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What You Should Really Invest In If You Want To Be Successful

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What You Should Really Invest In If You Want To Be Successful

What do you think of when you hear the word “invest?” What do you think of the word “success?” Doing the first will lead you to having the second, but how?

What I Thought Success Required

As a child and early teen, my vision of success came from my parents and society. My parents encouraged me to learn all I could at school. So I did. I focused deeply on my studies. My grades were great and I was in the top three in my high school class. It didn’t matter the subject, over time I learned to enjoy them all—except gym class, I wasn’t really into sports. But I knew that was fine. Education would rescue me.

The odds are that you were given the same story: get an education, get a good job, stay at the company for 40 years and retire with a big pension. If we’ve learned anything since the Crash of 1987 and the 2008 Recession, it’s this: jobs aren’t stable.

Success Will Cost You

I know you want success. So do I. But the idea of coasting to success based on a degree (or multiple degrees) and a single company just doesn’t happen anymore. You know success is possible, but how? You have to pay the price. You have to make the investments. Not the investments in mutual funds, real estate, or the stock market (although those have their places). No, you have to make investments that will have a positive return—no matter what happens to the market, or your job, or anything else over which you don’t have complete control. Here are the five areas you should really invest in if you want to be successful.

1. Invest in Books

According to Pew research, half of all American adults read less than 5 books in 2013. That number is essentially unchanged from previous years. Five books in a year is a relatively low number. However, if they were books to help you succeed and you applied all of the principles, then you might benefit very much!

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Success Books

    What are people actually reading? According to author Tom Corly,

    People who make $35,000 or less per year read for entertainment 79% of the time.

    People who make $160,000 or more per year read for entertainment only 11% of the time.

    People who make $160,000 or more per year read two or more books per month in areas specifically targeted to help them grow personally and/or in their careers.

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    Among the $35,000 and below income group? 15% read the same number of books in those areas.

    It’s pretty clear that investing in reading the right kinds of books can make a great difference in your level of financial success!

    2. Invest in Events

    In one of my businesses, I went from a $500 investment to over $70,000 in monthly revenue—in seven months. My wife and I were working out of our home helping people to lose weight and get in shape. It was so much fun! But do you know what we did before we made much money at all? We went to an event to learn from people who had already done so.

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      No matter your industry, there are likely events that you could attend. In the automotive industry, there are the Detroit and Chicago auto shows. In electronics, there is the Consumer Electronics Show. Real estate investors have multiple conferences per year. When you invest in attending an event, you not only learn, but your vision grows. You see not just where you are, but where you can be. In talking about mission trips for people (a very specific type of event investment) best-selling author and pastor Mark Batterson puts it this way, “A change in place plus a change in pace equals a change in perspective.”

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      3. Invest in a Coach or Mentor

      Do you know why you are reading this article right now? Let me share two of the reasons: I attended an event and I hired a coach. You may know exactly what you want to do for success. You may have a vision board, a series of daily affirmations, and wonderfully specific goals. But do you know how to make it all happen?

      Mentor

        Do you know all of the small details, or the possible pitfalls? Do you know where making a tiny change could result in a huge return? Do you know where you are just beating your head against the wall and need to stop? No? But guess who does: someone who has already been there. When you hire a great coach, you will save yourself years of frustration and thousands of lost dollars. They will lead you, correct you, encourage you, and (like events) show you a vision bigger than your own. Take your money and invest in a coach, or suffer the consequences of trying to figure it out on your own.

        4. Invest in Relationships

        Success isn’t all about money. How happy will you be if you are making $10 million per year but have no friends or loved ones with whom to share your time? I’d rather be flat broke (and I have been) and happily married than insanely wealthy but all alone.

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        Relationship

          When you are climbing the ladder of success, don’t leave behind those you love most! Lift them into their own success and enjoy the climb together. Invest in relationships because they are worth more than the most precious of diamonds.

          5. Invest in Health

          When I was in my mid-thirties, I decided to take charge of my weight. In less than a year, I was down over 50 lbs. Overall, I lost around 72 lbs from my heaviest and am now in my target weight range. When I was 42, I took up running. I’ve now been a runner for more than four years (feel free to do the math). Do you know why I made these changes and why you should too?

