Increase Your Net Worth - Invest in Yourself
Increase Your Net Worth - Invest in Yourself
The problem with this approach is that it gives no consideration to earnings potential. You are actually worth more financially if you have a higher future earnings potential than you are if you have a lower future earnings potential. If you don’t believe it, just ask a lending institution for a loan when you don’t have an expectation of future income. The resounding no in your loan request denied letter should convince you.
Unless you are preparing a standard financial balance sheet, consider changing your view of net worth. More importantly, if you want to increase your net worth, focus on increasing your value to your current and future organization. Develop and leverage your experience, skills, knowledge and education. Maintain and improve your dependability, longevity, work ethic and access to other resources that would be of value.
Invest not just in your financial assets, but in yourself. As one of America’s most influential founding fathers, Benjamin Franklin, said, “If a man empties his purse into his head, no man can take it away from him. An investment in knowledge always pays the best interest.”
Here are five investments you can make to increase your future value and true net worth:
1 – Stay current in your field. Read books, attend seminars and collaborate with others who are considered experts in your field. Practice and apply what you learn. Teach and mentor others whenever possible. Teaching teaches you as much as others.
2 – Exceed expectations. Don’t get into the rut of meeting expectations. Look for opportunities to exceed expectations. Find ways to go “over the top”. It is often just as easy to exceed expectations as it is to meet them. As Zig Ziglar says, “there are no traffic lights on the extra mile.”
3 – Think strategically. Think and behave in a way that puts time on your side. Rather than put temporary fixes in place that will need your attention again later, fix problems at their root cause. Learn to spot opportunities to improve the status quo. Make good decisions that will pay future dividends.
4 – Pursue personal development. Build an accurate self-awareness. Understand your strengths and personal development needs. Learn how to leverage your strong points and innate talents. Work on improving your skills, behaviors and attitudes where needed.
5 – Maintain good health. The better your health, the more energy you will have, the better your mental acuity will be, the more confidence you will have and the longer you will have the choice to be a productive employee. Maintain self-control, exercise regularly and follow good nutritional habits.
Don’t leave your future to chance. Invest your time, energy and money intentionally in these five areas and watch your true net worth soar.
Increase Your Net Worth Invest in Yourself - To learn more about this author, visit Mike Hawkins's Website.
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Do you know your net worth? Many people think they do, but make the mistake of basing it on their current financial condition. They subtract the present value of their liabilities from the present value of their assets and arrive at a net present value of their financial condition.
The problem with this approach is that it gives no consideration to earnings potential. You are actually worth more financially if you have a higher future earnings potential than you are if you have a lower future earnings potential. If you don’t believe it, just ask a lending institution for a loan when you don’t have an expectation of future income. The resounding no in your loan request denied letter should convince you.
Unless you are preparing a standard financial balance sheet, consider changing your view of net worth. More importantly, if you want to increase your net worth, focus on increasing your value to your current and future organization. Develop and leverage your experience, skills, knowledge and education. Maintain and improve your dependability, longevity, work ethic and access to other resources that would be of value.
Invest not just in your financial assets, but in yourself. As one of America’s most influential founding fathers, Benjamin Franklin, said, “If a man empties his purse into his head, no man can take it away from him. An investment in knowledge always pays the best interest.”
Here are five investments you can make to increase your future value and true net worth:
1 – Stay current in your field. Read books, attend seminars and collaborate with others who are considered experts in your field. Practice and apply what you learn. Teach and mentor others whenever possible. Teaching teaches you as much as others.
2 – Exceed expectations. Don’t get into the rut of meeting expectations. Look for opportunities to exceed expectations. Find ways to go “over the top”. It is often just as easy to exceed expectations as it is to meet them. As Zig Ziglar says, “there are no traffic lights on the extra mile.”
3 – Think strategically. Think and behave in a way that puts time on your side. Rather than put temporary fixes in place that will need your attention again later, fix problems at their root cause. Learn to spot opportunities to improve the status quo. Make good decisions that will pay future dividends.
4 – Pursue personal development. Build an accurate self-awareness. Understand your strengths and personal development needs. Learn how to leverage your strong points and innate talents. Work on improving your skills, behaviors and attitudes where needed.
