C.S. Lewis said “You are never too old to set another goal or to dream a new dream.” No matter your age or financial standing, investing in yourself is one of the most powerful financial moves you can make. The truth is that planning your budget, saving your hard earned money, and investing time, energy, and wealth in your future will go a long way to ensuring your financial freedom.
So, while you may think that your needs come at the bottom of the list of your priorities, we believe you need to think again – decide to invest in yourself in 2108 and you will see the returns in a multitude of ways.
Five ways to invest in yourself this year
While budgeting and tackling debit might not seem fun or inspiring or life-changing, it actually is. Until you are debt free, the money you earn and the wealth you accumulate is not truly your own and you won’t be able to enjoy it to its fullest. Eradicate your debt so you can fund the life you really want to live.
2. Invest and insure now
When it comes to planning for your future, there is no more powerful financial force than the power of compound interest. And the sooner you start to invest in a diversified portfolio, the better. Start with automatic withdrawals from your bank accounts to fixed investments and teach yourself more about investing and what financial products best suit your financial needs. At the same time, you need to be prepared for the unexpected such as death, injury, or disease. This might seem a bit dramatic but you never know what the future holds and insuring yourself is an essential part of any well thought-out financial plan.
3. Get educated
Following the above point, you can never learn too much about the world of money and wealth generation. Most people don’t understand how their finances (let alone the markets) work. Read financial blogs, attend a course, speak to your adviser... make this the year that you get knowledgeable about how your money works and how you can make it work harder.
4. Have a little fun
Investing in yourself and growing your knowledge doesn't have to be all serious business. Get creative, take a class, learn a new skill, or a new language... spending some of your hard-earned money on growing yourself spiritually or creatively can go a long way to helping you feel rewarded and acknowledged (and comfortable with all the saving and investing you’re doing at the same time).
5. Get the right advice
Do you have a financial adviser? Are you concerned that your adviser isn’t doing what you feel they need to do? Or that they don’t really understand your financial needs? Having the right adviser for you is essential in making sure you get the help and guidance you need when it comes to managing your wealth. If you don’t feel this way in your current adviser relationship, think about what needs to change. An adviser should be an asset to your wealth team, adding value every step of the way.
Are you looking for a financial adviser who can help you protect and grow your wealth so that you and your family can live the life you want? From insurance to investment management, our team of advisers has all the tools and skills to do just that! Work with us and we will put in place and manage a financial plan that makes sure your wealth is secure and growing, today and into the future.