Action4Canada - How To Be Debt Free With Tanya Gaw And Tanner Hnidey, Jan. 8, 2025

00:00:00.000 Right. Let's suppose you've spent a little bit too much and now you find yourself underwater and you want to get out of it.

00:00:05.620 Well, firstly, don't, you know, expect this big win to get out of debt.

00:00:11.260 You know, if you're broke when you're poor, you can you can expect to be broke when or if you're rich.

00:00:16.640 I really believe that. I know I know a man who used to work at a bank and he had story.

00:00:22.000 He still has stories of how doctors, lawyers, you know, rich businessmen and so on have accounts.

00:00:31.200 And of course, it's all anonymous. I don't know who it is. But nevertheless, they have accounts riddled with debt.

00:00:36.100 You know, here they are making hundreds of thousands of dollars every year.

00:00:39.760 They're making more money than most men can fathom. And yet they're in debt.

00:00:44.260 And then you have regular tradesmen, carpenters or you have, you know, businessmen or you have oil and gas workers or teachers,

00:00:51.380 whatever it might be. And they walk into the bank and they're fine, even though they're not making the hundreds and hundreds of thousands of dollars.

00:00:58.820 And that's because the principle is very simple, right? If you can't stay out of debt when you're poor, you won't be able to stay out of debt when you're rich, right?

00:01:06.440 If you love to spend all of your money now, when you're, say, in the middle class, you will love to spend all of your money when you're in the high class, when you're in the rich class.

00:01:15.820 And we hear a lot of stories of rich individuals blowing everything they have somehow on all of these goods and services.

00:01:22.760 We are so pleased that Tanner Nadei is joining us on tonight's Empower Hour.

00:01:32.600 Tanner is an economist, speaker and author, a frequent guest on numerous television shows and podcasts.

00:01:39.180 And he also has his own website and podcast.

00:01:42.580 He's a powerful and knowledgeable speaker who unapologetically and passionately defends Christian values.

00:01:49.480 And tonight, he'll be providing suggestions and potential solutions to your concerns regarding the economy, how to make ends meet and how to live within your means.

00:02:01.040 Will you all please help me welcome Tanner Nadei.

00:02:04.040 Tanner, welcome. Thank you for joining us once again on the Empower Hour.

00:02:07.980 Oh, hi. Thank you for having me once again.

00:02:10.720 It was so much fun last time. It's my pleasure to be with you.

00:02:14.060 That's awesome. Thank you so much, Heather. And welcome, Tanner.

00:02:17.120 I was thinking about how am I going to start the new year off?

00:02:20.420 I first want to wish everybody a happy new year.

00:02:23.460 2025 is going to be quite a ride.

00:02:26.320 And 2024, you know, we saw the pendulum swinging.

00:02:30.140 The conversation, you know, in politics is changing.

00:02:33.580 The populist vote is winning across the world.

00:02:36.680 I really think that 2025 is going to be a good year for Canada.

00:02:40.400 But we're in for a bit of a fight right off the bat here.

00:02:43.240 And so then I'm thinking about, OK, how are, you know, people were worn out.

00:02:47.940 I was worn out come Christmas and I really needed a bit of a break and I feel reinvigorated.

00:02:56.220 And I'm looking at 2025 and I want Canadians to feel that way as well.

00:03:01.320 And I know after Christmas, a lot of people have the buyer's blues.

00:03:05.240 They have some, you know, regret when they look at their credit card and they need some encouragement.

00:03:12.040 And Canadians need to learn how to live within their means. 0.97

00:03:16.180 And that's not something that they're teaching our kids in school.

00:03:19.760 I think it was, you know, like the some of the terms that they use are swipe now, brag later and no cash, no problem.

00:03:28.660 And I think, Tanner, you're going to bring a great perspective to that.

00:03:32.480 And I hope that it will help our viewers plan for this year to have a more positive outcome at the end.

00:03:40.660 And so, yeah, just really looking forward to your presentation.

00:03:45.400 Well, thank you.

00:03:46.120 Yes, I think you're completely right.

00:03:47.560 We have, especially in Western society, it seems where we become, you know, we've become comfortable with the abundance that we're blessed to enjoy in this country and countries like it.

00:03:58.040 We now have a spending problem, certainly.

00:04:00.980 And we're going to talk about it tonight, as you mentioned, and how to conquer that spending problem so that we're not crippled with debt, which, as you know, so many Canadians tragically know, is so overwhelming that it forces them into a very dark and desperate place.

00:04:18.940 So I have a small presentation.

00:04:20.960 I created a PowerPoint, so I'll share my screen.

00:04:24.100 I've titled this little, you know, this little presentation, The Dangers of Debt, because, of course, the official title is How to Be Debt Free.

00:04:31.860 So this is The Dangers of Debt and How to Be Free of Debt and The Dangers of Debt.

00:04:37.000 Now, before I begin, I just want to note, as I know Tanya and so on notes, that this isn't intended to be, you know, an individual presentation for, you know, individuals who have specific issues, right?

00:04:51.940 That is for a financial advisor, a personal financial advisor or advisors to try and work through, because everyone's situation is different.

00:04:59.800 You know, there's different incomes and different levels of debt and different reasons for debt and so on.

00:05:05.120 So instead of that, rather, this is, you know, this is just a general overview, some very general principles that I think we as Canadians and just as rational individuals ought to apply to be free of debt.

00:05:19.560 And I might, you know, I might tell the audience to begin that I think it's best to read through the Proverbs and Scripture in general, but the Proverbs, you know, they have so much information on spending, why spending, why saving, and how to deal with money that I think it's invaluable to read through them and to take the general principles that they preach and apply them to everyday life with money.

00:05:45.040 So all that out of the way, we can begin. So firstly, we're talking about debt. Now, there are really three types of debt. We're only going to be dealing with one type tonight, but there are three types, and it's important to differentiate between them. And we'll see why in a moment.

00:06:01.260 So we have personal debt, right? And that's, you know, that's where we get the classic, you know, neither a borrower nor a lender be. That's, you know, debt that happens on the individual level.

00:06:10.160 Then you have commercial or business debt, right? And this is when a business or an enterprise raises capital now to fund their enterprise, and then they can pay back that loan or that debt in the future. And then you have public debt.

00:06:24.560 And this, of course, we know all too well, right? Here you have government that is, in my opinion, stealing from future generations by forcing future generations who aren't even born yet to pay for goodies, you know, services and so on, which aren't ever very efficient, that are happening right now.

00:06:44.340 So we are shackling these future generations with an unfathomable amount of debt that they're going to have to pay back, even though they're not the ones voting for it. I think it's wrong. I think it's stealing. And of course, it's this flag that's happening across Western society.

00:07:00.120 Now, tonight, we're just going to be focusing on personal debt. We'll make it simple. We're just going to focus on personal debt at the level of the individual, right? I'm, you know, or I might be in debt, or you might be in debt, and credit card debt, and all of those particular issues.

00:07:16.840 Now, when we look at personal debt, right, we can see that there is what's called good debt. And I say that term begrudgingly, and then you have bad debt. Here's what I mean by that. Good debt is debt that is used for future enterprise for productivity, and it's backed by a real asset. So there are certain things, you know, that we need right now to make money right now, actually a lot of money right now.

00:07:45.340 And then we can pay back that loan in the future, right? By taking out a bit of debt right now, or taking out a bit of money right now, you know, pulling out a loan, we can increase our productivity to such a degree that we will be so successful in the future, we'll be able to pay back that debt relatively easily. And more than that, the debt which we take out right now is backed by something real. So the example I'm thinking of is the trucker buying a semi, right?

00:08:13.100 So he drives truck all across the province, let's say he hauls grain, and he needs a truck. Now you or I or regular truck drivers can't just up and go to their bank accounts and buy a semi, it costs a lot of money to buy a truck, you know, you have hundreds of 1000s of dollars worth of material and goods and so on contained in that truck. But you need it, if you're going to make money. And so you take out a loan now, right, you go into debt.

00:08:38.540 But that debt allows you to increase productivity, right, you can start driving truck and hauling grain across the province. And then you can pay down that debt with the new income that you're earning. And, of course, the semi the truck itself is a real asset. So if you have to liquefy it quickly, if you have to sell it fast and pay down that debt quickly, because you know, something's happened, you can do so.

00:09:03.240 So we in economics consider that good debt, if there is such a thing, and then you have bad debt. And this is the debt we're going to focus on today, personal debt, and bad debt. Now a bad debt is considered in the economics world, something which one is not used for productivity, instead of allowing more productivity, rather, it's a burden on productivity, and it's not backed by anything real.

