Interested to hear things community members have done here to invest in themselves. What did you do? What impact did it have? Was it a good ROI?
This is something I really need to try and embrace more. After spending 10 months living frugally to pay off all my debts and get into a position to invest, Iām still in that same saving mindset now. Instead of it being I canāt spend that, it should go to my credit cards or loanā¦itās that could be investing money.
One of the things Iām going to invest in for myself in an audible membership, Iāve got a list of wealth creation and mindset books I want to āreadā thereās so much to learn so for me thatās the one thing Iāll invest in.
As for fitness, thatās my therapy, so I donāt see that as a chore at all, Iām one of them people that misses the gym or training two days and it feels like the end of the world haha
Yeah I agree its something I want to embrace more. Otherwise you spend so much of your time investing in other peopleās projects whether its through work, or investing in stocks, or whatever and its easy to forget about investing in yourself to further your own personal goals.
I was thinking of taking a language class. One I have no understanding of at all and committing to learning it over the next few years. But Iām still weighing up which language would have the best ROI.
Great topic! As per my financial investments trend, the investments in myself have always been scatterbrained⦠I get obsessed with something for a few months and then it drifts into the background.
I heavily invested into my social life and experiencing different cultures, itās definitely put my life in perspective and made me appreciate what I have and realise I donāt need much⦠Although I still want a lot
Iād say this heavily depends on what youāre aiming to get out of it/what youāre hoping to use it for.
When learning anything new think about why you want to learn it and what you want out of it e.g. Want to travel to Cambodia and teach English? Learn Khmer. Want to learn another language that is used in multiple countries so itās more versatile? Learn something like French or Spanish. Want to get a job or a promotion where you need to travel to China to negotiate deals with manufacturing plants? Learn Chinese. Or just want to be able to watch raw anime like a true geek? Learn Japanese.
Then there comes the how e.g. Are you going to download a free app, watch YouTube videos, take an evening or online class, or will you go live in that country for a few months?
Online courses, you tube, blogs & books about Trading & Accounting (didnāt do any of that at school) reading Economics books. Updated news feeds to be more finance based.
Fitness - crossfit, running, yoga, healthy eating (macro based meals, lots of learning to be done there and how to do cheaply)
Mentally - meditation, yoga, mental strength books.
Canāt recall where I read it but itās the Health > Wealth > Mind triangle - if you invest in those 3, you can only better yourself and they all tie into each other.
It is working. I never saved until a few years back, let alone started an investment portfolio. am fitter and finally found something I love learning about with Finance. I think itās about taking control rather than letting life happen. Just need to start seeing money gainz
I had laser eye surgery 10 years ago at the age of 20 - easily the best Ā£2k Iāve ever spent. I was spending Ā£50 a month on contact lenses, so not only have i saved thousands of pounds, Iāve got 20/20 vision!
At this stage I donāt have a specific reason other than I want to further career prospects. Iām in my early twenties so still feel I have time. But like you said what is the reason and how are you going to do it are important questions
Whatās your career in? Most jobs donāt have any ROI on knowing additional languages. Eapecially if you donāt speak them perfectly. There will always be a native speaker who speaks english as well as his own language to do customer related tasks. And to actually learn a language perfectly enough will take years and you will probably need to live in a country with that language for a while as well.
Well Iād say the what, why and how are the important questions
Youāve got the why so now youāve just got to figure out the other two.
As Seb said it could be a lot of time and a lot of hard work for little return, although Iād argue it depends on what kind of career youāre aiming for. For example if you wanted to travel abroad to teach English at a foreign school you often donāt need to know the language at all, or if you do then only a very basic amount. But learning the native language will of course make everything a lot easier.
Another example is my dad who is a tour manager and speaks a lot of languages. Again itās not something he needs to be able to but it sure makes it easier to get around, and he knows the languages well enough to be able to have simple conversations (if with a little difficulty sometimes). He also uses it to form relationships with foreign people around him, and they definitely appreciate the effort even if itās not always perfect.
But if you want to become a translator or be able to negotiate deals etc. Then thatās going to take a lot of hard time unless you learn very quickly, and even then youāll likely need to understand the culture too.
Either way donāt feel discouraged if you want to stick with it! Itās still an admirable goal and I wish you the best of luck in your endeavours the only other advice I can give is once you have picked a language donāt give up, because youād be surprised how quickly you end up forgetting it after a while (talking from experience - I used to speak two languages).
I work for a global media company. I think thereās some truth in that but also indicative of our lazy British attitude. But I guess we have that attitude for a reason. I too am not sure how worthy a pursuit it is. I have the ambition to be able to use a language in my career but just because I want it doesnāt mean it will happen
Thanks for your advice. Iām looking for a challenge that at the end will have obvious advantage points. And Iām prepared to commit a few years to. Language is just what came to mind.
The advantages of learning a new language may not always be obvious at first but hopefully itāll be worth it! And Iām sure it will be as knowing more than one language will always have its advantages
Personally Iād love to re-learn Finnish (my motherās native tongue) and try to learn Japanese again (a country Iād love to visit), but I have other things going on right now.
Edit: actually if itās of any interest to you whatsoever, Iād strongly recommend learning a programming language
As Tim Cook put it, coding is the most important second language you can learn