People often wonder, what is the best and secure investment to make with low risk and high profitability. Some might say investing in real estate or buying stocks of big companies like Apple, Google, etc.
Sure, investments like this come with benefits and security in the future. But what most people fail to understand is the power of self investment and its importance.
Investing in your personal and professional growth should be the first investment you make. It determines what quality of your life would be in the future no matter what situation comes.
What is Self Investment?
Self investment is not just about how much money we spent on ourselves, but it has a lot of meanings. Self investment is:
- Investing your time and energy in growing your mindset through meditating, reading, listening, or any other ways.
- Investing your time and money in improving your health through joining Gym, Yoga, buying healthy foods.
- Investing your time in learning a new skill, in your knowledge, education, and growth through coaching, courses, books.
The best investment one can ever make is to invest in your future by increasing your knowledge. Material things will come and go, but what remains with us is our knowledge, experience, and learnings. Even if you have to start all over again, you can do it anytime.
Reasons why investing in yourself can transform your life
“The best investment you can make is an investment in yourself… The more you learn, the more you earn.” – Warren Buffett
As we discussed there are plenty of ways you can do self investment no matter what stage of life you are at. To know all the types of self investments that you can make see below:
- New Skill
- Fitness and Health
- Cultivating new habits
- Reading books
- Starting new business or stream of income
- Spending time with yourself
You can make self investment with time and money which always brings benefits with no room for loss. Here are some benefits:
Investing in Yourself Gives You Greatest ROI
You might think that external investment is the only way to increase your wealth or grow your business. Investing in real estate, or hiring a digital marketing agency sure brings benefits but the greatest ROI comes through self investment.
Increase Your Self-Confidence
Once you gain knowledge and develop your mindset, you know you can combat any situation. You can have a higher level of confidence to deal with failure with patience and success with gratitude.
Broaden Your Perspective
Broadening your perspective gives you the ability to understand any problem from different angles, and know the whole picture of everything.
Personal and Professional Growth
The biggest result of investing in yourself is personal and professional growth. When you invest in learning marketing skills or leadership skills you will experience great transformation.
Financial and Mental Stability
Most of us invest the greatest resource we have, our time in someone else’s business, in growing someone else’s wealth. However, self investment brings the best out of you and a stable future.
How to Invest in Yourself in 2020
Everyone wants to improve their current situation and follow their dream or passion. Whether it is to start your own business, start a side-hustle, gain financial momentum, improve your health. You can do all, all you need is strong determination and self investment in the right direction.
Here are some ways to invest in yourself in 2020:
Join a course to learn a new skill
With the digitalization of the world, you will find an online course for every skill that you want to develop. Whether you want to start selling on amazon, start a side hustling as a freelancer, or even want to start an online course for yourself, just find the best course and all you need is to enroll yourself. A good course will take care of developing your skill and mindset.
Start a side hustle
Following your dream is the best thing you can ever do for yourself, but jumping right into it without building a solid foundation might not always be good.
If you want to leave your corporate job and start a new business. First, make time to learn all the skills needed for it, start side hustling to achieve financial stability, and then follow your dreams.
The following are some best side hustle ideas in 2020 that you can start and work on by making a little time every day or even only working on weekends.
- Affiliate marketing by starting a blog or youtube channel
- Virtual assistant
- Freelance writer
- Website developer
- Flipping products for profits
Start a new business venture
There are many people around the world who want to work for themselves and having a corporate job is not making them happy and satisfied.
We are in 2020 with so many opportunities around us, even with or without any budget. Being your own boss helps you live your life on your own terms if you want to travel and work, create multiple businesses, or spend more time with your family. You get to live a life with financial and personal stability.
Those who exercise regularly know what benefits it brings to one’s life, let’s look at some of these:
- Exercise helps to improve health conditions and the risk of many diseases.
- It improves brain function.
- It enhances the immune system.
- You feel happier.
- Increase your energy level and concentration.
- It improves sleep quality and gives you relaxation to your body and mind.
Reading a book or substantial article or spending all the time reading social media posts, what do you prefer?
If you want to bring positivity in your life then you should start investing your time in reading good books or articles.
Talking about the benefits of reading, it feeds your mind with knowledge. The more knowledge you have the more power you get to tackle any challenges in your wife.