Best of the week – January 24, 2015

Here are some articles that caught my eye this week….

The Most Important Number

What so many people fail to realize, and I didn’t understand until I read Thomas Stanley’s book, The Millionaire Next Door, is that the secret to wealth really isn’t about how much you make. It is about how much you keep. Many people make six figure incomes but have little to show for it because they spend as much or more than they make. You must be consistently spending less than you make to build wealth, regardless of your income. One excellent way of tracking this over time is by periodically doing a personal net worth statement. It is simple to do and gives you great indicator of just how well you are doing. This article is a bit long but he provides a very simple explanation of net worth statements and then provides several thought-provoking ways to look at that number and what it means for your financial success.

THIS, Not THAT, Is the Real Point of Budgeting

I think one of the most common reasons people don’t budget is because they feel like if they had a budget they wouldn’t get to have any fun. But the point of budgeting is just the opposite. The point is to make sure you spend your money on what matters most to you.

Ask the Readers: What are your best tips for interview success?

I am not one that has ever been very good at thinking quickly on my feet, especially in a somewhat stressful situation like an interview. I am more likely to think of the perfect answer 2 days later. So for me one of the keys was to develop a list of common questions that interviewers often ask and then write out answers ahead of time and rehearse them. I also created a list of accomplishments I had previously achieved that were related to skills the new job might require. I reviewed both of those lists prior to my interview and with those things fresh in my mind I was able to handle most questions without stumbling too badly.

The most important key for me though was understanding that God was ultimately in control. 1 Chronicles 29:11-12 is a great scripture that reminds us that all we accomplish is really done through the strength God gives us. I prayed that scripture and ask that His will would be done before every interview I entered.

Fake IRS phone calls tops list of tax scams

We received one of these calls just a couple of days ago. We had a voice mail claiming we owed the IRS money for back taxes and would be prosecuted if we didn’t respond immediately. Several of our friends have recently received similar calls. Don’t be taken in by scams like these. Never, ever give out your personal information or credit card numbers to an unsolicited caller. Scam artists can be very convincing. Don’t be fooled.

Improve Your Financial Situation By Making This One Change

“You are the average of the five people you spend the most time with.”? Jim Rohn

9 Best Road Trip Destinations in the USA on a Budget

I’ve been fortunate to have been able to experience at least 3 of these. Would love to see all 9 someday.

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