Contest: Guess The Number Of Exclamation Marks In Original and New “I Was Broke. Now I’m Not.”

Today marks the first full day that the completely revised and updated I Was Broke. Now I’m Not. is available!

As part of the festivities, we are offering the “Release Special” for people who purchase a copy of the book.

IWBNIN Order Today

We’re also launching a contest called “Guess The Number Of Exclamation Marks!!!!!”

As you know, I am a big fan of this form of punctuation. I tend to speak with exclamation marks and my writing reflects. As I began the process of rewriting the book, I could not believe how many of those little “!” I had used in the original copy of I Was Broke. Now I’m Not.

So, in honor of my complete overuse of this punctuation, we’re going to award a free copy of the completely new I Was Broke. Now I’m Not. to two people:

  1. The person who most closely guesses the number of exclamation marks in the original book
  2. The person who most closely guesses the number of exclamation marks in the newly updated book

Enter your guess below. Only one entry per person. You must provide a valid email address so we can contact the winner. Contest ends at 11:59 PM Eastern on Thursday night, January 15, 2015. Can’t see the the entry form? Copy and paste the following link in your favorite browser: http://goo.gl/forms/zyaYx7VpSr

What Are You Doing Sunday Night At 8PM Eastern?

“What are you doing Sunday night at 8PM Eastern?”

A slightly strange question, I know! But I am FIRED UP about the free live online event I will be teaching at that very time.

We’re celebrating the complete rewrite, expansion and release of my book, I Was Broke. Now I’m Not. which officially releases Sunday!

In keeping with our team’s mission of helping people accomplish far more than they ever thought possible with their personal finances, we wanted to be able to provide a free equipping event that can help the year 2015 be your best financial year yet!

I’ve even asked my bride, Jenn, to join me so she can share her own unique perspective of our family’s money journey. I really think you will find it to be a time of great encouragement and practical teaching that will challenge you to take your next financial steps.

It’s free, but you must REGISTER.

5 Key Decisions That Helped Us Win With Money – A Special Evening with Joe & Jenn Sangl” Live Online Event Details

  • DATE: Sunday, 1/11/2015 at 8:00 PM Eastern (7:00 PM Central; 5:00 PM Pacific)
  • DURATION: 60 minutes total (45 minutes teaching – 15 minutes Q&A)
  • LOCATION: LIVE Online
  • COST: FREE! (but you MUST register to secure your spot)
  • REGISTER: Click HERE or copy and paste the following link in your favorite browser: http://iwasbrokenowimnot.com/5keydecisions

Nothing Happens Until You Decide

I once heard a friend say, “I decided to decide.”

It was amusing when he said it because it was a strange use of the English language. However, he said it with such passion that it forced me to explore what he was really saying. I realized that this was one of the 5 Key Decisions That Helped Me Win With Money.

You see, we’ve all made decisions before where we did not follow through. Here are some common examples:

  • Getting physically fit  We decide to lose weight and get in shape. We purchase the treadmill and a weight set. A gym membership is secured. We purchase all the right workout gear. And then the treadmill and weight bench become just another place to store junk. The gym membership card is never scanned.
  • Reading a book  We decide we are going to read a book that we’ve heard others talking about. We purchase the book. The book arrives in the mail. It sits on the counter, nightstand, or near the toilet. Then it becomes buried under more books we wanted to read. Five years later, we rediscover the book and realize we’ve never read it.
  • Preparing a budget  We wanted to prepare a budget. We knew that having a budget was a good idea. A good budget tool was discovered (like this one). We even took the time to put some numbers into it. We went even further and forced INCOME – OUTGO to equal EXACTLY ZERO. Then we promptly pulled out the credit card and went to Olive Garden – completely violating the budget we just prepared.

“Deciding to decide” was one of the 5 Key Decisions That Helped Me Win With Money. It meant that not only was I making a decision, I was committing to actually follow through with it!

