Quick snippets from my morning read on Wednesday, 18th November 2020
Today’s morning read also follows from this week’s theme on money and finances. It’s an article that talks about investment, but I particularly like it because it looks at investment not just from the money perspective, but from a value perspective, which then means we can make bigger – and potentially more rewarding – investments in our time and in people’s lives.
The Investor Mindset by Joseph Brown
In its broadest sense, an investor is someone who invests resources into ventures that will provide a positive return.
We generally think of it in terms of money.
The investor mindset here is that we make money work for us. For the investor, money makes money. The investor doesn’t want to work for it. And if they know what they’re doing, in time they won’t have to work.
This is the start — but from that insight, we learn that we have even better resources to invest than just money.
1. Invest in time
Time is the greatest resource we have. It’s the only one that really counts. And once the count is up, well all the work and money and material goods mean absolutely nothing.
The investor mindset also knows that while time is the greatest resource, it’s also the greatest limitation.
2. Invest in skill
Speaking of limitations, the investor mindset is not just about maximizing our money. Once we can see how the proper allocation of money can affect our monetary returns, we know that investment in our skills can drastically improve our return on time investment.
3. Invest in others
The investor mindset goes beyond greed. It’s about investing what we have to grow more good. And once we have too much, then we can look to invest in others so they can grow the good of the human race.
Read the full and insightful article by Joseph Brown.
And as always, if you enjoyed this, check out the rest of our daily snippets, curated daily, right here on The Red Notebook.
