Invest in yourself

you

“Investing in yourself is the best investment you will ever make. It will not only improve your life, it will improve the lives of all those around you” – Robin S. Sharma

If you want to be truly successful, invest in yourself to get the knowledge you need to find your unique factor. When you find it and focus on it and preserve, your success will blossom” –  Sidney Madwed

I have learned that nothing is certain except for the need to have strong risk management, a lot of cash, a willingness to invest when the future is clear, and great people – Jeffery R. Immelt

For everybody in their busy lives, you need to invest in sharpening your tools, and you need to invest in longevity – Ryan Holmes

If you look to lead, invest at least 40% of your time managing yourself – your ethics, character, principles, purpose, motivation and conduct. Invest at least 30% managing those with authority over you, and 15% managing your peers – Dee Hock

The quotes above stand on their own merit. With that said – I will still add a bit more flesh to each quote. YOU are the most important person in your life – and so wouldn’t it make sense to invest mostly internally rather than externally. Most people invest in other people or externalities rather than themselves. Those people or externalities may disappear but you will always have yourself.

One may ask, “what does has to do with investing in the markets”? It has everything to do with it and more. Investing in the markets takes a certain skill set. With improved characteristics, comes an improved investor. In addition, investing in oneself brings about an improved personal life – which anyone would benefit from.

Robin is right. Investing in yourself is a dual-beneficiary project. By improving yourself, you improve others. For example if I become a better communicator by investing in written and oral skills, people who receive my messages will have a much more clear and vivid vision.

Sidney offers the thought of using introspection to find our ‘calling’ and then persevering with that craft until we are great. Talent is not enough; hard work must entail to become great. But hard work doesn’t need to feel difficult. Ask any professional footballer who has practiced 10’s of thousands of hours at his craft does he find it hard to play football – you will get a resounding no – yet putting in all those hours is actually hard work – it just doesn’t feel like it when one is doing something one loves. Not enough people give way to introspection and instead do as others tell them. This is no way to live.

Jerry’s comments ring true to the investment world and life in general. Concentrating on the investment world – risk management is of optimal importance: too many traders blow their accounts by over-leveraging. Cash is king in the investment world but many people are too scared to invest, or invest the environment doesn’t offer a clear investment signal.

Ryan bolsters my comments of being the most important person in your life. If the average expectancy for British persons is approximately 80 years old, one would want need tools and skills to last that long in a desirable state.

Dee indirectly promotes brand management. His comments are applicable to any person, because we all lead in some aspect of life. Our ethics, character, principles, purpose, motivation and conduct is the person we offer the world – it is our brand. How others treat you relies heavily on this.

To end: invest in yourself, because you are the most important person in your life.

References:

Hock, D., 1996. Dee Hock on management. [online] Available at: http://www.fastcompany.com/27454/dee-hock-management

Holmes, R., 2003. How HootSuite CEO Ryan Holmes is buoldomg a yoga-loving maple-syrup mafia. [online] Available at: www.fastcompany.com

Immelt. J., 2011 Letter to Shareowners: General Electric

Madwed, S., 2006. [online] Available at: http://www.ordinarypeoplecanwin.com/quotesknowledge.htm

Sharma, R., 2004. The Monk Who Sold His Ferrari: A Fable About Fulfilling Your Dreams & Reaching Your Destiny. Shaftesbury: Element Books Ltd

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