUED
- 00:02:40.283 --> 00:02:44.087
- WITH WISDOM TO SKILLFULLY MAKE THOSE GARMENTS."
- 00:02:44.087 --> 00:02:48.391
- THEY HAD THE SKILL TO FOLLOW
- 00:02:48.391 --> 00:02:49.826
- GOD'S PATTERN FOR THAT GARMENT.
- 00:02:49.826 --> 00:02:52.862
- WELL, FOR US WISDOM IS THE SKILL
- 00:02:52.862 --> 00:02:54.864
- TO FOLLOW GOD'S PATTERN, HIS BLUEPRINT
- 00:02:54.864 --> 00:02:57.800
- FOR EVERY AREA OF LIFE.
- 00:02:57.800 --> 00:02:59.902
- FOR OUR MARRIAGES, FOR OUR WORK, FOR OUR RELATIONSHIPS,
- 00:02:59.902 --> 00:03:04.507
- FOR EVERY PART OF OUR LIFE, INCLUDING THE AREA
- 00:03:04.507 --> 00:03:08.244
- OF LIFE WE'RE GOING TO TALK ABOUT TODAY.
- 00:03:08.244 --> 00:03:10.847
- I KNOW YOU'RE WONDERING, WHERE IS ALL THIS GOING?
- 00:03:10.847 --> 00:03:13.750
- WELL, TODAY HAS BEEN ON THE CALENDAR FOR A YEAR,
- 00:03:13.750 --> 00:03:16.953
- AS OUR ANNUAL STEWARDSHIP MESSAGE.
- 00:03:16.953 --> 00:03:20.423
- NOW, DON'T RUN FOR THE EXITS,
- 00:03:20.423 --> 00:03:21.891
- USHERS LOCK THE DOORS, PLEASE FOR JUST A MOMENT.
- 00:03:21.891 --> 00:03:26.329
- BEFORE YOU GET DEFENSIVE ABOUT THAT,
- 00:03:26.329 --> 00:03:30.033
- UNDERSTAND THAT GIVING TO THE LORD IS JUST
- 00:03:30.033 --> 00:03:33.269
- ONE ASPECT OF A BIGGER SUBJECT
- 00:03:33.269 --> 00:03:36.706
- THAT WE'RE GOING TO TALK ABOUT TODAY,
- 00:03:36.706 --> 00:03:38.574
- AND THAT'S HOW WE HANDLE MONEY OVERALL.
- 00:03:38.574 --> 00:03:42.278
- YOU KNOW, THE BIBLE HAS A GREAT DEAL TO SAY
- 00:03:42.278 --> 00:03:44.514
- ABOUT GOD'S BLUEPRINT PATTERN
- 00:03:44.514 --> 00:03:46.749
- FOR HOW WE HANDLE OUR MONEY,
- 00:03:46.749 --> 00:03:49.052
- AND THAT'S ONE AREA WE NEED WISDOM IN.
- 00:03:49.052 --> 00:03:53.323
- YOU KNOW, THE SKILL TO HANDLE MONEY WISELY IS KEY
- 00:03:53.323 --> 00:03:57.293
- TO LIVING SUCCESSFULLY IN THIS LIFE,
- 00:03:57.293 --> 00:03:59.829
- BUT IT'S ALSO A KEY FOR LIVING WELL
- 00:03:59.829 --> 00:04:01.631
- IN THE NEXT LIFE.
- 00:04:01.631 --> 00:04:02.832
- DID YOU KNOW HOW WE HANDLE OUR MONEY
- 00:04:02.832 --> 00:04:04.567
- IN THIS LIFE, JESUS SAID, IS A TEST
- 00:04:04.567 --> 00:04:07.837
- FOR HOW WE'RE GOING TO HANDLE TRUE RICHES
- 00:04:07.837 --> 00:04:11.207
- AND RESPONSIBILITIES IN THE NEXT LIFE.
- 00:04:11.207 --> 00:04:14.711
- ONE OF THE MOST IMPORTANT SKILLS
- 00:04:14.711 --> 00:04:16.913
- WE CAN DEVELOP IN OUR CHRISTIAN LIFE IS
- 00:04:16.913 --> 00:04:20.316
- HANDLING OUR MONEY ACCORDING TO GOD'S PLAN,
- 00:04:20.316 --> 00:04:23.519
- AND PASSING THAT WISDOM ON TO OUR CHILDREN,
- 00:04:23.519 --> 00:04:26.856
- AND TO OUR CHILDREN'S CHILDREN.
- 00:04:26.856 --> 00:04:29.025
- AND THAT'S WHAT WE'RE GOING TO LOOK AT TODAY.
- 00:04:29.025 --> 00:04:32.028
- I DECIDED TO TITLE TODAY'S MESSAGE,
- 00:04:32.028 --> 00:04:35.164
- WHAT PARENTS WISH THEIR CHILDREN KNEW ABOUT MONEY.
- 00:04:35.164 --> 00:04:40.069
- I MEAN, IF YOU WERE TO SIT DOWN AND SAY,
- 00:04:40.069 --> 00:04:42.171
- YOU KNOW, CHILD, GRANDCHILD, I DON'T WANT YOU
- 00:04:42.171 --> 00:04:44.340
- TO MAKE THE SAME MISTAKES THAT I MADE,
- 00:04:44.340 --> 00:04:46.242
- THIS IS WHAT I REALLY WISH YOU WOULD LEARN
- 00:04:46.242 --> 00:04:48.578
- ABOUT MONEY SO THAT YOU DON'T REMAIN A LEECH
- 00:04:48.578 --> 00:04:52.682
- ON ME FOR THE REST OF MY NO, NO, NO DAD, NO, NO.
- 00:04:52.682 --> 00:04:55.885
- NOW, PROVERBS TALKS ABOUT THE TWO CHILDREN,
- 00:04:55.885 --> 00:04:58.221
- LEACH AND LEACH KEPT SUCKING THEIR PARENTS
- 00:04:58.221 --> 00:05:01.190
- DRY OUT OF MONEY.
- 00:05:01.190 --> 00:05:02.358
- BUT, SO THOSE ARE SELFISH REASON
- 00:05:02.358 --> 00:05:04.093
- FOR YOU TO PASS THIS ALONG TO YOUR CHILDREN.
- 00:05:04.093 --> 00:05:06.262
- BUT IT'S ALSO A PART OF OUR RESPONSIBILITY
- 00:05:06.262 --> 00:05:08.731
- TO PASS THESE LESSONS.
- 00:05:08.731 --> 00:05:09.999
- SO TODAY IN THE FEW MINUTES THAT WE HAVE
- 00:05:09.999 --> 00:05:11.968
- I'D LIKE TO TALK ABOUT FIVE LESSONS
- 00:05:11.968 --> 00:05:14.504
- ABOUT MONEY THAT WE AS PARENTS NEED TO IMPART
- 00:05:14.504 --> 00:05:17.507
- TO OUR CHILDREN AND OUR CHILDREN'S CHILDREN.
- 00:05:17.507 --> 00:05:20.343
- AND I'VE MARKED EACH OF THESE PRINCIPLES,
- 00:05:20.343 --> 00:05:22.845
- I'VE GIVEN IT A RHYME THAT MIGHT HELP YOU
- 00:05:22.845 --> 00:05:26.215
- REMEMBER IT A LITTLE BIT MORE.
- 00:05:26.215 --> 00:05:27.750
- FIRST OF ALL, IN THE AREA OF EARNING.
- 00:05:27.750 --> 00:05:31.120
- EARNING MONEY'S IMPORTANT, ISN'T IT?
- 00:05:31.120 --> 00:05:32.955
- HERE'S THE LITTLE LESS SAYING
- 00:05:32.955 --> 00:05:34.323
- I WANT YOU TO REMEMBER.
- 00:05:34.323 --> 00:05:35.792
- YOUR JOB IS A GIFT FROM GOD.
- 00:05:35.792 --> 00:05:38.828
- WOULD YOU SAY THAT WITH ME.
- 00:05:38.828 --> 00:05:40.129
- YOUR JOB IS A GIFT FROM GOD.
- 00:05:40.129 --> 00:05:44.000
- I WANT YOU TO IMAGINE, AND I KNOW YOU WOULD HAVE
- 00:05:44.000 --> 00:05:45.935
- TO IMAGINE THIS THAT YOU BOUGHT A LOTTERY TICKET.
- 00:05:45.935 --> 00:05:48.070
- NOBODY BUYS A LOTTERY TICKET HERE, RIGHT?
- 00:05:48.070 --> 00:05:51.207
- (CONGREGATION LAUGHS)
- 00:05:51.207 --> 00:05:52.742
- BUT, LET'S JUST ASSUME THAT IN A MOMENT
- 00:05:52.742 --> 00:05:54.410
- OF WEAKNESS YOU DID, AND FOUND OUT YOU WON
- 00:05:54.410 --> 00:05:58.214
- THE JACKPOT, $3 MILLION.
- 00:05:58.214 --> 00:06:02.852
- YOU'D FEEL PRETTY GOOD, WOULDN'T YOU?
- 00:06:02.852 --> 00:06:04.921
- YOU'D PROBABLY START THINKING, WHAT AM I
- 00:06:04.921 --> 00:06:06.255
- GOING TO DO WITH THIS NEWFOUND WEALTH?
- 00:06:06.255 --> 00:06:09.292
- WELL, I'VE GOT GREAT NEWS FOR YOU TODAY,
- 00:06:09.292 --> 00:06:13.763
- YOU'VE ALREADY WON THE JACKPOT,
- 00:06:13.763 --> 00:06:15.198
- AND PROBABLY DON'T EVEN REALIZE IT.
- 00:06:15.198 --> 00:06:17.667
- DID YOU KNOW THAT?
- 00:06:17.667 --> 00:06:19.035
- YOU'VE WON A MULTI-MILLION DOLLAR JACKPOT,
- 00:06:19.035 --> 00:06:23.039
- IT'S CALLED YOUR JOB, YOUR JOB.
- 00:06:23.039 --> 00:06:28.010
- THINK ABOUT IT, JUST LIKE YOUR SALARY
- 00:06:28.010 --> 00:06:32.215
- THAT GETS PAID IN INSTALLMENTS,
- 00:06:32.215 --> 00:06:34.617
- THE JACKPOT IS PAID IN INSTALLMENTS.
- 00:06:34.617 --> 00:06:36.619
- USUALLY DON'T TAKE IT ALL AT ONCE,
- 00:06:36.619 --> 00:06:38.221
- YOU GET IT IN MONTHLY PAYMENTS
- 00:06:38.221 --> 00:06:39.522
- OVER A NUMBER OF YEARS,
- 00:06:39.522 --> 00:06:40.723
- IT'S THE SAME WAY WITH YOUR JOB.
- 00:06:40.723 --> 00:06:42.725
- YOUR JOB HAS PAY OUT TO IT, EVERY MONTH,
- 00:06:42.725 --> 00:06:44.994
- IT'S CALLED YOUR SALARY.
- 00:06:44.994 --> 00:06:47.396
- NOW, JUST THINK ABOUT HOW MUCH THAT ADDS
- 00:06:47.396 --> 00:06:49.632
- UP TO OVER A PERIOD OF YEARS.
- 00:06:49.632 --> 00:06:51.634
- LET'S JUST SAY YOU AND OR YOUR MATE
- 00:06:51.634 --> 00:06:54.270
- MAKE AN AVERAGE OF $70.000 COMBINED,
- 00:06:54.270 --> 00:06:58.140
- MULTIPLY THAT TIMES 40 YEARS OF WORKING,
- 00:06:58.140 --> 00:07:01.377
- THAT'S ABOUT $3 MILLION THAT YOU'RE GOING TO RECEIVE.
- 00:07:01.377 --> 00:07:05.781
- SOME OF YOU MAY MAKE LESS THAN THAT,
- 00:07:05.781 --> 00:07:07.717
- SOME OF YOU MAY MAKE MORE THAN THAT.
- 00:07:07.717 --> 00:07:09.552
- TAKE WHATEVER YOUR COMBINED HOUSEHOLD INCOME IS,
- 00:07:09.552 --> 00:07:12.321
- MULTIPLY IT BY 40, AND THAT'S HOW MUCH
- 00:07:12.321 --> 00:07:14.924
- MONEY IS GOING TO BE YOURS.
- 00:07:14.924 --> 00:07:17.894
- AND BY THE WAY THAT JACKPOT
- 00:07:17.894 --> 00:07:19.795
- CALLED YOUR JOB IS A GIFT FROM GOD.
- 00:07:19.795 --> 00:07:23.132
- DID YOU KNOW THAT?
- 00:07:23.132 --> 00:07:24.367
- THE ABILITY TO MAKE MONEY,
- 00:07:24.367 --> 00:07:26.335
- TO HAVE A JOB COMES FROM GOD.
- 00:07:26.335 --> 00:07:27.904
- DEUTERONOMY 8:18 SAYS, "BUT YOU SHALL REMEMBER
- 00:07:27.904 --> 00:07:31.607
- THE LORD, YOUR GOD, FOR IT IS HE
- 00:07:31.607 --> 00:07:34.310
- WHO IS GIVING YOU THE POWER TO MAKE WEALTH,
- 00:07:34.310 --> 00:07:37.246
- THAT HE MAY CONFIRM HIS COVENANT
- 00:07:37.246 --> 00:07:39.682
- WHICH HE SWORE TO YOUR FATHERS,
- 00:07:39.682 --> 00:07:41.918
- AS IT IS THIS DAY."
- 00:07:41.918 --> 00:07:45.154
- DOES GOD WANT TO PROVIDE FOR OUR NEEDS?
- 00:07:45.154 --> 00:07:47.089
- OF COURSE, HE DOES.
- 00:07:47.089 --> 00:07:48.758
- THE WAY HE PROVIDES FOR OUR NEEDS IS THROUGH
- 00:07:48.758 --> 00:07:51.394
- THE JOB THAT HE GIVES US.
- 00:07:51.394 --> 00:07:53.729
- AND THAT'S WHY ONE OF THE MOST IMPORTANT LESSONS
- 00:07:53.729 --> 00:07:55.965
- WE CAN TEACH OUR CHILDREN IS TO VIEW THEIR JOBS
- 00:07:55.965 --> 00:07:58.901
- AS A GIFT FROM GOD, AND TO MAXIMIZE
- 00:07:58.901 --> 00:08:01.370
- THAT OPPORTUNITY AND MAXIMIZE THAT WEALTH
- 00:08:01.370 --> 00:08:04.407
- HE WANTS TO TRANSFER TO US.
- 00:08:04.407 --> 00:08:06.509
- IN PROVERBS 10:4, SOLOMON TALKS
- 00:08:06.509 --> 00:08:09.245
- OFTEN ABOUT THE RELATIONSHIP
- 00:08:09.245 --> 00:08:11.213
- BETWEEN HARD WORK AND PROSPERITY.
- 00:08:11.213 --> 00:08:14.850
- PROVERBS 10:4, "POOR IS HE WHO WORKS
- 00:08:14.850 --> 00:08:17.587
- WITH A NEGLIGENT HAND, BUT THE HAND
- 00:08:17.587 --> 00:08:20.089
- OF THE DILIGENT MAKES RICH."
- 00:08:20.089 --> 00:08:23.092
- PROVERBS 14:23, "IN ALL LABOR, THERE IS PROFIT,
- 00:08:23.092 --> 00:08:29.265
- BUT MERE TALK LEADS ONLY TO POVERTY."
- 00:08:29.265 --> 00:08:31.701
- THAT WORD TRANSLATED LABOR IN PROVERBS 14:23,
- 00:08:31.701 --> 00:08:35.504
- MEANS TOILSOME LABOR.
- 00:08:35.504 --> 00:08:38.441
- IT'S THE KIND OF WORK THAT MAKES YOU
- 00:08:38.441 --> 00:08:40.643
- DRIP WITH PERSPIRATION.
- 00:08:40.643 --> 00:08:42.745
- THE KIND OF WORK THAT REQUIRES
- 00:08:42.745 --> 00:08:44.313
- SO MUCH FOCUS AND CONCENTRATION
- 00:08:44.313 --> 00:08:46.716
- THAT IT DRAINS YOU PHYSICALLY AND EMOTIONALLY.
- 00:08:46.716 --> 00:08:50.319
- THAT'S HOW WE'RE TO PERFORM OUR WORK
- 00:08:50.319 --> 00:08:52.722
- IF WE'RE GOING TO SUCCEED IN OUR WORK.
