Invest in Hand Tools

Invest in Hand ToolsFirst of all, a disclaimer: I am not an "expert" or a financial advisor (this should probably be a point in my favor these days), just a guy who thinks about these things. You are free to do what you will with my thoughts, but I will not be responsible if your actions do not result in great riches, not that "experts" are ever held accountable for these losses.

Now, with that out of the way...

It is a great irony that as the amount of money invested in "the markets" has grown exponentially over the past 20 or so years, the productive use of those dollars seems to have fallen off a cliff. What are you really investing in when you buy a stock these days? It's not like companies are scrambling to build new factories or hire new workers for bold business initiatives. People seem to have forgotten what an investment is. An investment is not an idle bet. When an investment is made, the money ostensibly is needed to do or build something that will produce a profitable return. The only investments that make sense are those that result in actions that will produce returns. It's not a slot machine.You don't throw your money in and hope it grows. Things have to happen in the real world.
Therefore, if you have even a little money, I would suggest spending it on real things as an investment. I do not advocate squandering your money on gaming consoles or designer handbags unless these things relate to your business somehow. What I am talking about is getting tools that can help you add value to the world.
"Tools" could be many things, by the way, not just hammers and screwdrivers. A new computer could be a tool. A guitar could be a tool. A set of knitting needles and some yarn are tools and materials. These are things that help you to add value to the world, and these are the things you should be "investing" in right now because none of them are likely to get much cheaper as the dollar loses its clout.
As for traditional tools, everyone should have a set of hand tools at the very least. These allow you to make the repairs you will need to make without paying someone. If you get good with them, you can even make repairs for others and possibly get paid for it. There is nothing worse than not having the right tool when you need it.
 At the time of this writing, you can get a complete set of hand tools for well under $100. Here is more information on complete hand tool kits. Tools make great gifts, too, by the way.

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