Welcome back everyone! It’s your favorite person in the whole wide world – me!! Today, we are going to venture into the world of investing but not in the way you think though. Before we get into talking about real estate, stocks, and other forms of investing, we need to talk about the number one investment you can make – the investment in yourself. This is the most crucial step in the investment process; I promise you it is. Just ask Warren Buffet, he thinks the best investment is in yourself. But Mr. Nahas, what do you mean by investing in yourself? Great question Samantha, I’ll discuss it! Sit back, relax, and enjoy the show!
- Learning – this is the most crucial investment you can make. Warren Buffet once said, “the more you learn, the more you earn.” I firmly believe in this, just look at all of the most successful people. They got there by learning, but that doesn’t necessarily mean doing formal education. Learning can come in any form like books, videos, free courses, blogs (hint hint), etc. There are so many ways to learn the thing that you desire to learn. The top thing that I would suggest you learn is personal finance…but you already took the first step by reading my blog – wohoo!! Then, start learning about what will make you happy and what will make you money. Now, you might come across a situation where you can’t find something that matches both, at that point, you must decide what is more important to you. Another option would be to go for the money for the time being and once you are financially free, you can move to the thing that you love that might not make you a lot of money. Regardless, learning is one of the most important investments you can make but the thing is… it’s not one and done. Learning is a lifelong journey for the successful individuals; each day should be spent on personal development. Over time, the knowledge compounds, and you will be speaking and thinking with a great breadth of knowledge.
- Health and Wellness – A healthy mind and body is just as important as being financially stable. What is the point of having all of this money if you can’t enjoy it because you are unhealthy? Exercising daily is a great stress reliever and obviously has so many health benefits, not only to the body but to the mind as well. Your mental health is just as important, make sure that you mediate or pray (whichever is best for you and your beliefs) and just take some time to declutter your mind from the world. Your productivity would increase since there is nothing in your mind that could distract you from the grind. Another big part to health and wellness is your diet… it isn’t as hard as you might think. Make sure to eat heart and mind healthy foods, and foods that will leave you being happy and not like you want to take a nap right after. You can still indulge in foods that you like that aren’t that healthy…like Chick-Fil-a (calories from this place don’t actually count). The most important thing is to not overindulge to the point where it not only harms your health but also your financial plan. The main point is to invest in your mind, body, and spirit so that you are healthy, and able to enjoy the money that you are working hard on getting. Don’t forget that being heart and mind healthy will greatly improve your productivity!
- Travel – Mr. Nahas, I thought you said that we should try to save as much money as we can? Yes, you are completely right! I would suggest traveling only after you are financially stable and only if don’t have any debt (A little amount of debt is okay, but credit card debt should be eliminated before thinking about a vacation). The last thing you want is to go on vacation and get into debt again; you have to be smart about taking a vacation. Make sure that you can afford the vacation without getting into debt and make sure that you can keep up with your regular investment habits. Traveling is my favorite thing to do, visiting new places, learning about the cultural, and just letting my mind wander and rest for a little. It is important to take a small break from the grind once in a while, so you can come back to the grind hungry and ready to keep putting in work. You also never know; you could find some sort of inspiration while you travel or a new idea that you can use. Just remember to be smart about traveling!
This isn’t an all-inclusive list of all the things that make up good self-investment ideas. Feel free to use any others at your discretion but be smart about it. A Louis Vuitton bag isn’t considered an investment in yourself. Material things such as clothes, cars, jewelry, etc. aren’t considered self-investments in my opinion just because you don’t get any true value from it. Material things don’t teach me anything, they don’t improve my health, or they don’t improve my life in a meaningful way. Anything that does not improve my life in a meaningful way are not good self-investments in my opinion. Investing in yourself should help your overall goal and help you become financially free. That’s why it is important to learn a lot, be healthy, and take a break once in a while to clear you mind, so in the end, you can come back even more productive and ready to grind once more. Just remember to invest in yourself in an intelligent way, a way that will meaningfully improve your life and help you achieve your goals.