2018 Christmas Bundle Sale

Still looking for the perfect Christmas gift? Look no further! Give someone the gift of financial freedom this Christmas! Check out our Christmas Bundle HERE

During the month of December, you can get a copy of I Was Broke. Now I’m Not. (fundamental financial principles), Oxen: The Key to an Abundant Harvest (basics of investing), and What Everyone Should Know About Money Before They Enter The Real World (designed to help young people prevent money mistakes) for just $48 plus FREE SHIPPING! That means that you’ll save over 25%! 

If you know someone that could benefit from these books (and I’m sure you know more than one!), pick up the bundle today! Or, snag a bundle for yourself so that you can go into 2019 with a better handle on your finances as well! This offer is valid for the month of December so check it out HERE today!

Set Financial Goals For Next Year

As we move closer and closer to a new year, I’m sure many of you are considering the goals you want to accomplish in 2019. I know I am! As you think about your goals, I would encourage you to also set financial goals that you can aim to achieve next year. You should consider setting financial goals for the following categories: 

Earnings/Income Goal: Set a goal for how much money you want to earn this next year. The more valuable you can be in your career, the more money you can bring home to your family. 

Giving Goal: How generous do you want to be this upcoming year? Do you want to give more to your church or have different charities you would like to support? Set a goal for how much money you want to be able to give away next year so you can be intentionally generous. 

Saving Goal: How much money do you want to put aside in savings? Do you want to have a fully funded emergency savings? Do you need to start saving for a new vehicle? You could even get ahead of the game and start saving for Christmas next year in January! How awesome would it be to have a full Christmas fund by September of 2019? You should set a savings goal to get ahead of expenses that will pop up. 

Investing Goal: Do you want to increase the amount that you contribute to your retirement fund? We have never heard anyone say “I have saved too much for retirement”. Decide how much money you want to start putting away in investment accounts for the future. 

Debt Elimination Goal: Are there any debts that you want to see leave your life for good? Is there a medical bill you need to pay off? Are you ready to break up with Sallie Mae? I remember when debts left my life and it was a great feeling. Make sure you have set a goal for how much debt you want to be rid of by the end of 2019 and never look back! 

Once you have decided on the goals you want to accomplish, write them down! When you physically write something down you are way more likely to actually do it! How awesome would it be if you could end 2019 being more generous with more income, more money in the bank, more of your money working for you AND less debt? Think about your goals, write them down, then make it happen. 

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Want more tips like this one?  Subscribe to the Monday Money Tip Podcast HERE.

MONDAY MONEY TIP PODCAST: Getting Prepared for 2019

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We hope everyone is enjoying their Christmas season and is well on their way to having a debt-free Christmas! On today’s episode of the Monday Money Tip Podcast, Joe and Megan are sharing what you should be doing in order to make 2019 your best financial year yet. Joe will explain the importance of goal setting and which categories you should focus on this upcoming year. You will also hear a success story from a woman who is experiencing her first-ever debt free Christmas in 16 years. 

It’s our goal at the end of each episode that you gain hope and encouragement in your financial journey, you’re equipped to take a next step, and that you’ve had FUN with us! 

Find the Monday Money Tip Podcast HERE. Please let us know what you think by leaving us a rating!

Email info@iwbnin.com to ask questions or share success stories.

NOW AVAILABLE TO DOWNLOAD:
iTunes
Stitcher
Spotify
Website

Show Notes:

About the Episode:

  • Joe shares what you can do in order to make 2019 your best year financially. 

  • Megan and Joe discuss the importance of setting goals in 5 different categories for the new year. 

  • Hear a success story from a woman who is experiencing her first-ever debt-free Christmas. 

Resources:
IWBNIN Next Steps
Known, Upcoming Expenses Calculator
Ally Bank
Marcus Bank
Discover
American Express
Personal Capital
Mint
Annual Plan Tool 

Quote of the Day: “You never have to recover from a great start!” – Ken Friar

Yearly Financial Goals

With each passing day, we are getting closer and closer to a new year. A new year brings new goals and resolutions. As you think about the goals you would like to achieve in 2019, I would encourage you to set financial goals as well. 