- 00:08:52.722 --> 00:08:56.025
- I REMEMBER ONCE I GOT UP ONE MORNING
- 00:08:56.025 --> 00:08:58.227
- AND I STARTED GROANING AND SAID,
- 00:08:58.227 --> 00:09:00.029
- "OH I JUST CAN'T BELIEVE HOW MUCH
- 00:09:00.029 --> 00:09:02.064
- I HAVE TO DO TODAY."
- 00:09:02.064 --> 00:09:04.867
- AND AMY IN HER COMPASSIONATE WAY SAID,
- 00:09:04.867 --> 00:09:06.769
- "YOU OUGHT TO BE GRATEFUL YOU HAVE THE HEALTH
- 00:09:06.769 --> 00:09:08.671
- TO BE ABLE TO GO TO WORK AND DO
- 00:09:08.671 --> 00:09:10.239
- WHAT YOU NEED TO DO TODAY."
- 00:09:10.239 --> 00:09:11.807
- AND, YOU KNOW, SHE WAS EXACTLY RIGHT,
- 00:09:11.807 --> 00:09:14.076
- I MEAN, IT IS A GIFT NOT A CURSE TO BE ABLE
- 00:09:14.076 --> 00:09:17.380
- TO WORK AND TO WORK HARD.
- 00:09:17.380 --> 00:09:20.549
- AND ONE OF THE BEST LESSONS WE CAN TEACH
- 00:09:20.549 --> 00:09:23.019
- OUR CHILDREN ABOUT WORK IS WORK IS A GIFT,
- 00:09:23.019 --> 00:09:26.989
- NOT A CURSE FROM GOD.
- 00:09:26.989 --> 00:09:28.557
- AND WE OUGHT TO MAXIMIZE OUR JOB OPPORTUNITY.
- 00:09:28.557 --> 00:09:32.595
- THERE'S A SECOND LESSON THOUGH,
- 00:09:32.595 --> 00:09:34.196
- ABOUT WORK THAT WE NEED TO LEARN.
- 00:09:34.196 --> 00:09:38.401
- YOU KNOW, I JUST SAID A FEW MOMENTS AGO
- 00:09:38.401 --> 00:09:40.770
- IN YOUR LIFETIME YOU'RE GOING TO HAVE
- 00:09:40.770 --> 00:09:42.538
- MILLIONS OF DOLLARS PASS THROUGH YOUR HANDS,
- 00:09:42.538 --> 00:09:46.942
- AINT THAT A PHENOMENAL THING?
- 00:09:46.942 --> 00:09:48.244
- YOU'RE GOING TO HAVE MILLIONS OF DOLLARS
- 00:09:48.244 --> 00:09:49.745
- PASS THROUGH YOUR HANDS,
- 00:09:49.745 --> 00:09:51.013
- BUT THAT'S THE PROBLEM, ISN'T IT?
- 00:09:51.013 --> 00:09:52.682
- IT PASSES THROUGH YOUR HANDS.
- 00:09:52.682 --> 00:09:56.619
- YOU HOLD ON TO VERY LITTLE OF IT.
- 00:09:56.619 --> 00:09:59.221
- SOLOMON EXPRESS THAT TRUTH IN PROVERBS 23:5,
- 00:09:59.221 --> 00:10:02.858
- WHEN HE SAID, "CAST BUT A GLANCE AT RICHES, AND IT'S GONE.
- 00:10:02.858 --> 00:10:06.929
- FOR WEALTH WILL SURELY SPROUT WINGS
- 00:10:06.929 --> 00:10:09.665
- AND FLY OFF TO THE SKY LIKE AN EAGLE."
- 00:10:09.665 --> 00:10:13.736
- AND THAT'S WHY IF WE'RE GOING TO HANDLE MONEY WELL
- 00:10:13.736 --> 00:10:17.139
- WE HAVE TO LEARN A SECOND TRUTH ABOUT MONEY,
- 00:10:17.139 --> 00:10:19.075
- AND IT RELATES TO THE AREA OF SPENDING.
- 00:10:19.075 --> 00:10:23.112
- HOW DO YOU HOLD ONTO MORE OF THAT MONEY,
- 00:10:23.112 --> 00:10:24.847
- AND DON'T LET IT SLIP THROUGH YOUR HANDS?
- 00:10:24.847 --> 00:10:27.516
- HERE'S THE SAYING I WANT YOU TO REMEMBER.
- 00:10:27.516 --> 00:10:30.519
- WANTING MORE IS THE KEY TO BECOMING POOR.
- 00:10:30.519 --> 00:10:34.190
- WOULD YOU SAY THAT WITH ME.
- 00:10:34.190 --> 00:10:35.758
- WANTING MORE IS THE KEY TO BECOMING POOR.
- 00:10:35.758 --> 00:10:40.096
- THINK ABOUT THIS, IT DOESN'T MATTER
- 00:10:40.096 --> 00:10:41.731
- WHAT YOUR SALARY IS, IT DOESN'T MATTER
- 00:10:41.731 --> 00:10:44.200
- HOW MUCH MONEY YOU HAVE IN THE BANK,
- 00:10:44.200 --> 00:10:46.202
- IT DOESN'T MATTER HOW MUCH STUFF
- 00:10:46.202 --> 00:10:47.703
- YOU'VE ACCUMULATED, IF YOU DON'T THINK
- 00:10:47.703 --> 00:10:49.805
- IT'S ENOUGH IN YOUR MIND, YOU'RE POOR,
- 00:10:49.805 --> 00:10:53.375
- YOU'RE LACKING.
- 00:10:53.375 --> 00:10:55.578
- YOU KNOW, THERE IS FASCINATING BOOK
- 00:10:55.578 --> 00:10:57.680
- THAT CAME OUT A FEW YEARS AGO
- 00:10:57.680 --> 00:10:58.981
- CALLED THE OVER SPENT AMERICAN.
- 00:10:58.981 --> 00:11:02.118
- IT WAS BY A HARVARD SOCIOLOGIST NAMED JULIET SCHOR,
- 00:11:02.118 --> 00:11:05.721
- AND SHE TALKED ABOUT HOW SPENDING HABITS
- 00:11:05.721 --> 00:11:07.823
- IN AMERICANS HAVE CHANGED THROUGH THE DECADES.
- 00:11:07.823 --> 00:11:11.660
- SHE SAID BACK IN THE FIFTIES AND SIXTIES,
- 00:11:11.660 --> 00:11:15.598
- AMERICANS HAD A STANDARD OF LIVING
- 00:11:15.598 --> 00:11:17.500
- BY WHICH THEY MEASURED THEMSELVES,
- 00:11:17.500 --> 00:11:20.236
- AND IT WAS THEIR NEIGHBORS.
- 00:11:20.236 --> 00:11:22.738
- I MEAN, IF THEIR NEIGHBOR BOUGHT
- 00:11:22.738 --> 00:11:23.939
- A NEW WASHING MACHINE, THEY FELT LIKE
- 00:11:23.939 --> 00:11:26.242
- THEY HAD TO BUY A NEW WASHING MACHINE.
- 00:11:26.242 --> 00:11:28.744
- IF THEIR NEIGHBOR BOUGHT A NEW CAR,
- 00:11:28.744 --> 00:11:30.746
- THEY FELT LIKE THEY NEEDED TO BUY A NEW CAR.
- 00:11:30.746 --> 00:11:33.849
- THEIR NEIGHBORS WERE THE STANDARD
- 00:11:33.849 --> 00:11:35.618
- BY WHICH THEY JUDGED HOW CONTENT
- 00:11:35.618 --> 00:11:38.354
- THEY WERE OR SATISFIED.
- 00:11:38.354 --> 00:11:41.157
- IN FACT, WE HAD A SAYING FOR IT BACK THEN.
- 00:11:41.157 --> 00:11:42.491
- I BET SOME OF YOU REMEMBER IT,
- 00:11:42.491 --> 00:11:44.193
- KEEPING UP WITH THE JONESES.
- 00:11:44.193 --> 00:11:47.096
- REMEMBER THAT?
- 00:11:47.096 --> 00:11:48.364
- THE JONESES WHERE YOUR NEXT DOOR NEIGHBOR,
- 00:11:48.364 --> 00:11:50.199
- YOU MEASURED YOUR WELLBEING BY THEM.
- 00:11:50.199 --> 00:11:52.301
- THAT'S NOT OUR STANDARD TODAY, THE SOCIOLOGIST SAYS,
- 00:11:52.301 --> 00:11:56.305
- WE NO LONGER MEASURE OUR CONTENTMENT
- 00:11:56.305 --> 00:11:59.575
- WITH OUR NEIGHBORS BECAUSE WE DON'T
- 00:11:59.575 --> 00:12:01.477
- KNOW OUR NEIGHBORS.
