The best investment advice I ever received came from the woman I love. In 1979 I was just beginning my career as a speaker/comedian. I was young and…… what’s the word?…. stupid…yeah that’s it. I wanted to be a big shot. I ended up broke!
I had a friend that had invested in the commodities market. At lunch he would ask the waiter to bring a phone so that he could talk to his broker. He seemed so powerful and sophisticated demanding that his broker buy soy beans or sell pork bellies.
I wanted to be powerful and sophisticated too! So, against my wife Diane’s counsel, I bought a book, studied the commodities market and jumped in. It didn’t take long for me to lose thousands of dollars that I couldn’t afford to lose.
One day Diane came into the kitchen and said, “If I could show you an investment that would return five hundred percent without risk, would you take it?” I said, “Of course I would, thinking she was ready to jump back in the market and chase the money we had lost.
“She threw one of the cassette tapes we sold at our conferences onto the table. “You make these for $2 and sell them for $10,” she said……
“Invest in yourself.”
That’s the best investment advice I ever received.
Certainly there is nothing wrong with investing in someone else’s business or idea, but how exciting to think that you might be able to invest in your own business or idea.
Physically - Keep moving, stay Fully Alive
Mentally - Keep reading and discovering, stay fully sharp
Spiritually - Keep learning and risking, stay fully equipped
Socially - Keep meeting people and giving of yourself, stay fully engaged
Financially - Keep investing in your dreams, stay fully capitalized
Invest in yourself!
I would love to hear of how you have invested in your talents and ideas and what kind of return you saw on that investment.
In other news: Michael Hyatt former CEO of Thomas Nelson and I have joined forces to provide a conference that teaches how to build a platform from which your dreams can be launched. Check out the Platform Conference Limited enrollment.
Our curriculum for Fully Alive will be out in January.