Investing in assets is essential for building long-term wealth, but it’s key to remember something equally important – investing in yourself.
Here are four of the best ways to do that, with lots of links to resources you can use (most of which you don’t have to spend money on!).
Invest in your mindset 🧠
How you think determines how your life will turn out, so improving and optimising your mindset is key.
Here are some suggestions to get you started:
- ‘Mindset’ by Carol Dweck
- ‘Grit’ by Angela Duckworth
- ‘The Power of Habit’ by Charles Duhigg
- ‘Daring Greatly’ by Brené Brown
- ‘The Obstacle is the Way’ by Ryan Holiday
Other investments in your mental health are even simpler, such as creating clear boundaries between work and leisure time, spending time outside and writing daily in a gratitude journal.
Invest in your physical health 🏃
Taking care of your physical health will have positive effects in every part of your life, beyond making you feel and look fitter. 💪 A lot of studies have shown that even as little as 30 minutes of movement a day can reduce chances of an early death by 80% – making physical health such a great investment in your own future!
You’ve got an endless number of options. On the free side of things, you can go for a run, create your own home workout, do a workout on YouTube or go for a walk with some friends.
If you’ve got some wiggle room in your budget, you can go swimming, go to the gym, take dance classes, join a yoga class – the possibilities really are almost endless.
Invest in your relationships 💑
The world would be a boring place without our friends, family or significant others. When we get busy, it can be easy to let our relationships fall by the wayside – but good, positive relationships don’t happen by chance. You’ve got to invest the time and effort to make them happen. If you do, your life will be so much better.
You don’t have to spend money to spend time with people. Sure, you can splash out on a nice meal or go on a day out, but you can also go to a park or just sit and chat at home. With relationships, time is definitely more important than money.
Invest in your education (beyond your studies!) 🤓
Always be learning 💡 – dedicate time to your own education, beyond what you’re learning at university or college.
If you know you want to go into a particular job once you finish studying, why not start learning the skills you’ll need for it now, rather than waiting until it’s time to apply for jobs? This will really give you an edge when the time does come to apply.
Podcasts and books will be useful, as well as courses. Looking up courses specific to the profession is your best bet, but you can also use sites like Skillshare and Udemy that have a big mix of courses on offer.
Education doesn’t have to be career-driven. If you’ve always wanted to learn to play the guitar, maybe it’s time to finally start looking for a guitar teacher. 🎸 Or if you want to know how to draw better, there’s sure to be an online course or local class to help with this. 🎨
Speaking about education, why not improve your financial education 💸 by signing into the Blackbullion platform and completing some of our online learning? The Top 10 Money Tips could be a good place to start.
Whatever takes your fancy, make investing in your own learning and education a priority throughout your life and you’ll do well. ⭐
In week 3 of the Student Festival of Financial Wellbeing, we’ll be looking at what we mentioned at the start of this blog – how you can invest your money to grow your wealth and improve your financial future, including different types of investments, the difference between investing and trading and the importance of diversification.
Visit the Festival website now to see everything that’s included for students, including the free guide to the four building blocks of financial wellbeing, and to sign up for the financial education webinars.