If I gave you £10,000, what would you do with it?
You deserve a holiday. South of France? Hawaii? Or a new car. Perhaps you could put a deposit down for a house?
I know what I’d do. I’d invest it. Not in a company or a fund or stocks. In myself. In my education. In my development. I’d do as Lord Chesterfield did for his son, and put my money into my own improvement:
“Under the head of improvement, I mean the best books, and the best masters, cost what they will.”
Out of those two things, the best books and the best people, the best books are cheaper. You can open up Amazon and buy books that channel the learning and experience of some of the most intelligent, accomplished and interesting people ever to exist.
When it comes to books, emulate this Sarah Andersen comic:
To live doesn’t require much extravagance. A roof over your head, enough to eat, enough to see your friends, enough to look after yourself and do your job. Not much.
But allow yourself one expense. Your education.
Spend as much as you need to. I have no problem spending hundreds on books. And I’d have no qualms spending thousands to learn from the best in the world.
The reason why is simple. Your car or your house or your possessions don’t determine the value you provide to the world. They have no impact on how good and skilled a person you are.
They don’t give you an advantage.
Your education does. It’s the only consistent advantage. Your willingness to learn, adapt and evolve faster than everyone else is the only thing that no one can take away from you.
Generally, doubling down in the face of uncertainty is a bad strategy. Putting all your weight behind one option doesn’t leave much room for error. But when it comes to your education, the only effective strategy is to back it with the full extent of your resources.
If that book will help you become better, buy it. If that person can teach you something, pay the money to learn from them.
£10,000 spent on yourself is not selfish or stupid. It’s the best investment you’ll ever make.