5 – Maintain good health. The better your health, the more energy you will have, the better your mental acuity will be, the more confidence you will have and the longer you will have the choice to be a productive employee. Maintain self-control, exercise regularly and follow good nutritional habits.
Don’t leave your future to chance. Invest your time, energy and money intentionally in these five areas and watch your true net worth soar.
Increase Your Net Worth Invest in Yourself - To learn more about this author, visit Mike Hawkins's Website.
Like this article? Share it with your friends
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Jay Kubassek(Jay's Full Bio: EvanCarmichael.com/jaykubassek) Jay Kubassek is a Canadian born entrepreneur, internet marketing genius, professional speaker, international real estate developer/investor, executive film producer, extreme sport enthusiast and a passionate supporter of several charities worldwide. In 2007, Jay's vision and dedication to help other entrepreneurs and business owners duplicate his marketing success led to the creation of his fourth company CarbonCopyPRO, an internet marketing firm already worth over 15 million dollars that has over 20 employees and contract workers with clients is 12 different countries. Jay resides in NYC with his girlfriend Jamie, three year old son Milo and dog Cooper. As executive producer he recently premiered his first film in the 2008 Cannes Film Festival. As an adventurist he is racing the 2008 Baja 1000 off-road race and is a member of the 2008 U.S. National Elephant Polo Team, The New York Blue who will be representing the US in the 2008 World Championships in Nepal. Visit Jay's Blog: www.JayKubassek.com - Visit Jay Kubassek's Website |
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Dr. John OdaJohn Oda Ph.D NLP is a business peak performance expert, an author, and speaker frequently called upon to provide corporate training, workshops and seminars for many companies in the United States. He is an expert in coaching sales and business professionals in overcoming the behaviors and obstacles that may impede their sales results and affect their bottom line. Since 1995, John has created a speaking bureau such topics, which include: time management, sales training, human diversity, leadership programs and etc. He provides companies with a strategic plan to increase their bottom line by over 25 percent yearly. - Visit Dr. John Oda's Website |
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George LudwigGeorge Ludwig is a recognized authority on sales strategy and peak performance psychology. An international speaker, trainer, and corporate consultant, he helps clients like Johnson & Johnson, Abbott Laboratories, Northwestern Mutual, CIGNA, and numerous others improve sales force effectiveness and performance. Though it's George's strategies and processes that help corporations increase productivity and performance, it's his tremendous energy and dynamism that spark the transformation. Again and again, clients remark on his amazing ability to unleash human capacity and inspire men and women to break out of their comfort zones. The result is a whole new type of salesperson. His customized presentations teach achievers to make stunning advances in their lives. From helping salespeople realize cherished dreams to helping corporations exponentially accelerate revenue streams, George Ludwig leaves audiences and individuals empowered, emboldened, and clamoring for more. George is the best-selling author of Power Selling: Seven Strategies for Cracking the Sales Code and Wise Moves: 60 Quick Tips to Improve Your Position in Life & Business. - Visit George Ludwig's Website |
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 Mike Hawkins (Visit Mike's Website) MIKE HAWKINS is president and principal of Alpine Link Corporation. Mike consults, trains, coaches and leads companies and individuals to their peak potential. He is a respected author, adjunct professor and thought leader on self-improvement, leadership, business planning, and consultative selling. Prior to Alpine Link Corp., Mike Hawkins had the distinction of having direct hands-on experience throughout all the primary activities in the enterprise value chain. He excelled as an engineer in product development with Halliburton. He was a successful salesman and marketing executive with IBM. He worked as global general manager for Scient, a fast growing e-Business Systems Innovator, and held the position of executive vice-president for LogicaCMG, a global consulting and IT solution provider. He has worked in multiple industries including management consulting, information technology, financial services, manufacturing, construction, telecommunications and utilities. See www .activatingyourambition.com for information on Mike's latest book, or www.alpinelink.com/Mike_Hawkin s_Biography.asp for Mike's full biography. Mike can be reached at mike@alp inelink.com.
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