Have you ever wondered what the top investment ideas are for investing in your overall life?
In most of life, the quality of what you put into it is equal to the quality of what you get in return. If you place a lot of time and energy into a good job and a good financial plan, you can expect to get a comfortable financial future in return. If you spend money and time improving your health, you’re more likely to live a long time without serious health issues.
The top investment ideas for life involve a lot more than just stocks and savings accounts. From your health to your home to your business, keep reading to find out what the top investment ideas are for every part of your life.
Top Investment Ideas: Health
Most people know that investing in safe investment opportunities is a good idea for having a financial foundation to retire with. But investing time and money into your health is often overlooked, despite that fact that without good health, you can’t really enjoy a good retirement. Here we’ll talk about some of the top investment ideas for your health.
Join a Meditation Class
Considering how popular meditation has become in recent years, it’s hard to believe that it wasn’t really taken seriously just a few short decades ago. Science has changed that, however: dozens of studies have demonstrated that meditation has a wealth of health benefits, from reducing stress to improving sleep quality.
You can learn to meditate on your own for free, but if you’re the kind of person who needs a bit of accountability, hundreds of classes and programs exist to help you meditate in a controlled, social setting. Transcendental Meditation is probably the most famous, and today the cost to participate varies depending on your income level, so it can be more affordable for people on a budget.
Have Your Teeth Straightened
If you thought getting teeth straightening treatments was for looks only, think again. Having straight teeth is critical for enjoying overall optimal health. When teeth are crooked or overlapping, even a little, it becomes easier for decay to build up in the mouth, leading to cavities and other problems. Not only that, but teeth that aren’t properly aligned can cause gum problems. Natural plaque buildup is difficult to remove through brushing when the teeth aren’t perfectly straight, so it accumulates on the gums and eventually becomes tartar. Inflammation and gum disease can result, potentially leading to such horrifying illnesses as heart disease.
Health conditions aside, having straight, healthy-looking teeth means having a more attractive smile. This can lead to an increased sense of self-confidence, which goes a long way towards maintaining mental health. It may also make you more approachable to others, possibly helping your social and business interactions improve.
Whether for looks or for health, getting your teeth straightened is never a bad idea.
Buy Walking or Running Shoes
If you don’t already work out, taking some time to walk or run every day might be a great way to get some exercise in. While it’s not as vigorous as lifting weights or calisthenics, if you currently lead a fairly sedentary lifestyle, it’s still a great start. And if you’re getting older and feel like it’s too late to really start exercising seriously, never fear: having a consistent walking practice can help you maintain bone density and muscle mass, besides strengthening your lungs and heart.
There’s another benefit to buying a good pair of shoes for everyday use: healthier feet. If the shoes you wear to work are uncomfortable or of a poor quality, chances are you’re causing damage to your feet with every step. You may not notice any health conditions developing now, but that shouldn’t stop you from investing in a pair of footwear that still feel good after a long day of standing or walking. Of course, you may not be able to wear athletic shoes at your job, in which case you should look for some high-quality shoes or boots that meet your job’s dress code.
Seek Hair Loss Treatments
It’s normal for a young, healthy person to lose up to 150 strands of hair per day. But if you seem to be losing much more than that, hair loss treatment might be a good way to invest in yourself. While you have to be careful to avoid scams, there are some highly effective treatments out there that can help reverse hair loss. Ask your doctor or dermatologist for recommendations if you aren’t sure where to start.
Top Investment Ideas: Home
Nearly 58% of all homeowners say they plan to spend money on home improvements this year. But which home improvements are really top investment ideas? Should you remodel the basement, or replace the vinyl siding? Keep reading to find out what improvements to focus on for the best return on investment.
Catch Up on Routine Maintenance
If you’re like many homeowners, you probably find it easy to lose track of time and routine repairs that need doing around the house. Two of the most critical areas for routine maintenance are the roof and the HVAC system.
Once every year or so, you should hire residential roofing services to visit your house and make sure your roof is good to go for another year. A high-quality roof should only need to be replaced about once every 20 years, but it needs to be checked and maintained often in order to last that long. It’s especially a good idea to have your roof inspected in the early fall, well before the ice and snow hit.
Another routine job that should be done every spring and fall is AC or heating system repair. Even if your heater or air conditioner isn’t in need of repairs at the moment, it’s important to have a serviceman out before the summer and winter to inspect it. If you wait until severe weather hits to turn on your system, only to find that it isn’t working, you’ll have a harder time getting a repair service to book you right away.
Minor Bathroom Remodel
All else being equal, there are two rooms that define a house’s worth: the kitchen and the bathroom. And according to Fortune Builders, a minor bathroom remodel can have a return on investment of 102%!
