Re-using Paint objects?

Will it really slow things down if I use one text paint to draw 3 different lines of text in a repeating draw routine in different colors like this...

PHP:

1. textPaint.setARGB(255,255,255,255);
2. c.drawText("HELLO",0,0,textPaint);
3. textPaint.setARGB(255,255,0,0);
4. c.drawText("This is some more text",0,20,textPaint);
5. textPaint.setARGB(255,0,255,0);
6. c.drawText("More text",0,40,textPaint);

Or should I create 3 different Paint objects in memory and use them separately?

 

Thanks fabio - will be much easier to use just one paint object.