There are many forms of investing in this world, and yet the majority of the people miss the greatest investment they can possibly make - A Dollar Spent Investing In Themselves! I have come to be a firm believer that by investing in myself I am much better equiped to live the life I desire. While I spent many years following the traditional model of putting 10% of my income away in a safe and secure RRSP (essentially a savings account that has provided little if any return over the last 15 years), I now understand that the best way for my value to increase is to invest in myself. That can include any number of things such as personal development, financial education, coaching, mentoring associations etc. Many people are shocked when they learn that my wife and I have spent as much on our educations outside of the regular college and university systems as they do on cars, or even houses! While I have spent money on courses that I have yet to apply the lessons, I certainly don't feel that it was wasted investment. I still have the knowledge, and noone can take that away from me.
It is through investing in myself, that I have learned how to make my money work for me. I spent enough time learning that working for money wasn't the answer to achieving my goals. Now I recognize that by having my money work for me, I'm no longer a slave to some one else's plan.
So take a look at what you invest in and ask yourself if you're happy with the returns. Maybe you could look at investing in yourself first to improve your rate of return.
Wednesday, December 16, 2009
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