Got Oxen? – Part 02

This is a series of posts containing excerpts from my latest book, Oxen, which releases on Tuesday, October 30, 2012! Pre-order your copy today and receive 20% off!

As I describe in my book I Was Broke. Now I’m Not., I was the youngest of six boys, but I was the first to graduate from college with a bachelor’s degree in mechanical engineering from Purdue University. Because of an amazing employer that had a college tuition reimbursement program, I was able to further my formal education and obtained a master’s degree in business administration from Clemson University. My career had moved rapidly upward and so had my salary, but even with all of these tremendous blessings, I was broke. Every single dollar I earned was deposited into our bank account, but all of it was delivered to one of our many debts or to pay bills by the end of that very same day.

My manger was empty.

I don’t know if you have ever watched cattle eat from their mangers, but they will stand eating at a manger until all of the food is gone, and then they will lick the manger clean just to ensure all remaining scraps are consumed. This described my financial situation. I could scrape together enough money to pay the bills, but beyond that there was absolutely nothing left over. Every single spare dime we gained inevitably departed our presence – never to be seen again. Our version of “licking the manger” was running out of money and then physically turning our piggy bank over to find enough coins to buy food off the dollar menu.

The same scenario played out every single month. We made money, and then we consumed every last dollar. Just like the oxen, we would be faced with an empty manger and were forced to stand around waiting for the next paycheck to refill it. It seemed like there was never enough for the moment, let alone storing up for the future.

On the day I encountered Proverbs 14:4, I realized that the writer shares two potential outcomes: an “empty manger” and an “abundant harvest”.

Two Potential Outcomes – Proverbs 14:4

  1. An empty manger
  2. An abundant harvest

QUESTION: If you were given the choice of an “empty manger” or an “abundant harvest,” which outcome would you choose?

Read the entire series (available after October 30, 2012)

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Got Oxen? – Part 01

This is the first in a series of posts containing excerpts from my latest book, Oxen, which releases on Tuesday, October 30, 2012! Pre-order your copy today and receive 20% off!

Where there are no oxen, the manger is empty, but from the strength of an ox comes an abundant harvest. Proverbs 14:4 (NIV:1984)

I will never forget the day I first read Proverbs 14:4 in my Bible. My family had embarked on a journey to become financially free, and I was reading the entire book of Proverbs to find verses providing wisdom about money and money management. Many verses in Proverbs were already well-known to me and had made a profound impact upon my life. Proverbs 22:7 (The rich rule over the poor, and the borrower is servant to the lender) motivated me to pursue debt freedom. Proverbs 13:22 (A good man leaves an inheritance for his children’s children …) challenged me to think generationally, ensuring I leave a financial legacy, so I could position my descendants to prosper.

Proverbs 14:4 never registered on my radar until that day. Its wisdom gripped me and stopped me in my tracks. Where there are no oxen, the manger is empty, but from the strength of an ox comes an abundant harvest. I read several Bible translations for this verse to ensure I fully understood its message.

  • Where there are no oxen, the manger is empty, but from the strength of an ox comes an abundant harvest. (NIV:1984)
  • Where there are no oxen, the manger is empty, but from the strength of an ox come abundant harvests. (NIV:2010)
  • Where no oxen are, the crib is clean: but much increase is by the strength of the ox. (KJV)
  • Where no oxen are, the manger is clean, but much revenue comes by the strength of the ox. (NKJV)
  • Where there are no oxen, the manger is clean, but abundant crops come by the strength of the ox. (ESV)
  • Where no oxen are, the manger is clean, but much revenue comes by the strength of the ox. (NASB)

I grew up on a small farm. We raised or grew just about anything and everything. We had pigs, cows, ducks, and chickens. Our crops included corn, soybeans, wheat, and hay. I loved growing up on a farm. It is where I learned the value of hard work, about sowing and reaping, the cycle of life, and how everything in God’s creation is interconnected and dependent upon each other.

Maybe Proverbs 14:4 connected with me so strongly because it was talking about a life I knew that included farm animals, farm equipment, and a harvest, but I think the real reason it connected with me is because it described my financial situation – my manger was empty.

