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Eighteen Ways to Invest in Life

Eighteen Ways to Invest in Life
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    Do you invest your money? Putting away a portion of your income into an investment plan creates more money later. With interest rates and financial pundits it is easy to see why financial investment makes sense.

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    But what about investment in other areas? Do you invest in your time, brain, body or space? What about investments in the books you read and friends you meet? Although few areas of life have the precision of an investment account, applying investment principles to other situations can have incredible gains.

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    Here are a few started points to consider your investment into life:

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    1. Mind. How much time do you spend learning? Not just studying for mandatory courses, but subjects you seek out only to learn. You can’t predict the value new information will have until you learn it. So pick up a book and start investing in your brain.
    2. Body. Until medical science allows full body transplants, your stuck with your body for awhile. Putting in the right investments of exercise and healthy eating will ensure it can pay out later. Extra energy, less sick days, increased mobility and a longer life are just a few of the returns.
    3. Skills. What skills may come in handy later? Knowing how to prepare your taxes? How to fix your computer? PHP? Spend a half hour each day investing into a skill.
    4. Order. A small amount of time spent creating an organizing system can save dozens of hours otherwise lost. A simple system to order your tasks and office will keep mess from compounding.
    5. Tools. Need to upgrade your computer? Or maybe you just need to do a quick reformat to clean out the hard drive. Craftsmen keep their tools sharp, why not yours?
    6. Writing. Do your e-mails look like they were written by a thirteen year old on an instant messenger chat screen? Writing isn’t going away any time soon, so learn to communicate clearly in print.
    7. Network. Building a professional and private circle of friends is something you can’t do on demand. It takes considerable upfront investment, often when you don’t really need it. But having an extended network can give you access points to opportunities later.
    8. Communication. How are your speaking skills? Can you do a fantastic cold call? Are you good at talking to strangers? How about empathizing with a friend? Find opportunities to invest in your communication skills.
    9. Stories. Are you living a life worth talking about? I like to see interesting experiences as being investments in stories later. Do something worthy of telling stories later.
    10. Courage. Make getting uncomfortable a habit. If you regularly flex your emotional muscles in handling new situations you are better prepared for when you really need to. You don’t need to take huge steps, just small investments.
    11. Work Ethic. Invest in creating the character traits to get stuff done. Investing in these core traits are easier because the act of investment is useful in itself. While exercising at the gym may lead to a healthy body it doesn’t create new value. Finishing projects, building discipline and developing a productivity system will invest in a work ethic while adding value.
    12. Leaky Faucets. The drip-drip-drip of a leaky faucet can waste huge amounts of water over time. But water loss isn’t the only type of leaky faucet you can encounter. If a problem is small but likely to reappear, fixing it immediately can save enormous costs later.
    13. Habits. Your regular routine is an often neglected but incredibly important aspect to consider. You can’t turn yourself into a robot, but you can take simple steps to ensure your daily activities flow smoothly. Eating habits, sleeping habits, work habits and your daily rituals all contribute to your life.
    14. Strong Connections. Networking isn’t just about adding names to a Rolodex or a Blackberry. Having close professional and private bonds can be an incredible asset. Investing in empathy, listening and softer, more passive, skills can be an incredible asset in making you a people person.
    15. Rest. Frustrated stress is an emotional debt. Although it’s good to have a challenge you also need to invest in your psychological well-being. Finding outlets for frustrations and creating rituals to recover your energy can ensure you don’t accumulate debt payments later.
    16. Basics. Invest in the areas of your life that come up frequently. If mastered, basic skills, routines and places can reduce the amount of work you need to do. Basic skills such as cooking, reading, exercising and listening all benefit from investments.
    17. Appearance. You could definitely argue that the world is far too shallow, and I’d have to agree. But your appearance and attire is a subtle form of communication about yourself. So if you’ve been sporting the four day stubble and your shirt has one too many holes, maybe it’s time to invest in that first layer of communication.
    18. Business. Anyone who tells you that running an online business or self-employment is easy is either a liar or a fake. That being said, working on your entrepreneurial skills has advantages that go beyond money. Besides doing something you love, you can make new connections, build a reputation and immerse yourself in an environment of learning. I know many people that have started businesses, and while it definitely takes work, the investment is usually worth it.

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    Scott H Young

    Scott is obsessed with personal development. For the last ten years, he's been experimenting to find out how to learn and think better.

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    Last Updated on July 27, 2020

    20 Time Management Tips to Super Boost Your Productivity

    20 Time Management Tips to Super Boost Your Productivity

    Are you usually punctual or late? Do you finish things within the time you stipulate? Do you hand in your reports/work on time? Are you able to accomplish what you want to do before deadlines? Are you a good time manager?

    If your answer is “no” to any of the questions above, that means you’re not managing your time as well as you want. Here are 20 time management tips to help you manage time better:

    1. Create a Daily Plan

    Plan your day before it unfolds. Do it in the morning or even better, the night before you sleep. The plan gives you a good overview of how the day will pan out. That way, you don’t get caught off guard. Your job for the day is to stick to the plan as best as possible.

    Here’s How to Create a To-Do List that Super Boosts Your Productivity.

    2. Peg a Time Limit to Each Task

    Be clear that you need to finish X task by 10am, Y task by 3pm, and Z item by 5:30pm. This prevents your work from dragging on and eating into time reserved for other activities.

