The Best Investment You Can Make

Summary

• You always have limited resources, primarily time and money, so use them wisely for the best leverage.
• Investing $11,000 in the S&P historically gives a 9-10% return per year, roughly turning it into $11,100.
• Compare this with investing the same amount in a sales training course that enhances your selling skills.
• With improved skills, your income could increase significantly, for example from $40,000 to $220,000 yearly.
• The knowledge and skills gained from education aren't lost; they grow over time and can't be taxed or taken away.
• In my view, investing in self-education and skills can provide returns far beyond traditional investments.

Video

How To Take Action

I would suggest focusing your limited resources on gaining skills over traditional investments. Think about it: if you have some money to spend, like $11,000, you can put it in the S&P and hope for a 9-10% return. But there's a more impactful way to use that money.

A smart way to start is by investing in yourself. Take a sales training course or something that directly boosts your skills. For example, good sales training can help you go from earning $40,000 a year to $220,000. That's a huge leap compared to a small percentage return from stocks.

Remember, education and skills are the gifts that keep on giving. They keep growing over time and can't be taken away. Prioritize learning things that can multiply your income or improve your efficiency. If you're tight on cash, look for free or cheap resources online to get started.

When trying new skills, practice daily and seek feedback from others to improve. Track your progress to see how your income or productivity increases. Regularly evaluate what skills are most relevant to your goals.

In short, make learning and skill development your main focus. That’s where the real value lies. Once you've mastered certain skills, your opportunities for growth will be endless.

Full Transcript

right now you have limited resources you have time and you have money now you might have more time than money but either way you have some limit on what you have so you want the thing that gives you the most leverage if I have let's say $11,000 when you invest $11,000 into the S&P you get99 to 10% a year at least that's what it's done historically so the question is rather than investing in this we just have to say can we do anything that gets us more than 10% back now we can quantify this we have our $1,000 we get 10% meaning at the end of the year we're at $ 11,100 doll roughly okay or you buy a sales training course and they teach you how to sell and you get implementation from that where they review some of your calls so that you can improve and all of a sudden you take your income from 40,000 a year to 220,000 a year in scenario one you have $1,100 in scenario two you have an extra $180,000 so compare this to that but here's the crazy part this is every year if you think about it from actually investment perspective like education can't go down it can't be taxed it can't be taken from you and only gets better over time right and it compounds unto itself is that worth it more than putting the the money in the S&P in my opinion every time