Apr 09, 2018  | Tags: investment, lifestyle, financial planning, personal development

Our Insights

In finances, investing means putting something valuable into savings, business or some other property with the goal of making a profit.

The best investment, however, is to invest in yourself. This means putting some time and expense into taking care of yourself, as well as self-development, so that you can benefit long into the future.

Here's six ways to invest in yourself. 

1. Set Both Personal and Wealth Goals

This is the most important place to start when it comes to investing in yourself. It doesn’t have to be anything major. You’ll feel good by setting and reaching even small goals. 

Set aside $10 a week. Cultivate a house plant. Try something new. Look into investment options. Just try something to keep your creative flame alive and always have something to look forward to.

2. Never Stop Learning

No need to go back to school for an expensive degree. There are plenty of podcasts, books, blogs and free courses out there that can keep you moving forward in self-growth and expanding your knowledge of your business or trade.

Stimulate your mind by doodling or journaling. Challenge yourself to a brain teaser or riddle or some other problem-solving game. Keep your mind sharp!

Not only will you improve as a person, you'll also create more career opportunities that could change your life.

3. Take Regular Breaks

One very important way to reward yourself is by taking breaks without feeling guilty.

A break for 'me-time' could mean ending your day early to unwind with a bath before bed. It could mean taking five minutes to watch a funny video or call a friend to chat. Your break can range from just a relaxing cuppa to a full-on island getaway.

However long your break is, the goal is to reignite your creativity and refresh your spirits, energising you for your other obligations in life.

4. Look After Your Health

We often take for granted the good health we have in our younger years. But don’t let your youth pass you by; take care of yourself now to minimise the risk of complications when you get older. If you neglect your health now, you’ll have less energy to get things done and in the long run it could cost you personally and professionally. 

Exercise to boost your mood and energy. Slow down to stretch, nap and meditate. Eat healthy, get plenty of sleep and drink lots of water to avoid burnout. 

5. Find a Mentor

You need someone who will provide caring but direct advice, encourage you and help you through your bad days. Ideally, find an experienced mentor who has a track record of success in life. Of course, you must be teachable and prepared to listen. If you do, your mentor could be one of your greatest personal investments! 

6. Invest in Others

The benefits of mentoring go both ways. Mentor a less experienced colleague. Share your story and lessons learned from your journey. Give of your time and a listening ear. The more you can give, the happier and more fulfilled you’ll feel. You'll likely learn more than a thing or two from the people you mentor, too.

Seeking professional advice, when you need it, is an important investment that pays off immediately and in the future. For help achieiving your wealth goals, contact the team at Calder Wealth Management.

Call us on (08) 8373 3333 to schedule your free initial appointment.

Written by Ben Calder, Private Client Adviser at Calder Wealth Management.