QUESTION: Do YOU have an empty manger financially?

Read the entire series (available after October 30, 2012)

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The ONE BIG QUESTION You’ve Always Wanted To Ask About Money

Every person I have ever met always has a “next level” question that they have wanted to ask, but for some reason feel fearful or intimidated to ask it. Perhaps it is because they are really struggling with money. Maybe they feel inferior. Others might be scared of the real answer. No matter the reason for never asking the question, I want to help you!

So today is the day you get to ask your question(s)! Share in the form below or click HERE.

Over the next several days and weeks, we will be selecting great questions and providing detailed answers.


5 Ways To Ensure Your Budget Won’t Work

My budget is the reason my family stopped being broke and began winning with money. As a spender, one might think I would be opposed to the restrictions of a budget, but the opposite is true: my budget gave me freedom! Yet many people operate their finances without a planned budget. They are hoping to prosper, but that is a tall order without a written plan.

Since many people resist the idea of a budget, I will share five proven ways to ensure a budget won’t work.

5 Ways To Ensure Your Budget Won’t Work

  1. Don’t prepare a budget  This is the top proven way to ensure your budget won’t work! Just “hope” that it somehow works out.
  2. Be unrealistic  Decide to spend only $4 on groceries this month and ignore the fact that your children are growing like weeds by putting $0 in the clothing category.
  3. Don’t include Known, Upcoming Non-Monthly Expenses  Ensure that landmines are established for your budget by failing to save for known, upcoming non-monthly expenses like Christmas, vacation, property taxes, insurance premiums and deductibles, and home and auto repairs.
  4. Don’t allow your spouse to help  Believe (the lie) that your spouse is the reason you aren’t winning with money and prepare the budget on your own and demand they follow it without any question. You will ensure your budget doesn’t work.
  5. Be impulsive  Give in to salesperson’s great sales pitch and buy the shiny item. It is so pretty, and they told you that it is necessary to own the item to be happy. What they didn’t tell you is it would ensure your budget won’t work and keep you broke.

If you really DO want your budget to work, I recommend you start HERE.

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An Open Letter to Business Leaders and Pastors

Dear Business Leader/Pastor,

As a leader, you encounter people who are in financial trouble. Statistics show that over 70% of Americans live paycheck-to-paycheck. OVER SEVENTY PERCENT!

What does this mean for you, and why should this matter?

For business leaders, it has been shown that people who are struggling financially have lower productivity, are prone to attendance issues, and are unsatisfied with their pay – believing their pay is the reason for their financial hardship.

For pastors, people who struggle financially also struggle spiritually. People are unable to give as they would like because of their financial situation.

I have a question for you:  What are you doing to financially equip your people?

Business Leaders: Do you just push their issues under the carpet and chuckle about the “OT” hogs? Perhaps you abdicate responsibility by saying, “We are a business, not an educational institution.” or “We can’t tell our people what to do with their money.”

Pastors: Do you teach about giving the full tithe, pushing non-givers into complete shame and guilt, without offering a way to make it happen? Do you share that “God says to ‘test me in this’”? or “Just give and God will make up the difference?”

WE MUST EQUIP PEOPLE! If we do not, who will? Marketers and salespersons providing a commercial to “buy our stuff and you will be happy” every six minutes!

I am on a CRUSADE to help people with their finances! I cannot simply stand by and watch others struggle with their finances the way I did! I cannot simply stand by and see others struggle KNOWING there is A BETTER WAY! I travel the planet to proclaim this, and I want to help you! Here are ways our team can help you:

Financial Learning Experience A 2 hour event, designed to fit your staff, congregation, and employee needs. It is a practical experience focused on the “how-to” of money management. It has been our honor to teach this to nearly 250,000 people over the past five years! Click HERE to start the conversation about a partnership.

Group Studies: I Was Broke. Now I’m Not. (for adults) and What Everyone Should Know About Money Before They Enter The Real World. (for high school/college students thru 20-somethings) Equip people to win with their money – regardless of their age! You can view the first video lesson and study questions for FREE by clicking HERE.

