Happy Thanksgiving!

It is Thanksgiving in the United States, and I’m truly filled with thanksgiving! I’ve been blessed beyond measure.

Here are some key things I’m thankful for:

  • My bride  We celebrated 16 years of marriage this year!
  • My first daughter  She turned 14 this year. She’s a beautiful amazing person, artist, and athlete.
  • My son  He turned 3 this year. He is FIRED UP from about 5:00 AM each morning until about 10:00 PM every night!
  • My second daughter  She made her appearance just nine weeks ago. Amazing how beautiful she is!
  • The I Was Broke. Now I’m Not. Team  We’re growing in our reach and influence. It’s because of the incredible team that has signed on to help us take our message to the nations!
  • The INJOY Stewardship Solutions Team  This team is growing in its reach and influence too! It is amazing to be able to serve great leaders around the world through this 21 year old organization that was founded by Dr. John C. Maxwell. I can’t believe I get to lead this organization!
  • My family  All of my brothers, my parents, my bride’s parents and her brothers and sisters. All of the awesome nephews and nieces that are showing up make it even better!
  • My church  NewSpring Church has impacted my life in more ways than I can list. Indescribable to see what God is doing through this church!
  • Jesus  The ultimate example of generosity and giver of grace.
  • You  It’s an honor to serve you on your money journey. Every day we wake up and strive to live out our 15-word passion statement to help people accomplish far more than they ever thought possible with their personal finances!

What are YOU grateful for?

What To Do When You Are Behind On Bills

I’m behind on my bills. I feel stuck. What do I do to get caught up?

This is perhaps the most common question I experience during our live teaching events.

While the best answer for each family may vary, here are some of the most common ways to get UNSTUCK and gain financial margin:

  1. Sell something  What do you have that is worth $1,500 that would allow you to get caught up immediately? Put it on Craig’s List and generate cash to change your financial life!
  2. Work an extra job  Not fun, but this is not a “forever” option. Set a goal to produce an extra $2,000 within the next couple of months with a holiday type of job.
  3. Establish a budget  Without a plan, there will be no profit (Proverbs 21:5). Prepare a written budget for the month of December and make every dollar SCREAM!
  4. Go on a financial fast  Eliminate a monthly expense like Internet, cable, or Netflix. Perhaps you could eliminate dining out for one month.
  5. Eliminate a debt  If you have two cars, sell one! Eliminate the debt payment AND reduce your debt big-time. This might present some logistical challenges, but it sure helps speed up financial freedom!

Have you ever taken one of these steps? Please share your experience with us in the comments!

Monday Money Tip

I am FIRED UP to finally be able to make our next HUGE ANNOUNCEMENT! As of today, November 25th, we have launched a brand new resource called Monday Money Tip.

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We know Monday’s are usually not everyone’s favorite day of the week, and this is our way of helping make it better!

Here’s what you can expect when you register to receive the Monday Money Tip:

  • A practical and simple money tip in a brief 3 to 5 minute video
  • Delivered every single week on Monday to your email inbox
  • A variety of topics including:
    • Savings Tips
    • Debt Reduction & Elimination Strategies
    • Investing Ideas
    • Budgeting Tips
    • Encouragement (everyone needs this!)
    • Tips to help you Persevere
    • Tips to speed up your climb up the IWBNIN Ladder!
  • COST: It is totally FREE!

Click HERE to register! You will immediately receive the first Monday Money Tip in your email inbox and every Monday thereafter.

Here’s to better and more prosperous Mondays!

Change Your Financial Life With Two Words

“I do.”

When Pastor David Terhune challenged me on June 7, 1997 with a marriage vow to my bride, I responded with, “I do.”

It wasn’t “Maybe” or “Unless.” It was simply, “I do.”

This commitment changed my life forever. It has led to more than 16 years of marriage, three wonderful children, and a life partnership I only dreamed of having.

What would it look like if we made a similar commitment to manage our finances in an honorable and upright manner?

Something like:

Do you promise to give and to save and to invest? Will you commit to provide for your family to the absolute best of your ability? To forsake destructive debt and get-rich-quick schemes? To commit to teach your children the joys of frugality, strong money skills, and the power of compound interest? To work together on all major money decisions? To promise to be honest in all of your financial dealings? As long as you both shall live?

