Asking the right questions

Nick True at Mapped Out Money often has good budgeting and personal finance advice. This episode looks at the questions we ask ourselves regarding money and suggests maybe we’re asking the wrong things.

I find there’s a lot of value in what he says, especially in comparing yourself to others. My wife and I could drive ourselves crazy if we were to compare our grocery budget to others. We’re vegans, which tends to be more expensive for base ingredients, but we don’t eat out very often, mostly because of the expense. On a strict analysis that doesn’t make sense. If we’re really interested in saving money on food, why shell out for vegan food? Or, if we’re so interested in health, why not go even more expensive and buy everything organic? (That’s not why we’re vegan, but that’s another story for another time.) The answer lies with our values. We do value vegan living, and we also value saving money. This is the balance we’re comfortable with.

At the end of the day, if we don’t live in accordance with our values we’re going to be dissatisfied with whatever other choices we make. Granted, values can–and sometimes should–be changed. If your primary value is to live as large as possible regardless of income, then you’re headed for trouble and either need to to not disregard income so much or decide not to live so large. But on the whole, money needs to serve our needs and not the other way around.

Leadership skills for self-reliance

I recently found an article titled “Leadership Skills Anyone Can Develop.” It outlines five traits of leaders:

  1. Take ownership of your life
  2. Be optimistic
  3. Be honest
  4. Measure results
  5. Believe God wants you to succeed

Simple ideas, though not necessarily easy to implement. Read more at the link.