The Real ROI of Personal Development

0:00If you've been feeling stuck in your business and wondering if you're the reason it's not growing faster, I have something for you. I'm hosting a free, no-pitch, live class called Three Money Beliefs That Made Me Millions. And I'm sharing the exact mindset shifts that helped me go from million-dollar years to million-dollar months. This isn't fluff. It is a surprising strategy that changed everything for me, and I want to share it with you. Like I said, no pitch, no fluff, just you and me talking about how we shift our beliefs around money to make you millions. Save your seat now at jasminestar.com forward slash millions.

0:32I can't wait to see you there. This is a conversation Jasmine had about one of the most misunderstood topics in entrepreneurship, investing in personal development. In this episode, Jasmine unpacks how she evaluates major financial decisions like a$50 ,000 coaching program and shares how even investments that don't yield a measurable monetary return can still be worth it. If you've ever questioned whether you're ready to spend on education or worried about whether an offer is worth it, this one's for you. Jasmine breaks down her personal strategy and philosophy in a way that will challenge your perspective and help you reframe your next investment decision.

1:09Let's jump in. On Instagram, a couple of days ago, I wrote the following. So I didn't ask me anything. And this is where people will come on and they get to ask questions anonymously. And then I get to share my response. So I got a question and it said, what's the number one thing you did to get to your next level? I've been stuck at a level for a while. My response, I invest in education, period. I pay a price that scares me. I seek discomfort. I want to be the dumbest in the room. I want to be the poorest in the room. I want to be the most inexperienced in the room. If all of this is true, I am in the right room.

1:45I believe this with every fiber of my being. I want to look at an investment and be like, oh, four months, okay. Four weeks, for four days. Am I going to get the result that I want from it? And so then I wrote that Instagram story and that was on a Monday and on Tuesday the episode The five mindset shifts that grew my business that dropped on a Tuesday So I did the ama on monday the following day. I dropped this podcast. Oh, that's like a weird coincidence Or is it because I got a text message from a friend who had listened to the podcast? And I thought it was really interesting because she came in and she was talking about how and i'm going to read this Jasmine, I'm listening to your podcast.

2:32I know I need to get into these rooms of which you speak. My challenge is finding a room that makes sense for me. My antenna are up thanks to you. I could have left it alone, but you know me. I'm up in everybody's business. Here's my response. I feel like we know each other well enough for me to say the following. Find a room, any room. Make it a personal goal to invest in a room before the end of June. Will it be the best room? Will it be the right room? Most likely not. but it's a muscle you build. Get it, build it, ASAP. And she said, you're so right. The end of June, I did join X organization and it's really big.

3:10I'm hoping this Goldilocks finds it just right on this try. And then I sent her a voice memo. I'm gonna tell you what I told her. If you made the commitment to make an investment and you feel like it's not what you expected or you're not getting what you need, that's on you. You can go out and do something amazing right now. So you're in a big group. You could look at it and say, womp, womp, it's a big group. I'm not getting from what I want. Or you can say, hey, I'm going to go into this group. I'm going to go in through the glossary, the index of who is in this group. I'm going to see other people who are doing similar things in a similar industry at a same size business.

3:44Then what I'm going to do is I'm going to make the invite and say, would you like to meet as a little side huddle? It is very common for me to go into groups and create a small pod of people who are running at a similar rate because we get to cross reverence ideas. We get to cross-reference industry insights. We get to ask what people are doing or what's working. So what happens is I encouraged her that even if you're not in the right room, make it the right room. How do you make it the right room? Well, you find alliances and ways to maximize the investment that you have already made. I have seen people, too many people, and I'm not saying, now this is a new note that says nothing to do with the text message that I responded to, but what I see a lot of are people will say, okay, I'm gonna do this coaching program.

4:21I'm gonna do this course. I'm gonna join this mastermind. And when they realize it's not what it was that they expected. And 90 % of the time, it will not be what you expect. They're like, oh, I just made the wrong decision. I just don't know if it's worth my time. Baby, what do you need to do to make it worth your time? I have worked too dang hard for every single penny for me not to say, oh, it's happening to me. I'm going to say it's happening for me. How do I make this a win? How do I make this the right room? I want to encourage you wherever you are at, whatever you can spend, even if you're like, I can't believe they're spending that much.

4:49I can't believe they're not spending anything at all. Wherever you are at, make a decision for your business. And I say make a decision for your business, but I have to know that what was stopping me early on in my career of heavily investing was this idea that I somehow needed permission. Like I needed to make a certain amount of money in my business before I invested in myself or education. Because in the beginning, that hustle was real, right? Like I need to get gear. I need to get the things that I need for my business to make it successful. But what I realized was I was spending a lot of money trying to get things that would make me look or feel qualified when the thing that I actually really needed was business acumen.

5:27I didn't need more lenses. I didn't need more cameras. I wanted them. It would make me feel better. But what about actually running a business? I didn't want a really expensive hobby. I wanted to know, how do I make more doing less? And so I decided I'm going to pay for that, but I needed permission. I said, well, once I make this amount of money, then it'll be worth it. And I thought to myself, what a squandered amount of time. Even if I had made$10 ,000 a year, could I have not have spent $500 on a course, on a membership to give me the information that I needed? So your biggest takeaway here is do not wait for permission for somebody to give you something that only you can give yourself.

6:03Number two, I want to remind you that self-development and education, it shouldn't be that you are worth it or that you're not worth it. I want you to look at this decision and say, strategically, this will put my business at a better position. I don't need you to say, strategically, I'm going to be in a better position, although you will be. If what it takes for you to invest in yourself is strategically, this will put my business in a better place, then it's time for you to make that decision. And lastly, as the daughter of an immigrant, as somebody who had to work desperately hard to put food on the table for his family, my dad has always placed a high value on education, specifically because he came to this country and he didn't know how to read, write, or speak English.

6:48And so there he was in his early 20s and he had to teach himself how to read. And at the time he was teaching his kids how to read. So my dad has instilled from a very early age that education is something that nobody can take from you. is that there will always be a positive ROI on something you learn. Because if they can take your business, they can take your identity, they can take any assets, they cannot take what is in your mind. So I have grown up with this deep desire to say, if I want change, I need to learn what I need to do to change. But furthermore, I need to learn who I need to become to get that change.

7:36Whether you're considering your first big investment or navigating how to stretch your budget for continued growth, Jasmine's message is clear. Don't wait for permission. The ROI of education isn't always dollars. It's who you become in the process. If this episode resonated with you, share it with a fellow entrepreneur or tag Jasmine on Instagram. And remember, the right room isn't something you find. It's something you create.