When I finally “decided to decide” to get my finances in order back in December 2002, it completely changed the trajectory of my financial future.

This is why I’m hosting a live online event where I could share all of these decisions in more detail with you right now, at the start of 2015. I really hope you will be able to join me and my bride for this special one-of-a-kind online event (it’s FREE).

5 Key Decisions That Helped Us Win With Money – A Special Evening with Joe & Jenn Sangl” Live Online Event Details

  • DATE: Sunday, 1/11/2015 at 8:00 PM Eastern (7:00 PM Central; 5:00 PM Pacific)
  • DURATION: 60 minutes total (45 minutes teaching – 15 minutes Q&A)
  • LOCATION: LIVE Online
  • COST: FREE! (but you MUST register to secure your spot)
  • REGISTER: Click HERE or copy and paste the following link in your favorite browser: http://iwasbrokenowimnot.com/5keydecisions

5 Key Decisions That Helped Us Win With Money

There have been moments in my life where I’ve made a decision knowing it would change my life forever.

Decisions like:

  • Asking my girlfriend (Jenn) if she would marry me
  • Making an offer on a house
  • Applying for a job
  • Deciding to have children
  • Buying land

However, there have been other moments where I’ve made a decision without truly realizing the future impact it was going to have on me. For example, when I made the decision to begin contributing to my company retirement plan as a new college graduate, I didn’t really grasp the incredible power this was going to have to fund my future plans, hopes, and dreams. When I started my baby girl’s college fund back when she was four years old, I had no idea how this decision would help give wings to her educational dreams.

Perhaps one of the greatest examples was the decision my bride and I made to begin preparing a monthly budget – and choosing to stick to it. We had no idea the impact this would have on our finances – and our life! This one key decision enabled us to accomplish dreams we really never thought possible. Dreams like purchasing a new car with cash, becoming debt-free except for our house, and even paying off our home mortgage!

As I was thinking about these decisions, I thought it would be great to host a live online event where I could share these decisions in more detail with you right now, at the start of 2015. I really hope you will be able to join me and my bride for this special one-of-a-kind online event (it’s FREE).

5 Key Decisions That Helped Us Win With Money – A Special Evening with Joe & Jenn Sangl” Live Online Event Details

  • DATE: Sunday, 1/11/2015 at 8:00 PM Eastern (7:00 PM Central; 5:00 PM Pacific)
  • DURATION: 60 minutes total (45 minutes teaching – 15 minutes Q&A)
  • LOCATION: LIVE Online
  • COST: FREE! (but you MUST register to secure your spot)
  • REGISTER: Click HERE or copy and paste the following link in your favorite browser: http://iwasbrokenowimnot.com/5keydecisions

My Wife Will Be Joining Me For This LIVE Online Event on 1/11/2015

One of the questions I get asked all the time is, “How do I get my spouse to work with me on finances?”

First, let me say these two things:

  • Finances are one of the top causes of marriage fights and divorce.
  • Until both spouses are on the same page financially, it is impossible to maximize your financial potential.

This question is one of the many reasons why I’m hosting a LIVE online event this Sunday. But there is something very different about this online event…my “chief business counsel” will be hosting this event with me too. No, this is not my legal team, but my bride, Jenn! Without her, I would still be broke and would have been the key subject matter of the still unpublished book, “How to be Broke.”

I really hope you will join us for this special event on Sunday, January 11, 2015!

Here are some key items we will be sharing that day:

  • 5 Key Decisions That Helped Us: Jenn and I will be sharing 5 key decisions that helped us win with money. We both believe that these decisions transformed our finances and our marriage.
  • OFFICIAL BOOK RELEASE: We’re CELEBRATING the official release of my newly revised I Was Broke. Now I’m Not. My team is putting the finishing touches on it right now, but I promise it will help you on your money journey.
  • Encouragement for your Money Journey: Jenn and I want to provide encouragement for you. We’ll be sharing parts of our story and also practical “next steps” you can use to win with your money!

