Speaker 1: Welcome to Financial Issues, where we help you steward faithfully
Speaker 1: by honoring God with your investments. Now listen in as
Speaker 1: we give you the practical tools and advice you need
Speaker 1: to become a biblically responsible investor.
Speaker 2: This is Financial Issues, where we help you defund the
Speaker 2: darkness and fund the light by investing with biblical integrity.
Speaker 2: Today's show, well, hey, it's focused Friday. Everyone. You know
Speaker 2: what that means. We answer your question. So get your
Speaker 2: dialing number or dialing finger. Does anybody remember what a
Speaker 2: dialing finger is? Yeah, well anyway, get your dialing finger
Speaker 2: going six', ten three sixty, three eleven. Ten i'm your,
Speaker 2: Host Mark manella not joining me today Or seth And
Speaker 2: sam they're out. Today but joining me Is elijah from
Speaker 2: the control. Room Welcome, elijah good, Morning good morning. Everybody
Speaker 2: it's good to be good to see. It you, know
Speaker 2: this is a big day for a lot of our
Speaker 2: watchers and listeners because they're always asking About. Elijah and
Speaker 2: now here you are on the soundboard in the control,
Speaker 2: room joining the. Show so that's. Great good morning everybody
Speaker 2: in the chat and On, facebook on our. Website absolutely
Speaker 2: glad you're with. Us, hey looks like millennials are doing
Speaker 2: some good things with their. Money we're going to talk
Speaker 2: about this and who would have guessed, right because the
Speaker 2: way the news pushs it is the millennials can't do anything. Right,
Speaker 2: well they're doing something. Right we're going to talk about
Speaker 2: that today and a whole lot more again six' ten
Speaker 2: three six three. Eleven ten before we dig into our,
Speaker 2: main Story what i'd like to do is Talk About
Speaker 2: scott descent and his comments on. Debt yesterday, you Know
Speaker 2: The Treasury secretary scott was to ask about forty trillion
Speaker 2: milestone for the national. Debt. Yesterday stop take. A breath
Speaker 2: think about that. Forty trillion can you even imagine? FORTY
Speaker 2: trillion i can't imagine. ONE trillion i have a hard
Speaker 2: time thinking about. One billion at, ONE time i did
Speaker 2: a Video Called Rescue one tea that talked about how
Speaker 2: little money was actually put in and invested on purpose
Speaker 2: for biblical. Responsible INVESTING and i did an illustration of
Speaker 2: taking one dollar bills and running them back, to back
Speaker 2: not in not side, to side but back, to Back
Speaker 2: From new YORK to la back. To back and that
Speaker 2: was only. Fifty billion if, we went if we went
Speaker 2: looking at what was invested around in the in the.
Speaker 2: Stock market, it came it went around the world like
Speaker 2: twenty times back. To back that was. Fifty trillion so
Speaker 2: forty trillion is so huge we barely can. Understand it
Speaker 2: but he had a he had something to say, About,
Speaker 2: That elijah maybe we could hear what he had. To, say,
Speaker 2: yes sir bringing in, a clip.
Speaker 3: The forty trillion is a. Big number it is smaller
Speaker 3: when we looked at the a publicly traded amount because
Speaker 3: our social security funds and other government entities hold a.
Speaker 3: Substantial amount and what we're going, To do we're gonna
Speaker 3: have to grow our way out. Of this and remember
Speaker 3: we did not get here in a day that we
Speaker 3: were left with. A Mess the biden administration had the
Speaker 3: highest DEFICIT to gdp in history when we weren't at
Speaker 3: war or weren't in. A recession for twenty, twenty five
Speaker 3: we brought it down by more than.
Speaker 2: A percent, YOU know i love. THIS man i believe he's.
Speaker 2: Very brilliant but the ONE thing i don't like about
Speaker 2: what he just said is we're two years into. This
Speaker 2: administration it's time to stop blaming the. Previous administration that's
Speaker 2: the Only thing i'd really beat up. On that that'sn't
Speaker 2: message that. He gave it's time to. Move forward it's time, to,
Speaker 2: say hey we were left this and it's our job to.
Speaker 2: Fix it so that's what we're going to do and
Speaker 2: move forward with, that now, you know growing out of
Speaker 2: it that was another thing that maybe we need to
Speaker 2: talk about a, little bit because you just can't grow
Speaker 2: out of forty, trillion dollars especially when you're spending two
Speaker 2: to four trillion dollars beyond. Your revenue so if you
Speaker 2: have deficit spending of two trillion dollars, a year you
Speaker 2: barely can grow into the, deficit's spending much less grow
Speaker 2: out of. Forty TRILLION so i think a faster growing
Speaker 2: economy makes a large debt more manageable because the tax.
Speaker 2: Revenues generated and you all, KNOW me i have backed
Speaker 2: this administration last year when they dropped the debt by about,
Speaker 2: ONE percent i was all, over that and where the
Speaker 2: rest of the media was saying, things like, you know
Speaker 2: we're going deeper and deeper, In debt but they were backing,
Speaker 2: it off they were working, on it they were, laying
Speaker 2: foundations they were bringing industries back so could grow so
Speaker 2: our economy, could grow so the tax revenues, could grow
Speaker 2: so we could start. Retiring that but, you know you
Speaker 2: can't just grow your way out. Of it you actually
Speaker 2: have to balance. The budget you actually have to start
Speaker 2: with a. Balance budget and to start with a, balance
Speaker 2: budget you actually have to have. A budget and we
Speaker 2: still don't Have a congress that has given us. A
Speaker 2: budget we have a president who Gives the congress his
Speaker 2: idea what a budget, should be and then we Have
Speaker 2: a congress who just does nothing but fight and it
Speaker 2: has to at the last minute come up with a
Speaker 2: way to just fund the government for another thirty sixty.
Speaker 2: Ninety days that's not the way our founders. Wanted it
Speaker 2: that's not the Way the lord wants us to. Manage
Speaker 2: money our leaders need to get our budget, under control
Speaker 2: and then they need to start stripping that budget down
Speaker 2: every year and back it down till we're totally within,
Speaker 2: our means and then we can start getting rid of.
