Archive - November, 2010

SERIES: 5 Questions To Ask Before Spending Money

Welcome to the latest series on the wildly popular JosephSangl.com – 5 Questions To Ask Before Spending Money

It is my hope that this series will help provide you with practical questions to ask when preparing to spend a substantial amount of money. Practical questions that will help you truly understand the enormity of the decision and help you make the decision that is best for you and your family.

Question 2: Will this item INCREASE or DECREASE in value?”

Asking this simple question can prevent a lot of poor spending decisions!

Chewing gum goes down in value.   So do cars, 4-wheelers, refrigerators, swimming pools, and clothes.

Businesses can go up in value.   So can houses, land, antiques, mutual funds, company stocks, bonds, and intellectual property (patents, licenses, etc).

Here is what I KNOW: Not all of your purchases can be for items that increase in value, but if ALL of your purchases go down in value – something ain’t right!

BONUS: Find someone you know who is prospering with their investments.   Invite them to lunch (pay for his/her lunch) and ask them to mentor you!   They will probably LOVE IT!

Read the entire series

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SERIES: 5 Questions To Ask Before Spending Money

Welcome to the latest series on the wildly popular JosephSangl.com – 5 Questions To Ask Before Spending Money

It is my hope that this series will help provide you with practical questions to ask when preparing to spend a substantial amount of money.   Practical questions that will help you truly understand the enormity of the decision and help you make the decision that is best for you and your family.

Question 1: “Do I need this?”

This can seem very basic, but as a “spender” I can get caught up in the “I WANT THIS!” moment and never stop to ask, “Do I need this?”

My garage is full of “I WANT THIS!” items that we never use.   EVER!   This includes a RC Airplane (it’s cool – but I don’t use it), bike (never ride it), tennis rackets (once every three years – not a priority), and many other items.

Pausing to ask, “Do I need this?”, can prevent a lot of poor spending decisions.   I’m not saying that I never purchase things that are pure “wants” – I am saying that when I ask the key question, I make much smarter overall decisions.

BONUS: Wait overnight before answering the question!   It is amazing the clarity that a good night of sleep will bring to a spending decision!

Read the entire series

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Happy Thanksgiving!

It is that time of year to take the opportunity to reflect upon all the good in our lives and be thankful for it.   I am truly living a blessed life!

As I reflect on this year, I am especially thankful for:

  • Health – I am GRATEFUL for the good health of my entire family!
  • Life – We were blessed with the safe arrival of our miracle baby boy, Keaton, in February (read about that HERE)
  • My Family – My bride, Jenn, and my daughter, Melea, are AWESOME!
  • This Crusade – We have been able to serve literally tens of thousands of people this year, and I am SO PUMPED to help so many take their next financial steps!
  • This Country – We ALL have the opportunity to pursue our dreams.
  • My House – It has been a chore to fix up our older house, but with most of that work complete – we really like our home!
  • My Vehicles – The 1997 GMC Sierra is still rolling along and went on the crusade about 10 times this fall!   The 2002 Chevy Tahoe will run over anything, and I LOVE IT!   (we even drove it to Houston, TX for Thanksgiving!)
  • My Church – I am challenged weekly through NewSpring Church.   Where else in life would I be consistently challenged remove the focus from myself and to serve others?   LOVE IT!

I am grateful and thankful for the many blessings in my life.   What are you thankful for this Thanksgiving?

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How To Have A Debt-Free Christmas

According to Sangl’s Dictionary, here is the definition of “Debt-Free Christmas.”

Debt-Free Christmasnoun The act of buying Christmas gifts without incurring any debt.

Here is the 1-2-3 steps that will ensure that you can have a Debt-Christmas of your own:

  1. Save money for Christmas throughout the year – save some money for Christmas every single paycheck.
  2. In October/November, prepare a Mini-Budget for the money you have saved for Christmas.     Click this link to pull the tool up: Mini-Budget Tool.   See the picture below for a sample budget.
  3. Ensure that it balances to EXACTLY ZERO!
  4. Stick to the plan!

MiniBudgetChristmasExample

It is that simple!

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Sangl Home Pay-Off Spectacular – November 2010

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:   868 870

Squares Remaining:   1558 1556

% of House Owned By The Sangl’s:   35.8% 35.9%

% of House Owned By Wells Fargo:   64.2% 64.1%

Here is the updated Sangl Home Pay-Off Spectacular (click to view large size)

Blog Sangl Family Pay-Off Spectacular - Analysis 2010-11

We are making sloooooooooooooooow progress toward our next steps on this home pay-off spectacular.   2011 will be a very interesting year of updates!

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

Poor vs. Broke

I recently heard a pastor share a thought about what it means to be “poor” and what it means to be “broke.”   He said the following:

Poor means I have no money.

Broke means I have money, but I do not pay my bills.

