How to Invest in Yourself and Your Community

Dave Ramsey says that a major financial emergency will occur for most people every ten years. This is not surprising with Death, Divorce, Disease and Disaster being so prevalent. Now, when a financial emergency hits, the one thing that can't be taken from you is the investment you have made both in your community and in yourself.

Einstein stated, "Strive not to be a success, but rather to be of value." Having this mindset, you will naturally invest your biggest resources, time and money, in your community.

Wealthy people invest the first ten percent of their income into their community. When a financial emergency hits, they already have a strong network and the social capitol to rally out from their emergency.

It is common for a wealthy person to believe that if you took all their money, they would be precisely back where they were financially in five years. This is because they believe in the power of professional development and education.

In your career, the first ten percent of your time should go towards professional development.  This will enhance your ability to provide value.  Likewise, in life, the first ten percent of your money should go towards your community.  This will enhance your desire to want to provide value.  The powerful combination of these two principles will likely double your income.

This post was reposted from http://finlit.biz/business/how-to-invest-in-yourself-and-your-community/, originally written on November 25th, 2013.