Investing in Yourself

YouThe following is a guest post written by Geof White, author of Lemonade Stand Economics.  

If someone walked up to me and said, “What do you think of when I say the word investment?”  My first thought would be, I have investments. Money I have handed over to someone I trust with the intent of that money increasing over time. I have also acquired investors who have entrusted me with their hard earned money because they believe in one of my business ideas.

To be involved with these type of transactions you either need to have money to invest or a great idea to invest in. But what happens when you don’t have money to invest or a great idea to invest in?  Here’s an option, and it’s not original. In fact I’ll you may have already done it!

 

Invest in Yourself

Invest in yourself and grow yourself. It’s no different than investing money in a stock or a business you believe in. After all, you believe in yourself, right? Investing is more about belief and trust than money. Investing is simply believing in something enough to trust in giving first, knowing the reward will come later.

I’m not talking money now. I’m talking about education, experience, knowledge.

 

It’s More Than Money

Why do most students go to college? Why do students spend four years studying and working hard? To better themselves by getting a degree, which will afford more opportunities (and yes money) later. Education is an investment in yourself. Experience is an investment in yourself. Do you want to step on an airplane with a pilot that has no experience? I didn’t think so. So how are you going to invest in yourself? What can you do TODAY that will benefit you LATER?

 

Think About Yourself Like an Investment

Be like a financial investor who studies a business they might invest in. Take a close look at yourself. Find things you gravitate toward and then ask, “How can I learn more about this? How can I get more experience doing this?  How will investing in myself now provide a greater return later?”

Write down some goals and then write down what personal investment it will take to achieve those goals. Scribble down I need to make $8,000 this summer to pay for school and this is how I am going to do it. Make a plan. Pay for college without student loans.

You never know, if you invest in yourself enough NOW, maybe you will have the money to invest in one of my great business ideas LATER.

What are your thoughts on investing in yourself first?

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  • http://thomassmoore.com Thomas S. Moore

    I thinking investing in oneself is very important whether it be education 401k savings knowledge etc. I do think however that many people would rather treat oneself vs the latter. Spending money on huge homes, cars, and clothes seems to be top priority. I think experience and knowing what you want to do is more then the education at first. Too often people invest in wasted dollars if they go to college just because. Have a plan education is like you stated an investment. Is not a good idea to invest in a company you know nothing about, why would you go to college and get a degree when you really have know idea what the career does. Just my 2cts.

  • http://www.paymystudentloans.com Jon @ Pay My Student Loans

    Great concept. Investing in oneself is definitely one of the most important things to do.

    If you can find even a 1/2hr per day (driving/exercising or cleaning) to listen to podcasts or audiobooks that provide educational benefit you will be getting the equivalent of a full year of university classes embedded into you each year! I realize its not the same but its a great way to invest in yourself!

  • http://prairieecothrifter.com Miss T @ Prairie Eco-Thrifter

    I am a big fan on investing in myself. You only get one life to live so mind as well go big. I am constantly working on being healthier, being stronger, being better to my friends and family, being better at work. I never stop. I find it really rewarding to see how far I have come from year to year.

  • http://www.insiderrealestatetips.com Dominique Brown

    Great post! I have invested in myself through my education and my thirst for learning. Everyday, I always try to study and read up on new things to improve my craft. I also find time to stay healthy by finding time to exercise at least 1 hour per day. All these investments have become beneficial to me, and also my family.

    • http://thecollegeinvestor.com Robert

      You will always make time for what is important…I’m glad you’ve found investing in yourself to be important.