What comes in to your mind when you mention the word investing? Do you think of putting your money in insurance, mutual funds, the stock market or even highyield investments? Does it make you think you need to learn how to invest in stocks or real estate?
The word invest is defined by Webster as 1 : to commit (money) in order to earn a financial return 2 : to make use of (anything) for future benefits or advantages.
Some people think about financial investing only when they are about to retire and they have nothing for retirement, or when they are about to die and they havent left anything for their children.
Others shudder when they hear the word invest, claiming that they have no money to invest or they feel that is too complicated a subject to even think about, and they are sure they will suffer financial loss.
Many people invest heavily in health supplements, personal trainers and beauticians to make themselves live longer, healthier lives or even to look younger. Just look at the advertising budget for beauty aids and even plastic surgeons!
All these are legitimate concerns when it comes to investing, but I am talking about the most important investment a person can make in his lifetime
Invest in Yourself. The most important and No.1 rule is Invest in Yourself if you do not, who else will?
Your parents will invest in your education only until you leave college and that does not teach you important lessons about financial education.
Think about this: would you depend on colleges or universities to teach you how to make money? Most colleges only teach you skills so you can earn money working for other people. How about business school? Honestly, if business lecturers are such experts at business, why are they still lecturing there instead of making a fortune in business ventures?
Would your boss teach you how to succeed in business so that one day, you will be in his position? You, and only you, have to be proactive enough to take that responsibility. No, he knows that the easiest way for him to make money is to keep you where you are.
You see, when you invest in yourself, it means taking on the importance of educating yourself. Education not in the academic or technical sense, though those are necessary skills to be developed in life. But your education doesnt stop at college.
For most working adults, their education enters retardation stage as soon as they leave college. They stop learning and therefore they stop growing. They only grow sideways from eating too much pizzas or takeout during their busy lunch breaks.
We know that IQ is important, right? But why arent the most intelligent people in the world the richest people in the world? There are many accountants and financial planners rushing to their cars every evening trying to beat the after work traffic congestions! They are not rich! They may be well off, but they are not rich!
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