How would I spend $5000 on self-develpoment? To some people $5,000 is a whole lot while to some others it seems like small amount of money. While $5,000 might just be sufficient to get your home an 82-inch Samsung Q-LED flat screen television or just enough to get you ‘The Fluerburger 5000’ in Las Vegas (excluding travel expenses), it could also be used to start a business e.g. a small franchise, and still get you the tools you would be running the business with like a computer, a phone and also cover for training and marketing expense with remnant. Truth be told, whether or not 50 franklin bills seems small to you, it can be used to create an impact in your life that will change it forever if invested in the right way and in the right thing. You can invest in yourself by taking deliberate efforts toward self-improvement and self-development.


Self-development, otherwise known as personal development involves making conscious efforts towards improving one’s life through acquisition of new skills and enhancement of old ones, learning of new good habits and overcoming bad ones, and also through building and strengthening of the mind. It starts with discovering one’s self and having insight to one’s personality, beliefs, tendencies etc. and then making conscious efforts toward developing these aspects of one’s life. Self-development has a life-long effect, in that when you develop your life it brings about an improvement that lasts for a life time. Spending $5000 on gaining such assets that would last you a lifetime is a very wise decision everyone should make. This is because on the long run, what you have learned would fetch you lot more.

If I had $5,000 on self-development, how do I spend it?

You may be asking yourself the question above. $5000 or way less can be used to develop one’s self and there are various ways through which that amount of money can be spent to profit you. Below are few ways you can spend your $5,000 and improve your self-awareness, self-knowledge, skills, self-esteem, talents, career path, and employability and ultimately develop on yourself.

1. Take paid courses on self-development

There are many paid courses online and offline on self-development. These courses help us improve in every aspect of our personal life and even in our career. $2,000 or even less can afford you courses in one of the Certified and popular institutes offering admission into courses on self-development like The School of Life, FutureLearn, stepUp, etc. and courses from various universities on Coursera and Udemy. You can also take courses on people management too as managing people is also an aspect of self-development.

2. Get a life coach 

While employing the services of some life coaches may be very expensive you may still find a life coach that would collect an average of $2,000-$3000 per year. Life coaches are particularly important in your personal development. They help you follow through your developmental goals and help you to stay right on track. They also help you to gain clarity of purpose and also get you fuelled up for the next stage of life.

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3. Invest in books

Books are not expensive. $500 would get you a whole lot of books that you may not be able to finish reading by the end of a whole year. You could invest in books relating to your career, interests and also other aspects of your life like spirituality, relationship, health etc. Very importantly, you should also invest in books on self-improvement and self-development. Many of these books inspire, motivate, and encourage us. They also help us develop inter-personal skills and also have a different but better interpretation of life

4. Advance your education

With $5,000/annum or less you could take on a higher degree of learning. This is not as expensive as what you stand to lose staying ignorant. A wise man once said: ‘If you think education is expensive, try ignorance’. You may genuinely not have the time to go back to school for advanced degree but attending online classes and obtaining relevant certifications definitely won’t hurt. It is way better than being stagnant. 

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5. Take advantage of available trainings

Webinars, seminars, paid workshops and trainings relating to your area of interests should be taken advantage of. Most of them cost less than they actually worth. 

6. Learn a new language

Learning a new language boosts your brain power and sharpens you mind. When you have a developed mind, developing yourself in general becomes easier. With $3,000 you could take on a 200 hours language class after which you’d become almost fluent in the language.

7. Invest in your physical well-being

Keeping up with your present life and simultaneously working on your future is very stressful. We sure have to work on our personal development but it should not be at the expense of our well-being. We should try as much as possible to do the following:

  • Get adequate sleep
  • Exercise regularly
  • Meditate
  • Go for regular health check-ups
  • Visit the spa once in a while
  • Eat wholesome foods
  • Eat regularly
  • Take breaks from work
  • Try intermittent fasting
  • Drink water regularly, etc.


Yes, you can! You can invest far less than $5000 dollars on self-development or other resources such as you r time. Below are ways through which you can develop yourself with less than $5000 or even without money:

  1. Make conscious steps to increasing your self-esteem
  2. Learn how to focus
  3. Try to be more disciplined
  4. Learn time management
  5. Check out for relevant free courses on line and take them


Lastly, whether or not you have $5000, one way you can invest in your self-development is to move around with people that have the growth mindset. The people you move around with would go a long way in determining whether or not you will develop.

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