Archive - April, 2010

Passion

Are you passionate about what you do?

Are you FIRED UP about your schedule today?

I can’t believe our team gets to do what we get to do.   We get to help people accomplish far more than they ever thought possible every single day!   We KNOW why we are showing up to work.

Dr. John C. Maxwell says that passion will make you do things that others will not do – things that most other sane people would never attempt.   We are on a crusade to help all of America be financially free enough to do EXACTLY what they have been put on Earth to do – regardless of the income potential.

Some say it cannot be done.

I say BRING ON THE CHALLENGE!

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K-LOVE Morning Show Appearance Today

I was honored and privileged to appear on the K-LOVE Morning Show this morning for “National Teach Your Kids To Save Day”!

If you are arriving here as a result of that appearance, here are some links to the items we talked about.

  • All of the FREE financial tools are HERE
  • A series about teaching kids about money is HERE and HERE
  • I have written two books about money – one is for high school students and 20-somethings – titled What Everyone Should Know About Money Before They Enter The Real World
  • We also travel extensively throughout the nation teaching about personal finances.   If you are interested in having our team partner with your organization to teach personal financial principles and tools, click HERE to start the conversation.
  • Subscribe to receive posts from JosephSangl.com HERE

So blessed to have had the opportunity to appear on K-LOVE with Eric and Lisa!

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Teepees and Financial Freedom

I met an interesting character last Thursday night.   He was debt-free and loving life.   I asked him how he did it, and his response was both HILARIOUS and thought-provoking.

He said that he lived a horrible financial life for his first thirty years of life and decided that it was not working for him.   So he got rid of everything and moved into a teepee.   He lived in the teepee for two years.   Then he bought land – with cash.   On that land, he built a barn with two rooms to live in, but he had to haul water in because he did not have plumbing.   Now, he has a nice small home built on the land and is living his dream.

Oh yeah, his wife went along with all of this.   Talk about taking the core principle of working together to an entirely new level!

As I have said so many times, when you truly have an IHHE Moment (I Have Had Enough Moment), you will stop at nothing to change your situation.

Too many people are just unwilling to take the steps necessary for them to achieve financial freedom.   In this man’s own words, he said that he had people who lived in incredible homes with mountains of debt who made fun of him the entire time he lived in the teepee and the barn without running water.   They could not believe he was living that way.   He said, “Nobody is laughing now!”

Roll with it – this man is one of my new financial heroes!

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Teaching TL Hanna Freshman All Day Monday – EIGHT Times!

I have the incredible honor to invest a day in the lives of the freshman class at TL Hanna high school (the high school my daughter will attend one day).   The teaching will be based out of my newest book, What Everyone Should Know About Money Before They Enter The Real World.

I am going to teach on the top 12 things that everyone should know about money.   Topics will include:

  • Have a plan for life
  • Have a plan for the money that supports the life plan
  • Debt
  • Student loans
  • Credit scores
  • Compound interest
  • Giving
  • Saving

We get to teach the class EIGHT TIMES tomorrow.   YES!

This Weekend: Crosspoint Church – Fishers, IN

I am sitting in Starbucks in Fishers, IN right now as our team prepares to spend a great weekend with Crosspoint Church (Pastor Curt Walters).   Crosspoint Church is about three years old and the entire church is passionate about reaching their community.   This weekend, we will be training financial coaches, I will be speaking during the Sunday morning messages (9AM and 10:30AM) and then teaching the Financial Learning Experience following the 10:30AM service.

It is a full schedule, and we love it!   Can’t believe we get to partner with such great churches and businesses to equip people to accomplish far more than they ever thought possible!

If you are in the area, come on!   You can find out more HERE.

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Church Leaders: Atlanta Area Stewardship Conference – May 11

I am excited about the upcoming Stewardship Challenge Conference being hosted by Mountain Lake Church in Cumming, GA (Pastor Shaun Lovejoy) for the following reasons.

