Underrated Investment: Education

When we think about personal finance, we often focus on traditional investments such as stocks, real estate, and mutual funds. However, there is another investment that is often overlooked, but can have significant returns: Education.

Now, when I say education, I don't just mean formal schooling. Learning new skills, whether it's for your career development or for side hobbies and passion projects, can be a valuable investment in yourself.

For example, learning to code or taking a photography course can open up new career opportunities and increase your earning potential. Hiring a personal trainer or nutritionist can lead to improved health and wellbeing, which in turn can lead to more energy and productivity in all areas of your life. Taking a course on personal finance or hiring a flat-fee financial planner can help you make smarter financial decisions and potentially increase your wealth over time.

Investing in education can also have non-financial benefits. Taking a cooking class or learning a new language can enhance your relationships by providing new opportunities for shared experiences with friends and loved ones. Pursuing a hobby or passion project can bring joy and fulfillment to your life.

Of course, investing in education does come with a cost, whether it's the price of a course or the time commitment required to learn a new skill. However, when you consider the potential returns in terms of career advancement, improved health and wellbeing, and increased joy and fulfillment, it's often a worthwhile investment.

As you consider where to invest your time and money, remember the quote "does your spending match your stated values". If you value personal growth and development, investing in education may be a smart choice for you.

So, whether it's a new skill for your career, a hobby or passion project, or improving your health and wellbeing, consider investing in education as a valuable and often underrated investment.