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Monday Money Tip: Saving Money On Groceries

In this Monday Money Tip, I share several key ways you can save money on your groceries. This is knowledge that can literally help you free up cash to buy more food (or save, invest, give, etc).

Can’t see the YouTube video? Copy and paste the following link in your favorite browser: https://www.youtube.com/watch?v=t-QfOB-SgTo

You can receive the weekly Monday Money Tip in your email by subscribing HERE.

Monday Money Tip: Two Key Ways To Produce Income

In this Monday Money Tip, I share two key ways to produce income – one of which is less utilized, but has the greatest potential to help you build wealth! This is worth the few minutes necessary to watch it. There may not be any cute kitty cats or puppy dogs, but it sure will help you with your money!

 

Can’t see the YouTube video? Copy and paste the following link in your favorite browser: https://www.youtube.com/watch?v=MAlJnc4hGwI

You can receive the weekly Monday Money Tip in your email by subscribing HERE.

Monday Money Tip: Life Insurance

In today’s tip, I talk about a vital component of most people’s financial plan – Term Life Insurance. This is one of the most misunderstood components of personal finance, but it doesn’t have to be that way! This will be worth the small investment of time required to watch.

Can’t see the YouTube video? Copy and paste the following link in your favorite browser: http://www.youtube.com/watch?v=UoG-I6GkNuY

You can receive the weekly Monday Money Tip in your email by subscribing HERE.

Monday Money Tip: On-Line Banks – Earn More Interest On Savings!

I’ve used my on-line bank accounts since 2007. They have been incredible for me, and I think they can be a very helpful way for you to maximize your savings as well! You can check out the on-line banks I recommend HERE.

Can’t see the YouTube video? Copy and paste the following link in your favorite browser: http://www.youtube.com/watch?v=SjNnvHn0Sp8

You can receive the weekly Monday Money Tip in your email by subscribing HERE.

Joseph Sangl’s Current Investments

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.

JSinv2014

It has been a year since I last updated my investments. 2013 was obviously a great year for equity stock investments. As I mentioned then, I suspected the market would continue to grow. Of course, I was very happy to see this come to pass as I continued to purchase individual stocks. Due to the growth of the market, my stock investments grew from 2.2% to 3.0% of my overall portfolio. We continued to grow our small businesses and real estate holdings. This is part of our continued to effort to diversify BEYOND the stock market. As a result of the continued growth of small business and real estate investments, we have seen them push our market investments into a smaller piece of our portfolio. We are close to a 33%-33%-33% split between small business, real estate, and market investments.

JSinv2014pieMy thoughts:

  • I believe we will see continued growth of the U.S. Economy. This is based in part to my unscientific research of traveling the entire United States with our business activities. There are cranes in the air building skyscrapers in every major metropolitan area and shovels in the ground in the suburbs for new homes. You might notice that I’m investing in major home builders stock as a result of this belief.
  • Keeping cash and cash equivalents as financial margin is still essential to every person. This provides money to take advantage of opportunities.
  • I think it is a great time to continue investing in new businesses and existing ones. Our team will continue to investigate potential business acquisitions.

 

Bible Money Tip: Generosity Is Contagious

I recently heard Ken Friar, Executive VP of INJOY Stewardship Solutions, share the following statement:

People don’t plan to be selfish. They just don’t make a plan to be generous.

But it only takes one or two people who are living generously to move literally hundreds – even thousands – to give.

Consider Exodus 36:3-8:

And the people continued to bring freewill offerings morning after morning. 4. So all the skilled workers who were doing all the work on the sanctuary left what they were doing 5 and said to Moses, “The people are bringing more than enough for doing the work the Lord commanded to be done.” 6 Then Moses gave an order and they sent this word throughout the camp: “No man or woman is to make anything else as an offering for the sanctuary.” And so the people were restrained from bringing more, 8 because what they already had was more than enough to do all the work.

Moses cast the vision God had given to him, and the people responded in an amazing way.

I’ve seen similar examples happen throughout my life. When tornadoes swept through Alabama in 2011, I saw one or two people begin giving to provide immediate assistance, and it compelled me to give. The next thing we knew, more than $100,000 had been raised.

When Hurricane Katrina smashed the Gulf Coast, people around the world rushed to help by giving tremendous amounts of money. The same was true for the earthquake in Haiti and tsunami in Indonesia.

We see it happen when a family’s home burns down and a community unites together to help them.

Generosity is contagious!

As I consider the various “contagious giving moments” I’ve witnessed, here are some common variables:

  1. There was a clear need. We all want to make a difference with money that we give away. We want a “return on investment” on the money. Without clear understanding of the ROI, we are more inclined to hold onto their dollars.
  2. The need was urgent. There are many cases where there is a need, but it isn’t urgent. Urgency is what causes us to move immediately.
  3. There was a trusted entity to send money. There have been so many highly reported instances of financial mismanagement that we have been conditioned (and rightly so) to ask the question, “Is this organization going to handle this money in the exact manner they’ve communicated?”
  4. Someone gave first. When we see our friends, family, or heroes give, it inspires us!

