The most common mistake that most young people make is the belief that if they can raise capital, they will be able to turn their ideas into reality and engage in profitable activities.
When you’re starting out, waiting for funds to fund your enterprise idea or invest in the stock market is not something you should aim for. You still have a lot of work to do before you’re totally prepared to enter the world of finance and business with confidence.
Table of Contents
If you want to be a good investor, you must first enhance your investment in the following five areas:
1.Invest in yourself
Invest at least 3% of your income in your personal development in order to ensure the future you desire. The money you spend on personal development is the best investment you can make. No one will ever be able to take your investment away from you. What you put into yourself has to improve some area of your life.
You do not need to be an expert in everything, but you must understand the boundaries of your circle of knowledge, what falls outside of it, and what lies inside your circle of objectives, and you must study it. You should be aware of your strengths and shortcomings, as these are two of the most crucial things to be aware of “right now.” Blame yourself all the time:
“How could a week go by and I haven’t learned anything new to help me grow my thoughts and skills?”
2. Invest your time
I have noticed that the majority of people are getting ahead while the minority is wasting their time. Founder Ford Motor Company Henry Ford.
Ask yourself how you spend your time at work, measure the duration of each task, big or small, and keep track of the minutes and hours you waste on unnecessary activities; You’d be surprised how much time you waste this way; This is the first step towards making the most of your time.
The difference between being busy, working successfully, and being productive is how you manage your time. Instead of turning your work into a habit, take some time to focus on improving it and what you’re doing to achieve your goals.
3. Invest in your available resources
Life experiences teach us that the majority of successful people started from the bottom, poor, handicapped, and social ranks, and rose to the highest grades as a result of the challenge and launch from the available resources, whereas some people who won the lottery or inherited money did not recognize the value of what they received suddenly, and spent a lifetime squandering it and living their final days in misery.
There have been successful experiences at the start of the twenty-first century for people who did not inherit their success from their families, but rather adopted the mentality of the possible and had positive protectiveness, which means to begin now, in the same place and time, with the available options.
Instead of working and paving the route to success and spending your resources and capabilities, and progressively climbing the ladder of success, you will doom yourself to a slow death if you sit down and compose a list of things you wanted to be born with but did not achieve.
4. Invest in your youth and energy
Lethargy, helplessness, and sloth are all conditions that impact a person’s vitality and ambition, as well as their psychological state and energy, and productivity, thus the first thing you must do to be a successful person is to improve your talents. A surge of good energy, as well as the evacuation of all inhibitions and bad thoughts.
Invest in your youth; you now have enough potential energy to make your glory; only learn how to use it and then use it. It is naive to believe that there is always enough time after that for everything. Start right away and don’t put it off.
There is no doubt that putting your energy into something productive will pay you handsomely. Those that you see in your surroundings with a lot of activity, distinction, and success are just like you, but they understand the value of their latent energy, believe in their dreams, and invest in them, so take advantage of them and help others.
5. Invest in your relationships
If you follow the counsel of losers, you will become one of them as well; you are a product of your surroundings. How many times have you told yourself not to hang out with individuals who have lofty aims and objectives, but rather to sit with those who provide you the most joy and pleasure in the short term?
Is the quality of your present social contacts improving or deteriorating? Surrounding yourself with successful and amazing people will enable you to become one of them sooner or later; being in a successful atmosphere is half the battle in achieving the life you truly desire.
Look for people who have accomplished great things and form ties with them; don’t start from scratch and reinvent the wheel when you can profit from and invest in the experiences and knowledge of your forefathers.
These are five things you already own; invest them now to reap the benefits later. Every great deed, no matter how large, started out as something far smaller than you can think! You already have all of the raw resources you’ll need to be successful.
Allow your dreams to encourage you to make changes in your life, and take each day one step at a time. Begin today, and beware of procrastination, which is the thief of time, life, and success, so be loyal to your resolve to overcome it.