As you think about the financial goals you want to achieve in 2019, you can use our Yearly Financial Goals template to help you plan. All you need to do in order to use this template is print! After printing, simply write down your financial goals for 2019. Then, you can categorize them using the key at the bottom of the document (Earnings, Giving, Saving, Investing, Debt Elimination). The last column of the template allows you to choose a date by which you want to accomplish your goal. 

Make sure you take some time this December to plan out your goals for 2019. Once you know what you want to accomplish, write it down! You are way more likely to complete something if you have it in writing. Hang this template up on your fridge so you can see it and you can also see if you’re making progress towards your financial goals. 

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Want more tips like this one?  Subscribe to the Monday Money Tip Podcast HERE.

How to Have A Debt Free Christmas

What if I told you that you don’t have to go into debt Christmas shopping this year? That you can buy your gifts IN CASH and can avoid those dreaded credit card bills in January? Can you guess how you accomplish this? That’s right, a budget. 

Christmas is a known, upcoming, non-monthly expense. That means that we know that Christmas comes on the same day every, single year and we should plan for it accordingly! In the Sangl household, we do this by saving a little bit for Christmas each month. 

First, we decide how much we want to spend on Christmas altogether. Then, we create a list of every person or organization that we’re planning on buying a gift for and decide how much we plan to spend on each person. All that’s left to do is make that budget equal EXACTLY ZERO. Once you have your plan put together, you can do your Christmas shopping guilt-free!  

You can download a copy of one of our FREE BUDGET TOOLS HERE

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For more tips on how to have a debt-free Christmas, check out our full episode of the Monday Money Tip Podcast HERE

For more information on how to create a Christmas Mini-Budget, check out this related blog post.

2018 Christmas Bundle

What’s better than reading all of my books and getting your financial life in order? Reading all of my books and getting your financial life in order for a fraction of the price! The Christmas season is the perfect time to take a look at your finances and say no to incurring more debt this year! 

For the month of December, you can purchase our Christmas Bundle of all three books, for just $48 plus FREE SHIPPING. You will receive a copy of I Was Broke. Now I’m Not. (focuses on fundamental financial principles), Oxen (solely focused on investing), and What Everyone Should Know About Money (designed to help young people prevent money mistakes). 

During this time of the year, most people are focused on buying gifts for other people and that is awesome! You should be generous! But, don’t forget about taking care of yourself as well. If you take advantage of this offer, you will be armed and ready to take on the new year and make 2019 your best financial year yet! 

Remember, this offer is available throughout the month of December so make sure you check out the store starting December 1st!

Retirement Nest Egg Calculator

Do you know how much money you will need per year in retirement? Do you know how that number will be affected by inflation? I would encourage you to check out our Retirement Nest-Egg Calculator Tool. While it may trigger a shock to your system when you see the numbers, it can help you get into gear to retire well. 

This calculator is incredibly easy to use and only needs two pieces of information from you! All you need to do is enter the amount of money you would like annually in retirement and how many years until you expect to retire. After that, the calculator will compute the amount of money that you need to have saved and how different annual rates of return will change that number. 

Below you can see a calculation that I ran for an “annual amount I want” of $75,000 if I hypothetically retire in 20 years:

 
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As you use this calculator, keep a couple of things in mind: 

  1. The calculator assumes that you will never touch the principal. 

  2. The calculator assumes that you will give your nest-egg a “cost-of-living-raise” of 4% each year.

  3. This calculator adjusts the “annual amount your want” for an average annual inflation of 4%. 

So, at 4% annual inflation, I will need $164,334 per year in 20 years to have the same purchasing power that $75,000 has today. 

The bottom six rows tell you what you need to have in your nest-egg at different rates of annual growth. At 8% annual return, I would need $4,108,356 when I retire. That number drops significantly if I expect growth of 12% and I would only need $2,054,178 when I retire. 