00:09:28.940 So you and I know a lot of parents, right, who have, as you mentioned at the start, Tanya, paid a lot of money into Christmas presents and toys here over this last month. Now, those toys aren't exactly easily liquefiable, right? If you buy a toy for $300, it's not like you're going to sell it for $300. On the contrary, it loses value very quickly. Or, you know, if you buy a new makeup set, that's very expensive, you know, for your daughter, you can't just up and sell that.

00:09:57.280 And it's also not used for productivity. It doesn't allow you to earn more money. I'm not saying Christmas presents are bad. I am saying that it's very easy to go into debt by overboard spending in this particular area. You know, the first example I used with good debt was a semi, because I said it increases productivity. In this case, with bad debt, if we stay on that vehicle metaphor, you might say bad debt would be buying a Camaro or a Corvette or a Mustang, right?

00:10:24.880 That vehicle, although it might be nice, doesn't allow you to increase your productivity very much. True, you can sell the car quickly, fine, so be it. But it doesn't make you more efficient. It doesn't allow you to earn more income. So you can see the difference. Very simple.

00:10:39.460 Okay, so now that all that's out of the way, now that we have all that jargon out of the way, we can head to the topic, we can focus on the topic of how to be debt free. There is, of course, a very famous quote by Thomas Jefferson, who said, never spend your money before you have it. That's the principle.

00:10:56.460 Now, of course, Thomas Jefferson died in debt, but it wasn't entirely his fault. He was shackled with the debt that was beyond his control, family and so on. But that principle holds true. The best way to be debt free is to not go into debt. That's the easiest way to be debt free, right? On the simplest of levels, the best way to be debt free is to avoid debt altogether, and not put yourself into a position where you're in debt.

00:11:24.360 It's the same with tyranny, for that matter. You know, Chesterton has this wonderful quote, where he says, you know, a tyranny is never present until it's omnipresent, you know, which is so true, you know, tyranny is never here until it's right on top of you. And he says, the best way generally, to resist a tyranny is to resist it before it exists. So he's exactly right about that. And so to here with debt, the best way to resist debt is to not allow yourself, right, if at all possible, to not go into debt.

00:11:54.360 It makes it so much easier than trying to, you know, struggle your way out of it. And that's what I have here. You know, you don't spend what you don't have. That's the principle. If you don't have it, don't spend it. That's the easiest way to stay out of debt. And that seems to be common sense, right? You and I, that makes sense. If I don't have a million dollars, I probably shouldn't go out and spend a million dollars.

00:12:16.340 So why is it then, the funny question, why do we have this problem, where we are so eager to spend as much money as possible on all of these goods, many of which we don't need, right? Why exactly do we need the mansion, as nice as the mansion might be, instead of the average sized family home?

00:12:35.280 And in large part, as I've put at the bottom of this slide, the reason is because of interest rates and the central bank. This is true in Canada. This is true in America. This is true all across the quote unquote civilized world.

00:12:47.080 The theory or the reality looks like this. When interest rates are low, it's a signal to you and me that we should spend as much as we can, because it doesn't pay you to hold money right now. Get rid of your money. It doesn't cost you. And I'm using quotes. It doesn't cost you a lot to spend it right now. So spend as much of it as you can. When the interest rates are high, then you save because it costs you much more to spend.

00:13:12.460 So in Canada, the central bank said, we're going to keep interest rates as low as possible. We want as much spending as possible. So they submerged those interest rates for a long time, right? They held it as close to zero as possible. And Canadians, because they were given that signal to spend, started spending and they started spending a lot, right? They were told by the central bank and by politicians that, oh, interest rates will stay low forever.

00:13:41.540 You can purchase that massive house, no worries about it, and you'll be able to keep on making payments. It's not a problem whatsoever, right? You'll do this forever and ever. And that'll be that. But of course, interest rates didn't stay low, right? Interest rates eventually rose.

00:13:58.440 And all of a sudden, that young couple who shackled themselves with this huge house, with mortgage payments that they were barely getting by on with that low interest rate, found themselves swimming in these payments they could no longer maintain. Why? Because the interest rates rose, and their mortgages rose, and all of a sudden they were in a desperate position.

00:14:21.500 So in large part, bureaucracy, Canadian bureaucracy, American bureaucracy, big government, big bureaucratic actors, have encouraged us to spend as much as possible by keeping interest rates as low as possible. And so Canadians have done so. And Americans, we've spent and spent and spent. And the government says, well, this means the economy is great. It's fantastic, right? Everyone's spending.

00:14:48.140 So they must have a lot of money. But of course, that isn't true. Instead, it's that we're spending a lot of money, which we don't have. So the principle is simple. Don't spend what you don't have, right? Don't spend what you haven't earned yet. If you can keep that principle center focus in financial life, then you'll find it's very easy to get out of debt, precisely because you'll be in the most minimal of debt or no debt at all. That's ideal.

00:15:15.980 But now let's suppose you're in debt, right? Let's suppose you've spent a little bit too much, and now you find yourself underwater, and you want to get out of it. Well, firstly, don't, you know, expect this big win to get out of debt. You know, I have a quote here. I guess not a quote. I wrote it. But it says, if you're broke when you're poor, you can expect to be broke when or if you're rich. I really believe that.

00:15:39.360 I know a man who used to work at a bank, and he had a story. He still has stories of how doctors, lawyers, you know, rich businessmen and so on, mostly, but not so much businessmen. I should be more careful.

00:15:54.580 Professionals who, although not working in business, make a lot of money, like lawyers and doctors, etc., would come into the bank all the time. And they would have accounts. And of course, it's all anonymous. I don't know who it is. But nevertheless, they have accounts riddled with debt. You know, here they are making hundreds of thousands of dollars every year. They're making more money than most men can fathom. And yet, they're in debt.

00:16:21.500 And then you have regular tradesmen, carpenters, or you have, you know, businessmen, or you have oil and gas workers or teachers, whatever it might be. And they walk into the bank, and they're fine, even though they're not making the hundreds and hundreds of thousands of dollars. And that's because the principle is very simple, right? If you can't stay out of debt when you're poor, you won't be able to stay out of debt when you're rich, right? If you love to spend all of your money now, when you're, say, in the middle class, you will love to spend all of your money when you're in the high class.

00:16:51.480 When you're in the rich class, we hear a lot of stories of rich individuals blowing everything they have somehow on all of these goods and services. And so it's not as though if you're in debt, you can just sit there and say, well, once I win money at the casino, then I'll be out of debt and I'll be good financially. Nope, doesn't work like that. If you're not financially literate now, you won't be when you or if you make it big.

00:17:14.900 Secondly, if you're in debt, don't. Don't try for this big, you know, long shot investment. I've got a tip from my stockbroker friend, and it's going to take off and then I'll be rich. No. Instead, read this book or books like it called The Richest Man in Babylon. I think it's a wonderful, wonderful financial book. And really, the principle of The Richest Man in Babylon is this. Well, let's be financially literate. And it's the principle is live very simply, right?

00:17:44.900 Instead, exercise common sense with your money. Don't invest with someone unless you are guaranteed that he or she knows what they're doing, knows the market, knows what's going to work, and so on.

00:17:57.520 If you're in debt, pay it down steadily, and, you know, make serious attempts to make amends with those you are in debt to, and so on, and so on, and so on.

00:18:08.040 These simple, biblical, financial principles apply to everyone, and when exercised, do a man or a woman much more good than what we try to do on our own.

00:18:21.780 So, you know, again, the principle is very simple. It's just live simply. That's the general overarching principle. And finally, if you're in debt, don't, and this is very tempting, right? Put your hope and faith in government. Don't crawl to government and say, I need your help. I pledge my allegiance to you, right?

00:18:41.020 I firmly believe, I really believe this, government's entire plan, the federal government's entire plan is to force Canadians so deeply into debt that Canadians have absolutely no choice whatsoever, but to crawl on the steps of the House of Commons and say, please, can I have a handout? Please, can I have some bread to feed my children? Please, can I have this or that so I can go on living in this subjected state of existence?

00:19:08.020 And government will go, oh, yeah, absolutely. Here we are, your savior. You just have to pledge your allegiance to us. You just have to keep voting for us. You just have to keep allowing government to get larger and larger and larger and larger. I firmly believe that's the strategy. It's actually called the Cloward-Piven strategy. There was, I don't know, I can't remember if they were sociologists or psychologists or what they were. It's online.

00:19:34.240 But Mrs., what's her name, Frances Fox-Piven, and I think it's Richard Cloward, I think is his name. They come up with this strategy in the 60s or 70s, and they basically say, what governments ought to do, what socialist governments ought to do, is throw the entire nation into chaos.

