I realize that, in order to get the most out of life, you have to be willing to put the work into what you think is your most valuable asset or group of assets. One of the best investments you can make is to invest into yourself, according to multiple financial gurus. So, if this (you) is (are) the greatest asset of your life, then what sort of resources do you think would be the most fitting towards your financial future?
Self education. This means, very simply, that you take the time to learn from the people who know finance, life coaching, or education principles that would launch you to a world of success and happiness. Now, I’m not saying I know anything more about this than the next person. I do know and understand the importance of books. I have plenty– they just don’t get read. I work a physically-demanding job, so eight hours of my time every day for five days a week is immediately followed by naps, then dinner, then back to sleep again. I don’t watch TV, so I don’t think that’s going to be so much of a problem. Actually, I don’t even really get onto social media much. My biggest time waster is gaming, but that’s not doing anything for me.
Right now, as it stands, I have to take a bit more time to develop my writing. I have a very strong affinity for this, but I rarely find myself motivated enough after the hard workdays to stay awake to find any time to do anything but try to rest. So my blog posts don’t even come out once a week. Sometimes, yes, I can manage, but other than that, I’m usually taking care of chores or other stuff.
When it comes to investing into yourself, the first thing you’re going to have to find is time– time to read, time to watch a few informational or educational YouTube videos related to your self-investment, and time to put into practice all that you’ve learned and read thus far. I have heard that applied knowledge is really what constitutes power; knowledge alone is power in reserve. That’s the potential energy you read about in physics, which is a ball sitting atop a hill with a flat top. Kinetic energy, then, is energy motion–applied knowledge is the ball rolling forward, accelerating a little faster with each passing moment in time. This is the very fundamental explanation behind becoming something better than you ever thought could be possible.
So, that’s well and good! You have just learned a little about how to invest in yourself! Below, I’ll be listing a couple of books that I personally have in my library, which I have read and refer to whenever I feel stuck.
1. Think And Grow Rich! by Napoleon Hill
This is the quintessential book for anyone wishing to really get into the mindset of becoming wealthy in all aspects of their personal lives. I’ve read this a couple of times, and each time I go through the pages, I see something that applies to a new feature of my path, which, had I only read this book once, would have passed me by– I would have missed an opportunity otherwise. It’s focused on how the wealthy made their money, by using nothing more than the will of their mind to become rich. Now, there are multiple paths to becoming rich, and thought alone will not get you there. A “burning desire” is what really helps to forge your path to wealth, because it forces you to think about how to go about developing yourself, which is ultimately the path you take in life to obtaining your wealth.
Anyone who has ever read anything about finance has heard about this book. I recommend it only because it’s helped me a little bit, but I’m not claiming to have utilized it to my full potential; it’s only a small stepping stone!
2. The Total Money Makeover by Dave Ramsey
This book has introduced the idea of limiting my spending habits to such an extent that I have an emergency fund for immediate use, since a good portion of the population for my demographic seem to not have such a thing. His recommendation is to have at the very least $1,000 for emergencies, to start. Later, this increases, but at least you’ll have this available and at the ready, before taking on some of the next steps towards financial independence.
Now, this book is more common sense than anything, focusing on eliminating your debts through your own efforts first and foremost and living below your means (this term will become apparent to those who are only hearing this for the first time). Rather than buying the latest hot gadgets, the focus is to really only get what you need for your daily life until you can realistically afford the small luxuries.
Last, but certainly not the very least, two books from the same author:
These two books are more geared towards the person who has already developed their financial literature, and has a more confident approach to how they’re going to move from the left side of the quadrant to the right side. This is the path I’m currently taking. Now, these two books have done quite a lot for me in addition to the other two which I have mentioned, because they’ve exposed to me a mindset and perspective which I wish I would have had when I was much younger. Of course, I never did listen to my parents’ advice, so here I am struggling financially– but the difference here is that, after a couple of years of consideration, hard thinking, and long hours of physically working too hard, I realized that life doesn’t have to be as such. It’s a humbling thing, understanding your flaws and accepting yourself for who you are after years of self-deceit. I’ve been on the left side of the cashflow quadrant for a long time, and I feel it is now time to start taking steps to get to the other side.
Not only am I doing this for my future, but for the future of my family and siblings and nieces and nephews. I hear so many stories of personal success, and it never occurred to me that I should be doing the same. After watching a few videos from Jeff Rose on YouTube, I’ve become more motivated to doing what it really takes to succeed. Now, it’s going to be up to me to find a niche or career path which is best suited for me, but perhaps I should just start right here on my blog. Blog posts are a good foundation for stepping into another realm of financial security and decisions.
Featured Image of money from these guys at The Green Head.