5 Investments You Need To Make To Be Successful - Project Hot Mess (2024)

Success doesn’t just happen. It’s not like you wake up one day and all of a sudden you’re a great big success and everything you have ever wanted is right before you. Even those who seem to have ‘overnight success’ have actually been working in the background for quite some time to make that ‘overnight success’ happen.

Along the way, there are investments you need to make to be successful. This isn’t a ‘you have to spend money to make money’ kind of argument, although that is a valid point. This is more about the investments you need to make in order to position yourself for success.

1 – Invest In Yourself

Absolutely number one, you must invest in yourself. This can take shape in many forms but the main point is that you need to believe in yourself and trust in yourself enough that you are willing to invest in you.

Back yourself! If you don’t feel confident in yourself, then make the necessary changes so you do. Success doesn’t happen because you’ve focused on one aspect. That would be like trying to build a house on one stump. It’s not going to work. You need to focus on you as a whole. All the areas of your life and set the foundation of success with you.

2 – Invest Time

As we said before, success doesn’t just magically appear. You can’t expect to be successful by investing just one hour of your time a day – despite what remarkable claims some people make. It just doesn’t happen.

If you want to be successful, regardless of what field it is in, you need to invest the time into making it happen.

Look at professional athletes who are successful. Do you think they just spend one hour a day training? No! They spend hours upon hours each day, plus more time strategising and perfecting techniques, plus more time working on their mental focus and more time working on their health.

The focus on all the different areas, they understand each area needs a certain amount of time dedicated to it and they invest that time.

If you’re stretched at the moment, invest what time you can. And, as you are able to, start investing more and more. Just remember that it’s about the balance of time too. If the athlete spends too much time on their training and not enough on their mindset, then the balance is going to be off. The same goes for any type of success you’re trying to create.

3 – Invest in Education

We are always learning, that is how we grow. Our education never stops, there’s always more to learn and more to understand. Isn’t that ridiculously exciting? It makes me super excited.

By investing in your education, I don’t mean you have to go off to University and get another degree. You don’t even need to have ‘formal’ education. Investing in your education is investing the money, time and effort it takes you educate yourself on a topic or range of topics.

This can happen in many ways! You can listen to podcasts, read books, read eBooks, watch documentaries, watch YouTube tutorials, attend classes, attend workshops and conferences, hire a coach, hire a trainer… the possibilities are endless.

5 Investments You Need To Make To Be Successful - Project Hot Mess (1)

4 – Invest in Your Health

“When you have your health, you have everything. When you do not have your health, nothing else matters at all.” – Augusten Burroughs

When we start focusing on being successful in our jobs, in our businesses, as a family… one of the things that seems to be easy to drop off the focus list is your health. Maybe you stop going to the gym because you’d rather work on your business, your morning walk doesn’t seem as important as fulfilling client orders and you just eat whatever is available whenever it is available.

The little investments you make in your health now will pay off in the long run. With good health, exercise and good eating habits comes energy, stamina and higher mental clarity.

If you’re exercising right and eating well, you won’t have such a big 3pm slump that makes you want to fall asleep at your desk. If you’re sleeping well, you’ll feel more refreshed and focused rather than trying to work yourself to the bone to ‘get things done’.

It all comes back to our number one investment – you. You have to make the investment in your health, however that looks. Whether it’s your time, paying a personal trainer, paying a personal chef, educating yourself on what healthy is or simply taking the time to make it all happen each and every day, investing in your health is going to be a key element in not only becoming successful, but staying successful.

5 – Invest in Risks

Nothing great was ever achieved without some sort of risk. Do you think those who we look up to as being successful got there by playing safe? Colouring between the lines? Sticking to their own lane? No way. They took risks.

“Most everybody thinks that if I want to get big rewards I need to take huge risks. But if you keep thinking that, you’re gonna be broke.” – Tony Robbins

Tony Robbins explains that it’s not about taking the big giant risks that have a small chance of paying off, it’s about taking small calculated risks that give you the biggest reward.

While your big scary risk might be to quit your job to pursue your dream of running your own business, a smaller more manageable risk may be to cut your work hours down while you build your business up.

Risk doesn’t mean putting it all in,win or lose, it means moving outside of your comfort zone, bit by bit, stretching it that bit further so one day you’re at the point where you only dreamed you would be.

5 Investments You Need To Make To Be Successful - Project Hot Mess (2024)

FAQs

What are the 5 steps they suggest to start investing? ›

How to Invest Money in 5 Simple Steps
  • Step 1: Set goals for your investments.
  • Step 2: Save 15% of your income for retirement.
  • Step 3: Choose good growth stock mutual funds.
  • Step 4: Invest with a long-term perspective.
  • Step 5: Get help from an investing professional.
Aug 31, 2023

What is the best investment you could make? ›

11 best investments right now
  • Money market funds.
  • Mutual funds.
  • Index Funds.
  • Exchange-traded funds.
  • Stocks.
  • Alternative investments.
  • Cryptocurrencies.
  • Real estate.
Mar 19, 2024

What makes a project a good investment? ›

The profitability index divides the present value of a project's expected future income by its initial investment. According to the index, a project that has a calculation greater than one is a good investment. If the project has a calculation of less than one, it does not make financial sense.