Speaker 2: The debt so if we have growth on one hand
Speaker 2: and we have a reduction on, the other then we'll
Speaker 2: be able to get it under control in the next
Speaker 2: two to five to maybe ten years at. The longest
Speaker 2: if we had responsible People. In congress that's why this
Speaker 2: is so important. Right now that's why this election mediar
Speaker 2: election is. So important we need to be all. OVER
Speaker 2: it i know we have all the candidates. Lined up
Speaker 2: many of them are pretty much milk. Past candidates they'll say,
Speaker 2: one thing. Do another they're more liberal than, they're saying
Speaker 2: or they're more in it. For themselves there's a lot
Speaker 2: of those. In there i'd say at least fifty percent
Speaker 2: of the Candidates that i've, LOOKED at i REALLY wish
Speaker 2: i had a. Different option but we do the best
Speaker 2: we can with what we've been given now and we keep.
Speaker 2: Moving forward so if you're, not, registered vote. Get registered
Speaker 2: if you're registered, to vote get. On it make sure
Speaker 2: you vote In a congress that's going to put together
Speaker 2: the budgets from, here forward and they're going to, be
Speaker 2: balanced meaning we're. Not overspending if, We don't you've heard
Speaker 2: me say. This before if, we don't we're going to
Speaker 2: have a nation. In crisis we're going to have a
Speaker 2: dollar that loses its standard as the trade currency of.
Speaker 2: The world when, that happens that will affect. It here
Speaker 2: then we'll See the treasury printing money left, and right
Speaker 2: And The central, bank Here The federal reserve doing the.
Speaker 2: Same thing we'll start seeing inflation and we'll see a
Speaker 2: breakdown in. Our country people will stop buying, our debt
Speaker 2: and when, that happens we'll have a collapse of our
Speaker 2: economy and that could take ten twenty years to. Recover
Speaker 2: from we don't want to, see. That folks we run,
Speaker 2: the country YOU and i. The citizens despite what the government,
Speaker 2: has done despite all the craziness they, have done the
Speaker 2: cheating they've done in, the elections, the manipulations the running
Speaker 2: people out of office with, endless lawsuits all that kind,
Speaker 2: of stuff it's YOU and i who run this country
Speaker 2: because we decide who's going to be in there pulling
Speaker 2: the levers and doing. These things let's do it. This
Speaker 2: year let's make. IT work i hope you'll join me
Speaker 2: in praying for our leadership and praying for, these elections
Speaker 2: and then getting out and voting when it comes around
Speaker 2: not too long. From now we have. A responsibility remember
Speaker 2: this show is all, about stewardship. Right well stewardship is
Speaker 2: every aspect of. Our life it's how we live out
Speaker 2: the truth of, our salvation how we Actually utilize, god's
Speaker 2: resources which, is everything including you, and me for, his
Speaker 2: purposes and his purposes is to create fellowship between himself
Speaker 2: and us so that we can live eternally basking in,
Speaker 2: his glory and to do it and to utilize those
Speaker 2: resources for his purposes in a way that, glorifies him not, by, lying,
Speaker 2: conniving cheating but by utilizing them in a way that
Speaker 2: doesn't harm, his children does not cause them to stumble
Speaker 2: in the relationship, with them does not cause him to
Speaker 2: stumble as a grow To Accept jesus christ as. Their
Speaker 2: savior that's what stewardship is, all about and part of
Speaker 2: that is. Citizens stewardship scott, THE scent i really appreciate you,
Speaker 2: being there but it's time to step up, And, say
Speaker 2: okay we're going to own this from here on in
Speaker 2: and watch before we leave office in a couple, of
Speaker 2: years we're going to have this all under control. For
Speaker 2: you THAT'S what i want. To hear maybe you can
Speaker 2: tell me what you want to. Hear again the number
Speaker 2: here is six' ten three six. Three eleven ten i'd
Speaker 2: really love to hear from you about what's going on,
Speaker 2: with our debt what's going on with the treasuries that
Speaker 2: are out there and how we're seeing the treasury buying
Speaker 2: back more to bring the. Interest rates down love to hear,
Speaker 2: your two, cents your concerns maybe even, your financial questions
Speaker 2: because that's what the show. Is all about it's all
Speaker 2: about helping us realize the fullness of our stewardship so
Speaker 2: that we can not only enjoy the Peace of the
Speaker 2: lord right here, now and forever but to pass that
Speaker 2: on to the others as we continue to grow And walk.
Speaker 2: In his ways and it's such. A glorious Thing, today's
Speaker 2: focus friday but, it's also overtime so remember we go
Speaker 2: an extra half an hour. Today and overtime you'll want
Speaker 2: to have your questions. Ready for that and all you
Speaker 2: that are, IN the chat i really appreciate joining. Us
Speaker 2: this morning are you all around the world, here on,
Speaker 2: television on. Radio on streaming we're glad. You're with us
Speaker 2: call in our email in and we'll get to. Your
Speaker 2: questions today really appreciate you being. Here with us looking
Speaker 2: forward to talking. ABOUT the millennials i think you're going
Speaker 2: to be surprised at, what we're finding especially since everybody disshes.
Speaker 2: Them so much we'll be right back after this short
Speaker 2: message six' ten three. Sixty three eleven Ten We Are,
Speaker 2: lyve i'm. Mark minelli your hosts this is financial issues
Speaker 2: where we help you defund the darkness and fund the
Speaker 2: light by. Investing with biblical integrity speaking about, investing with
Speaker 2: biblical integrity let's look take a look at. The markets,
Speaker 2: this morning this uh the futures are really attempting to modest.
Speaker 2: Rebound from yesterday's selloff IT, LOOKS, like The smp nasdac
Speaker 2: and dow are all a little, bit green this morning.
Speaker 2: Which is really good what? Do we got here dow futures,
Speaker 2: are a little actually they are all, about half a
Speaker 2: point a little more than, A half a point so
Speaker 2: that's positive, considering what we. Uh what, happened yesterday YOU
Speaker 2: know yesterday the smp fell what, point Eighty seven percent
Speaker 2: the dow dropped one point, three to TWO, percent, and
Speaker 2: the naszak well, you KNOW that's interesting and nasdak only.
