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Chapter 1: How can I help my parents with their retirement plans?
There was one in ours and then one in the other.
Oh, man, I'm so sorry. Wow. How are you doing now?
I'm doing really good. Still have, like, some minor things that bother me, like my wrists. Uh, I have like 90% mobility and it used to be a lot worse, but that, and then my, my abs are still healing. I had, uh, I'd been two holes in my small intestine, a hole in my colon. So they had to get me wide open. That was quite the healing process.
Wow.
Yeah. Unbelievable. Okay. Well, first question is, um, If your income into the near future or the long-term future is affected, we need to set some of the money aside or whatever amount to offset that. Are you back to work? Are you moving again? I mean, what's happening with your income?
Yeah, so before the accident, I was... I can't even remember what I was doing. I don't think... I was working a full time job at the time. Um, how old are you? I, I've got my, I'm 23 years or 22 years old. All right.
Were you working on education?
No, I had gotten my EMT out of high school and then didn't like it and have done a bunch of like construction jobs.
So let me ask you this then. Okay. You're 23. You've got some aches and pains, but it sounds like you're largely healed. What's the 30-year-old Alex going to be doing with his life career-wise?
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Chapter 2: What should I do if my parents expect financial support?
Chapter 3: Is it too late for my parents to start saving for retirement?
A hundred percent.
Yeah. And you're there now way to go. And you're only 36. You're going to be so wealthy, so generous, so out of control. Well done y'all. Very, very well done. Very good stuff. So now that you're there, when you flip the switch and you paid off the mortgage, did you notice a change in the way just it felt?
Yeah. Yeah. It definitely feels different, especially every first of the month when that money doesn't come out of your account and you can see your account growing.
Budgeting gets a lot more fun when you get to just delete the mortgage payment out. You got property taxes and insurance, but man, that principal and interest not being there, that frees you up emotionally, mentally, financially. Yes.
Yeah.
It's huge.
Yeah. Way to go, you guys. I'm proud of you.
Thank you.
Who was cheering you on along the way? Your friends and your family and who else?
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Chapter 4: What boundaries should I set when helping my parents financially?
yeah yeah absolutely yeah you know uh yeah having your fist like this with money in it you know obviously if god tries giving you something it'll just hit the ground and so when you're generous and give to people god can also bless you more and uh so that's just how it works and yeah when you live within your means you don't buy stupid stuff you save your money
you can give to other people and that's just something that will never get old. And yeah, whether you've got a million dollars in your bank account to bless someone and get them a new car or just like the poor widow and the Bible and all you got is a coin, heaven is moved by generosity and it'll make your heart come alive when you do it.
Wow. Wow. So Instagram and TikTok sensation Jimmy Darts is with us. At Jimmy Darts is where you pick him up. You guys got to watch these videos. They'll make you work your tail off to get your act together so you've got some money. You'll live like no one else so later you can live. And give like no one else. They're inspiring. It's really, really inspiring.
We talked about, you know, I love the Rachel Cruz quote, give a little until you can give a lot. And so what Jimmy's doing with even the GoFundMe, I might only have a few bucks to give to this campaign, but what we're doing as a community to change someone's life is powerful and it makes you want to give more. Generosity is addictive.
Yeah, absolutely. Generosity is addictive. And, yeah, I mean, if all you have is a couple dollars to give, what's worth a couple bucks? A coffee. If all you have in your budget is $10 a month to give away and you buy a stranger a cup of coffee every month, it might be outside of your comfort zone, but it's going to blow them away. Because when's the last time someone bought you a coffee in line?
I can't remember that happened to me.
It was probably Dave Ramsey.
It probably was in the lobby here, but, yeah.
That's why we give away free coffee.
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