00:19:51.140 And then once the nation has been thrown into chaos, the governments should march in there, hailing themselves as saviors. I'll give you this, I'll give you that, I'll bring back order.

00:20:01.260 And so by doing so, you introduce all of these new programs and all of these new organizations and rules and regulations into society without society so much as putting up a hand against it. Society is so concerned with their own little neighborhoods, as they ought to be, that they don't recognize governments swooping in and increasing the size of their power and position.

00:20:26.940 Now, C.S. Lewis wrote about this actually before the Bowered Piven paper came out. We tend to, you know, recognize Lewis for Chronicles and Arnia and Screwtape Letters and so on, but he has a lot of wonderful essays.

00:20:39.460 One of those essays is called Willing Slaves of the Welfare State, and I believe everyone should read it. And in that essay, Lewis talks about how much more efficient it is for government to subject the people using economics rather than, you know, military tools.

00:20:57.400 It's much more convincing, it's much more effective for a government to take away a man's ability to feed his family than it is for them to march on the streets with soldiers and tanks.

00:21:10.900 So Lewis is recognizing that government, using economics, will subject its people that way. So too here in Canada. I guarantee they want all Canadians so deep in debt that no one is able to swim out except to, and this is false, right, grab the hand of government.

00:21:26.400 So resist at all costs the desire to go to the feds for help.

00:21:31.980 So now that that's done, here's what to not do when you're in debt. Here's what to do when you're in debt. If you're in debt, do one, cut spending.

00:21:39.260 I'm a firm believer of this, and I, you know, we speak about it to governments too. If the bathtub is overflowing, right, if you've turned on the tabs and the tub is overflowing, the first thing to do is turn off the faucet. You have to, right?

00:21:51.800 You can say, oh, we could just build a higher bathtub. We could just build onto the tub and let the faucets keep running. But of course, by the time you build up that tub, the floor is already going to be ruined and your bathtub is going to fall through the ceiling.

00:22:05.240 So the first thing to do instead is stop the spending, right? If you are overspending, then you need to stop overspending. If you are living beyond your means, then you need to stop living beyond your means.

00:22:16.640 And that takes financial, that takes a lot of financial restraint, of course. That takes a lot of discipline. That takes a lot of self-control. No one's denying that. But it's a necessary step that one has to take.

00:22:28.740 You know, if we're spending on something frivolous every single day and we're in debt, perhaps it's time to start there. Stop spending on the frivolous things and restrain the spending.

00:22:40.140 Like I know the classic example is coffee shops. You go to a coffee shop and in today's inflated age, medium coffee with whipped cream on top is $10. And on one day, it's one thing. But when you get one of those every single day over a period of a month, right?

00:22:55.640 You've all, all of a sudden you've amassed $300 worth of spending just on coffee. But it's more than $300, isn't it? Because what could you have done with that $300 had you not have spent it on coffee?

00:23:08.120 Well, you could have put it into savings, right? Or you could have put it into an investment. And over the next few decades, that investment would have grown and it would have grown, you know, according to the principles of investing.

00:23:20.840 And when you retire, you would have who knows how much thousands of dollars at your disposal that you now won't have because instead you spent it on, you know, some particular coffee from a coffee shop.

00:23:33.620 Now, again, I'm not saying we should deny ourselves every single little pleasure like that every day. No. But I think if we're spending on all of these frivolous things all the time, then it becomes a problem. And scripture, scripture agrees. So stop spending.

00:23:47.720 Next, pay with cash. Okay, so there are two types of, there are two types of accounting in the accounting world. There is something called cash accounting. And there is something called accrual accounting. Now it works like this, and this is very important for credit cards and the like.

00:24:07.860 If you budget your home based on a cash accounting style of accounting, you in essence say this, if I have $100 on my table, that $100 is mine until it physically leaves the location and is sent to somebody else.

00:24:27.740 So even if I today spend $100 on, I don't know, a TV and internet bundle, as long as I have that $100 on my table, then it's mine. Even though I spent, you know, I put my TV internet bundle on my credit card, I don't pay that till the end of the month anyway. So I still have $100 in my bank account. That's called a cash style of accounting.

00:24:49.940 Now an accrual style of accounting says this. It says I have $100 on my table. Fine. But today I put a bill for my internet and TV of $100 on my credit card. Well, as far as I'm concerned, even though I don't pay that credit card bill until the end of the month, that $100 from my table is gone. No longer here. I can see it physically fine, but it's actually been paid to whoever, to Rogers or to Telus, whatever it might be.

00:25:19.940 That's an accrual style of accounting. Now with credit cards, this is the danger. With credit cards, we have deceived ourselves into using a cash style of accounting for our home budgeting, when we should be using an accrual style of accounting.

00:25:35.880 So I have a pile of money here, $1,000. Wow, it's all mine. And then I go out and I spend and spend and spend and I put everything on the credit card, that easy piece of plastic. And I put, how much did I spend in a day? $2,000 on a credit card in a single day.

00:25:51.740 I come back home and I say, well, I still have $1,000 here on my table, so I'm doing pretty well. When in reality, I've already spent $2,000. Even though I don't pay that card bill until the end of the month, I am $1,000 in the hole today.

00:26:07.420 Because that cash, that $1,000 has to be used for paying the credit card bill. And so instead of using that cash style, which says I have $1,000 right here, even though I just spent $2,000, we should be saying, huh, I've spent $2,000 today.

00:26:24.420 I only had $1,000 and so I have to, you know, make up the debt. Now, the nice thing with paying with cash, right, the nice thing about paying with cash is that it immediately hurts your wallet. We like that. Even though we don't really like it, as economists and people who want to be financially responsible, we do.

00:26:44.160 It is far more difficult to pull out a $50 and pay for a toy that's $50 with cash than it is to pull out a piece of plastic and pay for it by swiping. I don't know what it is, but there's something different. You feel the immediate effect of spending money when you use cash. You do not feel that immediate effect when you use a credit card, right? There's a difference there.

00:27:05.540 So I am in favor if, you know, whenever possible, paying with cash or if you have to use a debit card, right? Again, I'm not saying, you know, destroy every single credit card you have, not at all. Instead, I'm just saying that they are very devious in that they make you feel like you're not paying anything at all until the end of the month. And by then, of course, it's too late. So cash is nice because you feel it right then and there.

00:27:33.600 And finally, finally, if you're in debt, right, do focus on Jesus Christ. So the general principle of this entire lesson, right? And again, it hasn't been very specific because it can't be. Everyone's situation is different and everyone's going to have to, you know, move out of debt in their own unique ways according to what their financial position allows.

00:27:55.700 But the general principle of this entire presentation has been don't spend what you don't have. And if you are in debt, work your way out of it very rationally, you know, work hard. Don't spend so much. Stop deferring all of your, you know, spending payments. Instead, pay them right now so that you feel them and so on and so on and so on, right?

00:28:20.000 It's that simple principle of not spending what you, uh, the simple principle of don't spend what you don't have. And if you do have to spend, say on a house or on a vehicle, then do your best to ensure that one, it's easily liquefiable.

00:28:35.480 So if you have to pay off the debts immediately, you can. And two, do your best to ensure that it allows you to increase your productivity. You know, I am an, if a man has to buy a truck, a semi, to increase his trucking business, by all means, because he can liquefy it easily, one, and it allows him to earn a lot of money, more than he would otherwise be able to if he wasn't driving truck.

00:28:59.540 And of course, we need homes and so on too. Now, we might not need the big mansion that everyone wants, right? We might not need that massive home, which puts us in debt for 60 years kind of thing. But of course, we need homes. And of course, they're also liquefiable. Now, how certain the payment is going to be when you do liquefy is up for debate. But nevertheless, you can generally sell a home unless you're in a huge depression, like we saw a decade and a half ago.

00:29:27.240 So those are the principles, right? The principles are don't spend what you don't have. And if you have done so, work your way out slowly, stop spending and use cash and, you know, basically make money and make more than what you are spending. That's the that's the principle. Finally, if you're in debt, right, do focus on Jesus Christ.

00:29:47.680 I made this the last slide because it's unique, right? As Christians, we have the special privilege and pleasure of knowing that our Father in heaven provides for us each and every single day. It is the most wonderful test of faith to every single day, drop down on your knees on your bed or at your bed and pray to the King of heaven for your provision.

00:30:11.340 You know, there are so many stories of George Mellor. We call him Mueller, but it's Mellor. There are so many stories of this English man who lived in the 1800s named George Mellor, and he started these orphanages.

00:30:24.520 And his story of faith and prayer and asking for provision through Almighty God is the most remarkable in my, or one of the most remarkable stories in the past, oh, how many hundreds of years. It's incredible. If you haven't read his story, you must.