Speaker 2: Lost one PERCENT yesterday usually the nasdak is. The worst
Speaker 2: of them we see the rustle. Of decline as well
Speaker 2: one point three and THAT saddens me because i have
Speaker 2: a little bit of a. LEAN towards small caps i
Speaker 2: think that small caps actually. Have, made this world remember
Speaker 2: you've got to be a small capitalized company before you
Speaker 2: can become a big or. A mega capitalized company they're.
Speaker 2: The ones. That build it's small it's small Businesses. That
Speaker 2: have BUILT america that's why. I lean, that way so
Speaker 2: anyway let's take a little look. At sector rotation here
Speaker 2: it looks like energy still remains the strongest of the.
Speaker 2: DIFFERENT sectors right now i guess that's probably because the
Speaker 2: straight to hard moves is out there. Keeping oil prices
Speaker 2: higher and higher oil prices, help the oil companies so
Speaker 2: it makes sense, That we'd see energy but we're also
Speaker 2: seeing money flow into. Different AREAS financial areas what i
Speaker 2: really like is industrial materials. Are coming. Up again that's
Speaker 2: good but the main THING about this is i really
Speaker 2: like that, we're seeing you know sometimes you can a
Speaker 2: bell curve like this in the sectors where everything's. In,
Speaker 2: ONE little area, oh i. Don't, know like it well
Speaker 2: now we're seeing that, flatten out a bit and that's
Speaker 2: a good thing for. THE markets in general i think
Speaker 2: the risk that we look at right now is really
Speaker 2: still the, higher oil price prices because oil, goes through
Speaker 2: our economy and that when it, goes through our economy,
Speaker 2: the price of shipping, the price of, manufacturing everything goes
Speaker 2: up so it could be hitting inflation if we don't get. That, back,
Speaker 2: down again now granted it's lower than it, was at
Speaker 2: one point and it's definitely lower, than it's been oftentimes
Speaker 2: and it's nowhere near where everybody, projected it would be
Speaker 2: but still it'd be nice to get it. Back down
Speaker 2: around sixty i'm looking forward to all this production and
Speaker 2: hopefully somewhere in the next year or two we'll get
Speaker 2: another another processing plant so we can start turning our
Speaker 2: own crew it into gas and not have to worry.
Speaker 2: About the world anyway the market pool fact that, we've seen,
Speaker 2: this month it's serious. BUT it's not bad i think
Speaker 2: it's really important, that as our philosophy our theme on,
Speaker 2: investing is long term and we're going to talk about
Speaker 2: this a little. Later in the show we have to
Speaker 2: realize that whether it's it's good times or bad, times
Speaker 2: in the market we're always searching for those stocks that
Speaker 2: have that financial issue steal to be. Putting on the
Speaker 2: byless sometimes, it's harder than others but this pullback actually
Speaker 2: makes it. A little bit easier we should be seeing
Speaker 2: the possibility of some of those stocks that have gone,
Speaker 2: from buy to hold maybe some of them will be
Speaker 2: putting back on the by lists as their valuate if
Speaker 2: they were pulled down because their valuations. Went way too
Speaker 2: high so that that's. A good Sign there that's something.
Speaker 2: I'm really happy ABOUT but, whether like i said, good
Speaker 2: time or bad there's always some stocks. That are doing,
Speaker 2: well We don't panic as. Stewart's what we do as,
Speaker 2: we look, at, this we say hey the markets are
Speaker 2: starting to. Normalize a little bit. This two will pass
Speaker 2: but remember the goal isn't just. To buy the dip
Speaker 2: it's to buy value when the. Dip finally creates it
Speaker 2: and that's what we're going. To be, doing here so.
Speaker 2: Yeah enough on that let's why. DON'T we move over
Speaker 2: i mentioned a little, bit about, the millennials and uh.
Speaker 2: HERE here's what's interesting i hear people, just ragging on,
Speaker 2: millennials calling them lazy calling them and doing. All these
Speaker 2: crazy things but that's not. The way it's been if
Speaker 2: we really look at, what's going on here we can
Speaker 2: see that millennials. Are actually making money for far. More
Speaker 2: than a decade millennials have, been told they're. Failing they're
Speaker 2: falling behind but, there's a new poll, A, financial service
Speaker 2: company chime tells. Us a different story forty six percent
Speaker 2: of millennials say their financial situation has improved over the. Fast,
Speaker 2: past five years now that's. Not a big deal that's about.
Speaker 2: Fifty percent, of them, but listen in this the millennials
Speaker 2: net worth has grown by more than one hundred and
Speaker 2: thirty percent. Over that five years one. HUNDRED and thirty
Speaker 2: percent i think most of us would. Like returns like
Speaker 2: that total net, worth is nearly quadripe drupled in two.
Speaker 2: Thousand from twenty nineteen. For think about it it grew
Speaker 2: from about four trillion dollars to sixteen trillion dollars in.
Speaker 2: That in. Five years that's huge so, we got to
Speaker 2: stop we got to stop ragging on millennials and take
Speaker 2: a look at what's. Really GOING on there and i find.
Speaker 2: It very exciting myself if, all this is true we
Speaker 2: have a generation that is really getting, involved in their
Speaker 2: economics that is really getting behind it and starting to
Speaker 2: realize the free enterprise system that they have is then
Speaker 2: the opportunity. To be, very wealthy you know just recently
Speaker 2: we look at it and we, saw that the millennials
Speaker 2: and the gen zs are more entrepreneurial. Than any other
Speaker 2: generation we ALSO saw that gen z that. Comes after
Speaker 2: the millennials they're actually where the millennials started investing around age,
Speaker 2: twenty Five on average gen z's are starting to. Invest
Speaker 2: at age nineteen this is incredible, because in my generation
Speaker 2: we didn't started investing till. Much later in life we
Speaker 2: didn't have, for a one, case by THE way back, When,
Speaker 2: I started working. Yes i'm, that old you know iras
Speaker 2: didn't even come in. Until the mid seventies we Didn't
Speaker 2: see a roth. Ira until the nineties so all. These
Speaker 2: vehicles weren't there. We didn't have internet if you wanted to,
Speaker 2: open up an account what you had to do is
Speaker 2: you had to go down. To a local brokerage you
Speaker 2: had to. Fill out paper forms they had to check
Speaker 2: back check it and make sure you had enough money
Speaker 2: that it was worth their while. To talk to you.