These numbers may seem astronomical and you might feel like you will never build a nest-egg of that size. But remember, the power of compound interest can work in your favor! By starting early and investing consistently, you can watch your nest-egg grow to numbers you may have only dreamed of. 

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Want more tips like this one?  Subscribe to the Monday Money Tip Podcast HERE.

MONDAY MONEY TIP PODCAST: How To Have A Debt Free Christmas

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Are you ready to have a debt free Christmas this year? We are already at the end of November and Christmas is less than a month away. During this episode, Joe will share exactly what you can do in order to complete your Christmas shopping without incurring any additional debt. Joe has an update on the U.S. National Debt and we have a success story about a couple who created their first ever budget without an argument.  

It’s our goal at the end of each episode that you gain hope and encouragement in your financial journey, you’re equipped to take a next step, and that you’ve had FUN with us! 

Find the Monday Money Tip Podcast HERE. Please let us know what you think by leaving us a rating!

NOW AVAILABLE TO DOWNLOAD:

iTunes
Stitcher
Spotify
Website

Email info@iwbnin.com to ask questions or share success stories.

Show Notes:

About the Episode:

  • Joe shares alarming information about the U.S. National Debt. 

  • Megan shares a success story about a couple who created their first ever budget without an argument. 

  • Joe explains what you can do in order to have a debt-free Christmas this year. 

Resources:
IWBNIN Next Steps
IWBNIN Upcoming Events
Christmas Mini-Budget

Quote of the Day: “Without a PLAN and a PROCESS, you won’t make PROGRESS.” – Pastor Ken Murphy, Cypress Church

Black Friday Budgeting

Black Friday deals are probably piled up on your kitchen counter and overflowing your inbox right about now. Companies start promoting these deals at the beginning of November and most of the time cannot even wait until Black Friday to start selling! These sales are a great way to cross items off of your Christmas shopping list but can also become budget busters without the proper planning. You don’t have to spend January afraid of the credit card bills coming in, you can use our Christmas Mini-Budget to get Black Friday ready. 

This budget tool is incredibly simple to use and does all the math for you. All you have to do is enter the total amount you want to spend this Christmas season and then list each person you plan on buying a gift for. Make sure you include everyone that you will spend money on, if they don’t make the list, they don’t get a gift. It might sound harsh but you don’t have to spend money on every single person that you know.

 
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After you have listed the amount of money you want to spend and the people you plan to spend it on, you can begin to divy up your spending. Next to each person’s name, put the dollar amount that you plan to spend on them. You’ll notice as you start adding in numbers that the bottom of the spreadsheet will change colors. Like all of our budgeting templates, the trick is to make you INCOME – OUTGO = EXACTLY ZERO. Once you have accomplished this, the cell will turn green.

 
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Until you begin making purchases, the “actual” column will be yellow. This indicates you still have money to spend. When you actually buy the gift, record that in the actual column. If you spend less than you planned, the cell will remain yellow. You can either spend more money or reallocate those funds to another person. If you spend the exact amount you planned, the cell will turn green. On the other hand, if you spend more than you planned, the cell will turn red. You either need to take that money from someone else’s gift or take the gift back and find one within budget. You’ll know when your budget equals EXACTLY ZERO on all fronts when all of the cells turn green. 

 
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Black Friday and Christmas shopping don’t have to be stressful. With the proper planning you can avoid going over budget and putting yourself in debt to start the new year. Download the tool today and make this Christmas a debt-free one. 

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Want more tips like this one?  Subscribe to the Monday Money Tip Podcast HERE.

Benefits of An IRA

You have probably heard something at some point about making contributions into an Individual Retirement Account (IRA) to prepare for retirement. Retirement and investing can seem scary and difficult or only for the super rich but I’m here to tell you: That is a lie. You can (and should!) begin investing for retirement and an IRA is a fantastic way to do just that. 