“I do.”

It could change your financial life forever.

The Importance of Consistency

To accomplish anything great, it will usually require consistent effort over long periods of time.

Here are some examples:

  • Run a 26.2 mile marathon  I’ve run two of these events – the San Diego Rock ‘N Roll Marathon and the Houston Marathon. Each one required several months of intense training (I really like the free training plans offered by Hal Higdon)
  • Pay off a house  I was able to accomplish this by age 38. It took years of consistent and intentional focus to accomplish this major financial goal.
  • Education  It takes 13 years of consistent performance to obtain a high school diploma. Four years of effort to earn a bachelor’s degree. More for a professional graduate degree.
  • Raise a great child  I’ve not successfully done this – yet! With a 13 year old, a 3 year old, and a baby in the house, we are well aware of the need for consistency and its important role in raising a great child!
  • Losing weight  Anyone who has faced the challenge of losing weight and succeeded clearly understands the power of consistency in maintaining a good diet and regular exercise.
  • Building a business  Rarely is a business built overnight. I once heard one of my financial heroes, Dave Ramsey, say, “It took us 17 years of hard work to become an overnight success.”

Consistency allows you to accomplish “elephant-sized” dreams and objectives “one bite at a time.”

To achieve long term financial success, here are some key financial practices one must strive to consistently employ:

  1. Give  Make it your habit to live a generous life. Consistent giving ensures I am constantly aware of the great needs of others.
  2. Save  You can not prosper financially if you do not save.
  3. Invest  Investing a little bit of money all of the time usually trumps investing lots of money every now and then.
  4. Budget  Giving every dollar a name every single month will ensure that all of your finances are used to their maximum potential.
  5. Continually learn about money  Your financial education is built over time – just like your regular education. Commit to consistently learn about money.
  6. Insure  If you do not have all of your assets consistently insured, you will be at risk of losing everything you have built up.

Are you living a consistent financial life?

You Are Invited To A LIVE On-Line Event: “How To Stick To Your Christmas Budget”

“How To Stick To Your Christmas Budget”

A LIVE On-Line Event

Have you ever been guilty of overspending during the Christmas season? I’m not talking about going a little bit over budget. I mean really blowing it. I know I have! It was so much fun to give the presents to everyone, but then VISA would send me a nice little present in January wanting all of their money back (or make an offer where I could pay minimum payments for 51 years at 19.99% interest).

Can I get a witness?!?!

At the end of each year, it seems like two or three other large expenses show up that need to be paid as well. If one is not careful, the entire first quarter of the new year can be spent focused on cleaning up the financial mess!

I’ll never forget the first Christmas I paid 100-percent cash for everything. It was December 2003, and it was amazing. I’m blessed to be able to say that I’ve never financed another present since.

I want the same for you! That’s why I’ve decided to offer a special “one time only” LIVE ON-LINE event on Thursday, November 21st titled “How To Stick To Your Christmas Budget.”

Here are some key items I will be sharing:

  • A fail-proof way to ensure you stick to your Christmas Budget!
  • A free financial tool that can help you
  • Christmas season savings tips
  • Another ANNOUNCEMENT about IWBNIN! (I can’t wait to share this one with you!!!)

Start your season of giving off right and join us for this special event. Here are the details:

  • DATE  Thursday, November 21, 2013
  • TIME  7:00 PM Eastern Time (6:00 PM Central; 5:00 PM Mountain; 4:00 PM Pacific)
  • DURATION  60 minutes total (40 minutes teaching – 20 minutes Q&A)
  • LOCATION  LIVE On-Line
  • COST  FREE
  • REGISTER  Fill out the form below or copy & paste this link in your favorite browser to sign up: https://iwbnin.infusionsoft.com/app/form/quothow-to-stick-to-your-christmas-budgetquot-sign-up


If you (or someone you know) always seem to struggle with sticking to the budget during the Christmas season, this could be a life-altering event! We hope we will see YOU live on-line on Thursday, November 21st!

There Is No HARVEST If You Do Not INVEST

A farmer will not be able to experience a harvest if he does not first invest seed.

A business owner will not experience a profit if she does not first invest money to start the business.

An employee will struggle to experience an abundance if he does not invest money.

A parent will have a poor relationship with their child if she does not invest in that child.

