How to Confidently Make your Next Investment
Feel stuck and start second-guessing yourself when it comes to investing in your business or self? This episode was made to help. We're going through six key points for your next purchase, whether that investment is a course, coaching, equipment, a house, or something in between. Below, you'll find ALL the questions I ask, so you can easily refer back to them and answer them yourself. DESIRE What do I *really* want? What specifically do I want (not need, want)? How specific can I get? NEED Do I need it, or do I think that you need it? What do I need? RISK What is your risk tolerance? How much does risk affect your decision-making? What would be the best fit for your risk tolerance? Is the investment you're looking at actually risky, or is it just scary? How do you know if it is a risk, fear, or unsafe? How does this show up in your body? COST What is the literal cost ($ that you spend)? What is the cost of NOT investing What are the benefits of buying ($ and other)? EXIT STRATEGY What is the Exit Strategy? Do you need one? How might the value of your equipment (for example) change in value over time? LIQUIDITY How quickly could you make money from this thing? How quickly could you sell this thing if you needed to? Do you need cash now? If so, does this fill that need?