Invest In Yourself: 20 Self-investment Ideas - Boss Of My Money

Invest In Yourself: 20 Self-investment Ideas

Categorised as Financial Wellness
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The best investments are the ones you make in yourself. Hence, why is investing in yourself is a good thing!

Investing is often associated with the stock market, business, or other people. On the offset, it may seem self-centred, but it is not. The truth is that no one else will if you don’t.

Not only does investing in yourself improve your quality of life, but it also benefits those around you and society as a whole.

Investing in yourself pays the highest return of any good investment you will make

Your needs change as you age and go through lifecycles, so investing in yourself becomes a lifelong learning process

Many people nowadays struggle to find time to invest in themselves, especially with how busy people have become

Investing in oneself is still seen as costly. While this is true, you should not put off investing in yourself because of a lack of funds.

There are inexpensive ways you can invest in yourself that cost no or little money. Read on or watch the video below to find out more.

How to invest in yourself

It’s super easy to invest in yourself. There is so much you can do in your spare time to take charge of your own life.

Getting up early morning to work on your health, mindset, career, or business is a good example.

Investing in yourself first thing in the morning is a great way to start the day.

Even if you don’t like getting up early or don’t have much time to invest, there are simple things you can do to invest in yourself, which I will share in this article.

What does it take to invest in yourself?

Investing in yourself requires you to step out of your comfort zone. Your ability to set goals and be deliberate about achieving them is critical to your success.

Don’t put off investing in yourself until the new year. Make a bucket list of the positive changes you want to make in your life to become a better version of yourself.

Now that you know why investing in yourself is a good idea, you’re probably wondering how to go about doing it.

While there are numerous ways to invest in yourself, keep in mind that it’s critical to focus on the areas that are important to you and are in line with your overall life goals and purpose.

20 Easy things to invest in yourself

1. Taking online classes

There are both paid and free online courses or classes available to help you advance in your chosen field.

2. Reading a new book

Make time for reading and mental development by picking up a new book. Don’t limit yourself to books about your career, business, or personal development. Read books about culture, animals, the environment, food, and plants, among other topics. Increasing your knowledge base is beneficial for generating conversation starters and gaining a broader perspective on life and new experiences through books. You can find an endless selection of books on amazon.

3. Listening to audiobooks

If you’re like me and fall asleep while reading a physical book, audiobooks are a great alternative. There are a lot of audiobooks to choose from on Audible.

4. Investing in people who invest in you

Taking the time to reinvest in those who invest in us is a wonderful way to express gratitude.

5. Investing in a good business coach

If you’re thinking about starting a business or already have one, a good business coach can help you get clarity on your business idea, get your business off to a good start, and grow and scale for profit.

6. Examining your current skills and thinking about what new skills you can learn

Each of us has our own set of skills. Your skill set may be similar to everyone else’s, but investing in how to stand out will help you earn more and build your personal brand.

7. Improving your communication skills

The ability to communicate effectively can mean the difference between winning and losing a deal. Being able to communicate effectively with your friends, family, colleagues, or coworkers is a great way to build stronger connections with people.

8. Starting a side hustle or a small business

You can’t build wealth with just one source of income in this day and age. Therefore, consider adding a side hustle or starting a small business from home in your spare time to supplement your income. Here are 30 small business ideas from home to help you get inspired. Not all side hustles start with passion. You could be good at solving a particular problem just to make an income and build a type of business you can sell later and then start your passion. Either way, side hustles and having a small business are essential for building long-lasting generational wealth.

9. Learning how to use social media to grow your business

Did you know that social media is a free marketing tool that can assist you in growing your business and attracting new customers? Learning how to use the LinkedIn, Facebook, and Instagram platforms could help your company grow. This course helped me to learn S.O.S Selling On Social. I highly recommend it to anyone who wants to learn how to use free social media marketing tools to sell their services and products.

10. Taking care of your physical health

Is an excellent investment in yourself. Developing a daily exercise habit, whether at home, in a park, or at a gym is important. Why? Because you are your most valuable asset. So, if you paid for a gym membership, make sure you use it. Make time and investment in your mental health. Look after your emotional health in addition to your physical health. Your overall health will enable you to perform at your best while also having a positive impact on your life.

