Dear reader, Welcome back! Hope you gained basic knowledge on investment strategies from the last post. If you haven’t checked it click the below link, otherwise keep reading on how to invest in yourself.
Click here to read on Basic investment strategies: Lets Multiply! Not just Numbers but real money$ – SimplyRead
Thanks for reading my last blog. Apart from financial investments, investing in self is very important. Of course, investing in yourself can also multiply your money in the form of earnings. This article is going to be filled with some life hacks to improvise ourselves.
First, Financial Investing needs money and money needs to be earned by doing a job for an organization or becoming an entrepreneur/freelancer. For this, self-development is the key. Therefore, let’s discuss how to “Invest in YourSelf” in this article.
Never Bumfuzzle! SimplyRead will help. Because Here things are so simple!
THE RIGHT MINDSET:
Mindset is nothing but how we face and act upon the happenings in our life. Let’s take up an example that is commonly used for explaining mindset.
Example: Consider there is a glass containing 50% of water and the remaining is empty. There will be two kinds of mindset in this scenario
- A person says the glass is half empty. This is a negative mindset (Pessimism)
- Another person says the glass is half-filled. This is a positive mindset (Optimism)
One should have a positive mindset to perceive the worst things. Ignore statements such as “Why its always happening only for me?”, “I’m unlucky” and so on. Negativity is all around us and can try to dominate the positive attitude, which happens by nature. While making a decision, one should think about the positive side instead of looking only at the negative side. “Hope for the best, Prepare for the worst!”
SKILLSET ENHANCEMENT
Skillset enhancement can be described as improving the skills which can transform one from better to best. Everyone should update their skills by updating them to the latest trends to be consistent at their job/business. Investing money for learning a new skill is undeniable. Learn new skills, and implement and monetize them. Use the credit cards to spend on learning new skills instead of buying luxurious things which are of no use. In this digital world, the resources to learn are enormous. We have many learning platforms namely Udemy, Coursera, Youtube, Podcast, books, etc., which will teach you amazing skills. As said previously, learn-implement-monetize.
HAVE A MENTOR
“Better than a thousand days of diligent study is one day with a great mentor “
Remember in college days there will a friend in every group who will teach the subject to his/her peers at the last minute and makes everyone clear the exam. Likewise, for learning a new skill it’s better to have a mentor besides a learning course. Choose a mentor who is experienced and worked upon the desired skill. Make a regular conversation or meeting with the mentor to know your progress in learning.
TIME AND TIDE WAIT FOR NONE
Find a good time every day for learning. Preparing regularly makes a habit and will help to be on track without losing progress. Allocating time doesn’t mean sacrificing the fun parts, friends get-togethers, etc., Partying in the 20s would be more fun than in the 50s. But it’s up to one’s goal and time management. Consistent learning and perseverance matter a lot. As discussed earlier, maintaining a regular conversation with a mentor makes the learning more coherent.
THE POWER OF COMPOUNDING
This is my favorite technique in financial investment as well as learning new skills. The power of compounding can be explained as growing your learning/earning exponentially. Improving 1% every day makes a major difference in the long run. Here is the famous saying from James in Atomic Habits book.
“If you can get 1% better each day, the green arrow confirms you’ll end up almost 38 times better by the end of the year”
Following is the graph illustrating how a micro change can make a big difference.
WHAT INTERESTS YOU?
Here comes the toughest part to finding our interest which keeps us going. Very few people find their interests and become successful. Here are some of the pro tips you can follow
- Investigate the past– Travel back to school days/college days and think about what made you smile and when people cheered you up.
- Take enough time to explore – Read books, Spend time on youtube, online courses, articles, and speak with experts which helps you to get knowledge.
- Try it out (The Golden Rule)- Only exploring things won’t help quickly. Instead, Give it a try! (Ex: If you think you can write well, start a blog! There are free sites available to try it out.)
“Riding a roller coaster is more thrilling than watching it”
SimplyRead
HEALTH IS WEALTH
Last but not least, Self-care is the most important than anything in the world. Listen to your body and follow what it says. Investing in yourself wouldn’t make sense without self-care. Spend money on good food, a balanced diet, gymnasium, and personal hygiene so that no regrets in future with health issues. Limit yourself to unwanted content on social media and get a good sleep.
TO WRAP THINGS UP
I believe you are enlightened on investing in self and how it differs from other modes of investments significantly. Never forget, “Learning is Earning!”.
Design your skeleton key and unlock your potential!
If you need help in designing your skeleton key, Let me know in the comments section. Thanks for reading!
Good read. Appreciate the work
Hey Balaji,
Glad that you liked it! Thanks.