FREE TOOLS:  We have nearly 100 free tools via “Free Tools” and also offer a free App for Apple and Android products!

Keynote Speaking: It is quite an honor to be able to speak over 120 times per year! Click HERE to fill out a speaking request for your special event.

Contact us!

Budgeting And Saving Tips

Looking for ways to save money? Here are a few that can help!

  • has a lot of great coupons that you can print out
  • has a lot of great information on deals that are being found at various stores
  • Buy off-brand items.  Yes, some will taste like sawdust, but others are identical to the name brand.  If you have an ALDI grocery store in your area, it is worth the drive to purchase groceries there.  We save at least $50 a month by buying our essentials there – milk, bread, canned foods, eggs, etc. As a side note, their eggs can be somewhat non-uniform – I get double-yolk eggs, oblong eggs, and wobbly eggs. It is really interesting.
  • Skip the grocery store for one week. Put together meals from stuff that is in the cupboards and freezer! You will enjoy some concoctions you have not had in awhile (or never), AND you will be able to save a week’s worth of grocery money to put toward your emergency fund!
  • Have the kids mow the lawn and maintain landscaping instead of paying someone else to do it. Pay your kids and teach them how to save, give, and spend their money!  Can you spell, “LEARNING OPPORTUNITY?”
  • Cut your kid’s hair. This will save many families $20 – $40 per month!
  • Visit consignment stores, Goodwill, or Salvation Army Thrift Stores. You can find some great deals on clothing!
  • Shop your insurance for quotes. Get at least three quotes and obtain one of them from an independent insurance agent. You may be able to save $100 – $500/year on your insurance!
  • Take a low-budget vacation instead of a $3,000 one. Using creative options, you will discover just as much fun, and you may be able to save $2,000 – $2,500 which can then be used for debt reduction, emergency fund, or retirement fund!
  • Wait one day before making a major purchase decision. This will really help you to avoid “impulse” purchases like a new car, a pricey vacation, a new plasma TV, etc.
  • Eliminate the home telephone. So many people have cell phones that the home phone has become virtually obsolete. For basic home telephone service you will pay $25/month, and it will not come with basic features of a cell phone such as free long distance, caller-id, call waiting, voice mail, camera, text messaging, games, etc. If you need a basic phone for emergencies, I like the MagicJack.
  • Get rid of the movie channels on cable.

I would love to hear more ideas on how you can save money!

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Sangl Home Pay-Off Spectacular – October 2012

Every month there will be an update of Joe & Jenn’s Home Pay-Off Spectacular!

Here’s this month’s update!

Total Squares:  2,426

Paid-For Squares:  1231  1252

Squares Remaining:  1195  1174

% of House Owned By The Sangl’s:  50.8%  51.6%

% of House Owned By Wells Fargo:  49.2%  48.4%

Here is the updated Sangl Home Pay-Off Spectacular (click to view large size)

Another 21 squares this last month! We are positioning ourselves to accomplish what once seemed impossible – paying off our house before the age of 40. Things could get really interesting around the Home Pay-Off Spectacular over the next few updates …

YOU can do it too! I challenge you to start your own home pay-off spectacular using our free tool here => Pay Off Spectacular – House.

Read previous Sangl Home Pay-Off Spectacular Updates

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Are You Holding On To Financial Destruction?

As I was driving along a road one day, I saw a squirrel standing in the center of the road. He seemed to notice my oncoming vehicle, but was weighed down by a walnutt he was carrying.

As my truck bore down on him, he seemed to be working with all of his might to get off of the road to safety, but the nut was seriously slowing him down. In spite of the danger, he kept his firm grip on the nut.

I applied my brakes and had to swerve to avoid him. I’m happy to report that the squirrel got off of the road safely – with his nut.

I see people like this all of the time. They are holding on to something that is slowing them way down financially, but they just won’t let go of it. Unfortunately, many creditors and financiers do not swerve or apply their brakes to protect them.

