5 Powerful Ways to Invest in Yourself | MoneyCrush (2024)

November 16, 2016Jackie

5 Powerful Ways to Invest in Yourself | MoneyCrush (1)You’ll hear it said that the best investment you can make isn’t in stocks or bonds. Instead, it’s in yourself. But have you thought about what it really means to invest in yourself? I’ll give you a hint: It’s not about the money.

Most people think that “invest on yourself” is really just another way of saying “go back to school and get a degree” or “spend money on a conference”. And while you could do those things, investing in yourself is not about spending money or taking classes per se.

Instead, it’s about taking a look at your life to see what areas you could be doing better in and/or at areas you’d just plain old like to explore, and then taking the time to do so. And that’s not limited to formal education by any means. Here are 5 powerful ways to invest in yourself.

1. Daydream a little.

Start by daydreaming a little. What have you always wanted to try? Now’s the time to go schedule exactly that — whatever it is. Skydive, get up a half hour early every day to write that Great American Novel, visit a local attraction that you’ve always been curious about but never stopped in at — whatever.

Taking the time to do something that you’ve always wanted to do is a way of showing yourself that YOU are important. You’ll feel more energetic and just better in general. Like that old commercial says, you’re worth it.

2. Learn a new skill.

Yes, this could involve taking a class. (Why did I wait decades to finally start learning oil painting?) But it could also mean reading up on a subject using books from the library, or downloading a French podcast and practicing every day. Or it could mean joining a knitting club for beginners, and learning together in a group. Heck, it could even mean actively trying to improve your score in the latest smart phone game craze.

The point is to do something new that takes practice and effort. Exercising your brain helps keep it sharp, and makes life a whole lot more interesting.

3. Get over an old stumbling block.

We all have things that are holding us back, keeping us from being the people we really could be if we worked through an issue. Maybe you worry all the time, or are incredibly shy but long to have friends. Or maybe your checking account is constantly overdrawn and you and your spouse are always fighting about money.

It’s time for a change. Get counseling, get therapy, get whatever it takes to get over that old stumbling block and move past it. It’s one investment that will be WELL worth it.

4. Make healthy habits.

Eat well, get enough sleep (no burning the candle at both ends!), and exercise daily (for example, by taking a daily walk.) Healthy habits give you the energy to DO the things you want to do, rather than being run down and sick. There’s nothing like literally taking care of yourself to improve the quality of your life.

5. Give yourself a break.

Finally, one of the most overlooked ways to invest in yourself is to just plain old give yourself a break. If you’re so over-scheduled that you’re constantly stressed out from rushing here and there, cancel something. You (and your family members) do NOT need to do everything. No one will be scarred for life if they aren’t busy every single moment. We all need breaks, and you are no exception. Massages and stuff are great, but simply doing nothing is an awesome break too. When was the last time you scheduled a do-nothing day?

So go ahead, pick at least one way to invest in yourself, and get started today. What will you do?

2 comments

  • December 18, 2016 at 9:58 pm

    Great advice Jackie..!!

    I think I would go for learning a new skill. Developing a new skill can increase our creativity which in return can help us to grow personally and professionally.

    Also, I think a great way to invest in yourself is by writing your goals and see if it has helped you work more purposefully and effectively. Explore yourself – your strengths, weakness and try to improve yourself and always try to be thankful and happy.

  • Valerie

    December 28, 2016 at 6:53 am

    Thank you so much for this much needed inspiration. I am going to start by day dreaming and journalling what I day dream about and I am also going to make this the year I eat right. I am overweight and I still have energy and do a lot but if I invest in my health I will be able to do so much more.Not in terms of being busy but in terms of being the best version of myself that I can be. I haven’t been that person in a long, long time.

5 Powerful Ways to Invest in Yourself | MoneyCrush (2024)

FAQs

What is the best way to invest in yourself? ›

20 Best Ways to Invest in Yourself
  1. TAKE RESPONSIBILITY FOR YOUR OWN LIFE. Now, pay attention. ...
  2. SET S.M.A.R.T. GOALS. ...
  3. LEARN HOW MONEY WORK. ...
  4. TAKE CARE OF YOUR PHYSICAL HEALTH. ...
  5. TAKE CARE OF YOUR EMOTIONAL HEALTH. ...
  6. CONSTANTLY IMPROVE YOUR PROFESSIONAL SKILLS. ...
  7. LEARN SOMETHING NEW. ...
  8. SPEND WISELY.

What are 5 ways to invest? ›

5 of the Best Ways to Invest Money
  • A balanced fund.
  • A target-date fund.
  • Total market index funds.
  • The three-fund portfolio.
  • A custom-fit portfolio.
Jan 30, 2024

How do I invest money myself? ›

Investing money is personal
  1. Identify your financial goal and when you want to achieve that goal.
  2. Decide if you wish to manage your money yourself or work with a service that does it for you.
  3. Pick the type of investment account you'll use.
  4. Open an account.
  5. Choose your investments.
Apr 12, 2024

What is the greatest investment that you can make in yourself? ›

Essentially, Buffett believes we must invest substantial time, energy, and effort in developing our talents and skills if we want to succeed. We must bet on ourselves by constantly working to improve - that's how we become too good to be ignored.

