Toph Sheldon CPA for the Self-Employed ® - December 2019

DECEMBER 2019/JANUARY 2020 VOLUME 3, ISSUE 10

T O P H ’ S TAX RESOLUT ION T I M E S

513-342-4000 TOPHCPA.COM

The Best Investment You Can Make Is in Yourself

Whether it’s in your health, your finances, your marriage, your family, or even your business, you should always try to invest in yourself.

on its own, so I didn’t see a doctor about it. Well, it didn’t get better. I finally made the decision to buckle down and see a specialist. It turned out I had sleep apnea. Because I wasn’t willing to invest in improving my health, I was miserable until I saw

I see a lot of people who are in financial trouble dig themselves into a deeper hole because they aren’t willing to invest in themselves. They think that investing in themselves will be the cause of more problems, when that is rarely the case. When a person in a tough financial situation hires me, this is a great example of that person investing in themselves. It’s all about recognizing that you need to make a change for the better. When I’m working with clients who are ready to make this change, I sometimes uncover issues related to health care. For instance, clients who are going through serious financial trouble may have put off signing up for health insurance. They may have not been insured for a year or longer, which often means they aren’t going to the doctor or seeing any medical professionals when they might need to. It’s difficult to spend money on health care or health insurance when you’re trying to cut back your expenses as much as possible. But if you neglect your health, it can lead to further complications and bigger expenses later on — not to mention the risk you take on by not addressing health concerns as they happen. For me, when I started my own business, I was definitely afraid to make that investment in myself, even as I took the plunge. A lot of people are afraid to make that kind of investment because they worry about not having enough money or that the investment isn’t worth it. But when I became self-employed, it wasn’t entirely my choice, it was more related to my circumstances at the time. Honestly, I had hit rock bottom. But I realized if I was going to get out of rock bottom, I needed to invest in myself. In this case, I invested in education and worked to sharpen my skills. I also knew I didn’t want to invest in myself unless I knew that I was going to be the one who reaped the benefits, so I started my own business.

the specialist! Thankfully, after making that investment in myself, I was able to address the problem and was no longer miserable. My sleep improved and so did my overall mindset. When you invest in yourself and make a decision to improve an aspect of your life, you free your mind to focus on other things. When clients come to me and we work through their financial troubles, I help ease a lot of their stress, but it wasn’t easy for them to make the decision to hire me. Talking about hardships isn’t easy. We all know someone who is dealing with financial or tax problems but they aren’t talking about them. They don’t want to burden anyone else with their financial issues or feel embarrassed by them, which is something I completely understand. But part of investing in yourself is also motivating the people you care about to get those problems addressed and to not let those problems drag on or ruin their lives. Life is short. There are options out there. Everyone hits rock bottom in one way or another. I had my own problems that I needed to solve, and I did! I became a resource for others who are going through what I went through. As this year comes to an end and the new year begins, we all have a chance for a new beginning. You just have to make that first step.

–Toph Sheldon

I also invested in my health. There was a period of time when I was having trouble sleeping. I thought it was stress-related and that it would eventually go away

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