- 00:12:01.477 --> 00:12:03.546
- WE DON'T KNOW IF THEIR NAMES IS JONES,
- 00:12:03.546 --> 00:12:05.247
- OR SMITH, OR WHATEVER IT IS.
- 00:12:05.247 --> 00:12:07.349
- WE HAVE A NEW STANDARD THAT WE USE
- 00:12:07.349 --> 00:12:09.151
- TO MEASURE HOW WELL WE'RE DOING.
- 00:12:09.151 --> 00:12:11.887
- IT'S WHAT WE SEE ON TELEVISION,
- 00:12:11.887 --> 00:12:13.856
- OR WHAT WE SEE ON THE INTERNET AND THESE ADS.
- 00:12:13.856 --> 00:12:17.026
- WE LOOK AT THE LIFESTYLES OF PEOPLE
- 00:12:17.026 --> 00:12:19.161
- WHO ARE EARNING 10 TIMES, A HUNDRED TIMES
- 00:12:19.161 --> 00:12:21.530
- A THOUSAND TIMES, WHAT WE ARE
- 00:12:21.530 --> 00:12:23.899
- THAT BECOMES THE STANDARD,
- 00:12:23.899 --> 00:12:26.001
- AND IT'S AN UNREALISTIC STANDARD.
- 00:12:26.001 --> 00:12:28.404
- AND SO AMERICANS PLUNGED THEMSELVES
- 00:12:28.404 --> 00:12:30.439
- INTO DEBT TRYING TO MAINTAIN
- 00:12:30.439 --> 00:12:32.675
- AN UNREALISTIC LEVEL OF LIVING.
- 00:12:32.675 --> 00:12:36.946
- AND THAT'S WHY ONE OF THE MOST IMPORTANT THINGS
- 00:12:36.946 --> 00:12:40.015
- PARENTS, WE CAN TEACH OUR CHILDREN IS THIS,
- 00:12:40.015 --> 00:12:43.285
- THAT IS, THERE WILL ALWAYS BE SOMEBODY
- 00:12:43.285 --> 00:12:45.955
- WITH MORE THAN YOU HAVE.
- 00:12:45.955 --> 00:12:47.957
- THERE'LL WILL ALWAYS BE SOMEBODY
- 00:12:47.957 --> 00:12:49.358
- WHO HAS FANCIER CLOTHES,
- 00:12:49.358 --> 00:12:51.794
- A NICER CAR, A LARGER HOUSE,
- 00:12:51.794 --> 00:12:56.098
- THERE'LL ALWAYS BE SOMEBODY UP
- 00:12:56.098 --> 00:12:58.701
- THE ORGANIZATIONAL LADDER FROM YOU ARE
- 00:12:58.701 --> 00:13:00.436
- WHO'S EARNING MORE MONEY THAN YOU ARE,
- 00:13:00.436 --> 00:13:02.605
- THEY'LL ALWAYS BE SOMEBODY WITH MORE.
- 00:13:02.605 --> 00:13:07.209
- LET ME JUST THINK ABOUT IT,
- 00:13:07.209 --> 00:13:08.811
- OF THE 400 WEALTHIEST AMERICANS ON THE FORBES,
- 00:13:08.811 --> 00:13:11.947
- 400 LIST, 399 OF THEM ARE LOOKING
- 00:13:11.947 --> 00:13:15.150
- AT SOMEBODY WHO HAS MORE THAN THEY DO.
- 00:13:15.150 --> 00:13:18.320
- AND THAT'S WHY YOU CAN'T ALLOW WHAT OTHERS HAVE
- 00:13:18.320 --> 00:13:21.156
- TO BE YOUR BAROMETER OF CONTENTMENT.
- 00:13:21.156 --> 00:13:24.426
- LIKE HORTON FROM DR. SEUSS,
- 00:13:24.426 --> 00:13:26.695
- WE HAVE TO LEARN TO BE ABLE TO SAY,
- 00:13:26.695 --> 00:13:28.664
- ENOUGH IS ENOUGH, I'VE HAD ENOUGH.
- 00:13:28.664 --> 00:13:32.701
- YOU KNOW WHAT THE KEY TO SATISFACTION
- 00:13:32.701 --> 00:13:34.536
- IN LIFE IS, IT ISN'T SPELLED M O R E ,
- 00:13:34.536 --> 00:13:38.007
- IT'S SPELLED E N O U G H, ENOUGH.
- 00:13:38.007 --> 00:13:42.778
- LEARN WHEN ENOUGH IS ENOUGH.
- 00:13:42.778 --> 00:13:46.348
- I CAME ACROSS THESE WORDS FROM GAIUS LUCILIUS,
- 00:13:46.348 --> 00:13:50.352
- HE WROTE, "IT IS NOT THE MAN WHO HAS TOO LITTLE
- 00:13:50.352 --> 00:13:54.156
- WHO IS POOR BUT THE ONE WHO HANKERS AFTER MORE.
- 00:13:54.156 --> 00:13:58.928
- WHAT DIFFERENCE DOES IT MAKE?
- 00:13:58.928 --> 00:14:00.229
- HOW MUCH THERE IS LAID AWAY
- 00:14:00.229 --> 00:14:01.630
- IN A MAN'S SAFE, OR IN HIS BARN?
- 00:14:01.630 --> 00:14:04.700
- HOW MUCH HEAD OF STOCK HE GRAZES
- 00:14:04.700 --> 00:14:07.036
- OR HOW MUCH MONEY HE PUTS OUT IN INTEREST?
- 00:14:07.036 --> 00:14:09.872
- IF HE IS ALWAYS AFTER WHAT IS ANOTHER'S,
- 00:14:09.872 --> 00:14:13.342
- AND ONLY COUNTS WHAT HE HAS YET TO GET,
- 00:14:13.342 --> 00:14:17.579
- NEVER WHAT HE ALREADY HAS."
- 00:14:17.579 --> 00:14:21.150
- THERE'S REAL WISDOM IN THAT.
- 00:14:21.150 --> 00:14:23.452
- PAUL EXPRESSED IT THIS WAY IN 1 TIMOTHY 6:6-8,
- 00:14:23.452 --> 00:14:28.324
- "FOR GODLINESS ACTUALLY IS A MEANS OF GREAT GAIN,
- 00:14:28.324 --> 00:14:32.227
- WHEN ACCOMPANIED BY CONTENTMENT.
- 00:14:32.227 --> 00:14:34.463
- FOR WE HAVE BROUGHT NOTHING INTO THE WORLD,
- 00:14:34.463 --> 00:14:36.732
- SO WE CANNOT TAKE ANYTHING OUT OF IT EITHER.
- 00:14:36.732 --> 00:14:39.468
- AND IF WE HAVE FOOD AND COVERING,
- 00:14:39.468 --> 00:14:42.538
- WITH THESE WE SHALL BE CONTENT."
- 00:14:42.538 --> 00:14:46.475
- ISN'T THAT INTERESTING?
- 00:14:46.475 --> 00:14:47.409
- PAUL SAYS, IF YOU KNOW WHERE
- 00:14:47.409 --> 00:14:49.111
- YOUR NEXT MEAL IS COMING FROM,
- 00:14:49.111 --> 00:14:52.081
- IF YOU HAVE A PLACE TO SLEEP TONIGHT,
- 00:14:52.081 --> 00:14:54.883
- THAT'S COVERED, YOU CAN BE CONTENT.
- 00:14:54.883 --> 00:14:58.520
- ANYTHING ELSE IS GRAVY ADDED ON TOP OF THAT.
- 00:14:58.520 --> 00:15:02.791
- A KEY TO SPENDING IS UNDERSTANDING THE TRUTH
- 00:15:02.791 --> 00:15:05.194
- THAT WANTING MORE IS A KEY TO BECOMING POOR.
- 00:15:05.194 --> 00:15:11.367
- THIRD, AND THIS IS CLOSELY RELATED,
- 00:15:11.367 --> 00:15:13.135
- IF WE'RE GOING TO TEACH LESSONS TO OUR CHILDREN
- 00:15:13.135 --> 00:15:15.070
- ABOUT GOD'S VIEW OF MONEY, WE NEED
- 00:15:15.070 --> 00:15:16.905
- TO TEACH THEM ABOUT DEBT.