How to emotionally invest in yourself? ›

Here are 12 great ways you can invest in yourself in the New Year:
  1. Embrace lifelong learning.
  2. Prioritize your mental health.
  3. Set goals.
  4. Find a mentor.
  5. Start a journal.
  6. Practice gratitude.
  7. Break a bad habit.
  8. Get organized.

How to invest in your spiritual life? ›

The following five points are ways to invest in your spiritual growth this year.
  1. Go Deeper in Your Bible Study. Most Christians know they should read God's Word. ...
  2. Freshen Your Prayer Life. ...
  3. Read a Spiritual Classic or Missionary Biography. ...
  4. Find an Outlet to Serve Others. ...
  5. Share the Gospel.

What are the 5 golden rules of investing? ›

The golden rules of investing
  • If you can't afford to invest yet, don't. It's true that starting to invest early can give your investments more time to grow over the long term. ...
  • Set your investment expectations. ...
  • Understand your investment. ...
  • Diversify. ...
  • Take a long-term view. ...
  • Keep on top of your investments.

How to double 50k? ›

  1. Open a brokerage account.
  2. Invest in an IRA.
  3. Contribute to an HSA.
  4. Look into a savings account or CD.
  5. Buy mutual funds.
  6. Check out exchange-traded funds.
  7. Purchase I bonds.
  8. Hire a financial planner.
Nov 29, 2023

How to invest smartly? ›

Tips for Smart Investing
  1. Don't Delay Current Section,
  2. Asset Allocation.
  3. Diversify Your Portfolio.
  4. Rebalance Periodically.
  5. Keep an Eye on Fees.
  6. Consider Tax-Loss Harvesting.
  7. Simplify Your Investing.
  8. Key Takeaways.

How to invest for beginners? ›

Let's break it all down—no nonsense.
  1. Step 1: Figure out what you're investing for. ...
  2. Step 2: Choose an account type. ...
  3. Step 3: Open the account and put money in it. ...
  4. Step 4: Pick investments. ...
  5. Step 5: Buy the investments. ...
  6. Step 6: Relax (but also keep tabs on your investments)

How to invest in your mental health? ›

Here are some ways that you can invest in your mental health :
  1. By limiting negative and toxic things that bring you down such as social media. ...
  2. Reach out and cultivate a support system that is positive and mindful. ...
  3. Learn to commit to healthy rituals and make them a habit. ...
  4. Be aware of your resources.
Sep 9, 2022

Why is investing in yourself so powerful? ›

Investing in ourselves means dedicating time, effort, and resources towards our personal growth, development, and well-being. It is about recognising the value we bring to our own lives and understanding that by investing in ourselves, we can make a positive impact on our overall happiness and success.

What is the most successful thing to invest in? ›

Bankrate's AdvisorMatch can connect you to a CFP® professional to help you achieve your financial goals.
  • Bond funds. ...
  • Dividend stocks. ...
  • Value stocks. ...
  • Target-date funds. ...
  • Real estate. ...
  • Small-cap stocks. ...
  • Robo-advisor portfolio. ...
  • Roth IRA. Overview: A Roth IRA might be the single best retirement account around.

What is the simplest investment? ›

Cash. A cash bank deposit is the simplest, most easily understandable investment asset—and the safest. It not only gives investors precise knowledge of the interest that they'll earn but also guarantees that they'll get their capital back.

How to invest $1,000 wisely? ›

Here are eight of the best ways to invest $1,000 to help grow your money over time.
  1. Pay down high-interest debt. ...
  2. Build an emergency fund. ...
  3. Stash your money in a high-yield savings account. ...
  4. Put your cash in a certificate of deposit (CD) ...
  5. Contribute to an individual retirement account (IRA) ...
  6. Get your 401(k) employer match.
Mar 7, 2024

What is the simplest thing to invest in? ›

7 easy ways to start investing with little money
  • Workplace retirement account. If your investing goal is retirement, you can take part in an employer-sponsored retirement plan. ...
  • IRA retirement account. ...
  • Purchase fractional shares of stock. ...
  • Index funds and ETFs. ...
  • Savings bonds. ...
  • Certificate of Deposit (CD)
Jan 22, 2024

What is the best way to invest in stocks yourself? ›

One of the easiest ways is to open an online brokerage account and buy stocks or stock funds. If you're not comfortable with that, you can work with a professional to manage your portfolio, often for a reasonable fee. Either way, you can invest in stock online at little cost.

What is the best gift you can give to yourself is to invest in yourself? ›

The best gift you can give to yourself is to invest in yourself. Invest time and energy in your well being. Create an atmosphere of emotional safety for yourself. Doing what we love, investing in ourselves pays off.

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