Archive - March, 2010

Ways To Eliminate The Mortgage More Quickly – Part 5

Welcome to the latest series at JosephSangl.com – Ways To Eliminate The Mortgage More Quickly.   It is my hope that this series can help you eliminate what is usually the single largest expense in the household budget and free that money up to much greater things than make a bank rich!

Part 5   Eliminate one “nice-nice” monthly expense and send it to the mortgage company

How much do you send to the cable/satellite company each month?   Let’s say that it is $70/month.   That is $840/year.   Cancel the cable and re-route that monthly bill to the mortgage payment.

Other items that could be reduced/eliminated include:

  • Grocery bill (use coupons!)
  • Dining out
  • Clothing
  • Spending money
  • Magazine subscription
  • Insurance premiums

Less payments toward these bills means more money for payments toward mortgage elimination!!!

Read the entire series HERE

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Ways To Eliminate The Mortgage More Quickly – Part 4

Welcome to the latest series at JosephSangl.com – Ways To Eliminate The Mortgage More Quickly.   It is my hope that this series can help you eliminate what is usually the single largest expense in the household budget and free that money up to much greater things than make a bank rich!

Part 4   Pay one extra payment each year

One of the most common ways that people reduce their mortgage payback period is by sending in one extra payment each year.   This will eliminate 5 to 7 years from a 30-year fixed rate mortgage.   You can send one extra payment each year using a variety of methods.

  • Send in one extra payment when you receive a tax refund or profitability bonus
    • Since this money is not part of the normal budget, it is can be easier to send this money immediately toward the mortgage.
  • Set up 1/2-payments to be made every two weeks
    • Since there are 26 two-week periods in a year, this means that 13 full payments will be made each year.   Presto!   An extra payment!
  • Send in 1/12 (8.3%) extra on each monthly payment.
    • 1/12th payment/month X 12 months = 1 full payment per year

Use the Early Pay-Off Calculator located HERE to run some numbers for your mortgage and become debt-free sooner!

Read the entire series HERE

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Crusade is headed to Alexandria, KY!

FLE

FLE

The I Was Broke. Now I’m Not. Team is headed to Alexandria, KY this weekend for another weekend of life-change!   We will be at Main Street Baptist Church (Pastor Bob Franklin) to train financial coaches on Saturday.   I will be speaking during the 9:30AM and 11:00AM services.   I will then have the opportunity to teach the Financial Learning Experience on Sunday afternoon at 3PM.   If you are in the area, we would love to have you join us!

You can learn more and register (it’s FREE) HERE.

Ways To Eliminate The Mortgage More Quickly – Part 3

Welcome to the latest series at JosephSangl.com – Ways To Eliminate The Mortgage More Quickly.   It is my hope that this series can help you eliminate what is usually the single largest expense in the household budget and free that money up to much greater things than make a bank rich!

Part 3   Pay 10% extra each month

Whatever your monthly payment is, add 10% and you will eliminate 7 years or more from a 30-year fixed rate mortgage!   For instance, if your mortgage payment (including escrowed taxes and insurance) is $1,000, you would send in an extra $100 per month – $1,100/month.

Example If you have a $150,000 5.50% fixed-rate mortgage with a monthly payment (including escrow) of $1,000 with $852 being applied to principal and interest each month (the other $148 being applied to taxes and insurance).   If you send in $1,100 each month, there is now $952/month being applied to principal and interest.   This will reduce a 30-year note to a 23 year 4 month note!

Use the “Early Pay-Off Calculator” located HERE to run some numbers for your mortgage and become debt-free sooner!

Read the entire series HERE

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Next Stop: Cowee Baptist Church – Franklin, NC

I am excited to be speaking at Cowee Baptist Church (Pastor David Powell) in Franklin NC tomorrow morning during their 8:45 and 11:00 AM services!   In the evening, I will be teaching the Financial Learning Experience.

Here is what I know to be true:   We all have friends and family that struggle with financial issues.   If you live in the general vicinity, I challenge you to bring somebody with you!   You can find out more information HERE.

I can not believe that I get to do this!

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Restaurant.com is 80% off

For those of you who have attended a Financial Learning Experience in the last year or so, you know I am a fan of Restaurant.com as a great way to save money on dining out.

As they usually do, they offer 80% OFF nearly every other week.   They have just released the latest 80% OFF discount code: BITE

Check out the participating restaurants in your area HERE.

I’m actually redeeming one for a local restaurant in my area for dinner tonight!

