Description

In this episode, you’ll hear Joe talk about his personal struggles with debt and how he turned them around to become successful in the business world. He provides practical advice on how to run a successful business, tips on creating a financial plan, and guidance on investing in assets and why it's important to approach financial decisions with a long-term perspective. Find out the greatest business decision that Joe has ever made and his passion for giving back and using his success to support causes. Is debt always bad? You have to listen to hear Joe’s personal thoughts on the subject. Tune in now!

Key Points From This Episode: 

• Joe recounts how while making good money from his job, he accumulated huge debts from unchecked spending.
• How was Joe able to pay off his debts in three years?
• What made Joe determined to put his finances in order?
• What’s Joe’s special talent that proved crucial to the success of his business endeavors?
• Joe talks about his passion for marrying the gift of getting with the gift of giving. 
• Joe’s advice on how pastors and church leaders can leverage the strengths of entrepreneurs and business owners for the advancement of God's kingdom. 
• Joe discusses "I Was Broke. Now I'm Not." - its origin and how it became the core of everything that he does - book publishing, speaking engagements, financial tools and coaching, investing,  etc.
• Joe’s advice for employed individuals who want to start a business.
• What is the greatest business decision that Joe has ever made?
• What’s a failure or setback in Joe’s journey that teaches a key lesson?
• How do you determine a good and reasonable margin in real estate for a profitable and long-term successful outcome?
• Why is it important to define and live by your ‘why’ in managing your money?
• Joe’s advice on cultivating generosity in our businesses and in our life?
• “Is debt always bad?” Joe offers his perspective on the matter.

Tweetables:

“I have abandoned the phrase “I can't afford that” and replaced it with “How can I afford that?” That opens up the mind to think about other ways of achieving.” 

“If you put a line item in your personal budget that says ‘intentionally bless others’, you get opportunities to intentionally bless others.”

“Debt with a great margin and a lot of good math can be an excellent way to build wealth.”

Links Mentioned in Today’s Episode:

I Was Broke. Now I'm Not. website

Monday Money Tip Podcast

Fully Funded Life 

Rich Dad's CASHFLOW Quadrant: Rich Dad's Guide to Financial Freedom by Robert Kiyosaki

The Kingdom Investor Podcast on LinkedIn

About Joe Sangl

Joe is a leading teacher of personal finances. It is his passion to help people accomplish far more than they ever thought possible with their personal finances. 

He is the founder of I Was Broke. Now I’m Not., the president and CEO of INJOY Stewardship Solutions, and Co-Founder of Fully Funded. 

Joe is a graduate of Purdue University (BS in Mechanical Engineering) and Clemson University (MBA). He is the author of several books and has been featured in Money Magazine. He has been privileged to share his passion with hundreds of thousands of people throughout North America through Financial Learning Experiences, personal finance messages, and one-on-one financial coaching sessions.

Joe resides in Anderson, South Carolina with his bride, Jenn, and their three children.