Allocate Some of Your Investment to Invest in Yourself
When we talk about investing , we always mention how you can earn more with your money. However, there is one asset that you should almost always invest in and that is you.
As the business site Entrepreneur points out, you are bound to be limited in how much you can invest with your income. However, there is practically no limit to how many skills you can learn or how much you can do to improve your earning potential. When you split up the money that you set aside for investment, give yourself a portion dedicated to personal development:
Most of us are taught to “save for a rainy day”. Instead, invest in “sunny days,” which are days of growth and prosperity. What’s more, if you continue to invest in yourself, you can buy an umbrella to keep it dry on “rainy days.” This unconventional advice may sound risky, but those who are able and willing to follow it will enjoy the journey because they are constantly moving forward. In the end, you will also be able to save more money in the long run.
The entrepreneur advises against spending all of your savings on learning new skills (and so do we), but the deferred part can help. If you can afford to pursue a hobby, take classes, or practice a new aspect of your trading, you can improve your earning potential .
3 Truths Every Millionaire Knows About Money | Businessman