Investing is a key aspect to building wealth for your future. But did you know that there are other things you should invest in, aside from the stock market? Though money is important, life isn't all about money and you should invest in other areas of your life as well.
Here are 4 things you should invest in:
Invest in Your Health
Your health is such an important factor in your well-being. As a young person, it can be easy to take our health for granted. But eating poorly and being indolent now, can have serious ramifications down the line. Aside from physical health, your mental health is also so important. Stress kills and depression and anxiety can affect your ability to enjoy life.
Invest in eating well even if it costs more and invest in wellness — this could mean going to a gym, getting running gear, biking, or even massages (fun fact: massages can help boost your immunity).
I read a quote a while back that really resonated with me. It said, “If you don't take care of your body, where will you live?” It reminded me, we have one body and one mind, so treat it well. As a young person myself, I sometimes take for granted taking care of myself. Recently, I got really sick with pneumonia and felt totally useless. I am not good at being sick as I love working — it just reminded me that stressing wouldn't help and that I have to take care of myself first. If you don't take care of yourself first, you can't be 100% in other aspects of your life.
Invest in People
Relationships are your most valuable asset in your life. Your family, your partner, your friends are all people that will be there when times get tough (and they do). If you only focus on yourself, you'll start to lose these precious people. Your relationships are what can get you through the tough times, thrive through the good times, and also help leverage you further. I would be nowhere without my personal network, friends, family, and my partner. I try to show gratitude and give back to them when I can. I love to spend time with them and learn from them.
Invest in others and they will return the favor. Support others and remember, it's not all about you. People are what make life rich, so open yourself up to others and learn something from them.
Invest in Yourself
While investing in others is key to maintaining your network, it's also vitally important that you invest in yourself. This means that you are spending time on cultivating your own creativity and ideas, giving yourself permission to succeed and fail, and also do what you want. I can't speak for all women, but as a woman, I know there is a lot of pressure to care for everyone but ourselves. We're caregivers at heart and want to care for our partners, our children, our family and co-workers. I am the first to admit that “me time” comes last and that is something I desperately need to change.
Invest in your own happiness as well as your own ideas. Be your biggest cheerleader and the boss of your own life.
Invest in Experiences
Personally, I've never loved shopping, clothes, or gadgets. I've always loved experiences and I have zero regrets with the money I've spent on them.
I've traveled to 8 countries, seen musical greats like Ray Charles and B.B. King (I have diverse musical taste), and ate some delicious food that I could never make, with friends that I love. I enjoy doing things that enhance my vault of experiences and teach me something. I personally believe travel changes you each and every time. It reminds you of this much bigger world we live in — and also reminds you of the beauty of home.
Invest in experiences over things. Their value, while ultimately unquantifiable, will make you much more rich over “stuff.”
So, I encourage you to traditionally invest your money and make your money work for you. But I also recommend in investing in the above items as well, to live a rich, healthy life that isn't just about money. Because while money is great, it's simply a tool for life.
Are you investing for a rich life?