5 Key Decisions That Helped Us Win With Money – A Special Evening with Joe & Jenn Sangl” Live Online Event Details

  • DATE: Sunday, 1/11/2015 at 8:00 PM Eastern (7:00 PM Central; 5:00 PM Pacific)
  • DURATION: 60 minutes total (45 minutes teaching – 15 minutes Q&A)
  • LOCATION: LIVE Online
  • COST: FREE! (but you MUST register to secure your spot)
  • REGISTER: Click HERE or copy and paste the following link in your favorite browser: http://iwasbrokenowimnot.com/5keydecisions

Fired up!

One more thing: You don’t have to wait until the official release date, January 11th, to order the NEW I Was Broke. Now I’m Not. Book. Pre-order your copy right now by clicking on this link HERE and receive special bonuses!

Time For An Upgrade!

We’ve all experienced moments where we realized that we needed to upgrade. Perhaps it was when you were using the old fashioned dial-up Internet connection (remember all of those sounds your modem would make?!) and someone else had signed up for DSL. You immediately recognized that you needed to upgrade.

IWBNIN_Book_3DThe same becomes true in our finances. From time to time, we must upgrade our financial management techniques or else it can cost us a great deal of time and money! During the “Upgrade Your Finances” event I taught on Sunday evening, I was able to share the exciting news that the I Was Broke. Now I’m Not. team has spent the entire year upgrading our tools and resources. Over 100 of our free tools have been upgraded (link provided below)!

Our biggest upgrade? I’ve completely revised my book, I Was Broke. Now I’m Not. It is now hardcover, complete with an awesome dust jacket and foil finish on the covers. More importantly, and since you shouldn’t just judge a book by its cover even though it is awesome, I’ve added 40% more content, included an entire chapter on the I Was Broke. Now I’m Not. Ladder, and completely revised the rest of the book.

The new book officially releases on Sunday, January 11th, but pre-sales begin NOW! Of course, you could wait until the book actually releases to purchase it, but here’s why I think you should consider purchasing it now:

The first 1,000 books ordered in the pre-sale will receive:

  • Free Shipping
  • 3 Free eBooks
    • Managing Finances With A Non-Participating Spouse
    • Managing Finances As A Single Parent
    • Help! I Can’t Pay My Bills.
  • Early Delivery
    • At least a week before official release date of 1/11/2015
    • If we can it to you before Christmas, we will!
  • PLUS For the first 1,000 books purchased, we will give away an original copy to a deserving non-profit organization!

You can pre-order your copies HERE or copy and paste the following URL in your favorite browser: http://www.iwbnin.com/pre

Will You Be Joining Me On Sunday Night?

= Upgrade Your Finances =

I am FIRED UP to be teaching a LIVE online event on Sunday night at 8:00 PM Eastern Time.

Have you ever noticed seasons in your life where you recognized that it was time for an upgrade?

Maybe it was your huge projection TV that weighed 1,700 pounds and was literally a piece of furniture. It could have been the time you were using an overhead projector and saw a computer projector for the very first time. Perhaps it was when you were playing a video game on Atari and saw the first Nintendo game.

SONY DSC

I remember each of these moments. When it happened, my immediate thought was, “I need an upgrade!”

The same is true for the way you manage money. There’s a good chance you are using outdated techniques that are in need of major upgrading! You may be using “huge projection TV” money management techniques that can be greatly helped with an upgrade.

That’s why I’m teaching this special online event LIVE this coming Sunday evening.

Details

  • TITLE:  Upgrade Your Finances
  • DATE:  Sunday, December 7, 2014
  • TIME:  8:00 PM Eastern (7PM Central, 6PM Mountain, 5PM Pacific)
  • COST:  FREE!
  • REGISTER:  Reserve you spot HERE.

I really hope you will be able to join me. It’s FREE, but you do have to REGISTER.

As a bonus, I’m also going to be sharing some great news about some major upgrades we’ve made so we can better serve you in your money journey!

