So back at Radio Verulam today with the Gorgeous Danny Smith and I was inspired to chat about ‘investments’ by Curly Headed Boy.
It’s spring time, maybe you need a fresh look at your life and a bit of an overhaul?
The question is how to invest in yourself?
We are quite strict that even from pocket money, our kids have to put something aside. It’s just so that it becomes second nature to them and eventually when they start to earn money, they naturally expect to be putting a minimum of 10% away. Otherwise, his head will be automatically working out how he can spend every penny. Instead, he will automatically assume that some money goes into savings.
It’s not about how much money you earn.
Its about the amount of value that you get from it.
And how much money is left at the end of your month!
As he looks like he would prefer a creative career, he is going to definitely have to manage his money really well to weather the highs and lows, as it’s unlikely to be consistent.
Yes, he might be really successful, but it might not be long term, or he might get one big windfall, that he could blow through really quickly. In fact we had an award system, where he earn’t quite a lot of money, and what inspired this post was that he agreed to put 50% of it away into savings.
Imagine if you’d put aside all that money since you were a kid? At 45, I’d have a lot more going on! Women need to be especially aware of the fact that we have a tendency to not prioritise our pensions ahead of the needs of our relationships or families.
If you would like to start, but can’t afford 10%, just work towards it. £5 is enough, as it’s a step in the right direction.
Try to create 2 different savings options:
1) Savings forever (not to be touched apart from investing in houses/education)
2) Savings for fun (don’t pay for Christmas and holidays afterwards when the fun is over)
Check out the rest of my money saving tips here. I have no doubt that they’ll help you out of a financial hole, make sure that you have more value from the money that you spend, and help you to be financially healthier.
This should actually come first in my opinion. There’s no point in saving money if you don’t have a good quality or long enough life.
I know that things happen, and we can’t plan for everything. But there is no doubt that your quality of life will be better if you drink water, eat healthily, and exercise.
I like to focus on being HEALTHY, then FIT (no point in being fit without health), and STRONG (which means toned and tends towards slimmer). Check out all my tips on how to get healthy without dieting or killing yourself with exercise. It’s so easy to try to go for a quick fix, but we all know THEY DON’T WORK!
Then you need to remember that everyone needs downtime, otherwise the levels of cortisol (stress) just get higher and higher and higher. That affects your immune system and leaves you open to illnesses and diseases, like my Fibromyalgia. I know you will get stressed again. But there will have been a dip, and that is what is important.
Remember, that it’s not selfish to take care of yourself!
Have you heard the theory that if you spend 15mins extra a day learning something, then you will overtake your 99% of your peers within a couple of years?
That’s how I did so well in IT. I wasn’t a natural at it, but I studied every night, and within a few years they’d forgotten my initial struggles. Eventually I became a global guru – crazy!
You see it at school every day with kids. The teachers nag parents to read once a night with their children, just for 5-10 mins. It sounds like so little, that it’s easy to drop. However, 3-4 years down the line, it’s really obvious which children did or didn’t get that time. (I know that parents are often busy and it’s not always easy to fit in time with the kids).
However, as old readers will know, I’m not sure about the idea of pushing yourself to pay for a private education, as I’m not convinced it always pays off. Hence we moved Curly Headed Boy from private back into the state sector. So don’t assume that education has to cost lots. Mind you, him being so keen on dancing is a bit of an investment!
I see it as an employer all the time. Those in my team with a passion for learning are on Youtube and keeping up to date and improving constantly. The others are just fine, but they don’t do as well and naturally don’t attract as many customers.
It doesn’t have to be a huge amount of time. Just lots of little consistent bits, is what adds up eventually.
I must admit that I believe that what you give out you get back. If I smile at people, I tend to mainly get smiles back. There are a few grumpy people, but the smiles I get back cheer me up. It’s not any extra pressure on my day to make this little effort, and I get rewarded in bucket loads.
The same goes for ‘paying it forward’. I don’t believe it’s right to be a martyr, or give so much of yourself that you damage your health and family. But our community is important, and there are always things that you can do , however little.
Maybe it’s in helping to spread the word about a new small business on Facebook? A simple share of one of my posts for Espiritu, is amazingly helpful. I have lovely clients who regularly mention us whenever someone asks for a local hair/beauty salon or Spa. I’m really lucky, so I like to help out other businesses where I can.
Perhaps you support the local charity shop where you can by buying from there and giving them things that you are finished with. I’ve made amazing purchases in charity shops in the past, and my kids love them. There was a really interesting post though over on a friend of mine’s blog, where she was feeling guilty about wanting to sell some more expensive items. No you should never feel guilty – it’s not right to put yourself in trouble.
Or maybe it’s helping out at your kids school a couple of hours a week if you have the flexibility?
Remember, you don’t have to solve a WHOLE problem – that’s what often stops people from helping out, donating or volunteering. Just help a little – and all the little bits add up.