Would you like to invest in yourself for long-term returns? There’s deep wisdom in putting time, effort, and financial resources into personal growth and learning. For one thing, no one can ever take away education or knowledge. But another great thing about investing in yourself is that it’s incredibly cost-effective. Consider the lifelong value of a college education, or the ability to speak a second language. It also makes perfect sense to acquire elementary computer repair skills in the digital age. Getting the most out of your money is another critical ability for people who value financial security. It doesn’t hurt to know how to prepare meals for yourself or the family. Here are more details about how to invest in yourself for fun and profit.
Earn a Four-Year Degree
The most efficient way to invest in yourself is to earn a college degree. While there is an up-front expense, the benefits of education last a lifetime and deliver solid financial rewards. Getting a degree and paying for it are two challenges in one. But taking out a student loan gives students the freedom to concentrate on their studies and not worry about where the next tuition payment is coming from. Plus, very few can afford to pay for college from savings or accumulated balances in designated funds. For the rest, taking on education-related debt like school loans is the commonsense way to go. Degrees last forever and can help boost careers, earning power, and a person’s overall level of self-satisfaction.
Study a Second Language
Becoming bilingual is a lifelong quest that calls for dedication, discipline, and a significant time investment. But the rewards, as in the case of college education, last for decades. Not only do the benefits of speaking another language help open doors in the job market, but those who speak a language other than English can also enjoy vacations without having to use interpreters.
Take a Basic Computer Repair Course
In this day and age, learning how to repair a standard desktop or laptop computer is a skill that will always come in handy. Luckily, there are many online courses that are free or charge low tuition. The better ones include a dozen or more 60-minute lessons and require you to purchase a standard array of tools, which you’ll keep and use after the course is complete. There are also in-person courses at community colleges and trade schools in which students can earn certification as official computer repair technicians. The live training costs several hundred dollars but is far superior to the online version.
Start an Investment Account
Use a portion of your savings balance to open a small investment account with an online brokerage firm. Choose among high-quality investments with high returns based on your own research and asset preferences. Popular choices for first-timers include blue chip stocks, dividend paying shares, ETFs (exchange traded funds), and treasury bonds. Don’t be tempted by internet advertisements that tout high-interest securities or get-rich-quick stock market schemes. They’re a waste of time and money. Instead, do your own research and choose assets that can deliver solid returns over the long haul. Investing in yourself means using good judgment.