Managing Money As A Single Parent – Part 07

Welcome to the latest series here at the wildly popular JosephSangl.com – “Managing Money As A Single Parent”!

Part Seven  Establish accountability

It is clear within all sports that only those athletes and teams with a great coach achieve success. The same is true for your finances. As a single parent, it can be easy to avoid financial accountability with any one. Don’t fall into the trap that you can do it all yourself. You carry such a tremendous load as it is. Meeting with a financial coach on a consistent basis (at least once a year) will ensure you stay on track to achieve the financial goals you’ve established for yourself and your children. Solomon shares great insight again in Proverbs 15:22: “Plans fail for lack of counsel, but with many advisors they succeed.” A financial coach will help you identify “financial blind spots” – areas you may not even see but can have profound implications for your future. Submit to a coach, and you will make financial progress much more swiftly and with far less mistakes.

A financial coach will help you identify “financial blind spots” …

Most single parents deal with exhaustion and lack of free time on a near-continual basis. Anything that is not extremely urgent is usually pushed aside. Important financial principles and tools are usually not urgent until a financial event occurs. A lack of accountability to living by a budget, automatically saving and investing, and other key personal finance tools is then exposed and creates a financial mess.

PRACTICAL STEP TO TAKE:

  1. Obtain a financial coach and meet with them at least once each year

 

Managing Money As A Single Parent – Part 06

Welcome to the latest series here at the wildly popular JosephSangl.com – “Managing Money As A Single Parent”!

Part Six  Gain financial wisdom.

You must gain financial wisdom. Without it, winning with your money will be virtually impossible. In Proverbs 4:7, Solomon shared, “The beginning of wisdom is this: get wisdom. Though it cost all you have, get understanding.” If Solomon, one of the wisest people who has ever lived, realized it was worth “all you have” to get wisdom, we should all take note! You could have more degrees than a thermometer and still be broke!

You must gain financial wisdom.

Recognizing that time is a valuable and precious commodity for you, here are some ways to gain financial wisdom without feeling like you need to complete days and weeks of college course. Read books about personal finances. Attend one or two day personal finance conferences taught by me or other financial teachers (like Dave Ramsey and Robert Kiyosaki). Take online on-demand personal finance courses (like the one I provide called the I Was Broke. Now I’m Not. Core Coaching Program).

PRACTICAL STEPS TO TAKE:

  1. Read two financial books each year
  2. Take one financial class each year
  3. Meet with a financial coach once each year (see final section)

Managing Money As A Single Parent – Part 05

Welcome to the latest series here at the wildly popular JosephSangl.com – “Managing Money As A Single Parent”!

Part Five  Establish automatic long-term investments – then monitor

In the midst of the busyness and chaos of being a single parent, retirement and college expenses are approaching – one day at a time. It is vitally important to prepare for them.

While investing can seem very intimidating and potentially overwhelming, it certainly doesn’t have to be! If you have a Retirement Savings Plan (RSP) available via your employer, begin with contributions to that account, particularly if a company matching contribution is available. The ultimate goal is to contribute at least 15% of your gross income (before tax pay) to your retirement account. If you can’t start there, begin with an amount that enables you to receive the entire employer matching contribution.

Retirement and college expenses are approaching – one day at a time.

As you receive pay raises, use half of the raise to increase your retirement contribution until you achieve the 15% level. For example, suppose you are contributing 3% of your pay to the company 401(k) in order to receive their matching contribution of 3%. You receive a pay raise of 3%. Immediately adjust your investment contribution from 3% to 4.5% (half of your raise). This way, you will still receive some of your raise in your paycheck while also securing your future retirement. It is important to fund your retirement account prior to your children’s college fund. Usually money only flows from parent to child – not child to parent!