  • Dr. John Maxwell will be speaking – twice. There is a reason why people have purchased more than 18,000,000 books – this man is extremely gifted in communicating and equipping leaders.   Stewardship is one of his passions.
  • Pastor Shaun Lovejoy will be speaking. He planted Mountain Lake Church and also leads ChurchPlanters.com – an organization dedicated to equipping those who are considering launching or have already launched a church – and guess what?   One of the biggest challenges faced by young churches is financial need and stewardship.   I PROMISE YOU, you will learn a lot from Shaun.
  • I have the honor of talking about equipping people to win with their money. I know it may surprise you, but I am passionate about helping people get their money in order so that they can accomplish far more than they ever thought possible.   I relish every single opportunity that I have to share on this topic!
  • Q & A You will be provided an opportunity for Q&A with Dr. Maxwell, Pastor Lovejoy, and members of the Injoy Stewardship Solutions team.   There is nothing like being able to share your particular stewardship challenge and hear the thoughts of such incredibly gifted leaders as to how they might address it.

You can learn more and register HERE.

I believe that every single church leader would benefit greatly from the teaching during this conference.

Booking the fall schedule

Our team is building the fall schedule, and we want to come teach the Financial Learning Experience and train Financial Coaches at your church or business!   If you are interested in having our team partner with your organization, contact us HERE and select “Speaking Request”.   We will set up a phone call to talk about your needs and then work to provide a solution that helps equip your church community or employees to win with their financial resources.

We are passionate about equipping others to accomplish far more than they ever thought possible.

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Save For Emergencies

I heard on this evening’s news that a local factory in South Carolina is having to reduce the hours of its employees because of the volcano eruption in Iceland.   This means reduced pay.   I hope that the employees have saved money to cover this work slowdown.

This is why it is SO IMPORTANT to save money for emergencies.   You never know when the emergency will happen.

Have you saved up money to prepare for a volcano eruption (or any other emergency that can happen)?

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SERIES: Lessons Learned While Starting A Small Business – Part 4

Welcome to the latest series on JosephSangl.com – Lessons Learned While Starting A Small Business.   Starting a small business can be tremendously exciting and frightening at the same time.   One of the most common trends that we see among small business owners is that they are very good at providing their product or service, but they are not so skilled at the business side of doing business.   This series will focus on some of the key lessons we have learned from meeting with many small business owners as well as truths we have learned as we have built a small business.

Part Four – Growing a business without debt requires great amounts of patience.

There are many costs associated with starting a small business, and it is very enticing to use debt to pay for them.   I have made a commitment, however, to grow my business without any debt.   I believe that I could certainly grow a business faster by using debt, but I also know that it can be harder to sleep at night when one has signed up for a tremendous amount of debt.   In my personal budget, I have found that our commitment to live without incurring debt causes us to seek out better deals, save money more consistently, and simplifies our lives by reducing financial stress.   I have discovered that this is also true with the business.

I must say that I have been tempted to obtain debt – on more than one occasion.   But each time I consider doing so, something about my past experiences with debt causes me to pause and consider why I want to obtain debt.   It forces me to ask myself this question, “Is this expense really necessary and is there another solution that would allow us to avoid debt?”       To this point, we have always found a way to avoid debt.   Sometimes it has meant that we have to press the “pause” button on a project (that stinks!).   Other times, it has meant that we have discovered an amazingly better alternative solution!

One of our fundamental business principles we operate by is this:   If we operate with cash in the bank and zero debt, we will have a sustainable business that will impact millions of people – and our team will be able to sleep at night without piles of debt hanging over us!

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Financial Learning Experience – Cleveland, OH

This weekend, our team was able to travel to Cleveland, OH to teach at Bethel Cleveland Church (Pastor Steve Witt).   We were able to teach the Financial Learning Experience on Friday evening to a tremendous group of people who were passionate about taking their finances to the next level!   Today, we were able to train 25 financial coaches through our Financial Counseling Experience – all six hours of it (and they still got home in time for the Cavaliers’ game).   Tomorrow, I have the privilege of delivering the morning messages at both campuses.

Have I said lately that I can’t believe I get to do this?