Speaker 2: And it was difficult and then every time you want
Speaker 2: to make it you. Had to call them. It was
Speaker 2: Just crazy now gen z. They're born into this they
Speaker 2: get to wake, up in the morning, look at their
Speaker 2: phone decide they want, to sell buy something and tap.
Speaker 2: Something on. Their phone it's done they never. Had to
Speaker 2: meet Anybody they have zero the idea of zero cost
Speaker 2: trades didn't even come in into what, two thousand. And
Speaker 2: nine twenty. Ten it's just incredible but, They're living this
Speaker 2: now so investing is, getting EARLIER and earlier and i
Speaker 2: can see how making money and being. More productive is
Speaker 2: working you. Know where this works it only. Works in
Speaker 2: one place it's called the free enterprise System. Of capitalism
Speaker 2: of america this. Is where it worked this, is a
Speaker 2: system that more than, any other political system has brought.
Speaker 2: People out of poverty every country that Embraced, the freedom
Speaker 2: like America that came after, america and said hey we,
Speaker 2: Like what you're doing we're. Going to do this we're
Speaker 2: gonna give people freedom to work their, way out of,
Speaker 2: debt to come up, to lift themselves up not to.
Speaker 2: Depend on the government every country, that has done that
Speaker 2: that created a Free, enterprise system like america has increased
Speaker 2: the net worth, of their society substantially not, just at
Speaker 2: the top but more so, at the low end moving
Speaker 2: more people out of poverty than any other social. Or
Speaker 2: political system ever we. Have A great system and i
Speaker 2: think we have a great system because it was, founded
Speaker 2: on biblical principles those, principles we call stewardship those principles
Speaker 2: that we use to help Ourselves every day honor god
Speaker 2: by utilizing his. Resources TO his glory so i think,
Speaker 2: it's a, great thing you know. And think about this we,
Speaker 2: have the millennials now and they have a lot of
Speaker 2: time left and times very. Important in creating wealth and
Speaker 2: wealth itself doesn't. Generally happen over now it can and,
Speaker 2: occasionally somebody you know. Does get rich, overnight but we
Speaker 2: Read we read in proverbs. Thirteen that wealth Gained now.
Speaker 2: It's not proverbs thirteen it's the one where it says
Speaker 2: we wealth is, built little by little and and it
Speaker 2: dwindles away if it's if if. We realize it overnight
Speaker 2: what we have to Realize here is that god is the,
Speaker 2: god of the universe including, the physics of money and
Speaker 2: he knows. How to make, wealth, and he says, hey
Speaker 2: step by, step inch by inch it, put a little away,
Speaker 2: that little starts growing and then the growth on that
Speaker 2: little and a little, bit now start earning and so.
Speaker 2: It compounds over time it's a wonderful thing. We have
Speaker 2: in that so let's Hear, it for the millennials let's
Speaker 2: hear It for the gen z and Now we got jen.
Speaker 2: Alpha coming after them but the key here is they're
Speaker 2: all embracing this Free enterprise system of america capitalism that
Speaker 2: is based On the. FOUNDATIONS of biblical principles i really
Speaker 2: believe our nation was built On. The hand of god
Speaker 2: he put his. Hand on this, nation we honored him
Speaker 2: and if we, continue, to honor, him heck who knows
Speaker 2: we might even get. Out of, Debt again you, Know, elijah, could,
Speaker 2: Happen yeah yeah yeah and then then the then could,
Speaker 2: come on and say you know how we. Got out
Speaker 2: of debt we got out on debt by Humbling ourselves
Speaker 2: before the lord and following the Basic, instructions Before. Leaving
Speaker 2: earth the bible and when we get our government to
Speaker 2: start following those Physics of, money which god created was
Speaker 2: see a nation that will be the, strongest in the world,
Speaker 2: will dominate the world but hopefully we'll dominate. It with
Speaker 2: love again the number here is six' ten. Three six
Speaker 2: three eleven ten i'd love to hear what your thoughts
Speaker 2: are On, the millennials or the alphas or even your.
Speaker 2: PERSONAL questions that you have i know there's a, lot
Speaker 2: of chat going on and there's. Some good questions out
Speaker 2: there Call in Because obviously, WITHOUT seth and sam here
Speaker 2: i don't have time to be going in the chat
Speaker 2: as much as we. Do on a normal day so
Speaker 2: you'll have to call in to. Get. Your chat, questions
Speaker 2: answered today just today it's just one, of those, weird
Speaker 2: days also you, Know just for those wondering sam's. Out
Speaker 2: on a, Personal. Day nothing wrong there seth it's got
Speaker 2: a little, bit of a stomach bug and you cared
Speaker 2: enough about everybody, In the studio stay home so keep
Speaker 2: them in your prayers so that he gets over that
Speaker 2: stomach bug and He'll. Be with us hopefully monday you
Speaker 2: know that's. Going around. That stomach bug it is. It
Speaker 2: is cautious right now that's why you're in that, all
Speaker 2: glass cage right, now, Staying away from EVERYBODY right. That's,
Speaker 2: exactly what. I need Yeah that's safe that's why I'm In.
Speaker 2: My bunker, in saint louis you Know didn't? You, tell
Speaker 2: where i'm at, oh well it's, all right gonna, Be
Speaker 2: yeah it's. All right i'll be. Safe i'll be safe
Speaker 2: again the number six ten. Three six three eleven ten we,
Speaker 2: love to hear from you and we'd. Love to, hear
Speaker 2: your questions if not we're gonna. Be able to answer
Speaker 2: questions we got a whole bunch of email, questions and
Speaker 2: we have uh we have the phones and we, have
Speaker 2: the chat. So uh it'll be fun and, Then we
Speaker 2: have overtime today. So don't forget about. That we have.
