Thursday, May 9, 2013

How to become an athletics director - Part 9 - Investing in yourself


There are many types of investments you can make - real estate, as well as stocks and bonds are common. But how about investing in something more sustainable and completely under your control – yourself? Not all personal profit is financial. Using some of your hard earned cash for something that yields dividends throughout your life is important, even if it requires meaningful financial sacrifices.

One of the leading excuses why people don’t go to conferences and meetings or advance their education is that their institution won’t pay for it. This approach can be revealing. You can and should invest in yourself.  If you aren't willing to, why not? And if you aren't willing to, what does this say to others about your commitment and belief in yourself? Compound interest is an amazing concept and it works not only in financial terms but in terms of investment in your skills, knowledge, and professional connections. If you aren't willing to invest financially and with your time outside of your job to advance your career, how hungry are you? Have you made any financial sacrifices recently?

Take this needed step to advance your education. Enroll in the Sports Management Institute. Register for a webinar. See a motivational speaker. Subscribe to the Sports Business Journal. Purchase a new book (preferably something outside of the sports biography genre) or borrow one from the library. Obviously it’s ideal if someone will pay for all of your costs or at least assist with your costs. But if they won’t, are you investing your own capital and building your brand, your base and your future?