Archive for January 2012

Win With Your Money In 2012 – 3

Welcome to the latest series here at JosephSangl.com – “Win With your Money In 2012”

It is our passion to help people accomplish far more than they ever thought possible with their personal finances.

If you apply what is taught during this series, you WILL be able to win with your money in 2012.  Happy New Year!

Part 3 Identify Additional Earnings Opportunities

Now that you have written down your 2012 Financial Goals and have defined specific actions that you will take to achieve each one, let’s focus on the top line for a moment – your income.

Where will you earn money? Will all of it come from your job or will you have multiple streams of income?

You might be amazed at the different ways YOU could earn income in 2012!  Here are some more common ways that I see people earn additional income that can sort of get lost during the year.

  • Tax Refund
  • Buy and Sell through Ebay, Amazon, live auctions, or through consignment
  • A small business
  • Overtime
  • Second job
  • Achieve a new certification level or additional education that results in a pay raise
  • Ask for a pay raise

What are some ways that you could produce more revenue this year – revenue that could help you fund your 2012 Financial Goals?

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Win With Your Money In 2012 – 2

Welcome to the latest series here at JosephSangl.com – “Win With your Money In 2012”

It is our passion to help people accomplish far more than they ever thought possible with their personal finances.

If you apply what is taught during this series, you WILL be able to win with your money in 2012.  Happy New Year!

Part 2  Establish A Plan To Reach Your Written Financial Goals

In Part 1, you were encouraged to write down your 2012 Financial Goals.  If you have not written down your goals, the rest of this series will not be very helpful to you!

Once you have established your written 2012 Financial Goals, it is time to establish a plan to reach each one of them.

For example, let’s say a “Savings Goal” of “Have $2,000 in my emergency fund by the end of 2012.” has been written down.  There are two ways we can address this goal:

  1. Develop a plan to achieve the goal
  2. Hope and pray we achieve the goal

Having hope and praying for the goal can be very helpful, but without a plan, it is much less likely to happen!

One way to achieve the goal would be to “Save $166/month into my emergency fund.”  That would total up to $2,000 by the end of 2012.

Another way to accomplish this goal would be to “Put $2,000 of my tax refund into an emergency fund.”

As these goals are developed, prepare a written spending plan (budget) for the year to help you clearly understand reality.

I recommend that you produce an ANNUAL PLAN and a MONTH-BY-MONTH ANNUAL PLAN that shows how each goal will be funded.  You can use our BRAND NEW & FREE BUDGET TOOLS to prepare your plan!

  • [download#97#nohits]
  • [download#98#nohits]

TOOL: Annual Budget – Month By Month and TOOL: Annual Budget

Take the necessary time TODAY to develop a plan to achieve each financial goal you have established for 2012.

Read Entire Series (Available after 1/9/2012)

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Win With Your Money In 2012 – 1

Welcome to the latest series here at JosephSangl.com – “Win With your Money In 2012”

It is our passion to help people accomplish far more than they ever thought possible with their personal finances.

If you apply what is taught during this series, you WILL be able to win with your money in 2012.  Happy New Year!

Part 1  Establish Written Financial Goals

Take some time TODAY to write down your financial goals for this year.  Seriously, have YOU ever written down your financial goals?  I know that I had NEVER written my financial goals down before 2002 – when I had my IHHE Moment (I Have Had Enough Moment).  Since that time, I have had my goals written down.  Guess what?  I had made positive progress ever since!

I believe the same will happen for you.  There is something incredibly powerful about writing down financial goals.  It requires you to think and plan about the year ahead.  It will also help you clearly understand that it will take work and intentional effort to achieve each goal.

There are several types of financial goals for you to think about establishing:

  • Earnings Goals
    • How much do you want to earn this year?
    • Where will you earn the money?
  • Giving Goals
    • How much money do you want to give away this year?
    • To what organizations and individuals will you give this money?
  • Savings Goals
    • How much money do you want to have in your Emergency Fund by the end of 2012?
    • How much money do you need to save for Known Upcoming Non-Monthly Expenses?
    • How much money do you want to have saved for your Dreams?
  • Investing Goals
    • How much money do you want to invest in 2012?
    • Where and how will this money be invested?
  • Debt Elimination Goals
    • How much debt do you want to eliminate in 2012?
    • Which debts will you focus on?

I CHALLENGE YOU to write down your goals TODAY!

To help make this even easier for you, we are pleased to offer our “My 2012 Financial Goals” worksheet to you FREE – DOWNLOAD IT HERE ==> [download#96#nohits].

Would you mind sharing any of your goals with us in the comments?

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