Speaker 2: Overtime today it's Party. Day it's, that fun, friday welcome.
Speaker 2: BACK every one you know i want to take a
Speaker 2: moment here first to thank our partners and, thank our
Speaker 2: our our patriots thank everybody. Who's HELPING support the show
Speaker 2: but i Also Want. To Thank the timothy plan timothy
Speaker 2: plan was the first mutual fund company to invest. With,
Speaker 2: biblical integrity by prospectives now a lot of people, don't
Speaker 2: know What that means but what i'm going, to tell
Speaker 2: you right now it means that in the DOCUMENTS they
Speaker 2: file with the sec on, what they're going to do
Speaker 2: they say they're going, to invest with biblical, integrity not
Speaker 2: those exact Words but many words honoring god and saying
Speaker 2: That they're going to. Honor god with the investments and
Speaker 2: these are going to be investments for those people who want.
Speaker 2: TO do the same thing I am so proud That
Speaker 2: i was that art ali asked me to be on
Speaker 2: the board of directors, way BACK when it started and
Speaker 2: i got to be on the board of directors For Several,
Speaker 2: years WITH the timothy plan and, i saw what we're
Speaker 2: doing and we grew from one one fund to for
Speaker 2: funds and now. We look what, they have they, have
Speaker 2: ETFs they have funds, they have fun to fund they have.
Speaker 2: All the things somebody Need anybody who loves the lord needs,
Speaker 2: to invest with biblical integrity never Have to worry about.
Speaker 2: Compromising god's tenets of love it's the company that really
Speaker 2: makes me proud, of where We've Come, from because before
Speaker 2: timothy plan there was. Nobody doing this so effectively the
Speaker 2: whole bri movement was built upon, The Shoulders, of one
Speaker 2: man Ard Ali. Who STARTED the timothy plan so i
Speaker 2: am so proud to be able. To CALL him a
Speaker 2: friend and i don't know why, he hangs with me though. But,
Speaker 2: that's a, Different, story hey let's hey elijah. Let's. Go
Speaker 2: to the phones here It looks like We. Got, dorothy
Speaker 2: here in florida. Dorothy welcome to financial. Issues glad you're
Speaker 2: with us how? Are. You doing this?
Speaker 4: Morning, TERRIFIC how about yourself oh.
Speaker 2: I know Who this is.
Speaker 5: I'm.
Speaker 2: Doing i'm doing very good what's, On. Your mind this
Speaker 2: morning dorothy. Good, to hear from.
Speaker 4: YOU oh the same here i was just wondering if
Speaker 4: perhaps the millennials that are now doing well with their
Speaker 4: financial decisions and increase and their financial wealth has to
Speaker 4: do with the fact that probably over the, last ten
Speaker 4: years or so they started to receive financial education that,
Speaker 4: started with the young people particularly starting with that age,
Speaker 4: group back, in the nineties, late nineties early two thousands
Speaker 4: where they started to put. That, in the school system
Speaker 4: however we could do a whole. Lot MORE better with
Speaker 4: that but i was just wondering if you thought that
Speaker 4: that could probably be the reasons why the millennials are
Speaker 4: doing better and especially TRICKLING Down to the, gen Z.
Speaker 2: It possibly could and. I do, believe it IS you
Speaker 2: know there's another. I. Have another theory too uh there's
Speaker 2: a lot of surveys out showing millennials gen zs more
Speaker 2: young men and women are going back. To, church than ever,
Speaker 2: Before now think about this why are they going back
Speaker 2: to church and why are they taking control of their
Speaker 2: finances because they've. Lost hope they're a lot they were
Speaker 2: a lost generation because we. Had, the generation, before them
Speaker 2: uh you know with all the left winging politics and
Speaker 2: everything going on being shoved down their throats that they've lost,
Speaker 2: hope because, they're being told you know, they're not gonna
Speaker 2: own anything. And they're gonna like it you're gonna you're gonna,
Speaker 2: Have to get in line you're gonna, have to do
Speaker 2: you know it's socialism where you you. Can't realize your full.
Speaker 2: Potential all these different. Things they've lost all hope now
Speaker 2: they're going back and seeking that hope in the, right
Speaker 2: places In the churches In. The Bible and finding christ.
Speaker 2: Finding christ leads the stewardship stewardship leads to better financial
Speaker 2: management because, you realize It's not yours but it's god's
Speaker 2: And you're. Managing it TO his glory and that's i,
Speaker 2: think that's what's really happening is they're finding hope and
Speaker 2: they're realizing the best hope in the World Is, here
Speaker 2: in the united states where you have The Freedom To
Speaker 2: embrace the One true god and embrace jesus as your
Speaker 2: savior and take control of your life in the sense
Speaker 2: of Being able to start companies We just saw where
Speaker 2: gen Zs are entrepreneurs through the max where more almost
Speaker 2: six hundred thousand applications for new Businesses were put In
Speaker 2: in july. By gen zs. Starting businesses that's incredible, entrepreneurship
Speaker 2: ALL that going on and i, Believe, IT'S because they're
Speaker 2: realizing hey i have an opportunity most of. The WORLD
Speaker 2: doesn't have one is i can find, true hope In,
Speaker 2: the world UN true god and, too i have the
Speaker 2: strength the passion and ability to become more than just
Speaker 2: sitting at home playing video. Games on, A government dime
Speaker 2: you know i really. Believe, that's where it's at? DOROTHY
Speaker 2: what do?
Speaker 4: You think, i, absolutely agree excuse me yes we just
Speaker 4: see that pouring into the lives of these young people
Speaker 4: really really helps for, THOSE of us that, have i
Speaker 4: guess you say been through the fire and learn our.
Speaker 4: Lessons through the hard knocks is that we're Able to
Speaker 4: share this with and we just had a young man.
