“In the end, there is one investment that replaces all others: invest in yourself. It has potential.”— Warren Buffett
Last year, I interviewed 52 celebrities for my research paper.Wise women and men: how they invest in themselves,Below are 10 stories told by people from different places and cultures in response to the following questions. “How do you invest in yourself?” I have found that few queries are clearer when it comes to the concept of Know Your Customer (KYC).
![subscribe button](https://i0.wp.com/blogs.cfainstitute.org/investor/files/2019/01/Subscribe-Button-1.png?resize=640%2C270)
Donovan BaileyCEO, Bailey Inc., 5-time Olympic and World Champion Sprinter, Toronto
“How do you invest in yourself? Well, for context, my athletic history… is well documented. For the first time in history, I’m a world champion, an Olympic champion, and a world record holder in the 100m.” I am a two-time Olympic gold medalist, three-time world champion, two-time world record holder, and the only person to be inducted into the Canadian Sports Hall of Fame twice. My number one priority is investing in my body.
“When I started out as a professional athlete, I invested over 60% of my income in my body. I had to buy the best food (I had to eat 6 meals a day! ), the best physio, etc., achieve my goal of becoming the greatest athlete on the planet.I retired from competition at the age of 54, but I exercise regularly and make sure I eat and sleep well. As you get older, it’s important to find a structure that works for you.”
Anna Jonsson, Head of Institutional Clients and Distribution, Storebrand, Stockholm
“There are many ways to invest in yourself, but the key is that you need to find the time to pursue what works for you. Make sure it happens. Finding the right balance for yourself.” I have a lot of socializing through work events, and since I prioritize my daily exercise, I decided to spend less time with my friends.I told my five-year-old daughter that I prefer running You say you’re a good mom, you can’t have everything, but you can have a lot.”
Christophe BrystielSales Director, Château La Nerthe, Châteauneuf-du-Pape, France
“After graduating from graduate school in business, I worked for many years at Citibank, mainly in New York, Frankfurt and London. “teeth [made] I planned to leave the banking/trading world in late 2004 to pursue a degree as a certified sommelier at the University du Vin in Suze-la-Rousse, about 30 kilometers north of Châteauneuf-du-Pape. Châteauneuf-du-Pape is France’s oldest appellation and was established as an independent AOC. [appellation d’origine contrôlée] Château La Nerte is proud to have been certified organic since 1998. Delighted to follow in his father’s footsteps as a sales manager. “
Anita KunzArtist and Illustrator, Toronto
“My career has been my most important investment in myself. I currently live in Canada, but have lived in London and New York for over 20 years, writing for magazines and writing for design companies and books around the world. I worked at a publishing company and an advertising agency.I worked on many magazine covers such as rolling stone, New Yorker, sports illustrated, time, Newsweek, Atlantic Monthlyand New York Times MagazineMore than 50 book cover illustrations.
“I like to invest in others. I want to give back. The Ontario College of Art believes being an artist is one thing, but running a small business is quite another.” I neglected to tell my students, I teach once a month in different cities around the world and there is so much useful information out there that I don’t want my students to make the same mistakes I did. It took me years to learn how and how to ask for more money.”
Harjot Singh, Global Chief Strategy Officer, McCann, London
“How do you invest in yourself? In three broad categories. First, I like and respect physical comfort. A home that is comfortable, sensory comfortable, and visually pleasing. I I am patiently waiting until I can invest in what I know and believe to be the most comfortable and beautiful. I respect both the physical form of what goes into my body and the best emotional diet I can consume.I seek abundance through art, music, spiritual learning, literature and theater. Third, I am very selective about the people around me and invested in my relationships.I enjoy giving and sharing — to witness and enable good. To [for] good people. “
Laura Maia de CastroJournalist, São Paulo
“The best way I invest in myself is by meeting people and making connections. As a journalist, I spend a lot of time listening and hearing different perspectives. I always have to come up with story ideas, so whether I’m waiting for an Uber on the street or sitting in a doctor’s office waiting room, listening to people is a different part of my existence. Add a layer: I have a lot of stories stored in my repertoire, I’m a compulsive interviewer and the other day I asked a colleague of mine, a statistician at a bank, to tell me exactly what she was doing. I also asked the interns that they are interested in their work and their stories, which is good both professionally and personally. It doesn’t cost you anything, except for the fact that you’re in. I could work on emails when I’m sitting in the doctor’s office, but I prefer talking to people instead. It takes a lot of presence to connect with people.”