A spouse will have a poor marriage if he does not invest in that marriage.

A student will not receive a college education without an investment.

Do you see it? There is no such thing as a harvest without someone choosing to invest first.

Waiting for a magical unicorn to deliver your wealth is one approach.

Perhaps a better approach is to invest. Early. Consistently. Smartly.

You CAN do this!

You Can Not Prosper If You Do Not Save

Quick: Think of someone you know that is wealthy who has no money.

I suspect you will be thinking a very long time because it is not possible!

And how did they get all of that money? Was it:

A) It appeared on the back of a magical unicorn.
B) It grew on a money tree.
C) They stole it from a bank.
D) They chose to save money little by little until it became a lot.

Here’s the secret of most wealthy people – they choose to manage their money differently than broke people.

They recognize that you can not prosper if you do not save.

Savings allows you to have margin.

Savings allows you to invest.

Savings allows you to focus on long-term initiatives.

Are you prospering? Maybe the better question is: Are you saving?

15 Words Drive Us

“To help people accomplish far more than they ever thought possible with their personal finances.”

These 15 words guide everything we do at I Was Broke. Now I’m Not. Because we are so energized by this calling, we believe it is more than a mission statement – it is our passion statement.

To give you a glimpse under the hood of the IWBNIN organization, I thought I would share exactly what we intend to to communicate with this passion statement.

“To help people”

We want to help people. Period. We don’t want to ever be involved in tasks that don’t directly or indirectly help people.

“accomplish”

It is our passion to help people get things done and to accomplish the plans, hopes, and dreams they have for their lives.

“far more than they ever thought possible”

We believe that a great financial education can help people fund huge and seemingly impossible dreams. Without vision, the people perish. Without money, the vision will perish. We strive to equip people to live fully funded lives.

“with their personal finances.”

We are focused on equipping people with their financial educations. It is our calling and passion.

What are the words that adequately describe YOUR “passion statement”? And how many words does it take?

Please share with us!

How To Prepare A Budget That Works

One of the greatest challenges people face with their personal finances is preparing a budget that works.

They either put together a budget that does not work, or they can’t even find time to even prepare one.

Sound familiar? If so, read on to discover some tips to help ensure you are able to prepare a budget that actually works.

  1. Decide to decide  Until you decide that budgeting is crucial to taking your finances to the next level, you will always find a way to avoid this “unsavory” task.
  2. Establish a set time every month  When you put “budgeting” on your to-do list AND on your calendar, you create a “trip point” that ensures you don’t forget this important task.
  3. Be realistic  Don’t be ridiculous with your spending plan. If you say that you are not going to spend money on restaurants this month and only $7.25 on groceries, you are LYING TO YOURSELF. Establish a reasonable budget that includes giving, saving, investing, paying the bills, and some fun.
  4. Prepare the budget BEFORE the month ever begins  If you start spending your paycheck before you plan the budget, you will inevitably practice the ancient art of “making your money disappear.” Choose to prepare a budget about 3 to 7 days before your financial month begins.
  5. Work together  If you are married, work together on the spending plan. Chances are pretty high that one of you is a saver while the other is a spender. Use the word “balance” a lot as you approach your budget.
  6. Keep the end in mind  Remind yourself about the “why.” Why are you preparing a budget? What plans, hopes, and dreams will be more likely to happen as you become a better money manager?
  7. Plan ahead  There are several non-monthly expenses that you know are approaching you. Known Upcoming Non-Monthly Expenses (KUEs) like vacation, property taxes, car repairs, Christmas, special days (like anniversaries, weddings, baby showers, and birthdays) are approaching. Save for them monthly so that they do not derail your budget.

Employ these 7 tips, and your budget will begin to be the financial tool you need it to be: one that helps you fund your plans, hopes, and dreams.

NOTE: The I Was Broke. Now I’m Not. Core Coaching Program (IWBNIN CCP) is a 12-month intensive personal finance equipping course. The last round of the IWBNIN CCP sold out in just 15 minutes! To be among the first to be notified when this program is relaunched, visit HERE to be placed on the list.

