Archive for December 2008

SERIES: Setting Goals – Part Two

Welcome to another series on JosephSangl.com – Setting Goals

I am passionate about helping others accomplish far more than they ever thought possible with their personal finances.  I know that the number one way that folks will win with their personal finances is to have a well-written plan and clearly defined goals.

Part Two  Determine your mission

What is your mission?  The vision is the guiding light for everything your organization does, but the mission answers "what" you are going to be doing right now to accomplish the vision.

The IWBNIN vision is …  to help others accomplish far more than they ever thought possible with their personal finances.

This vision is what drives everything we do, but it does not say "what" we are doing right now to accomplish it.  The mission should say what the key focus is for the next several years.  The IWBNIN mission statement does that.

The IWBNIN mission is … to teach personal finances to 100,000 people by October 2011.

This mission is a (somewhat) manageable chunk that clearly defines our focus right now.  It seemed like such a huge mission back in 2006 when we set it.  But with the NewSpring growth rate, we might be running 100,000 people by October 2011!  Awesome!

One more thing about your vision and mission.  If they do not FIRE YOU UP, you probably have not nailed it down.  As I simply typed the words in right now, I literally YELLED out loud.  It FIRES ME UP!  I can not believe I get to do this stuff for a living.

Take some time to write out a (somewhat) manageable mission that will guide your efforts for the next few years.  Then go read Part Three

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SERIES: Setting Goals – Part One

Welcome to another series on JosephSangl.com – Setting Goals

I am passionate about helping others accomplish far more than they ever thought possible with their personal finances.  I know that the number one way that folks will win with their personal finances is to have a well-written plan and clearly defined goals.

Part One  Clearly define your vision

Where are you headed?  What is it that sets your soul on fire?  What makes you wake up every morning and say, "Good morning, Lord!" instead of "Good Lord, it's morning."?

Without clear vision, it becomes difficult to set goals.

If you do not have a clear vision of where you are headed, then it might be that your vision statement would be "To find out and do EXACTLY what I have been put on this earth to do".

Write down your vision and ponder on it for awhile and then go to Part Two of this series. 

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Credit Card Rule Changes

The Federal Reserve Board has implemented some substantial rule changes that govern how credit card companies interact with cardholders.

I am PUMPED about some of the rules changes, but I am disappointed that most of these will not be implemented until July 2010.

Here are some rule changes that I am excited about:

  • Double cycle billing is eliminated.  This eliminates double-billing on interest (robbery).
  • Can’t raise rates unless payments are more than 30 days behind.  Provides some margin for error before default rates go into effect.
  • Payments will be applied to highest interest balances first.  YAY!

And here is my personal favorite – No more universal default rules!  This means that credit card companies can not raise your rate on a card that has been paid on time simply because you have paid late on another credit card!

You can read a complete article about the credit card lending rules at CNNMoney – HERE.

As a reminder, there is a way to prevent credit card companies from controlling your life – PAY THEM OFF!!!  If you are carrying a balance on your credit card and are paying interest, it can be very worthwhile to transfer the debt to 0% balance transfer credit cards so that ALL of your payment is applied to principal.  PAY THEM OFF, and apply the first rule of holes – stop digging!  No more debt.

New Series Starting Next Week

I am excited about a new series coming to JoeSangl.com next week.  The new series is called "Setting Goals".

In this series, I will be sharing the process that I use every year to establish yearly goals.  I have found goal setting to be one of the most rewarding parts of the year.  It is a time where I am able to reflect on progress made over the past year and to dream about what could be in the year to come.

Until then, why not begin thinking about what your plans were for 2008.  How did the year go?  What wins did you experience?  What unexpected stuff appeared?  Where are you headed next?

I can't wait!

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Save A Ton Of Money On Insurance!

I was able to go to Foothills Community Church last night and sit in on the final session of the I Was Broke. Now I’m Not. Group Study.

To prepare for this final session, participants were directed to shop their insurance rates and come to session six with what they found.

The results seemed to surprise some in attendance, but they did not surprise me! If you have not shopped your insurance lately, you can save a TON of cash.

Here are some of the actual numbers reported last night.

  • Saved $300/year on Auto/Home
  • Saved $1,836/year on Auto/Home
  • Saved $660/year on Auto/Home
  • Saved $786/year on Auto/Home
  • Saved $110/year on 20-year Level Term Life Insurance

Why not get new insurance quotes?

    

The above links are to US Insurance Online a company that I have used to obtain much better rates. Instead of having to call three different insurance companies and telling them your information three different times, you can type your info in once.  This info will be distributed to a bunch of different name-brand and independent agencies – all competing for your business.

You can get your home, auto, life, and health insurance quoted all at one time, and it can all be done in less than five minutes. Chances are good that you will save a ton of money. When you do, I hope you will click HERE and share how much you saved!