EPIDEMIC ALERT! HUGE Financial Ignorance

The office of www.JosephSangl.com is declaring an official financial ignorance epidemic!

The epidemic is one of HUGE proportions.  To combat this epidemic, one needs to understand the symptoms.

Primary Symptoms – Financial Ignorance Epidemic

  • Fancy car, fancy house, fancy clothes BUT no cash in the bank, not giving money away, and not saving money
  • Not investing in the company's 401(k) – not even the minimum amount to obtain the FREE match money
  • Spending money without first developing a plan for how it should be spent
  • If married – not working together on the finances
  • If single – not having someone to hold them accountable
  • Uses phrases like "we invested in new furniture" and "we saved $2,000 by spending $35,000 on this new car" (and "I know that God will take care of us" (after purchasing yet another car using money that they do not have!)
  • Their children have no concept of money management
  • Highly susceptible to "get-rich-quick" schemes/scams
  • Believe that it is too late to win with money
  • Too prideful to ask for help with their finances

Here are just a few of the things that the office of www.JosephSangl.com is doing to combat this horrible illness.

  • Articles posted every single weekday that help educate persons with practical tools that will set up a person to win financially.  (Maybe you would like to SUBSCRIBE?)
  • Teaching the Financial Learning Experience at NewSpring Church and also taking it on the road.  (Maybe you would like to have Joe teach the Financial Learning Experience at your church or business?  Contact Joe HERE)
  • Offering FREE TOOLS that Joe actually used to become debt-free and still uses to maximize the use of every single dollar!  (Maybe you would like to visit the FREE TOOLS page?)

Perhaps you know someone who has this terrible illness.  Perhaps YOU are that someone!  Either way, what are you doing to help eradicate this epidemic?

Looking for additional Personal Finance Resources?  You can obtain free tools by clicking HERE and purchase books/materials by clicking HERE. 


  1. Moneymonk on August 13, 2007 at 8:58 am

    and “I know that God will take care of us”

    if I had a nickel for every time I heard that statement. I will be rich.

    A friend of mine son was accepted to private school at the expense of $7,000 a year. They are deep in debt. She feels that God will see them through. Because she feels it was a blessing from God that he got accepted.

    I think people feel that they can do want they want and God will clean up their mess.

  2. Tina Harkey on August 14, 2007 at 3:25 am


    Don’t know how you feel about this, but we had some friends that are in their 20’s, don’t own a house, drive almost brand new cars, have a baby on the way and don’t have renters insurance. Their car was stolen last week. So most people think their car insurance will cover everything. Well it will cover the car (if it’s recovered their will repair it, not replace it) and any factor installed equipment. His wedding ring, tools, CD’s, MP3 player, sports equipment, etc. was a total loss because that would have been covered by renters insurance. We can certainly overinsure; however, do you not recommend renters to have a basic renters policy?

    What if instead of this “small” (to someone that has a savings account with money in it to replace work tools) loss it had instead been a fire and they lost all of their furniture, etc. and had to start over without insurance. The American Red Cross only gives you so much when that happens. You would be starting again from scratch – and with debt.


  3. jsangl on August 14, 2007 at 5:24 am

    Sangl says …

    Tina – you are absolutely correct! If you own a house – you need homeowner’s insurance. If you are renting – you need renter’s insurance.

    I mean, what does renter’s insurance cost? $150/year MAX?

  4. jsangl on August 14, 2007 at 5:25 am

    Sangl says …

    And I am sure that the degree this person will get will be in “bat poop removal techniques” … Such a USEFUL degree to use to pay off $30,000 in student loan debt!

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