There are approximately 2,755 billionaires in the world. But, what may really surprise you is that nearly two-thirds of these are self-made billionaires. That means anyone can become a billionaire, you just need to know how to get started, how to invest money, and how to invest in yourself. Because that is the secret to many self-made billionaire’s success; investing in themselves
The Best Investment Advice You Will Ever Get
Ask anyone who has made money and they will tell you that investing is the only real way to dramatically increase your wealth and become a millionaire or even a billionaire. But, the best investment advice that so many people is to invest in yourself.
In other words, you need to dedicate time to learning, this is an investment in yourself that pays off over time. Perhaps the simplest approach to this is to use a 47-hour rule. If you work 40 hours a week then you should spend 7 hours on self-improvement. That is learning new skills.
This only equates to one hour a day. However, consistently doing this will make a huge difference in the medium to long term.
Investing in yourself doesn’t need to be difficult. Here are five techniques to help you get started.
Warren Buffett is one of the best investors currently alive and he states the reason for his success is that he dedicates a large chunk of his day to reading. In fact, it has been said that at the start of his career he would read up to 1,000 pages per day.
Reading about your industry and subjects that interest you will broaden your knowledge and ability to see new opportunities.
Take A Course
Many self-made billionaires still take courses on a regular basis. This is actually some of the best investment advice you can get. A course improves your skills in your chosen field. You can, and should, also take courses in other fields.
It encourages a cross-over of skills which boosts your performance and creativity skills.
It doesn’t matter if you do a course online or in a classroom, as long as you are committed to learning.
One of the best ways to discover skills, such as how to invest money, is to get private coaching. You can get private coaching to boost your knowledge of investing, coaching for personal fitness, and a wide variety of other skills.
Most people find that one-on-one coaching allows them to learn faster and is more challenging. That means you will get more out of the experience.
Of course, private coaching costs but, if you can afford it, you’ll find it is a great way to invest in yourself.
Make Time For Yourself
One of the most important things you can do is to make time for yourself. This is often increasingly difficult in the modern world where people are busy and there never seems to be enough hours in the day. But, creating time for yourself allows you to read and undertake courses.
You simply need to look at your average day and work out when you can find time for yourself. This may be by getting up an hour earlier or perhaps staying up an hour later.
Whatever you choose, make it part of your schedule and stick to it.
Mental health issues are becoming more recognized, making it easier to face issues and deal with them. However, the best approach, especially when investing in yourself, is to avoid the issues in the first place.
That means finding a little extra time every day to unwind. Simply techniques such as breathing exercises, meditation, and even the act of reading can help you to de-stress from a hectic day. This will allow you to re-focus.
You’ll find all problems seem easier to resolve when you are not stressed. Try it for yourself!
The bottom line is that the only way you can hope to better yourself is to invest and believe in yourself. This will give you the confidence, direction, and desire to succeed, helping you to become the next self-made billionaire.