I’m always preaching how important investing in yourself is.
So I decided to back it up by sharing with you that I don’t just preach it, I do it.
The number $40,000 isn’t to brag or boast by any means.
It’s a lot of money. It’s more than most people make in a year. So I understand it’s a risk.
Here are the facts: I’m on pace to more than double that in the next 6 months to a year.
But here’s the thing: Even if I made zero of it back, I don’t regret it in the least.
The reason is because as much as the investment could potentially be a loss, I learned so much.
I learned a hell of a lot more than if I hadn’t made the investment at all and that experience will pay dividends in the years to come.
If you’re curious what I invested in, here goes:
- I invested in a Linkedin Coach.
- I invested in a media company who shot videos of me.
- I invested in a P.R. firm (which didn’t work out at all).
- I invested in a person coach.
I learned a ton from each one of these. I learned as much about things I DON’T want as the things I do.
And if you want to use an example of a typical “investment” return let’s look at the stock market.
If you’re lucky, you’ll earn 10% in a year investing in the overall market. So if I invested 40K I’d be lucky to have 44K at the end of the year.
In this example? I could very well be looking at a 6 figure number in 2021. Do the math. We’re talking well over a 100% return.
Does this work for everyone?
Am I guaranteeing that if you go out and spend 40K you’ll make it all back?
Of course not. I’d be a fool to do so.
But I will say this.
Investing in yourself THE RIGHT WAY can yield tremendous dividends.
Which is to say you’ve got to be very careful where you place your hard earned money.
So whether it’s 40 grand or even 40 bucks, take each investment seriously.
Need help investing in yourself? Reach out to me.