Use the timestamps below to guide you better as a leader or individual:

Taking out a loan. 0:00
- The three big things to consider when deciding whether or not to take out a loan, and why going into debt is one of the biggest mistakes.
- The short and sweet answer to today's topic.
How to leverage your cash. 1:58
- Leveraging cash to get out of bad sticky situations and get yourself out of sticky situations.
- No other 1920 21 year olds know how to handle their finances.
The difference between business debt and personal debt. 4:07
- Understanding how to think about loans. First things first, is it a business or a personal loan.
- If your business is bringing in over a million dollars a year, most of most of your business debt will be considered personal debt.
- The first reason people take out a loan or a line of credit is because they might seek a loan to purchase real estate.
- Chris has a fail-proof idea. He has heard about 4000 people lose in their business because of failure-proof ideas.
How much money do you really need? 8:59
- Real estate is one of the safest investments that you can make right now. Over the long haul, it should continue to go up in value.
- When you are financially ready to make a purchase of this size, you have your financial ducks in a row.
The best way to save money. 11:39
- The best idea for a young couple is to buy the smallest thing they can possibly get in five years.
- At the end of 10 years, you will have a large chunk of change that you can put down on your forever home.
- The pros and cons of paying off a mortgage before buying a house, and why Chris believes that most people aren't prepared financially before they take out a loan.
- The cons of buying a home before paying taxes and repairs.
You’re inviting Murphy into your life. 16:12
- You're inviting Murphy into your life because what's going to happen is the AC is going to break.
- A prudent person with insight foresees danger coming and prepares himself for it.
Most people get a credit card because they want to be prepared. 18:05
- Most people get a credit card because they want to be prepared for an emergency. This is not how to prepare yourself financially.
- Most people don't want to think about the future.
What is the hardest work there is? 20:00
- Henry Ford thinking is the hardest work there is, which is probably the reason why so few people engage in it.
- The second biggest reason why people get stressed out.
- The best way to keep up with someone who is debt free is not to buy what they have, but to make smart decisions.
- Why business owners have the hardest time buying new stuff.
The third reason why people seek out a personal loan. 24:06
- Instant gratification puts us in the worst situations. The third reason why people seek out a loan or line of credit is debt.
- Financial problems are a human character problem, not a money problem.
Learn to leverage your present over your future. 25:49
- Leveraging future earnings to pay for something now or in the present is called going into debt. Instead, learn to leverage present over future, a savings plan.
- The pros and cons of debt, the pro is that you get gratification now, the con is you are now tied to the outcome.
- If you've been a slave to debt, talk to anyone who has gotten 100% debt free and ask them how it felt the first month.
- If not, get one.

30 Years Later - How It All Started For Chris Tomlin