Archive - November, 2009

AP News Article: 49% of Children Will Need Food Stamps

November 5, 2009 in Finance with 1 Comment

I recently was sent THIS ARTICLE (thanks Isaac!) which was written by AP writer, Lindsey Tanner.   I was dumbfounded by the statistics shared.   Here are some specific lines that struck me:
  • Nearly half of all U.S. children and 90 percent of black youngsters will be on food stamps at some point during childhood
  • Your neighbor may be using some of these programs but it's not the kind of thing people want to talk about
  • Other researchers have estimated that slightly more than half of adults will use food stamps at some point by age 65
Here is what I know - this crusade is all about helping PREVENT this from happening in the future.   If people are EQUIPPED with the ability to produce income and taught HOW to save some for emergencies and down times, we can make a substantial dent in these numbers. I can't wait until I launch the research division of IWBNIN.   One of the key items I want to know here is the amount of income that these families have received in the previous five years.   If they have received decent income over that time and managed to save exactly zero dollars, then it is shame on them.   If they have received no income, but they did not give 100% toward trying, then it is shame on them.   If they have received horrible income over that time even though they tried with everything they had then it is an entirely different problem. I don't have the research yet, but I can't wait to see those numbers.   I have no idea what we will find out, but it will certainly be interesting! Read recent posts

SERIES: Fundamental Rules Of Money Management IV

November 4, 2009 in Fundamental Rules Of Money Management with 0 Comments

Welcome to a new series on the wildly popular JosephSangl.com! In this series, I will be sharing what I believe are Fundamental Rules Of Money Management. I look forward to reading your thoughts on this topic! Rule #4 You must have margin. I have lived with no money in the savings account.   When I was in that situation, I was very aware that it was not the best situation.   It was clear that $0 in savings left little room for financial emergencies to occur, but I was unaware of the full implications of zero saving until I finally had a healthy savings account. A healthy savings account provids margin.   It allows you to think beyond today and tomorrow.   Margin allows you to consider a business decision, career path, or even moving without seizing up due to making this statement to yourself, "That will cost money.   Money that I do not have."   Financial margin allows you to absorb unexpected financial events (like refrigerator, hot water heater, or car failure) - without incurring new debt. Margin also allows you to take advantage of unexpected financial bargains. To me, financial margin equals to less stress, peace, a calm wife, and freedom. Read entire series Read recent posts

Savings Workshop – Greenville, SC – THURSDAY

November 3, 2009 in Event, IWBNIN with 0 Comments

Just two days left until the savings workshop takes place in Greenville.     There are still a few slots left for anyone who wants to use the coupon code HALF and register for only $5 instead of $10.   It is going to be a great time where you can learn the methods I use all the time to save money on just about anything I buy.   The Saving Freak/Grocery Freak will be leading this money saving class! Here is what I know.   If you apply the tools taught in the Savings Workshop, you will save more than $1,000/year!   You will learn how to save money on groceries, dining out, travel, cell phone service, on-line shopping, shopping at department stores, insurance, and many more items.   It will definitely help you save on your Christmas shopping that you haven't started yet.   To sign up just go to the registration page and make sure to use the code HALF to get half off the regular price.

Savings Workshop – Auburn, AL

November 3, 2009 in Event, IWBNIN with 0 Comments

The Saving Freak/Grocery Freak will be teaching the I Was Broke. Now I'm Not. Savings Workshop will be in Auburn, Alabama on Tuesday, November 10! If you live in the area and want to learn how to "save money on nearly everything you buy", make plans to be there! Find out more and register HERE.

SERIES: Fundamental Rules Of Money Management III

November 1, 2009 in Fundamental Rules Of Money Management with 0 Comments

Welcome to a new series on the wildly popular JosephSangl.com! In this series, I will be sharing what I believe are Fundamental Rules Of Money Management. I look forward to reading your thoughts on this topic! Rule #3 Nothing will happen until you do something. I used to work a J.O.B.   I was energetic enough because I am a naturally hyper person, but I was working a J.O.B. Instead of waking up in the morning and saying, "Good morning, Lord!   I can't believe I get to do this!!!", I would wake up and say, "Good Lord.   It's morning.   Where's the coffee?"   I wanted to do work that made a difference.   I think most people fall into that category.   There is nothing more miserable than working a J.O.B. that makes absolutely no difference in anyone's life. I have met a lot of people who feel stuck in their job.   They hate it.   To say that they "despise" their job would not be overstating it.   They want to do something else, but they feel trapped. I have been there.   I decided to do something about it.   I began to offer free financial counseling for members of our community.   Trusting people allowed me into their homes to help them prepare a written spending plan or to develop a strategy to become debt-free.   Those people allowed this crusade to become a reality.   But it would not have happened had I not made the first move. This rule applies to all areas of life.   Want to go out on a date with that girl?   Better do something - ask her!   Want the next promotion?   Let the boss know that you are interested - and prepare like crazy so that you are ready for it! Want to win with your finances?   DO SOMETHING about it. Read entire series Read recent posts

Thank You For Attending The Financial Learning Experience!

November 1, 2009 in Event, FLE with 0 Comments

Thanks so much for attending the Financial Learning Experience!   It is  my  prayer that you left inspired and equipped to take your finances to the next level.

You CAN do this!

It is  our passion  to help others accomplish far more than they ever thought possible with their personal finances.   By attending the FLE, you helped us put our passion into action.

We  realize that a lot of information was shared  during the FLE, so here is  a summary of the information and tools.

Top FIVE Lists:

Budget (Remember, it's EZ!)

  • The monthly budget form and weekly/bi-weekly/bi-monthly budget forms are located HERE
  • The money saving tips are located on the Budget Boosters (including Groceries) page located HERE
  • Level term life insurance quotes can be quickly obtained HERE
  • Auto/Home insurance quotes can be obtained HERE

Debt Elimination/Debt Freedom Date Calculation

  • The Debt Freedom Date Calculator and Actual Cost of Debt Calculator are located HERE
  • You can find zero percent interest balance transfer credit cards HERE
  • The Debt Pay-Off Spectaculars (including the Llama one) are located HERE
  • An Early Pay-Off Calculator is located HERE

Retirement Nest-Egg Required Calculation/Investing

  • High interest on-line savings accounts are located HERE
  • The Retirement Nest-Egg Required Calculator and Investment Value Calculator are located HERE

RESOURCES

  • You can obtain a copy of I Was Broke. Now I'm Not. and its related Group Study HERE
  • You can PRE-ORDER a copy of my new book for young people, What Everyone Should Know About Money Before They Enter THE REAL WORLD HERE (ships by Dec 15 - in time for Christmas!)

If there is any way that the IWBNIN Team can serve you, please let us know!

Thank you!

Joseph Sangl

Want to share your thoughts?   Join the I Was Broke. Now I'm Not. conversation on Facebook or  on Twitter.

Sangl Home Pay-Off Spectacular – November 2009

November 1, 2009 in Home Pay-Off Spectacular with 0 Comments

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:   810 815 Squares Remaining:   1616 1611 % of House Owned By The Sangl's:   33.4% 33.6% % of House Owned By Wells Fargo:   66.6% 66.4% Here is the updated "Sangl Home Pay-Off Spectacular" Blog Sangl Family Pay-Off Spectacular - Analysis 2009-11 We have now begun to pay off the sunroom portion of our house - another five squares this month.   We could pay off more but ...   Baby Sangl #2 is taking that money right now!!!   That is the best reason I can possibly think of for delaying the aggressive house pay-off plan! 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
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