What is the 4 rule in investing? ›

The 4% rule entails withdrawing up to 4% of your retirement in the first year, and subsequently withdrawing based on inflation. Some risks of the 4% rule include whims of the market, life expectancy, and changing tax rates. The rule may not hold up today, and other withdrawal strategies may work better for your needs.

What are the six 6 criteria for choosing an investment? ›

Our Six Investment Criteria
  • Sustainable above-average earnings growth.
  • Leadership position in a promising business space.
  • Significant competitive advantages/unique business franchise.
  • Clear mission and value-added focus.
  • Financial strength.
  • Rational valuation relative to the market and business prospects.

How to turn $1000 into $10 000? ›

The Best Ways To Turn $1,000 Into $10,000
  1. Retail Arbitrage.
  2. Invest In Real Estate.
  3. Invest In Stocks & ETFs.
  4. Start A Side Hustle.
  5. Start An Online Business.
  6. Invest In Alternative Assets.
  7. Learn A New Skill.
  8. Try Peer-to-Peer Lending.
May 1, 2024

Where to invest $1000 right now? ›

Here are eight of the best ways to invest $1,000 to help grow your money over time.
  • Pay down high-interest debt. ...
  • Build an emergency fund. ...
  • Stash your money in a high-yield savings account. ...
  • Put your cash in a certificate of deposit (CD) ...
  • Contribute to an individual retirement account (IRA) ...
  • Get your 401(k) employer match.
Mar 7, 2024

What is the simplest thing to invest in? ›

7 easy ways to start investing with little money
  • Workplace retirement account. If your investing goal is retirement, you can take part in an employer-sponsored retirement plan. ...
  • IRA retirement account. ...
  • Purchase fractional shares of stock. ...
  • Index funds and ETFs. ...
  • Savings bonds. ...
  • Certificate of Deposit (CD)
Jan 22, 2024

What will make a project successful? ›

Successful projects are those that 1) meet business requirements, 2) are delivered and maintained on schedule, 3) are delivered and maintained within budget, and 4) deliver the expected business value and return on investment.

What are the three things for a successful project? ›

Respect, trust and teamwork are necessary ingredients to create successful projects and lasting results.

What can contribute to a successful project? ›

Let's have a look at such factors:
  • Experienced Project Managers & Professional Project Team Leaders. ...
  • Methodic Approach. ...
  • Proper Planning. ...
  • Adhere to the Best Practices. ...
  • Monitoring & Control. ...
  • Use a Professional Software. ...
  • Effective Communication. ...
  • Work with Commited People.
Feb 1, 2024

How to multiply money fast? ›

10 Best Investments on How to Multiply Your Money Without Risk in India
  1. Invest in an Online Course.
  2. Invest Money on Instagram.
  3. Invest in Mutual Funds.
  4. Invest in the Stock Market.
  5. Invest in Service-Based Ventures.
  6. Invest in Learning a New Skill.
  7. Invest in Fixed Deposits (FD)
  8. Invest in a Startup Business.
Jan 15, 2024

What is the wisest investment of all answers? ›

The wisest investment can vary greatly depending on your financial goals, risk tolerance, and individual circ*mstances. Some common wise investment options include: 1. **Diversified Portfolio**: Investing in a well-diversified portfolio of stocks, bonds, and other assets can help spread risk.

What is the 15 return on investment? ›

Meaning of the 15-15-15 rule in Mutual Funds

The Investment: You should invest Rs 15,000 per month. The Tenure: The total of your investment should be 15 years. It means that you will invest Rs 15,000 every month for the next 15 years. The Return: Your expected returns on your investment should be 15%

What are the steps to start investing? ›

Here are 5 simple steps to get started:
  1. Identify your important goals and give them each a deadline. Be honest with yourself. ...
  2. Come up with some ballpark figures for how much money you'll need for each goal.
  3. Review your finances. ...
  4. Think carefully about the level of risk you can bear.

How should a beginner start investing? ›

How to start investing
  1. Decide your investment goals. ...
  2. Select investment vehicle(s) ...
  3. Calculate how much money you want to invest. ...
  4. Measure your risk tolerance. ...
  5. Consider what kind of investor you want to be. ...
  6. Build your portfolio. ...
  7. Monitor and rebalance your portfolio over time.
Apr 24, 2024

What are the steps to start investing in stocks? ›

Investing in stock: 4 quick steps to get started
  1. Choose how you want to invest.
  2. Open an investment account.
  3. Decide what to invest in.
  4. Determine how much you can invest – then buy.
Feb 28, 2024

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