Li Ping Chu, Co-Founder, Apex Language Consulting and Training, Taipei, Taiwan
“I think it’s important to invest in a variety of experiences, such as going to Osaka and eating a five-course meal consisting entirely of the world’s freshest and finest wagyu beef, or eating a tea leaf salad bought from a street stall in Osaka. I really do.Myanmar.. Now look back and understand that both meals were equally delicious and meaningful.Both meals were one of the quintessential experiences of that culture However, the economic and socio-political situation allowed one cuisine to be considered “haute cuisine” and the other “haute cuisine”. street food. ‘ If you want to be a global citizen, you need to invest in yourself and understand what it means to be human on earth from as many perspectives as possible. “
Laurel Teo, CFA, Behavioral Scientist, Singapore
“I invest in myself in three different ways. 1. Education and Knowledge: If you coast for a long time at work, you will get bored. Your brain needs fresh content. I am always trying to improve myself. Looking back, I realize that he basically started a new career every ten years or so. I worked in journalism in my 20s, consulting and finance in my 30s, and academics and behavioral research in my 40s.
“2. Relationships: Studies show that women tend to live longer than men, so they are more likely to outlive their husbands. Most women I know get more comfort from social relationships than men do.
“3. Physical and Mental Health: This includes a combination of exercise and stress management. I started practicing Ashtanga yoga after getting his CFA certification. This hour from him to his two hours is just me and my yoga mat, so I love it. Any time you feel stressed and think you don’t have time to exercise, exactly when you know you need it most, is the perfect time to do it. “
minter dialProfessional Speaker, Writer, Filmmaker, Elevator, London
“When we talk about investing in ourselves, I think it’s helpful to be organized. I have a complex color-coded spreadsheet that tracks exactly what I’m spending my time on. and has three priorities:
“Priority 1: I have to meet one new person every day. has been singing and playing guitar for over 40 years and has seen the Grateful Dead over 200 times yes I am Deadhead the last time I made a special trip to see them was in 2021 It was the Hollywood Bowl in Los Angeles on October 31, 2018. Yes, I saw The Dead on Halloween.Priority 3: I meditate and stretch every morning.
“I can’t stress enough how geeky I am about investing in myself by managing my time. I think being punctual is an important value — respect yourself and others. That’s why I usually carry a book with me just in case.You never know when your battery will run out.Don’t be a victim of other people’s time management.”
Laurence (Cante) Kerjean, Product Officer, Lily Facilite la Vie, Marseille, France
“The biggest way I invest in myself these days is to take time for myself away from my husband and three kids. read at least one self-help page in the book for 20 minutes, then do the “Beachbody on Demand” workout.
“Traditionally, people hire babysitters when they go ‘out’ at night, but I always wanted them to be there the next morning. Her one of my best self-care ideas is to book a nanny to take care of the kids while you read a book. I think this is probably a great idea for small businesses. I need to make a list of nannies I can call on the spot and ask, “I’m having coffee and I want to be alone, but the kids won.” Would you like to come? “
KYC at the next level?
How do clients invest in themselves? It’s important to take the concept of KYC to the next level and learn the ‘why’ of your clients. Listen carefully for their background stories about their passions and why they invest in themselves in certain ways. Not only do they feel more valuable, but it also means getting to know them better and understanding their investor personality and how they want to capitalize on potential they haven’t yet tapped into. can.
For more information on this topic, read the full report.Wise women and men: how they invest in themselves,” Barbara Stewart, CFA.
If you like this post don’t forget to subscribe enterprising investor.
All posts are the opinion of the author. As such, they should not be construed as investment advice, and the opinions expressed do not necessarily reflect those of CFA Institute or the author’s employer.
Image credit: ©Getty Images / BlackJack3D
Professional Learning for CFA Institute Members
Members of CFA Institute are empowered to self-determine and self-report the professional study (PL) credits earned, including: enterprising investorMembers can easily record credits using credits. Online PL Tracker.