11. Having adequate health and life insurance

I understand that no one wants to talk about getting sick or dying. However, how will you pay your bills if something happens to you and you are unable to work? Also, how would it affect your loved ones financially if something happened to you? It’s a great way to invest in yourself to have affordable health insurance and appropriate life insurance.

12. Invest in your financial goals

It’s all too easy to set objectives and then forget about them. Whether it’s due to a lack of time, procrastination, poor commitment, or inconsistency, achieving your goals is a crucial investment to make. Working with a financial planner is a great way to ensure you stick to your financial goals. Making time to manage your personal finance is also critical to your overall well-being. To live a better life, you’ll need security and money. It could be for a vacation, a home purchase, or a wedding. While there is a wealth of free information available online, sitting down with a finance expert to help you identify gaps and provide a second set of eyes that is unique to your financial situation can be extremely beneficial. Working with a financial planner or a financial coach to help you reach your financial freedom goal is one of the best investments you will ever make in yourself. So, on that note, you’re going to book a session with me, right? I know, it’s a shameless plug! But I had to try!

13. Setting long-term goals

When it comes to objectives, thinking ahead is a great way to invest in your future self. You can do this by making a life plan for the next 5, 10, and 15 years. Break down your plan into action steps and key milestones once you have it. If you start investing for retirement or your children’s future now, you will be able to achieve your goals faster and benefit from compound interest.

14. Understanding real estate and how to become a homeowner or a property investor

When it comes to accumulating wealth, becoming a business owner or at the very least understanding how to generate additional income streams through various avenues such as real estate and property is a wise investment. This could include learning and mastering the skills of selecting a good property investment, retaining tenants if you rent a property, and converting one rental property into two or three, depending on your overall goals.

15. Understanding the stock market

Investing in the stock market can be intimidating. But you don’t understand how it works, so it feels that way. While you can learn to invest on your own, you can also work with financial professionals to assist you while you learn. Starting to invest is the best way to improve your investing skills. Your money will compound if you invest in the stock market. Investing is a fantastic way to build and maintain wealth over time. You can open an investment and trading account with Etoro to get started.

16. Getting a new job or a new career

Investing in yourself in order to obtain a new job takes time, preparation, and money. You may need to improve your skills or work harder to convince your boss that you are the right person for the job. You might decide that you’ve had enough of your current job and that it’s time to make a career path. If you want to stay relevant in the workforce, you must have clear career goals. Investing in a carrier coach or helping with your CV or updating your LinkedIn profile are great investments to make in yourself.

17. A better understanding of financial investments

As you may be aware, there are numerous options for investing your money. It’s a good use of your money and time to find out what investment options are available to you. Knowing how to diversify your investments, how taxes work, and how not to put all of your money in one place is an important part of long-term wealth building.

18. Getting a handle on time management

Time is a valuable commodity. Invest in tools that will help you better manage your time so you can spend it on the things that really matter. Some of you are skimping on a car purchase when you could save hours driving to work and spend that time with your family or expanding your business. Some of you spend hours cleaning your house and don’t do a good job when you could pay someone else to do a better job and give you back time to invest in yourself.

19. Higher education

Having a good education, as well as higher education, is essential. I know we talk about how you don’t need a college diploma to make money and have a good job, but I believe many professionals still need to learn from the ground up. For example, I prefer to see a doctor who has invested many years in his education rather than someone who learned about surgery from a 30-minute YouTube video or a friend who is a doctor.

20. Invest personally in your goals and dreams

Let’s face it, no one will invest more in your dreams than you. When it comes to your goals and dreams, your personal trainer, coach, boss, parents, and children should not be more invested than you. If you have to be dragged to improve your life quality, consider it a sign of self-sabotage. Even if your objectives are lofty, when those around you see how dedicated you are, they are more likely to encourage and support you on your path to success.

It’s a wrap

I hope this article has provided you with some useful and easy-to-understand suggestions for various ways you can invest in yourself. Keep in mind that you are your most valuable asset. Investing in yourself will provide you with not only peace of mind, overall happiness, and high quality of life, but it will also ensure that you are always striving to improve and become the most effective version of yourself