Imagine for a moment that you are a parent. If you’re already a parent, imagine you have this conversation with your child.
Child: Hi Mom/Dad!
You: What’s up?
Child: Could I have $100?
You: That depends. What for?
Child: An art class
You: I didn’t know you were interested in art.
Child: Yea, I think it’ll be a lot of fun. Plus, I love drawing. You know I spend more time drawing in class than taking notes. I could even try to sell what I create and save up for a car, because you won’t buy me one.
You: Har, Har. Very funny. Well, you could take that class, or you could spend more time watching TV, hanging out with friends, or getting a “real” job. That’s what you’re supposed to do. Heck, you might as well not learn how to draw. You’ll never make money from doing that. Others have tried to do that and failed miserably.
Child: But you don’t know that.
You: Trust me, I know. I’ve been around longer than you. That kind of stuff doesn’t make anyone money. I don’t want to waste money on something that won’t be worth it. If you want to go to the class, you can figure out how to raise the money yourself.
Sounds like a silly story, right? Well, after interacting with hundreds of professionals (especially pharmacists), I discovered the majority of people convince themselves that their dreams aren’t worth investing in.
They tell themselves things like,
If you wouldn’t say “screw your dreams” to your child, then why do you tell yourself that your dreams aren’t worth investing in?
If your dream is
wWhy wouldn’t you invest money for the potential return?
Is your dream so cheap to you that you’d rather buy a new TV than create a better future for yourself?
Imagine if JK Rowling spent her cash on a better home, rather than invest in an editor before Harry Potter was published.
Imagine if Warren Buffet spent his first dollars on a new comic rather than a new book on investing.
Imagine if Steve Jobs bought a new car rather than his first computer parts that later built his first computer.
Each had a dream that was worth spending thousands of dollars, and their investments paid off over time.
Would you deny investing in your child’s dream? If not, then why wouldn’t you invest in yourself?