The end result? They lose their financial freedom trying to hold on to the very thing weighing them down. Some common items that weigh people down are:

  • A car with a huge car payment
  • A huge house with a monster monthly payment
  • A boat payment for a boat that is used five times a year
  • A massive motorcycle payment

None of these are wrong. However, if it is weighing you down and putting you in danger of huge financial harm, it is time to let it go! Sell it, and liberate yourself.

Are you holding on to something that is weighing you down? Maybe it’s time to let it go – the truck is barreling down the road toward you!

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First-Time Budgeting

I remember our first-ever budget. It was in July 2003. My fine bride, Jenn, came into the living room with a budget scribbled on a piece of lined paper. She had been trying to get me to budget for the past 6 months or so, but I was not playing along (because I’m a spender!).

I believed budgets were controlling, restricting, live-in-a-Maytag-refrigerator-box pieces of trash. They made me say the word “no”, and it interrupted my flow. I wanted no part of it.

But let’s consider a snapshot of my family’s financial situation when Jenn walked in:

  • I was managing the money
  • We had $4.13 in our checking account
  • Our credit cards had a huge balance on them again – for the third time!
  • We had a 105% financed car and a 100% financed truck
  • There was nothing in our short-term savings account
  • We were B-R-O-K-E

I can not write this strong enough: I was B-R-O-K-E and telling my wife, “NO!” to doing something different with our finances! But, for some reason at that very moment, something happened that changed my life and marriage forever. I turned off the TV and looked at the budget she had prepared. It actually showed we could live for a month without incurring any additional debt!

LIFE-CHANGING does not describe the next few minutes. I moved into the computer room and started entering the expenses into Microsoft Excel. As I was putting together the formula to subtract expenses from the income, I realized that all of this time I could have been managing my money with the math skills possessed by the average first-grader. INCOME – OUTGO = EXACTLY ZERO! After a few minutes, we had a budget that was EXACTLY ZERO.

My life and marriage have been changed forever because we discovered that a budget is NOT restricting. It is freedom!  It is merely telling your money where to go instead of wondering where it all went. It allows you to pay off debt, save up for known, upcoming expenses, save money for emergencies, and fund your dreams.

The first budget was tough because not everything went according to the plan. Every month we had been spending an enormous amount at Wal-Mart and did not clearly know what we had spent it on. As a result, our first month was a little rough. Month two was a bit easier.  Month three was even easier.

Listen to your feelings as I write this next line: We don’t worry about money ANY MORE. We did something different. We applied God’s word and Grandma’s advice to our money and our lives have never been the same.

You CAN do this! You CAN get through the 1st month’s budget! Click on “TOOLS” at the top of the page or click HERE to download your FREE budget form and get started!

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Need further help? My book, I Was Broke. Now I’m Not., provides the exact tools my family used to win with money. It will help you do the same. Learn more HERE.

How Do I Get My Spouse To Work With Me On Our Finances?

“How do I get my spouse to work with me on our finances?”

This is a very common question I encounter in the world of personal finances! The non-participative spouse problem is real, and it can be extremely frustrating.

First, let me say these two things:

  • Finances are one of the top causes of marriage fights and divorce.
  • Until both spouses are on the same page financially, it is impossible to maximize your financial potential.

So, recognizing how important it is that you work together, I submit the following strategies to bring the reluctant spouse on board with planning the family’s finances.

1.  Plan out your conversation

  • Take time to write down the reasons you would like to have your spouse’s active help in managing the family’s finances.  The Financial Planning Checklist can help you with this.  Include your dreams in this list.  That 25th anniversary trip you have always dreamed of, the boat you’ve always wanted, paying for your daughter’s wedding, paying for your children’s college, etc.
  • Look into some potential ways to improve your financial management.  I highly recommend putting together a monthly spending plan BEFORE the month actually begins.  You can find FREE copies HERE. Complete a personal finance study like the I Was Broke. Now I’m Not. Study.

