Invest in you first

I am a process person, I can learn anything and do anything as long as there is a process.  Throughout grade school and my teens, I understood money.  I made it and spent it, that was my understanding of it.  That was the depth of my knowledge.  I don’t recall learning a very solid financial plan in school that made sense to me.  Maybe they taught it, but I just didn’t hear it.

I was introduced to a financial plan by my mentor Jim Rohn, he had what he called the 10-10-10 plan.  He basically said you gotta have a financial plan, and this was the one he came up with.  He said never spend more than 70 cents out of a dollar.  And use the other 30 cents this way.  Tithe the first 10%.  Tithe can mean giving to charity or giving to a church.  You choose.  The point is give it to something.  I have discovered the more I give the better I feel.  Obviously, I get excited about having the ability to give money and who it will help, but I like the feeling personally that I get when I give away money.  The second 10% you should save.  Save it, don’t touch it.  The last 10% you should invest.  He called it active capital.  Maybe you buy something for $2 dollars and sell it for $4, but use the money to invest in something that will provide a return, either short-term or long-term.

I am sure Mr. Rohn says this somewhere in all of his teachings, and maybe he counts this 10% in the investment part of his 10-10-10 plan, but I haven’t heard it clearly stated that way from him.  But I think you should invest no less than 10% in your personal and self-development. Mr. Rohn would agree I am sure. The great Brian Tracy says, for every dollar you invest in yourself on your personal development, it will have a $30 dollar ROI in your lifetime to your bottom line.  No other investment you can make will have that rate of return.

Mr. Rohn has a quote that I love:  “Never begrudge the money you spend on your own personal and self-development.”  I agree with that statement, but the thing that I would add is that you have to be intentional about your personal and self-development.  If you just go through the day without a plan, you most likely won’t fit it in to your day.  It has to be built-in to your day.

So what is my financial plan, I suggest.  Depending on where you are in your life and financial situation, I would suggest that you allocate 10% of your money to invest in yourself.  Maybe you use a combination of Mr. Rohn’s plan and include the 10% investment in your self somewhere in your budget. The investment could be a book, attending a seminar, a program on (you name it), a health plan, etc.  Invest in something that will make you better. When you get better things will get better.

Brian Willett

This entry was posted in intentional, personal devleopment, self development, Self Development books and tagged , , , . Bookmark the permalink.

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