5 things for yourself that are worth spending money on
Achieving financial independence is one of the goals that we all need to be continuously working towards. Most of us think more about what we do not want to spend money on and less about what we should be spending our money on. It is crucial to spend money on things that improve you and your life.
In this blog post, we will explore five things that we can spend our money on that will generate great returns. Check out more Her Finances blog posts for practical tips to help you achieve your financial goals.
#1: Learning and developing skills
Investing in your personal growth is one of the best things you can spend your money on. If there are new skills that you want to acquire, now is a great time to start. Every year, I set learning goals to ensure that I am growing my knowledge. Investing in myself reassures me that I am doing something good for myself and building a great future. Knowledge is absolutely something that has huge returns.
Questions to consider
What new skills do you want to learn?
How much are you planning to invest in your learning over the next months?
#2: Things that simplifies your life
We all have areas of our lives where we feel like we would be more effective if we had some help. This is one area that I have decided to spend more money on. I realized that my time is too precious to be spending doing or worrying about some tasks. I had to learn the hard way, trying to do everything on my own while working full time and taking care of a baby. I am grateful to be in a place in my life where I can get help and delegate some tasks.
Questions to consider
What tasks can you delegate to someone else?
Where can you save time to dedicate to something you enjoy?
#3: Opportunities to build wealth for the future
The concept of investing your money wisely and increasing your returns is a great thing. Find what you want to invest in and how much works for you. This is also an area where I have been learning a lot and taking small steps. You can start small and continue to increase your investments over time. The great news is that there are many great resources that can help you.
Questions to consider
What can you invest in to build your wealth?
How can you start investing?
#4: Starting a business or side hustle
If you have a great business idea, invest in it and enjoy the rewards. The benefits include satisfaction from living out your dreams and also financial gain when your business is profitable. We all want to look back on our lives and be proud that we invested in our dreams. My life really changed when I built my business and started working on my passion projects.
Questions to consider
What passion projects do you want to invest in?
How can you invest in growing your business?
#5: Having fun and building memories
For the longest time, I felt that spending money on experiences like vacations or other fun activities was wasting it. Especially over the last year, I have realized that the memories we create are priceless. Having fun is a great way to recharge and enjoy yourself.
Questions to consider
What fun experience are you planning to have over the next month?
How can you make building memories a routine part of your life?
Final Thoughts
You are a great asset, and you deserve to be invested in. Investing in your development is a way of showing yourself how much you value yourself.
Time for Reflection
Are you investing in yourself today?
What area of your self-development do you want to invest in?
What steps are you going to take first towards investing in your growth?