00:30:40.520 Because he details in very acute description just how desperately and carefully he had to rely on the Lord every single day to meet not only his needs, but the needs of the orphans that he took care of. One such example.

00:30:56.460 You know, here's Mellor with all of these orphans, you know, a huge amount of orphans in the orphan house, and they have no bread. They have no breakfast. They're, you know, they're broke. There's no breakfast at all.

00:31:06.360 And yet, Mellor has all of these orphans sit down at the breakfast table. He sits them down, and he has them bow their heads, and all of them pray. Mellor prays at the head and says, we thank you so much, Almighty God, for the breakfast that you have provided for us today.

00:31:21.120 Even though there's no food, right? There's nothing that's been provided yet. They are sitting there with empty plates and no money to pay for it.

00:31:27.420 Well, the moment that Mellor finishes his prayer, there's a knock at the door, at the orphanage door. And sure enough, it's the milkman, who has extra milk, a whole bunch that he has to either give away or dump out.

00:31:38.680 And so he brings in the milk, and all of a sudden, all of the orphanages have milk. And then, not a second later, here comes the baker, who, with the same problem, has to give away a whole bunch of bread.

00:31:48.720 And so, in that, right, the orphans were cared for. All of their needs were met. I put here on the slide, your manna from heaven, right? We have the story of Israel wandering for decades in the wilderness, and God provided manna and meat every single day.

00:32:04.820 And they were to gather enough for that day, and only for that day, lest it spoil, right? It is a wonderful test of trust.

00:32:14.520 But to close out the presentation, I wanted to end with a sort of twist. What I mean to say is this.

00:32:21.300 There's a story in Mark. It's in a lot of Gospels, I think, actually, but it's certainly in Mark. It's in Mark chapter 10.

00:32:26.980 And there's a rich man. We all know the story, right? There's a very rich young ruler, is the definition or the description that's given to him.

00:32:35.420 And he comes to Christ. Here's Christ walking around. And this rich young ruler says, you know, oh, Lord, oh, Lord, I've done all of these things.

00:32:42.460 You know, I've been good. I've kept the law. I've done everything I'm supposed to do.

00:32:45.980 I have, you know, I've excelled in all of these areas of Torah. What must I do? You know, what must I do to have life, be saved?

00:32:56.880 And Christ says, you know, keep the law. And of course, it's grace. But nevertheless, he's trying to get something out of this man.

00:33:03.780 And the man says, I've done that. I've done everything. And Christ says, all right, then go and sell your possessions.

00:33:08.900 You're a rich young ruler. You have a lot of things, so many things. Go and sell them all and come follow me.

00:33:14.860 Because, of course, that's the way to salvation. Follow Christ. Believe in Christ.

00:33:19.340 And what happens, right? The rich young ruler turns around and he hangs his head and he walks away sad because he's unwilling to part with the possessions.

00:33:29.780 So we tend to think, here's the moral of the story. We tend to think that the rich are very good with money.

00:33:35.880 But the truth is, money is often very good with the rich. You see the difference.

00:33:41.080 We have this idea in our head that once we're out of debt, then we're fine.

00:33:45.980 We're, you know, we're going to be, we're ruling our money and it's working for us and wonderful.

00:33:51.100 But we have to be so careful because so often, the more money we have, the more it rules us or the more it rules us.

00:33:58.520 I am of the firm conviction that many rich men are in debt.

00:34:03.700 Now, they might not be in debt the way that you and I understand it, but they are certainly in debt to money.

00:34:09.400 Because as far as they're convinced, money is their salvation.

00:34:12.680 They need nothing. What do they need? They have everything through cash.

00:34:15.920 They can go and buy whatever they want and they're not in debt.

00:34:18.340 They can go and buy a yacht. They can buy a boat. They can buy a car.

00:34:21.820 They can buy the most expensive and luxurious of homes and vehicles and pleasures and all of those things.

00:34:28.080 And yet, they are more in debt to money than the poor widow who every day kneels by her bed and prays to Almighty God for her provision.

00:34:38.160 She's the one who's truly free. The rich man isn't free, right?

00:34:41.660 He is held hostage by money. He is totally indebted to money.

00:34:46.180 He has no freedom whatsoever.

00:34:47.600 But the poor woman, the poor widow who has no money, right? 1.00

00:34:51.440 The one who is day by day praying for or to Almighty God to meet her provision is free.

00:34:57.920 She's truly free because she is not shackled by the false security that gold and wealth and money provide.

00:35:06.860 So, that's my short presentation about debt and how to be free of debt.

00:35:12.620 Ultimately, the answer is Jesus Christ.

00:35:14.580 If you want to be free of debt, and this isn't a prosperity gospel presentation, of course not.

00:35:19.680 This is just to say, if you want to be free of debt in all its forms, free of the stress that money brings, free of the stress of not being able to make ends meet,

00:35:29.200 and all of these other issues that assail so many across the world, the answer ultimately is Christ.

00:35:35.340 Thank you, Tanner.

00:35:39.120 I was sitting here making all kinds of notes, but that was an excellent, clear, and precise presentation.

00:35:45.180 And I think it's easy for anyone to follow as long as they will make that decision to be disciplined and committed to do so.

00:35:54.800 And I think that's the key to it, right, is that our listeners are thinking, yeah, but I like that caramel macchiato at Starbucks, you know, five times a week.

00:36:05.560 And I like to go golfing, to the movies, to dinners.

00:36:09.820 I was just trying to think of some examples.

00:36:13.220 You know, people want their Netflix, their internet, their cable.

00:36:16.240 They have become so accustomed and so used to having these pleasures that they really don't know how to live a simple life and live without them.

00:36:24.760 And I was seeing the chat blow up with individuals, and I happen to know, I think every single one of these people happen to be Christians who are saying,

00:36:35.400 and, you know, not in the startup of their lives, these are not young people, but they say, I am debt-free.

00:36:43.260 And they had to make those commitments in order to get to this place.

00:36:49.660 And so I'll just finish by saying, when I sent out the weekly action on this, I made the comment, I said,

00:36:56.280 it really is time to get back to basics and some good old-fashioned ways of thinking.

00:37:01.900 You can only spend it once, so if you don't have it, don't spend it.

00:37:05.800 It worked for Ma and Pa, and it can work for you today.

00:37:09.160 And I just think that that's the reality.

00:37:12.180 I mean, I have two kids who are adults now, and I watched the generation as this thought process has changed,

00:37:21.880 not for a lack of what I taught them.

00:37:25.280 And as far as spending your money, you can only spend it once and save,

00:37:29.620 which, you know, is absolutely what we need to be teaching our kids,

00:37:33.720 but it was what the rest of the world is teaching them.

00:37:36.800 That is undoing, you know, the work that we're doing, spend now.

00:37:42.160 And then, of course, so many of our young people feel helpless because of the cost of living.

00:37:48.200 So can I ask you to address that?

00:37:50.800 So we've got young people who are paying the least amount of rent they can.

00:37:56.720 And they're starting a family.

00:37:59.120 They go to the grocery store.

00:38:00.800 Two bags of groceries is costing $200.

00:38:03.780 How do you speak to those individuals today?

00:38:08.820 It's difficult.

00:38:09.860 That's how I do it.

00:38:10.620 It's difficult to do so.

00:38:11.540 You know, we're not the first ones to ask this question.

00:38:14.840 Remember the talk show host Donahue, Phil Donahue?

00:38:17.380 There was a very famous economist, Milton Friedman, who was on this show with Phil Donahue years and years ago.

00:38:26.000 And this was during the inflation roar of the late 70s before Reagan was elected.

00:38:31.660 And a member of the audience asks Friedman, again, he's this famous economist.

00:38:35.700 Even those who aren't economists know who Friedman is.

00:38:38.880 They asked him, how exactly are we supposed to live in this inflated age?

00:38:42.180 What can I, as an individual, do to, you know, maneuver around this inflationary crisis, which is crushing, as you mentioned, my ability to buy groceries and pay rent and so on?

00:38:55.000 And Friedman has actually a very almost hopeless answer.

00:39:00.620 Not hopeless, but it was a difficult answer.

00:39:02.560 He said, unfortunately, not much.

00:39:04.640 The reason it's tough to navigate around inflation is because it's not your fault, right?

00:39:09.640 Inflation is created in one place.

00:39:11.440 Inflation is created at the central bank.

00:39:14.940 It's created by money printing.

00:39:16.700 It is not, inflation is not high prices.

00:39:19.420 It's not that at all.

00:39:21.320 High prices are a consequence of inflation.

