I’m sure that over time you have gotten a variety of different investment suggestions from many people. They tell you what the next big thing will be and where you should spend your spare cash. The options are nearly endless and I will not sit here and bore you with the hundreds of things you can do with your cash to make yourself money – just the ones that I think are best.
In my opinion, the best thing you can do is invest your first bit of spare money into yourself. I’m not talking about buying a new wardrobe, although I’m sure you’d look nice in that new shirt. I’m referring to investing your money into learning something new or extending your expertise in your current career or business. As Sir Francis Bacon said, “knowledge itself is power.” There are plenty of great sources of knowledge out there, you just have to be willing to obtain and use it.
When I first decided I wanted to improve myself financially, I bought a gold membership through Audible and listened to The Only Investment Guide You’ll Ever Need by Andrew Tobias. Since then, I have spent a lot of time and money on various physical and audio books to learn more about finance and entrepreneurship. Books are not the only examples of ways to invest money for yourself. You could take a class or watch videos to develop skills and learn new information on what you think will help you accomplish what you want to do.
It is crucial to understand that no one else is going to do it for you. If you want to be successful, then you have to be willing to learn and you have to be committed to your career, business, or passion. Invest your spare money in something that will take you to the success you’re aiming for. When you find that source of information that changes your life, you will have already earned back your initial investment tenfold.