Are you doing your best to save money? Are you surprised by the lack of money in your savings account?
I run a personal finance blog so I definitely realize the importance of saving money. I often get accused of being tight with money. I do admit to thinking too much about money. However, there are tactics for saving money that I’m not a fan of at all and there are times where I don’t care how much money I spend. Instead of analyzing the worst ways to save money, I wanted to focus in one tip that always annoys me.
What’s the worst way to save money?
By not investing money in yourself.
You can save money by not upgrading your skills. You can beef up that savings account by not going back to school. You can ditch that networking opportunity and pocket the cash. You can hold on to every single penny that you come across.
You can save tons of money by not investing in yourself. You can have this cash sitting around in a nice savings account. You don’t have to spend a penny on your skills.
The problem is that the best investment is in yourself.
I believe that investing in yourself beats the stock market, real estate, and any random business idea that comes your way.
- You can argue that college is a rip off.
- You can accuse book authors of being charlatans.
- You can say that you don’t have time for that eCourse.
All you’re going to do is hold yourself back in my opinion. Get out there and invest in yourself. What do you have to lose?
I just don’t want you guys to hold back on your most important asset: yourself.