There is more to investing in your future than just saving money. Although having some dollars behind you can be very useful, there are other ways to secure your future such as further education to get a degree or other qualification. Investing in yourself is the most important investment you can make, although, of course, some financial investments are good too. However, there are so many financial products on the market, choosing the best can be a nightmare.
Investing in Job Fulfilment
Research has shown that generally, workers are more concerned about job fulfilment than the amount of their paycheck, and this seems to particularly be the case with younger generations. If you are one of the unlucky people that hate their job it is up to you to make changes. You need to think seriously about what career path you would like to follow and then see what qualifications you need to be able to walk that path.
Online degree courses have made it simpler than ever to become qualified, either to move up the ladder in your current line of work or to change direction totally. For instance, if you want to be a Master of Human Resources, you would be able to complete the work while still doing the job you hate. Knowing that you will be moving forward once you have your qualification will help you through the daily routine of the work.
The course will give you a purpose, and as you can study in your spare time and at your own pace, you are able to fit the studying in with your lifestyle.
Even the top universities in Australia, which are considered to be some of the best in the world, offer their courses online, and you will always find the one that you want. The courses do have to be paid for but generally, they are cheaper than attending a physical building and if you qualify, you can still get financial assistance with the fees.
Work/life balance and flexible hours also both came above the salary in the order of importance where a job is concerned.
Investing in Property
At some point in your life, you will probably want your own home, and the sooner you can get on the property ladder the better. Even if you start off with a small apartment, at a future date you can sell it to buy something larger. Although there is never any guarantee that the property market will not collapse, generally your property will increase in value the longer you own it.
If you are sensible and make sure your mortgage payments are not too hard to manage, there is nothing better than knowing each month you are reducing what you owe rather than paying rent and putting profit in someone else’s pocket.
If you do not have any credit history do not let that prevent you from applying for a mortgage as there are specialist companies that can help you over this hurdle. The mortgage itself will help to build you a credit score for the future and make similar transactions easier when you buy your next property.
Some people never sell their first property and keep it as a long-term investment for later in life.
Investing in Your Retirement
When you are in your 20s or 30s, retirement seems a very long way off, but it will come around quicker than you think. Of course, you will get state benefits when you finish work, but you need to ask yourself if they will be enough to live the style of life you want your retirement to be.
Do you have plans to travel the world or to buy a retirement home on the coast perhaps? That’s great, but you will need the funds to be able to do these things.
If you start a personal pension plan while you are young you will not need to invest a huge monthly payment into it. Every payment you make earns you money, and your profits then make you money too. This rollover effect makes a big difference to leaving it an extra 10 years before starting your retirement investments.
There are ethical investments if you are concerned about the environment, and these are being very popular with people all over the world.
Investing in Your Health
No other sort of investment in your future will be worthwhile if you do not look after both your physical and mental health. Eating a healthy diet is something we all know we should do, and just 20 minutes exercise a few times a week can help too.
Some foods can cause you to feel low, and things such as too many carbs, ready meals and processed foods should be avoided for this reason. You may feel they give you an energy boost, and they do but it is very short-lived. Processed foods are high in salt and sugar and often have chemical preservatives that are not good for you. Some fruit or vegetables is a much better bet, as the energy they will give you is much longer-lasting.
For exercise you do not have to rush off to join a gym. Every time you are active your body releases chemicals known as endorphins, which are made to send feel-good messages that affect your brain. You could take the dog for a walk, play ball in the garden with your children or have a dance to your favourite music. This is why you will often feel better when you have had some exercise. Even housework keeps you active and this together with the avoidance of processed foods will go a long way to keeping you healthy for the future.
Investing in Yourself
When you make these sorts of investments you are investing in yourself and your future. The years roll round very quickly as any older person will confirm. Before you know it, your future will be here, and you will be glad that you made the investments when you did.