Archive for November 2012

What Are Your Dreams?

I am passionate about helping people accomplish their dreams. It is the entire reason for my life’s passion statement: “To help people accomplish far more than they ever thought possible!” Most people have no idea of the real potential they possess. One reasons for this is because they have never taken the time to write down their dreams and challenge themselves to take the necessary actions to accomplish them.

Today, I want to try something new. I am asking you to take just a couple of minutes and share the dreams you have for the rest of your life. It is completely anonymous, so please be real and honest. I believe that if most of us were truly open and honest, we all have at least one HUGE DREAM that we have never dared tell anyone for fear of what others might say.

Would you please share your dreams with me?

 

Can’t see the form? Click HERE to view it as a separate web page.
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Record Powerball Lottery

As I write this post, a record Powerball lottery drawing is getting ready to be held. The jackpot drawing is estimated to be $550 million. After paying taxes, the winner(s) will receive only an estimated $360.2 million.

Thinking about being handed a huge amount of money, people begin to dream.

  • If I had that sort of money, I would do …
  • I would go …
  • I would give …
  • I would quit my job.
  • I would never work again.

Many people believe that things would be different “if they were rich”. I have found that money only magnifies who you really are. I have heard many people say that they would be very generous if they were rich, but they aren’t giving any money away in their current circumstances. Their lack of generosity would not change much even if they gained substantial money. On the other hand, if one currently lives a life of generosity, that person would also be very generous should they gain tremendous wealth.

Want evidence? Just look at the lives of famous people – actors, athletes, and highly compensated business people. Money only AMPLIFIES who they were before they achieved wealth.

If you want to be an awesomely great rich person, be a great person on your way to building your wealth!

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Teach Your Child About Money In 10 Minutes

A few days ago, I asked this question:

“If you had just 10 minutes to teach your child(ren) about money, what would you teach?”

The responses were incredible! Here are a few of my favorites:

  1. Lesson number 1; spend less than you make. Lesson number 2: Make sure you give and save every month.
  2. You haven’t got to spend every dime you get….:)
  3. It’s very important to take advantage of compound interest over time, so START SAVING EARLY and avoid debt as much as possible, especially early in your career. This will save you a lot of grief and stress in later years, plus free up money to be able to be a generous giver.
  4. What my Dad always told me…”A sale is not a sale if you don’t have the cash to pay for it.”
  5. “Everything in the heavens and earth is yours, O Lord, and this is your kingdom. We adore you as being in control of everything. Riches and honor come from you alone, and you are the Ruler of all mankind; your hand controls power and might and it is at your discretion that men are made great and given strength” -1 Chronicles 29-11-12  I would start w/ this verse…reminding them of it in the day to day life that we live together in our home…and then, i’d look around our home and show them that just as everything in our house that belongs to mom and dad…is all stuff they use everyday (tv, beds, hot water, food, etc.) is all stuff that we are glad for them to use w/ care and thankfulness…And in reality, it is all God’s and we want to use it w/ care and appreciation. Until any of us first deal w/ who God is and what is our response to who He is…all the teaching about dollars, budgetting, all the wise money skills…won’t really teach them the most important heart issues…ownership and response…  This is what we did w/ our kids and all 3 of them seem (as young adults in their 20’s) to have a great heart for thankfulness, a joyful attitude about giving and seem to handle their money wisely…
  6. Debt means somebody else gets your money!
  7. 1. Income – Outgo = ZERO every month, every time.  2. 10% to God, 10% to savings at a minimum, every payday, every time.  3. Memorize these two website addresses and visit them often: www.joesangl.com and www.daveramsey.com  End of lesson.
  8. Save most, and spend some. Save for a rainy day, as the old saying goes.
  9. You don’t own your money, you’re just a manager. Make it grow. Be ready to let it go. Give away more than you think you can.
  10. Always pay your tithing- the Lord will provide.

Those are 10 of our favorite responses! Do any of these responses connect with you?

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Joseph Sangl’s Current Investments – November 2012 Update

Anyone who has attended a Financial Learning Experience has heard me say that it is important to INVEST money and to do so every single time you are paid money. At the end of our live events, I am regularly asked or emailed the following question:

“What investments do you recommend?”

My answer is always, “I don’t recommend specific investments. I can only tell you the investments I own, and they have worked well for me. The investments you choose are up to you.”

Occasionally, I update everyone on the investments I currently hold. Below is a chart of the current investments we hold. If it is publicly-traded, I have included the ticker symbol. Click on the chart itself (or HERE) to see a larger version.

In my last update on March 30, 2011, I shared that I was focused on diversifying my investments beyond publicly-traded instruments (stocks, bonds, mutual funds, ETFs, etc.). The below chart shows continued progress as a result of that focus.

Can’t see the chart? Click HERE.

My Thoughts:

  • It is vitally important to maintain margin. Cash on hand is essential to the long-term success of any effort – personal, small business, or large business. As a result, you can see strong cash holdings.
  • Some of these funds are not open to the general market, which is why they do not have a “Ticker Symbol”, but I am able to invest in them through my previous employer’s 401(k) plan.
  • One reason I hold so many mutual funds is because of a variety of 401(k), 403(b), Roth IRA, and 529 holdings – each plan has different mutual fund selections available.
  • I do not “eat, sleep, and breathe” the stock market on a daily basis. I update my net worth once per month, but rarely jump in and out of funds. Day trading is definitely not for me.
  • Our small businesses are growing – and we are putting people to work! That FIRES ME UP!

I would love to hear your thoughts on these investments!

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If You Had 10 Minutes To Teach Your Child About Money

If you had just 10 minutes to teach your child about money, what would you teach? Share below! I will share some of our team’s favorites throughout the next few weeks!

Can’t see the form? Click HERE to view it.