investing in you

We can all agree investing in our futures, through education or managed funds for example, is good, but we often don’t invest enough in our state of mind.

Here’s four investments I think you should make for your current self:

  1. Invest in candles – your home will smell nice and there’s something great about having a tea or dinner and a conversation by candlelight
  2. Invest in flowers – buying a bunch of flowers every second week makes your home lovely and welcoming. Flowers don’t need to be expensive – there are plenty you can find for $5-$10 a bunch (if you’re really stretched for money you can pick some from your garden or find some)
  3. Invest in a magazine subscription – having a magazine regularly delivered to your door full of thought provoking articles is a reminder about the benefits of reading and eduction. I’d recommend The Big Issue and The New Philosopher magazines which are both available as subscriptions.
  4. Invest in a nice fragrance: having a nice cologne/fragrance that I can wear immediately uplifts me. I stick to the one brand I know won’t give me headaches though.

How do you invest in your current self?

warren buffett’s grandfather on having savings for a rainy day

“…the mental satisfaction of having $1000.00 (in 1939) laid away where you can put your hands on it, is worth more than what interest it might bring, especially if you have the investment in something that you could not realize on quickly.”

Warren Buffett’s grandfather Ernest Buffett writes a letter in 1939 on the importance of what Scott Pape calls Mojo Money, some money tucked away for just in case.

I can’t stress how important this is, or how much it changes your attitude to life. I have quit jobs I wouldn’t have without my mojo money. It allows you to think rationally in non-rational situations.

investing

It’s not really good times all round for investors. Perhaps they should have read more TS Elliot.

We shall not cease from exploration
And the end of all our exploring
Will be to arrive where we started
And know the place for the first time.

T.S. Eliot — “Little Gidding” (the last of his Four Quartets)

Translated for the current economic climate:

We shall not cease from investing
And the end of all our investing
Will be to arrive where we started
And know the place for the first time.

Juiced Pixels — 2008