How can you spend less? What makes compound interest so powerful? And what are some areas that can destroy your leadership?
All these questions and more are answered in this week’s My 5 for Friday.
- 4 simple steps to spending less in 2020 from CNBC. “Despite steady income growth over the last decade, household spending has risen more, recent research shows.” If you’re hoping to cut back on your spending in the new year, check out these practical steps to spending less.
- Why Einstein Considered Compound Interest the Most Powerful Force in the Universe by Jim Schleckser. Compounding is a powerful force, but only when it’s coupled with time. Be sure to check out this article from Jim Schleckser for encouragement on investing early, so you can reap the benefits of compound interest.
- To Be… Self Employed Or Not To Be… by Evan Wilcox. Self-employment is a good option for many people, but it’s important to know what comes along with it. Evan Wilcox offers advice for those considering this route and gives an idea of what to expect along the way so you can be better prepared.
- 7 Potholes That Can Destroy Your Leadership by Ron Edmondson. There are certain areas that can trip leaders up if they’re not careful, which is why Ron Edmondson encourages leaders with this: “If we know the potential dangers we have a better chance of addressing them – and, hopefully even avoiding them.” Check out what he sees as seven potholes to avoid in leadership.
- 5 Warning Signs a Leader is Leading at “Too High” a Level by Eric Geiger. “There is such a thing as leading too far above reality and too far removed from people and the work.” Eric Geiger gives us five warning signs that a leader is leading “too high” and why this is something we should avoid.