The #1 Investment To Become Successful
So today in this post we’re going to talk about the number one habit that you can cultivate to achieve success for sure. For sure meaning 100% you are going to be successful, whatever that means to you. So what could that possibly be? I’ll make it very simple.
So what can you invest in? Let’s see. You can invest in buying a car. You can invest in buying a house or property which actually is a pretty good investment.
The best investment you can make is not necessarily houses. It’s definitely not cars because cars are depreciating assets. Now it’s definitely not technology in terms of buying stuff either.
Invest In Yourself
The best investment is in yourself as Warren Buffett always says. That’s something that nobody can ever take away from you. So think about that for a moment.
If you spend time reading this post and learn something and you take it away and you actually use it, that’s more helpful than watching cat videos on YouTube.
Now I’m not saying there’s no time for watching cat videos or dog videos. It’s actually really funny to do that but you gotta figure out, how much are you actually going to consume for yourself and then actually use it to make a difference in the world.
I would say going to high school, the friendships that I formed, learning how to deal with people, learning new subjects, even right now with business, always learning new subjects, learning new things about marketing, those are things that nobody can take away.
A Habit of Education
So when you think about it, when you cultivate a habit of education, for me, what I do is each week, I’m probably spending at least five or six hours listening to podcasts or audiobooks.
It’s easy for me because I wake up early every morning. I’ll workout at least 30 minutes, I’ll go to the beach but that adds up quickly. Also when I’m driving or when I’m on the go, when I’m at the airport, waiting in the lounge, or getting on a flight, I’m also listening to things too.
So I’m getting better during downtime. So think about all the downtime you have and think about how you could jump in audiobooks, think about how you can jump in podcasts. That’s super helpful.
I’m not saying stop reading books just because we have this technology, I actually just finished a book the other day. The book had some diagrams in it and I actually had to read some of things a couple of times to understand it more.
I block out time, let’s say, 8-9 pm, I’m gonna read something, read a physical book. So when you block out the time, that means it’s important.
In fact, going back to Warren Buffett, one of the richest guys in the world, Warren Buffett spends five hours a day reading, because his job is figuring out how do you get an edge around the markets. And he understands his investments really well.
Here’s the thing with education. Don’t try to learn everything around you. Maybe when you’re growing up, you try to become a journalist, but as you get older and older, you want to become a specialist.
So Warren Buffett focuses on investments, but he only focuses on a couple of different things that he understands. He stays away from technology because he doesn’t understand technology.
So as you go deeper and deeper, you’re still going to cultivate the habit of education but you’re going to focus in a certain area because if you try to do too many things, you become nothing to anybody. And nobody wants to become nothing.
So if you’re feeling burnt out from learning, that’s fine. Take a break from it. As a matter of fact, I would recommend it from time to time. Maybe take one or two hours out of your Friday or out of your Wednesday or whatever, and just block it out.
Do nothing during that time because that time is going to allow you to think of new things and when you think of new things, you’re going to want to learn new things too.
The More You Learn The More You Earn
If you stop learning, you stop growing, and if you stop growing, you start dying. There’s two different things you can do. A venture capitalist, Mark Suster, said this: “You can either learn or you can earn.”
So if you’re starting out right now, some of you reading this might be starting out, focus on learning. That’s totally fine because the more you learn the more people will start to pay you for your time.
This is all progressions. You’re learning first, and then you’re earning and you’re earning more. It just takes some time to get there and it’s not a sexy thing to say, but it’s true.
For anybody that’s seen success, it takes some time to cultivate it but again, education is something that nobody can ever take away from you, and it’s going to compound over and over.
If you start replacing that time with consuming, I’m talking watching shows all the time, going out, partying all the time, that stuff’s fine but you got to consider what are your goals in the long term.
If your goals in the long term are just to chill out, that’s fine, but the fact that you’re reading this right now tells me that you’re into making yourself better, you want to become successful.
The #1 Investment To Become Successful – Conclusion
I hope this has helped you realize the number one investment to become successful is investing in yourself. We all get wrapped up in life and can get off track because we settle with being comfortable.
You’ll never reach your goals or true happiness if you don’t get out of your comfort zone and push yourself to keep learning. Realize that you don’t have a money problem, you have a skill set problem. Improve your skill set and improve your money.
I’m interested in learning what you’re planning on learning next. What book you reading next, what podcast, whatever it is, drop it into the comments and let me know. Don’t forget to check out my other posts that will help shorten your learning curve.