Sunday, July 11, 2021

The investment hack that supersedes all: Invest in yourself.


You need to look at ROI – Return on Investment. One of the best investments you will ever make is in your own human capital.

When we look at investing, we tend to only look at financial capital – the actual money you have to invest today. What is almost always overlooked is human capital, which is ironic because one of the best investments you will ever make is in your own human capital. Human capital is effectively your ability to earn money over time.

When it comes to investing our money, we want to put it to use to get a positive return over time. What about skills? Abilities? Talents? These are the sources of your lifetime earnings power. Can you invest in these to reap returns over time? Where is your time and energy being spent? In what relationships are you investing?

Explore all avenues. It does not necessarily mean enrolling for a business degree. You could pursue certifications. Develop new skills. Attend the right workshops. Look for a mentor. Read about the subject you want to increase your knowledge in. There are plenty of podcasts available online. Just never stop learning.

Use ROI as a compass to help you identify the best use of your financial capital and human capital. And that means wisely allocating your time, energy, and resources to what matter.

Written by - Suketh Shetty

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