Keys to Success #10: Learn to invest in you. Would you spend $100,000 to make $5,000,000 or more?

It is a simple enough question isn't it?

Would you spend one hundred thousand dollars in order to make five million dollars or even more? Of course the answer is "yes".

Would you spend $250,000 to make $10,000,000? The answer again would be "yes".

I would have easily spent $150,000 over the last 40 years in my financial, sales, business and investing education by attending seminars and training courses, buying books, tapes, CD's, subscribing to various newsletters etc as well as countless hours of study, in order to improve my financial education. Was it worth it???? You bet!!! That investment helped me generate tens of millions of dollars.

In reality, if you are serious about wealth creation, you are likely to spend 30 years or more investing. In fact, your investing habit will become just that...a habit, and will likely end up being an interest that continues well into "retirement".

A $100,000 investment over 30 years is just $3,330 per year. or $10 per day. People spend more than that on takeaway coffee for goodness sake! Isn't it better to invest that money in your financial and "real world" eductaion so you can create millions of dollars over time?

Even to this day, I still subscribe to certain newsletters and investment advice, I also listen to podcasts, listen to audiobooks while driving and spend 10-12 hours per week researching different investment ideas and decisions. Investing is a passionate hobby for me nowadays. I enjoy the learning, and the challenge of finding great investments. The idea of making a few hundred thousand dollars each year while sitting on my ass and tinkering with a favourite hobby is a great feeling! Knowing my wife and I are financially free and do not need to work for money is very satisfying.

A word of caution... you must see a return for your financial education investment. Spending the money without getting a return is pointless and a waste of resources. Make sure you get your money's worth and apply what you learn -

otherwise, what's the point?

Getting here took a lot of learing and time, around 35 years of it, actually.

Over this 35 years, I have paid for and attended numerous seminars on wealth creation, investing and motivation. I have paid for and attended various courses to improve my financial knowledge, business skills, and sales/negotiation skills. I have bought and listened to countless audio courses, read countless books and articles, subscribed to various newsletters and advice sources - all with the hope to better myself. I think it worked!

My self education wasn't just focussed on increasing my investing knowledge, it also was aimed at improving my "real world" skills.

I am not perfect by any means. Far from it, actually.

However, I know that my efforts to improve my financial education has paid off big time because it has put me into the top 0.5% of Australia's wealthiest people. I am in a much better position today because of the time and money I have invested in myself over the last 35 or so years.

When I was in my teens, people would ask me what I wanted to be when I left school. My reply was "I want to be an apprentice millionaire!" Turns out, what was said in jest 40 years ago, became my reality. Of course, I actually finished my "apprenticeship" quite a few years ago now! As a result of my experiences, I truly believe that anyone can become wealthy if they have the drive and determination, and are willing to invest in themselves.

The reality is that I am just an average mug, and always have been - it's just that I have bigger expectations of myself, and turned myself into a multimillionaire.

What do you want to be when you grow up???