INVESTING in yourself is not just about growing money and having the wisdom to handle your income: it also takes discipline and action. Discipline is a decision that usually manifests in your attitude and behavior. Investing in yourself includes personal and professional development and growth.
Do you have an extra amount of money? If you don’t know where to spend it, be wise in putting it on investment. In investing, we should be careful where to entrust our money. You might need some guidance and knowledge before you take the risk.
Knowing your risk profile is a must. Are you aggressive, moderately aggressive, moderately conservative or conservative? Determine your risk profile before investing.
Gain knowledge about the different kinds of investment instruments and decide where you would like to invest.
You need to know these profiles and identify where you ahead. You may have heard a lot about this, but you should be fully aware of where you belong. There is no such thing as the best investment, as the most suitable investment always depends on your risk profile. In able to identify your profile enables you to discover more of yourself. Read some articles about investing and study different types of financial institutions.
To know which financial institutions are most appropriate in serving a specific need, understand the characteristics of the different types of institutions, knowing the purpose of each and how they differ from one another. The categories of financial institutions include insurances, private companies, cash equivalents, fixed-income securities, stocks, pooled funds, real estate investing, cooperatives, cryptocurrency, businesses and the forex market.
Do not assume yourself to be a know-it-all person. It is always good to seek advice and learn more from professionals. Learning is a process and also a journey- enjoy the ride.
When God gave us the command to rule over the earth, give a name to every creature, and take care of all His creations. Therefore, we must consider how to use the authority God has given us. Financial growth takes time to grow. Spiritual growth requires investing time to read and listen to His Word.
It takes dedication and sacrifices. The same goes with increasing your finances, which requires investing in learning the industry, the market, techniques, processes, tools and methodologies by reading books, articles and stories and listening to talks, discussions, forums, and lectures.
It is most advisable to put your money on investment vehicles when you know the flow, process, and operations.
Investing in yourself is exploring what you need to know and identifying things that you need to rule. You need to check over your finances, catch on to its purpose, learn how to grow it, and handled it manageably. Investing in yourself makes added value to you and sharing what you have learned so that others will also benefit.
Investing in yourself means learning. Do you want growth in your finances, keep on learning. Invest in wisdom, ask for wisdom from God. Remember that whatever you are doing now will affect your future. Keep on renewing your mind.
The mind is vulnerable: sometimes it has an open gateway for corruption, so we need to guard our hearts and mind-renew them daily, making sure that it is being fed by healthy thoughts and filled with valuable insights. Be confident in every step you make; but stay humble.
There is a thin boundary between confidence and pride. Whatever your goal is, God knows your motives, and He knows everything. He will never give you anything that you are not able to handle. He will guide you in His directions and detailed instructions as you walk by His will. Be prepared and equipped with the necessary learning and experience for whatever challenges you may face on your journey to achieve your goals.
Investing in yourself is not just determining the financial institution where you will invest, your risk profile, and the market flow. Those are just some of the ways in how you can invest in yourself. Attending seminars about financial planning is also an investment that you can make to yourself. Aside from forums on finances, considering leadership, entrepreneurship, personality development will give you further learning, strategies and experiences from other people’s stories and principles. These may serve as your inspiration and encouragement to start, keep going and achieve your goals.
Rodora Mendoza is a registered financial planner of RFP Philippines. To learn more about personal-financial planning, attend the 91st RFP program this July 2021. To inquire, e-mail [email protected] or text at 0917-6248110.