          Running

            Investing in your health has three main benefits:

            • You’ll feel much better: greater energy, a zest for life, and finally enjoying how your body performs.
            • You’ll inspire others: my wife, son, his wife, and a bunch of people I mentor are runners now.
            • You’ll live longer: success does you no good if you are dead. When you invest in your health, you’ll be around for more years to enjoy and share your success with those you love.

            Conclusion

            The idea that a degree and a life-long job will bring success no longer rings true. If you want success, you have to make it happen yourself. Success IS attainable—if you make the right investments. Investing in books (print, electronic, or audio), events, a coach, relationships, and your health will get you the success you so greatly desire… and will help you to bring others with you along the way.

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            More by this author

            Troy Stoneking

            Troy is a coach and speaker who helps people develop amazing relationships and love their work.

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            Last Updated on January 13, 2022

            How to Use Travel Time Effectively

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            How to Use Travel Time Effectively

            Most of us associate travel and time with what we’re going to do one we get to our destination. Planning and mapping out what to do once you arrive can certainly make for a more pleasurable vacation, but there are things you can do while you are on your way that can make it even better.

            Sure, you can plan for the things you’re going to do on your vacation while you are travelling en route – but what about making use of that time for other things that you don’t usually do when you’re at home? You don’t need to have your gadgets with you to do it, and you can really connect with yourself if you take the time to manage your life while heading towards your vacation destination.

            Here are some great tips to help you with your time management while you travel, some of which are more conventional than others. Nonetheless, you can find out what works best for you and apply them accordingly depending on when and how you are travelling.

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            1. Take Your Time Getting There

            As I write this, I’m on a flight to San Francisco. Flying is the fastest way to get from place to place, and for many people it’s really the only way to travel.

            But I’ve often taken the train or ferry on trips so that I have extra time without distraction to get more done. I’m not worrying about navigation or lack of space to do what I want to do. Instead I’m able to focus on getting stuff done during the time I’ve got without feeling rushed. For example, when I took the train from Vancouver to Portland, it was an eight hour trip and I managed to get a ton of writing done and closed a lot of open loops. It also was less expensive than flying, which was a bonus.

            Sometimes taking the long way to get somewhere on vacation can be the best thing for you to get somewhere with your life.

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            2. Go Gadget-Free

            This is going to be a tough one for a lot of you. But why do you need to bring your gadgets with you when you go on vacation? It isn’t be a bad idea to leave all but one of them behind, and only pull out that one when you absolutely need to do so. In some countries, you’d be wise to be discreet with them anyway since flaunting them in front of those that are less fortunate than you isn’t a good practice. While it may not seem like flaunting to you, in different cultures it can definitely come across that way.

            If you can’t go gadget-free, then at least go Internet-free. If you use a task management app that requires syncing across your multiple devices to be effective, remember that if you only have the one device with you then it can be the “master device” for the time being and will store your data locally anyway. Just sync up when you get home.

            3. Reflect and Prepare

            Finally, going on any sort of excursion gives you the perfect opportunity to reflect on where you’ve been. The fact you have removed yourself from where you usually are can give you a perspective that you simply can’t get when you’re at home. You may want to journal your thoughts during this time – and by taking more time to get to your destination you’ll have more time to dig deeper into it.

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            After a period of reflection – however long that happens to be – you can then begin to not only prepare for the rest of your travels, you can prepare for the rest of what happens afterward. The reflection period is important, though. You need to really know where you’ve been in order to properly look at where you want to be. Time away from things gives you that chance.

            Conclusion

            Traveling isn’t always about where you’re going and how quickly you can get there. In fact, it’s rarely about that at all.

            More often it’s where you’re at in your head that will dictate how much you benefit from traveling. So don’t just go somewhere fast. Instead, take your time on the way there and take the time to connect with not only where you are but who are while you’re there.

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            If you do that, you’ll have a better chance to be who you want to be when you leave.

            Featured photo credit: bruce mars via unsplash.com

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