00:39:23.660 No doubt about it, of course.

00:39:25.320 But inflation itself just means an increase in the supply of money.

00:39:29.000 That's all it means.

00:39:30.180 And when you do that, you make money less valuable.

00:39:32.460 You make a dollar less valuable.

00:39:34.000 And so to make up for the difference, businesses have to increase their prices.

00:39:38.680 Because the value of their goods haven't decreased, but the value of money has.

00:39:43.020 So you have this problem of government prints money.

00:39:47.080 You don't print money.

00:39:48.500 I don't print money.

00:39:49.700 And so it seems that no matter what we do, we can't find our way out of this.

00:39:54.180 We can spend less, of course.

00:39:56.440 We can do that.

00:39:57.280 But, you know, even when you spend on just the essentials, groceries, power, a home, and so on, we are still fighting tooth and nail to try and make ends meet.

00:40:07.060 And so this is where, if I wasn't a Christian, I really don't know what answer I would give except, well, try and spend less or pick up yet another job.

00:40:15.880 You know, even though you're already working two or three jobs, and you're already living at home, and you already, you know what I mean?

00:40:21.380 That's as far as I can go without Christ.

00:40:23.680 But with Christ, I can say, you know, on your knees, at the bed, pray to Almighty, and say, really, we need a miracle.

00:40:32.480 And no doubt Christ will provide.

00:40:35.180 He has done so before.

00:40:36.620 He has always done so before.

00:40:38.580 He will do so now, and he will do so into the future.

00:40:42.080 It's not for us to know exactly how he's going to provide.

00:40:45.320 But we have full confidence and trust that he will indeed provide.

00:40:49.300 So from a secular perspective, my answer with the inflation problem is spend as little as you can and work as much as you can to make as much money as possible.

00:40:58.860 Oh, and make sure you work your hardest to ensure that a government is elected, if possible, to Canada, to the Canadian Parliament, which won't spend money, which seems to be an increasingly dubious proposition.

00:41:12.320 Right.

00:41:12.580 It won't print money, to be more accurate, which is, again, increasingly dubious.

00:41:15.620 But from a Christian perspective, my answer is full of hope.

00:41:19.940 And it's to say, although this situation is dire, we are in the privileged position of being able to witness the miracle of Almighty God every single day.

00:41:29.040 We get to wake up in the morning and say, Almighty, here I am working my hardest to provide.

00:41:34.500 I don't know how I'm going to provide, but I know that you will for me in the most miraculous of ways.

00:41:39.580 And from that, as we watch day after day, hour after hour, the Lord supply our needs, our faith in him only continues to grow.

00:41:48.440 That's a very good question that a person in Christ, I don't think, has an exciting answer.

00:41:52.820 No, and, you know, I love it.

00:41:54.500 It's prayer and action.

00:41:55.920 You can't sit back and think, okay, well, I'm going to be subsidized by the government.

00:42:00.080 That's not honoring.

00:42:01.400 The Bible is filled with scripture that talks about us working and then Sunday resting.

00:42:07.120 And it's, you know, not taking Saturday off necessarily as well.

00:42:10.720 It's, you know, working six days and resting on Sunday.

00:42:14.480 But something else I would even like to say is that embrace it for the young people, I mean, who are just getting married, starting a life.

00:42:24.620 My son and his wife happened to be an example I could use, one bedroom, little rental.

00:42:30.700 And I think I go back to think about my mom and dad when they started out.

00:42:35.340 My dad had a grade six education when he came to Canada.

00:42:38.780 He was from England.

00:42:39.640 My mom was from the Netherlands.

00:42:41.160 And he got his grade 12 equivalency.

00:42:44.040 But during that time, he had three babies at home.

00:42:48.980 You know, I have a twin brother and an older sister.

00:42:51.080 So that's three small children.

00:42:53.000 And we shared the same room until I was four, I guess, and my sister was six or three and five.

00:42:59.480 It wasn't uncommon back then for siblings to be in a small space living together in order to get ahead.

00:43:08.480 And they were so careful with the finances.

00:43:12.420 Like, I couldn't leave a room without my mom and dad saying, shut the light off behind you.

00:43:16.860 And that principle has followed me here.

00:43:19.340 My heat is never cranked up.

00:43:21.060 And the other sacrifices that we need to make is spend on what you need, not what you want.

00:43:28.780 And you don't need Netflix.

00:43:31.480 And again, that bit of old school is going back to game nights.

00:43:36.080 You don't have to be entertained. 0.99

00:43:37.620 And 99.9% of what you see on TV is garbage. 1.00

00:43:41.960 And it's filling your home and your mind with garbage. 0.99

00:43:45.060 And so you can have other ways of entertainment.

00:43:48.400 And I have just benefited from that so much in my own life.

00:43:53.900 When I bought my first home, it was 12 to 14 plus percent interest.

00:43:59.560 I was feeling very hopeless.

00:44:01.160 But I had saved up, you know, a good nest egg of money before I purchased my home.

00:44:07.280 And I knew that no matter what, I could make that payment.

00:44:11.860 And I know that at $2 million homes nowadays here in the Surrey area, that's not going to be, you know, accessible for young people.

00:44:20.740 But the other point that you made, and I want to emphasize, is get involved with the local elections.

00:44:27.620 As young people, we're fighting for your future and you need to step up and fight for it yourself.

00:44:32.700 So get involved to make sure that we get the people into office who are definitely going to turn this around and stop paying billions of our tax dollars to NGOs that are in turn fighting everything traditionally that we hold near and dear as far as values are concerned.

00:44:50.340 Yes, absolutely. There's no doubt about it, right?

00:44:54.680 If we're apathetic, we don't have much of a hill to stand on, right?

00:44:59.720 If we say, well, this is the way things are, and then do nothing to change it, we don't have much of a right to say, well, this is the way things are.

00:45:06.720 No, instead, you're right. We have to be active.

00:45:08.720 We have to be involved in the political process, whatever that looks like, right?

00:45:12.860 We have to be active and involved in ensuring that to the best of our, you know, to the best of our capabilities, the government practices some form of financial common sense, which right now it's doing anything but.

00:45:27.380 Like, how do we stop inflation? How do we quell that beast?

00:45:30.760 The answer is you have to stop printing money. That's it.

00:45:33.500 You have to call in the loans as the central bank.

00:45:36.720 Now, that will hurt the country, no doubt about it, right?

00:45:40.580 You would, just like you saw in the early 80s, there would be a period of recession.

00:45:45.640 We're in one now, but anyway, there'd be a period where there'd be a real tightening.

00:45:49.440 It has to happen. It's like a hangover, right?

00:45:51.820 When you're hungover, you're, well, first you drink and you feel great and, oh, that's wonderful, and then you realize you drank too much, and then you're hungover and you're very sick, and then, you know, you recover and you're back normal.

00:46:05.120 So, too, with the economy. You've printed too much money, felt great doing it. I'll spend out on absolutely everything. Spend on the house, spend on the car, spend, spend, spend.

00:46:14.000 We realize we've printed too much. Uh-oh. You tighten up the belt. You stop drinking. You stop printing money. The hangover comes. You feel very sick.

00:46:23.340 The economy feels sick, but then it gets back to normal, or at least a closer semblance of normal. Like, we should know when government members say, oh, the inflation's down. It's only at 2%. It's within the target range. That's fantastic.

00:46:35.900 It's such a pet peeve. They completely neglect the fact that inflation was here, and then it went up like this, and now it's here, and they go, well, the curve isn't climbing as steep, so we're back to our target rate.

00:46:48.300 The answer is no, actually, because inflation used to be here, and it's still up here. Even though it's not climbing as sharply, it's still climbing.

00:46:56.240 And so we just have to take these proactive measures to speak the truth as it is, and hold our elected officials accountable for the actions that they partake in to bring about some form of financial rationality.

00:47:11.560 Right, and I really am going to appeal to people as well as to get involved and know where elected officials stand on critical issues like immigration,

00:47:20.900 because I'm going to be talking about it next on the weekly news update I'll be doing.

00:47:26.380 I'm going to bring up the Global Compact on Migration, this planned invasion of our nation, 1.00

00:47:30.940 and the handing out of billions and billions and billions of dollars to individuals to collapse our financial system.

00:47:38.540 So if we're going to vote in a new government who says we're going to stop all this spending,

00:47:43.360 we're going to be deporting those 4.6 million non-citizens and get ourselves back in order, 1.00

00:47:50.900 we could see this correction happen much quicker.

00:47:56.340 If we recklessly do not pay attention to who we're voting for, it's going to prolong it.

00:48:02.220 So it's really, really important to emphasize that.

