There are so many options out there for where to put your money: Stocks, bonds, metals, real estate, Bitcoin, private equity, business ideas or just a saving account.
It can be overwhelming at times. Especially when hucksters try to sell you on this “One secret stock that is about to explode in growth!!”
In The Last Safe Investment by Bryan Franklin and Michael Ellsberg, the best place to invest your money isn’t some small-cap stock. It’s you!
By investing in yourself, you can gain valuable skills and create powerful networks. In doing so, you exponentially increase the likelihood of getting a sought after career or building a successful business of your own. These will pay much higher returns than an index fund.
“The safest investment is the thing you have the most control over: Yourself.
Whenever you invest in the market, you’re taking a risk. But when you invest in building new skills for yourself, those aren’t going anywhere. If you master skills like marketing and copywriting, those are always going to be in need!
These are just some of the “Super-Skills” the authors talk about in this book. So, what is a super-skill?
“[Super skills are] the most recession-proof, bubble-proof, bad-decade-proof, layoff-proof investment strategy in existence. Even if the entire world economy collapses due to China’s inability to keep buying American debt, as some extreme futurists warn, being seen as valuable to other people and having skills that bring value to others will still be relevant.”
Great Ideas for Investing in Yourself
One aspect of The Last Safe Investment that I really enjoyed were the unique suggestions the authors give. Without giving too much away, one example of investing in yourself is to take public speaking courses.
By becoming a better speaker, you’ll become more confident and charismatic. You can pitch business ideas to investors and better market your product. This will pay massive dividends long-term.
Other suggestions include relaxation. While getting a massage may seem a hedonistic pursuit to some, recuperating physically and mentally will actually boost long-term performance!
The Power of Reading
It’s no secret I love reading and recommend it wholeheartedly to everyone. Reading a book is great for boosting brain-power, enhancing creativity and focus, relaxing and much more.
The authors of The Last Safe Investment are big advocates of reading too. If you’re looking for a good book, this website is the place to start.!
Invest In Yourself with this Book
This book is a great example of investing in yourself. You spend a few bucks for a book and get a ton of ideas that can be implemented to enhance your life.
You can get your copy right here on Amazon.