In the comments, please share the best investment you ever made.
Even though common investment terms such as stocks, IRA’s, and 401K’s might come to your mind, I encourage you to think outside the box. Think of something you have bought (invested in) that has paid itself back many times over.
I will go first….
I spent $2 one a tea diffuser a few years ago. Sort of like the one pictured here.
With the tea diffuser, I can now purchase loose leaf tea. For the non-tea drinkers out there, per oz., loose leaf tea is about a 25% of the price as bagged tea. Since I drink about 2 cups of tea per day, I would estimate that this $2 purchase saves me $250 a year.
Another example of a great investment is the $19 I spent on the book, The Boglehead’s Guide to Investing. The immediate return from reading this book was about a $500 savings. The long-term return from following the investment advice, is somewhere around $1,000,000. Not a bad return, for just $19 spent.
What’s is the best investment you ever made? Please share in the comments.
Photo by: Borman818