00:48:05.380 Now, we have several questions that have come in through the Q&A, so let me just ask a couple here.

00:48:13.140 So it says, what do you think about investing in crypto?

00:48:16.800 Oh, that's a very good question. I have to be careful.

00:48:19.000 I don't want to give out financial advice, and I know it sounds like a cop-out,

00:48:21.900 but just because, you know, here, you know, you can see yourself saying it's a great idea,

00:48:25.760 and then crypto crashes tomorrow.

00:48:28.420 What I can say is the general principle that most competent financial advisors seem to follow is diversify your portfolio.

00:48:37.780 Right? That seems to be the smartest way to mitigate risk while also trying to maximize profit.

00:48:44.880 So am I in favor of investing in gold and silver?

00:48:48.140 Oh, I like precious metals.

00:48:49.520 Am I in favor of investing in oil and gas?

00:48:51.680 Oh, I like commodities.

00:48:53.000 Am I in favor of investing this or that?

00:48:54.820 Oh, sure, maybe.

00:48:55.860 Am I in favor of investing in crypto and so on?

00:49:00.180 Let a man do so.

00:49:01.340 But I would, you know, not that I'm a financial advisor,

00:49:03.820 but what I've heard is don't put all your eggs in one basket.

00:49:07.360 Don't invest every cent you have into oil because who knows if oil is going to crash tomorrow.

00:49:13.520 Don't invest every cent you have into Apple or into Gatorade or into Sony cameras, right?

00:49:19.840 Instead, diversify the assets so that, you know, you mitigate risk and the danger of losing everything,

00:49:25.960 and you also increase the chance that you make money over the long term, right?

00:49:30.420 If you're investing, it tends to be for retirement.

00:49:33.560 It doesn't tend to be for a quick buck tomorrow.

00:49:36.280 That's a different form of investment, which most people don't engage on.

00:49:41.800 So I would, you know, say I've heard diversify.

00:49:44.500 And, you know, I would encourage to work hard to try and find financial advisors who are on our side.

00:49:51.980 There's no doubt there are bad financial advisors who love the big spending

00:49:55.800 and who are, when you question them on what they know, clearly financially illiterate.

00:50:00.880 But there are some, you know, there are certainly some out there who are financially literate

00:50:04.800 and results speak for themselves and so on.

00:50:07.360 So I would encourage a man or a family or a woman, what might have you,

00:50:11.360 to look for those members in your community who share the same worldview.

00:50:15.880 I do believe that's critical.

00:50:17.600 Have proven success.

00:50:18.940 This is from the richest man in Babylon and follow these, you know, relatively simple financial principles.

00:50:26.380 Okay, super.

00:50:27.960 Yeah.

00:50:28.640 And just so our viewers know, next week we're going to have Brett Oland and Rob Anders on.

00:50:33.900 So that's going to be quite a duo in talking further about cryptocurrency.

00:50:39.020 The upcoming, you know, we have the threat of Mike Carney becoming the leader, actually, of the party. 0.98

00:50:45.780 How this can all happen is beyond me, and he's such a crook.

00:50:49.400 But, you know, he's pushing the CBDCs. 0.78

00:50:53.480 So we're going to have a great conversation next week on that.

00:50:55.840 So our viewers should plan on registering tomorrow when we put the link up.

00:51:01.140 Okay, so Myrna's asking, would you address debt in retirement, especially if you're in debt,

00:51:07.800 how to go about increasing productivity?

00:51:10.660 Yeah.

00:51:11.080 Oh, that's a very good question.

00:51:12.900 So once again, that's a tough one.

00:51:14.320 Once again, you know, the easiest cop-out answer is, you know, work your hardest to ensure

00:51:21.260 you're not in debt when you're young, you know, when you're able to be much more productive.

00:51:26.940 I think it's very tragic when we see so many seniors having to work even now to try and

00:51:31.100 make ends meet.

00:51:31.700 I think that demonstrates what's, in large part, what's wrong with this country, right?

00:51:36.640 We have a financial situation where so many who are supposed to be enjoying the sunset

00:51:41.720 years of their lives are forced back into menial jobs and workplaces to try and pay for

00:51:48.780 rent.

00:51:49.200 And so, not only so, but I do think this is a condemnation against the church at large,

00:51:54.960 in particular.

00:51:56.580 What would I do for a senior who is in debt?

00:51:58.620 Well, the honest truth is, I think it's incumbent upon the church to help such individuals who

00:52:05.280 are helpless.

00:52:06.040 I really believe that.

00:52:07.140 Now, I know that isn't quite the answer, it's not quite an answer, but it's tough, because

00:52:11.320 I don't know the individual's particular situation.

00:52:15.240 Circumstances.

00:52:16.140 Yes, of course.

00:52:17.120 And if you can work as, you know, as hard as it is, I would encourage that.

00:52:20.660 But if you're unable to work, then it's a different situation entirely.

00:52:24.540 And I know we have social safety nets built in and so on, but the way it's supposed to

00:52:29.480 run according to the scripture, according to the Bible is, those who are helpless ought

00:52:35.060 to be helped by the community.

00:52:36.620 They ought to be helped by the church.

00:52:38.240 If there are those who are in debt, you know, they ought to be and can't work for themselves

00:52:43.040 or are struggling to make ends meet.

00:52:44.800 It's incumbent upon the Christian body to ensure that those individuals are helped.

00:52:51.020 Now, over the last years, we have failed miserably in this task, in large part because government

00:52:56.220 has taken so much of the responsibility, you know, upon themselves to save those who are

00:53:01.940 unable to provide for their families.

00:53:04.680 And the church has allowed it to happen.

00:53:06.680 Again, I think that's wrong, right?

00:53:08.240 The difference is that you have to pledge your allegiance to government.

00:53:11.060 You don't have to pledge it to church.

00:53:13.420 We are to help simply because we are lights of Jesus Christ, right?

00:53:17.500 That is our mission.

00:53:19.660 And so the answer isn't a very, I know my answer isn't very desirable, but there's just

00:53:27.340 not quite enough information to say exactly what one should do, you know, depending on

00:53:31.360 what retirement looked like, what family, what the family situation looks like, and so

00:53:35.500 on.

00:53:35.640 It makes it difficult to answer.

00:53:37.060 What I can say is, from a different perspective, those individuals who are hurting, that it's

00:53:42.720 incumbent upon the church to help them.

00:53:44.660 And we've done exactly the opposite over the last decades.

00:53:47.160 It's very, very bad.

00:53:48.780 But I know we need to be careful in saying that as well, because you could have people

00:53:53.140 who have been just very reckless in their spending, who got themselves in a really bad

00:53:57.620 position, who, as well as aren't part of a church, whose families can no longer help

00:54:03.020 them.

00:54:03.160 That's not what we're talking about.

00:54:04.820 We're not talking about enabling individuals, you know, who have not planned well and now have

00:54:10.400 themselves in a bad situation, who are not repentant over their situation.

00:54:15.200 It would be specific to those as well who are part of the body of Christ, like in a church,

00:54:20.760 who are being met right now, even with homelessness, because their pensions, you know, from no fault

00:54:28.020 of their own, that they're living in a situation where they can't make sense.

00:54:33.180 And I know for myself, I am involved in such an incredible church.

00:54:37.620 And if you're not in a Bible-believing church, you know, make sure you can find when they 0.98

00:54:42.040 are around and how they do help the community and come alongside individuals.

00:54:48.740 But we have a responsibility ourselves as well, you know, for our actions.

00:54:54.440 And that will balance as well how you will be blessed and gifted in that scenario.

00:55:01.440 Okay, so we'll do two more questions.

00:55:03.720 We're at the top of the hour here.

00:55:05.720 What advice do you have for mortgages?

00:55:08.840 What is the best term?

00:55:09.900 And we won't say advice, maybe recommendation.

00:55:13.120 That's right.

00:55:14.160 Yeah.

00:55:14.500 Do you have any answer on that?

00:55:16.760 It's just so dependent.

00:55:17.740 This is what makes these topics, although wonderful, difficult, because it just, you

00:55:21.520 know, what's your income?

00:55:23.640 What is your job?

00:55:24.180 Well, job security is a funny thing, right?

00:55:26.400 The Lord giveth and the Lord taketh away.

00:55:28.120 Who knows what's going to happen tomorrow, right?

00:55:30.000 So this whole notion of job security is actually rather, I think it's like a ghost.

00:55:35.100 You know, all of us had job security and then the lockdowns hit and you were forced to

00:55:39.000 either get, you know, get that or lose your job.

00:55:43.180 And all of the job security went away.

00:55:45.240 So you, that notion is, I think, not as valuable as, as we might, as we tend to maybe make it.

