I don’t always like the way we use the word “invest,” or “investment.” Too often, it is associated with the concept of risk. Conversely, it gets lumped in with reward. Rarely do we look at investing as something that is worth doing with no regard to outcome.
Years ago — many, actually — I spent five dollars on a pencil. It was bundled in with the rest of my books and supplies as I got ready for my first semester of college. (With tax, it was $5.39, which in today’s dollars is an even $11.50.)
As you can imagine, I was met with ridicule from some friends and family members, who wondered if such a purchase was evidence that my scholarships should be revoked. “You’ll lose that thing in a week,” they chided.
I don’t think it was a bad purchase at all, because it wasn’t about the pencil. It was about mindset.