The Best Investment You’ll Ever Make…
I had an interesting conversation with a friend the other day.
We were talking about investments, and about which investments are better or worse than others to make (and which ones are actually more of expenses).
Specifically though, we were trying to come to an agreement on what the BEST investment is that you can make.
She just bought a house, and so she’s a little bit stuck on the thought process that Real Estate is the best way to go.
I wasn’t necessarily in disagreement with her in the fact that real-estate can be a good way to go, but I wasn’t really buying into the thought process that it’s “the best” way to go.
I asked her what she has studied that made her come to that conclusion.
She said she had read a couple of real estate investment books and that they had layed out all of the various pros and cons associated with stocks, real-estate, precious medals, ect.
…And that they made a clear and sensible argument that real-estate was the way to go.
I wanted to dig a little bit deeper though.
“So, do you think there are other books out there by people who specialize in the Stock Market that make the argument that stocks are the way to go?”
“Yes”, she answered.
“Do you think that they really stand behind there argument for stocks?” I asked.
“Yea, probably”, she answered.
“So do you think that there are people who invest in the stock market really successfully?” I asked.
“Yea I know there’s successful stock investors”, she answered.
“Do you think that there are people that invest really successfully in the real-estate Market?” I asked.
“Yes of course”, she answered.
“So it’s safe to agree that there are successful people in both industries, right?” I asked.
“Yes, but that’s not what’s at question she answered. We were talking about what the best investment is that you can make”, she answered.
“I know… I’m getting there.” I said.
“So, based on the fact that there are people in both real estate investing and in the stock market game that are extremely successful, we know both can work for any individual if they do things correctly, right?” I asked.
“Yes, we already covered that”, she answered. I could tell she was starting to get a little bit annoyed.
“Ok, so let me ask you this, what have both of those individuals have in common? What have they both invested in which allow them to be successful?” I asked.
She wasn’t sure where I was going with this.
“Well, I’m not sure, I don’t know these people”.
“I don’t mean specif people. What’s the obvious commonality that they both share?” I asked.
She took a minute to reflect and then came up with the answer I was looking for… “They can both do something well that produces a positive result.”.
Bingo. I answered.
“Now, what do you think allows each of those individuals to produce that positive result?” I asked.
“Well they’re good at certain skill-sets” she answered.
I was still trying to dig deeper.
“Yes, but WHAT allowed them to be good at those skill-sets? What did they both invest in which yielded the result of them being effective with those skill-sets?” I asked.
“Well they both invested there energy in learning them.” She answered.
“Yes, but still, usually do you don’t just get gifted information worth millions on a silver platter.” I answered.
“Yea, they both invested in there education.”, she said.
She had finally come to the conclusion I was looking for.
“Aaahhh… Ok, now we’re getting somewhere.” I said.
“So the truth is that someone can be successful with either, as long as they’ve invested enough in there education in order to be successful with them, correct?” I asked.
“Yea.” she answered.
“So, circling back to our ORIGINAL conversation, what do you think is the best investment someone can make?”
She got my point…
“Your education.” She said.
This story illustrates perfectly what my beliefs are when it comes to good or bad investments, and bar none, the best investment that you’ll ever make.
The truth is that if you have the correct skill-sets in any field, you can always find success.
It doesn’t matter what industry, profession, or activity you’re trying to partake in, usually the person who has invested more in there intellectual capital and in building skill-sets that produce results WILL win.
Whether you’re talking about the stocks, real-estate, or even Internet Marketing, as long as you consistently take action and invest in your education and in learning new skill-sets, you can and will have success.
Stop looking for something outside of yourself that will make you successful.
Stop looking for the latest and greatest “push button” solution that will solve all of your problems.
Stop looking for that magic pill that doesn’t exist.
Instead, invest in yourself. Invest in building your intellectual capital, and invest in building real and long lasting skill-sets.
Remember that 100% of the people who let fear control them DON’T hit there goals and DON’T produce the results they’re looking for.
Don’t let that be you.
Understand that there WILL be internal resistance, and make the conscious decision to overcome it.
Stay true to the process, and the results will follow.
To the top,
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