00:55:53.100 So what I mean to say is it's impossible to give a person advice about what to do with

00:55:57.800 mortgages, what to do with car payments and so on, unless you have a clear, succinct and

00:56:04.820 defined picture of what their financial situation is like.

00:56:09.400 Now, generally speaking, I tend to think we buy homes that are too large and, you know,

00:56:16.040 go on mortgages, which are devastating for our financial position, only to discover maybe

00:56:23.620 one day that the house isn't worth what we think it's worth, right?

00:56:26.960 It's, it's certainly much, much less stress to buy a home, which is well within your means

00:56:33.840 than it is to buy that massive home to be the successful man on the block.

00:56:38.640 The Almighty's definition of success is very different than what man's definition of success.

00:56:44.800 Once again, I return to that widow or the, you know, the very humble set of grandparents

00:56:48.620 who are living in their modest home.

00:56:50.900 And they are, you know, should they pray to the Lord and believe in him, far more successful

00:56:55.700 than the rich man who builds everything he has for himself and lives in this giant mansion

00:57:00.480 on the coast of Miami and enjoys all of the wealth that, that his success has afforded

00:57:06.880 him.

00:57:07.160 As far as God's concerned, that isn't really success at all.

00:57:10.920 Not at all.

00:57:11.960 So what would I say?

00:57:13.660 It's this simple principle, that same principle of don't spend what you don't have.

00:57:17.580 You know, I know we all need homes.

00:57:18.780 There's no doubt about that.

00:57:19.660 And there's nothing wrong with having a home.

00:57:21.540 But to, I think it's very foolish to say, well, I have to be the biggest and the best and

00:57:26.300 I have to have the nicest and the newest home.

00:57:28.360 And if I don't have that, I'm going to be very unhappy. 0.66

00:57:30.940 That's foolishness.

00:57:32.040 And if a man thinks that to be the case, he ought to read the Ecclesiastes.

00:57:35.460 Because the whole story of the Ecclesiastes, it's actually brilliant for finances too, is

00:57:40.080 this, right?

00:57:40.720 It's Solomon lives his entire life with all the money.

00:57:45.060 I mean, he was worth trillions, literally, of dollars.

00:57:48.380 And at the end of all of it, he says, it's like smoke.

00:57:51.620 He says, it's Hebel, is the Hebrew word.

00:57:53.440 It's smoke.

00:57:54.100 It's a puff.

00:57:54.680 It's vain.

00:57:55.400 It's what of it.

00:57:56.860 So here's a man who had the nicest palace, the nicest home, everything one could want

00:58:01.200 and more.

00:58:01.760 And he found it to be completely unfulfilling at the end of all things.

00:58:06.260 So too, if a man tries and places his faith and his joy in a house, he will be very unhappy.

00:58:11.360 But the man who places his faith in Christ can live anywhere.

00:58:15.020 He can live in the desert.

00:58:16.120 He can live in the snow.

00:58:17.180 He can live in a big house.

00:58:18.280 He can live in a small house.

00:58:19.700 And he will be just as happy.

00:58:21.080 It's finding a place of being content.

00:58:24.780 And, you know, as far as the question regarding a mortgage and what would be best, as I know,

00:58:32.080 when I was getting a mortgage, it was you try with your own bank.

00:58:35.900 You work for the best rate possible.

00:58:37.960 You shop for a mortgage.

00:58:40.000 I don't think there's any way to say the TD Bank is going to be, you know, better than

00:58:44.700 the Bank of Nova Scotia or Bank of Scotia.

00:58:47.880 What's the name of the bank again?

00:58:49.340 Scotiabank.

00:58:49.920 Sorry, Bank of Nova Scotia.

00:58:51.440 Is there one?

00:58:52.100 Probably.

00:58:53.320 Yeah, the Scotiabank.

00:58:54.500 But it would be a matter of doing some mortgage shopping.

00:58:59.000 And that, I think, is the only thing we could recommend at this time.

00:59:01.920 Because all banks, you know, have not been reliable.

00:59:07.180 It's very questionable.

00:59:09.020 And, yeah, so you've got to, somebody is suggesting credit unions as well.

00:59:13.620 The last question, somebody's asked about credit cards.

00:59:16.900 It says, recently, after 40 years of having a credit card with excellent credit rating,

00:59:21.520 the card company is requesting that my driver's license number and provincial health card number

00:59:26.320 be given to the Visa card company.

00:59:28.420 What personal information is actually necessary to give a card company?

00:59:33.140 What credit card company would you recommend?

00:59:35.040 I would never hand that information over.

00:59:37.920 I mean, I gave my information to my bank.

00:59:40.960 I got a credit card through my bank.

00:59:42.840 And my credit card company has never asked for this kind of information.

00:59:47.960 No, neither is mine.

00:59:49.340 It would seem safest to actually go in person to the bank.

00:59:51.900 That would be my recommendation.

00:59:53.040 In this age when, you know, information like identity information is so valuable to criminals

00:59:59.440 and who knows who, it's far better to be safe than sorry.

01:00:03.140 And it's that same principle of it's best to fight the criminal by fighting him before

01:00:07.360 he has a chance to even take your, you know, your information.

01:00:10.660 Like, it's far easier to make sure he never gets it than it is to try and get it back once

01:00:14.980 he has it.

01:00:16.040 So I think safety is desirable.

01:00:18.160 Yeah, I was thinking about how all these CBDCs and all the information that they're wanting

01:00:23.260 from us is supposed to be to, you know, address fraud and credit card fraud and all the rest

01:00:29.200 of it.

01:00:29.460 But we know that all of that is through the roof.

01:00:32.540 Anytime that you're putting your information online, it's exposed, it can be hacked.

01:00:36.540 And I was thinking about the good old days when the only way I could get my cash is through

01:00:40.220 the bank or, you know, under the mattress or in a safe or however people were keeping

01:00:45.060 it, but to, you know, think that or to fall into what they're trying to sell us right now

01:00:53.740 about it being about securing our money, I would just have to say, you know, give your

01:01:00.100 head a good shake.

01:01:01.140 It is about power and control and making sure they have control of absolutely everything

01:01:07.340 that you say and do.

01:01:09.580 And we'll be talking more about that next week, like I say, when we have Rob and Brett

01:01:14.120 on, so with that, Tanner, thank you so much again for a wonderful presentation and a good

01:01:19.820 conversation.

01:01:21.080 And I look forward to having you on the show again.

01:01:24.140 Is there any final comment you would like as, you know, advice or any tidbit that you

01:01:30.400 would like to leave?

01:01:31.000 I think you've pretty much said it all.

01:01:32.540 It's been wonderful.

01:01:34.460 Don't spend what you don't have.

01:01:35.840 That's the financial principle.

01:01:38.140 Don't spend what you don't have and believe in Christ.

01:01:40.060 Those are the two principles that will get a man through life when it comes to finances.

01:01:45.280 Thank you so much.

01:01:46.080 It was so fun being back on the show.

01:01:48.100 Good stuff.

01:01:48.540 Thank you.

01:01:48.920 We'll see you again.

01:01:49.920 God bless.

01:01:53.720 All right.

01:01:54.380 Well, that was awesome.

01:01:56.060 I'm hoping that you will share this information, especially with the young people.

01:01:59.640 I really meant it when I said that, you know, the schools are not producing critical thinkers

01:02:05.680 or those that a high rate of financial advisors are not coming out of our education system at

01:02:13.360 this time.

01:02:13.740 It's really quite scary.

01:02:15.680 In Ontario, we have previously reported that students are coming out somewhere between 60

01:02:21.940 and 60 percent in mathematics.

01:02:23.520 And how are they going to manage their finances, the basic finances with grades like that?

01:02:29.580 So we really need to come alongside them.

01:02:31.980 We need to fight to get a better education system, which is what Action for Canada is on

01:02:36.320 the front line of doing every single day of the year.

01:02:39.140 And really, it involves lobbying government, pressing for a better government so that once

01:02:44.580 again, in our education system, it will focus on reading, writing and arithmetic and on

01:02:49.900 teaching history and not the kind they're trying to dispose of, like our actual history.

01:02:56.100 I think that would be amazing.

01:02:57.680 So there we are.

01:02:58.640 I'm finishing up with, again, appealing to you.

01:03:00.880 Please go to the description and sign the petition to put a moratorium on mass immigration 1.00

01:03:07.960 immediately on all immigration until we can clean this up.

01:03:12.660 This is the page, COVID-19, sorry, no undercurrent issues.

01:03:16.420 You just, once it pops down, you can see all the different issues and you can see political

01:03:21.480 Islam there to get some more information on this.

