5 for Friday (January 7, 2022)
Why should you start investing? What steps should you take for a higher net worth this year? And Why should you eat together as a family?
These questions and more are answered in this week's 5 for Friday.
1. 5 Stats That Prove You Need to Start Investing Now by Martha C. White. The stock market took a plunge in March 2020 but has regained its lost ground. If that doesn’t encourage you to start investing, Martha White offers 5 more stats that should do the trick. Why are the number $23,082 or 6.8% significant? Read on to find out!
2. Short on Time? 4 Hacks to Get Your Schedule Under Control by Kimberly Zhang. We all have seasons where our schedules feel packed to the brim. Start the year off by assessing what is on your calendar and how you may better manage your schedule. Embrace the simplicity spurred on by the pandemic. Create a master calendar. Embrace the “Rule of One”, and review what you do for entertainment.
3. 8 Steps to a Higher Net Worth in 2022 by Geoff Williams. Your net worth is a good tool to assess financial health. It can help you know what goals to set to make progress in your financial journey. Establishing a good budget, boosting savings, and paying off debt are essential first steps. Geoff Williams lists these and five more steps to work on your net worth this year.
4. 5 Reasons We Eat Together as a Family by Tim Challies. In the age of screen-time entertainment, not all families share dinner together. Studies have shown that children are negatively impacted by the absence of family mealtimes. Consider prioritizing family meals as a way of cultivating relational, emotional, spiritual, and financial health for your loved ones this year.
5. Enlightened Sight and Generous Giving by Royston Koh. Jesus taught us to lay our treasures up in heaven and not on earth. When we have a single-minded mentality to serve God with our money, we are full of light. But when we are double-minded, seeking wealth as primary, our envious hearts settle for destructible treasures on earth. Generous hearts spring from single-minded people who lay up treasures in heaven.