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Funny Money YouTube Video

Take four minutes and watch this hilarious video about money …   :)

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How Broke Are We?

Already in DebtNews Flash:   It will soon be $46,000+ when our national debt reaches the new limit approved by Congress – $14.3 TRILLION.

What are we going to do about this?

NOTE:   I don’t know who owns this photograph, but I would gladly provide credit.

Injoy Stewardship Challenge Conference

I am excited to be speaking as part of the Injoy Stewardship Challenge Conference series that will be visiting four cities in 2010! Here is 411 on the line-up of speakers, locations, and dates.

April 8, 2010   Kansas City, MO – Heartland Community Church

April 28, 2010   Sacramento, CA – Bayside Church

  • Dr. John C. Maxwell
  • Dr. Rick Campbell
  • Pastor Ray Johnston (Pastor of Bayside Church)
  • Joseph Sangl
  • Tim Avery

May 11, 2010   Atlanta, GA – Mountain Lake Church

  • Dr. John C. Maxwell
  • Dr. Rick Campbell
  • Pastor Shawn Lovejoy (Pastor of Mountain Lake Church)
  • Joseph Sangl
  • Tim Avery

The fourth location will be announced soon.   In the meantime, I would love to meet you at one of these conferences!   Learn more and register HERE.

Ways To Eliminate The Mortgage More Quickly – Part 2

Welcome to the latest series at JosephSangl.com – “Ways To Eliminate The Mortgage More Quickly”.   It is my hope that this series can help you eliminate what is usually the single largest expense in the household budget and free that money up to much greater things than make a bank rich!

Part 2   Lower The Interest Rate

One key way to eliminate a mortgage is to have an excellent mortgage interest rate.   Mortgage rates are at historic lows.   CNNMoney’s website has an excellent calculator that one can use to evaluate different refinancing alternatives to see which one is best for your situation.   It can be obtained HERE.

Just lowering the interest rate by 1% on a $100,000 mortgage will nearly $1,000/year!   That, my friends, will spend just like money and I would much rather apply that money toward principal reduction or funding a dream than sending it as a gift to my mortgage lender!

We have an “Early Pay-Off Calculator” located on under our NextSteps tab (HERE) that will show you how much more quickly you can pay off your loan if you obtain a lower interest rate.

This can seem very basic, but it is easy to get caught up in the day-t0-day bustle of life and miss one of the key ways to eliminate the mortgage more swiftly!

Read the entire series HERE

One key way to eliminate a mortgage is to have an excellent mortgage interest rate.   Mortgage rates are at historic lows.   CNNMoney’s website has an excellent c

Thisalculator that one can use to evaluate different refinancing alternatives to see which one is best for your situation.   It can be obtained at http://money.cnn.com/tools – click on mortgage refinance calculator.

FREE On-Line SavingFreak/GroceryFreak Workshop TONIGHT!

I am excited to announce that The Saving Freak will be offering the SavingFreak/GroceryFreak Workshop for FREE in an on-line workshop – and the first one is tonight!

As I have said before, The Saving Freak continually amazes me with how he saves money on nearly everything he buys.   I have applied most of his savings ideas in my own life, and it has truly made a HUGE difference!

Here are some things I have learned from him:

  • How to cut my grocery bill by nearly 25% (using coupons and GroceryFreak.com and other coupon websites)
  • How to make my el-cheapo disposable razor last at least 10 months
  • How to locate discount codes for most of my on-line purchases
  • How to cut my hotel bills by more than 50% (and our team travels A LOT)
  • How to cut my car rental bills by more than 50% (and we also rent a lot of vehicles)

I am SO EXCITED that we have been able to offer this workshop on-line!   It will be offered on two different dates – tonight (3/9) and also one week from today on March 16th from 7PM – 9PM Eastern Time.

Did I mention that it is FREE?   Registration is required.   Learn more and REGISTER HERE.

Ways To Eliminate The Mortgage More Quickly – Part 1

Welcome to the latest series at JosephSangl.com – “Ways To Eliminate The Mortgage More Quickly”.   It is my hope that this series can help you eliminate what is usually the single largest expense in the household budget and free that money up to much greater things than make a bank rich!

Part 1   Introduction

I remember the day that I signed up for my first home mortgage.   I financed such a large amount of money that I could not really comprehend the amount.   All I knew was that I wanted to purchase a house, and the bank was willing to lend me the money.   When I made my first mortgage payment, I realized just how much this debt was going to cost me.   Less than two-percent of the payment was applied to principal balance reduction.   The rest of the payment went to make other people and businesses wealthy – banks, insurance companies, and the government.