Favorite Money Quotes

Here are a few of my favorite quotes about money:

  • “Live like no one else so later you can live like no one else.” – Dave Ramsey
  • “If you aim at nothing, you will hit it every single time.” – Zig Ziglar
  • “You can either play now and pay later, or you can pay now and play later. The choice is yours.” – John C. Maxwell
  • “The question is not, ‘Can I afford this?’ The better question is, ‘How can I afford this?'” – Robert Kiyosaki
  • “Early to bed, early to rise, keeps you healthy, wealthy and wise.” – Benjamin Franklin
  • “Annual income twenty pounds, annual expenditure nineteen six, result happiness. Annual income twenty pounds, annual expenditure twenty pound ought and six, result misery.” – Charles Dickens
  • “What good will it be for someone to gain the whole world, yet forfeit their soul?” – Matthew 16:26 (The Holy Bible – NIV)
  • “Act your wage.” – Dave Ramsey
  • “The principles of money are basic: Live on less than you make and save money for a rainy day.” – Anonymous
  • “People buy things they cannot afford to impress people they don’t even like.” – Attributed to various people
  • “Your pay raise becomes effective when you are.” – Anonymous

For more great money quotes, visit this great page.

Do YOU have any favorite money quotes? Please share them in the comments!

How To Make Your Budget Balance To Exactly Zero

The majority of people struggle to prepare and live by a budget. They KNOW a budget can be very helpful, yet they choose to operate their finances without one. For those who attempt to prepare a budget, it can be difficult making INCOME minus OUTGO equal EXACTLY ZERO (TM). In reality, there are only a few solutions available when attempting to achieve “Exactly Zero.”

How to make INCOME – OUTGO = EXACTLY ZERO:

  1. Increase INCOME
  2. Decrease OUTGO
  3. Combination of #1 and #2
  4. Sell something

Of course, HOW to get each of these implemented is the challenge each of us faces.

QUESTION: How have YOU been able to apply each of these within your own budget?

NOTE: The first wave of participants in our new I Was Broke. Now I’m Not. Core Coaching Program has launched! We’re planning another massive launch in January 2014. Space is limited so if you want to be part of this life-changing program, take one minute and put your name on the “first to contact” insider list today. Click HERE (or copy & paste the following link in your favorite browser: http://iwasbrokenowimnot.com/ladders/ )

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Introducing Baby Sangl!

On Wednesday, September 25th, at 3:55 PM, Megan Jennifer Sangl arrived weighing 7 lb 9 oz and measuring 20 inches long! Mother and daughter are doing perfect!

IMG_0541So PUMPED!

Are Your “Games” Destroying Your Finances?

I meet so many people who are struggling greatly with their finances. It is a great challenge for them to pay their bills on time and meet the financial needs of their household.

But they are incredible at Farmville, Candy Crush, Spider Solitaire, etc.

They will even post pictures on Twitter/Facebook/Vine/Instagram of a “new level” they have achieved. I’ve even seen people request prayer that they can reach a new level.

Here’s the question that must be asked: “What would happen in their life if they utilized all of this game time to instead obtain a financial education?

When faced with enormously stressful challenges (like financial issues), it is easy to run to mindless games. I am particularly fond of Spider Solitaire on my MacBook Pro and the Boggle App on my iPhone, but I REFUSE to allow them to take priority over my financial education.

FREE eBook: “God Centered Finances” – by Mark Asbell

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In October of 2006, Mark and Shawna Asbell experienced what I call their “I Have Had Enough” (IHHE) moment. They received an official delivery of home foreclosure paperwork while their church small group was sitting in their living room. Facing over $85,000 in non-house debt and the threat of losing their home, they attended the very first Financial Learning Experience I ever taught (at NewSpring Church on December 2, 2006).

The Asbell’s were among the first to receive one on one financial coaching from me. Using their newly discovered knowledge, they went on to save their home from foreclosure and even became debt free except for their house. During this time they became financial coaches – helping others experience the financial freedom they were now enjoying. Mark has been an integral part of IWBNIN as we launched into becoming a stand-alone business. In fact, Mark has traveled all over the nation with me helping people accomplish far more than they ever thought possible with their personal finances.

So this helps explain why I am SO EXCITED about the launch of Mark’s first eBook – God Centered Finances. In this book, Mark shares how his family experienced their financial awakening and reveals the balanced perspective they have learned about Biblical giving, saving, and spending.

Here’s the amazing news:

Right now, for a limited time, you can get a FREE eCOPY on your Kindle app or device.

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