Archive - December, 2008

10 Reasons I Promote Debt Freedom

Here are ten reasons that I promote debt freedom ...

  1. I can give more away
  2. Debt means that I have already spent some of tomorrow's income
  3. Lenders control the terms of debt which means that they have the potential to control me
  4. Cash-paid-for-in-advance vacations are AWESOME!
  5. I can invest more
  6. Less stress!
  7. My wife is happier when there is no financial stress
  8. Bill paying time is reduced by 90%
  9. Paying cash instead of using debt means that I have to wait to make a purchase.  The waiting process helps me process the decision much more thoroughly and has made me a much wiser consumer.
  10. I need to earn less to maintain the same lifestyle.

What others would you add?

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Crusade Travels To Chicago!

I am PUMPED about being at The Chapel tomorrow to teach the Financial Learning Experience!

The FLE is from 2:00 PM - 4:00 PM, and it is FREE with no registration required!

Directions to the event are HERE.

I am looking forward to being in Chicago!  For dinner tonight I plan on eating HERE.

I can't believe I get to be a part of this life-changing work!

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LifeWay Stores Podcast

I was able to participate in a podcast about I Was Broke. Now I'm Not. a couple of weeks ago.  The podcast interview was conducted by LifeWay's Ben Stroup.  Ben is passionate about stewardship and giving, and it great to have the opportunity to talk shop.

The podcast can be heard HERE.

A reminder that the I Was Broke. Now I'm Not. Christmas Special is still available through December 18.

Giving – It never gets old

I love giving.  Love it!

I have seen the the simple act of giving completely transform lives.  My education is a direct result of GIFTS.

Purdue University

  • My beloved university where I received my bachelor's degree in Mechanical Engineering (BSME) was founded through gifts.
  • In 1862, President Lincoln signed the Morrill Land Grant Act that would give public owned land to any state that would use the land or proceeds from the sale of that land to found a college teaching agriculture and engineering.
  • In 1869, Indiana signed on and accepted GIFT from John Purdue ($150,000 - in 1869!  At 4% annual inflation, that equates to a gift of $38,614,733!).  They also accepted a GIFT of $50,000 from Tippecanoe County (where Purdue is located) and 100 acres from local residents.

Clemson University

  • The university where I received my masters degree in Business Administration (MBA) was founded through the same Morrill Land Grant Act!
  • In Thomas Green Clemson's will, he bequeathed the Fort Hill plantation and a considerable sum from his personal assets for the establishment of an educational institution of the kind he envisioned.

Giving made my education a possibility.  John Purdue, the residents of Tippecanoe County, and the local residents who donated land all made Purdue a possibility.  Thomas Green Clemson made Clemson a possibility.  Although the residents of Tippecanoe County who donated tax dollars and land are not mentioned, they are just as much a part of it as John Purdue and Thomas Clemson.

Key Lesson: GIVING allows me to make a difference in future generations.

Sources

  • Purdue University web site
  • Clemson University web site
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“I Was Broke. Now I’m Not.” Blog Community

I am PUMPED about a new part of the crusade that will be introduced over the next two months.  The new part of the crusade is called the "I Was Broke. Now I'm Not." Blog Community (IWBNIN BC).

It is the IWBNIN vision to help others accomplish far more than they ever thought possible with their personal finances.  Why?  Because we believe that when people are financially free, they are much more likely to go do EXACTLY what they have been put on earth to do - regardless of the income potential.

This Blog Community helps accomplish this vision.  It is our belief that a supportive community and strong accountability are HUGE keys in helping one take the steps necessary to win with finances.

If you are ...

  • Just beginning to live and operate life with a written budget
  • Marching toward Debt Freedom
  • Restructuring your debt
  • Saving money to build an emergency fund
  • Saving money to pay cash for purchases
  • Beginning your investing journey
  • Passionate about helping others win with their finances
  • Passionate about living your financial victories and stumblings out loud
then you are an ideal fit for the IWBNIN BC!

Here is how it will work.

  • You will be able to set up a free blog with a basic sign-up form
  • Share your journey on a regular basis via regular blog posts
  • The most recent posts from the IWBNIN BC will appear on JoeSangl.com and IWasBrokeNowImNot.com - this provides more exposure for your journey and a much greater chance for feedback from others in the community and throughout the world!

We are in beta testing of the IWBNIN BC right now, and we are looking for five candidates who would be willing to help us by writing blog posts on at least an every other day basis.  If you want to be a part of this new community, contact us HERE.

Provide your e-mail address and tell us what the primary focus will be for your blog posts.  If you are selected for the beta testing phase, we will contact you with the details for you to get started on your blog!

Debt Pay-Off and Saving Spectaculars

I love filling in the squares on the Sangl Family Home Pay-Off Spectacular every month.  It is so satisfying to visibly watch the debt leave.

Over the past year, we have developed an entire set of Debt Pay-Off and Saving Spectaculars.  In fact, they have been downloaded thousands of times!  That floors me.

I would love to hear your ideas on additional Spectaculars we can provide.

