I’ve been a certified public accountant for 40 years and started a registered investment advisory practice 25 years ago, now managing close to $1 billion. I deal in your basic markets, like the stock and bond markets. I also work extensively in the alternative space, including real estate, private equity and more. I share all of that to emphasize the importance of what I am about to say. When a younger person asks me, “What is the best investment?” they are usually shocked by my answer. Almost without fail, I respond, “Invest in yourself.”
If you invest in yourself by pursuing a college degree or a trade education, you will likely have a higher lifetime income, on average, for the rest of your life. That higher income can compound and ultimately help grow your own wealth faster than had you not invested in yourself.
