Posts by jsangl
Strategies For Saving Money BIG-TIME
I am a HUGE fan of savings accounts. I am an even HUGER (I made up that word) fan of savings accounts with money in them!
Here are some proven strategies for piling up HUGE CHUNKS of money in your savings account:
- Save the “magic month” paycheck If you are paid weekly, you normally receive four paychecks a month, but there are four months each year where you receive FIVE paychecks. Budget and live your life on four paychecks per month and you will be able to save the extra paycheck every three months! Paid bi-weekly? Budget and live your life on two paychecks per month, and you will be able to save the extra paycheck during those two magic months each year that you get three paychecks.
- Save the TAX REFUND As a spender, I know that the word “fun” is right in the middle of the word refund. However, maybe the right thing for you to do this year is SAVE your tax refund.
- Automatically send 10% of paycheck to savings If the money makes it home in the paycheck, it is at risk of special magic disappearing acts – even for the most conservative of people. Set it and forget it. You won’t regret it.
- Save the BONUS Don’t spend it – just this once. Put it into savings. It is amazing how great it feels to be able to say, “NO!”, to yourself and put your BONUS into the savings account. It gives you the feeling that you truly are in control of your money!
- Sell something The old RC airplane in the garage just needs to go. So do the bikes that you don’t ride. So does the boat you use once per year – it’s cheaper to rent one when you need it. Put the money into savings. You will end up with an cleaner and neater garage and attic and a plump savings account!
How have YOU saved money BIG-TIME?
Become A Trained Financial Coach!
One of the biggest reasons the crusade is able to help people accomplish far more than they ever thought possible is because we have trained Financial Coaches all over the country. When we partner with a church or organization for a live event, we teach valuable principles and tools that equip people and provide them with hope and inspiration. But at the end of the day, we have to travel back home.
It is the Financial Coaches we train that provide the ongoing 1-on-1 help and assistance people need for their individual financial situations. Helping people put together a plan and showing them HOW they can win with their money is the most important thing, and Financial Coaches make it possible.
You might be interested in becoming a financial coach as well, but haven’t had the opportunity to go through our live training. The reason is usually we either haven’t been to your area or your church hasn’t launched a financial ministry yet. It might be that your church has been waiting for someone like you to step up and start the financial ministry!
Do you want to be a vital part of this crusade to help others win with their money? Are you winning with the management of your own personal finances, and are passionate about helping others accomplish the same? We are PUMPED to introduce you to possibly the most life-giving and joy-filled opportunity you may ever find:
Become trained to be a financial coach!
For only the second time EVER, we are making it possible for the right people to become a part of the crusade no matter where they live! The Financial Coaching Experience will be taught LIVE ONLINE on SATURDAY, January 15th, from 9AM to 3PM Eastern Time! If you are interested in this opportunity, fill out the application form below to be signed up for an on-line (of course!) informational meeting where we will share the details of the training and answer any questions you may have.
This is a LIMITED OPPORTUNITY because we can only train ten people at a time. Fill out the form below NOW to reserve your spot in the informational meeting being held on-line next Tuesday, January 11, at 11:00AM Eastern Time.
DETAILS
On-Line Financial Coaching Experience
DATE: Saturday, January 15, 2011
TIME: 9AM – 3PM
WHERE: ON-LINE!
COST: $295 – includes all materials
REQUIREMENTS:
- Passionate about helping others win with money
- Winning with your own money
- Committed to providing financial coaching to those in your community
Training Includes:
- Step by step process for launching your own financial coaching
- Hands-on application of the tools with real-world scenarios
- Access to the I Was Broke. Now I’m Not. Team
- Access to the tools and documents that can be revised to suit your organization’s needs
- All necessary materials
- The opportunity to network with others who are becoming financial coaches
- A Certificate of Completion
Can’t see the form? Click HERE to access it directly on the web.
Already KNOW that you want to participate? You can register NOW by clicking below (or by clicking HERE):
SERIES: 5 Questions To Ask Before Spending Money
Welcome to the latest series on the wildly popular JosephSangl.com – 5 Questions To Ask Before Spending Money
It is my hope that this series will help provide you with practical questions to ask when preparing to spend a substantial amount of money. Practical questions that will help you truly understand the enormity of the decision and help you make the decision that is best for you and your family.
Question 5: Will this help me achieve my future plans, hopes, and dreams?
I believe that the number one reason that people fail with their financial plans is a lack of organization and the lack of a plan. Without a longer-term perspective, it becomes extremely easy to fall into the trap of living for the minute and immediately spending every single dime we earn. As one develops a longer-term perspective, it really helps us recognize that spending all of our money right away will rip our future dreams away from us!
When my family first got started on improving our financial future (Dec 2002), I noticed that we started looking a few months ahead. Now, eight years later, my entire perspective has shifted. You see, I want to leave a legacy for my children and community. I want to start a university. I want to leave a huge inheritance to my family, church, and others. My wife and I want to give our children a paid-for college education. We want to give them a paid-for house when they graduate. We desire to teach them to manage their finances recognizing that it is not just FOR THEM, it is FOR THEM TO HELP OTHERS!
I’m 36 right now. Statistics say I am 1/2-way through my life. Time is short. Too short to spend all of our resources on stuff that does not support our plans, hopes, and dreams.
By the way, the university is starting earlier than scheduled. Stay tuned … Things to make us all go, “Hmmm …”
SERIES: 5 Questions To Ask Before Spending Money
Welcome to the latest series on the wildly popular JosephSangl.com – 5 Questions To Ask Before Spending Money
It is my hope that this series will help provide you with practical questions to ask when preparing to spend a substantial amount of money. Practical questions that will help you truly understand the enormity of the decision and help you make the decision that is best for you and your family.
Question 4: Will this purchase generate income for me or take income away?
What an incredible question to ask – and what a difference it will make in the way you think about money! I used to earn money and then immediately begin pondering which fun item I was going to buy. I rarely (if ever) thought about the fact that I could use the money to buy in to a small business, purchase stocks and mutual funds, start a small business or purchase a rental home.
Even more, I did not truly realize the ACTUAL cost of many of the items I had purchased. I had purchased a new car (my smokin’ hot Chevy Cavalier) and I only thought of the bank loan as my “cost” to purchase. In actuality, I also added the costs of insurance, property taxes, license tags, maintenance, repairs, and additional gasoline consumption.
Before spending your money, just stop and ponder the options available to you to use those resources to generate more income for you in the future.
BONUS: Review your budget to see how much your current possessions are costing you on an ongoing basis – where can you lower your expenses?
SERIES: 5 Questions To Ask Before Spending Money
Welcome to the latest series on the wildly popular JosephSangl.com – 5 Questions To Ask Before Spending Money
It is my hope that this series will help provide you with practical questions to ask when preparing to spend a substantial amount of money. Practical questions that will help you truly understand the enormity of the decision and help you make the decision that is best for you and your family.
Question 3: Do I have the money to pay CASH for this item?
My hero, Dave Ramsey, would be proud of me for asking this question! (By the way, Dave, it would be great to meet with you again!)
I got to write the “I Was Broke” part of my book, I Was Broke. Now I’m Not. (you should buy a copy HERE) by always financing stuff. My car, truck, next truck, engagement ring, wedding ring, honeymoon, credit cards, college student loans, furniture, and many other things were financed because I did not stop and ask myself this key question. I know that the day I started asking this question was THE DAY that my family started winning with money.
If I do not have the cash to pay for it, I’m not buying it UNLESS it is a house or an asset that will increase in value (like a business, rental house, etc). Even then, the answer is still usually “NO!” unless I have all of the money available to pay cash.
BONUS: