4 MAIN REASONS WHY I CHOSE TO INVEST IN MYSELF
Updated: May 3, 2022
A Cause to Invest
One important tip I can give you is to invest in yourself. It’s a lot beneficial and you gain a better perspective. Instead of spending money on a name brand, you SHOULD buy a share of that name brand. Don’t just consume, start OWNING. If you look up the word Investing, it means to spend money with the expectation of achieving profit or material result by putting into financial plans, shares, or property. We are not taught how to utilize our money. I wish I knew this growing up.
Just like most people, I grew up learning the norm to live the American Dream. Finish high school, go to college, get a good secure job with great benefits and retire at the age of 60-65 just to live off of retirement. That doesn’t sound like the American Dream to me. All I knew was that I didn’t want to work for someone else for the rest of my life. Ever since I’ve entered the real world I’ve always wondered why I didn’t learn about taxes and finances in school. I’ve come to realize that even our teachers didn't know how to teach about taxes or finances because it was never taught to them. It is important to invest in yourself because it could actually leverage your life. I started investing in myself and I started training my mind to not work for money. So, I started researching a lot about how to make passive income (or residual income). Passive income is making money without trading your time or earnings from a rental property, limited partnership, or other business in which a person is not actively involved. Eventually, I will start making passive income. It's something I can’t get out of my mind, it’s heavy on my heart and something I'm striving for. You should strive for this as well.
Financial Intelligence is the Root of all Good things
Before I could take that step to making passive income, I needed to learn what the wealthy do. I needed financial intelligence. You may be thinking what is Financial Intelligence? Financial Intelligence is the knowledge and education of finances. One of my favorite books that talks a lot about the importance of financial intelligence is Robert Kiyosaki’s Increasing your Financial IQ (if you haven’t read it, you should check it out). In the book he points out that the better your Financial IQ or financial intelligence, the better you are with money. Whether you want to be an entrepreneur or not, it’s never too late to become financially literate.
Being financially intelligent is powerful because you are able to have control over your finances and your life. One of the main things I learned was to invest in myself. Here are the four main reasons why I choose to invest in myself and why you should too:
My Main Reasons:
1. To Increase my Income
Investing has its advantages, the more you invest in yourself or the more you put into yourself the more you will get out. I thought about people like Jeff Bezos, Bill Gates, and Warren Buffet; these guys invested a lot in themselves and they are the richest people in the world. I set a goal for this year of how much I wanted to invest in myself per month and then I set a goal for the end of the year of how much I wanted to make. Regardless of the outcome, I will continue to aim for the stars no matter how what. You should set an income goal that you want to make. Even if it seems impossible to strive, it's a start.
2. To Better my Future
The reason I also invest is so that I can have time freedom, no financial burdens, and to enjoy life. I want to be able to have time to travel and spend more time with my loved ones. I'm quite sure you want the same things as well. And it can happen if you believe and achieve. Life is not about working just to pay bills, life is about enjoyment and helping others along the way. I want to build a legacy not just for myself but for my family and friends, I want to build generational wealth. Proverbs 13:22 says ‘Good people leave an inheritance to their grandchildren (NLT). Life is all about being fruitful and multiplying. If you have a dream, vision, or desire for something, believe that you can achieve it. I see a better future for myself by doing great things and being out of debt, taking that vacation in a different country and being financially secure.
3. To Bet on Myself
I chose to bet on myself because I knew there is no one else that was going to invest in me unless I did. It is faith over fear, I'm the person that has to live within me. I knew that I wanted to change my situation. I bet on myself to dream BIG, to think BIG. Some may invest in you, if you are lucky; however, no one will invest in you like you. No one is not going to give you handouts or make you actively start on that dream or that vision. Betting on myself allowed me to step outside of my comfort zone and to be disciplined to work towards my purpose. There are trials and errors within this journey of investing, but I was able to learn so much along the way about myself.
4. To Build my Confidence
The more you educate yourself, the more confident you become. It goes back to being financially intelligent. I strive to learn about how money can work for me everyday. Investing is the main reason why the rich keep getting richer. The rich keep getting richer because they are educated about money and how it works. They are much confident on how to have control over their finances. The more I study on how money works, the more confident I am on how I can invest my money. If you ever want to increase your financially intelligence or IQ, you could take courses, read books, and do research. The more you know how finances work, the more knowledgeable and educated you will become.
These are the reasons why I invest in myself. After all, self education was a better advantage for me than school education. Investing can be risky, however, life is already risky within itself. I rather go all out and take risks than to live a life of mediocrity. Always remember that what you put in, is what you will receive out of it plus more. If you would like to know more about my journey of investing and what steps I took to start investing in myself, Subscribe to my email list and I will share my journey with you. Now, that you read about the 4 reasons why I invest in myself, I have a few questions for you. If you don’t invest in yourself already, what is holding you back? Why or why notinvest in yourself?
We only have one life, how do you want it to be well spent?
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