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Your Best Investment Ever Won’t Be In The Stock Market

best investmentWhat is the best investment you could ever make? Historical analysis suggests an investor in the U.S. stock market can reasonably count on an average annual return of 8-10%. To get that, I’ll have to weather down periods in the market. It’s would be worth it knowing the good years will balance out the lean years to achieve that return.

While the stock market is a great creator of wealth, it’s not the best investment we can ever make. Nor is it land, rental properties, CDs, bonds, or commodities. None of those will bring the level of return needed to really succeed in our life, in our career and with our finances.

There is one investment that outshines them all in terms of total lifetime return. That’s the investment you make in yourself. Nothing will move you forward quicker, push you farther and have more lasting impact than the time and money spent on oneself.

Why Investing In Yourself Is the Best Investment

An investment in oneself is a guaranteed return every time. That’s why I like it so much. Whatever I choose to do, I know it will produce a tangible result that will make me a better person in the end.

Investing in myself will help me gain knowledge. It will build confidence as I have success with new things. It will teach me lessons I could never have learned otherwise.

And it has the chance to produce financial returns far better than what I could have received in the stock market.

That last reason investing in yourself is the best investment relates to the advancement of a one’s career. A person’s career is the biggest wealth generating mechanism they will ever have. Because it is so, it’s worth pouring money into so that more can be earned going forward.

This isn’t just theory…it’s fact in our household.

Four years ago, Mrs. Luke148 decided she wanted to switch careers from high school math teacher to CPA. That’s a pretty big leap, one that was incredibly scary to pursue. We knew it would take considerable financial capital for her to return to grad school. However, there was no way she could pursue that position without a great sacrifice of money. So we decided to invest in tuition payments for her classes.

Was it worth it? Absolutely! Her salary now as a CPA is significantly higher than what she made as a teacher. Better yet the prospects for career advancement going forward are limitless, bound only by her personal desire for what she wants to become.

More importantly, the side benefits of her career change are beginning to unfold, as it is one contributing factor that has allowed me to become a stay at home dad.

For those who like numbers and might be pushed by seeing some math, think of it in these terms. If you can double your salary from $30,000 to $60,000 per year, that’s a difference of $600,000 over 20 years assuming no raises whatsoever. That number becomes even more significant when we consider the excess earnings could then be invested in the stock market generating the 8-10% returns I mentioned above.

Ways to Invest in Yourself

As I’ve already showed, paying for further education or a certification of some kind to advance your career is one way to invest in yourself. But there are a great many ways to gain the knowledge or experience you need to move forward in life and improve your financial picture. Here are a few others I thought of:

1. Read great books. Research shows us that the average millionaire reads one book a month. That’s certainly doable and relatively inexpensive.

2. Listen to podcasts. This is quickly becoming my go-to medium for learning. Find one that works for you and listen to them in the car, when you prepare dinner, as you get ready in the morning or right before bed.

3. Eat healthier and exercise. You won’t have the energy and stamina to tackle challenges if junk is going into your body and your muscles are lying dormant.

4. Join a club, social organization or other like-minded community. This action is all about helping connect with others. Opportunities often come not by what you know but by whom you know.

5. Attend conferences in your field. These are generally cheaper than a full-blown education and can provide the necessary training you need. Plus, it’s another great place for making connections. I’ll be following my own advice this September when I attend FinCon, a peer conference for the financial news media.

6. Enhance your spiritual side. In addition to the physical body, the soul needs to be strengthened so it can endure difficult times ahead. So meditate, read the Bible, go to your local church and share with others what is on your heart.

7. Find accountability partners, a mentor or life coach. These people are designed to keep you focused and on track. More importantly, they can often provide that little push we are unable to give ourselves.

8. Replace some bad habits with new ones. We all have junk in the closet that needs to go. Identify it and build some good habits to blot out the bad.

9. Practice gratitude. We are so blessed already. Dwell routinely on what you do have not on what you don’t.

10. Learn the basics of a new language. In our ever-diversifying society, employers need people with language skills. This could be something that stands out on your resume.

11. Take a personality test. You may not know in which direction to proceed until you know more about yourself. This test has proved especially valuable to me.

12. Get organized, set schedules and learn to develop goals. You can’t move forward unless you are on top of your daily routine and have some targets to hit. He who aims at nothing will hit it every time.

13. Participate in activities that promote peace and relaxation. Listen to music. Go for walks. Get a massage. Write. Cook. Paint. Go to a museum. Do yoga. Lay out at the beach. Whatever…just relax and recharge.

14. Play. Life’s going to get dull real fast if you don’t let your hair down every once in awhile. Enjoy some moments of frivolity simply for the fun of it.

There are times when focusing on yourself is the best investment you could make. It’s OK to be a little selfish in this regard. Figure out what you need to move forward and do it. Some great returns are waiting.

Questions: What are you currently doing to invest in yourself? What has proved most valuable in the past? Have you ever considered investing in yourself is the best investment you could make?