The most popular types of IRA’s are the Traditional IRA and the Roth IRA. These investment vehicles are great ways to accumulate retirement money although they differ in their taxation. You can learn more about their differences in our podcast, Roth vs. Traditional IRA

When you decide to invest into an IRA, regardless of the one you choose, you can expect to experience a variety of benefits. 

Taxation: When you invest into a Traditional IRA, those contributions are made with “pre-tax” dollars which means that you can deduct them from your income. In a Roth IRA, contributions are made with after-tax dollars. This means that while you will not get a tax deduction, you will not have to pay any taxes when you withdraw the money in retirement. The tax benefits of both accounts can provide great traction when accumulating money for retirement. 

Automation: One of the reasons IRAs are so popular is because they allow you to automate your savings. These accounts are incredibly easy to start and with a simple bank draft, you can make sure that you are investing every single month. 

Compound Interest: After you have set up your IRA and automate your contributions, you will eventually be able to see the 8th Wonder of the World: Compound Interest. This means that once you start adding money you will start earning interest on that money. And then interest on THAT money. Your money will begin to work for you. 

These are only a few of the benefits that you’ll experience when investing into an IRA. Ultimately, you want to make sure that you are taking advantage of every benefit that you can when you’re trying to save money for retirement. Whether you are fast approaching retirement or just getting started in life, using one of these accounts can greatly help you accumulate money so you can live your best life when you eventually leave the workforce.  

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Want more tips like this one?  Subscribe to the Monday Money Tip Podcast HERE.

MONDAY MONEY TIP PODCAST: Roth Vs. Traditional IRA

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In Episode 23 of The Monday Money Tip Podcast, we’re discussing how to choose between a Roth and Traditional IRA/401k when saving for retirement. In addition, I have some updated information in regards to mortgage rates, savings rates and CD rates. We will also hear a success story from a woman who used a 0% credit card transfer and how it changed her debt freedom journey. 

It’s our goal at the end of each episode that you gain hope and encouragement in your financial journey, you’re equipped to take a next step, and that you’ve had FUN with us! 

Find the Monday Money Tip Podcast HERE. Please let us know what you think by leaving us a rating!

NOW AVAILABLE TO DOWNLOAD:
iTunes
Stitcher
Spotify
Website

Email info@iwbnin.com to ask questions or share success stories.

Show Notes

About the Episode:

  • Hear Joe answer a question about whether to choose a Roth or Traditional 401k at work. 

  • Joe shares information about current mortgage rates, savings rates and CD rates. 

  • Megan shares a success story about a woman who gained traction in her debt freedom journey by using a 0% credit card transfer. 

Resources:
IWBNIN Next Steps
Marcus by Goldman Sachs
Ally Bank
American Express
0% Credit Card Transfer
IWBNIN Ladder
IRS Website
Voya Retirement Calculator
Fidelity Retirement Calculator

Quote of the Day: “Whether you choose Roth or Traditional, what is most important is that you actually choose one and invest! BOTH are great decisions for your financial future.” – Joe Sangl 

Pulling Money Out of Retirement Accounts Early

As people take off on their debt freedom journey, so many times they are tempted to withdraw money from their retirement accounts in an attempt to speed up their debt elimination process. We get questions all the time from people who want to know whether or not we think this is a good idea. 

I do not think it is ever a good idea to take money out of a retirement account in an effort to pay off debt. Many people feel like retirement is so far away that they have plenty of time to begin saving. And while you may have plenty of time to start saving, you will never regret starting as early as possible. The key is to start investing early and invest consistently. In all likelihood, no matter when you begin saving for retirement, you will wish you had started sooner.  

When you get started on your debt freedom journey, it can seem like the end is so far away. But I would encourage you to stay the course. Get a budget using one of our FREE tools, calculate your debt freedom date using our FREE calculator and slowly but surely, you will see those debts drop off. And once they are all gone, not only will you be debt free but you will also still have your money working for you in your retirement accounts. 

