When I talk to my co-workers, friends, and family about investing, we usually talk about where we can place our money to maximize growth that aligns with our financial goals and risk tolerance. But today, let’s talk about investing in the most important asset you own, YOURSELF!
1. Take time off work
One of the best things you can do is to take time for yourself by spending time out of the office. I admit that this is something that I personally struggle with as I am a workaholic. Ever since working 50-60+ hours per week to pay off a 6-figure student loan debt, I don’t feel productive if I work any less.
But when I do take time off, it becomes extremely therapeutic for me. It gives me a chance to decompress and catch up on some things lingering on my to-do list. Most importantly, it gives me a chance to just stop, take a breath and reflect.
I think about where I am right now in all areas of my life and if my daily actions align with my goals. If I find something I’m not happy about it, I develop an action plan to change it.
2. Read Educational Books
I never genuinely enjoyed reading books until last year. I realize now that I have robbed myself of years of accumulating knowledge that I could have applied. But as all good things go, it’s better late than never.
Last year, I read 1-2 books a month. If you’re interested in some of what I read, I wrote a little post about 12 personal finance and personal development books.
I have found that reading and being a perpetual learner has paid more dividends than any stock on the market.
3. Take care of your health
As a physical therapist, I see far too many people with health issues that could have been prevented. The majority of the issues come from being sedentary and spending years neglecting their bodies during their careers and even more so during retirement.
Many people do not address these issues until they become problematic. My advice is for everyone to wake up to the fact that their body is aging and needs more care. That means visiting these doctors on a regular basis, being more deliberate about what you put in your body, taking the time to stretch, strengthen your muscles, and getting your heart rate up.
You don’t have to be a bikini beach modal, but you can certainly challenge yourself physically. Getting in a routine to maximize your mobility and strength is something I have never regretted and you won’t either if you make this investment.
Working on your mental and spiritual state is just as important as your improving your physical state. At first, I thought meditation was just weird, but I learned that it is a powerful practice to include in your routine.
I prefer it at the end of the day since it allows me to sleep with a clear head. I also find myself in a deeper and more restful sleep which helps me focus during the day and wake up with incredible energy.
There are many types of meditation. Since my mind tends to wander so much, I prefer guided meditation using headspace.
Bonus: While writing this very section of the post, I was browsing twitter and saw that Jim Collins recently created a comical guided meditation video with financial independence gems hidden within. For the funny back story on why it was created, visit his site. Otherwise, I’ll link his video below.
Related: Jim Collins is the author of The Simple Path The Wealth. My first and favorite finance book I ever read.
5. Invest in a coach or mentor
One of the best investments you can make is to find a coach or mentor to help you achieve your goals. Whether that being focused on career, fitness, finance or heck, even life, they can put you on a fast-track to achieve your goals quickly with minimal mistakes.
Having someone who has already walked a similar path can be invaluable in guiding you on your journey. Personally, I have found mentors in real estate and in blogging that has helped me significantly.
For a limited time, I am offering a free coaching session primarily focused on helping you develop a strategy for paying off your debts and also investing for beginners.
If you’re interested, please sign up for my newsletter and let me know