Benjamin Franklin said that "If a man empties his purse into his head, no one can take it from him"
That's why I was wondering: how do you invest in yourself?
Instead of spending your bonus on cars, models & bottles, here are 8 ideas on how you could grow:
- MBA: This is the obvious first one. Wanna develop your career? Get a MBA. Tons of debate around that but I think it's a bit too expensive/time consuming for everyone to do.
- Trainings & Certifications: In the mind of people this comes just behind the MBA. CFA/CPA certifications but also trainings about or new regulations. Those are mostly paid for by firms but you may decide to do it on your own especially with courses such as modeling/excel on Mergers & Inquisitions or WSO
- Traveling: I love this one because it's not as self explanatory. If you go abroad for at least 2 weeks in a country where you are not totally at ease (different language, different culture) you'll definitely stretch yourself and expand your horizons. The best move here is to go for a 4 or 6 months mission abroad paid for by your firm
- Self Development: Think about Tony Robbins here. You can go on seminar, buy books or watch videos. This is not directly targeted for finance people but it can be interesting. It's not my personal favorite though because I find it wishy washy
- Finance books: I also include management books here. Everything non fiction, including bios that you can read. I love to read, especially this kind of books but I find the impact very limited since the it's hard to apply in your daily life. So good to broaden your mind but hard to put in practice.
- Executive Coaching: One on One coaching for executives. Usually paid for by your firm if you are a CEO/CFO. I never had a chance to get this kind of coaching but I'd love to. It's self development just for you.
Of course there are plenty of other ways to invest in yourself like signing up for a golf membership to network...
Do you think it is useful in the long term or is the effect too small to notice?