Do You Treat Yourself Like Stock?
Do you invest in yourself as if you were investing in publicly-traded stock?
You’re either an entrepreneur or soon-to-be entrepreneur if you’re reading this, which means you are the engine behind your own personal capital gains.
When investing in stocks, you have to look for several key factors before you place your bets.
- It should be a good value. If the price is inflated due to over-speculation, then you will have little chance of making a profit.
- It should be a solid company. If you invest in a company that is poorly managed, then it will decline in value.
- It should be growing or on the cusp of growing. A company that is in a growing market will have a greater chance of making you a profit than one in a declining market. A company that is growing should be worth more in the future and you’ll be able to extract your capital gains.
Since you are your own financial vehicle, you have to make sure you treat yourself like a company.
Do you need new skills to grow your business? If so, you invest in those skills. Maybe those skills are market strategy related or selling techniques or direct-response advertising or any number of skills needed to run a successful business.
Invest To Become A Growth Stock
As you grow and your company grows, you’ll need to invest in higher skill levels like finance, management and negotiations.
When you look at yourself, analyze your capabilities for growth and then invest in the areas you need to achieve your capital gains.
I’m a big proponent of learning. I’ve spent a lot of money and time on my education to get and hone skills needed to be really good at marketing strategy. Sometimes I’ve invested poorly.
There have been times in my life that I bought courses that promised I could make tens of thousands of dollars in a week or I bought quality education and didn’t used it.
Just like investing in stock, you can’t let your emotions, specifically greed and fear, influence your decisions. When a stock looks too good to be true or an info-product promising you riches galore, you have to pass on it. You won’t be investing — you’ll be gambling.
If you do invest in a quality stock or training program, don’t let fear stop you from getting your capital gains. Many people buy stock in a great company and then sell it at the slightest downturn in the stock market. My guess is over 90% of people who buy training programs never use them. They never extract a profit from the education they bought. They just lose their money.
Foolish Education Investing
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Here’s to you being a Growth Stock.
Enjoy your Foolish Investing,
Tim
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