Invest in Yourself: The Key to Financial Wellness
- gonza242
- Mar 13
- 2 min read
Disclaimer: This is not financial advice, as everyone has their own unique circumstances, please use for educational purposes only.
Financial wellness isn’t just about cutting expenses—it’s about making smart choices that help you grow your wealth over time. Marissa Smith, a financial expert, shares her top tip for improving financial wellness: pay yourself first.
What Does It Mean to Pay Yourself First?
Many people focus on paying bills and covering expenses first, leaving little to nothing for savings and investments. Marissa Smith recommends flipping this mindset. With every paycheck, set aside money for your future before you start spending. This could mean contributing to your 401(k), investing in stocks, or saving for long-term goals.
But paying yourself isn’t just about traditional saving. It also means investing in yourself. If you have the opportunity to take a course, earn a certification, or develop a marketable skill, this could significantly boost your earning potential. A 20-40% salary increase from a new skill can have a bigger impact on your financial future than simply cutting expenses.
The Power of Investing and Compound Interest
Marissa Smith also emphasizes the importance of investing to build wealth. The key factors? Time and compound interest. When you invest early, your money grows exponentially as the interest you earn gets reinvested. As the saying goes, “The best time to start investing was 20 years ago. The second best time is today.”
Take Action Today
Set up automatic contributions to your savings and investment accounts.
Identify skills or certifications that could increase your earning power.
Start investing—even small amounts can grow significantly over time.
By prioritizing yourself and your financial future, you’re setting the foundation for long-term financial wellness. What step will you take today to invest in yourself?
At the Women's Wellness Summit on April 26th join us for financial wellness tips and more. Click on the link to buy a ticket today.