Free Magazines

While I was updating my address for my Skymiles account at Delta Airlines, I noticed that the miles I had were going to expire in a couple of weeks.

Well, I had tried to use these miles a couple of years ago for a trip for my sister-in-law.  Although seats were available on the plane, Delta would not allow me to use the free ticket on the flight.  They did offer a flight that was two MONTHS later, however.  FRUSTRATING …

Anyway, my miles were due to expire, so I decided to cash them in on a few free magazine subscriptions.  It only takes 300 to 500 miles to get a year's subscription to most magazines.

So I did what anyone with expiring miles would do … I got a subscription to EVERY SINGLE ONE of the the 32 magazines available!

Allure, Daily Variety, Glamour, Details, Latina, …  The list goes on!  The order was placed around Christmas so now all of the magazines are arriving.  In PILES.  Piles and piles of magazines are showing up daily.

I finally got around to looking at a few of the magazines last night.  What a load of JUNK!  I was reminded again of how crazy this world is!  There is a jacket that looks like it was thrown into a trash bin and washed in a septic tank – all for $3,000!  For a mere $1,000, I can buy a purse that looks like it was made from a dog’s hide.

The marketing for some of this stuff is crazy!  Another article mentions in passing that the cost of the meal for three people was $930.  A mortgage payment for a single meal.  It is written to sound cool, but I want to throw up.

I walked away from reading these magazines reminded once again of how the hooks are into the wealthy.

Let me tell you this – just because you have $1,000,000 in the bank does not mean that you are doing well!  If you are making $300,000 per year, a $1,000,000 should be a mere start!  You should have more like $4,000,000!  Are you managing your money well?  Or are you spending it like you’ve got it?

Is excess is OK?  Are $930 meals acceptable?

Another New Tool: The Mortgage Payment Calculator

www.JosephSangl.com proudly announces another tool – The Mortgage Payment Calculator!

Considering paying off your mortgage early?  Put in the information, and you will know how much your principal and interest payment needs to be to pay it off!

Considering purchasing a house?  Put in the information, and you will know what the principal and interest payment will be!

To access this tool, click on "TOOLS" at the top of this page OR click HERE!

Happy calculating! 

Another New Tool: The Investment Value Calculator

www.JosephSangl.com announces another tool to help you on your path to financial freedom!

It is "The Investment Value Calculator".

As you can see below, it could not be any easier!  Type in an "Annual Rate of Return", "Time Period", "Current Value", and "Monthly Contribution", and it will provide you with the "Investment Value"!  Even better, it will also return a snapshot of the value of such an investment in 5 year increments!

You can access this new tool by clicking the "TOOLS" link at the top of the page or by clicking HERE!

Happy calculating!!! 

Money Saving Ideas

So I met with my friend Paul Moyer for lunch on Tuesday.  I thought I was a maniac when it comes to saving money, but Paul is an absolute FREAK!

He showed up with a printed list of money saving ideas and explained each one in great detail throughout lunch.  I will share the ideas with you, but I am going to share my favorite one first – CHANGE HUNTING.

Apparently, Paul walks around looking at the ground.  Swings, merry-go-rounds, cashier's Read More

Another New Tool: The Mini-Budget

A Mini-Budget is used to spend irregular income such as tax refunds, bonuses, and inherited money.  It can also be used to budget for a home project, wedding, or other event.

Here is how it works – let's say you are going to be having a wedding.  Lord knows how much money we can spend on a wedding!  The average is OVER $20,000!  It strikes fear into every dad who has a daughter.  It strikes TERROR in every dad who has daughters!

Anyway, let's say the budget is $20,000.  SPEND THE MONEY ON PAPER FIRST!!!  You are MUCH MORE LIKELY to stay within the budget if you actually think through the expenses IN ADVANCE!

So you pull up the Mini-Budget form (link is later in post) and spend the money on paper FIRST.

Mini-Budget 

You can see that the $20,000 has been spent 100% on paper.  The chances are GREATLY INCREASED that this family will not overspend on this wedding (if you call $20,000 not overspending – ouch!).

See how it works?  GREAT!  What do you need to budget?

Get a copy of the MINI-BUDGET tool HERE.