Invest In Yourself For The Highest ROI
Investing in yourself is the most profitable investment you can make. This not only gives future returns, but also current profits. The surest way to achieve a better quality of life, to be successful, to be productive and satisfied is to prioritize personal growth. The effort you put into improving yourself plays an important role in determining the quality of your life today and tomorrow. You are your number one asset, above all else.
So how do you invest in yourself?
1. Heritage plan
You wouldn’t want to wander aimlessly without a proper strategy planned for your finances. If you want to have any chance of living a successful life, you must first have a plan. Creating a plan will help you start to think about your money or its lack and focus on the financial problems you are having.
You can start this by implementing a 3 or 5 year action plan outlining your financial goals. Make sure it is clear, specific and flexible enough to change if unexpected circumstances arise. Review your plan every three to six months and plan something to do each day that will bring you closer to achieving your financial goals. Here’s an example if you want to buy your first home in three years:
If you stick to your 3 year plan with an Iron Will, you have a chance to win RM 50,273 in total! However, if you don’t plan at all, you’ll probably end up 3 years with no savings in sight.
Another effective way to invest in yourself is to educate yourself by acquiring a higher paper qualification or by collecting useful information that will propel you in life.
You must be prepared to invest in your personal development. The more paper qualification you have, the more you can earn. For example, a tutor with a bachelor’s degree earns on average over RM 4,000 per month, while a teacher with a master’s degree is likely to earn over RM 7,000 per month.
Apart from that, you can invest to educate yourself through:
a. Books / magazines
Investing in books and magazines allows you to tap into a reservoir of new ideas and solutions to life’s problems. The information changes every season and you need to make sure you keep up to date.
b. Conferences / Workshops
Take part in conferences or workshops related to your passion or to learn something completely new. Participation in such conferences or workshops opens up great opportunities for learning, exchange of ideas and networking. A conference or workshop can cost anywhere from RM700 to RM1,500 or more, but the take-home value of a knowledge-rich professional conference is invaluable and will pave the way for a better career.
Professional organizations, businesses, or icons love to teach others through webinars, also known as webinars. If you want to dive into real estate investing, it pays to watch a few “real estate webinars” run by individuals or organizations just to get a feel for what it is.
You can take that information and develop what you need from there. However, be specific with the information you are looking for. For example, if you plan to invest in condominiums only, you can start reading up on the topic, speak to licensed real estate agents, and start tracking and comparing property prices online.
The same goes for anything you want to know.
re. Local community / group / forum
Instead of using sites like Facebook or LinkedIn just to see what your old high school friends are up to, use them to join groups. Find a like-minded community group such as real estate investing, start-ups, or businesses. Most members share common values and can connect you with other connections. They might even help you start a business that interests you.
In recent years, we can see that it has become more important for job seekers to have the right education, training and skills to advance in the labor market – whether for a new job or promotions. The competition is getting tougher every year and it is more and more crucial to be able to stand out.
It is important to invest in the professional development of your career. You will definitely see returns by investing in yourself to become better at your field. You should consider the skills that will help you reach the next two stages (at least) of your career. Spend time evaluating your career from where you are and where you want to go. You can invest in your career by:
Take advantage of the various in-house training opportunities offered by your employers. If this is not the case, subcontract the training opportunities claimed by the HDRF in professional organizations and higher education establishments.
b. Certification / exam
Find a relevant professional certification program at your local institutions. Certifications are generally shorter and cheaper than degree programs. Or you can take professional exams and get a better qualification.
Develop a LinkedIn profile or create a professional website or blog that will help you showcase your accomplishments, skills, and abilities – and advance your career. Branding also includes perspective management, such as dressing for the situation and position. The next time you see that pair of shoes that you think might make you look for a sales pitch, go for it! Only if you are sure of the return on your investment, of course!
Focus on maintaining and building a professional network within your business and industry. Building a valuable network will provide you with many professional benefits. You may find a mentor in your field who can offer advice and guidance in your career development and direction, sometimes even directing you towards a promotion or a new job opportunity.
e. New language
By acquiring a new language, you open up opportunities to work abroad or even consider a career change, such as a translator for delegates.
If you don’t invest in your health and well-being yourself, no one will or in fact can. Join a local gym or your neighborhood yoga or tai chi community. If you are looking for more, you can always find a cheaper or free one somewhere. Not only will you be investing in your health, but you will have plenty of opportunities to meet other people who might be into similar things to you. Investing in your health can go a long way, especially with the rising cost of health care. Only if you are healthy can you invest in something else.
Investing in things like health insurance means you pay a little bit regularly to avoid getting hit with a monstrous bill if you get really sick.
The more you invest in yourself, the higher the current and future dividends. By investing in yourself, your greatest asset, you also increase your self-confidence, you have an additional advantage in your field and a better control of your future, your brand image and your career.
This article was first published on December 11, 2014 and has been updated for freshness, accuracy, and completeness.
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