Speaker 4: That we've been ministering too, he's twenty five years old
Speaker 4: really hasn't had, a job over his lifetime and. So,
Speaker 4: he's been helping us however when we challenged him as
Speaker 4: to why don't you want, to really, get a job
Speaker 4: he says because there is no. Meaningful jobs there.
Speaker 5: For me.
Speaker 2: Then start it start, The BUSINESS you know Today, when
Speaker 2: I wanted TO yeah when i when i wanted TO
Speaker 2: start the first, business i started many. Many many many
Speaker 2: years ago it. Was all done on, paper there was
Speaker 2: no internet, there was no cell phones. THERE was nothing
Speaker 2: like that i had to sit DOWN and. Write it
Speaker 2: out i had there was no way for me to
Speaker 2: figure out all the legal terms and. ALL the legalities
Speaker 2: of it i actually had to go and get an
Speaker 2: attorney to help me work. Through that kind of, STUFF
Speaker 2: to figure it out i. Had to get an accountant
Speaker 2: now you can start a business online for whatever the
Speaker 2: fee is. In your state to incorporate you don't. Even
Speaker 2: have to go anywhere and if, you don't understand the
Speaker 2: question you just copy it AND paste it in the
Speaker 2: ai and it'll give you the legal terminology and. The
Speaker 2: risk and the concerns you can do so. MUCH starting
Speaker 2: a business now i think that has a lot to,
Speaker 2: do with the entrepreneurship now is that we. Can do so,
Speaker 2: much online by, the way speaking of businesses, for those
Speaker 2: Who Don't. Know this is dorsey kissler her and her
Speaker 2: husband have written and created an educational uh but financial education,
Speaker 2: for young, men and women, for teenagers for Pre Teens
Speaker 2: and it's called professor dollar that helps them understand what
Speaker 2: money is and how to use it and how it.
Speaker 2: Can enhance everything you're doing, How To. Handle your money
Speaker 2: professor dollar it's, Really. A really great information dorothy if, somebody,
Speaker 2: wanted information on that well? How can they get Information.
Speaker 4: I'll Go to the. Professor Dollar academy dot com.
Speaker 2: Professor dollar.
Speaker 4: And on THAT we also have another uh Setup that
Speaker 4: We have called minors to millionaires from, the classroom to
Speaker 4: the boardroom. So there's some information there we're still working
Speaker 4: on updating some Of the Information on, the minus to
Speaker 4: millionaire's website but they Can Definitely Go to the professor
Speaker 4: dollar academy dot com.
Speaker 2: And get more there, there and by the way They
Speaker 2: they both. Love the LORD so much sinny and i have.
Speaker 2: Become good friends with them they. They're they're just Incredible
Speaker 2: people They. Love the lord and Dorotha i'm so glad that.
Speaker 2: God brought our paths together, so thank you for that
Speaker 2: and thank you for calling in. AND joining me this. Morning,
Speaker 2: i really, appreciate it, Okay all right. BYE bye oh
Speaker 2: that's great i just love it when people you know
Speaker 2: call in and. Even people you, Don't, know speaking of
Speaker 2: that keith we only have, a Couple of minutes here
Speaker 2: so i'll hope you hold over until the next segment
Speaker 2: so that we can so that we can totally address
Speaker 2: your question here and. We will get to it, and
Speaker 2: the phones are open and we do have a lot,
Speaker 2: of chat going on here but we also have a
Speaker 2: lot of. Questions to be answering HERE one of The
Speaker 2: things i like, what dorothy said about education if somebody doesn't.
Speaker 2: TAKE you under the arm i remember my. FIRST my,
Speaker 2: FIRST real business i mean i had, a COUPLE of
Speaker 2: small businesses but i, opened up, a, music, store, you
Speaker 2: know guitars. Keyboards AMPS little recording studio but i. DIDN'T
Speaker 2: know anything about business i. DIDN'T know anything ABOUT marketing
Speaker 2: i just KNEW i loved, music AND i loved equipment
Speaker 2: and i WANTED to do this. And I love that
Speaker 2: industry so i did, that as a young man a gentleman.
Speaker 2: FROM an international, music COMPANY i met him the cfo
Speaker 2: of a, major company in the world took me under
Speaker 2: his wing and started. Teaching me about these things and
Speaker 2: it's ONLY because of that that, i became a decent
Speaker 2: businessman and It's only BECAUSE of the lord that i
Speaker 2: learned how to do it in. A way that honors
Speaker 2: him so, you put those two together. And it's a
Speaker 2: great thing we. Need to mentor the millennials we need,
Speaker 2: to be There for them the Gen z's and the
Speaker 2: gin alphas as a as a trek into this jungle
Speaker 2: of the called the. Economy called the stock market we need,
Speaker 2: to be there for, them not just financial. Issues BUT
Speaker 2: you as well when i LOOK at Our, chat AND
Speaker 2: i See, nelson AND i see justin and i see
Speaker 2: all these people that are are, Here on A, Regular, Basis,
Speaker 2: dave and darlene george lisa. You know all these people
Speaker 2: they have an intelligence that. CAN help the young person
Speaker 2: i want to encourage you to start mentoring young people because. That's,
Speaker 2: really where it's at well the number here is six ten.
Speaker 2: Three sixty three eleven ten that's six ten. Three six
Speaker 2: three eleven ten we got fifteen minutes left before we.
Speaker 2: GET to go to overtime i hope you'll. Be joining
Speaker 2: Us with that and now keith will get to you
Speaker 2: first thing. Coming back from this, break so hold on
Speaker 2: there and we got a couple more, slots on the
Speaker 2: phones opening so give us a call six tin. Three
Speaker 2: six three eleven ten.
Speaker 6: The opinions and recommendations expressed on this program do not
Speaker 6: necessarily represent the opinions of the station or. Any, of
Speaker 6: the program sponsors additionally all products or services offered by
Speaker 6: the program sponsors may not.
Speaker 2: Be known by the.
Speaker 6: Program welcome back to everyone the number here is six ten.
