Invest refund in you ? St. Albert Leader

You?re doing the happy dance because you?re getting a tax refund. Well, dance some more because motivational speaker Steve Siebold says you should spend it, not save it.

Siebold says you should follow the example set by rich people and get a return on your return. Invest in yourself.

If you?ve got a tax refund coming your way, motivational speaker Steve Siebold recommends investing it in yourself in any number of ways ? including taking that vacation you?ve been dreaming of. (Sun Media News Services)

Dumping the average refund into a bank account won?t make a significant impact in terms of the big picture. ?It?s like attempting to bail water from the Titanic ? saving or investing $3,000 isn?t going to even make a dent.?

Siebold suggests thinking like a rich person. The average Joe is taught to focus on saving money, while the rich learn to focus on earning money.

Following conventional wisdom about saving money will keep you broke. ?Rich people rarely follow conventional wisdom when it comes to money,? says Siebold.

He offers the following ?think rich? strategies to make the most of that return:

? Invest in yourself: ?Formal education will make you a living; self-education will make you a fortune,? says Siebold, adding that specialized skills and knowledge are the key to financial success.

?If you want to see a massive return on your tax refund, invest it in ways to better yourself such as self-improvement audio programs, business workshops and seminars or coaching and mentoring programs. School is never out for the great ones.?

? Start a business: Invest your refund in your business idea, invention or service, suggests Siebold. ?You can have an online business up and running within a few months and start-up costs are minimal.?

Think lawn-care service, maid service, handyman business, pool cleaning company, grocery shopping service, etc.?

? Get fit and healthy: Taking control by losing weight, quitting smoking and exercising more will build your confidence, increase your energy and boost your self-esteem. ?Not only will you feel better, but your confidence will carry over into everything you do, including your ability to earn more money,? says Siebold.

? Take that vacation: The enemy of creativity and clarity is cognitive overload ? or having too many things to think about, says Siebold. ?It?s like having dozens of programs open on your computer. All it does is slow your processor down.?

Rest and relaxation helps clear out the mental clutter, create space between your thoughts and frees your mind for enhanced creativity, he says.

? JOANNE RICHARD, Sun Media News Services

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Source: http://www.stalbertleader.com/2013/04/04/invest-refund-in-you/

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