When we think about investing, stocks and bonds often come to mind. But an investment is anything that you do to increase the quality of your life over time. In order to experience the most fulfilling life, you must invest in you. Here are five ways to do that no matter how much money you currently have.
Build your confidence. When you feel good about yourself, you have more meaningful relationships, you perform better at work and you engage more fully in life. Every time you do something new, you come away with the courage to take on new challenges. Read books, take classes, explore new places and try new things. The more you experience, the better you feel about yourself and the more confident you will be.
Buy a home. One of the best ways to achieve financial security for yourself and your family is to buy a home. Not only does real estate historically increase in value over time, but a home provides piece of mind and a sense of stability for generations to come. For most people, a home is the largest investment they’ll ever make. If you’re not ready to buy a home today, see a nonprofit homeownership counselor to find out how you can start taking steps toward that goal.
Assemble a flattering wardrobe. This isn’t a license to overspend at the mall. However, as you buy new clothes – within budget – take the time to learn what looks good on you. You don’t have to spend half your paycheck on designer clothes; instead, you can look for sales at outlets, discount stores and even consignment shops. The key is to wear what makes you feel good. When you feel good, you do good.
Explore a hobby. We all have interests outside of our careers. However, many of us never take the time to explore them. When you pursue an interest just for the fun of it, you will be following your bliss and you will learn something new about yourself in the process.
Start a business. One of the best ways to increase your earning potential is to start a business. You don’t have to quit your 9 to 5 or open a large enterprise. It can be as simple as selling your famous sweet potato pies during the holiday season. By discovering what unique skills and talents you have that somebody will pay for, you feel better about yourself and make more money to boot.
Life is what we make it. Trust me. Investing in yourself today will yield a more prosperous tomorrow.