Investing in Yourself
Posted by gtong on February 2nd, 2010
What do you think of when you hear the word investing? Stocks? While investing can have to do with stocks, you can invest in different things as well using time, money, or effort. While stocks can offer high potential, they also come with a high amount of risk as well. But why invest in a publicly traded company when you can invest in yourself?
Education: Whether it’s getting your GED, continuing education, or learning something for fun, building your knowledge not only helps improve yourself, it can help you leverage a better job, position, and pay.
Your Home: It might take you a while to pay off a mortgage, but when you do, you’ll be ending up with a house. Your home’s value is never static, you can add improvements onto it and the housing market can affect it as well. In the end, you’ll own a home of your own.
Individual Retirement Account (IRA): There’s been a lot of talk about Roth IRAs. It’s always a wise decision to invest in your future. You might not be able to see the benefits until you retire, but you’ll be able to retire with some extra cash in your pockets.
401k: Another option for a retirement account. These are usually sponsored by your employer with specific details. You’ll be depositing your money into the account, and you should take full advantage of the matching policy if there is one (it’s free money!).
Therapy: Investing in yourself doesn’t always get you something tangible in return. Being in good physical and mental health will prepare you for life. It is truly investing in you.
How do you invest in yourself?
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