Comments on: The Best Place to Invest Your Money http://www.stevepavlina.com/blog/2005/02/the-best-place-to-invest-your-money/ Personal Development for Smart People Thu, 24 Jul 2008 22:34:35 +0000 http://wordpress.org/?v=2.6 By: Guitef http://www.stevepavlina.com/blog/2005/02/the-best-place-to-invest-your-money/#comment-880 Guitef Sun, 13 Feb 2005 13:59:12 +0000 http://www.stevepavlina.com/blog/2005/02/the-best-place-to-invest-your-money/#comment-880 <strong>Investir dans soi-même</strong> Steve Pavlina propose que l’on investisse 3 % de nos revenus dans le développement de soi-même. « The best place to invest your money is in yourself. The rate of return from investing in your own knowledge and skills will be much... Investir dans soi-même
Steve Pavlina propose que l’on investisse 3 % de nos revenus dans le développement de soi-même. « The best place to invest your money is in yourself. The rate of return from investing in your own knowledge and skills will be much…

]]> By: Chris Melinn http://www.stevepavlina.com/blog/2005/02/the-best-place-to-invest-your-money/#comment-819 Chris Melinn Mon, 07 Feb 2005 21:57:15 +0000 http://www.stevepavlina.com/blog/2005/02/the-best-place-to-invest-your-money/#comment-819 Great post - thanks! You may also enjoy this post on a similar topic: http://software.ericsink.com/Career_Calculus.html Great post - thanks! You may also enjoy this post on a similar topic: http://software.ericsink.com/Career_Calculus.html

]]> By: Joshua Allen http://www.stevepavlina.com/blog/2005/02/the-best-place-to-invest-your-money/#comment-817 Joshua Allen Mon, 07 Feb 2005 20:59:49 +0000 http://www.stevepavlina.com/blog/2005/02/the-best-place-to-invest-your-money/#comment-817 Yeah, I think the focus on money is wrong. It should be 3% of your time (or more). This is something Americans especially get wrong; assuming that the value you get from something is related to the cost -- so we have stupid measures like "$ spent per child" on school, and we have the highest amount of $/student and yet the dumbest graduates. It's because books are pretty darn cheap, and there are libraries. If people just take the time to study, practice, learn, rather than going on wasteful shopping trips, everyone would be much more effective. Yeah, I think the focus on money is wrong. It should be 3% of your time (or more). This is something Americans especially get wrong; assuming that the value you get from something is related to the cost — so we have stupid measures like “$ spent per child” on school, and we have the highest amount of $/student and yet the dumbest graduates. It’s because books are pretty darn cheap, and there are libraries. If people just take the time to study, practice, learn, rather than going on wasteful shopping trips, everyone would be much more effective.

]]> By: MX http://www.stevepavlina.com/blog/2005/02/the-best-place-to-invest-your-money/#comment-812 MX Mon, 07 Feb 2005 12:16:40 +0000 http://www.stevepavlina.com/blog/2005/02/the-best-place-to-invest-your-money/#comment-812 Please forgive my bad English. I'm not a native speaker. I couldn't aggree more. I also have the habit of investing in myself. I go to seminars, read books, discuss a lot, listen to audiotapes, etc. I don't have a rule like "spend 3% of my income on books" but a rule like "make sure that a good percentage of your time every week is spent learning something or improving myself". For me this has paid off handsomely over the years. It's one of the best habits I have. It's not something that pays off in the short term (unless you are lucky and come upon some high quality books), but in the long term it really pays off. The problem is I also forget some stuff, but it's ok. If I forget something, that means it isn't very important to me. I have other related habits that help me a lot: 1. At the end of each month I spend an hour or so summarising my accomplishments for that month, and deciding on new goals for the next month. During that hour, I also pay attention to how much I learned during the month. 2. After each non-work-related web browsing session, I think a bit about what I found out during the session, whether I had fun or not, etc. The fact that I know which browsing session was good (learned a lot, had fun) and which browsing session was bad (dull session) helps me improve my browsing sessions. 3. I used to be a Slashdot addict. Now instead of reading Slashdot or Kuro5hin whenever I am bored, I do this: I use a program called WebSite-Watcher to monitor over 200 business related web sites and blogs. So when I want to read something, instead of going to Slashdot, I have a list (in Website-Watcher) of the sites that changed since I last read them - so I always have fresh material to read which also helps me profesionally (I run a small ISV). Reading useful and interesting things is a lot more satisfying to me than reading Slashdot. The problem was, I used to get sucked into spending hours on Slashdot because Slashdot always has fresh content. The serious sites which have very good content are updated rather rarely (once every 2-3 days). But now, due to Website-Watcher, I always have good fresh content, because I monitor over 200 sites. I have escaped Slashdot addiction. I have no desire to read Slashdot. Please forgive my bad English. I’m not a native speaker.

I couldn’t aggree more.

I also have the habit of investing in myself. I go to seminars, read books, discuss a lot, listen to audiotapes, etc. I don’t have a rule like “spend 3% of my income on books” but a rule like “make sure that a good percentage of your time every week is spent learning something or improving myself”.

For me this has paid off handsomely over the years. It’s one of the best habits I have. It’s not something that pays off in the short term (unless you are lucky and come upon some high quality books), but in the long term it really pays off.

The problem is I also forget some stuff, but it’s ok. If I forget something, that means it isn’t very important to me.

I have other related habits that help me a lot:

1. At the end of each month I spend an hour or so summarising my accomplishments for that month, and deciding on new goals for the next month. During that hour, I also pay attention to how much I learned during the month.

2. After each non-work-related web browsing session, I think a bit about what I found out during the session, whether I had fun or not, etc.

The fact that I know which browsing session was good (learned a lot, had fun) and which browsing session was bad (dull session) helps me improve my browsing sessions.

3. I used to be a Slashdot addict. Now instead of reading Slashdot or Kuro5hin whenever I am bored, I do this: I use a program called WebSite-Watcher to monitor over 200 business related web sites and blogs.

So when I want to read something, instead of going to Slashdot, I have a list (in Website-Watcher) of the sites that changed since I last read them - so I always have fresh material to read which also helps me profesionally (I run a small ISV).

Reading useful and interesting things is a lot more satisfying to me than reading Slashdot. The problem was, I used to get sucked into spending hours on Slashdot because Slashdot always has fresh content.

The serious sites which have very good content are updated rather rarely (once every 2-3 days). But now, due to Website-Watcher, I always have good fresh content, because I monitor over 200 sites.

I have escaped Slashdot addiction. I have no desire to read Slashdot.

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