Can investing in your career provide more financial benefits than investing in the financial markets? Maybe...
For most people -- especially for those in the 1st half of their working lives/careers -- investing time, energy, and even money into their careers might prove to be very valuable investments. For many, investments in their careers might prove more rewarding than typical financial investments.
The reasons why this is the case for many people are two-fold. First, most people don't have a lot of initial capital to start off with - saving and investing is key for them, but with so little capital there's not much that can be achieved in the short run for the typical retail investor. Second, investments in your career (e.g., investments in your skills and knowledge) have compounding effects over time as one progresses in his/her career.
It's hard to give a useful guide on what to pour your money, your time, and your energy into because each job is different and careers are diverse. However, it's a safe bet that building the following skills/attributes within yourself will prove very beneficial over time:
Newton said there's inertia in the universe, so we now know more about our world and physics is better for it. That's not the inertia we're talking about here. Forget the universe for a second - focus on inertia in your mind.
Mental or spiritual inertia is a real thing. We won't try to define it here, but everyone who has experienced it knows what it is. It's when
Here are some examples of using interim in your own favor and taking quick, small, but intense bursts forward in whatever you'd like to achieve:
The problem with modern Western self-improvement and self-development thinking is that it treats the human mind as a machine when it should instead be treated more like a tree - we'll get into what this actually means in below. But, the vital thing to note is that this type of thinking has permeated self-improvement and self-development thinking quite profoundly. It has penetrated so deeply that when most people think of becoming better human beings are strictly in the machine paradigm; most people don't even understand that a different way of thinking about the mind and self-improvement exists.
Machine vs. Tree: Be a tree, not a machine
Machine: The machine paradigm is easy for most Western readers (e.g., readers who grew up in an environment where Western post-Platonic thought formed the foundation of academic/scientific thought) to understand. Treating your mind like machine means having a paradigm where you believe improvements to the machine (your mind) are to be made based on external analysis/planning/thinking (exogenous improvements) and where those improvements can be immediately implemented (e.g., upgrading the machine).
Tree: The tree paradigm is more difficult for Western-oriented thinkers to understand and is somewhat more in line with Eastern, though, but not completely. The tree paradigm is where you believe that mental "upgrades" are impossible or exceedingly rare, and you acknowledge how little control you actually have over your own mind. Instead, with the tree paradigm, you more clearly see the only real way to make lasting changes to your mind: through feeding it with useful information over a long period of time and allowing that information to be absorbed, integrate, and recalled later. Someone who understands the tree paradigm has a far clearer perspective on their own mind, their ability to improve or develop it, and the timeframes it takes for such improvements. This is just a brief into the tree paradigm - there's as much and more here as there is in the well-known machine paradigm
The descriptions above are accurate, but they might seem confusing to readers without proper examples. Often, the best way to illustrate a point quickly is to give examples. So, here are a few.
Problem: A man realizes he's terrible at relationships - his wife is unhappy and he finally realizes that there are things he just doesn't know about women, relationships, and how to have a happy marriage.
Problem: A man's friends sit him down and tell him that they feel he has a deep problem with aggression - at bars he picks fights, friends are always afraid of him getting upset when he's drunk, and they remind him of how he became aggressive with his wife a few months ago.
Problem: A high school kid who is good in school but self-conscious, timid, and possibly under-developed physically compared to his peers gets harassed at school by older, more aggressive kids looking for easy prey.
News is by definition most relevant in the short term – as time moves forward each piece of news information degrades quickly in terms of how relevant and/or useful it is. In effect, information can be thought of as having a half-life. If we map things out in this respect, we can see that not all information is equal:
So, if you’ve got a limited amount of time and energy -- and your goal is to maximize the amount of useful information you obtain -- you’ll want to focus on things with a far lower half-life. In practice, that means making choices like this:
Here are two great articles that in-part inspired this piece:
And now, given the rise of cyrptocurrencies and crypto assets to quasi-mainstream financial assets, we're dedicated to providing quality, relevant, and interesting material on cryptocurrencies and cryptoassets. Articles on Bitcoin, Ethereum, Ripple, Cardano, and many more cryptocurrencies and cryptoassets can be found on Pennies and Pounds - all that in addition to a plethora of information on what cryptoassets are, how the entire crypto industry came to be, blockchain/immutable ledge technology, mining, proof of work, proof of stake, and how to prudently invest in crypto if you are so inclined (based on your risk tolerance and ability to withstand the volatility that will come with a crypto portfolio).