When we think about investing in assets and getting a return on those assets, I believe few of us think of ourselves in that way. I’m not referring to investing in yourself, which is meant by investing in the various ways of improving ourselves mentally, physically or otherwise, that’s a subject for another day. What I’m referring to is more about thinking of ourselves as if we (our physical selves) were an asset that we would strive to gain a monetary return from. If we invest our money (or time) into a business and the business is producing income, we would expect to get a return from that investment, right? Well…what if we think of ourselves as that business. Shouldn’t we expect a return on our investment? Wouldn’t you expect a return on you? I would…and I do!
What is Your Return on You?
Even if you’re employed by someone else, you’re actually still in business for yourself. And to get a rate of return from your business should be expected. For those of you who may be self-employed, this thought might make sense, but for most of the people who are employed by someone else, you may have a difficult time realizing the concept.
When you’re employed by someone else, you put your time in, day in and day out to do your job for your employer and your employer compensates you for your time in the form of a paycheck. Let’s look at it this way…your employer is in the business of XYZ, but you are in the business of Y-O-U. So, your paycheck is the income of your business.
“Investment is an asset or item that is purchased with the hope that it will generate income or appreciate in the future.” – Anonymous
In the business of Y-O-U, the compensation received from the employer (the paycheck) is the earnings the business of Y-O-U receives for the services you provided to the employer. From that compensation (or earnings), is where you should expect to get your return from. This would be the ROI or return on investment for your business.
That return is what I like to consider as being the Return On Youor ROY! That return can be whatever you want it to be, 1%, 10%, 20%. No matter what the percentage is, you should strive to get a return just like you would from any other investment. This concept plays into the ever-important strategy of paying yourself first!
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