Photo at Flickr/LiveLifeHappy.com

Next Post: I’ve Scrapped My DISQUS Commenting System To Run a Blog Experiment

Prior Post: Happy Anniversary! Luke1428 Enters the Terrible Twos

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  1. Yes, yes and yes. So many people are afraid to make changes like your wife, even when the returns are HUGE. Plus, there are so many ways, like you listed that can increase your earning potential.

  2. Great list, Brian! While I don’t think that it’s always justified in every situation, in general getting a college degree has a great ROI. It’s unfortunate people take such a negative view of student loan debt because some of it is reasonable and ultimately will pay off in dividends. Same for many advanced degrees.

  3. Fact these 14 ways of investment is very important for that wish to grow personally and professionally and many of these tips are inexpensive, so I guess that depends on each person to succeed, and not get colcoando the blame on others after a while ..
    great post.

  4. I would like to throw this out there and say that investing in my dog might be the best investment I’ve ever made. For the number of hours of entertainment that I receive versus the costs of ownership it’s basically pennies per hour. I don’t know that many activities that cost less than a dollar per hour and make me feel as happy as she does.

    Perhaps you could say this is investing in my health because my quality of life has gone up because of her.

    • I can see that. We certainly enjoy our dog and the cost of ownership is small, unless there are big medical issues that come.

  5. debs @ debtdebs says:

    A lot of those 14 things you’ve listed are free but definitely go a long way to making yourself a more well rounded person. Actually I think only the one about attending conferences would probably cost money, but then again there are ways that the expenses can be lessened too! I’ll be trying to do that so I can attend FinCon next year.

  6. While in theory I’d like to agree with you, I think student loan debt and subsequent low paying careers for many college grads makes a pretty compelling argument for an investment in yourself not always being worthwhile.

    • “…student loan debt and subsequent low paying careers…” Those are very good points Stefanie. People can’t blindly invest in themselves assuming everything “will just workout.” It takes wisdom to know what and when to do something.

  7. I know it isn’t the point of the post, but it is sad to me that teachers make so little that you have to go back to school to make more money. Jim has doubled his salary over the past couple of years by earning another degree. He is still in education but out of the classroom. In our situation, the money spend has already been paid back two fold, so I think that’s a great investment.

    • And the last thing a teacher really wants to do after teaching school is to go back to school themselves. With their schedule it’s really hard to find time to make that happen. Best time is during the summers of course but if you limit it to that time frame you are really dragging out your degree program.

  8. Yes, yes and yes. So many people are afraid to make changes like your wife, even when the returns are HUGE. Plus, there are so many ways, like you listed that can increase your earning potential.

    • I won’t lie to you…it was a scary proposition changing careers at this stage of life. Took us some time thinking and praying about it just to pull the trigger to start.

  9. Ha, as a CPA I’ve often wished I was a high school math teacher. To keep my license in the state I live in, I’m required to take 40 hours of continuing education a year. I’ve been guilty of filling those hours based on what fits best in my schedule regardless of the topic, but now I try to find topics that will actually help me grow or teach me something. It’s much more enjoyable in the short-term and far more valuable in the long-term this way. Outside of this required learning, I try to read a book a week and I listen to podcasts daily. I never want to stop learning.

    • “…I try to find topics that will actually help me grow…” That’s much more enjoyable when you know the topics being learned will add value to your life. Nobody likes taking classes just for the sake of doing so. How boring.

  10. Love this, Brian! I agree the best investment you can make is in yourself. To believe in yourself and to know that you are worth it! One thing I see too often is people who don’t think they worthy of happiness and it breaks my heart. I’m doing every you listed and it does make a huge difference. I feel more balanced and well-rounded. Well, in fairness #10 isn’t happening right now, but it’s certainly something I would like to do!

    • “…to know that you are…worthy of happiness…” We are and so many don’t see it. Past hurts and negative feelings towards oneself can be very difficult to overcome.

  11. Great list, Brian! While I don’t think that it’s always justified in every situation, in general getting a college degree has a great ROI. It’s unfortunate people take such a negative view of student loan debt because some of it is reasonable and ultimately will pay off in dividends. Same for many advanced degrees.

    Right now I am working on investing in myself through eating healthier, getting exercise, and learning and developing new skills. I also am trying to focus more on studying the bible and growing deeper in my faith.

    • ”…getting a college degree has a great ROI.” Agreed…As long as we aren’t going 100k in debt for a basket weaving major. 🙂 Be smart people…choose your majors wisely, investigate the future earnings potential and limit your school loan debt.

  12. I could not agree with this more, Brian! An investment in yourself is the return that gives perpetually. I was a mess a few years back and realized it was because I did not work on myself enough and when we don’t work on ourselves, we can’t be good to other people. For me, I make sure I make time to work on my physical health as well as my mental health. I work out at least four times a week and read as much as possible.

    • Reading is such a big deal. We have to keep growing personally and professionally if we are going to succeed and reading can be a big part of that. Sitting on the couch all day watching TV or perpetually scanning Facebook sure won’t. We can’t grow if we don’t go and do for ourselves.

  13. FIPilgrim says:

    Great instruction Brian, I wanted to add that I enjoy journaling when I can. Getting my thoughts down on paper (in an organized way) helps me to filter through them and reach concrete conclusions. It’s incredibly stress-relieving too!


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