I’m excited to announce that our APP has been updated to include the most requested feature – The ability to sync your budgets across multiple phones/devices!
Our APP is available FREE for all Apple mobile products including iPhone, iPod Touch, and iPad as well as all Android mobile products!
Download the APP now:
Do you know how much money you will need to retire well (independent of Social Security)?
There are many ways to calculate an estimate, but I really like the Retirement Nest-Egg Required calculator that we have placed in the FREE TOOLS section.
To calculate your number, you will need to know two numbers:
Suppose one wants $50,000/year (today's dollars) during retirement and plans to retire in thirty years. Punch the numbers into the Retirement Nest-Egg Required calculator and this is what you will see:
Because inflation erodes the spending power of money, the annual amount we want must be adjusted. Using an assumed inflation rate of 4%, one will need $162,170/year in thirty years to have the same spending power of $50,000 today.
At different rates of return, you can see different amounts that need to be saved. Eight percent is a common rate of return on investment that financial planners use.
What is your number? Are you going to achieve it?
I am pleased to announce that we have added a new Pay-Off and Savings Spectacular for a Harley Davidson motorcycle on the "Tools" page and on the "Next Steps" site.
Thanks to Jessica M. in Orlando, FL for the idea!
Click HERE for the Pay-Off Spectacular.
Click HERE for the Savings Spectacular.
We love hearing ideas from the tribe of folks who are yelling, "I was broke. Now I'm NOT!" If you have a suggestion for a pay-off or savings spectacular – send it in HERE.
I was asked by a reader of this wildly popular blog (his name is Jeff from Cheyenne, WY) to prepare a Savings Spectacular for Disney.
So my team got on it – and it is HERE!
There is NOTHING like going to Disney and paying cash for the entire trip!
Saving up for something? See if we have a Savings Spectacular for it HERE. If we don't have it, send us an e-mail and ask for it!
I saw that title on an article link at CNNMoney's personal finance website, so I clicked on it.
The link leads to a great tool that helps you evaluate your current financial condition – then it gives you a report card grade.
Check it out HERE.
The IWBNIN team has upgraded the "Actual Cost of Debt" tool.
The upgrade was made to include the "Debt Freedom Date" in its calculation as well.
Do you know how much your debt is costing you? Use this tool to find out, and then work to reduce the interest rates by restructuring your debt!
I was recently asked for a list of common Known, Upcoming Non-Monthly Expenses, and I thought I would share the list with you.
I save all of this money in an On-Line Savings account that pays great interest, has no minimum balance, and is FDIC-insured. I have money in three different on-line banks. You can check them out HERE. You can even set up these accounts to automatically draft you checking account on a monthly, weekly, bi-weekly, or bi-monthly basis! NICE!
What other Known, Upcoming Non-Monthly Expenses would you add?
Related Tool
I am PUMPED to be carrying the crusade to Greensboro, NC this coming Saturday, November 1st!
I will be teaching the Financial Learning Experience at Saint Pius X in Greensboro.
You can register for the FLE by calling the Saint Pius X church office at [336] 272-4681.
If you are in the Greensboro area, I would love to see you there!
See other Upcoming Events where Joe will be speaking HERE.
If you are a leader or are developing yourself to be a leader, I highly recommend you jump over to Amazon.com and pre-order Tony Morgan's new book – Killing Cockroaches. Tony serves as the Chief Strategic Officer on the Strategic Management Team here at NewSpring Church, and he is freakishly smart when it comes to leadership and strategy. As a plus, he is a funny. I would also subscribe to his website. His blog is on my short list of every day must-reads.
Oh, and this other no-name guy named Andy Stanley wrote the foreword for Tony's book.
Watch a GREAT introduction to Tony's book by clicking on the YouTube video below
While you are at it, you might want to pick up Tony's other three books on strategy that he co-authored with Tim Stevens.
Find other great resources at the I Was Broke. Now I'm Not. Amazon.com Resource Center.
I am on a crusade to help others accomplish far more than they ever thought possible with their personal finances. I am on a mission to teach 100,000 people by October 2011 (first five years of doing this full-time). This home group study helps allow me achieve the mission.
I am a huge believer in learning within the bounds of a home group. It is where I can engage in vigorous debate, be challenged in my own personal thoughts, and be held accountable to personal goals.
I can't wait to hear the stories of life-change that take place all because small groups of people decided together to take their finances to the next level.
Observed on a sign …
"God please help me through this totally self-imposed deadline."
I have many times implemented a self-imposed deadline and allowed it to create stress in my life.
Deadlines are good. But when the deadline prevents me from ensuring that I do what is URGENT AND IMPORTANT first, then it is terrible.
Are you working on things that are URGENT AND IMPORTANT today or are you allowing all of the self-imposed deadlines to rule your schedule?
Perhaps the Time Budget - By the Half-Hour or Time Budget - By The Hour from the TOOLS page will help you take control of your schedule again!
Receive each post automatically in your E-MAIL by clicking HERE.
After numerous requests, JosephSangl.com now has Savings Spectaculars for Emergency Funds!
If you are saving for a $1,000 Emergency Fund or a $2,500 Emergency Fund, we have the forms for you!
Savings Spectacular - Emergency Fund One Thousand Dollars Savings Spectacular - Emergency Fund Two Thousand Five Hundred DollarsColor in the squares as you purchase financial freedom for your family!
If you have a request for a Savings or Debt Pay-Off Spectacular and it is not listed on the TOOLS page, share in the comments by clicking HERE! We will get one prepared for you.
I love seeing how others are using the Pay-Off and Savings Spectaculars to track their own financial progress!
Derek has a cool twist on how he is using his Home Pay-Off Spectacular.
He has some savings that he is willing to commit toward the mortgage balance (PINK). When the amount owed on the house equals that savings amount, he is going to send the savings to the mortgage to kill it off.
Way to go, Derek! Click HERE to read about Derek's Home Pay-Off Spectacular.
Like what you are reading? Receive each post automatically in your E-MAIL by clicking HERE.
