The future seems far, but it’s always around the corner. Self-preservation requires thinking ahead and having some solutions to problems that have not yet arrived. The first thing most people think of when they hear “Investing in the Future” is retirement plans and other financial strategies, but there is a lot more to cover in your life if you want to have a completely fulfilling future.
Learning how to think is one of the best ways to invest in your future. Whether in a specialized field or just a general course in something that interests you, education will transform your outlook on your life, your opportunities, and your potential in life. Sometimes it seems like a counterintuitive investment because it costs so much time and money upfront. But after a few years of tuition and hard work, you will be much better off with a degree in your back pocket and a critical approach to life. No matter what you choose to study, consider the new opportunities you’ll have and your ultimate goals.
- Improve your Health
The most valuable asset you have is your health. If you want to stick around for long into the future, you have to take care of this basic resource. Science has proven that almost any regular exercise will greatly improve your longevity, especially cardio. According to a 2014 study by the Journal of the American College of Cardiology, simply adding five minutes of running to your weekly routine could reduce your odds of dying by up to 30% and reduce your odds of dying from heart disease by 45%. With less than an hour of exercise per week, you can add as many as three years to your life. If you want invest in your future, invest in your health.
- Retirement Funds / Stock Portfolios
Now, for the most obvious way to invest in your future, look into retirement funds and stocks. 401ks are a great source of wealth for eligible employees, as they often provide matching programs that equate to free money for your retirement. Besides matching programs, investment money you have already made can exponentially increase your wealth with responsible management. Start with small investments to gain confidence with your decisions, or seek out a financial adviser that you can trust. Investing in the stock market is a great way to generate passive income, which will lead to much greater rewards in the future. Saving money is great, but letting it sit without working for you is a waste. There are too many easy ways to make money out of your money, so think proactively about how you can transform a nest egg into a future gold mine.