    3. Use a Calendar

    Having a calendar is the most fundamental step to managing your daily activities. If you use outlook or lotus notes, calendar come as part of your mailing software.

    I use it. It’s even better if you can sync your calendar to your mobile phone and other hardwares you use – that way, you can access your schedule no matter where you are. Here’re the 10 Best Calendar Apps to Stay on Track .

    Find out more tips about how to use calendar for better time management here: How to Use a Calendar to Create Time and Space

    4. Use an Organizer

    An organizer helps you to be on top of everything in your life. It’s your central tool to organize information, to-do lists, projects, and other miscellaneous items.

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    These Top 15 Time Management Apps and Tools can help you organize better, pick one that fits your needs.

    5. Know Your Deadlines

    When do you need to finish your tasks? Mark the deadlines out clearly in your calendar and organizer so you know when you need to finish them.

    But make sure you don’t make these 10 Common Mistakes When Setting Deadlines.

    6. Learn to Say “No”

    Don’t take on more than you can handle. For the distractions that come in when you’re doing other things, give a firm no. Or defer it to a later period.

    Leo Babauta, the founder of Zen Habits has some great insights on how to say no: The Gentle Art of Saying No

    7. Target to Be Early

    When you target to be on time, you’ll either be on time or late. Most of the times you’ll be late. However, if you target to be early, you’ll most likely be on time.

    For appointments, strive to be early. For your deadlines, submit them earlier than required.

    Learn from these tips about how to prepare yourself to be early, instead of just in time.

    8. Time Box Your Activities

    This means restricting your work to X amount of time. Why time boxing is good for you? Here’re 10 reasons why you should start time-boxing.

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    You can also read more about how to do time boxing here: Get What Matters Done by Scheduling Time Blocks

    9. Have a Clock Visibly Placed Before You

    Sometimes we are so engrossed in our work that we lose track of time. Having a huge clock in front of you will keep you aware of the time at the moment.

    10. Set Reminders 15 Minutes Before

    Most calendars have a reminder function. If you have an important meeting to attend, set that alarm 15 minutes before.

    You can learn more about how reminders help you remember everything in this article: The Importance of Reminders (And How to Make a Reminder That Works)

    11. Focus

    Are you multi-tasking so much that you’re just not getting anything done? If so, focus on just one key task at one time. Multitasking is bad for you.

    Close off all the applications you aren’t using. Close off the tabs in your browser that are taking away your attention. Focus solely on what you’re doing. You’ll be more efficient that way.

    Lifehack’s CEO has written a definitive guide on how to focus, learn the tips: How to Focus and Maximize Your Productivity (the Definitive Guide)

    12. Block out Distractions

    What’s distracting you in your work? Instant messages? Phone ringing? Text messages popping in?

    I hardly ever use chat nowadays. The only times when I log on is when I’m not intending to do any work. Otherwise it gets very distracting.

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    When I’m doing important work, I also switch off my phone. Calls during this time are recorded and I contact them afterward if it’s something important. This helps me concentrate better.

    Find more tips on how to minimize distractions to achieve more in How to Minimize Distraction to Get Things Done

    13. Track Your Time Spent

    When you start to track your time, you’re more aware of how you spend your time. For example, you can set a simple countdown timer to make sure that you finish a task within a period of time, say 30 minutes or 1 hour. The time pressure can push you to stay focused and work more efficiently.

    You can find more time tracking apps here and pick one that works for you.

    14. Don’t Fuss About Unimportant Details

    You’re never get everything done in exactly the way you want. Trying to do so is being ineffective.

    Trying to be perfect does you more harm than good, learn here about how perfectionism kills your productivity and how to ditch the perfectionism mindset.

    15. Prioritize

    Since you can’t do everything, learn to prioritize the important and let go of the rest.

    Apply the 80/20 principle which is a key principle in prioritization. You can also take up this technique to prioritize everything on your plate: How to Prioritize Right in 10 Minutes and Work 10X Faster

    16. Delegate

    If there are things that can be better done by others or things that are not so important, consider delegating. This takes a load off and you can focus on the important tasks.

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    When you delegate some of your work, you free up your time and achieve more. Learn about how to effectively delegate works in this guide: How to Delegate Work (the Definitive Guide for Successful Leaders)

    17. Batch Similar Tasks Together

    For related work, batch them together.

    For example, my work can be categorized into these core groups:

    1. writing (articles, my upcoming book)
    2. coaching
    3. workshop development
    4. business development
    5. administrative

    I batch all the related tasks together so there’s synergy. If I need to make calls, I allocate a time slot to make all my calls. It really streamlines the process.

    18. Eliminate Your Time Wasters

    What takes your time away your work? Facebook? Twitter? Email checking? Stop checking them so often.

    One thing you can do is make it hard to check them – remove them from your browser quick links / bookmarks and stuff them in a hard to access bookmarks folder. Replace your browser bookmarks with important work-related sites.

    While you’ll still checking FB/Twitter no doubt, you’ll find it’s a lower frequency than before.

    19. Cut off When You Need To

    The number one reason why things overrun is because you don’t cut off when you have to.

    Don’t be afraid to intercept in meetings or draw a line to cut-off. Otherwise, there’s never going to be an end and you’ll just eat into the time for later.

    20. Leave Buffer Time In-Between

    Don’t pack everything closely together. Leave a 5-10 minute buffer time in between each tasks. This helps you wrap up the previous task and start off on the next one.

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    Featured photo credit: Unsplash via unsplash.com

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