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5 Ways to Invest in Yourself - The Concept of Compound Interest - YouTube
Channel: The Art of Improvement
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Having a âwhyâ and purpose for what youâre
doing will ignite your quest for greater purpose
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in life.
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This means, once you make decisions, itâs
best to know why youâre doing what youâre
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doing.
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When your decisions are informed by clear
and educated thought, youâre on the road
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to success.
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Then, you can start giving deeper thought
to investing in yourself - in other words,
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building on the wins youâve already accumulated.
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Think of it like this - when you have already
started to build a strong foundation of values,
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experiences, small and large wins, the more
you keep building on this, the greater structure
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and overall body of work youâll have.
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In the process you refine and strengthen your
character, by also gaining a reputation among
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others as someone of integrity.
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Building.
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Learning.
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Growing into the vision of yourself you always
imagined.
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At a high level, this is a winning formula.
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Itâs where you truly form the living and
breathing concept of compound interest.
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Compound interest, by definition, means: âinterest
computed on the sum of an original principal
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and accrued interest.â
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Thatâs more of a financial term.
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Iâm talking about it in human capital.
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Compound interest manifests itself in the
following pattern.
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For the sake of this discussion, letâs use
the path of becoming an entrepreneur of a
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digital marketing company:
You form your values, goals and plan for what
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you want to do
You get educated and begin to start earning
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experience
You become an expert, producing great content,
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establishing a business and learning all that
you need to scale and sustain it
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As you grow and continue repeating your process,
you have built your âprincipalâ and âaccrued
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interest.â
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Now, itâs time to keep generating more interest.
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Once youâve established yourself and demonstrated
consistency, more opportunities come your
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way.
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New clients, media opportunities, industry-leaders
willing to partner with you and help.
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I came up with a list of five ways to invest
in yourself.
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Theyâve helped to form a career as a bestselling
author and coach.
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Iâve seen these threads throughout the lives
of many successful people Iâve studied.
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I hope they benefit you.
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The gym I used to go to had a sign at the
front that said, âShowing up is half the
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battle.â
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Corny?
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Cliche?
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Maybe.
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But think about this - if someone is willing
to offer you a seat at the table - an opportunity
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to do something you love - why in the world
wouldnât you take it?
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By accepting and committing, youâre already
there.
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You have a chance.
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And you should never, ever take it for granted.
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The rest of the battle is up to you.
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From there, you have to earn your keep.
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I think of this in the context of the abundance
of resources we have at our fingertips in
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the modern world.
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If you want to learn something, thereâs
simply no stopping you if you have an Internet
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connection and access to resources at a public
library.
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If youâre willing to âshow upâ, you
will eventually see extraordinary results.
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If you donât show up at all, youâll always
be left guessing, wondering and speculating.
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âIn any moment of decision, the best thing
you can do is the right thing, the next best
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thing is the wrong thing, and the worst thing
you can do is nothing.â
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- Theodore Roosevelt
Iâd encourage you to be discerning and wise
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when it comes to making decisions.
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You donât want to jump at just anything.
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But if you research opportunities - or better
yet, have them come your way - then GO FOR
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THEM.
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Always show up.
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Always give things a shot.
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Weâre all entitled to a day off, but for
those of us who desire the best of ourselves,
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weâre not entitled to making up the rules.
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Or rule.
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In fact, hereâs the simple rule of life
thatâs been proven time and again:
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The people who operate most efficiently, most
effectively and with greatest consistency
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win.
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Itâs that simple.
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Iâd like to particularly focus on consistency.
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Consistency and repetition are the sharpest
tools in the toolkit of winners.
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Keep doing.
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Keep creating and producing.
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This is what Iâd like to call âThe Rolling
Stones model.â
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The Rolling Stones became one of the most
famous music groups of all time by making
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a lot of hit songs.
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Thatâs a fact.
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But you know what else The Rolling Stones
did?
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They produced a lot of mediocre and just so-so
songs.
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A lot.
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But what do people remember?
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They remember the hits, the best stuff.
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And you have to admire their overall body
of work because they kept churning out the
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best work they could.
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They never stopped.
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Theyâre still going!
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Keep producing and churning out the best work
you can.
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That may not be viewed as the best work by
others.
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But itâs a heck of a lot better than doing
nothing.
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In a Harvard Business Review article, Bill
Barnett shares the importance of developing
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our strengths and reinforcing what those are
in a multitude of ways.
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First, itâs important to list our strengths.
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Know what you believe them to be.
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But then, you need to seek external validation.
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Ask others what your strengths are.
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Think of the times that youâve done something
well, when others have offered you review
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or feedback.
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What are your strength themes?
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Make it a point to build a list of strengths
and continue to revisit these.
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I also believe in the long-term importance
of eliminating your weaknesses.
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Everyday that I live without reverting back
to foolish traps like negative thoughts, sinful
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desires and temptations or repeating mistakes
of the past, I feel like Iâve won a huge
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victory.
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If life is all about finding ourselves, then
weâre far better geared to do this by living
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with pure intentions and free from pointless
distractions and things that detract from
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who we want to be.
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You could become an industry-leader or highly
successful businesswoman, but you could also
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become known for one misstep along the way
that ruins you due to bad habits.
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Look at your weaknesses.
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Be honest.
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You may not want to share these things with
others.
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But remind yourself each day of the things
you need to improve and ensure you donât
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hurt yourself with one small weakness in a
sea of strengths.
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The most important thing you can know is this:
Your education DOES NOT culminate in the public
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school system, secondary school or even in
college.
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Heck, even at your Masterâs degree or doctorate
degree ceremony.
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Thatâs an old way of thinking and it will
lead you to gradually fall behind.
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Your education continues until the day you
leave this earth.
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âItâs our time to make a move.
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Itâs our time to make amends.
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Itâs our time to break the rules.
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Letâs begin.â
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- lyrics from âRenegadesâ by X Ambassadors
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Life is about finding your niche, finding
your unique way to share yourself - your voice
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- with the world.
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Through love.
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Through enthusiasm and passion.
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And with purpose.
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Find your thing and then crush it.
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I know what my thing is and Iâm always trying
to become the best I can.
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My âWhyâ, which is part of my larger mission
statement, lays things out in crystal clear
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clarity: I want to help others and make a
tangible difference in their lives through
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my writing, speaking and coaching.
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So in that context, I gave more thought to
online writing.
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I thought more about the ways that we create,
read and distribute content.
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Frankly, I simply enjoy writing and perfecting
my craft.
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I want to continue to become the best writer
I can, while growing and learning more about
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myself, learning about your journey and seeing
how we can help each other along the way.
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I want to invest in myself each day.
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Hopefully, youâre willing to do the same.
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