- 00:15:16.905 --> 00:15:18.974
- AND HERE IS THE SAYING I WANT YOU TO WRITE DOWN.
- 00:15:18.974 --> 00:15:22.411
- IF YOU DON'T WANT TO FRET, BE CAREFUL OF DEBT.
- 00:15:22.411 --> 00:15:26.448
- SAY THAT WITH ME.
- 00:15:26.448 --> 00:15:27.916
- IF YOU DON'T WANT TO FRET, BE CAREFUL OF DEBT.
- 00:15:27.916 --> 00:15:32.087
- IT'S AN IMPORTANT THING WE'VE GOT
- 00:15:32.087 --> 00:15:33.522
- TO TEACH OUR CHILDREN ABOUT,
- 00:15:33.522 --> 00:15:34.823
- AND THAT IS THE DANGERS OF DEBT.
- 00:15:34.823 --> 00:15:38.494
- I WAS READING THIS WEEK THAT IN 2016,
- 00:15:38.494 --> 00:15:42.664
- 770.000 AMERICANS FILED FOR PERSONAL BANKRUPTCY.
- 00:15:42.664 --> 00:15:48.537
- YOU SAY, WELL, HOW DO I PUT
- 00:15:48.537 --> 00:15:50.339
- THAT NUMBER IN CONTEXT?
- 00:15:50.339 --> 00:15:51.940
- WHAT DOES THAT MEAN, 770.000 PEOPLE
- 00:15:51.940 --> 00:15:54.777
- FILED FOR PERSONAL BANKRUPTCY?
- 00:15:54.777 --> 00:15:57.246
- DURING THE GREAT DEPRESSION
- 00:15:57.246 --> 00:15:59.982
- OF THE LATE TWENTIES AND THE THIRTIES,
- 00:15:59.982 --> 00:16:04.420
- LESS THAN ONE OUT OF EVERY
- 00:16:04.420 --> 00:16:05.954
- 1000 AMERICANS FILED FOR BANKRUPTCY,
- 00:16:05.954 --> 00:16:08.590
- DURING THE GREAT DEPRESSION.
- 00:16:08.590 --> 00:16:09.825
- IN 2016, OVER FIVE OUT OF EVERY 1000 AMERICANS
- 00:16:09.825 --> 00:16:16.498
- FILED FOR PERSONAL BANKRUPTCY.
- 00:16:16.498 --> 00:16:18.500
- THAT MEANS FIVE TIMES PERCENTAGE-WISE
- 00:16:18.500 --> 00:16:21.470
- OF AMERICANS ARE FILING FOR BANKRUPTCY
- 00:16:21.470 --> 00:16:23.906
- IN THESE TIMES OF PROSPERITY
- 00:16:23.906 --> 00:16:26.442
- AS WERE DURING THE GREAT DEPRESSION.
- 00:16:26.442 --> 00:16:30.045
- AND EVERY ONE OF THOSE 770.000 BANKRUPTCIES IS
- 00:16:30.045 --> 00:16:35.184
- BY A PERSON WHO HAD THE SAME PROBLEM,
- 00:16:35.184 --> 00:16:38.887
- HE SPENT MORE MONEY THAN HE HAD.
- 00:16:38.887 --> 00:16:41.323
- HE USED DEBT TO CREATE
- 00:16:41.323 --> 00:16:43.559
- AN ARTIFICIAL STANDARD OF LIVING.
- 00:16:43.559 --> 00:16:46.328
- AND THAT'S WHY THE BIBLE,
- 00:16:46.328 --> 00:16:47.596
- ALTHOUGH DOESN'T PROHIBIT DEBTS
- 00:16:47.596 --> 00:16:50.032
- IN EVERY CIRCUMSTANCE, IT SAYS YOU BETTER BE
- 00:16:50.032 --> 00:16:52.434
- VERY CAREFUL OF DEBT.
- 00:16:52.434 --> 00:16:54.736
- PROVERBS 22:7 SAYS, "THE RICH RULES OVER THE POOR,
- 00:16:54.736 --> 00:16:59.541
- AND THE BORROWER BECOMES THE LENDER'S SLAVE."
- 00:16:59.541 --> 00:17:04.379
- YOU SEE, DEBT IS NOT BECAUSE PEOPLE
- 00:17:04.379 --> 00:17:06.248
- AREN'T MAKING ENOUGH MONEY,
- 00:17:06.248 --> 00:17:07.916
- JUST AS I'VE SHOWN YOU
- 00:17:07.916 --> 00:17:08.851
- IN THESE ECONOMIC BOOM TIMES
- 00:17:08.851 --> 00:17:10.686
- PEOPLE ARE GOING INTO THE BANKRUPTCY.
- 00:17:10.686 --> 00:17:12.788
- IT IS PEOPLE SPENDING MORE
- 00:17:12.788 --> 00:17:14.456
- THAN THEY HAVE INCOME FOR.
- 00:17:14.456 --> 00:17:16.658
- IT'S HAVING UNREALISTIC EXPECTATIONS ABOUT SPENDING.
- 00:17:16.658 --> 00:17:20.062
- AND THAT'S WHY WE HAVE TO BE CAREFUL ABOUT DEBT.
- 00:17:20.062 --> 00:17:22.798
- NOW, I THINK WE'VE GOT TO BE CAREFUL HERE
- 00:17:22.798 --> 00:17:24.833
- TO DISTINGUISH BETWEEN GOOD DEBT AND BAD DEBT.
- 00:17:24.833 --> 00:17:29.805
- THERE ARE SOME INSTANCES IN WHICH
- 00:17:29.805 --> 00:17:31.507
- IT MAKES SENSE TO BORROW MONEY.
- 00:17:31.507 --> 00:17:33.609
- A GOOD DEBT, FOR EXAMPLE, MIGHT BE BUYING A HOME.
- 00:17:33.609 --> 00:17:36.612
- VERY FEW PEOPLE COULD AFFORD TO PAY CASH
- 00:17:36.612 --> 00:17:39.414
- FOR A HOME, THEY TAKE OUT A MORTGAGE,
- 00:17:39.414 --> 00:17:42.217
- UNDERSTANDING THAT HOPEFULLY OVER TIME THAT
- 00:17:42.217 --> 00:17:44.820
- HOME MAINTAINS OR EVEN INCREASES IN ITS VALUE.
- 00:17:44.820 --> 00:17:49.224
- BAD DEBT IS BORROWING MONEY FOR ITEMS
- 00:17:49.224 --> 00:17:52.394
- THAT DEPRECIATE, LIKE GROCERIES, OR CLOTHING,
- 00:17:52.394 --> 00:17:58.367
- OR VACATIONS THAT IS BAD DEBT.
- 00:17:58.367 --> 00:18:02.237
- BE CAREFUL OF DEBT.
- 00:18:02.237 --> 00:18:03.705
- PROVERBS 22:26 AND SEVEN SAYS,
- 00:18:03.705 --> 00:18:06.642
- "DO NOT BE AMONG THOSE WHO GIVE PLEDGES.
- 00:18:06.642 --> 00:18:09.578
- AMONG THOSE WHO BECOME SURETIES FOR DEBTS.
- 00:18:09.578 --> 00:18:12.381
- IF YOU HAVE NOTHING WITH WHICH TO PAY, WHY SHOULD
- 00:18:12.381 --> 00:18:15.751
- YOUR LENDER TAKE YOUR BED FROM UNDER YOU?"
- 00:18:15.751 --> 00:18:18.787
- NOW, WHY WOULD YOU GO OUT,
- 00:18:18.787 --> 00:18:19.821
- HE SAYS, AND GET INTO DEBT.
- 00:18:19.821 --> 00:18:21.823
- IF A BANKER IS GOING TO COME IN THE MIDDLE
- 00:18:21.823 --> 00:18:23.458
- OF THE NIGHT AND SNATCH YOUR BED FROM UNDER YOU,
- 00:18:23.458 --> 00:18:25.494
- I MEAN WHO WOULD DO SUCH A THING?
- 00:18:25.494 --> 00:18:27.663
- AND YET MANY PEOPLE MAKE
- 00:18:27.663 --> 00:18:29.231
- THAT KIND OF FOOLISH DECISION.
