When it comes to running a business, many CEOs, entrepreneurs, and business owners may think they are too busy to learn new skills. They usually have enough to juggle managing team members, cash flow, business growth, strategy, etc. But for many, just stopping and looking at where you can invest in your education is the first step to becoming a more strategic and forward-thinking business.
If you don’t keep up with changing times, you will be left behind
In this fast-paced, digitally transforming landscape, education is key to staying ahead of the game and investing in yourself by undertaking education to make your money work harder; that makes even more sense.
I invest up to 10% of my earnings per year in my own learning as I believe that we can never learn enough, and the world is changing so quickly that we need to ensure we can keep up and be ahead of the curve. The money sitting in the bank or any business profits are actually losing value due to inflation. Leave the money where it is, and next year what you can purchase with it will be much less than what you could buy with it today. Because of this, it is madness to leave this money where it can stagnate and not work for you.
Learn how to invest
By learning how to invest, money can work much harder for the business, and you can build up a diverse portfolio that brings you good returns each month. Of course, we would never suggest investing all of your business’s money. A certain amount will be needed for cash flow and emergencies, but any pure profit money can be invested in small sums over a series of months. Remember to only invest in what you are prepared to lose, but do wisely, and you can see good returns.
Through trading and investing, you can become wealthier or create a second income or even use investing and trading as a vehicle toward securing total financial independence later in life. Alternatively, you can simply keep investing your returns to know you have a nest egg for any challenges or dips in revenue that the future may hold.
Learning new skills is imperative in this digital age. By educating yourself on trading in stocks and shares, new avenues open up, and further options become available to you. With digital currencies and cryptos, blockchain, metaverses and NFTs exploding onto the investing scene like never before, it is imperative to be educated to make the most of these phenomenal investment opportunities that are now hurtling toward us every day.
To illustrate that these new digital currencies are worth the hype, we recently saw Goldman Sachs investing and putting assets into crypto and allocating 20% of their holdings into coins such as Ethereum, Solana, Avalanche, and Matic, among others.
We believe it’s just a matter of time before the markets start to rally, and who knows how big it will be? Some even say it will be the 12th sector in the market. I believe it is inevitable that the 500 biggest companies in the world, according to the S&P500, will add crypto to their portfolios as well.
The great Jim Rohn, who is referred to in some circles as the ‘Grandfather of Personal Education’, and the man who taught Tim Robbins everything he knows, says that formal education can make you a living, but self-education makes you a fortune.
Most CEOs will be motivated by financial return and growing their business, so learning these skills will appeal. They will become immersed in the topic and develop a passion for investing and seeing their company’s assets grow. So go out and learn a new skill today, enrich your mind and widen your view of the world. You could choose to learn anything, but for the savvy, business-minded CEOs out there, investing in cryptos and digital currency can be a very lucrative education.
About Marcus de Maria: Renowned stock market and wealth educator, investor, and entrepreneur Marcus de Maria is the Founder and Chairman of Investment Mastery, one of the world’s leading investment and trading education companies. Marcus is also the author of three books, including The Lunchtime Trader, a guide on building indestructible wealth by trading stocks for just 20 minutes a day.