The Best Investment You Can Make
Summary
- You always have limited resources, primarily time and money, so use them wisely for the best leverage.
- Investing $11,000 in the S&P historically gives a 9-10% return per year, roughly turning it into $11,100.
- Compare this with investing the same amount in a sales training course that enhances your selling skills.
- With improved skills, your income could increase significantly, for example from $40,000 to $220,000 yearly.
- The knowledge and skills gained from education aren't lost; they grow over time and can't be taxed or taken away.
- In my view, investing in self-education and skills can provide returns far beyond traditional investments.
Video
How To Take Action
I would suggest focusing your limited resources on gaining skills over traditional investments. Think about it: if you have some money to spend, like $11,000, you can put it in the S&P and hope for a 9-10% return. But there's a more impactful way to use that money.
A smart way to start is by investing in yourself. Take a sales training course or something that directly boosts your skills. For example, good sales training can help you go from earning $40,000 a year to $220,000. That's a huge leap compared to a small percentage return from stocks.
Remember, education and skills are the gifts that keep on giving. They keep growing over time and can't be taken away. Prioritize learning things that can multiply your income or improve your efficiency. If you're tight on cash, look for free or cheap resources online to get started.
When trying new skills, practice daily and seek feedback from others to improve. Track your progress to see how your income or productivity increases. Regularly evaluate what skills are most relevant to your goals.
In short, make learning and skill development your main focus. That’s where the real value lies. Once you've mastered certain skills, your opportunities for growth will be endless.