- 00:18:29.231 --> 00:18:32.000
- THE PROBLEM WITH DEBT IS THAT IT ALLOWS US
- 00:18:32.000 --> 00:18:34.603
- TO ARTIFICIALLY LIVE ABOVE OUR INCOME,
- 00:18:34.603 --> 00:18:38.106
- AT LEAST FOR A WHILE, UNTIL EVERYTHING
- 00:18:38.106 --> 00:18:40.609
- COMES CRASHING DOWN AROUND US.
- 00:18:40.609 --> 00:18:42.744
- AND YOU KNOW WHAT THE GREATEST FACILITATOR
- 00:18:42.744 --> 00:18:44.913
- OF DEBT IS IN OUR COUNTRY, WHAT IT IS THAT
- 00:18:44.913 --> 00:18:47.015
- MAKES IT SO EASY TO PEOPLE
- 00:18:47.015 --> 00:18:49.017
- TO GET ENSLAVED WITH DEBT?
- 00:18:49.017 --> 00:18:51.720
- THE CREDIT CARD, THE CREDIT CARD.
- 00:18:51.720 --> 00:18:54.823
- I WAS READING AGAIN THIS WEEK
- 00:18:54.823 --> 00:18:56.124
- THE AVERAGE AMERICAN HAS 11 CREDIT CARDS
- 00:18:56.124 --> 00:19:00.195
- WITH AN AVERAGE BALANCE OF $5.700.
- 00:19:00.195 --> 00:19:03.265
- YOU SAY, WELL, WHAT'S THE PROBLEM WITH THAT?
- 00:19:03.265 --> 00:19:05.634
- THERE ARE TWO PROBLEMS WITH CREDIT CARDS
- 00:19:05.634 --> 00:19:07.436
- YOU NEED TO WARN YOUR CHILDREN ABOUT.
- 00:19:07.436 --> 00:19:10.672
- FIRST OF ALL, THE OBVIOUS, THE HIGH INTEREST RATES
- 00:19:10.672 --> 00:19:14.476
- THAT YOU PAY WITH A CREDIT CARD.
- 00:19:14.476 --> 00:19:16.278
- EVEN THOUGH INTEREST RATES OVERALL
- 00:19:16.278 --> 00:19:18.247
- ARE RELATIVELY LOW, HISTORICALLY LOW,
- 00:19:18.247 --> 00:19:21.817
- I READ THIS WEEK THE AVERAGE
- 00:19:21.817 --> 00:19:23.585
- CREDIT CARD RATE IS STILL 15%, 15%.
- 00:19:23.585 --> 00:19:28.857
- AND LET ME ILLUSTRATE WHAT THAT DOES.
- 00:19:28.857 --> 00:19:30.692
- LET'S JUST SAY YOU GO OUT AND YOU BUY
- 00:19:30.692 --> 00:19:32.227
- SOME APPLIANCES, AND CHARGE THEM
- 00:19:32.227 --> 00:19:33.862
- ON YOUR CREDIT CARD, $2.000.
- 00:19:33.862 --> 00:19:36.398
- AND LET'S SAY THAT YOU MAKE THE MINIMUM PAYMENT
- 00:19:36.398 --> 00:19:39.134
- ON THAT CREDIT CARD EVERY MONTH.
- 00:19:39.134 --> 00:19:41.570
- DO YOU KNOW HOW LONG IT WILL TAKE YOU
- 00:19:41.570 --> 00:19:42.671
- TO PAY OFF THAT $2.000 DEBT?
- 00:19:42.671 --> 00:19:45.340
- 22 YEARS, 22 YEARS.
- 00:19:45.340 --> 00:19:49.544
- AND BY THE TIME YOU FINALLY HAVE PAID OFF
- 00:19:49.544 --> 00:19:51.513
- THAT CREDIT CARD, YOU WOULD HAVE PAID $4.789.
- 00:19:51.513 --> 00:19:57.686
- THAT'S $2.000 FOR THE ACTUAL COST
- 00:19:57.686 --> 00:19:59.721
- OF THE APPLIANCES, $2.789 OF INTEREST.
- 00:19:59.721 --> 00:20:06.128
- THAT'S WHY CREDIT CARDS WANT TO GET YOU ENSLAVED.
- 00:20:06.128 --> 00:20:08.830
- THAT'S WHY THEY SEND OUT 3 BILLION
- 00:20:08.830 --> 00:20:11.166
- CREDIT CARD APPLICATIONS EVERY YEAR.
- 00:20:11.166 --> 00:20:14.736
- AND MANY OF THOSE ARE GOING TO GO TO YOUR CHILDREN
- 00:20:14.736 --> 00:20:17.673
- WHO ARE IN COLLEGE OR YOUNG ADULTS.
- 00:20:17.673 --> 00:20:21.343
- I MEAN, GETTING PEOPLE HOOKED
- 00:20:21.343 --> 00:20:23.011
- ON CREDIT CARDS IS LIKE GETTING THEM
- 00:20:23.011 --> 00:20:24.513
- HOOKED ON CRACK COCAINE, IT'S A HABIT
- 00:20:24.513 --> 00:20:26.748
- THAT IS NOT EASILY BROKEN.
- 00:20:26.748 --> 00:20:29.151
- SO ONE PROBLEM WITH CREDIT CARD IS
- 00:20:29.151 --> 00:20:31.119
- THE HIGH INTEREST RATE, BUT THERE'S A SECOND
- 00:20:31.119 --> 00:20:33.188
- HIDDEN PROBLEM THAT PEOPLE
- 00:20:33.188 --> 00:20:34.523
- DON'T THINK ABOUT VERY OFTEN.
- 00:20:34.523 --> 00:20:36.525
- AND THAT'S THE DIRTY SECRET
- 00:20:36.525 --> 00:20:38.093
- CREDIT CARD LENDERS KNOW.
- 00:20:38.093 --> 00:20:40.195
- AND THAT IS PEOPLE SPEND MORE WITH A CREDIT CARD
- 00:20:40.195 --> 00:20:43.365
- THAN WHEN THEY'RE USING CASH.
- 00:20:43.365 --> 00:20:45.300
- DID YOU KNOW STUDIES HAVE SHOWN
- 00:20:45.300 --> 00:20:46.935
- THAT PEOPLE SPEND ANYWHERE FROM 15% TO 30%
- 00:20:46.935 --> 00:20:50.105
- MORE WHEN THEY'RE USING A PIECE OF PLASTIC
- 00:20:50.105 --> 00:20:52.774
- RATHER THAN USING CASH TO PAY FOR A PURCHASE?
- 00:20:52.774 --> 00:20:55.977
- NOW, LET'S JUST SAY, YOU'RE ONE OF THOSE PEOPLE
- 00:20:55.977 --> 00:20:57.579
- WHO SAY, "OH, I DON'T HAVE ANY PROBLEM
- 00:20:57.579 --> 00:20:59.715
- WITH CREDIT CARDS?
- 00:20:59.715 --> 00:21:00.882
- I USE CREDIT CARDS, BUT I PAY OFF
- 00:21:00.882 --> 00:21:02.884
- THE BALANCE EVERY MONTH."
- 00:21:02.884 --> 00:21:04.152
- WELL, LET'S JUST ASSUME THAT'S TRUE.
- 00:21:04.152 --> 00:21:05.654
- AND LET'S ASSUME THAT YOU PUT A THOUSAND DOLLARS
- 00:21:05.654 --> 00:21:07.723
- ON YOUR CREDIT CARD BECAUSE EVERY MONTH,
- 00:21:07.723 --> 00:21:09.825
- FOR GROCERIES, OR GASOLINE, OR SO FORTH,
- 00:21:09.825 --> 00:21:12.761
- BECAUSE YOU WANT TO EARN THOSE AIRLINE MILES,
- 00:21:12.761 --> 00:21:16.898
- OR YOU HAVE A DISCOVER CARD
- 00:21:16.898 --> 00:21:18.166
- AND YOU WANT THAT 2% REBATE, OKAY?
- 00:21:18.166 --> 00:21:21.036
- LET'S SAY YOU SPEND A THOUSAND DOLLARS A MONTH,
- 00:21:21.036 --> 00:21:22.938
- THAT'S 12.000 A YEAR, IN TWO YEARS
- 00:21:22.938 --> 00:21:25.440
- THAT WOULD HAVE BEEN $24.000,
- 00:21:25.440 --> 00:21:27.676
- YOU WOULD HAVE PUT ON YOUR CREDIT CARD.
- 00:21:27.676 --> 00:21:29.745
- YOU'VE PAID OFF THE BALANCE,
- 00:21:29.745 --> 00:21:30.712
- OR YOU DIDN'T PAY ANY INTEREST,
- 00:21:30.712 --> 00:21:32.347
- AND GUESS WHAT?
