There is a general consensus that we all need to work on ourselves in some way and to varying degrees. The work that we have to do as individuals is constant, whether it pertains to our business, our personal or professional relationships, and especially our money. The time, energy and expense that we put toward doing the work, is a direct reflection on the value that we’re ultimately placing on ourselves.
For example, it often takes a harsh warning from a doctor for us to change our lifestyles so that we can live healthier lives. But, we make the changes (or not) based on how much we value ourselves and our health.
This is not to say that it’s only when things become critical that we shift into self-care mode. There are many different ways that people invest in themselves, like shopping for the latest clothing styles, or buying the most current electronics to help drive our businesses and make us as productive as possible. So ask yourself, how are you investing in your own wealth? After all, it will lead to the same end results; increased short and long-term comfort and happiness, and better health overall because we’re taking steps to alleviate a very common pressure point in our lives. Here are a few ways that you can start investing in yourself through your wealth strategy.
- Take a course.
Increase your education around good money management. There are countless online tools that teach people about good ways to manage finances and build wealth. Investing even one hour of your time per week to learn a new wealth building strategy can have enormous impact on how you build wealth and your overall long-term health and happiness.
- Get an accountability partner and make it fun.
Sometimes it’s easier for us to start and stick with a routine, when we have a like-minded person to hold us accountable for our daily goals. Have your accountability partner check in with you on a regular basis to see how on track you are with a particular goal, and find a fun way to reward each other when you’ve succeeded for a day, week, or reached a milestone.
- Put away the extra cash.
Many people hold the mindset that if there’s extra money lying around or in our wallets, it’s supposed to be spent. Well, why not spend it on yourself figuratively speaking? I’m sure most people by now have heard the saying “pay yourself first”. Well, try just paying yourself, period. We don’t always have to spend money because we have it. Put it away in an account that you can’t easily access like a brokerage account where you can also put it to work by investing it in the market.
- Increase your contribution to your retirement savings plan. If you’re currently contributing less than 10%, try raising your contribution. If your employer is matching you, then you’re only bettering your opportunity to increase your assets each month.
- Seek a professional.
Even with the numerous “how to” tools that are out on the market today, there is a large number of seasoned professionals available to provide guidance or simply give you insight to verify that you’re on the right track. If you take the time to check in with a doctor once a year, speaking with a financial advisor should be no different. Many people are hesitant to give over that fee to work with a good advisor, but you shouldn’t be. What’s a portion of money invested now, if it could mean lots of money in savings and investments down the road?
It’s difficult to say that you’re truly taking care of yourself, if you’re exercising regularly, going for scheduled check ups, balancing work and recreational time and doing all the other great things that you need to do to have a healthy happy life, but not incorporating your money management into the equation. It’s part of the equation that should be included so that you can take a truly holistic approach to living a healthy, happy life.
After all, aren’t you worth it?