3 simple ways to invest in yourself
Before I landed my dream job as a Therapeutic Preschool Teacher, I held a number of differing occupations. Each taught me something valuable about life situations, social interactions and everything in between.
Of all the jobs I’ve held, one in particular gave me a whole new outlook about the concept of money: being a bill collector.
Oh yes, friend. I used to get paid to have complete strangers cuss me out over the phone about their car note.
In my newfound passion for finance, I found out just how important (and easy) investing in yourself can truly be. I started off slowly and mainly invested my money in myself the following ways:
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Number 1: Books, Books, BOOKS!
I’ve loved to read since I was a toddler and got my first library card at just 5 years old. This may come across a bit biased, but submerging yourself in certain reading material does a world of good for teaching yourself a concept. I personally also love reading to get myself started on a project. Now, I’m not saying you have to haul off and purchase expensive textbooks; there are plenty of books (audio and traditional) that can still get you going. Here’s a lost of a few that I’ve read (or am reading right now):
- “Brave Enough to Succeed” by Valorie Burton
- “The Life Changing Magic of Tidying Up” by Marie Kondo
- “The Success Principles” by Jack Canfield
- “The Four Hour Work Week” by Timothy Ferris
2: Classes and Workshops
Besides being an auditory learner, I love having a visual way to follow along with what I’m learning. Depending on what you’re trying to learn, you’d be surprised how easy it is to find information on your own instead of going to a university. (But to that elf with a dream of being a dentist, yeah you’re gonna have to go to uni, Love…) Two of my favorite places to learn are YouTube and Skillshare.
YouTube truly saved me during my chemistry and pre-calculus days in high school and college. When it comes to mathematics and science, I personally get along better when I have an instructor doing it with me rather than reading about it. This truly came in handy when I became a bill collector and wanted to understand more about interest.
Once I started grasping the concept of interest and financial planning, I wanted to learn more about how to incorporate what I was learning into my own life. I didn’t stop seeking YouTube videos, but I also added Skillshare to the mix. The instructors on Skillshare are extremely knowledgeable about their craft or skill, and I can tell I’m getting the best information there.
Upgrading my visual learning from YouTube to Skillshare gave me an entirely deeper level of knowledge and information; not to mention it was nice that the classes were more organized and I wasn’t getting clickbaited every couple of videos.
Skillshare is extremely affordable (just $20/mo or $99/yr); especially considering the loads of classes you’re able to take. Highly recommend!
Number 3: Roth IRA
Now this one was a bit new to me. Besides learning about interest and the joys of loans, my job as a bill collector had another perk: a 401K. I had never gotten an opportunity to have one, but I knew from my parents that it was a way to save for my future.
Now that I got the opportunity to have a retirement account, I wanted to learn more about how I could get the best benefits from it and any other options I might be able to snag.
In my research, I came across what’s known as a Roth IRA; in other words, a retirement account funded with after-tax dollars with the withdrawals being tax free. (Of course this is in a nutshell. I may make a post in the future about Roth IRAs and how I specifically got started.)
With this newfound information, I started off with a few apps that were much easier for me to understand than the financial mumbo jumbo I was getting from gurus across different platforms. Once I got more comfortable, I would upgrade my apps and invest more money to set myself up for the future.
For those that are still learning about retirement accounts and want a simple platform to start, I highly recommend Stash. They let you start small and invest with as little as $5. The platform is simple and down to earth with easy to understand mutual funds that each have their own description to help you. I’ve been investing in Stash for a couple of years, and for the next month, using my link and investing only $5 will gift you an additional $25 to get you started!
I say all this to say: investing doesn’t have to be difficult or complicated. I’ll admit that finding people that can break things down to the skill level of a second grader can be pretty tough, but like getting smart about your money, it isn’t impossible.