As your financial situation improves, you can begin contributing to a 529 College Savings Plan for each of your children. One great approach is to establish a 529 College Savings Plan account for each child and ask their grandparents to reduce their Christmas/Birthday/Special Day spending on “stuff” by half and send the other half to each child’s college account! Grandparents love it, and we all know that children like the boxes their toys come in better than the toys themselves!

PRACTICAL STEPS TO TAKE:

  1. Ensure you are contributing enough to your employer’s retirement savings plan to receive the full matching employer contribution
  2. As you receive raises, use half to increase your retirement investments until they reach 15%
  3. Establish a 529 College Savings Plan for each of your children
  4. Invite your children’s grandparents to contribute to the accounts as part of their gifts to the children on their special days – Christmas, Birthday, other Special Days

Managing Money As A Single Parent – Part 04

Welcome to the latest series here at the wildly popular JosephSangl.com – “Managing Money As A Single Parent”!

Part Four  Establish financial margin

Nothing will create financial pain and agony like having no savings. Without financial margin, you will always be on the brink of financial disaster. If you are a single parent with no money in savings, you clearly understand that even simple expenses like replacing a car tire can wreak havoc not only on your finances, but also on your emotional well-being.

You can not PROSPER if you do not SAVE.

It doesn’t have to be this way! As outlined in I Was Broke. Now I’m Not. [Click HERE to get your copy], the first step to establishing financial margin is Rung #2 of the I Was Broke. Now I’m Not. Ladder – Saving an amount equal to one month of your expenses. For most single parents, this is between $2,000 and $4,000. Your number will vary based upon your geographic location and cost of living. If you have this amount in savings already, you know how very important it is to your financial and emotional stability! If you do not have this amount saved, take clear note of this fact: You can not prosper if you do not save. It is simply impossible.

This is yet another reason why it is so important to prepare a monthly budget. You will not stumble your way to saving money. It happens on purpose through the use of a good budget. It allows you to be intentional about saving money and establishing financial margin. Ultimately, you want to grow your savings to an amount equal to three months of expenses (Rung #5 of the I Was Broke. Now I’m Not. Ladder).

PRACTICAL STEPS TO TAKE:

  1. Determine your savings goal (One month of expenses for you is: $______ )
  2. Save your entire tax refund
  3. Eliminate a regular expense or bill that is a “want” (like Cable, Starbucks coffee (gasp!), or gym membership) and save that money until you’ve achieved Rung #2 of the IWBNIN Ladder.

Managing Money As A Single Parent – Part 03

Welcome to the latest series here at the wildly popular JosephSangl.com – “Managing Money As A Single Parent”!

Part Three  Move to equal payments where possible.

As a single parent, surprises are unwelcome, especially financial ones! Seek to eliminate these sorts of issues by moving to “equal payment plans.” Many utility companies offer these options that basically even out your annual costs into equal monthly payments. This means your electricity costs will be the same all twelve months of the year. The same is true for natural gas, fuel oil, water, and other utilities.

You can do the same with many of your known, upcoming non-monthly expenses like annual insurance premiums, homeowner’s association fees, and membership dues. Convert to a monthly payment system to prevent the dreaded “budget crushing” expense. Essentially you want to convert your KNOWN but non-monthly expenses (like Christmas, car repairs, etc.) into “every paycheck” expenses. Instead of attempting to pay for $500 of Christmas presents out of your December paychecks, you save money from each and every paycheck throughout the year for Christmas. It is much easier to save $20.83 per paycheck (when paid twice a month) than it is to save $500 in one or two paychecks, right?

PRACTICAL STEPS TO TAKE:

  1. Call each utility and known, upcoming, non-monthly expense and establish an equal monthly payment plan.
  2. Use the Known Upcoming Non-Monthly Expenses Calculator to establish savings for these expenses every paycheck.

 

Managing Money As A Single Parent – Part 02

Welcome to the latest series here at the wildly popular JosephSangl.com – “Managing Money As A Single Parent”!

Part Two  Eliminate as much work as possible!

