Some of the most successful people in their fields reveal the best investments a person can make-ones that don't just add to their bottom line, but also make them a richer person. We've all heard the expression, Money can't buy happiness. Or can it? Most investors I've talked to that have achieved the kind of success I'm speaking of are the ones with this kind of “prosperity”. It's not just the cash in your pocket that comes from a profitable business, but also the kind of abundance that enriches your life and feeds your soul. And once you get right down to it, isn't that the kind that really matters?
Let's look at a few of the “prosperity” lists:
Invest in Education:
When it comes to spending money to enrich your life, education should be a greater priority than entertainment. College is just the beginning of life long learning. That's why you'll see the great ones attending seminars, workshops, etc… The more financially successful they become, the more successful they believe they can become.
When it comes time to branching out, hire virtual assistance who are specific experts in their field. You want to free yourself up from the items you are not the best at, and let the experts do it for you. This way you can allow yourself to stay focused on the tasks that your are best at and that make you the happiest.
Protect your Brand:
Spend money to protect your name. When you begin your business, you give yourself a business name, but most do not spend the time and the money to protect that business name. Once you have chosen a name, you should surround it with a protective perimeter. First of all, get a trademark. It can cost under $500 if you do it yourself. Next buy the dot com and every variation you can think of. Buy as many URL's as your budget will allow so that competitions can't get near you. Money spent to protect your brand is money well spent.
Invest in Messing up:
Invest in making mistakes at your business and/or job. Spend time and money testing hypothesis, failing learning, and trying again rather than planning things out in detail before seeing if they will work. The experience you gain from a month or year of actually doing something is much more valuable (and likely to succeed in the long run) than a lifetime of considering every detail before taking step one.