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Checklist to Find Out If You are Mentally Prepared to Invest in Yourself?

13-Apr-2016 14:51:04 / by Nabeela D'Sa

Nabeela D'Sa

Mental preparation is key to handling anything. If you are not mentally prepared, then you are less likely to navigate perils and difficulties effectively.

Mental preparedness gives you control, stability, knowledge, insight, and a world of other advantages. You are less likely to fall victim to holes in your plan or roadblocks. If you plan to invest in yourself, then have a checklist to find out if you are ready for it. Go through the checklist, work on yourself, and work on giving yourself the boost you need. It is within your power and ability to do this, and it can help you to do what you want to do.

A good checklist to find out if you are mentally prepared for investing in yourself is:

  • Do you know what you want to do?: You cannot invest in yourself if you do not know why you want to invest. Know what you want. Know what you like.
  • Do you know enough about the field?: When you know what you want to do, make sure you learn about the field. Learn the competition, the target market, the standards, the rules, and anything else related to what you want to do. Just doing what you like will not produce results in most cases.
  • Do you know the risks associated with this investment?: Understand all risks of the investment. When you invest in yourself, it is not immediate success just because you want it to be that way. A major part of mental preparation is knowledge of the risks and the ability to work them into your planning.
  • Can you handle the financial risks?: You never want to invest everything you have into a plan. Always be ready for a loss. It does not matter if you feel that your plan is foolproof. Things can go wrong and you can lose money. Make sure that this risk will not bankrupt you.
  • Do you have a plan set up?: Mental preparation is more than knowing the immediate problems. You have to have a basic plan, at the very least, ready to go. This plan has to cover what you want to do, your direction, and all points related to your investment.
  • How long is your plan?: Know your 5- and 10-year plans. Have a basic roadmap of what you want to do, the direction you expect to go, and the things you plan to face. Have a detailed plan that covers several years.
  • Can you maintain the investment?: When you have everything set up, how likely are you to maintain it? Even if you get things going in the right direction, you have to have the ability to maintain it if you want to continue to profit. When you invest in yourself, it is a long-term goal in order to get your investment back. Be ready for maintenance.
How about starting with some time management apps - have a look at our most recommended apps for time management.

Topics: General

Nabeela D'Sa

Written by Nabeela D'Sa

 

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