Archive for March 2008

Gratitude!

I love seeing people become financially-free.  I love it.

Gone is the stress of paycheck-to-paycheck living.  Boundless opportunities that have always been present are now able to be seriously considered.

Let me share a little of my fuel of "WHY" I am so FIRED UP!

Because Jenn and I made the decision in December 2002 to become debt-free, we became debt-free in just fourteen months!  Just forty-three months later, I was able to fire myself from Corporate America and start up this crusade to help people accomplish far more than they ever thought possible with their personal finances.

I have been at this crusade full-time since September 24, 2006, and I can not believe what has happened!

  • My first book has been completed and published.  So many copies of this book have sold that I have been able to recover the printing costs and prepare for a 2nd round of printing!  Unbelievable!
  • I have been able to provide FREE one-on-one financial counseling for over six hundred people.  If you live in (or will be traveling to) the Anderson, SC area, you too can receive free one-on-one financial counseling.  A meeting time needs to be scheduled, but you can sign up for this free counseling by clicking HERE.  How is this financial counseling able to be offered for free to anyone who asks?  Because the members of NewSpring Church give and because of awesome volunteers!
  • From my book were born two classes – the Financial Learning Experience (two-hour abridged version of FFE) and the Financial Freedom Experience (six hours – entire class).  I have had the opportunity to teach these classes 23 times at 14 different places!  There are already 5 more of these classes on the schedule between now and May 4th!  Literally thousands of people have been through these classes and THAT FIRES ME UP!  If you are interested in bringing one of these classes to your organization, contact me HERE.
  • I get to write a weekly newspaper column in the local newspaper, the Anderson Independent-Mail.  It is on the front page of the Business section of the Sunday paper.  Unreal.
  • I have been able to meet and interview my hero, Dave Ramsey.  He had to put up with me for THREE HOURS.  Jenn and I got to sit in with him for the entire radio show.  It was awesome!  Dave Ramsey – you are my hero!
  • A weekly "I Was Broke. Now I'm Not." podcast was started.  New episodes are released on Thursdays.  Click HERE to learn more.

To God be the glory!  I can't BELIEVE that I get to do this for a living!

Why do I share this?  Because I want YOU to know what can happen when you become financially-free!  If Jenn and I would have continued to manage our money poorly, I would still be STUCK in Corporate America and be miserable!  Have the last eighteen months been easy?  NO!  Has it been fun?  AB-SO-LUTE-LY!

Read recent posts by Joe 

Receive each post automatically in your E-MAIL!

Financial Freedom Experience – NewSpring Style!

I can't wait for the Financial Freedom Experience to launch again here at NewSpring Church.

 

This will be the EIGHTH TIME that this class has been taught at NewSpring Church in the past eighteen months!  This is in addition to two Financial Learning Experiences (the abridged 2-hour version of the FFE)!

Class Details 

  • Every Tuesday in April (April 1, 8, 15, 22, & 29)
  • 6:30PM – 8:30PM each evening
  • Each attendee receives the FFE Class Manual
  • Each household receives a copy of I Was Broke. Now I'm Not.
  • Cost is $20/individual or $30/family

So … is it time for you to take the Financial Freedom Experience class?  You can register on-line HERE.

I LOVE teaching this stuff and watching people take their finances to a whole 'nother level – Thanks for letting me borrow the phrase Ed!

Read recent posts by Joe 

Automatically receive each post in your E-MAIL

Christmas is …

 

271 Days Away

 

Are you saving money for this KNOWN, UPCOMING EXPENSE?  Learn how Joe and Jenn save money for known, upcoming expenses HERE.  Sorry, but the fabulous original artwork shown at that link has already been sold.

Read recent blog posts 

Receive each post automatically in your E-MAIL by clicking HERE

Purchase I Was Broke. Now I'm Not. on AMAZON.COM, BORDERS.COM, or via PAYPAL.

Choosing Mutual Funds – Part 5

Welcome to the latest series on JosephSangl.com – "Choosing Mutual Funds"

In this series, I will be sharing how I choose mutual funds.  It should be noted that I do not sell investment products nor am I professional in the mutual fund industry.  This is my own personal philosophy for choosing mutual funds.

Part One  What is a mutual fund?

