Investing is risky. The stock market can crash, the real estate market can turn into
a bubble and then burst, or a new technology can rise like there is no tomorrow and crash
within minutes. That's the nature of investing but not if you invest in yourself. No one can
take away that from you. It doesn't matter what happens to the world. That investment in yourself
will pay back one way or another. We talk a lot about the stock market
and real estate, but we seldomly talk about investing in yourself.
If you ask financially successful people about their greatest investment,
they will say that it was an investment in themselves.
Warren Buffets' greatest investment wasn't in Coca Cola but a communication course from Carnegie.
For a long time, college was considered the greatest investment one can make
in him or herself, but in the 21st century, in the age of the internet,
that's not the case anymore. Almost every information that's out there is right in your
pocket. All you have to do is pick your smartphone and google it. In this competitive digital world,
let's find out what are the best ways you can invest in yourself and outperform everyone else.
1. Start a small business I know that it could sound a bit absurd.
How starting a business is investing in yourself
but before you throw at me your angry comments, head me out!
There is no better way to invest in yourself than trying to build a business. In the process,
you will grow so much that you cant even imagine it now if you haven't started any business yet.
Running a business is extremely difficult. You need to be good at so many things,
especially if it's a startup. You will have to improve your communication skills,
manage your time better, understand the basics of finance and at the same time cope with stress.
You don't have to start anything huge, especially if you don't have the resources. Start an online
business even with as little a 100 bucks. You can buy a Lawn Mowers for a hundred bucks,
for example, and start a side business cutting your neighbour's grass.
In fact, I started this channel with just a hundred bucks.
I am not one of those guys who started watching youtube since its early days but much, much later.
And I realized that most of these Youtubers just share their ideas and experiences, even the most
successful ones started with almost nothing. So I said to myself, I have a lot of ideas too,
how about I start sharing them with the world. Let's see how that goes.
I ordered a blue yeti microphone for a little over a hundred bucks and started making videos.
I have to admit that, There were absolutely horrible because I knew almost nothing about
video editing or animations and I didn't really care much because
it was more like a hobby than a real business. But then I slowly started improving the quality,
and somehow it started picking up, so I had to hire animators,
and now it's like a little business. You don't necessarily have to start a youtube
channel. There is an endless number of online businesses that do not require a lot of capital.
Let's say you are good at playing a guitar or violin. You can find
someone who can help you with shooting and editing it for as little as a hundred bucks.
Turn it into an online course and sell it online. And the great part about it is that you don't
even need a website because right now, there are multiple great platforms to sell courses for free!
And if it turns out to be successful, you can slowly turn it into a legitimate business.
You can easily earn back your money and make much more.
We are lucky to be alive t this age because no matter where you are in the world, pretty much
everyone has an internet connection. So this is probably a great option for most people.
2. Learn a valuable skill I am a big fan of reading books and
learning in general. However, in my experience, skills are far more important than knowledge.
Think about how much information you have consumed in the last week or so. Probably a lot,
with every video you watch or every article you come across or even every post you see when
scrolling your news feed, you learn something new. And now, let me ask you this? How much of that
information is really useful. not much! In fact, you will end up learning a lot of
unuseful stuff in your life, which is not a big deal. But consider this.
How many skills do you have? I guess not many, but you use them pretty much every single day.
That's why focus on acquiring more skills. Every new skill means another source of income.
the more skills you have, the more money you are going to make.
You can read as much as you want about social media, but it isn't going to help you much,
but if you learn to place effective ads on Facebook, for example,
you can instantly turn it into a source of income.
Or you can learn graphic designing, copywriting, web designing.
There is an endless number of skills that could be turned into a source of income.
3. Invest in your productivity People say that time is money,
but that's not true. Money can be earned back, but time can't. Once it passes,
there is no way you can restore it. If you are a teenager, you will never become a child again.
If you are an adult, you will never become a teenager again. If you are an old man, there is
no going back. We all have 24 hours a day. Even if you become the world's richest person, you
will not have more time than the poorest person on the planet. So guard your time as much as you can.
If you can invest in something that can save you some time, do it!
Be it a habit you have to develop or an app you have to buy.
I try my best to set my day in such a way that I can take the best advantage out of every hour.
Of course, I don't plan every minute because that will make my life look too robotic
and make it boring, but if I don't plan it carefully, I will end up wasting most of my time.
Some people waste hours every single day because they can't fall asleep easily.
Just lying on your bed for 2 hours just to fall asleep is 2 hours wasted every single day
or 60 hours wasted every month, or 720 hours wasted every year.
That's enough time to master a new skill or start a side business.
Then what should you do? Well, find a way to fix that problem. In my case, for example,
I tried multiple things until I found out that if I wear my earphones and turn on an audiobook,
I can fall asleep within 15 minutes. I found out that I am much more productive in the
morning than in the evening, so I started waking up at 6 am and started going to sleep earlier.
Invest in making yourself productive because time is the only thing you
can't buy. The more productive you become, the more time you will have.
4. Invest in knowledge Just a few minutes ago,
I told you about how skills are far more important than knowledge, but that doesn't
mean knowledge is useless. In fact, the more you know, the more opportunities you can spot.
In one of the previous videos we talked about the number of great opportunities that could have
turned you into a millionaire, but you missed them because you were too late to the party.
The only way to spot such opportunities is to understand how new emerging technologies work.
Those who understated how cryptocurrencies work early on realized their potential and invested.
Today they are millionaires and, in some cases, billionaires.
Those who clearly saw the future of transportation understood that moving to electric cars is the
future and heavily invested in Tesla and also became millionaires. There are endless examples.
The only way to spot a great opportunity is to invest in learning how they work. We know that AI
is going to be huge in the figure, learning how it works can help you to spot the next billion-dollar
opportunity. Or the quantum computers, virtual reality, and so on and so forth.
5. invest in your health
Most young people don't pay enough attention to their health. When you are a teenager or an adult,
your immune system is at its peak, so even if you don't exercise, eat unhealthy food,
it can handle that, but over time as you start getting older, your immune system
starts getting weak and you start getting sick more often. Because you didn't pay attention to
your health back when you were young, now you will have to spend more time in the hospital.
Don't make that mistake, don't destroy your health for some short term pleasures. Eat healthy stuff,
exercise, don't stress out about little things that don't deserve your stress, and have fun.
Remember, investing in yourself is the best investment you can make. Don't spend a single
day without investing in yourself in one way or another. These are the 5 ways that I personally
invest in myself. I do my best to learn new skills and take care of my health as much as I can.
And now it's your turn, how do you invest in yourself? Which one of these points did you like
the most? Let me know in the comments below. If you have enjoyed this video, you will most
definitely enjoy this custom playlist that I have created specifically for you
that has our most popular videos on .... that can potentially change your life.
And now give this video the thumbs up that it deserves, and make sure to
subscribe if you haven't done that yet. Thanks for watching and until next.