What I discovered was that if I paid the scheduled payments on my first house for the entire thirty year term, I would end up paying more in interest than I paid for the house.   Ridiculous!   I set out to find ways to eliminate the mortgage more quickly so that more of my money would be applied to the principal balance.

This will be fun!

Read the entire series HERE

I remember the day that I signed up for my first home mortgage.   I financed such a large amount of money that I could not really comprehend the amount.   All I knew was that I wanted to purchase a house, and the bank was willing to lend me the money.   When I made my first mortgage payment, I realized just how much this debt was going to cost me.   Less than two-percent of the payment was applied to principal balance reduction.   The rest of the payment went to make other people and businesses wealthy – banks, insurance companies, and the government.

What I discovered was that if I paid the scheduled payments on my first house for the entire thirty year term, I would end up paying more in interest than I paid for the house.   Ridiculous!   I set out to find ways to eliminate the mortgage more quickly so that more of my money would be applied to the principal balance.

SavingFreak – GroceryFreak FREE On-Line Workshop

I am excited to announce that The Saving Freak will be offering the SavingFreak/GroceryFreak Workshop for FREE in an on-line workshop!

The Saving Freak continually amazes me at the ways he saves money on nearly everything he buys.   I have applied most of his savings ideas in my own life, and it has truly made a HUGE difference!

Here are some things I have learned from him:

  • How to cut my grocery bill by nearly 25% (using coupons and GroceryFreak.com and other coupon websites)
  • How to make my el-cheapo disposable razor last at least 10 months
  • How to locate discount codes for most of my on-line purchases
  • How to cut my hotel bills by more than 50% (and our team travels A LOT)
  • How to cut my car rental bills by more than 50% (and we also rent a lot of vehicles)

I am SO EXCITED that we have been able to offer this workshop on-line!   It will be offered on two different dates – March 9th and March 16th from 7PM – 9PM Eastern Time.

Did I mention that it is FREE?   Registration is required.   Learn more and REGISTER HERE.

ANNOUNCEMENT: I Was Broke. Now I’m Not. Group Study Taken To NEXT LEVEL!

I am PUMPED to announce that the I Was Broke. Now I’m Not. Group Study is being taken to the next level!   As of mid-March, we will have a video component available where I teach the principles/tools being discussed each week of the six-session study.

Each video session is 14 – 24 minutes long with the remainder of each 60-minute session left for group discussion/application.   We are SO EXCITED to be able to take this resource to the next level.   We believe that this video component will really help group leaders focus the discussion on the essential principles and tools.

Our goal at I Was Broke. Now I’m Not. has been to ALWAYS offer incredible value for the lowest price possible (it is why we offer all of our financial tools for FREE!)   We are going to offer each DVD video kit for $30.   The I Was Broke. Now I’m Not. Group Study Kits (Copy of I Was Broke. Now I’m Not. and Group Study Guide) will remain $17.50/kit (or less if more than 50 are purchased).

Be on the lookout for the official announcement and release of this new resource.   We are SO PUMPED!

Check out the I Was Broke. Now I’m Not. Group Study website HERE.

Want to learn more?   Contact our team at info@iwasbrokenowimnot.com or call [864] 332-4151.

Colwood Church and Upcoming Events This Week

The I Was Broke. Now I’m Not. team had a GREAT time this weekend at Colwood Church (Pastor Jonathan Herron) in Caro, MI!   We were able to train four financial coaches/counselors, speak during both morning services, teach the Financial Learning Experience to the adults and What Everyone Should Know About Money Before They Enter THE REAL WORLD to the youth.   What an amazing response we had!   I am so dumbfounded that we get to do this life-changing work for a living!!!

Here is the event schedule for this week and upcoming weekend:

March 3, 2010   FLE SE Conf of SDA   Patmos Chapel Worship Center Winter Park, FL

March 4, 2010 Unleash Conference NewSpring Church Anderson, SC

March 6, 2010   FCE New Life Center Bridgeton, MO

March 7, 2010   FLE New Life Center Bridgeton, MO

March 8, 2010   FLE NewSpring Church – Florence Campus

March 9, 2010   FLE NewSpring Church – Anderson Campus

March 10, 2010   FLE NewSpring Church – Columbia Campus

March 11, 2010   FLE NewSpring Church – Greenville Campus

We hope to see you at one of these upcoming events!

See the entire schedule HERE.

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