Investing in yourself means you are putting time, money, and other resources into better your current life and also your future. Instead of primarily just focusing on material things, you instead look for opportunities and assets that will raise your knowledge that can make huge impacts for you.
The goal is that you are always improving and building a better life for yourself and your family. By investing in yourself first, you can see an impact on your finances, career, hobbies, and just overall happiness.
Why is it important to invest in yourself?
When you are Investing in yourself, you start to acquire knowledge and other various skills that will greatly impact the ROI on anything you pursue. It’s important because it helps you diversify your knowledge, improves decision making, helps you be more prepared financially, maximizes your career or business choices, and more.
Learning should never end, especially with personal finance and investing your money.
1. Invest Your Time
If you want to succeed in finances, money, and investing you first have to understand how to invest your time. Time is limited and what you do with it and you manage it is critical.
By not understanding how to best organize your time for maximum ROI, you may be wasting your efforts on things that add little to no value. So many people want to be rich overnight, think having a $1,000,000 retirement portfolio is impossible to achieve, or figure that learning about investing is just too hard.
Those are pretty common among a lot of people I know, but it’s because they do not understand how to invest their time.
2. Invest in Knowledge
Learn to invest in your knowledge, what books or blogs to read, and improve your mind. Even if you become quite the expert in something, still read or listen to others in the field.
For example, I often re-read most personal finance books that I have consumed. Even though must of it I now understand, there always seems to be a nugget of information I missed. And if anything, the insights are good reminders too.
3. Invest in Your Physical Health
If you want to be around to enjoy financial freedom and see the results of your investments come together, your physical health is very important. This means exercise, eat well, have routine doctor visits, and generally pay attention to your body and what it might be telling you.
It’s easy to fall behind and out of a groove on this one, especially when life and family take up more time. But start investing in your physical health, as this can greatly affect your attitude and choices in financial investing too.
4. Invest in Your Emotional Health
Just as important as physical health, you should first be investing in your emotional health too. While working hard and learning are important for your future, none of it matters if your emotional state is in distress.
This means while you want to invest in your time, knowledge, and physical health, you also need to relax, reduce stress, and find some “you” time. Get the proper sleep, take a step back if you feel overwhelmed, meditate, anything that can help you find a balance. Find a routine that works for you and lets you find inner peace.
Emotions also play a big role in decisions you make financially (especially investing in the stock market) and by not having clarity, it can lead to some pretty rash and poor money decisions.