Jan '24 • General discussion
How much should you spend on improving yourself each year?
I have always been an avid reader (read over 100+ self help/business / leadership/technology books)
But recently, I am interested in seeing how much money I should spend to improve myself.
Where should I look?
The biggest and most successful companies, of course.
In the world of technology, companies spend a certain amount on improving themselves each year - it is called R&D (Research and development)
So how much should I spend each year on improving myself?
Apple spends 7.8% of its revenue on R&D each year.
Microsoft spends 7.5% of its revenue on R&D each year.
So this means if I am earning $100,000 per year - I should spend around $8,000 per year on improving myself
This includes developing new capabilities, creating tools, buying tools, and buying knowledge/books/educational programs.
Tech companies never stop investing in themselves. That's why they are always growing.
How much do you spend on improving yourself each year?
Cheers,
Eric
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Eric Seto
Chartered Professional Accountant (CPA)
Chartered Investment Manager (CIM)
Founder of 5MinInvesting.com
Free webinar - how to get 30%: https://5mininvesting.com/free-case-study/
In February, my goal is to help 20 people without a financial background to master investing.
Investing Accelerator is designed for people without a financial background.
The goal is to achieve 30% return per year.
In the first phase, you will learn long term investing and targeting 30% for tax free compound growth. This will help accelerate your overall wealth.
In the second phase, you will learn monthly passive income to provide a more predictable cash flow (target 30% per year) which can cover your expenses. This will help accelerate your retirement goals.
If you are interested, then let's hop on a call to see if you can benefit from the strategies in Investing Accelerator and get 30% per year.
During the call, we will map out exactly how you can achieve 30%, what you are lacking, how you can improve.
If you have any questions about the program, you can ask during the call as well.
PS: People who are a good fit for the program will get a special discount: https://bit.ly/48mJlgR
Remember to go to the Classroom tab for additional investing resources.
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How much should you spend on improving yourself each year?
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