Yourself

One of the best investments you can ever make is in yourself.

“Invest your money — and your time — into learning new skills in 2020,” said Jeff Proctor, co-founder of DollarSprout. “Our income plays a large role in our long-term financial success, which means that more often than not, the best asset to invest in is ourselves. Learn as much as you can. Spend lavishly at Barnes & Noble, get an Audible subscription, take that Udemy course, launch that Shopify store. Don’t be afraid to spend money on the things that can help you become the best professional version of you in 2020. The returns you can achieve by investing in yourself are better than almost any other investment out there. And the best part is, you aren’t at the mercy of the market. You control the outcome.”

And as Julie Berninger, founder of Millennial Boss, points out, this investment doesn’t necessarily even need to cost any money.

“I just realized my local library offers free classes and licenses to online skills-building websites for every cardholder,” she said. “So many of these community benefits go underutilized because people don’t know they exist. My plan is to learn graphic design software and coding to strengthen my resume.”

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Gabrielle Olya contributed to the reporting for this article.