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Want more tips like this one?  Subscribe to the Monday Money Tip Podcast HERE.

Make Your Retirement Savings A TOP Priority

Do you feel like retirement is so far away you cannot even imagine it? Or do you feel like retirement is so close that you can taste it? Either way, you should be making your retirement savings a TOP priority today! 

Statistics show that many people do not start saving until they are only 10 to 15 years away from retirement! If you choose to wait on starting your retirement savings, you are missing out on something that can actually carry your financial burden called compound interest. Compound interest can take your $100/month investment to $1,176,477 in 40 years. The earlier you start and the more consistent you are, the better off you’ll be when you get ready to retire. 

If you are not actively contributing to accounts dedicated to retirement, I would highly encourage you to start doing so immediately! I have never ever heard someone say “Wow I wish I had waited to start saving for retirement” or “Joe I am retired and I just have too much money”. You will never be able to go back and retroactively start your retirement accounts. But what you can do, is make sure that you do not waste another minute and you start investing today. 

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Want more tips like this one?  Subscribe to the Monday Money Tip Podcast HERE.

Joe Sang's Current Investments

Full Disclosure: I am not a certified financial planner, nor do I sell investments, insurance products, or other similar financial products. My goal in sharing this information is to shed light on a topic that few people understand well. It is my hope that this information will help inspire more people to climb the I Was Broke. Now I’m Not. Ladder (download a free copy HERE) and become wise investors so they can live fully funded lives. 

Throughout the month of October, we have been heavily focused on investing. I wanted to end the month by sharing my current investments. I do not recommend specific investments. I can only tell you the investments I own, and that they have worked well for me. The investments that you choose are up to you. I update this list of investments every March so make sure you are on the lookout. 

Click below to see a chart of my current investments.

MONDAY MONEY TIP PODCAST: Investment Fees

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In Episode 22 of The Monday Money Tip Podcast, Joe and Megan continue the discussion on the topic of investing. Joe answers the featured question of the week about what types of fees are acceptable on investment accounts and give other important investment information. You will also hear a success story about a couple that paid off $45,000 in credit card debt. They did it and you can too! 

It’s our goal at the end of each episode that you gain hope and encouragement in your financial journey, you’re equipped to take a next step, and that you’ve had FUN with us! 

Find the Monday Money Tip Podcast HERE. Please let us know what you think by leaving us a rating!

NOW AVAILABLE TO DOWNLOAD:
iTunes
Stitcher
Spotify
Website

Email info@iwbnin.com to ask questions or share success stories.

Show Notes

About the Episode:

  • Hear Joe answer the question, “I have investments and pay 1.35% in fees. What do you consider to be an acceptable amount to pay in fees? Should I ditch this investment for something lower cost?”

  • In our Current Money Events segment, Joe will share how you can make sure that you are prepared for your Christmas spending. 

  • Hear how a budget helped a couple pay off $45,000 in credit card debt. 

Resources:
IWBNIN Tools 
Christmas Mini-Budget
Joe’s Current Investments 
IWBNIN Ladder
Oxen Book
Net Worth Calculator

Quote of the Day: “There is no harvest if you do not invest.” – Joe Sangl

Links:
Vanguard
Charles Schwab

Prepare Your November Budget

November is only a couple days away so now is the perfect time to make sure that you have prepared your budget! It is so important to have your budget prepared BEFORE the month begins. You are way more likely to stick with the budget if you have a plan in place for the first day of the month. 

Make sure you download one of our FREE Budget Tools. You can choose either the monthly budget or the weekly budget template from our website. After you have downloaded your tool, you can get started putting together your income and expenses for the month of November. 

Step One: Enter your expected income for November. Put a number in that you KNOW is going to happen. If you should receive more money throughout the month, you can always adjust this number upwards. 