Part Two  Establish investment goals

Part Three  Types of mutual funds

Part Four  Locate mutual funds that meet individual criteria

Part Five  Start Now!

What a great series this has been!  I love talking about investing because it is what allows us all to achieve dreams!  As you might guess, I am FIRED UP!!!

I end the series with Nike's slogan – Just Do It!

I carry this crusade to help others win with their money all over the place, and I still can't believe the number of people that have not begun to invest.  People in their 30s!  People in their 40s!  People in their 50s!  People in their 60s!

So no matter where you are, I have to tell you what Charles Schwab once said …

"The best place to start is where you are with what you have."

It is time to get started.  At least invest enough to get the company's match.  It's FREE money!!!

If you have non-house debt, I recommend that you follow my hero's (Dave Ramsey) 7 Baby Steps.  Click HERE to print your very own copy of his 7 Baby Steps.  Invest enough to catch the free company match and then kill your debt.  Then get a huge emergency fund of three to six months expenses and invest at least 15% of your gross income into tax-advantaged investments.  That is where the real fun begins – when you are able to fund your God-given hopes/plans/dreams!!!

My first book, "I Was Broke. Now I'm Not.", was released on January 20th.  It is available via PAYPAL or AMAZON or BORDERS.

Automatically receive each post in your E-MAIL

Read the entire "Choosing Mutual Funds" series by clicking HERE

Choosing Mutual Funds – Part 4

Welcome to the latest series on www.JosephSangl.com – "Choosing Mutual Funds"

In this series, I will be sharing how I choose mutual funds.  It should be noted that I do not sell investment products nor am I professional in the mutual fund industry.  This is my own personal philosophy for choosing mutual funds.

Part One  What is a mutual fund?

Part Two  Establish investment goals

Part Three  Types of mutual funds

Part Four  Locate mutual funds that meet individual criteria

Once I have determined the category of mutual funds that meet my criteria, it is time for me to review actual mutual funds.  To find the mutual funds, I use a three-part approach.

  1. Mutual Fund Screens – I really like CNN's Mutual Fund Screener and Morningstar's Mutual Fund Screener.  For example, I used the CNN screener to select Small Growth Diversified Funds that have delivered an average of 10% annual return OR LARGER for the past 10 years.  It delivered 36 mutual funds that met that criteria!  This really helps me narrow down the search!
  2. Review Retirement Plan Mutual Funds – If your employer has a retirement plan such as a 401(k), 403(b), Simple IRA, or TSP then be sure to review the options available.  My employer has a Simple IRA with American Fund investment options.  Usually an employer helps absorb some of the fees or the fees are reduced by the plan administrator.  This can really help preserve financial gains!
  3. Seek Professional Guidance – I meet with a financial advisor about once a year.  This professional advice helps me look at my investments with more clarity.

Once I have found funds to look at, I look at the following characteristics of each fund:

  • Age of the Mutual Fund  I like mutual funds that are older than me!
  • Investment Growth  I look at the 1, 5, 10, and Lifetime track records.
  • $ Needed To Start  This is really important for beginning investors.
  • The Fund's Objective  This helps me understand the direction of the fund.

I used the CNN screener in part one above and found two funds to use as an example – First American Small Growth Opportunities Class Y Mutual Fund (FIMPX) and Baron Small Cap Fund (BSCFX).

I use the CNN Money Snapshot feature to analyze funds.  Click on the "Stock Ticker" symbols next to each mutual fund above to see the Snapshot for each of the two funds above.

I also like to compare mutual funds to each other using the "Advanced Charts" feature on CNN Money.  You can view the actual chart and details on CNN Money by clicking the below chart.

Looking at the two charts over their lifetimes, which would you choose?  🙂  Hmmmmmm. One thing I always remember is that history is just that: history.  But it is all I have to go on, so that is why I really like mutual funds that have proven track records and have been around longer than I have.  These two mutual funds are not even teenagers yet, so the jury is still out for me (Maybe that's why I don't OWN either of these).

So that is a glimpse into how Joe chooses mutual funds.  Many times it ends up with a dead end, and I go back to the starting point again to get more mutual funds to compare. 

Tomorrow, this series includes with the most important part of the entire process! 

Read the entire "Choosing Mutual Funds" series by clicking HERE

Read recent posts 

Automatically receive each post in your E-MAIL