Investments are a part of our world. Delaying gratification now to have more later will always be an option for us. Investments by definition are risky. Sometimes you give up something now and don’t see a return on it, or worse you actually lose time or money. So today I wanted to talk about two of the best, safe investments available to us. Investing in yourself and others.
Investing in yourself
“If you want to invest in something with minimum risk and a guaranteed big return, invest in yourself” - Someone on Twitter
investing in yourself is never wasted time. It has the greatest ROI because it affects every area of your life. So what are the best ways to achieve this great ROI?
“The difference between where you are today and where you'll be five years from now will be found in the quality of books you've read.” - Jim Rohn
Reading, by far, is the best investment you could make in yourself. Imagine being able to sit down with Warren Buffet, Winston Churchill, or Elon Musk, and just listening to them teach you. That’s what reading is. You get to listen to some of the greatest thinkers, dead and alive, to have ever walked the earth.
I realize not many people enjoy reading. I didn’t either, but I found that starting small and building momentum is key. I started with the Harry Potter series and built momentum and found a love for reading. Start small, maybe with fiction or biographies. Just start reading, that's all that matters. There are studies that found that reading for just 6 minutes a day reduces stress by 68%. 6 minutes or a chapter of a book before bed is not hard to do and if you do this every day you’ll finish sooner than you think.
This one is easier because it’s passive learning. Watching guys like GaryVee, NerdWriter1, L2inc, Vox, and WiseCrack are all great ways to learn about various topics. And there are a ton of topics you can learn from Youtube. Fitness, investing, car maintenance, and almost anything else.
Podcasts are even better because you can do other things while you learn. You can do the dishes, drive to work, or clean your house. Listen to shows like 99% Invisible, Ask Science Mike, GaryVee Audio Experience, Handel on the Law on Demand, How to Start a Startup, How I Built This, and the list goes on and on. These are all great ways to learn without much effort other than just having to pay attention.
I know, everyone hates to exercise, but you never get to leave your body and you only have one of them, so why not make it the best it can be or at least maintain it? Going to the gym can be daunting and if you don’t have anyone to go with, just realize that no one is paying attention to you there. Most people are busy with their own workout or too busy looking at themselves in the mirror to care about what you’re doing. It’s all in your head.
As far as workouts go, almost every workout I’ve learned has been from Youtube. Youtube is free, you don’t have to pay $50 a session for a PT. Check out channels like Steve Cook, Sixpackabs.com, David Laid, and Whitney Simmons.
If you need to start small, start with running. It’s not hard to screw up or learn how to do. Make sure you have proper shoes and download Strava or the Nike app to track everything. And hey, maybe explore a city while you're at it.
Investing In Others
Invest in others by building a network or tribe, 15-150 individuals, by always giving more to them than you receive from them. Give with no expectation of return. When a recession hits, they will still be there while your 401k might not be. Never burn a bridge unless it’s a toxic relationship. Most things just aren't worth never having that person in your life again.
Maybe you’re not good with people, that’s ok. Just ask questions and be genuinely curious about them. Join organizations like a church, running clubs (two birds with one stone), or other organizations. Invest more in them than you receive from them and you will be thankful in the long run.
Oh yea, invest in Bitcoin.