Danielle AbbottComment

How Investing in Yourself has the Best ROI

Danielle AbbottComment
How Investing in Yourself has the Best ROI

What would life look like if you were healthier, happier, fulfilled? If you could remove the stress, doubt, anxiety, and fear?

Would you perform better at work? Could you find the confidence to start your business? Could you negotiate a raise? Could you could change your career? Would you have more head-space for figuring out ways to earn more income?


Not all debt is created equal. Earlier this week I was at the bank with my husband to get credit extended to him for his HVAC business. Why would I do such a thing, when I’m Damsel out of Debt?!

When I say not all debt is created equal you probably think I’m going to say it’s responsible and moral to have a mortgage, car loan and student loan but anything outside of that is irresponsible. That’s pretty much what we are taught to believe.

Our society believes that it is completely acceptable to take on a mortgage, a car loan, and massive student loans even if these three types of debt may have a relatively small or negative return on investment.

I’m not being judgmental of you choosing to carry these types of debt, I have a mortgage myself. My point is that there is this one group of debts that we are expected, and even pressured to take on, while there are other forms of debt which we are expected to feel shame about. What matters is the value you receive in taking on that debt or investment.

A good exercise is to look at all the areas you spend or borrow money and compare what you receive for that investment. It may not be monetary. Your home may not make you a ton of money over the five to ten years you plan to live in it. Though, perhaps it is giving your family the security of living in a certain neighborhood, allowing you to modify it to your liking, and gives you the freedom to own the pets you wish to have without the requirement of a landlord approving them. There are other reasons we invest in certain areas besides the monetary return on investment.

There is no guarantee that your student loan is going to get you a job which pays you enough to pay off the related student loan in a reasonable amount of time. However, there are many reasons people choose to pursue education besides the resulting salary.

The reason I was at the bank with my husband was to get credit extended to help with the cash flows of his business. In order to grow and take on more work, he just needed short term cash flows. He needs to pay staff and himself while the project is underway, before he gets paid at the end of the project. This kind of debt is earning him a great return on investment because it is allowing him to take on profitable projects.

A few months ago we decided to hire a biweekly house cleaner, even though initially it felt incredibly frivolous while we are on our debt free journey. However, when I considered what we would receive back for that investment, it was an easy decision to make. Four hours of house cleaning every two weeks was four hours I could work on my business, read for my master’s course, and spend with my children and husband. For me, cleaning the house hung over my head at all times, making it difficult to invite people over and using up my precious weekend time. I considered how I could use that time to move me forward in my vision of what I want my life to be. I decided the return on that investment far outweighed the initial feeling of frivolousness and I haven’t looked back.

We often have a hard time investing in ourselves. That’s what my cleaning decision was. It was an investment in using my time in a way that allowed me to do more of what I wanted to do. Another area where people have a really hard time investing in themselves is personal care.

I’m working out of a counselling and coaching centre and the experience of the counselors and coaches that work there is that cost is often what holds back potential clients from jumping in. Getting help from these professionals could help these individuals them feel better emotionally, mentally, and physically. Getting help could make them see their life through a different lens, give them back control, and give them peace and clarity. Getting help could change everything in their world and remove the stress in their life, but we find it hard to see that an investment in ourselves as a responsible investment.

So when you think about whether or not you should get help with whatever is making life challenging, consider the other ways in which you choose to invest. Consider how those things make your life better and compare it to how your life could be if you removed the stress, anxiety, and fear.

Dream of what you would like your life to look like, and then figure out what you need to get you there. If it means you need to manage your mind, manage your finances, or manage your relationships, that is exactly where you should consider investing.

What would life look like if you were healthier, happier, fulfilled? If you could remove the stress, doubt, anxiety, and fear?

Would you perform better at work? Could you find the confidence to start your business? Could you negotiate a raise? Could you could change your career? Would you have more head-space for figuring out ways to earn more income?

Investing in ourselves may feel like purely an expense, your money out the door, never to be seen again. Can’t you see though, how investing in yourself is actually the FIRST place to start? From there, everything else gets easier.