INVESTING IN THINGS YOU ENJOY – It’s going to be difficult to succeed when your work is driving you crazy. Nobody will consistently be great at things they don’t enjoy. What happens when a person doesn’t invest in things they enjoy? That person can make a lot of mistakes. It can be a bore. It can be a disregard for the important details and not have the energy for being a creative and innovative person.
NEWS FLASH: There’s no multi-millionaire or billionaire who made their wealth through activities that they dislike. Let that sink in for a moment before you ask me again the wrong question: How to make money?
But regardless of what you’re interested in, there are interesting and motivational ways to make money. You just have to find what works for you and make the money the byproduct of it. What does that mean?
– Buying preowned cars, fixing them and selling them for a good profit margin
– Buying sneakers, accessories and clothing that have a good resale value
– Writing ebooks, books, courses online to help inspire or educate people, which will bring you regular royalty income and possible speaking engagement fees
– Build up a coaching, mentorship and a training business
– Creating a product that you know a lot about that solves a “pain point” in society. The bigger the problem you solve, the bigger the value it brings to other people
– Learning a highly sought after skill in 2021 that’s interesting to invest time and effort, so you can enjoy while you learn. A lot of “done for you services” require a special skill-set and it pays well if you know how to charge properly.
There are a lot more things you can be investing on that you can enjoy. I don’t know what you like to do but I do know that you enjoy a lot of things that you have good knowledge on, and to someone else, that is highly valuable.
With all these things I mentioned above, I still have my own preferences of course. I love to teach and that’s why coaching or business consultancy is my main interest nowadays next to running my businesses simultaneously. When I coach, I only talk about things that I know, am good at, or interested in, which is health (physical, mental and emotional), wealth building and mindset. I try my best to stay in my lane but slowly widening my narrow lane as I grow.
I also only coach and/or mentor clients that I really enjoy working with. I’ve declined coaching requests from clients that offer a huge amount of money upfront, just because I don’t see things with them eye to eye. If it was all about the money for me, I would have accepted it but not enjoyed talking to the person for 45 minutes each week or be constantly texting the person back and forth all day.
How do you put all of this into action? There are 3 important things to take note of:
1. Trial and error
It’s hard to know if you’re going to enjoy something when you haven’t even tried it a couple of times, right? So dip your toes a little bit and see if you like it. Sometimes it’s just gut feel, or get excited with other people’s enthusiasm. But ultimately, it’s when you try it where you can see how energized, interested, passionate, dedicated and motivated it makes you. Initially it could be just the idea of enjoying something new, but when the dust settles, a person gets overwhelmed and could just walk away from it. Which is fine. The important thing here is that you tried.
2. Enjoying helps you on your pitfalls
When you spend your time and money on something you enjoy doing, you will see things through the bad times. I hosted a podcast episode with the guys (Ron and Stephen) from HOFA.PH and they mentioned being stuck with the assets and investments that you like to have, even if it loses it’s value or resale price. They’re keen in investing in authenticated signed sports memorabilia that they enjoy more than the increasing resale value of it. It would be horrible getting stuck with things that is not liked. It just made me shiver thinking about it just now.
3. Being fine with not enjoying your work
You have to remember that your greatest financial opportunities might not always be in assets and things that have great appeal to you. I’d be lying to say to you that it’s not all about getting money in your bank account. When I got my first taste of real money going in to my bank account, it wasn’t such a big deal as I thought it was when I didn’t have it yet. But getting there, it’s important to be prepared to roll up sleeves and get hands dirty at times so that there can be focus on the things that is loved the most. Whatever you think will make you happy and enjoy. Isn’t that the most important thing?
TOPIC: INVESTING IN THINGS YOU ENJOY