Archive for January 2020

Maximize Your Tax Refund

It’s going to be a good day!! Who’s ready to talk about TAXES?

In this episode of the Monday Money Tip Podcast, we’re talking about how to maximize your tax refund. Perhaps you receive a big tax refund, but somehow it disappears without making the impact you wish or thought it could. In this episode, we’re providing some tips you can use to maximize your tax refund. In our Current Money Events segment, we’re sharing about good financial habits that you can create as the year is getting started. Our success story comes from Shawn and Jenn, who are completely debt-free going into 2020, minus the mortgage, after battling several rounds of debt (including a $25k loan for In Vitro, medical expenses, deductibles, and credit card debt)! Congrats Shawn and Jenn!    

Find more episodes of the Monday Money Tip Podcast HERE. Please let us know what you think by leaving us a rating!

Email info@iwbnin.com to ask questions or share success stories.

NOW AVAILABLE TO DOWNLOAD:
iTunes
Stitcher
Spotify
Website
YouTube

About the Episode: 

  • Today, we’re answering: “Every year, I receive a big tax refund. It always seems like a big amount, but somehow it disappears without making the impact I wish or thought it could. Can you provide some tips I could use to  maximize my tax refund?” 
  • In our Current Money Events segment, we’re sharing about good financial habits that you can create as the year is getting started.
  • Our success story comes from Shawn and Jenn, who are completely debt-free going into 2020, minus the mortgage, after battling several rounds of debt (including a $25k loan for In Vitro, medical expenses, deductibles, and credit card debt)!  

Resources:
20/20 Money: Gaining Clarity For Your Financial Future
Free Financial Tools
Online Banks
IWBNIN Ladder
See Our Team Live
Video: Debt Snowball
Tax Refund Mini-Budget

The Power of Coaching

It’s Monday and a new episode of the Monday Money Tip Podcast is LIVE! In this episode, we’re talking about how to stay consistent with your finances. At the beginning of the year, we all get fired up about making changes, but then something happens, and it feels like we lose all of the progress we’ve made. We’re sharing ways you can avoid this up-and-down cycle. In our Current Money Events segment, we’re updating you on the United States National Debt and how you can make a difference.   

Find more episodes of the Monday Money Tip Podcast HERE. Please let us know what you think by leaving us a rating!

Email info@iwbnin.com to ask questions or share success stories.

NOW AVAILABLE TO DOWNLOAD:
iTunes
Stitcher
Spotify
Website
YouTube

About the Episode: 

  • Today, we’re answering: “I need help! I get all fired up about making changes to my finances, and I usually get off to a great start. But then something happens, and it feels like we lose all of the progress we have made. How can I get out of this up-and-down cycle?” 
  • In our Current Money Events segment, we’re updating you on the United States National Debt and how you can make a difference.  

Resources:
20/20 Money: Gaining Clarity For Your Financial Future 
US Debt Clock
IWBNIN Ladder
MMT Podcast – Episode 61: The IWBNIN Ladder – Explained
Checklist For Being a Coach/Mentor


Letter to Representatives About US National Debt: 

I am increasingly concerned over the continued rejection of balanced budgets and refusal of both parties to address our national debt in any meaningful and substantial way. I have tracked our national debt on a continual basis since 2002. I remember seeing the national debt clock in New York in 2006 when our debt stood at $6.5 trillion. It has since tripled.

I am attempting to comprehend the laws surrounding our spending and budgeting. Are there any effective means that will help prevent this from continuing into the future?

I have spent the last 15 years teaching personal financial responsibility, budgeting, saving, debt management, and investing. I have traveled all over America, providing this education. At the core of this teaching is a fundamental equation: INCOME – OUTGO = EXACTLY ZERO It is the basic truth of economics for every family.

A family could never thrive by continually allowing their regular spending to outpace their income. How will it be possible for America?

Can you help me understand the tangible actions you have undertaken to address this issue? Also: What can I do to help?

Respectfully,
Joseph Sangl
Founder, I Was Broke. Now I’m Not.