5 Ways to Invest in Yourself

by Miranda Marquit · 0 comments

Often, when we think of investing, we get hung up on individual equities, or trying to figure out how to make a real estate investment work. While these types of investments are important, and you really should start investing to grow your wealth over time, it’s also important to invest in yourself. Taking the time to develop your own skills and abilities, and teach yourself valuable lessons, can pay off in the long run.

Here are a few ways to make yourself more “valuable” as an “asset” so that you can maintain your human capital over time:

1. Learn How Money Works

This is about more than just understanding the fact that you need more income than outflow — although this is important. The real help is understanding how money works. Learn about interest, risk tolerance, and investing. Learn how to get your money to work for you, rather than always working for your money. Once you understand how money works, and how it can work on your behalf, you will be more likely to be successful in the long run.

2. Develop Soft Skills that are Transferable

One of the best ways to invest in yourself is to develop transferable soft skills. Soft skills like good communication, problem solving, and leadership can transfer across careers. You can also translate these soft skills into a side gig or full-blown business. Being able to transfer skills across career fields can make you valuable and marketable. Do your best to look for transferable skills so that you can be an asset no matter where you go.

3. Continue to Learn

Keep learning. Whether you work to acquire new skills, or whether you refine your abilities in an area of expertise, or whether you build up knowledge, it makes sense to continue learning. You don’t need to go back to college to keep learning, either. Read widely, and make it a point to consider opposing viewpoints. Continuous learning and critical thinking can help you solve problems with creativity, and it can help you get out of any number of jams with your money and your life.

4. Build Your Network

Don’t forget to build a network of people you can count on. Your relationships with others can be valuable, and make you a more valuable asset. You might be able to find a better job through your network. You network can also offer professional and personal opportunities to grow and develop. You might even find a business partner or opportunity through your network. Make it a point to offer value to those around you, and you will be investing in yourself and your future down the road.

5. Take Time to Recharge

Finally, it’s an investment in yourself to take time to recharge. Burnout can affect your career, your life, and your relationships. Make it a point to relax, and take time to yourself so that you can get good rest. Take care of your physical, mental, and emotional self so that you are better able to handle problems that come your way, and so that you can give your best in your endeavors.

Bonus Tip:

You can seriously cut your Internet and TV costs. Find a Verizon FiOS promotion code here and you might be able to spend less every month.

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