- 00:21:32.347 --> 00:21:33.315
- YOU GOT A $500 AIRLINE TICKET,
- 00:21:33.315 --> 00:21:37.085
- OR YOU GOT $500 IN CASH, AND YOU THINK
- 00:21:37.085 --> 00:21:39.421
- I'M PRETTY SMART TO DO SUCH A THING.
- 00:21:39.421 --> 00:21:42.090
- BUT THINK ABOUT IT, IF THAT STUDY IS TRUE,
- 00:21:42.090 --> 00:21:44.993
- AND LET'S TAKE THE LOW END, YOU JUST SPENT
- 00:21:44.993 --> 00:21:48.430
- 15% MORE THAN YOU WOULD HAVE SPENT
- 00:21:48.430 --> 00:21:50.532
- HAVE YOU BEEN USING CASH?
- 00:21:50.532 --> 00:21:53.034
- THAT MEANS YOU OVERSPENT BY $3.600 IN TWO YEARS.
- 00:21:53.034 --> 00:21:59.207
- $3.600 IN ORDER TO GET AN $500 AIRPLANE TICKET,
- 00:21:59.207 --> 00:22:04.079
- OR $500 IN CASH.
- 00:22:04.079 --> 00:22:05.480
- DOES ANYBODY THINK THAT'S A GOOD INVESTMENT?
- 00:22:05.480 --> 00:22:07.482
- THAT'S WHY YOU HAVE TO
- 00:22:07.482 --> 00:22:08.450
- BE VERY, VERY CAREFUL OF DEBT.
- 00:22:08.450 --> 00:22:12.220
- A GOOD REMINDER IS THE WAY TO KEEP
- 00:22:12.220 --> 00:22:16.191
- FROM THREADING IS GUYS, STAY OUT OF DEBT.
- 00:22:16.191 --> 00:22:18.894
- IF YOU DON'T WANT TO FRET, BE CAREFUL OF DEBT.
- 00:22:18.894 --> 00:22:22.397
- ANOTHER AREA, AND THIS IS SO IMPORTANT TO TEACH
- 00:22:22.397 --> 00:22:24.733
- OUR CHILDREN ABOUT IS THE AREA OF SAVING.
- 00:22:24.733 --> 00:22:29.304
- SAVING MONEY, PUTTING ASIDE MONEY EARLY IN LIFE.
- 00:22:29.304 --> 00:22:33.608
- ♪ MUSIC
- 00:22:33.608 --> 00:22:39.114
- THERE'S MORE I WANT TO SHARE WITH YOU
- 00:22:39.114 --> 00:22:40.649
- CONCERNING THE INHERENT DANGERS
- 00:22:40.649 --> 00:22:42.451
- OF ALWAYS WANTING MORE.
- 00:22:42.451 --> 00:22:45.353
- SO BE SURE TO TUNE IN NEXT TIME
- 00:22:45.353 --> 00:22:46.922
- FOR PART TWO OF MY MESSAGE,
- 00:22:46.922 --> 00:22:48.890
- WHAT PARENTS WISH THEIR CHILDREN
- 00:22:48.890 --> 00:22:51.026
- KNEW ABOUT MONEY.
- 00:22:51.026 --> 00:22:52.727
- NOW, BEFORE OUR TIME IS UP FOR TODAY,
- 00:22:52.727 --> 00:22:54.896
- I WANT TO REMIND YOU THAT WE ARE NEARING
- 00:22:54.896 --> 00:22:57.098
- THE DEADLINE OF THE GOSPEL HOPE MATCHING CHALLENGE.
- 00:22:57.098 --> 00:23:00.802
- THESE ARE TRULY EXCITING DAYS
- 00:23:00.802 --> 00:23:02.671
- FOR THE MINISTRY OF PATHWAY TO VICTORY.
- 00:23:02.671 --> 00:23:05.674
- WE ARE ON A TRAJECTORY OF GROWTH AND IMPACT
- 00:23:05.674 --> 00:23:08.276
- ACROSS OUR COUNTRY THAT HAS SURPASSED OUR PROJECTIONS.
- 00:23:08.276 --> 00:23:12.247
- AND NOW, WE'RE POSTURED TO HAVE EVEN GREATER IMPACT,
- 00:23:12.247 --> 00:23:15.617
- BECAUSE OF THE GOSPEL HOPE MATCHING CHALLENGE.
- 00:23:15.617 --> 00:23:18.954
- GENEROUS FRIENDS SET ASIDE $750.000
- 00:23:18.954 --> 00:23:23.024
- FOR THIS VERY PURPOSE, AS A RESULT,
- 00:23:23.024 --> 00:23:25.794
- EVERY DOLLAR YOU GIVE BETWEEN NOW
- 00:23:25.794 --> 00:23:28.296
- AND JULY 4TH IS AUTOMATICALLY MATCHED
- 00:23:28.296 --> 00:23:31.366
- AND DOUBLED IN SIZE AND IMPACT
- 00:23:31.366 --> 00:23:33.635
- UNTIL WE REACHED THE TARGET.
- 00:23:33.635 --> 00:23:35.570
- BUT AGAIN, THE DEADLINE IS JULY 4TH.
- 00:23:35.570 --> 00:23:38.240
- SO BE SURE TO LEVERAGE YOUR GIFT
- 00:23:38.240 --> 00:23:40.575
- THROUGH THIS WONDERFUL MATCHING CHALLENGE.
- 00:23:40.575 --> 00:23:43.278
- THANK YOU FOR JOINING US IN THIS
- 00:23:43.278 --> 00:23:45.280
- ALL OUT EFFORT TO PIERCE THE DARKNESS
- 00:23:45.280 --> 00:23:48.450
- WITH THE LIGHT OF GOD'S WORD.
- 00:23:48.450 --> 00:23:51.019
- NOW, PLEASE STAY RIGHT THERE,
- 00:23:51.019 --> 00:23:52.287
- I'LL BE BACK WITH MORE IN JUST A MOMENT.
- 00:23:52.287 --> 00:23:56.024
- AS A PARENT OR GRANDPARENT, THERE'S NOTHING
- 00:23:56.024 --> 00:23:58.493
- MORE IMPORTANT THAN TEACHING
- 00:23:58.493 --> 00:24:00.095
- YOUR CHILDREN AND GRANDCHILDREN
- 00:24:00.095 --> 00:24:02.163
- WHAT IT MEANS TO LOVE, FOLLOW,
- 00:24:02.163 --> 00:24:04.266
- AND OBEY JESUS CHRIST.
- 00:24:04.266 --> 00:24:06.234
- THAT PRINCIPLE GUIDED AMY AND ME AS WE RAISED
- 00:24:06.234 --> 00:24:08.904
- OUR TWO DAUGHTERS, JULIA AND DOROTHY.
- 00:24:08.904 --> 00:24:11.740
- AND NOW I WANT TO HELP YOU
- 00:24:11.740 --> 00:24:13.041
- DO THE SAME FOR YOUR FAMILY,
- 00:24:13.041 --> 00:24:14.843
- WITH MY NEWEST CHILDREN'S BOOK,
- 00:24:14.843 --> 00:24:16.711
- EXPLORE THE BOOK, 10 ESSENTIAL
- 00:24:16.711 --> 00:24:19.014
- BIBLE LESSONS FOR CHILDREN.
- 00:24:19.014 --> 00:24:21.182
- I'M SO GLAD THAT MY PARENTS
- 00:24:21.182 --> 00:24:22.684
- TAUGHT ME GOD'S WORD AS A CHILD.
- 00:24:22.684 --> 00:24:24.319
- AND IF YOU'RE A PARENT, LIKE I AM, I KNOW
- 00:24:24.319 --> 00:24:26.521
- THIS PAST YEAR HAS BEEN HECTIC FOR YOU TOO.
- 00:24:26.521 --> 00:24:28.990
- EXPLORE THE BOOK CONTAINS 10 EASY BIBLE LESSONS.
- 00:24:28.990 --> 00:24:32.127
- SO YOU CAN FEEL CONFIDENT THAT YOU'RE TEACHING
- 00:24:32.127 --> 00:24:33.962
- YOUR CHILDREN WHAT MATTERS MOST.