So ... ask yourself the following questions: 

What are you paying off?  and  What are you saving money for?

Put your suggestions in the comments below, and the team will work to provide spectaculars for them over the next several weeks! 

Speaking at Lifepoint Church Sunday Morning!

I will be speaking tomorrow morning at Lifepoint Church in Wilmington, NC!

 

I would love to see you there if you are in the area!  Directions are HERE.

If you attended the FLE, here are some helpful links that I mentioned.

Awesome! 

DebtFreeWilmington.com

I am excited to be on the way to Wilmington, NC for a weekend of life change!


 

On Saturday morning, I have the fantastic opportunity to train financial counselors through the Financial Counseling Experience.

 

Saturday evening I will be teaching the Financial Learning Experience at the DebtFreeWilmington.com event.  You can register HERE.

 

On Sunday morning, I will speaking at Lifepoint Church during both morning services.  Directions are HERE.

There is nothing like a weekend of life change!  I can't believe I get to do this stuff. 

Marathon Training Is Like … Planning

Marathon training is like planning.

I am currently training for a full marathon that I will run on January 18 in Houston, TX.  I am neck deep in to the training plan right now, and there have been several times that I have asked myself, "WHY am I doing this?  AGAIN?!!"

Since this is my second marathon, I am much more aware of the importance of good planning.

In my first marathon, I had a great training plan that I obtained from HalHigdon.com.  He has training plans for all lengths and types of runs, but I pulled up the novice marathon training plan.

It was a great plan.  It started out with moderate runs and slowly but surely it stretched out to longer runs.  I remember specifically a day that the plan called for a twenty mile run.  A twenty mile run.  I was training in Indiana for the race, and it was horribly cold outside so I ran on a treadmill.

Shortly after I got on the treadmill, a young mother showed up and placed her baby in a car seat attachment next to her.  She then proceeded to change the TV to "Bob The Builder".  She ran for twenty minutes and then left me stranded there watching "Bob The Builder" - SIX STRAIGHT EPISODES!

After running for seventeen miles, I could not take "Bob The Builder" anymore so I got off the treadmill to go change the TV channel.  I never got back on the treadmill.  I never ran the other three assigned miles.

I ended up shortchanging one more twenty mile run that was on the plan.

Guess what happened?  During the marathon, I ran great until mile 17.  By mile 19, I was hurting so bad that I stopped and walked for awhile.  I ran-walked the final 7.2 miles.  I finished, but I really paid dearly for not following the plan.

Have you ever planned your spending and then failed to follow it?  I know I have in the past.  I made it through the month, but I paid dearly for not following the plan.

That is how marathon training is like ... plannning. 

Will Rogers said that "even if you are on the right track, you will get run over if you just sit there."

Economic Stimulus Package Equals Lower Gas Prices

I believe that the greatest economic stimulus package that could have ever been implemented is LOWER GAS PRICES.

Seriously.  I believe that super-high gas prices forced people to trim their spending to essentials and to restructure their spending - including eliminating gas hogs.  Now that gas prices have eased there is extra money each month.

I do not know about you, but I saw a ton of people at Wal-Mart on Black Friday shopping with cash.

The average American family is getting an extra $50 to $200/month simply because of lower gas prices.  That equates to an extra $600 to $2,400/year.

What do you think? 

Sangl Home Pay-Off Spectacular – December 2008

Every month there will be an update of Joe & Jenn's Home Pay-Off Spectacular!

Here's this month's update!

Total Squares:  2,426

Paid-For Squares:  771 775   

Squares Remaining:  1655 1651

% of House Owned By The Sangl's:  31.8% 31.9%

% of House Owned By Wells Fargo:  68.2% 68.1%

Here is the updated "Sangl Home Pay-Off Spectacular" (Click on the picture to view the larger, cleaner version)

We are now only thirty-three squares away from owning the entire exterior walls of our house!

How are you doing on YOUR house payoff spectacular?  If you do not have one, you can get one here => Pay Off Spectacular - House.

Read previous Sangl Home Pay-Off Spectacular Updates

2009 Q1 Event Schedule

I am PUMPED about 2009!  This crusade takes tons of people to make it work, and I am so honored that so many of you have participated in or volunteered to serve at one our events.

Here are the cities that the crusade will be visiting in the first three months of 2009.

  • January 17 & 18 Houston, TX
  • January 24 & 25 Philadelphia, PA (Philly area)
  • January 28 Ottumwa, IA (Des Moines area)
  • January 31 & February 1 Cheyenne, WY
  • February 7 & 8 Dallas, TX
  • February 22 Canton, GA (Atlanta area)
  • March 7 & 8 Acworth, GA (Atlanta area)
  • March 12 & 15 Anderson, SC
  • March 22 Lakeland, FL  (Tampa area)

I am also stoked to see that the crusade will be traveling in ways that do not require me to travel!  The I Was Broke. Now I'm Not. Group Study is being implemented into small groups and medium size groups in dozens of churches.

That PUMPS ME UP!  I am so honored that I get to serve so many people, churches, and businesses and be a part of life changing work.

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