One reason that I have found success in business is that I am careful about how I spend my money, and I think that you are, too. Who has extra money to throw around or spend frivolously? But as Warren Buffett said, “Nobody goes broke as long as they are making a profit.”
Make investments that deliver a return, he means, and you’ll always come out ahead and make the best, most efficient use of your money. You’ll be certain that instead of just languishing around your money works hard for you – just as you worked hard to earn it.
Investing in your career development, leadership skills, and executive presence will always deliver a wonderful return, and on many levels. You’ll be more marketable. You’ll know how to lead more successfully, which will make your teams and your organization more productive. That leads to profitability, for which you will share in the credit.
You’ll close more deals, land more clients, and expand your sphere of influence and power. You will move up the ladder to greater responsibility – with corresponding salary and benefit increases. I see it happen every week, to clients of mine who work across a diversity of specialties and career roles.
That will ensure that you have more freedom and say-so to balance your professional and personal lives – and more time to spend doing the things you love with the people who mean most to you. You’ll have the resources to send your kids to the best schools to put them on their own path to success. Those are assets and achievements you cannot put a price tag on or quantify.
What we invest in grows. Then the part of it that has grown can be reinvested to compound that growth in ways that keep on growing. That could be real estate, an IRA account, or an antique car collection. But if you want to grow personally and as a leader, you have to invest in yourself. Who else is going to do it for you?
Corporate mentors can teach you about your corporation’s culture. But if you want someone to really push you beyond your self-limiting beliefs and the perceptions and vision that keep you from breaking out in a forward direction faster, you need a real coach with an objective perspective and the ability to give you 100% of their time, focus, and attention.
Don’t forget that when you invest in yourself you can take that nest egg with you if you move to another organization or industry. Your company may not be willing or able to invest your future, although it never hurts to ask them to pay for coaching. But you can always set aside some time and money to invest in it for yourself, because you’ll be repaid with interest in ways that will multiply your success and have you thinking differently about your potential.
As a pioneering and visionary innovator, Sarah is a certified image master (CIM) and brand strategist, speaker, trainer and author. Her company, Illustra Consulting, provides leading-edge image and brand management strategies for top leaders and high achievers who wish to take their career to the next level. She also delivers innovative and inspiring corporate workshops to assist large organizations in strengthening their corporate brand.
Copyright © 2015, Sarah Hathorn, AICI CIM, CPBS 1-800-267-3245, [email protected]
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