What is the best investment you can make? In yourself of course.
So unless of course you are lucky enough to work for an investment firm that can make money when the financial markets are falling, you've joined the majority of us that have lost money in the past 12 or so months. Maybe a little, maybe a lot, but your faith in the financial markets, your financial advisers, your stockbrokers and investment geniuses must have been shaken. Whilst this could be seen as a 'once in a lifetime' event there have been countless instances of ineptitude, carelessness, greed and simply lack of knowledge and ability to protect your wealth.
For many of us investing in the financial markets is not a full-time job and not even a part-time job. You for most part want to place faith in these investment professionals to get the job done right and to ensure your money works for you and will be available for you in the future. However, and I'm sorry to say, this can no longer be assumed and your money could be at risk.
However there is a bright spot in all of this, an opportunity you may say. That opportunity is to stop focusing on gaining financial stability and wealth through investing in something that is actually not built on anything more than some people guessing company values. Instead focus on yourself, building yourself as an investment that can increase in value as you improve your skills, knowledge, cognitive abilities, emotional and social intelligence. If you become a stronger and better performer because of this improvement then you are more likely to create more wealth simply because you will earn more money - either as an employee or business owner.
I have a good friend who does not invest in the stock market - rather he invests in his business? Why? Because he knows his business and can trust himself to make it work. He also works extremely hard at his business and improving his knowledge in order to make himself more valuable. He is someone I respect in a big way and you know what, he himself can only lose his money. Not the person 1000 miles away who can cause you to lose your savings in an instant.
For many of us investing in the financial markets is not a full-time job and not even a part-time job. You for most part want to place faith in these investment professionals to get the job done right and to ensure your money works for you and will be available for you in the future. However, and I'm sorry to say, this can no longer be assumed and your money could be at risk.
However there is a bright spot in all of this, an opportunity you may say. That opportunity is to stop focusing on gaining financial stability and wealth through investing in something that is actually not built on anything more than some people guessing company values. Instead focus on yourself, building yourself as an investment that can increase in value as you improve your skills, knowledge, cognitive abilities, emotional and social intelligence. If you become a stronger and better performer because of this improvement then you are more likely to create more wealth simply because you will earn more money - either as an employee or business owner.
I have a good friend who does not invest in the stock market - rather he invests in his business? Why? Because he knows his business and can trust himself to make it work. He also works extremely hard at his business and improving his knowledge in order to make himself more valuable. He is someone I respect in a big way and you know what, he himself can only lose his money. Not the person 1000 miles away who can cause you to lose your savings in an instant.
Labels: behavourial finance, financial markets, personal development, personal finance, personal wealth, wealth creation, wealth management
posted by Daryl Close at
4:38 AM
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