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Heres what financial pros recommend, how much to spend andhow to make it work on any budget.
This can include continuing education, skill-building, coaching or even therapy, he explained.
How Does This Translate Into Dollars?
There are many opportunities to further your skillsets and career for free.
What Investments Lead To Long-Term Growth?
Stroup suggested choosing investments that provide a return on skills, not just satisfaction.
Options that consistently lead to financial growth include:
How To Balance This With Saving?
If your financial plan is clear, its easier to make confident trade-offs without compromising your future.
What If Youre on a Tight Budget?
If youre already on atight budget, look for low-cost, high-impact moves, Stroup said.
Even small efforts, such as reading industry blogs or attending community events, can compound over time.
When your income grows, increase your self-investment line item just like you would a savings rate.
How To Budget For It?
Its often those personal connection that leads to better jobs, new skills and other opportunities.
Really consider your earning potential and how much time you have to devote to the opportunity.
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