Your time is extremely valuable. As a single parent who must run kids to practice, go grocery shopping, ferry kids back and forth from school, and, oh yeah, work, you realize more than most people that there are only 1,440 minutes in a given day. To ensure you have enough time for the most important things in life, seek to eliminate as much work as possible when it comes to managing your money.

To ensure you have enough time for the most important things in life, seek to eliminate as much work as possible when it comes to managing your money.

One key way to do this is to automate every bill you possibly can. For individuals or businesses who can’t accept automatic online bill payments, establish automatic checks. This is a free option from nearly every major bank.

For impulsive spending categories like food (grocery and restaurants), clothing, entertainment and spending money, use cash envelopes. Once you are paid, withdraw cash for the budgeted amount you’ve allocated to each of these categories. Put the money into an envelope and only use the money for these impulsive expenses. Once the money is gone, don’t spend money in that category until you are paid again. Employing these principles not only reduces the time you have to focus on money, but it also makes budgeting much simpler.

PRACTICAL STEPS TO TAKE:

  1. Establish automatic bill payments for your monthly bills as much as possible
  2. Implement the Cash Envelope System (see my short YouTube video explaining this in more detail)

Managing Money As A Single Parent – Part 01

Welcome to the latest series here at the wildly popular JosephSangl.com – “Managing Money As A Single Parent”!

Part One  Prepare and live by a monthly budget

A monthly budget allows you to tell your money where to go instead of wondering where it all went. Without this basic financial tool in place, you will not be able to maximize the money you have worked so diligently to earn. One of the greatest benefits of budgeting is being able to stop the morning routine of checking your bank account balance! You should prepare a budget every month, and it should be completed before the month actually begins. This systematic approach will allow you to review your financial performance over the previous month and make any adjustments necessary for the upcoming one.

“You can eliminate a lot of insanity from your life simply by preparing and living by a budget.”

By preparing your budget before the month begins, it will provide you an opportunity to recognize upcoming financial challenges and implement steps to address each one. For example, suppose your budget revealed a gap of $220 in the approaching month. Because you prepared a budget before the month began, it provides you the opportunity to either (a) eliminate $220 of expenses in the budget or (b) determine a way to produce an extra $220 in income (like working overtime, selling something, etc.) You could even potentially do a combination of options (a) and (b).

However, if you encountered this scenario without a budget, when would you would discover the $220 gap? That’s right. When your money ran out! This would leave you with little option beyond putting the overages on a credit card or using overdraft. You can eliminate a lot of insanity from your life simply by preparing and living by a budget.

As you approach the end of each month, follow these two simple steps:

  1. Review your budget for the month you are completing.
    • What went well?
    • What surprises did you encounter?
    • What do you need to adjust for upcoming months?
  2. Update your budget for the approaching month.
    • What items need to be included in this budget?
    • Do you need to make any changes to existing budget expenses?

Remember it is important to prepare your budget BEFORE the month begins! This process should take less than 15 minutes each month.

PRACTICAL STEP TO TAKE: Use the free budget tools from IWBNIN: www.iwbnin.com/tools and prepare your budget!

Managing Money As A Single Parent – Part 00

Welcome to the latest series here at the wildly popular JosephSangl.com – “Managing Money As A Single Parent”!

So many people are faced with this very situation, and it is a key issue many people face today. Life as a single parent is very challenging. Balancing your children’s needs with the demands of your job creates a near-constant tension. Toss money into this equation, and life can become overwhelming! The good news is it is still possible to thrive financially even when faced with what, at times, can feel like insurmountable odds. This series has been prepared to provide key steps you can take to win with money in spite of your circumstances.

Over the next several days, I will be sharing seven key steps single parents can take to win with money. If you apply these principles and take the practical steps outlined in each section, you will eliminate a ton of stress and frustration. You can do this!

As part of this series, I would love to hear from some single parents about the financial challenges you have faced. Will you take two minutes to share your thoughts with me? If you can’t see the survey, please click here to access the survey.

 

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