It’s time to invest in yourself!
The festive season is approaching, and before you start making lists of all the wonderful gifts to buy for the special people in your life, set some time aside to think about your gift to yourself.
Dr. Seuss says it so well: Today you are You. That is truer than true. There is no one alive, that is youer than you!
I want to remind you today how important you are. You bring something completely wonderful to the world, something unique, something only you can bring. Have you ever stopped to think what your special skill or talent is? What is it about you that has shaped your life so far? And will shape your dreams ahead?
We all have a unique contribution to make, the real question is how to get the most value from your special skill or talent.
While we do, of course, encourage investment in various retirement and annuity portfolios, one of the best investments you will ever make is in yourself. And the sooner you do this, the more valuable you as an asset will become.
I love this drawing by Carl Richards: it explains that the longer you wait to invest in yourself, the less valuable you as an asset will become. Put simply, with every year that passes, you have less time to earn money.
Here are my top three considerations to get the most value from yourself:
Invest time and money in your talent
It’s never too late to learn. If you are still in the Wealth Creation phase of your journey, it may be the perfect time to up-skill or even learn a new skill that could benefit you when you retire. Think about how your talent could add value to your life and consider new skills or qualifications that could support you.
I have some wonderful examples that Retiremeant™ clients have shared with me: learning social media skills to promote a new business venture; a bookkeeping course to support a hobby turned into a new career; or a coaching qualification to enhance consulting skills as a mentor coach.
You have spent your whole life earning, and possibly still are. Now it’s time that your money works for you. It’s a good idea to keep investing and earning interest, or to use your assets to earn an income – perhaps renting out an extra property or flat on your property. This way your money grows while you are sleeping.
Consider a parallel life as you near retirement age. Start thinking, and planning, how you can continue earning (even if it’s less than you’re used to) while doing something you love! Many Retiremeant™ clients have started new business ventures in retirement: cake decorating, knitting, building classic cars and even coaching cyclists.
I hope that the next time you look in the mirror, you see yourself through new eyes and remember: You are your greatest asset!
Chartered Wealth Solutions is an authorised financial services provider
(FSP no. 13909)