What are your thoughts?

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I’m Lame. REALLY Lame.

According to Toyota, I am very lame.   Apparently, in order for me to be “not lame”, I need to spend $32,523.   On a car.   That will drop in value like a rock.   Just like any other brand new vehicle.

Watch the commercial for yourself HERE (or click the YouTube Video below).

Are you lame?

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Complete This Sentence: When it comes to finances, [insert here] stresses me out the most!

Let’s have a little fun here on JosephSangl.com!

Complete the following sentence:

When it comes to finances, stresses me out the most!

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Right Direction Christian Center

Right Direction Christian Center

I am FIRED UP to be speaking at Right Direction Christian Center (Pastors Dr. Herbert and Dr. Marcia Bailey) in Columbia, SC this Sunday!

Our team trained 26 financial coaches last weekend.   On Sunday, I will be delivering the messages in both services.

Following those services, we will be offering the next step to attend a Financial Learning Experience to be equipped with practical tools to prosper with their finances!

The FLEs will be held on:

Tuesday – 6:30PM – Orangeburg Campus

Wednesday – 6:30PM – Columbia Campus

Click HERE to find addresses

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Yet Another Reason WHY I GIVE!

I love my home church, and this weekend another story was told that FIRES ME UP and it is WHY I GIVE!

You should really take the 4:18 necessary to watch this story – SERIOUSLY – WATCH IT NOW!

Click HERE to view it!

Read recent posts HERE.

BigCrumbs.com – How To Earn Money On Your On-Line Purchases

The Saving Freak has shown me yet another way to save/earn money!

If you purchase ANYTHING on-line, you can use BigCrumbs.com to obtain a referral code.   The process is so simple!

  1. Simply search BigCrumbs.com for the on-line store that you are going to buy something through
  2. Click on the link provided
  3. Purchase whatever you are planning to purchase (within your budget, of course!)
  4. BigCrumbs.com will give you a percentage of your purchase (1% to 20%) back in CASH!

You can check it out and sign up HERE.

By the way, I have been using this to book all of IWBNIN’s travel for several months and getting money back!

Financial Truths

Here are some basic financial truths:

  • Income – Outgo = Exactly Zero
  • Consumer Debt is NEVER helpful long-term
  • Saving a little every month trumps trying to save a lot once in awhile
  • Automatic savings is far more consistent than relying on oneself to write a check every month
  • A spending plan prepared BEFORE the month begins allows one to accomplish far more than one without a plan
  • No one has ever cried that they had saved too much money, but many have cried over saving too little
  • Retiring entirely dependent upon Social Security is far worse than retiring independent of Social Security
  • Working together with your spouse on money will improve your marriage
  • Prayer really works!
  • Seeking wise counsel from those who have “been there – done that” always trumps “going it alone”
  • Mutual funds are not the only way to build financial wealth
  • Everyone CAN be debt-free – it is a choice

What are some other financial truths you would share?

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My Next Stops In The Crusade!

I am FIRED UP to be able to serve so many great organizations and churches!   The schedule includes stops in South Carolina, Virginia, Georgia, North Carolina, and Kansas.   AND I can’t believe what the spring is looking like!!!   This is unbelievable that I get to do this life-changing work for a living!

November 3, 2010   Tri-County College   Pendleton, SC

November 5, 2010   Stewardship Challenge   Hampton, VA

November 6, 2010  FCE Right Direction Christian Center Columbia, SC

November 9, 2010 Take Out Conference   NorthStar Church Kennesaw, GA

November 10, 2010   The Sticks Conference Orangeburg, SC

November 14, 2010 Speaking Right Direction Christian Center Columbia, SC

November 16, 2010 FLE Right Direction Christian Center Orangeburg, SC

November 17, 2010 FLE Right Direction Christian Center Columbia, SC

November 18, 2010 Speaking   ConnectNC Leadership Conference Haw River, NC

November 20, 2010  FCE Aviator Church Derby, KS

November 21, 2010 Speaking     Aviator Church Derby, KS

November 21, 2010   FLE Aviator Church Derby, KS

December 4, 2010  FCE The Refuge Concord, NC

December 5, 2010 Speaking    The Refuge Concord, NC

December 5, 2010   Speaking   Envision Church Greer, SC

December 6, 2010   FLE Envision Church Greer, SC

December 6, 2010   FLE The Refuge Concord, NC

That is SEVENTEEN TOUCHES over the next month.   I’m FIRED UP!

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Element Church Video: It’s Why I Do What I Do

I am FIRED UP about this video from Element Church in Cheyenee, Wyoming (Pastor Jeff Maness)!

It is a story of life-change, and it is EXACTLY why we are on this crusade to help people accomplish far more than they ever thought possible with their personal finances!


Financial Freedom from Element Church on Vimeo.

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