2.  Talk with your spouse

  • Arrange for a babysitter to watch your children, and schedule a night out with your spouse. Go to a nice dinner and then to a coffee house. Tell your spouse you have something you want to discuss that is VERY IMPORTANT to you. TRUST ME.  When you tell them you want to discuss something VERY IMPORTANT with them, you WILL have their attention! This sort of statement is NOT something your spouse hears every day.
  • Share your concerns with your spouse. Explain in terms of unrealized dreams. Here are some examples:”I am concerned that if we do not work together to plan our finances, we may not get to go to Hawaii for our 25th anniversary” and “The children are growing up so fast, and we have not started saving for their college yet” and “We have earned over $500,000 over the past ten years, and we only have $1,500 in savings.”  DO NOT PUT THEM INTO A DEFENSIVE POSITION. IF YOU DO, THIS WILL NOT BE A PRODUCTIVE DISCUSSION. Don’t say terrible or hateful things like, “Our finances stink because of your ignorance, and this is all your fault.”

3.  Take Action!

  • You have had the discussion. It might be appropriate to back off for a little while to let your spouse process everything you have shared. At some point, however, you need to take action! Sign up for the class.  Set up an evening for you both to prepare a budget once the children are off to bed.

By the way, marriage is grand, but divorce is at least a hundred grand! I’m convinced that if most people knew how much divorce would really cost them, they would be much more willing to spend the money to figure out a way to work together!

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Power In A Plan

Do you have a plan for your life? I know you have dreams for your life so let me be more clear. Do you have a WRITTEN plan for your life?

Something amazing happens when you take pen in hand and write out your plans! When you write them down, there is a much greater chance your goals will be accomplished!

An old Chinese proverb shares, “The faintest ink is sharper and longer-lasting than the brightest mind.”

It is the truth.  On many occasions, I have written my plans on paper and accomplished the goals.  Sadly, I have had many more occasions where I did not take the time to write out my plans and rarely were those dreams accomplished.

We tend to get way too busy to continuously remind ourselves of our plans and dreams. We are busy running from the kid’s basketball game to go to church. We run from there to go to dinner with friends. From there we dash over to school for an event there. In the midst of all of this activity, we can lose sight of our future hopes/dreams/plans.

Maintaining a written dreams list will provide a constant reminder of “why” you are doing what you are doing right now.

Take the time right now to write out your plans, hopes, and dreams! The achievement of your hopes and dreams is at stake, so it is worth the time! Spend five minutes dreaming and writing right now. It could change your life forever.

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Pain Of Same Greater Than Pain Of Change?

I regularly meet people who believe they should be able to continue behaving the same and still achieve different financial results.

Here are some examples:

  1. The person who wants to eliminate financial stress, but refuses to save money.
  2. An individual who dreams of a fantastic retirement, but fails to build net worth.
  3. A parent who wants their children to attend college, but saves nothing for their education (but they DO have 95 video games and three different game consoles)
  4. The person who wants to win with their money, but chooses to not carry health insurance (even though we all experience sicknesses)

This is insanity. If one wants to achieve different financial results, it is important to change. Most of us, however, struggle with change. It is frustrating to change things – especially financially. It requires education, focus, partnership, and time.

Most people change their financial behavior when the “Pain of Same” becomes greater than the “Pain of Change.”

Situations such as:

  • When you can’t stand the idea of being broke another minute so you establish a savings account that automatically zaps money from your paycheck before you ever bring it home.
  • When the thought of not being able to pay for your child’s college becomes greater than telling your kids that you will no longer purchase video games until the account is fully funded.
  • When you consider the risk of not having health insurance, you obtain a high deductible health plan to prevent catastrophic medical expenses that could cause bankruptcy.

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Stop Living Paycheck To Paycheck


  1. Are you living paycheck to paycheck?
  2. If you missed one paycheck, have you saved enough money to pay your bills on time?

Statistics continue to show that somewhere between 50% to 70% of Americans are living paycheck to paycheck.

Bankruptcy is a very close relative to paycheck to paycheck living.  People who choose to live this way are just one illness away from disaster. Just one job layoff away. One paycut away.

