When you think of investments, what usually comes to mind are stocks, bonds, businesses, and real estate. But these are not the only investments worth putting your money in. There are also intangible investments that give you tremendous benefits. If you want to invest in one but cannot afford it, it’s wise to take out a loan from legitimate money lenders.
Here are the top three non-material investments to consider.
Mentoring and coaching
The best way to improve yourself is to learn from those who have already made it. For this reason, it’s wise to spend money on a mentor or a coach. For example, if you want to start a business but don’t know how to begin, hire a business coach to help you out. It may cost thousands of dollars, but it will be worth it in the long run. You’ll thank yourself once the business takes off.
Another example is executive coaching, which will help you tremendously if you hold a leadership position. If you’re not a natural leader, or it’s your first time to hold a leadership position, hiring a mentor is a great way to get ahead. You will learn essential skills that will let you manage people more effectively.
Continuing education
You may already have a college degree, but it doesn’t mean you cannot learn anymore. You can take higher studies, like a Masters degree or a PhD, to boost your knowledge and skills. More than that, you can use your education to advance in your career.
Higher studies may cost a lot, but its benefits will be worth the investment. If your higher degree leads to a higher-paying job or better career prospects, the money you spend on your degree will pay off.
Persnal health and fitness
You can never go wrong with keeping yourself healthy. This includes both physical and mental health. Investing in a personal trainer, for example, will do a lot to help you become physically fit. The good thing is your trainer can customise a fitness plan appropriate for your body type, diet, and your personal fitness goals. A gym membership is another good investment if you want to build strength and endurance.
In terms of mental health, it may be a good idea to consult a therapist. They are trained to help you with any mental health issues you may be going through. They can also help you understand any challenges you might be going through because of a previously unknown mental health condition. Aside from all that, a reputable therapist can help you manage stress and keep yourself mentally healthy despite any conditions.
Remember that health is wealth. It pays to spend money to keep your body and mind in good shape.
Conclusion
Investments are not just material things. You can also put your money into intangible things like coaching, education, and health that will pay off in the future. These things will benefit you not only financially, but in other aspects of life as well – skills, knowledge, and health. You can never go wrong if you invest in these things.
