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Investment vs. Expense

December 1, 2015 by Shannon Sullivan Leave a Comment

source: nytimes.com

 

I was filled with gratitude when my client sent this article my way and said “This is how I see my work with you.” Carl Richards wrote this article for New York Times, titled When an Expense Becomes A Wise Investment Choice.

While most people agree that an investment in yourself is a worthy investment, many others would find it difficult to articulate the return on that investment.  In my former life as a Certified Public Accountant, I was very familiar with calculating the ROI (return on investment) for clients, but was slow to put that same logic into my own self-development. An investment in human capital may be exactly what you’re looking for in your own personal portfolio!

My favorite quote from author Richards, the Utah based financial planner is this,

I think about this way of investing every time I work with a personal coach. Yes, there’s a financial cost. I’m betting a lot of people would define the cost of such a coach as an expense, and the Internal Revenue Service certainly sees it that way when it comes time to itemize tax deductions. But I see it as an investment in myself.

So thank you, client, for sending me this article.  And more importantly, thank you for trusting your decision to invest in yourself.  I am filled with gratitude to be the one who can help increase that personal ROI 🙂

I’ve included the full article below. (source: NY Times)

Have you been able to see tangible results from your own investments in yourself?  Maybe a career change?  Hiring a coach? Even a mindset shift?  Share your story with us in the comments below 🙂

Encouraging you to invest in yourself and Live your WHOLE life!

 

Much love,

Shannon

 

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