If you intend to sell your house and can only afford to do a little renovating, rather than doing a little work in each room or conducting a major bathroom overhaul (major bathroom remodels have an ROI of only 93%), make a few strategic upgrades to the bathrooms. Focus on making them as up-to-date as possible, without spending a lot of money on invisible upgrades like plumbing. Simply replacing an old shower head with a chrome-plated rain shower can make a bathroom feel much more modern and comfortable. The light fixtures and vanity are other top investment ideas for bathrooms.
Improve Your Landscaping and Curb Appeal
According to the same article by Fortune Builders, renovating your landscaping can have a 100% return on investment, second only to minor bathroom remodels. Getting local mulching services to add some attractive wood chips to a bare-looking flower bed just might be the push your house needs to sell.
New landscaping helps a home look fresh and appealing. However, it’s a good idea to keep your landscaping design as simple as possible. Potential buyers might be initially impressed with an extravagant garden, but their feelings could quickly turn to horror as they realize how much time they’d have to spend just to keep it looking nice.
When it comes to outdoor renovations, curb appeal is the name of the game. You want your home to have a good first impression when people come to visit, whether you’re selling your home or not. Look for simple ways to improve your home’s appearance without breaking the bank. Installing new outdoor lighting is a great way to enhance your look. If your garage door is looking dingy or outdated, consider hiring garage door contractors to replace it with one that matches your home’s exterior decor.
Minor Kitchen Remodel
Falling in line with bathroom remodeling and bringing an ROI of up to 98.5%, a minor kitchen remodel is your next best bet for investing in your home. Small investments make the biggest difference here: replace old, outdated appliances with newer, better-looking ones; repaint or refinish existing cabinets to make them look their best; and replace worn-out hardware like cabinet handles and towel holders.
Whether you’re planning to sell your house or you just want it to be as comfortable and welcoming as possible for your friends and family, these are some of the best ways to invest in your home.
Top Investment Ideas: Business
If you run a small business or side hustle, you already know how important it is to invest money in order to make money. As we wrap up this article, we’ll share some of the best ways to invest in your own business. Whether you walk dogs for a living or run a takeout restaurant, at least one of these ideas should be useful to you.
Ask any veteran businessperson and they will tell you that entrepreneurship is just as much a mental game as it is a financial one. A successful business requires passion and creativity, as well as good math. Investing in your personal development is essential for keeping your passion high and your mind sharp as you look for opportunities to take advantage of.
If you have partners or employees in your business, one of the best things you can do as a business owner is to invest in them. If you pour your heart and soul into helping your team, your team will guide your business to success. Training, continued education, rewards and incentives, and personal development are all important ways to connect with and empower your team.
Digital marketing is always an intelligent investment to make, as long as you have a sound marketing strategy. For the record, this doesn’t mean pouring money into simple online ads, hoping for conversions. Good marketing involves knowing your customer inside and out, and strategically designing campaigns to reach more people like them, with as little expense as possible.
Unless you have significant education or experience in digital marketing, it would be wise to work with digital marketing agencies for your marketing plan. While you might be able to figure it out on your own, you’re more likely to stumble around and lose money than to succeed right away. The right agency can streamline your efforts and make sure your investment money doesn’t go to waste.
Form a Cash Buffer
This one may not sound much like an investment, but it’s actually one of the top investment ideas for small businesses: make sure you have a buffer of cash to handle unexpected problems. While it’s important and necessary to invest in things that actually grow and improve your business, if you don’t have any cash available, you’re just one crisis away from going under. Yes, your business insurance plan will cover most serious catastrophes, but there’s always the chance that something unforeseen could come along and knock you right off your feet. When that happens, make sure you’re sitting on enough available cash to make good decisions in the moment.
We already mentioned the importance of investing in your team, but what if you don’t have a team around you yet? If you’re currently managing a one-person operation but feeling overwhelmed with the workload, it might be time to hire someone to help you. Entrepreneurs tend to be fiercely independent and even territorial, preferring to keep to themselves rather than trust anything to outside help. But you’ve got to recognize that, to succeed, your business needs you to be doing what you’re best at, not managing paperwork all day. If you’re running an art business from your garage, your business depends on you making art, not balancing your budget. Get someone else to handle the technical aspects of running a business so you can focus on what matters.
If you don’t feel ready to hire a dedicated, full-time employee, maybe you could outsource some of your workload to an agency or freelancer. Getting someone to provide tech support for small business can free your mind to think about the creative act of ing your business, without being bogged down in cables and programs.
Get a Coach
Having someone to mentor you is important in any line of business, but mentors can be hard to find. If you generally suffer from a lack of direction or purpose, you might want to hire a life coach or business consultant to help you. Depending on your needs and goals, the right coach can help you clarify what it is you want, and then effectively brainstorm exactly how to get there. This may not sound like much on the surface, but clarity is incredibly important in business. Having someone to help you gain clarity is well worth it.
And with that, you now know the top investment ideas for every major part of life. By continuing to make smart investments into your health, home, and business, you can safely expect to enjoy a happy, abundant life from now on.