The best Investment in 2024.

The best investment in 2024. It’s investing in yourself. I almost guaranteed you 2024 is going to be a turbulent year. The only thing that is going to make you come out on top is to become more so you can do more and have more. I’m listing a few ways I am investing in myself in 2024. Use this list to jump start your mind to ways you can invest in yourself in 2024.

Investing in my physical health in 2024.

Because without your health, you haven’t got anything. In 2023, I developed some bad habits in the areas of food, alcohol and lack of regular exercise. I gained 20 pounds in 2023. My plan now is to cut back on the alcohol, eat more natural (unprocessed) whole foods and to exercise 5 days a week.

• Just cutting back on the alcohol alone could be a big impact on my health. Studies now show that no amount of alcohol is really healthy for us. The body has to process out the alcohol from the body using the liver. This affects our sleep cycles and gets in the way of other healthy body functions. Not to mention the calories and carbs in beer and wine that turn to body fat quick.
• I grow greens in my garden like kale and mustard greens. Greens are a super-food. I like to eat them in salads or freeze them and blend them in a protein shake with frozen blueberries and milk kefir. As a person in his mid 40s, one of my biggest concerns is gut health. Leaky gut is one of the worst health issues I want to avoid.
• For Exercise I am simpling planning to walk every day for one hour and do pushups every two days and crunches every two days. I may join a gym, but for now I have several walking spots. I used to run up to 4 miles a day years ago but I find walking is better for burning fat easily. I’ll post a video here about the benefits of walking versus running.
• Lifting weights and building more muscle mass.

Investing in my financial health in 2024.

With higher interest rates, 2024 is not the time to be ignorant or haphazard when using credit. Managing credit is essential for financial independence. A wealthy man said he pays for everything with credit cards all month, but then at the end of the month, he writes one check and pays off his entire balance every month.

Money isn’t everything, but it’s right up there with oxygen.

Zig Ziglar

If you have terrible credit, it’s not too late to fix it. You simply must start making good decisions to pay off your credit cards and be disciplined with your spending. Remember, credit is not income.

A good practice with using credit cards is to only use them to pay your bills and to pay off your balances entirely every month.

• Manage Credit/improve credit score.
• Be financially literate.

This means read books, listen to podcast, and attend seminars that educate you about personal finances. Don’t believe everything you read or watch on YouTube, but get different points of view so you can make your own educated choices.

• Invest in quality investments but keep some dry powder. It’s very likely we will have a recession in 2024 or even a depression and a stock market crash. If there is a significant crash in the stock market, how will you fare? How much cash (AKA Dry Powder) do you have in your investment account? Ray Dalio is predicting up to a 40% correction in the stock market in 2024.

I only invest when the market crashes.

Forrest Wiley

Invest in my business.

This could be at the top of my list. I believe you will never get a better return in the stock market than you will investing in your own business. Your ability to produce and grow is directly related to you. If you have less than $100,000 in cash for investing, you should invest in your ability to earn more money.

Don’t worry about investing until you have at least 100,000 to invest.

Grant Cardone

Instead, invest in your ability to earn more money. You could invest that in a career. A professional career is nothing to be ashamed of. My brother is a general contractor. He makes good money. That could be an end in its self. Your best ability could be for your profession. Be the best you can be. As inflation rises, the need for skilled workers like mechanics and oil workers and electricians will go up with inflation.

For me, writing and publishing is my business. Some areas I am investing in during 2024 are:

• Writing and Publishing Seminars.
• Advertising and Marketing my books.
• Translations of my books in other languages.
• Turning my books into audio books.
• Find a mentor.(These are areas of investment in my particular business, but what are some ways you could invest in your business in 2024 that could bring you greater success in 2024?”)

Invest in my relationships.

This could be at the top of my list, because what brings me more happiness or pain than the quality of relationships I have? I learned years ago that if I wanted to be surrounded by good friends; I had to make time for them and plan.

Real Friends.

About 15 years ago, I remember having a disappointing birthday. I was not surrounded by friends, close family, or the love of my life. After that experience, I never had a bad birthday again because now I plan my birthday. I’m not leaving it up to chance.

Now I have some of the best friendships I’ve ever had in my life because I invested in them when I found them. If you are like me, you have experienced frenemies. The frenemy is the person that is supposed to be your friend but acts passive aggressive towards you like an enemy. I’ve also known a ton of casual friends and acquaintances that were not negative but are more neutral in relation to me. But real friends are much rarer.

Real friends are your people, your clan, your tribe. They’re truly happy for you when things are going great and sad for you when things go badly. Real Friends have your back. It’s easy to be around them, and it’s refreshing to be around them.

Ways I plan on investing with my real friends.

• Invest in dinners with them.
• Plan some vacation days.
• Stay in touch with text messages, email and letters.
• Remember their birthdays.

Love.

Believe me, It’s better to be alone than to be in a miserable relationship. I plan on loving myself this year, being kind to myself. And I plan on giving love and kindness to my romantic partners.

If you are lucky enough to find a meaningful love, then invest in the relationship. For couples, you have to make time with dates and getaway as much as possible. Obviously, many people are living on tight budgets, plan romance into your budget as much as you can.

• Weekend getaways.
• Summer Vacations.
• Date nights.
• Birthdays.
• Valentine’s Day.
• Buy her new lingerie 😉

Contrarily, if you do not have a love partner, you can start visualizing by making a list of the qualities you want in a LTR (Long Term Relationship) and visualize what type of person you would have to be to attract that type of person. Also, it’s perfectly okay not to have a partner. It’s better to be alone than stuck with the wrong person.

These are my #1 investment for 2024, invest in yourself. This is my plan for investing in my health, in my finances, in my business, and in my relationships. I hope these investment plans for 2024 have sparked your mind with investment ideas for yourself. Please comment or email me at Nate@nateplissken.com