Have you ever been able to be a part of a “Contagious Generosity Moment”? Will you take a moment to share it with us in the comments?

This is part of the “Biblical Financial Lessons” series here on the wildly popular JosephSangl.com. Click HERE to read more posts in the series.

Monday Money Tip: 0% Interest Credit Card Balance Transfers

If you carry a credit card balance, this tip can literally help you save hundreds or thousands of dollars a year!

As always, I maintain a page of current on-line 0% interest credit card balance transfer offers HERE.
 

 

Can’t see the YouTube video? Copy and paste the following link in your favorite browser: http://www.youtube.com/watch?v=4UmdaRGcPR8

You can receive the weekly Monday Money Tip in your email by subscribing HERE.

Monday Money Tip: Be Sure To Include FUN In The Budget

This is one of the greatest things I ever learned about budgeting. And it is THE KEY REASON I’ve been able to live and operate by a budget every single month since July 2003. I’m confident it can help you too!
 

 
You can receive the weekly Monday Money Tip in your email by subscribing HERE.

Monday Money Tip: A Great Money App – Mint.com

In this week’s Monday Money Tip, I share about a money app I personally use and have found very helpful with managing my personal and business finances. Learn more about it in the below video:

You can receive the weekly Monday Money Tip in your email by subscribing HERE.

How Well Is The United States Managing Its Budget?

Question: Do you know how much tax revenue the United States collected last month?

Next Question: Do you know how much the United States spent last month?

These are numbers are available to you simply by visiting Congressional Budget Office website HERE.

Just like the equation: INCOME – OUTGO = EXACTLY ZERO ™ applies to you and me, it also applies to governments and businesses.

In January, the CBO estimates that the U.S. spent $10 billion more than was collected. For the first four months of fiscal year 2014, we have spent $184 billion more than was collected.

Here are some reasons you should care about these numbers – especially if you are a citizen of the U.S.

  1. Increased deficits means more national debt. And the taxpaying citizens will have to pay this interest as well as repay the debt (which is in excess of $17 trillion).
  2. No balanced budget requirement for the U.S. means deficits will continue. Just as having no personal budget will tend to lead to overspending. I, for one, would love to see some requirement that my beloved country would have to save money and follow the I Was Broke. Now I’m Not. Ladder!
  3. You are already feeling the impact of the national debt, and it won’t be getting lighter. There is relentless borrowing from the Social Security trust fund. Don’t just take my word for it – read the report issued by the Social Security Administration HERE.

I’m only voting for representatives who demand a balanced budget. I feel that would be most “representative” of me – and will help the U.S. continue to prosper into the future.

Monday Money Tip: What Else Could You Do With That Money?

In my continuing quest to help you have better Mondays, I am pleased to offer this weekly Monday Money Tip. My goal in offering these tips right at the start of each week is to give you all week to take action so you can enjoy the weekend knowing you took your finances to another level this week!

This week’s tip is focused on an important financial concept known as “Opportunity Cost.” Check it out below:

Key Question: What is the next best alternative use of your money?

Monday Money Tip: One Big Thing You Probably Lack In Your Financial Plan

I love it when my week starts off right! The Monday Money Tip was created as a weekly service to provide people just like you with a practical and simple money tip – right at the start of the week so you can take action with it!

Today’s tip highlights one of the top “gaps” people have in their financial plan – a written will. According to recent studies, 69% of people with minor children and 58% as a collective population do not have a written will!

A great place to start:

You Can’t Set Money Apart From Your Heart

“You can’t set money APART from your HEART.”

It is a biblical principle: Matthew 6:21 For where your treasure is, there your heart will be also.

It is a fundamental rule of money.

Where ever you have spent, given, or invested money, you will be interested in it.

  • If you have placed money into a particular company stock, you will suddenly become very interested in that company. You will check the stock price, follow news about the company, and tell your friends and family to buy their products.
  • When you purchase a home, you will treat it as an owner. When something breaks, you will fix it. You will spend money to decorate it. The lawn will be kept up.
  • If you’ve started up a small business or have seen a friend start one, you are fully aware of how much time and energy they place into getting the business off of the ground.

The opposite is also true! You will spend money on people and things you love. Money will just flow to them.

  • I spend money on my bride and my children because I love them.
  • I spend money on deer hunting because I’m passionate about it.
  • I give money to my church because I love Jesus and my church helps people

In other words, show me your bank statement, and I will be able to tell you what is important to you.

This is part of the “Biblical Financial Lessons” series here at the wildly popular JosephSangl.com. Click HERE to read more.

Monday Money Tip: Find Out How Long It Takes To Become Debt Free!

I love it when my week starts off right! The Monday Money Tip was created as a weekly service to provide people just like you with a practical and simple money tip – right at the start of the week so that you can take action with it!

Tools Referenced:

Monday Money Tip: Monthly Budgeting That Works!

I love it when my week starts off right! The Monday Money Tip was created as a weekly service to provide people just like you with a practical and simple money tip – right at the start of the week so that you can take action with it!

Register HERE (it’s free) to receive this weekly tip in your email box bright and early on Monday morning!

TOOLS Referenced:

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