So far in this series, we have talked a lot about money. How to get it, where to put it, how to hang onto it, a few strategies to maximize the money you already have, and of course, how and why you should stop being afraid of the stock market.
Today we’re going to talk about investments. This investment has nothing to do with stocks, bonds, real estate, IRA’s, 401K”s, or any of that. Today we will discuss the very best investment that you could possibly make.
This investment, if you choose to buy into it, will bring nothing but increasing dividends from now until the end of time. No downturns, no bear markets, just steady gains forever and ever. The one thing that you are going to do starting today is…
INVEST IN YOURSELF
Investing in yourself is the greatest investment of your time and resources that you could ever make, for many reasons. Firstly, the time and money that you invest in yourself is not dependent on any type of market. No need to worry about the “fiscal cliff” taking your hard earned resources and flushing them down the toilet.
Investing in yourself gives you the opportunity to develop skills and pursue your goals in life. It allows you to follow your path and fulfill the life of your dreams, on your own terms.
So how do you invest in yourself? Simple. What it is that you want out of life? Do you want to start a business and develop skills to market to the world? Maybe develop a product or improve and existing one. Or maybe you just want an outlet to share your message.
You could invest in yourself in many of the following ways. You could:
- Pay off debt– Paying off your debt comes with an instant dividend. The dividend attached to paying off debts is exactly the interest rate of the debt that you have. If you have a line of credit, credit card, or other interest based debt, the sooner you pay it off, the less interest you have to pay.
- Get educated– Not in the traditional sense of going to college and getting a degree. Use some of that capital to invest in your future by taking advantage of many of the opportunities to learn real world, usable skills by accessing the literally thousands of learning resources on the internet. Many of these resources have a low entry fee and some resources, such as YouTube and other open source sites are absolutely free.
- Follow your passion– Do you have a hobby or a particular area of interest that you’re just dying to pursue? By investing in yourself, you can take advantage of these opportunities and follow your dreams.
For example, do you love photography? You could invest in a good, quality camera complete with lenses and all the other accessories that you could need. You could invest in a photo editing program and maybe even take a photography course to learn the fine details of the craft.
Would you like to travel? You could use some of that extra money to travel to the destination of your choice. You could even start your own blog and document your travels.
Have you ever dreamed of starting your own business? The possibilities are endless in the world of entrepreneurship. A few bucks for a domain name and web hosting, and you could start your own business website. If you love writing, you can spend a few bucks on a copy-writing course and start your own copy-writing business. Love technology and computers? You can learn how to code computer programs and build useful apps and websites.
If you have a particular skill, you can leverage that power to create your own service business. If you don’t have a particular skill, you can easily learn one via the vast matrix of the internet.
The above ideas are just the tip of the iceberg. The real story is dependent on you and what you want to achieve. Start investing in yourself today. It’s the best investment you can ever make.
Rise up and stay strong!!