Have you ever thought of yourself as a business or even as being in business for yourself? For those of us who may be self-employed, this thought probably makes more sense, but most of us who are employed by someone else, we may have a difficult time realizing the concept. When we’re employed by someone else, we put or time in, day in and day out to do our job for our employer and our employer compensates us for our 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 YOU. In the business of YOU, the compensation received from the employer (the paycheck) is the earnings the business of YOU receives for the services provided to the employer. From that compensation (or earnings), is where you should expect to get your return from. That return is what we will consider as being the “Return On You”! 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 strategy of paying yourself first!
How to Get a Return on You!
Paying yourself first plays a very crucial part in your journey to financial well-being. It’s about thinking of yourself as an investment and setting yourself up to gain a return on that investment. It’s making sure you pay dividends to yourself for what was earned. No one is going to do that for you, it’s a decision you have to make for yourself.
The thing to always remember is that the best asset you have is your very own self. This is where it all starts. It starts with YOU…your first investment. If you don’t take care of and manage your first investment properly, then no other investments will be possible. That means you can’t and won’t be able to acquire any other investments without starting with you!
“Your greatest asset is your earning ability. Your greatest resource is your time.” – Brian Tracy
Managing your investments and assets are a very important part of your financial well-being and wealth building as you go through your journey. What most people don’t realize is that you’ll never be able to managing a portfolio of investments until you can learn to manage your first investment, which is you.
So what better way to start, than to start with your most immediate asset…yourself! See yourself as a valuable asset that can produce a monetary return. Decide what you want that return to be and start paying yourself first. Once you’re able to do that, you’ll have a great start on your journey to financial freedom!
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