Step Two: Enter your expected expenses for the month. Even if you do not know what all of your bills will be, put in a number that is conservative enough that you know will be enough to cover it. Once your bills actually arrive, you can adjust these numbers to match what you will actually need to pay. Make sure you also include any Known, Upcoming Non-Monthly Expenses. You can use this calculator HERE to make sure you are saving enough to cover these expenses when they come up. 

Step Three: Make your INCOME – OUTGO = EXACTLY ZERO™. If your budget turns yellow or red, it is now time to start adjusting so that your budget turns green. You might have to make some uncomfortable decisions or even tell yourself “no” a couple of times this month. It will be worth making some sacrifices in order to finally have a working budget. 

Make sure you take some time this weekend to get that budget put together so that when Thursday rolls around, you’ll be prepared for a new month. This could be the month that you have your first ever successful budget. How awesome would that be? It all starts with a plan so make sure you have yours in place! 

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Want more tips like this one?  Subscribe to the Monday Money Tip Podcast HERE



Ready to Save TONS OF MONEY?

One of the most popular questions I receive is: “How can I save some money?”

It is a great question. In fact, we’ve offered savings tips in live online events, blog posts, and on our “Next Steps” page on a regular basis. Our help is received with great enthusiasm! As well it should, because who doesn’t like learning ways to save money?

Recently, we conducted a 40-day Budget Challenge. It was an amazing journey that people from around the world embarked upon together. It turns out that we share common financial issues when it comes to budgeting!

We also learned once again that everyone loves to save money. It caused us to ask the question, “How can we help a lot of people save tons of money?” Our answers to this question led to the creation of our first-ever SAVINGS CHALLENGE!

IWBNIN - Challenge - Twitter.png

In this 20-day challenge, we’re going to share 20 specific ways (one per week day) most people can save a lot of money in their budget. In fact, many who embark upon this challenge will save a minimum of $1,000 in their annual budget.

That is a lot of money!

I told our team I want to enable as many people as possible to be a part of this challenge. As many people as possible.

When you CLICK HERE to see the price, I think you’ll agree that it is priced way too cheap. But, hey, this is a savings challenge so I wanted you to start it out with some nice savings. If you’re one of the first people to register, you’ll be able to register at the ridiculously low price.

20-Day I Was Broke. Now I’m Not. Savings Challenge

  • When does it start? It will kick off on Thursday, November 1st and last the entire month!

  • How does it work? You will receive special teaching each weekday of the challenge! These tips will be sent to your inbox first thing in the morning, but you can watch them whenever is convenient for you on our membership site.

  • Can I get real help from the IWBNIN team? Absolutely! Our team is always here to answer any questions you may have. Upon registration, you will receive a special email address that will link you directly to an IWBNIN team member.

  • How much does it cost? This challenge is only $7.00!

OXEN: The Key to An Abundant Harvest

There was a point in my life where I came to the realization that I needed to find oxen in my life and start getting my money to work for me. From an average bank balance of $4.13, I have since acquired multiple oxen and experienced a truly abundant harvest. In my book, Oxen, I share these principles along with step-by-step instructions so that you too can win with your money. Check out this excerpt from my book and make sure you grab a copy for yourself. 

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

Imagine a farmer who was responsible for farming a full section of 640 acres, which is one square mile of land. Imagine if he decided to “do it all on his own” and attempt to plow all the ground without oxen. It doesn’t matter how strong and energetic the farmer is, it would be an impossible task. For me, just hoeing a small garden in my backyard wears me out! The farmer might be able to do enough work to produce food for the family to eat, but the potential for an abundant harvest would be impossible. 

Don’t miss the point here because it is vital to understanding oxen ownership. A farmer knows it is impossible to reap an abundant harvest without oxen. The same is true for all of us even if we aren’t farmers. 