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SERIES: Lessons Learned While Starting A Small Business – Part 3

Welcome to the latest series on JosephSangl.com – “Lessons Learned While Starting A Small Business”.   Starting a small business can be tremendously exciting and frightening at the same time.   One of the most common trends that we see among small business owners is that they are very good at providing their product or service, but they are not so skilled at the “business side” of doing business.   This series will focus on some of the key lessons we have learned from meeting with many small business owners as well as truths we have learned as we have built a small business.

Part Three – Risk is part of the game.

It is risky to start a business.   You could immerse yourself into the business spending unbelievable amounts of money and time, and the entire venture could still fail.   You could leave a great career where income and job security seems to be a given.   It is a risk.   If you want to play it safe, have at it, but please do not start a business.   It will lead to a bad case of fear, panic, and frustration.

When you start a business, you are putting your reputation on the line.   People who have trusted you in your old business will put their trust in your new business, and you could risk a friendship if the quality of your product or service is low.

I have found that risk is inherent in anything I do.   It is even risky to stand still and do nothing.   It has required a great deal of effort, but I have learned to embrace risk and the unknown.   Please note that I stated that I have “learned” to do this.   It is not a natural thing for me to do.   For example, I want to hold on to our cash instead of invest it in a new product or service we are thinking of offering – because the potential of that new product/service is unknown.   But it is too risky to stand around and not generate our next new product.   It will prevent us from growing and stagnate us from achieving our mission “to help others accomplish far more than they ever thought possible.”

Risk is part of the game.   If we fail, we fail.   We will do an autopsy on the failure, find out what went wrong, and then pick up the remnants start on the next project.

Bottom-Line:   Risk is part of the deal.   Learn to embrace it.

Read entire series

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SERIES: Lessons Learned While Starting A Small Business – Part 2

Welcome to the latest series on JosephSangl.com – “Lessons Learned While Starting A Small Business”.   Starting a small business can be tremendously exciting and frightening at the same time.   One of the most common trends that we see among small business owners is that they are very good at providing their product or service, but they are not so skilled at the “business side” of doing business.   This series will focus on some of the key lessons we have learned from meeting with many small business owners as well as truths we have learned as we have built a small business.

Part Two – You have a much greater chance of success if you have a great product/service.

This seems almost too fundamental to even write, but you would be surprised at the number of people who forget this.   You can do great construction work, but it is worthless if you fail to show up when you say you will.   If you are selling a new computer device (one that calls your cell phone and also sends a text message when your freezer has stopped working), you will not receive repeat orders if it does not send the message when the freezer actually fails.   Great products and services generate one key thing that we can not generate on our own – positive word-of-mouth press.   When others tell others about their awesome experience with your product, you have a great chance at succeeding.

Here are some good questions to ask about your product/service:

  • What makes our product/service better than our competitors?
  • How are customers finding out about our product/service?
  • How can we leverage positive customer feedback to reach more potential customers?
  • What is one thing we can do right away to take our product/service to the next level?

Bottom-Line: Great products/services vastly improve the chances for business success.

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Savings Idea: 0% Balance Transfer Credit Card

During the Financial Learning Experience, I regularly point people with high balances on high interest credit cards to consider rolling that debt over to a 0% credit card.   During late 2008 and early 2009, the 0% balance transfer credit card offers really dried up, but we have seen them freeing up lending lately.   In fact , we have found that Discover is now offering 0% for twelve months (it was six months) and have lowered the transfer fee to 4% (it was 5% when it was last at twelve months).

Our team keeps a running list of 0% Balance Transfer Credit Card offers on our Next Steps site HERE.

And, of course, here is my statement on that page that emphasizes that this is a tool to ELIMINATE credit card debt, not OBTAIN it!

Statement from I Was Broke. Now I’m Not.’s Next Steps page:

If you are here to acquire new debt, this is not the page for you.   I highly recommend that you prepare a written budget, calculate your debt freedom date, find out just how much interest you are paying every month, and pursue debt freedom.

Need help learning how to use all of these tools?   Purchase a copy of I Was Broke. Now I’m Not. HERE.

