Invest in yourself: It's in your best 'interest' (My Article No.250)

World's Top Billionaire investor Warren Buffet says the very best investment you can make is one that “you can't beat,” can't be taxed and not even inflation can take away from you. “Ultimately, there's one investment that supersedes all others: Invest in yourself,” Buffet says in a recent interview with Forbes. Buffet invests only in companies he thoroughly researches and understands. He doesn't go into an investment prepared to lose, and neither should you. Buffet believes the most important quality for an investor is temperament, not intellect. A successful investor doesn't focus on being with or against the crowd.

Former Bank Director Don Smith says "Why do people say that investing in yourself is the best investment? I’ve written several articles on the maths behind investing in yourself, and the returns you can get from that are INSANE." Have a look at how he calculates : Take a look at the stock market. The average returns hover somewhere around 7%[1] depending on what long term period you look at. Now think about investing in your education. A college degree, on average, will run you $112,000. That’s a lot of money, but that degree, on average, will buy you an extra $28,548 a year. Investing 101 quiz: What’s the return on that? Answer: Roughly 25.5%. Where else are you going to get a 25% return on your investment? Now look at a certification. There are many certifications out there that you could buy for a few thousand dollars that will net you $20,000 or more a year in salary increase. That’s a return of over 1000%!!! Isn't it an amazing calculation to prove the point!!

Therefore it is very logical and advisable to ask the executives go for up-gradation of their own skill sets by joining some short term courses which does give us a high return on the investment. Another point in this case to prove is my Son has attended an executive management 8 week programme at University of Berkeley, San Francisco and for which he had to travel to West Coast 4 times in a year but all those costs including his hostel stay and meals together gave him a fantastic rate of returns on his investment when he got a good break in his own organisation at a much higher level position with fat package which justified what he had invested in a year's time.

Most people once they graduate never read another book. Not one, Ever! And Social media? Yeah. Texts? Of course. Emails? Sure. Blogs? Some.Books? Are you freaking kidding me?So if you do what the crowd does you will get what the crowd gets. If you want to rise above the mediocre you have to become more than mediocre. If you want to be worth more money you need to become worth paying more money to. And the only way to do that is to invest time and money in increasing your knowledge and abilities.

Go on increasing your knowledge, learn some new skill, to develop a better understanding of things and to do that you need to spend (invest) time and/or money. Investment actually means spending on something from where you can generate good returns. Therefore if you invest in yourself, you will generate returns in form of your personal growth or development of a new skill which you can utilise for your profit.

Investing in yourself means to choose yourself a a resource and believe in yourself, educate yourself in school or general knowledge like work/career choices, planning for emergencies, retirement, etc..YOU are the priority and your life is the direct result of your actions. Stay Blessed! #kishoreshintre