During these tough economic times, I have investments in something that has a high rate of return and little risk: ME. Fortunately, I started investing in myself before everything hit the fan; because of that I feel that I am in a good position to keep my job or even advance my career. Here’s two investments that I made in myself that has tangible financial rewards:
I did not take advantage of our company’s tuition reimbursement benefit the first two years that I was employed. In hindsight, that was really dumb; I left $5,000 in educational expenses on the table.
Eventually I decided to start using some of that benefit and enrolled in a certificate program that will put me in great position compared to my peers. I am almost finished with that and have started taking classes that are more broad in scope and will make me more versatile, like at http://financial.kaplan.co.uk.
The total out-of-pocket cost of my classes comes out to less than $200 per year, or the amount that the tuition of the classes exceeds $2,500.
These classes have had an immediate impact on my performance at my job. I have knowledge and skills that none of my peers have. I am able to work smarter and add value to my small company. I’m pretty sure that my 72.5% pay increase since I’ve started is due to my increased contributions to my workplace.
I just wish that they would reimburse me for the coffeehouse trips that I take when I study!
Getting and staying healthy
Since this blog began I’ve lost about 60 pounds. It all started when I had ACL knee reconstruction surgery. The events leading to that were directly related to me being overweight.
The cost of losing and maintaining this weight and lifestyle is a little high. First, I had a gym membership for a while, but I recently quit the gym in favor of more home-friendly workouts. I am pretty active, but need goals like running a half-marathon or playing soccer to keep me motivated. My diet is now much healthier, but now without an initial hit to our wallet as I was working out the kinks.
There have been numerous financial benefits to losing weight. First off, we didn’t have to buy a new bed to hold our fat asses. Last year, my doctor took me off high blood pressure medications and told me to see him once a year instead of twice. We’re currently in the process obtaining a life insurance policy and I’m sure that my new weight and lack of health problems will contribute to a more favorable rating, which will lead to a less expensive premium.
Being healthy will also prevent future healthcare costs. I’m at a lower risk for diabetes and heart disease. I will also miss less days of work that I because of health problems.
How are you investing in yourself? Are your investments going to benefit you financially?