Speaker 2: Three sixty three eleven ten let's light up those Phones
Speaker 2: and let's get them let's get it filled up. For,
Speaker 2: overtime coming up here. Uh first of the week we
Speaker 2: didn't we didn't touch on it at. THE beginning of
Speaker 2: the show i just want, to Go through it again.
Speaker 2: One peter four to ten as, each has received the
Speaker 2: gift use it to serve one Other as good. STEWARDS
Speaker 2: of god's varied, grace i. Love that verse varied, grace
Speaker 2: we're each given different. Different gifts and different amounts it's
Speaker 2: Not what we have, that he's entrusted us with it's.
Speaker 2: What we do with it and we're to use it
Speaker 2: not only, to care for our families not, only to
Speaker 2: care for ourselves but to use it to, Care for
Speaker 2: others as. Well god's children as Well. Use it to
Speaker 2: glorify God. Use it to celebrate god that's what. A lot,
Speaker 2: of people forget You Know. Look at the old testament
Speaker 2: every time they woke Up and, realized how great god
Speaker 2: Was you had four million hebrews throwing a barbecue for
Speaker 2: a week. Or two or a month even so they
Speaker 2: knew How. To party for the lord sometimes it's. That
Speaker 2: wasn't cheap back then i'm. Sure it's not cheap today
Speaker 2: but we should use, it for The, same thing to
Speaker 2: celebrate god and Do, so not just on sundays but hopefully.
Speaker 2: Every day of the week. Let's go to our, phones, Here,
Speaker 2: We got keys yep. Keith welcome to financial issues. Glad
Speaker 2: you're with us? Today what's? On your? Mind? Good morning
Speaker 2: good morning.
Speaker 5: Uh? Ets for ON my mind. I've been i.
Speaker 2: Keep tracking that sounds like a country song to me? Ets, Are, On. My,
Speaker 2: mind georgia.
Speaker 5: Georgia Georgia.
Speaker 2: Yeah, e t. S georgia yeah.
Speaker 5: All right i keep tracking my Dividends and just how
Speaker 5: much i'm making and Just make sure i'm i'm i'm
Speaker 5: on the Income model and that's. What, i'm printer, CREATE
Speaker 5: income OKAY and uh i know ets, don't have a
Speaker 5: good dividend but they're supposed to are supposed, To, get
Speaker 5: interest rates also.
Speaker 2: Well it depends on THE type.
Speaker 7: Of.
Speaker 2: E t, f there Keith For Example the new timothy
Speaker 2: PLAN fixed in come et fu will HAVE they're they're
Speaker 2: looking at i think they're projecting BETWEEN four and six,
Speaker 2: percent uh yield on it so that that would be
Speaker 2: like your average bond or. Your average preferred or something,
Speaker 2: and so that's pretty good, especially since it's well diversified uh.
Speaker 2: To create, those that Yield so yeah not.
Speaker 5: Very you would that you will Be, in dividends or interest.
Speaker 2: Yes mostly in The In the in the timothy PLAN,
Speaker 2: fixed income e t f it. Would. Be in an
Speaker 2: income uh are you reinvesting your income or are you taking
Speaker 2: it out to supplement Your retirement, or or, Your.
Speaker 5: Right now right now i'm just building My cash with
Speaker 5: income with I'm building a cash and. I'm using that, about.
Speaker 2: Others oh all right So You know when.
Speaker 5: I'm, i'm I'm many Years old so i'll think i'm
Speaker 5: much happening to. Be, in the income model.
Speaker 2: Yeah when you're fine, Where you're at on IT i'll
Speaker 2: tell you what i like to. DO is with individual
Speaker 2: stocks i don't like reinvesting the. DIVIDENDS or the capital
Speaker 2: gains i like those going into a money, market account
Speaker 2: like you're doing but. With mutual FUNDS and ETFs the
Speaker 2: reason i don't like it going back into an individual
Speaker 2: stock is because over time that stock could get way out,
Speaker 2: of proportion for the. Portfolio and individual stock could but
Speaker 2: when you're when you're REINVESTING, them in into an. Etf you're,
Speaker 2: staying diversified, anyway there's somewhere you know between twelve and
Speaker 2: in a thousand different COMPANIES that are in that, Etf
Speaker 2: or that mutual fund so. You're getting the diversification anyway
Speaker 2: so it shouldn't it. Shouldn't take over your portfolio one
Speaker 2: one issue. Won't take over your portfolio but if you're
Speaker 2: taking them, as part of your. Income THAT'S a different
Speaker 2: story so i don't know if you just like the
Speaker 2: idea of taking all dividends and capital gains and and
Speaker 2: keeping it in cash so you can then go out and,
Speaker 2: find something else to buy or just keeping them there
Speaker 2: and then dumping them in at a at a time
Speaker 2: you think is more appropriate to be. Reinvesting in the same,
Speaker 2: things what's your philosophy there what's your, what's, Your, strategy
Speaker 2: Answer yes okay well praise god, and continue what you're
Speaker 2: doing because it sounds like. You're doing okay with it
Speaker 2: there's no. Right or wrong on that it's how. You
Speaker 2: best look at it and if, you.
Speaker 5: HAVE the well AGAIN if i go if i go
Speaker 5: in and look at the, at the at the. Dividends
Speaker 5: it's not that, much but IF it's interesting? How do i, find,
Speaker 5: that if that.
Speaker 2: Information well they'll be quarterly there'll be quarterly reports that
Speaker 2: come out.
Speaker 5: On.
Speaker 2: All your mutual funds uh you Also could go out
Speaker 2: to timothyplan dot com and you could look at their
Speaker 2: fact sheet. And. And their information there uh if you
Speaker 2: if You Could actually even call timothy Plan That's one
Speaker 2: eight hundred timothy plan and, talk, to somebody and say
Speaker 2: hey how often do you declare the dividends? And interest?
Speaker 2: On this et f uh and and uh how how
Speaker 2: and then tell them. What, YOU'RE trying to do well
Speaker 2: i want them to, come TO me in cash so
Speaker 2: i could put them IN the money market till, i
Speaker 2: DECIDE what to do or i, want them to be
Speaker 2: reinvested and they'll tell you. How, To Make that happen.
