Archive for June 2014

The Importance of Diversification – Ecclesiastes 11:2

I have a question for you:

Are your investments appropriately diversified?

Before you answer this question too quickly, let me ask the question in a more extended version:

Are your investments appropriately diversified – both within and outside of the stock market?

This is a very important addition to the question. Let me explain.

When the entire stock market goes up, it tends to drag the stocks of lower performing companies up with it. However, when the entire stock market goes down, it tends to drag down the stock price of companies that continue to perform very well. This is why it is vitally important to diversify your investments – both within and outside of the stock market.

Many people only have investments within their company retirement plan where they are offered various stock market investment options. As a result, their investments are subject to the greater market’s performance.

Ecclesiastes 11:2 provides this great wisdom: Invest in seven ventures, yes, in eight;you do not know what disaster may come upon the land.

This is why I have invested in both market-based investments as well as non-market-based opportunities.

Here are some great non-market-based investments to consider:

  1. Rental Real Estate – Commercial and Residential
  2. Land – They’re not making any more of it – except in a few volcanic islands
  3. Precious Metals – Gold, Silver, Platinum, etc.
  4. Antiques
  5. Talents – Write a book, Record an album, etc.
  6. Business – Start up a small business

I’ve found Ecclesiastes 11:2 to be very helpful in my money journey. As I’ve invested in a variety of assets, some of them have encountered struggles. By having a widely diversified set of investments, my other assets have helped carry the load until a struggling investment improved.

Last Chance For $5 Book Offer (Ends at Midnight)

Today we wrap up our five day celebration of I Was Broke. Now I’m Not.‘s 5th birthday!

SPECIAL NOTE: The special $5 book offer ends tonight at midnight, so be sure to GET YOUR COPY before this one-time offer ends.

As we finish our celebration, I want to share some final “behind the scenes” moments that have happened that have helped shape our organization.

ONE: The day we were invited guests to sit with Dave Ramsey during The Dave Ramsey Show.

My first question for Dave was, “I’ve written a book. Should I self-publish or seek a publisher.”

Dave’s response helped me greatly. He said, “Stay away from vanity press. Do print it and do sell it. It’s worth it man!”

Just five month’s later, we released I Was Broke. Now I’m Not. It is amazing what has happened since!!! Thank you, Dave, for everything you have done for me and my family.

TWO: That time when my story was shared in Money Magazine.

Thank you, Donna Rosato, for including my story. It helped fuel the dream more than you know.

THREE: When a church parodied the “” commercials with “I Was Broke. Now I’m”

The 1 min 9 sec YouTube video is still funny for me to watch!

FOUR: The “surprise” that happened 16 days after launching IWBNIN full-time on June 1, 2009 – And the encore 4 years later


On June 1, 2009, I left my full-time job with some saved money and a dream. Sixteen days later, we discovered a miracle was on the way, and I shared the news with the world. Now, four years later, we’ve even had this little miracle join us.

FIVE: Serving more than 1 million people over the past 5 years.


Through the live events all over the U.S. and Canada, our books and resources, free financial tools, and this website, we’ve encountered people from all walks of life and financial backgrounds. The stories you’ve sent to us through the years have been nothing short of AMAZING. We’re grateful to serve each and every one of you.

Can’t wait to reveal what’s coming next …  Here’s a hint: It’s a game-changer – coming This Fall!

Celebrating 17 Years of Marriage


Today, my bride and I are celebrating 17 years of marriage.

Count them.  1, 2, 3, 4, 5, 6, 7, 8, 9, 10, 11, 12, 13, 14, 15, 16, 17 years.

What an amazing journey it has been:

  1. Having three children – a daughter, then a son, then another beautiful daughter
  2. Four great years at Purdue University. Then Clemson University for graduate school.
  3. Helping start NewSpring Church in Anderson, SC and watching it grow from 15 people to more than 32,000 people per weekend
  4. Renting a house and two apartments, then purchasing four different homes
  5. Working for a couple of huge publicly-traded companies, becoming a pastor at NewSpring, then launching I Was Broke. Now I’m Not. full-time
  6. Purchasing INJOY Stewardship Solutions
  7. Being broke and in debt up to our eyeballs all of the way to living a fully funded life
  8. Navigating tough circumstances together – knowing we have each other’s back all of the way through it
  9. Traveling all over God’s green earth to visit family and make memories

There are so many more great moments, and it is awesome to know we get to start our 18th year at the beach.

I love you, Jennifer Sangl!

Celebrating 5 Years of I Was Broke. Now I’m Not!


Have you ever had a “WOW” moment? Last Sunday, I experienced just such an occasion when this crazy dream to help people win with their money officially turned 5 years old! That’s right, it was five years ago when I left my full-time job and gave I Was Broke. Now I’m Not. my total attention. Statistics routinely show that 9 out of 10 new organizations fail within the first 5 years. I’m so thankful and grateful that we are one of the “1 out of 10” who succeeded!

And you have been a part of this success story! Whether you have attended a live event, downloaded one of our free tools, or purchased a resource, you have been a part of reaching more than ONE MILLION people with practical and relevant personal finance tools.

It’s time to celebrate!

To celebrate this milestone and your part in it, I want to do something very special. My finance guy is out of the office this week, and he may not be happy when he hears about this, but for the next 5 days, I’m making my two top-selling books available at a price we’ve never offered before. Just $5 each.

If you’ve ever wanted a copy of I Was Broke. Now I’m Not. and What Everyone Should Know About Money Before They Enter The Real World NOW is the time to grab your copies!

Purchase Joe’s 2 top-selling books for $5 each HERE!

It has been a distinct honor to be a part of your financial journey, and I can’t wait to share what’s coming in the next year. It’s game-changing!