Why is Investing in Yourself so Underrated?


When we start earning, we buy things that we have always wanted. Rightly so, you have earned the money, so you have earned the right to spend it. But, while buying all the things we have ever wanted, we just get ourselves momentary happiness… most of the time, at least.

Like it is important and symbolic for us to buy things we have always wanted, it is as important to spend money on things that we have always wanted to learn too.

One of the things that I recently bought was a guitar. I have always wanted to learn drums actually, but I never got to get drum lessons no matter how strong my case was for learning it. That disappointment of not getting an opportunity to learn something that I craved so much stayed on. 

One day I was on Amazon looking for a gift for a friend. I came across a lightning deal for a guitar which seemed really cheap. I considered buying it. I told my friend about it, who then enquired in a guitar shop close to his place.

The person there told us about how harmful cheap guitars can be for beginners because they get used to the sounds not sounding right, and it is important to learn the actual sounds in the beginning. I knew if I didn’t buy a guitar right then, then I was going to hesitate later.

I got changed, took the train to my friend’s place, and spent a couple of thousands on this guitar in the picture. The picture is from when we bought the guitar back home from the shop.

There are times when the last thing you want to do is spend any more money on things that can easily be put off. And spending money on ourselves is one of the expense areas that is ditched first whenever we tighten the ropes on our budgets.

Budgeting should include things that are truly dispensable, like if you’ve gone through your entire clothing budget for this month, then you shouldn’t buy another pair of shoes just because they’re on sale. However, if an opportunity comes up that will benefit you in the long-term, then it may be worth the investment – YOU are always worth the investment. 

Take for instance, if your job gives you an opportunity to take on some training for an upcoming promotion, but it means traveling out of town, it makes sense to take out a cash loan now, so you can reap the rewards in the long term. 

One of the key questions you should ponder over when spending money is how it benefits you, not only money-wise but in all areas of life. Whenever you need to decide whether you should spend money, ask yourself how it’s going to benefit you in the future. It will make the decision easier for you.

The main element you need to keep growing is to keep learning. The more you learn, the more you grow. Learning shouldn’t be based only on how the knowledge or skill will help you professionally, but something that can help you personally holds the same amount of importance.

We often are so busy adding on to our skillsets in our CVs that we forget to learn and live outside the two-page description of our worthiness. Instead of writing “Reading, Listening to music, or a general thing,” you could actually write about your hobbies that you spend ACTUAL time, ACTUAL money, and ACTUAL energy on.

Knowing things helps us connect with like-minded people. Making connections and socializing becomes easier if you have various interests to talk about. That being said, taking on things just because people seem to be doing it or it is the new hip thing isn’t right either. Invest only in things that genuinely tickle your fancy. 

Final Thoughts

Investing in yourself will take you a long way without stressing about how to make the journey. Don’t hesitate to shell out money for things that make you happy or help you learn new things. The point of earning is to make our lives better, and that means improving the quality of living rather than having a ton of expensive things. The experience stays, expenses vanish.

6 Things to Look for Before Investing in an ICO

Option trading

An Initial Coin Offering (ICO) is a fundraising means – a form of crowdfunding activity – in which a company attracts investors. Firms partaking in this issue digital “coins” or “tokens” in return for a payment from the investors.

An ICO is very similar to an IPO; if you understand one, you can easily understand the other. The main and the only difference is that instead of selling shares in the company, startup companies using ICO to sell crypto-coins in exchange for money.

1. Understand the Team

You have to try to find out everything you can on the team behind the ICO. The more difficult it is to get information on them, the more suspicious the ICO. Try googling team members individually, see what kind of projects they have been involved in previously, what their experience is in other crypto-centric projects, and what kind of impact they have made on that project.

2. Usage of Funds

You must also look for information on how the funds will be used. Reputable cryptocurrency companies will present a detailed list of projected expenses. In contrast, a company that is seeking to defraud investors will never reveal details about how they plan on using the funds. And even if they provide the details, it would be too vague.  

3. Community Feedback 

ICOs will be announced on community forums whose members will include a large number of cryptocurrency enthusiasts and investors. You should look at how the members respond to the news. Are they excited? Or are they not even bothered? 

A lack of interest is usually a sign that the company will not meet with any initial success. Visit the social media pages of the company and look at how people are responding. Now, be wary of fake comments and responses which will try to make the ICO look like a once-in-a-lifetime opportunity.   

4. VC Interest

Venture capitalists are famous for lending their support for bright prospects quite early on. You will (or should) have access to the names of prominent investors on the company website. If you have some well-known names listed out, it gives you some reassurance about the project’s viability.

5. The Cap

When the whole crypto ICO wave began to take the world by storm, you really couldn’t make out the difference between an open or hard cap since the demand level was crazy.

An open cap simply means that investors are allowed to send an unlimited amount of funding to the project and get the corresponding investment value through a high number of tokens.

The downside of this is that it pulls the value of the token down south. When you have too many tokens in circulation, your token deteriorates in value owing to the fact that there’s less demand for it.

6. Beta Preview 

Find out whether the company is offering a beta preview of the coin. It can be anything from a full-fledged beta client that you can download and test, to a simple YouTube video that shows the current stage of coin development. 

Whatever it may be, a brief glimpse of the product is a good sign since it shows that the company is actually developing something and not just talking about a plan for a coin.

Final Thoughts

Investors who are looking for the next big crypto score are attracted by the companies by releasing their own digital currency in exchange for a crypto-coin or fiat currency. Being an investor, you need to be careful that you aren’t just falling for shiny promises.