I know we are in a deep recession and most financial investments are way down but what about your other investments? How are they doing?I can hear some people already saying, “Is Lee crazy? Does he know we are in a terrible recession and I can’t save a dime and that all of my investments are down dramatically?“ Investments are really necessary and important in all parts of your life. Just understanding the concept of investments is really important.
The obvious question might be: “How are your investments in your retirement coming along?” That is a good one, and one that all of us need to figure out early in our lives so we are ready 30 to 40 to 50 years from now. Put a little away for a long time, and the power of interest and time will surprise you.
The other point of view on investments is in other areas of your life.
- How are your investments in your health doing?
- How are your investments in your relationships at work doing?
- How are your investments in your relationship with your family doing?
- How are your investments in your children’s education doing?
- How are your investments in your children’s self-esteem and self-confidence doing?
- How are your investments in your relationships with your friends doing?
- How are your investments in your personal development doing?
- How are you investments in your education doing?
I could go on and on with these questions, but I am sure by now you get the point. Without investing in these things, you will not receive the payoff in the future; and by the way, they are all tied together like a puzzle. Don’t invest enough in one and some of the others won’t pay off either—and like a puzzle, the picture will not be complete without all of the pieces in place.
Nothing is for free. Most of the things above require an investment of your time and attention.
Some of the things above require you to focus on others versus just on yourself. Some require you to sweat a bit, and some require you to be organized and plan your day properly.
If you don’t take the time every day to think about your entire life and what investments you should be making for your future, you will get exactly what you invest. Invest nothing . . . and you get nothing. Invest a lot . . . and you get a lot. Isn’t it strange how simple life really is?
Do some people have to invest more because of their personal situation or because life dealt them a rough hand? Yes, they do; but the way out of one’s situation is to buckle down and make the right investments. Remember that when you start out you have 40 to 50 years to get it right . . . and the sooner you start investing in your future in all parts of your life, the sooner you will see the returns. Some returns will be financial . . . some will be peace of mind . . . some will be good health . . . some will be good friends . . . and some will be a stable, happy home life.
If you have been to my Time/Life Management Seminar, you know that one of the first questions I ask is: “What Should You Do Today That Won’t Pay Off For 5, 10, 15, 20, 25, 30, 35, 40, or Even 50 Years?”
The other question is: “Who is the most responsible for keeping your life under control?” Answer: YOU.
Now that you know some of those things, get busy figuring out your Investment Strategy, as the clock is ticking. . . . Lee