Invest In Yourself And Your Design Business - RD251

<h2>Where would you spend your extra money?</h2> <p>In the <a href= "https://resourcefuldesigner.com/community">Resourceful Designer Community</a>, we recently discussed the question, "what would you do if you had extra money to invest in yourself and your business?" There were many great ideas on how to use the extra money and, just as importantly, how not to use it. It was such a great conversation that I thought I would share my thoughts here on Resourceful Designer.</p> <p class="p1">Before I go any further, I must state that I am not a financial planner or financial advisor, nor do I play one on TV. In fact, I have absolutely no expertise when it comes to this stuff. As far as I know, experts who see this may tell you what I'm saying is completely the wrong approach. These are my thoughts on what I would do if I had extra money to invest in myself or my business. So here goes.</p> <p class="p1">Imagine you had extra money sitting around. Anywhere from a few hundred dollars to several thousand. I know, it’s a nice thought. But you never know. Maybe you had a favourable tax return. Or you inherit a sum of money. Maybe you won a cash prize in some lottery or draw. Perhaps you had an outstanding quarter and have money left over once all your monthly bills and expenses are paid off.</p> <p class="p1">Whatever the reason, you have extra money and try to figure something practical to do with it other than blowing it on a vacation or other luxury. No, you want to use that money as an investment of some sort. But what?</p> <p class="p1">This is the order of preference for how I would invest the money.</p> <h2 class="p1">Investing in your future.</h2> <p class="p1">I believe the most important thing any business owner can do is invest in their future. That future could mean next year, or it could mean retirement in many years. The idea is to use the money to help you down the road.</p> <p class="p1">As a solopreneur, your income relies on your ability to work. In most cases, if you are unable to work, you don’t make a