Debt Payoff Spectaculars

Did you make a resolution this year to finally off that debt that has been hanging over your head? Once that debt is gone, that payment will be freed up for you to start making progress towards your plans, hopes and dreams. If you need a visual tool that can help you gain traction in your debt freedom journey, you should check out our Debt Payoff Spectaculars found HERE on our website. 

These spectaculars are incredibly easy to use and can give you a visual representation of your debt being paid off. All you have to do is take the amount of debt you owe, and divide that by the number of squares on the payoff spectacular. This will give you the amount of debt that each square represents. Each time you make a payment in that amount, color off a square! 

While it may sound simple, there is something cathartic about visually marking that debt out of your life. If you’re paying off a truck, you can physically see the amount of that truck that you now own and you will find yourself wanting to color more and more squares. You might even go crazy and adjust your budget to cut your spending and allocate more towards debt! 

Check out our Debt Payoff Spectaculars HERE

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MONDAY MONEY TIP PODCAST: Sustaining Goals

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Welcome to 2019 where the Monday Money Tip Podcast will be live every single Monday! We hope by sharing tips and encouragement each Monday that 2019 can be your best financial year yet! To start us off, this week we’re discussing how you can actually sustain your New Year’s resolution instead of ditching it by February. We also have a success story from a man who paid off $70,000 in credit card debt and we will ask Joe some fun hot seat questions! 

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:

  • Hear how you can create and actually sustain goals in 2019 by celebrating milestones along the way. 

  • Megan shares a success story from Michael who paid of $70,000 in credit card debt. 

  • Joe shares the importance of meeting with a financial coach, sharing your journey and being a continual learner. 

Resources:
IWBNIN Next Steps
Upcoming Events
Oxen
Mint
Personal Capital

Quote of the Day: “If you discover ways to sustain good financial decisions over years, even decades, you’ll never lack for anything.” -Joe Sangl

How to Have The Best Financial Year Ever

Are you tired of feeling “stuck” financially? Are you ready to start making significant moves in your financial journey and even have your best financial year ever? There is no better time than 2019 to achieve just that. You still have a couple days to add your financial goals to your list of New Year's Resolutions. 

You can start by identifying your current status. We know that most people can identify with one of the three categories: struggling, stable, or surplus. Once you know where you fall, you can clearly determine your next steps. 

Here at I Was Broke. Now I’m Not., we follow a financial ladder in order to have a fully funded life. Check out a copy of the ladder so that you can identify what rung you are currently on and what your next step is. CLICK HERE TO DOWNLOAD YOUR COPY TODAY!

If you feel like you are in the strugglingcategory, you should strive to achieve rungs one, two, and three this upcoming year. In doing so you would have set goals, built financial margin with a baseline savings account and start to see your money working for you in your investments. 

For those who identify with the stablecategory, you should be position yourself to be able to move to the surplus category. You can do this by completing rungs four and five of the ladder. If you were able to complete those two steps in 2019, you would have eliminated all of your non-house, non-business debt (bye credit cards!) and have built up significant margin with three months worth of expenses in savings. This will allow you to launch into the next category and upwards on the ladder. 

If you are currently enjoying the blessings of the surpluscategory, you are almost ready to live a fully funded life and have the ability to positively impact the lives of all those around you. At this point, you can strive to achieve rungs six, seven, and eight of the ladder. You will not only be debt free, but you will also be investing 30% of your gross income into investments. 

You should also set five key financial goals for the year.If you don’t set any goals, you are far less likely to accomplish anything at all. Consider setting goals in each of the following categories: income, giving, saving, investing and debt elimination. I explain each of these in detail Episode 25 on the Monday Money Tip Podcast. You can check it out HERE

Once you have set your goals, make sure you establish accountability.If you share your goals with someone who has similar goals as you, you will be less likely to falter and give up along the way. Many people have workout buddies when they are trying to get into shape. Consider this a workout buddy for your finances! 

Lastly, make sure you are taking steps to increase your financial education.This step is not one that ends in 2019 but should be continued year after year. Read some financial books, hire a financial coach. Start learning and don’t ever stop. You won’t regret it. 

No matter where you are financially, you can make significant strides this upcoming year and position yourself to prosper. Make 2019 the year that you accomplish more than you ever did before on your financial journey. 

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

MONDAY MONEY TIP PODCAST: Christmas 2018 Special

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Merry Christmas Eve! Today on the Monday Money Tip Podcast, I’m sharing how you can balance striving for future goals while still being content with what you currently have. We’ll talk about our R&R at the end of the year and goals you should consider for next year. We will also share a very special success story and a big announcement about the future of the Monday Money Tip Podcast

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 each of the categories in which you should set goals for 2019. 

  • Hear a very special success story that relates directly to the Monday Money Tip Podcast. 

  • Learn how to balance striving for future goals and being happy with what you currently have. 

Resources:
Annual Plan Tools
Budget Tools

Quote of the Day: “But godliness with contentment is great gain. For we brought nothing into the world, and we can take nothing out of it. But if we have food and clothing, we will be content with that. Those who want to get rich fall into temptation and a trap and into many foolish and harmful desires that plunge people into ruin and destruction. For the love of money is a root of all kinds of evil. Some people, eager for money, have wandered from the faith and pierced themselves with many griefs.” – 1 Timothy 6:6-10

Known, Upcoming Non-Monthly Expenses Calculator

Have you ever prepared a budget and faithfully followed it only to have it crushed in the middle of the month because of an expense you forgot about? Does Christmas seem to creep up on you every year? Have you had to suddenly replace the tires on your car? Chances are, you answered yes to at least one of these questions. 

These budget busters are called “Known, Upcoming Non-Monthly Expenses.” The reason these expenses get forgotten is because they are non-monthly so they tend to be pushed to the back of the mind until the bill suddenly comes in the mail. But when they do finally appear, they can create a financial emergency causing you to either break your budget or go into debt. 

Think about what non-monthly expenses you know will come up throughout the year. Here are a couple of common expenses that people have: 

  1. Car tires need to be replaced 

  2. Heating & Air goes out 

  3. Christmas 

  4. Vacation

  5. Life insurance premium

  6. Property taxes 

  7. Health Insurance deductible 

Once you have these expenses listed out, you can plan to save monthly for them in your regular budget. Check out our Known, Upcoming Non-Monthly Expenses Calculator to do this with ease. Below is an example of the calculator in action: 

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By knowing what these expenses are and saving for them monthly, you’ll no longer have to “come up” with the money when the bill arrives. You will simply be able to pay the bill in cash. A cool feature of this tool is that not only does it calculate what you would need to save per month, but it also calculates the amount based on different pay frequencies. If you get paid twice per month, you would need to save $289.58 out of each paycheck. For a bi-weekly frequency, you would save $267.31. Regardless of how often you get paid, you can save accordingly and have the money available when you need it. 

Tips for using the tool: 

  • Be sure to recalculate your monthly savings number at least once per year. 

  • Don’t forget more long-term expenses such as college, weddings, vehicle replacement, and major home renovations. 

  • Make your savings for these expenses AUTOMATIC by establishing an auto-draft. 

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

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