Invest Your Tax Refund into You

May 3, 2022

It’s all about Money, Money, Money! Well, maybe it’s not ALL about money, but it can definitely lead you places. That’s why tax refunds are always super appealing—you can use it to get new clothes (or fund a spontaneous trip to Greece to sing Abba songs).

It’d be great to just spend all that extra cash right? Actually you shouldn’t. Dun dunnn dunnnnnn.

Hey, I’m not trying to be the bad guy here so hear me out—that extra money is what you earned through working hard—why lose it? This isn’t just some cash that appeared out of nowhere, so let’s do something with it! 

Here are my 3 personal development tips to optimize your success:

  • Fund your dreams. Have you got any hopes for the future that you couldn’t financially afford? It can be anything from opening your own business to going to college. 

Getting your tax refund may be exactly what you need to bring those far-away dreams to life! This is the first of my personal development tips to help you blur the line between dream and reality.

Your happiness is extremely beneficial to your overall well being. That’s why choosing to invest in YOUR dreams and aspirations is a good choice. By taking that money and putting it toward a long-term goal, your happiness levels will be extended over time and you’ll be in your own success loop!

If you invest in your ideal future, you won’t need to continually rely on a tax refund. Instead, you’ll already have the earnings to live the lifestyle you deserve. 

  • Find Your Home. You know that saying: “home is where the heart is?” Well, it’s true. Being able to live comfortably in a place you love and have room to grow in is SO important. That’s why this is my second personal development tip! By putting funds toward a house, you’ll be acquiring something that may be valuable to you when you’re older. 

Of course you can even up the value of your house with home renovations. This is something that can spruce up the place while also increasing the potential value of the home for the future. Even small renovations can make your home worth more (and nicer for you to live in)!

This is especially instrumental to your success if you invest in renovations that you enjoy. It should make you happy in the present moment, but also work to make your home look good for future buyers. 

  • Invest, invest, invest. The last of my personal development tips is to put your money towards passive income. This means things like real estate and the stock market. Unless you get pretty deep into this there’s no need for advisors, but if you choose to dip your feet further into the stock market, I’m here to help! 

I get it, the stock market can be confusing as a newcomer. There’s a lot of different stocks to invest in, and that means a lot of places to put your hard-earned money. If you aren’t exactly sure where to start, it’s not a bad choice to go with ETFs and index funds. They even typically outmatch some of the top stock pickers! 

Investing in your future doesn’t have to be daunting. It’s easy to gamify your life! Start by downloading an app like Robinhood to your tech. All you have to do after that is get it connected to your bank account and you’ll be ready to invest! Boom, you’re suddenly a stock market pro!

So, while that sudden trip to Greece may seem super appealing right now, by saving that tax refund for future success you’ll be building a growth-owner mindset. 

These personal development tips will help you build up positive momentum over time, rather than losing speed all at once. Use this financial opportunity to fund your future happiness and live your dreams! 

And make sure you’re always thinking of ways to employ these personal development tips in your life. Don’t worry though, you can still go around singing Abba songs if you want. 

Keep The Momentum Going:

Want to know where you stand in the five values of life tied to happiness (Your 5 Cores), take this two minute Core Values Quiz to get your core score in the five values of life.

Will Moore is a gamification, habits and happiness expert.

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