- 00:24:33.962 --> 00:24:36.264
- AS A PROUD FATHER AND NOW GRANDFATHER
- 00:24:36.264 --> 00:24:38.567
- OF TRIPLETS, I'VE HAD THE SAME
- 00:24:38.567 --> 00:24:40.535
- SPIRITUAL CONVERSATIONS WITH MY OWN CHILDREN.
- 00:24:40.535 --> 00:24:43.805
- AND NOW THAT MY DAUGHTERS ARE GROWN
- 00:24:43.805 --> 00:24:45.440
- AND MY GRANDCHILDREN ARE GROWING,
- 00:24:45.440 --> 00:24:47.409
- I'M EXCITED TO BE A PART OF ENCOURAGING
- 00:24:47.409 --> 00:24:49.911
- THE GODLY GROWTH OF YOUR FAMILY AS WELL.
- 00:24:49.911 --> 00:24:53.214
- [ANNOUNCER] EXPLORE THE BOOK IS YOURS
- 00:24:53.214 --> 00:24:54.849
- WHEN YOU GIVE A GENEROUS GIFT TO SUPPORT
- 00:24:54.849 --> 00:24:56.818
- THE MINISTRY OF THE PATHWAY TO VICTORY.
- 00:24:56.818 --> 00:24:58.954
- AND WHEN YOUR GIFT IS $125 OR MORE,
- 00:24:58.954 --> 00:25:01.957
- WE'LL ALSO SEND YOU THE BRAND NEW
- 00:25:01.957 --> 00:25:03.692
- SPIRITUAL FITNESS TEACHING SERIES
- 00:25:03.692 --> 00:25:05.794
- ON BOTH CD AND DVD.
- 00:25:05.794 --> 00:25:07.996
- PLUS, WE'LL INCLUDE TWO BONUS COPIES
- 00:25:07.996 --> 00:25:10.165
- OF EXPLORE THE BOOK, FOR YOU TO SHARE
- 00:25:10.165 --> 00:25:12.100
- WITH YOUR FAMILY OR OTHER CHILDREN IN YOUR LIFE.
- 00:25:12.100 --> 00:25:14.603
- BECAUSE OF THE GOSPEL HOPE MATCHING CHALLENGE
- 00:25:14.603 --> 00:25:16.938
- YOUR GENEROUS DONATION TODAY WILL BE MATCHED.
- 00:25:16.938 --> 00:25:19.608
- THANK YOU FOR HELPING PATHWAY TO VICTORY
- 00:25:19.608 --> 00:25:21.843
- SHINE BRIGHTLY AROUND THE WORLD.
- 00:25:21.843 --> 00:25:25.914
- YOU DON'T NEED TO BE AN ACCOUNTANT
- 00:25:25.914 --> 00:25:27.415
- OR AN ECONOMIST TO GRASP THE KEY PRINCIPLES
- 00:25:27.415 --> 00:25:30.485
- FOR HANDLING MONEY.
- 00:25:30.485 --> 00:25:32.053
- THE BIBLE'S SIMPLE WISDOM ABOUT WORK AND MONEY
- 00:25:32.053 --> 00:25:35.657
- ARE THE FOUNDATION FOR FINANCIAL SUCCESS IN LIFE.
- 00:25:35.657 --> 00:25:39.327
- AND I BELIEVE THAT IF EVERY PARENT
- 00:25:39.327 --> 00:25:41.663
- TAUGHT THESE PRINCIPLES TO THEIR CHILDREN,
- 00:25:41.663 --> 00:25:44.199
- MUCH OF OUR NATION'S PERSONAL FINANCIAL TROUBLES
- 00:25:44.199 --> 00:25:46.968
- WOULD BE AVOIDED.
- 00:25:46.968 --> 00:25:49.070
- WELL, WE'VE LOOKED AT WHAT THE BIBLE SAYS
- 00:25:49.070 --> 00:25:51.406
- ABOUT EARNING SPENDING AND DEBT.
- 00:25:51.406 --> 00:25:54.142
- AND NEXT TIME WE'RE GOING TO SEE WHAT
- 00:25:54.142 --> 00:25:55.777
- GOD'S WORD SAYS ABOUT SAVING AND GIVING.
- 00:25:55.777 --> 00:25:59.614
- STAY TUNED FOR A PREVIEW OF WHAT'S COMING UP
- 00:25:59.614 --> 00:26:01.616
- NEXT ON PATHWAY TO VICTORY.
- 00:26:01.616 --> 00:26:05.086
- [ANNOUNCER] TODAY, WHEN YOU GIVE
- 00:26:05.086 --> 00:26:06.321
- A GENEROUS GIFT TO SUPPORT THE MINISTRY
- 00:26:06.321 --> 00:26:08.323
- OF PATHWAY TO VICTORY, YOU'RE INVITED
- 00:26:08.323 --> 00:26:10.659
- TO REQUEST A COPY OF DR. JEFFRESS'S BRAND NEW
- 00:26:10.659 --> 00:26:13.428
- CHILDREN'S BOOK, EXPLORE THE BOOK,
- 00:26:13.428 --> 00:26:16.064
- 10 ESSENTIAL BIBLE LESSONS FOR CHILDREN,
- 00:26:16.064 --> 00:26:19.000
- PLUS WHAT EVERY CHRISTIAN SHOULD KNOW
- 00:26:19.000 --> 00:26:20.869
- ABOUT THE BIBLE, AS OUR GIFT TO YOU
- 00:26:20.869 --> 00:26:23.104
- SIMPLY FOR CONTACTING US TODAY
- 00:26:23.104 --> 00:26:24.773
- AT PATHWAY TO VICTORY.
- 00:26:24.773 --> 00:26:26.474
- AND WHEN YOUR GIFT IS $125 OR MORE,
- 00:26:26.474 --> 00:26:29.844
- WE'LL ALSO SEND YOU THE COMPLETE
- 00:26:29.844 --> 00:26:31.713
- SPIRITUAL FITNESS TEACHING SERIES
- 00:26:31.713 --> 00:26:34.182
- ON BOTH CD AND DVD.
- 00:26:34.182 --> 00:26:36.651
- PLUS, WE'LL INCLUDE TWO BONUS COPIES
- 00:26:36.651 --> 00:26:38.887
- OF EXPLORE THE BOOK, FOR YOU TO SHARE
- 00:26:38.887 --> 00:26:41.222
- WITH YOUR FAMILY AND FRIENDS.
- 00:26:41.222 --> 00:26:42.924
- BECAUSE OF OUR GOSPEL HOPE MATCHING CHALLENGE
- 00:26:42.924 --> 00:26:45.427
- YOUR GENEROUS GIFT TO PATHWAY TO VICTORY
- 00:26:45.427 --> 00:26:48.096
- WILL HAVE TWICE THE IMPACT.
- 00:26:48.096 --> 00:26:50.131
- SO THANKS FOR CALLING, WRITING,
- 00:26:50.131 --> 00:26:51.733
- OR GOING ONLINE TO GIVE TODAY.
- 00:26:51.733 --> 00:26:53.868
- NOW, COMING UP NEXT TIME ON PATHWAY TO VICTORY.
- 00:26:53.868 --> 00:26:57.272
- ON THE DAY OF OUR DEATH, EVERYTHING
- 00:26:57.272 --> 00:26:59.874
- WE'VE ACCUMULATED IS DEEMED WORTHLESS.
- 00:26:59.874 --> 00:27:04.045
- RICHES PROFIT NOT A PERSON
- 00:27:04.045 --> 00:27:06.214
- IN THE DAY OF JUDGMENT.
- 00:27:06.214 --> 00:27:08.249
- AND THAT'S WHY THE BEST TIME
- 00:27:08.249 --> 00:27:10.218
- TO DO WHATEVER WE'RE GOING TO DO
- 00:27:10.218 --> 00:27:13.221
- FOR GOD'S KINGDOM IS NOT LATER BUT IT'S NOW.
- 00:27:13.221 --> 00:27:17.926
- [ANNOUNCER] SET YOUR DVR AND JOIN US NEXT TIME
- 00:27:17.926 --> 00:27:20.128
- FOR PART TWO OF THE MESSAGE, WHAT PARENTS WISH
- 00:27:20.128 --> 00:27:22.664
- THEIR CHILDREN KNEW ABOUT MONEY,
- 00:27:22.664 --> 00:27:24.766
- HERE ON PATHWAY TO VICTORY.
- 00:27:24.766 --> 00:27:26.868
- ♪ MUSIC
- 00:27:26.868 --> 00:27:26.868