It’s fun to discuss investment strategies because we often hear ridiculous stories on social media about how someone got lucky from a meme coin or because they bought real estate at the right time. We don’t hear about investing in yourself enough, and it’s a shame because the best investment you could make at any time is in yourself.
I would never dismiss investing in the stock market or real estate. These are all fine investments, but nothing beats investing in yourself, especially with all the current market volatility and uncertainty.
How can you invest in yourself right now? Let’s look at unique ways how to invest in yourself to get guaranteed returns…
1. Spend money on your health and energy levels.
This is rarely listed in articles about investing in yourself for some reason. You should start investing in your health as soon as your income increases. You want to ensure that you're looking and feeling your best. You can’t neglect your health when your income goes up because having money in the bank is pointless if you don’t even have the energy to enjoy it.
How can you invest in your health?
Spend the money on a gym membership. You want to be getting the best training to ensure that you actually get results from your workout program. Most people will skimp out on their training. You also want to join the best gym within your budget so that higher-quality people surround you, and you’re more likely to utilize the facility.
Eat better food. You want to ensure that you’re fueling your body correctly to have energy. You want to get quality nutrition so you can optimize your health.
Take the right supplements. I spend money on vitamin D, zinc, and magnesium to ensure my body runs at peak levels. There are other supplements that you can take and these are usually worth the money if they improve your productivity.
Occasional treats for your body. I’ll sometimes take the time to invest in a spa day where I’ll go for a sauna and cold plunge.
The point is to do whatever you can to always feel your best. You won’t be productive if you don’t have any energy. This investment in yourself is worth the money, and the ROI comes in the form of increased energy, leading to higher productivity and a better quality of life.
2. Pay for coaching, consulting, or some customized feedback.
There comes the point where you have to spend the money on quality help to get some direction. We all have to find someone or a group that holds us accountable.
If you want to speed up your journey in any field, you need to just pay for coaching so that you can learn from someone who has been there. You don’t want to waste time fumbling in the dark trying to figure things out on your own when you can just pay someone to teach you based on their experiences.
The following excerpt from Craig Ballantyne in “The Perfect Day Formula: How to Own the Day and Control Your Life” summarizes this idea best:
“A coach not only teaches us what to do, but holds us accountable for doing it. And that might be the most important role of all. You need professional accountability. You need to constantly check in with someone who can give you expert feedback and guide you to making better choices, building better habits, and getting better results.
Research supports this. A study from Stanford University found that being accountable to a professional (such as a doctor, nutritionist, or trainer) was significantly more effective for weight loss than being accountable to a non-expert.”
Whatever the cost, it’s usually worth it if you hire a reputable coach or join a mastermind where you’re going to be around others doing what you want to do.
3. Attend in-person events in your field.
One thing that will speed up your growth in business or your field is attending live events.
Why should you attend events?
You can meet others in your field.
You’re forced to take this seriously.
You can learn about new ways to make money.
You speed up your growth by learning from industry leaders.
You make connections.
It isn’t easy to quantify the ROI here because it depends on your follow-up and what you do.
4. Upgrade your skills or learn new skills.
The best way to change your life is to focus on picking up new skills that will bring in more money. The more that you learn, the more you can earn. As you develop your skills, you become more valuable.
What are skills worth learning?
Copywriting.
Editing.
Creating content.
Photography.
Handy skills so that you can fix things around the home.
Marketing.
Coding.
How do you learn new skills?
The good news is that it’s easier than ever to try to pick up new skills. You can study pretty much any topic on YouTube or with some sort of online course. You can even pay for a membership program or some mentorship so that you’re held accountable for your learning.
The best approach to learning a new skill right now is to pick one thing and then go all in on the topic. Watch tutorials, pay for tutorials, experiment, and practice until you’re confident in your new skill.
5. Spend the money to improve your environment.
“Environment design is powerful not only because it influences how we engage with the world but also because we rarely do it. Most people live in a world others have created for them. But you can alter the spaces where you live and work to increase your exposure to positive cues and reduce your exposure to negative ones. Environment design allows you to take back control and become the architect of your life. Be the designer of your world and not merely the consumer of it.” — James Clear, “Atomic Habits”
Does your overall environment support your goals? One of the best investments in yourself these days involves changing up your environment in some way.
Gary Keller, in “The ONE Thing,” discusses the importance of your environment:
“Your environment must support your goals.
Your environment is simply who you see and what you experience every day. The people are familiar, the places comfortable. You trust these elements of your environment and quite possibly even take them for granted. But be aware. Anyone and anything at any time can become a thief, diverting your attention away from your most important work and stealing your productivity right from under your nose. For you to achieve extraordinary results, the people surrounding you and your physical surroundings must support your goals.”
How can you spend money on improving your environment?
Upgrade your home office setup.
Pay for a co-working space or join an office where you know you’ll get more done.
Spend the money to be around better people.
Try a new environment, like a better gym, an exciting hobby you’ve been putting off, or some sort of association.
Your goal should be to put yourself in an environment that will challenge you and help you improve your quality of life.
The final word on investing in yourself…
Every investment in yourself compounds. Joining that new gym in town will motivate you to take your fitness seriously. You may end up meeting interesting people at this gym. One connection that you make could be eager to hear about your new copywriting venture since their company is currently hiring for this position.
Every dollar that you spend on yourself today will pay dividends in the future. You have to trust the process.