Speaker 5: Okay and i'm so happy. TO, hear, your previous Caller,
Speaker 5: I uh the professor dollar i've got a uh grandson just.
Speaker 5: Got his driver classes. Praise, goda looked.
Speaker 2: TO him yeah It's. Really i love the kisslers they
Speaker 2: they built this, as actually on biblical principles and then
Speaker 2: THEY'RE both they both Retired I think from the air
Speaker 2: FORCE and her with an. Nba and business and stuff
Speaker 2: but they. Wanted to help young, people but, then they
Speaker 2: realized you know a lot of people who need This
Speaker 2: wouldn't understand all these. Bible verses ahead in it so
Speaker 2: they paired that back a little bit, and so, that
Speaker 2: it's more it's more, it's accepted by more people but it's. All,
Speaker 2: BASED on biblical principles well, I, really appreciate your call
Speaker 2: keith thanks. For joining, us this, morning thank you thank
Speaker 2: you and thank you for helping out the young ones
Speaker 2: and mentoring them in. The ways, of biblical finance all
Speaker 2: Righty let's let's Go. To, justin here in texas justin what's?
Speaker 4: On?
Speaker 2: Your? Mind this morning?
Speaker 7: Hey mark. How you doing good.
Speaker 2: Morning i'm well. Good, to, HEAR from you.
Speaker 7: Yeah yeah i thought i'd call in and maybe let's
Speaker 7: talk about. The outlephant in the. Room and THAT'S the markets,
Speaker 7: SO what i did, yesterday i don't you know a
Speaker 7: LOT of, people Think that i panicked but i've been thinking.
Speaker 7: ABOUT this for a while i, started having, some eye
Speaker 7: opening you know just kind of looking At what's going
Speaker 7: On in japan and the korean markets and the over.
Speaker 7: Evaluation OF the tech sectors and i ended up selling
Speaker 7: all my tech, stocks that, were way overvalued you know
Speaker 7: if the pe, WAS well over you know i had a,
Speaker 7: LOT in, THE you know i.
Speaker 2: Thought i thought YOU did THAT justin Because I thought
Speaker 2: i saw uncle sam smiling yesterday knowing knowing the taxes
Speaker 2: he's going to. Get, on those capital gains.
Speaker 7: Yeah, So that's the downside well i've got, a lot of,
Speaker 7: Cash now but you know. I've GOT a tax bill,
Speaker 7: BUT i you know what i slept good last night,
Speaker 7: and AND so you know and i was talking to my,
Speaker 7: uncle and he's AN investor and, he thought i was,
Speaker 7: CRAZY but you know WHAT i slept, good and i
Speaker 7: feel good and my wife. Was in agreement, with it,
Speaker 7: SO that' mean you know i may, have Made a
Speaker 7: wrong decision but i've. Been investing more, In bonds but
Speaker 7: you know i'm, just kind Of You, know you follow
Speaker 7: warren buffett and they've got three hundred and, sixty five
Speaker 7: billion in cash but they've only invested. Twenty Billion in the,
Speaker 7: market and, i'm, thinkab why and it's well it's. Because
Speaker 7: a lot everything's overvalued so after, SEEING everything happen this week,
Speaker 7: i PULLED back a lot and i kept a, lot
Speaker 7: OF the mining stocks and i kept a, lot of,
Speaker 7: gold and silver and hey everything's doing. Actually great In
Speaker 7: those sectors and so i'm just going to go into
Speaker 7: the bonds right now and just kind of write it
Speaker 7: out and kind of. Look FOR some good deals but
Speaker 7: i just want to chat with you ABOUT it and
Speaker 7: see what i don't.
Speaker 2: Have, a problem, with that actually, you know my my,
Speaker 2: philosophy my theology on finance, on investing as a steward
Speaker 2: is the sleep, factor is so so important not just
Speaker 2: because of anxiety or ruining your, life with worrying About
Speaker 2: stuff but because sometimes god gives individuals a reason to
Speaker 2: be concerned their life is changing in a way. They
Speaker 2: don't even, know, ABOUT god is saying hey i need
Speaker 2: you in this position for our next step on. This
Speaker 2: path of great works so individually our path can diverge
Speaker 2: from The path of others because he created you uniquely
Speaker 2: for Exactly the great works, that he created for you
Speaker 2: and they're not always the. Same as for somebody else.
Speaker 2: So that's the main reason and the sleep Factor is
Speaker 2: so strong because god. MAY be calling you that i
Speaker 2: don't have any problems with people cashing in and locking
Speaker 2: in all those gains they've had for the last year
Speaker 2: or two or three. Year or, five or so you know. That's,
Speaker 2: NOT a bad thing now i wouldn't. Get, into a
Speaker 2: panic mode yeah we've had this month has been. Really
Speaker 2: rough in the markets we've had the markets Dribbling, down,
Speaker 2: for most of august really and that, should give, us
Speaker 2: some concern. Not fear but some, concern and with that
Speaker 2: concern we should, be looking at our portfolios. Maybe locking
Speaker 2: in some gains maybe, it's time to start looking and
Speaker 2: also at some tax loss harvesting as. Well to OFFSET
Speaker 2: those gains so justin i think you're. DOING what's right
Speaker 2: for you I. KNOW you love the lord i know,
Speaker 2: you INVEST with biblical integrity and i know you're intelligent
Speaker 2: and you put all those things together And you pay attention.
Speaker 2: To god talking to, YOU with the sleep factor i
Speaker 2: think it's. A great idea FOR others i, don't Think
Speaker 2: i would panic but i'd start saying there's nothing wrong
Speaker 2: with raising. A little cash right now usually the end
Speaker 2: of the third quarter beginning of the fourth quarter is
Speaker 2: when the some of the worst times. Of the markets
Speaker 2: have Happened so but we trust god. And That's what
Speaker 2: we do we're stuart's and we're. Gonna invest with biblical
Speaker 2: integrity god bless you will see y'all in about. Thirty
Speaker 2: seconds here in overtime
Speaker 1: We ever forget That, we're one nation under god then
Speaker 1: we will