Marriage distress and divorce is a very close relative to both bankruptcy and paycheck to paycheck living.

If you are living paycheck to paycheck, I must ask:

Why would you put yourself in this position?

The stress is not worth it! The energy required to determine when each bill will be paid is exhausting. Why would you allow your marriage and financial future to be jeopardized?

If I can not give money away and save each time I am paid, something is broken. Having a car payment, a student loan payment, a furniture payment, and credit card payments might allow me to look good, but there is no way it is worth the stress of paycheck to paycheck living.

Financial margin allows you to stop the stress and despair.

If you are stuck in the paycheck to paycheck life, here are some practical steps you can take to get OUT of the madness!

  1. Pay cash for all future purchases.  No more debt.  It is the first rule of holes – When you are in a hole, stop digging!
  2. Spend all of your month’s money on paper BEFORE the month begins. It is called a budget, and it is AWESOME! Apply the basic rule: INCOME – OUTGO = EXACTLY ZERO.  You can get started by clicking on “TOOLS” on the top of the page or by clicking HERE.
  3. Refuse to believe the lie that you must have debt.  You do not HAVE to have debt. I have personally seen hundreds of people accomplish major improvement in their personal finances. Many have went all the way to total freedom of debt (except the house – some including the house!).

I want financial freedom so much for you!  I feel a HUGE WEIGHT on my heart to help you achieve financial freedom!  I want to help you! It is why I wrote I Was Broke. Now I’m Not. – to help you prosper! You CAN do this!

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Have You Looked At Your Credit Report Lately?

Your credit report is used regularly to make decisions about you. Marketers use your credit report to determine the offer they will send to you. Insurance companies use it to establish premiums.

Since decisions are going to be made about you based on your credit report, you should know what the report says! Even more, identity theft is rampant and errors can also happen.

By law, you are allowed to obtain your credit report at least once per year. Obtain your FREE credit report at

Each credit reporting agency will attempt to sell you a credit score, but you are not obligated to do so!  Decline the offer and obtain your credit report from each of the three credit reporting agencies – Experian, TransUnion, and Equifax. You can print each report as well as save it to your computer.

Facts You Should Know

  • Obtain a credit report from each of the three credit reporting agencies – Experian, TransUnion, and Equifax
  • If married, obtain these three credit reports for each of you
  • Review carefully for accuracy

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Keep the Main Thing the Main Thing – Acts 6

Have you ever been involved in a big project? I mean a big project! One with large quantities of work, assignments, people, and deadlines involved?  If you have been associated with a number of projects like this, I can virtually guarantee you have experienced the “mired-in-the-details-I-have-no-clue-about-what-is-going-on” leader.

This is the type of leader who, when leading a project similar to solving world-hunger, will spend fifteen days determining what type of tablecloth to have at a fund-raising dinner. A leader who, when leading a project to build a new school, will spend seven days figuring out the number of pounds of clay it will take to bake the brick it will take.

Most of the items the project leader focuses on ARE important, it is just not important for them to figure it out!

They have forgotten to keep the main thing the main thing!

I believe all people have found themselves stuck in the details at some point.

Examples include:

  • Polishing up the entire house for Thanksgiving dinner, but forgetting to put the turkey in the oven.
  • Making sure the children are delivered to and picked up from school on time, but never taking time to see how school is going.
  • Obtaining a huge promotion at work, but neglecting the entire family for three years to achieve it.

I see a great example of this in the Bible, Acts 6. The widows were being overlooked in the daily serving of food, and the disciples were being asked to attend to the widows. Was it important to feed the widows? Absolutely! However, what was the Main Thing for the disciples? Telling others about Jesus! So, what did the disciples do? They selected seven trustworthy individuals and put them in charge of serving the widows.

The disciples said it so well …  “It is not desirable for us to neglect the word of God in order to serve tables.”

Are you keeping the Main Thing the Main Thing?  Have you been distracted from the ultimate reason you have been put on this earth.  It is time to refocus!

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