An asset is something that has or provides a certain type of value and that value can come in many different ways. With regards to finances, it’s about monetary value. When you think about investing in assets and getting a return on those assets, I believe few people ever think of themselves in that way. As an asset!
I’m not referring to investing in yourself, which generally means investing in the various ways of improving yourself mentally, physically or other wise. Although those are ways to add value to yourself, that’s a subject for another day. It’s the monetary value that you provide to yourself through the work you do everyday that I’m talking about.
“Investment is an asset or item that is purchased with the hope that it will generate income or appreciate in the future.” – Anonymous
What I’m referring to is more about thinking of yourself as if you (your physical self) were an asset that you would expect to gain a monetary return from. If you invest your money (or time) into a business and the business is producing an income, you would hopefully expect to get a return from that investment, wouldn’t you? I’d like to think so. Just like any stakeholder would expect to get a return on their investment.
Well…what if you think of yourself as that business. As a stakeholder of that business, shouldn’t you expect a return on your investment? Wouldn’t you expect a return on you? I would…and I do! It’s really just a different way of thinking about paying yourself first. The return on your investment should be paid out to you before anyone else gets paid!
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