If I continued managing my money without the help of financial oxen, the opportunity for an abundant harvest would be greatly limited. After all, there was only so much I could accomplish on my own. Like most people, I was working a “Work, get paid. Don’t work, don’t get paid.” job. Even if I worked twelve hours every day, there was a limit to how much I could earn on my own. My earnings would allow me to feed my family, but without a serious change to the way we managed our money, the income would probably only be enough to maintain our household. We would continue to be stuck in the “empty manger” cycle cleaning out the manger each month and then standing around waiting for the next paycheck to arrive. The worst realization of all was knowing that even if I worked the next fifty years of my life, my income would cease the moment I chose to retire. It became imminently clear that I needed oxen in order for my family to experience abundance. 

Is This Mutual Fund a Good Investment?

Many people are hesitant to begin investing because they think that it is some incredibly complicated venture that is only for the uber wealthy. I am here to tell you that it is not that difficult and you can (and should!) get started today at some level. 

Most people feel this apprehension towards investing because they do not really know how to tell if they are making a sound investment. There is some research that you can do to make this decision. In fact, I have a process that I go through when deciding if a mutual fund, specifically, is a good investment. Here are the questions I ask when I get ready to make an investment: 

  1. Do I like the product or service they are delivering? Do my children like it? I want to like a product that I am going to invest in first and foremost. If I like a product there is a good chance other people will like it as well. The same holds true for if I dislike a product or service.  

  2. Is the company profitable? Does the company share those profits with shareholders in the form of dividends? I do not typically invest in companies that are not profitable although there are a lot of people that have made a lot of money off of their stock. When I invest in a company I want to see that they can move an idea towards profitability. 

  3. What is the P/E? Once I know if a company is profitable, I next look at the P/E or the price to earnings ratio. This is calculated by finding the earnings per share (the total profits of the company divided by the total number of shares) and the current price of the stock. The P/E is calculated by dividing the price by the current earnings per share. I want to see a P/E that is less than 20 and ideally less than 10. Now, do not freak out about having to calculate this number every time you want to invest. You can simply google the company name followed by P/E ratio and easily find out. 

  4. What is the vision of the company? Do I like the leadership and the direction they are headed? 

To find this information, I typically utilize several different websites including finance.yahoo.commoney.cnn.com, and schwab.com

As you can see, investing does not have to be super complicated or involve a lot of intense research. When picking mutual funds it can be as simple as checking out their products, leadership and vision and then doing a quick check to make sure they are profitable. If you can put a check mark next to those four boxes, you can probably say that you are making a good investment. 

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Do you want to learn more about how you can acquire and maintain oxen? You can get my book Oxen for 20% off plus free shipping by clicking HEREOffer valid through the month of August of 2018

Want more tips like this one?  Subscribe to the Monday Money Tip Podcast HERE.

MONDAY MONEY TIP PODCAST: Making a Good Investment

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The Monday Money Tip Podcast is back! Investing can be such a complicated venture so this week, Joe is sharing how he determines if an investment is a good deal or not. For those who are new to investing, Joe has some helpful mobile apps that you can download to learn more of the basics of investing. In addition, Megan shares a success story from someone who went from hopeless on her money journey to hopeful. 

It’s our goal at the end of each episode that you gain hope and encouragement in your financial journey, you’re equipped to take a next step, and that you’ve had FUN with us! 

Find the Monday Money Tip Podcast HERE. Please let us know what you think by leaving us a rating!

NOW AVAILABLE TO DOWNLOAD:
iTunes
Stitcher
Spotify
Website

Email info@iwbnin.com to ask questions or share success stories.

Show Notes

About the Episode:

  • Hear Joe answer the question, “What things do you look at when investing to determine if it looks like a good deal or not?” He explains his process in looking at things such as the companies profitability and price to earnings ratio.

  • Get some important information about mortgage rates and bank savings rates.

  • Megan shares a success story about a person that found hope in their money journey.

  • Joe shares some helpful tools that you can use if you are new to investing and want to learn more before diving in head first.

Resources:
IWBNIN Tools
Online Savings Accounts
Oxen Book
Joe’s Investments

Quote of the Day:
“There is no harvest if you do not invest.” – Joe Sangl

Links
Yahoo Finance
CNN Money
Charles Schwab
Robin Hood
Acorns