What are you known for?

If you have a plan for your finances and you follow that plan, you will have a great chance of becoming wealthy. Wealth generally amplifies who we really are.

I want to be known for my passion for helping people accomplish more than they ever thought possible. I want to help equip them with tools that alter their future for the good. I want them to be able to focus on their life’s passion instead of how to pay the house payment this month. It is time that Americans are taught the long-lost truths of saving, budgeting, having a plan, saying “NO!” for a little while, invoking parental control, spending less than is earned, and giving. If we are not following these truths, will our children? Will our government?

Is this blog helping me develop into who I am made to be? I think so, but it certainly is not enough. My entire life must represent the values I am seeking to teach.

It has been said that you can look at a person’s checkbook and day planner, and you will know who they are and what they value. What a challenge! Try it out. Do you like the results? Remember, wealth will only amplify who you really are.

Will you like the rich version of you?

I am passionate about helping …

My life’s passion statement is to help people accomplish far more than they ever thought was possible. One key way that I am seeking to accomplish this is by teaching people about personal financial management. I have realized that if I can help people with their financial situation, then they will be better able to focus on achieving their life’s passion.

Example 1: I have this friend, Perry Noble, who is passionate about leading people to Jesus Christ. He is passionate about helping people to intensely focus on doing more than just sit on a church pew – to get up and DO SOMETHING! If he were worried about where the money for the next house payment was going to come from, would he be as effective at accomplishing his life’s passion?

Example 2: I have this other friend, Ken Wilson, who is passionate about technology, graphic design, and motion graphics. He is passionate about helping people learn about technology and utlizing it in a creative, mind-stimulating way. If he were constantly worried about the creditors calling, do you think he would be at his creative best?

Example 3: I have myself. I am passionate about helping others accomplish more than they ever thought was possible. If I were worried every single day about how I would pay the doctor bills, I believe that I would not be as effective at accomplishing my life’s passion!

What is your life’s passion? Is your financial situation stopping you from focusing 100% on it? What do you need help with most?

Another reason why you should budget …

PAID FOR VACATIONS! Going on a vacation that is paid for in advance is AWESOME! Imagine going on a trip that is already PAID FOR before you leave. It is an outstanding feeling!!! When you have paid for the trip in advance, you will enjoy the trip so much better.

I am going on vacation. It is paid for. It was paid for over a month ago. Now, all I have to worry about is … NOTHING AT ALL!

Are you going on a pre-paid paid-for vacation anytime soon? It is awesome! Here is the challenge: Try to go on a weekend vacation and pay cash for it in advance.

What will you say in 20 years?

Today, I mark 20 years since I learned about debt and its impact on my ability to achieve financial freedom. It was 20 years ago that I learned that if I had debt, it would enslave me to the lender. I learned that the interest I paid on debt would help the bank build a nice new building downtown. I learned that debt would lead to added stress in my life. Debt would cause tremendous strain on my marriage. It would also cause me to have my reputation stained when I lost my job and could no longer pay my debts. Debt would make me lose the ability to give to worthy causes or help the poor. Debt would limit my ability to assist my children through college. Debt would make me lose sleep at nights. Debt would force me to work extra hours and additional jobs just to keep current on payments. As a result of working the extra hours and additional jobs, debt would wrench the additional income from my family’s hands. I also learned that unexpected expenses would arrive and that if I had not saved money, debt would be available to handle the emergency. Debt would cost me the ability to do exactly what I am made to do since it would not produce a large enough income to service the debt. It was 20 years ago that I learned that debt is dumb. It was at that time that I learned that I needed a plan to become and stay debt-free.

Today, I am broke. I still have debt. Even after knowing the truths about debt FOR TWENTY YEARS!!! Even after seeing its awful consequences on friends and families. Even after knowing that I really should do something about this debt problem. If only I had taken the time to plan. If only I had gotten on the same page with my wife and budgeted. If only we would have told ourselves “NO!” to the gadgets that we paid top dollar for, but sold in a garage sale for $4 total last weekend.

Signed – The Average American

What you don’t know DOES harm you!

Budgeting is easy. Three years ago, I would never have written that statement, but today I can passionately state that budgeting is easy.

Here is a key fact to remember. Budgets do not require calculus, differential equations, geometry, physics, or trigonometry. Budgets do not even require division or multiplication. Budgets really only utilize addition and subtraction. Think about it. If you can punch numbers into a calculator, you can complete a real, workable budget. It is a simple equation:

INCOME – OUTGO = EXACTLY ZERO

It is just that easy. If you don’t know this equation, it WILL harm your finances. It can lead to devastating effects on your marriage. It can lead to strained family relationships. It can create worry and stress. I know. I have been there. I have seen it with my own eyes. I have stared poverty in the eyes. Poverty that was the direct result of not understanding this equation. Poverty that should not have happened. Poverty that is impacting the family in a horrible way. It is what they DID NOT KNOW that is harming them. They routinely spent more than they made. They were paying more money in late fees and overdraft charges than their house payment. What they DID NOT KNOW is harming them.

You might be saying, “I don’t need a budget.” I will tell you that “I was broke … Now, I’m not!” It was through the introduction of a monthly budget that we were able to make our family’s finances work. Now, we are able to give more than I ever thought possible, save more than I ever thought possible, and we are able to utilize our income to do something besides PAY BILLS!!!

I have a question. When you were growing up, was it your dream to owe Capital One? Target? Kohls? Belk? Disney? Countrywide? Wells Fargo? Put a stop to this madness. Get a budget.

It is my goal to get every person on this planet to PLAN their finances through the use of a monthly budget. If you want to know how to budget but can’t seem to get started, e-mail me at josephsanglblog@yahoo.com.