What is the Best Investment?
When considering how to put their valuable time and hard earned money to optimal use, many people express an interest in determining the best investment for their needs. As investors focus intently on which stocks, bonds or currencies to buy to suit their portfolio, they often forget to see the importance of investing in themselves as their most valuable asset.
Basically, whatever you invest in your own personal development is largely retained as part of your individual wealth, and is independent of whether financial markets rise or fall.
Adding to Your Skill SetOne of the most practical ways that you can invest in yourself consists of increasing the breadth of your knowledge base and skill set. This applies both within your chosen profession and also in other fields that you find interesting or supportive of your career.
For example, adding to your business related "know how can make you a more attractive prospect for promotion at your place of business or for recruitment from within your professional talent pool. Your resume can also be substantially enhanced by adding new business and interpersonal skills to your repertoire via self-education, on the job training, or more formal coursework.
Developing Your NetworkFor the most part, humans are social creatures that benefit considerably from expanding their network of business contacts and personal friends.
Not only does this networking process mean making yourself available for meeting new people and swapping business cards, but it also involves the considerably more lengthy process of establishing deeper professional relationships and building personal friendships over time.
In times of trouble, having invested in making a supportive network of friends and business associates can be a considerably more valuable resource than having merely assembled a portfolio of financial assets.
Expanding Your Career HorizonsLearning to think outside the relatively narrow boxes that the established set of career paths offers may be one of the most exciting, creative and satisfying things you ever accomplish in your lifetime.
Furthermore, the result of this investment in your future might be a unique and very satisfying career ideally suited to your personal tastes, skills and lifestyle preferences.
Focus on True Wealth Not MoneyMost thoughtful people would agree that true wealth lies in the degree of happiness that you manage to achieve with the means that you have available to you. By this measurement, you can have plenty of financial assets, or very little, and still consider your life successful in terms of the wealth of happiness that you experience in living it fully.
Basically, doing something that you love to do -- and also getting appropriately paid and appreciated for work you take pride in performing -- can be far more satisfying in the long run than grinding away at some tedious job that you are not psychologically well suited for in order to earn a paycheck.
If you are currently unhappy with your career, consider investing some time in determining what you really like to do and researching how you might be able to earn a respectable living from doing it. Ultimately, that could be one of the best investments you will ever make.
By Jay Hawk
Posted in ...Investing