01:03:24.320 At the top of this page, you will see a banner.

01:03:26.840 Click here to find hope and inspiration.

01:03:28.980 We actually care about Muslims. 0.96

01:03:31.760 They are following a false teaching, a false god. 1.00

01:03:34.960 The devil himself created this Islamic doctrine because it is so pure evil. 1.00

01:03:41.120 How can you even consider it in any other way? 0.54

01:03:44.060 It is shocking how mass amounts of people can be so easily deceived.

01:03:48.780 In the Bible, there's a verse that goes, oh, but by the grace of God, and I mean the

01:03:52.500 biblical God of the Bible, the creator of heaven and earth, oh, but by the grace of God

01:03:56.680 go I.

01:03:57.840 And Islam was created 600 years. 0.92

01:04:01.800 Muhammad had come 600 years after Christ. 0.98

01:04:04.480 He created this doctrine to live by.

01:04:07.340 It is in so much violation of Western standards, of biblical standards.

01:04:13.520 And when I say to Muslims, I encourage you, take a look at the man you follow in Muhammad

01:04:18.440 and then compare that to the man that we as Christians follow, Jesus Christ.

01:04:23.300 There is no comparison.

01:04:24.820 And Muhammad demoted Jesus Christ to a mere prophet when he is the son of God.

01:04:30.760 And the Bible says in John 3, 16, for God so loved the world that he gave his only begotten

01:04:36.180 son that whoever believes in him should not perish but have everlasting life.

01:04:40.720 So do you see how this false god, do you see how the devil is so deceitful that he doesn't

01:04:46.060 want people to come to a saving faith in Jesus Christ, the son of God?

01:04:51.200 So by Muhammad demoting Jesus Christ to a mere prophet, that means that, yes, Muslims may 0.98

01:04:58.560 respect Jesus as a fine prophet, but they don't know him as the son of God, which means an 0.98

01:05:04.660 eternity in damnation.

01:05:06.320 So why wouldn't we speak boldly about this in love for the moderate Muslim as well, for

01:05:12.640 all, you know, who have been deceived?

01:05:14.920 And if you don't believe me, go to this page and listen to this gentleman who gave an

01:05:21.100 amazing testimony when he was seeking Allah and, but he found Jesus.

01:05:25.420 There are other testimonies on this page.

01:05:27.640 So don't believe me, believe them, because you speak the same language, you would come 1.00

01:05:32.660 from the same heart.

01:05:33.620 And I pray to God that the truth would set you free.

01:05:37.120 And then again, just in closing, I won't believer that, but donate to Action for Canada.

01:05:42.500 And then, you know, some people have said about how loving it is for me to, you know, call

01:05:48.600 out these false religions. 1.00

01:05:50.580 But the Bible says in the commandments, the first two are, you shall have no other gods

01:05:55.680 before me, and you shall not make for yourself idols.

01:05:58.800 In Deuteronomy 12, it says that God was saying, there are decrees and laws you must be careful

01:06:03.040 to follow in the land the Lord, the God of your ancestors has given you to possess as long

01:06:07.980 as you live in the land.

01:06:08.880 And he gave us this land.

01:06:10.660 You know, the Christians came from Europe and they built an amazing nations.

01:06:14.580 And people will say, no, right away, you're going to say this is the natives' land.

01:06:18.580 And it's like there was over 600 tribes.

01:06:20.680 They were all in fighting.

01:06:22.080 It was, there was violence.

01:06:23.740 And, you know, yes, there may have been some nice communities in there, but the Europeans 1.00

01:06:28.640 came and they brought structure and they brought peace and they brought faith.

01:06:33.100 And many, many, many natives became Christians.

01:06:36.200 And so don't believe everything, you know, that the government is saying right now.

01:06:39.640 Now they're wanting to use the natives in order to advance the WEF's plan to take away 0.99

01:06:47.060 our land rights and to steal our natural resources from Canadians. 0.99

01:06:51.720 And so the majority, the mass majority of natives are going to continue to live in poverty.

01:06:57.940 And so I love them also enough to speak the truth that this is a very cruel government and

01:07:03.460 a very cruel plan using them to get to us.

01:07:06.480 Okay, so when you go into the land, so destroy completely all the places on the high mountains,

01:07:12.520 on the hills and under every spreading tree, where the nations you are dispossessing worship 0.99

01:07:17.060 their gods, break down their altars, smash their sacred stones and burn their Asherah poles 1.00

01:07:21.760 in the fire, cut down the idols of their gods and wipe out their names from those places. 0.91

01:07:26.900 You must not worship the Lord your God in their way, but you are to seek the place the Lord

01:07:31.560 God will choose from among all your tribes to put His name there for His dwelling.

01:07:38.660 And, you know, the scripture can come, carries on.

01:07:41.160 I'll stop sharing screen and you can, you know, continue to read that.

01:07:45.820 But just understand there is not an ounce of hate in my heart.

01:07:49.520 I am fighting for Canadians.

01:07:51.780 I am fighting for those who genuinely came to Canada to find refuge.

01:07:55.820 And as Geert Wilder said, anybody who has come with nefarious, you know, wishes and agendas,

01:08:04.000 get lost. 0.65

01:08:05.280 This isn't the country for you.

01:08:07.120 And so I'm calling on my fellow Canadians, support Action for Canada, support the work

01:08:11.620 we're doing, get involved in the chapter, build a chapter, reach out to us and let's

01:08:15.740 make 2025 a year to remember.

01:08:18.780 So thank you for joining me tonight.

01:08:20.480 Please give us a thumbs up.

01:08:21.940 Please share our information.

01:08:23.600 Encourage people to say, I know this weekly news update is long, but you got to listen

01:08:27.360 to it.

01:08:27.700 It's got important information in there.

01:08:29.920 Give me some feedback as well in the description as to if there's a different way you would

01:08:34.920 like to hear the weekly news.

01:08:37.340 If it's effective, you might say cut it in two and then put it out in two separate recordings.

01:08:44.700 Just give us some feedback.

01:08:45.840 We love hearing from you because we really want to be effective in the work that we're doing.

01:08:50.540 And we know that knowledge is power.

01:08:52.160 And when you have it, you got to share it and you got to use it.

01:08:55.020 So on that, God bless you and God bless Canada.

01:08:58.120 I'm going to thank God and God alone for the ground that I'm standing on.

01:09:19.780 I'm going to thank our founding fathers for giving their lives and sacrificing so much for

01:09:31.460 our freedom.

01:09:32.240 And I'm calling on you today.

01:09:38.520 Don't put them to shame.

01:09:40.820 Don't waste what they did.

01:09:43.060 We have guaranteed rights in this country.

01:09:46.380 We are putting chapters across the nation.

01:09:56.060 We are going to be in every town and every city.

01:09:59.980 And we are going to build communities within these communities of like-minded people who are

01:10:05.920 actually going to care for one another again and love on each other and give each other

01:10:10.400 the help when they're down.

01:10:11.520 We are going to use the teams and the people that build within chapters to support our businesses.

01:10:19.540 The government's actions are completely 100% unlawful.

01:10:26.380 Judgment will again be found on justice and those with virtuous hearts will pursue it.

01:10:33.980 You have a virtuous heart if you are here today pursuing freedom and righteousness.

01:10:42.260 And then verse 23 comes along with a promise.

01:10:47.100 God says he will turn the sins of evil people back on them.

01:10:52.660 He will destroy them for their sins.

01:10:56.620 I take great comfort in that because I serve a mighty living God who has allowed us to go

01:11:07.480 through this season of discomfort because we as a nation have turned our backs on him and

01:11:14.340 we need to get right.

01:11:16.560 So I am just going to thank you so much.

01:11:20.520 I'm going to say God bless you and God bless Canada.

01:11:24.300 From coast to coast we stand so tall

01:11:28.280 We love our God we give our all

01:11:31.680 And every thought all big or small

01:11:35.220 Together we win it all

01:11:38.280 We fight for freedom and for rights

01:11:42.100 Which they turn darkness into light

01:11:45.540 In every heart we feel his might

01:11:49.020 And through his love we win the fight

01:11:52.600 Actions of Canada we reunite

01:11:56.020 Joining hands where it falls on fight

01:11:59.460 Actions of Canada we stand so 1.00

01:12:02.900 Love and faith we can win it all

01:12:06.080 We want to fight for freedom and for rights

01:12:09.420 We can win it all

01:12:20.600 We want to fight for freedom and for things like that

01:12:27.040 They

Action4Canada - January 09, 2025

How To Be Debt Free With Tanya Gaw And Tanner Hnidey, Jan. 8, 2025

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