Next Steps 0% Credit Card Balance Transfer links were created for people who are looking to gain traction on their march toward financial freedom by restructuring their existing high interest debt to zero percent interest so that ALL of the payment is applied toward the debt balance.

SERIES: Lessons Learned While Starting A Small Business – Part 1

Welcome to the latest series on JosephSangl.com – “Lessons Learned While Starting A Small Business”.   Starting a small business can be tremendously exciting and frightening at the same time.   One of the most common trends that we see among small business owners is that they are very good at providing their product or service, but they are not so skilled at the “business side” of doing business.   This series will focus on some of the key lessons we have learned from meeting with many small business owners as well as truths we have learned as we have built a small business.

Part One – Starting a business will cost more than you think.

If you believe that you will start a business without it costing you anything, you are living in a fairy tale.   It is going to cost you money.   It will cost you time.   It will cost you hobbies.   It can even cost you relationships.   Starting a small business is not for sissies.   It requires great resolve, passion, focus, money, tremendous effort, patience and time.

Money Dr. John C. Maxwell states in his book, Put Your Dream To The Test, that your dream will cost you, and it will cost you more than once.   Start-up costs alone can cripple a new business from the start.   Legally organizing the business costs money.   Office supplies and equipment cost money.   Office space costs money.   If you are not willing to put your own money into the business, don’t expect anyone else to invest in it either.   Take the amount of money you think it will take to successfully start your business and double it.   You will be close to the amount you will really need.   Your business is going to cost you money.

Time If you are pursuing a dream, it will consume large amounts of time.   It will rob you of sleep.   You will quite possibly stare at the ceiling for hours throughout the night as you think through the countless opportunities that lie in front of you or the enormous costs coming up that the bank account can’t cover.   In the book, The E-Myth (I reviewed it HERE) , Michael Gerber challenges a small business owner to draw up the organizational chart for all of the positions necessary to make the dream become reality.   The next step is to put a name in each position.   If there is no employee for the position you have written down, then your name is to be entered there because you will be the one doing that task until someone is hired to do it!   Talk about intimidating!   I discovered that I am the CEO, resource development, HR, shipping clerk, travel agent, and janitor all at the same time!   No wonder I was tired!   Your business is going to cost you time.

Hobbies If you want to start a small business and still maintain a great family life, some hobbies will have to take a back seat.   I love golfing, but golfing loses out right now.   I can’t afford five hours away from family and the business once or twice a week.   I love fishing.   I have greatly reduced the time spent with this hobby.   When I do go fishing, I bring along my daughter to maximize that time.   You will not have to say goodbye to your favorite hobbies forever, but they might have to be moved down the priority list while launching your small business.

Bottom Line: Launching a small business will cost you.

Your thoughts?   Small business owners – I would love to get your thoughts into the conversation – share them in the comments section.

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Speaking Schedule For Next Two Weeks

I was excited to be able to speak to a class at Tri-County Technical College last week and a class at Westside High School the week before!   I used materials from my latest book, What Everyone Should Know About Money Before They Enter The Real World.   It is our team’s passion to equip young people with practical tools and training that allows them to maximize their financial potential and avoid making financial mistakes.   At Westside, I was also able to talk about the importance of continual learning.   It was a joy to be able to speak to such a great group of young people!

Our team is PUMPED about the upcoming two weeks.   If you are in the general area of these events, we would love to see you there!

April 14, 2010   FLE Liberty University School of Law Lynchburg, VA

April 16, 2010   FLE Bethel Cleveland Cleveland, OH

April 17, 2010   FCE Bethel Cleveland Cleveland, OH

April 18, 2010   Speaking   Bethel Cleveland Cleveland, OH

April 24, 2010   FCE Crosspoint Church Fishers, IN

April 25, 2010   FLE Crosspoint Church Fishers, IN

April 28, 2010   Speaking Stewardship Challenge Sacramento, CA

April 28, 2010   Speaking (Breakout Session)   Thrive Conference Sacramento, CA

To book the IWBNIN for an event at your business, school, or church contact us HERE.

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