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The world's best investment
Friday, 23 November 2007
Many people don't think of it consciously, but much of our lives are spent deciding how to invest our resources. Families decide whether to move into a bigger house, or save their money and stay in the current one. Young women decide which man they should bet their reproductive potential on. Workers ponder what they should do with their holidays. And so on.
Of course there's also the more obvious fields of investment. Where should you put your retirement funds? Should you put a windfall into shares or property?
And there's the biggest investment question of all - What should I spend the limited days of my life doing?
Some investments are good, some bad.
Time invested in exercise is great for your health. But spend a month not exercising, and you'll be back to square one. Many purchases have a similar problem. We all know a new car loses value the minute you drive it off the block.
But there's one investment that stays with you almost your entire life. Every minute put into it improves your well-being, and will continue to pay back years later.
That investment is education. Once it's in your head, it's there forever. Sure it may fade a little, but it usually doesn't take much work to bring it back.
It's usually reasonably priced in time and money. And it's fun. The more of it you invest in - the bigger the returns you get from it.
There are very few educational undertakings that aren't worthwhile. You should spend your life improving your own education and understanding of the world. Leverage off the learnings of others, and fill your head with interesting stuff.
Education is the world's best investment. Put some of your own resources into it.
 | Look for the underlying pattern | | We humans are pattern-spotting machines. The world can often seem complex and random, but if you look under the covers, you can sometimes find an underlying pattern for its behaviour. In fact, it's the discovery of such patterns that have driven our development forward in many areas. |  | Don't get too easily discouraged | | Occasionally, you may come across someone who appears as if they were born an expert in something. Perhaps it's sport, meeting people, business or family. Some of us just seem to be stars, while others are common. | | Test yourself out on the real world | | Each of us lives in two different places. The real world in which our bodies are firmly anchored, and a shadow-world of fantasies, rules-of-thumb and strategies that flows in the space between our ears. | | Fill your life up with interesting stuff | | We all feel a bit down sometimes. "To be or not to be, that is the question;" Shakespeare's Hamlet famously said. "Whether 'tis nobler in the mind to suffer, The slings and arrows of outrageous fortune, Or to take arms against a sea of troubles, And by opposing, end them." |  | My eight best negotiation tips | | Negotiation is a part of life we all have to deal with. Being able to do so successfully can make a big difference to our outcomes. Here are eight tips that have helped me. | | Is there something you want? Why not ask for it? | | One of the big differences that I've noticed between those who get what they want and those who don't comes down to one simple behavior - whether they're willing to ask for it. |  | Understanding the games people play | | A very interesting book, for anyone who's interested in the psychology of human relationships, is Games People Play by Eric Berne. Dr Berne is a psychiatrist who developed the theory of transactional analysis, which looks at the ways people interact with one another. Specifically, he's interested in the psychological games people play. | | Generally, it's best just to tell people what they want to hear | | Some people live to tell others what they're doing wrong. They see themselves as some sort of ivory-tower dwelling soul, gazing mercifully down on the rest of us and having the generosity to point out our faults when they see it as necessary. I'm sure you meet such people all the time. | | Be adaptable in a changing world | | When I look and listen to the people around me, I get the impression that many of them are terribly afraid of change. You can see it in the way they cling desperately to a job they hate, keep friends who are obviously bad for them, and stay in abusive relationships. | | It's not going to just fall into your lap | | I meet a lot of people who are dissatisfied with their lives. They feel they don't have enough money, enough love or enough recognition. They see others around them getting all the rewards while they're passed by for the good things in life. |
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