By Aaron Clarey
A problem many of my clients face is that they would like to invest, but today's financial markets are overvalued. They don't want to earn "3%" on a bond. They don't want a 1.8% dividend yield on stocks. And property prices are now high enough that very few properties actually cash flow.
So what's a man to do?
Well this is why I have had people focus inward on their personal lives and finances. Paying off your credit card is the exact same thing as investing, but pays you 14% and with no risk. Investing $1,000 worth of home repairs today will save you $3,000 in emergency crisis repairs tomorrow. Going back to school or perhaps getting an online certification may cost you $2,000 in tuition and fees, but it will increase your lifetime earnings by $250,000. Even doing the $300's worth of scheduled maintenance on your car can save you thousands in future towing costs and emergency repairs.
It may not be sexy or glamorous like investing in the stock market or crypto-currencies, but it's the ho-hum, boring doldrums of personal financial management that provide rates of return EASILY above 100%, 200%, even 500%. And over the course of your life, those savings add up.
But if there's one investment that provides the highest rate of return (aside from the book Worthless), it is a tool set.
Which tool set?
Well, for starters I'd recommend this one:
But any tool set that has enough socket wrenches, regular wrenches, and screw drivers that you can do some basic maintenance on your car or home will suffice.
The point is regardless of which tool set you get (unless it's a really crappy one) is that if you can manage just one minor car repair, three oil changes, a computer repair, or just one house repair, you've already earned the money back you spent on the tool set, which is a 100% rate of return. And any future repairs you can do in the future will continue to add to that return, which is once again, a LOT more than the .00004% you're earning on your savings account. Even more than what the stock market returns on an annual basis.
The only problem this investment has is that it's for men only. I wish women could invest in this investment, but despite great strides in trying to achieve equality for women, they're banned from doing their own auto repair, home repair, and computer repair. I wish it was different, but the oppressive, sexist patriarchy prevents women from getting underneath a car, buying oil, roofing, sheet rocking, mudding, taping, or rotating tires.
But don't worry. I think in the future, the day will come women will achieve TRUE equality to men. In the meantime if you'd be kind enough to make all your online purchases through my Amazon affiliate program, I sure would appreciate it.
Editor's note: This article was originally published at Captain Capitalism and has been rerun with permission.