The global economy is plunging into a recession.
Stocks are down.
Cryptos I don’t even want to mention….
Some would argue that right now is the best time to invest. At least some dude long-dead claimed that you should buy when blood is in the street.
Even if it is your blood.
But how to invest, when you are broke? Well, there is a way:
In fact, besides finances there are at least three areas in life where you should invest your energy every day (even if you are down to the last Penny):
- Knowledge & Skills
Knowledge & Skills
In the old times, a college degree was the only way to get an in-depth education. Nowadays, you can do the same by binge-watching videos on Youtube.
Internet is free University. Unfortunately, it comes with many distractions.
While in theory all of humankind’s knowledge is at our fingertips, most people don’t access it, because they are busy getting a fresh dopamine kick from some dancing alpaca on TikTok.
However, if you wish to make a dent in the universe, it is time to take this internet thing a bit more seriously.
Obviously, the algorithms created in the labs of silicon valley are designed to exploit your attention, not to make you a better human being.
But we can beat them, by being more conscious about the content we are consuming. For example, you can start to shut off distracting content. Personally, I am using freedom.to for blocking social media, news and of course adult websites during my work time.
And if Youtube becomes too distracting for you, it can pay off to pay for services like Skillshare (Click here to get one free month of Skillshare classes) that provide you with online courses about almost any topic.
Learning a new skill will open many doors in your life. Just make it a habit to invest a few minutes of your day in studying new things.
Become an expert for a software or app (like I did with Notion) and combine your expertise with some skills like copywriting, graphic design, or SEO.
Boom! You just have created yourself a career!
Health is wealth. A healthy body is the most important asset you own. If yours gets destroyed it’s game over for you, and unfortunately we have no proof yet that this reincarnation thing is really going to work.
So, what can you do?
Avoid things that harm your health: Smoking, binge drinking, or eating seed oils (seriously). They all come with asymmetric risks. This means for a little benefit in the now, you are facing huge risks in the future.
Invest in your body by eating nutrition-dense foods, and building up muscles by pumping iron or doing calisthenics.
Just by doing those things, you will:
- gain more energy, which you can use to learn more skills
- reduce chronic diseases, which will increase your longevity
- become more attractive, which will give your social life a boost
In a nutshell: Investing in your body generates a huge ROI, because it positively affects all the other areas of your life.