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Personal Development simply means working on yourself, developing you, making yourself, a better version of you, bringing out the best in you, making what isn't so good better. It also means developing personal skills, growing as a person, expanding your reach and your capabilities. Personal development means putting time into yourself to make yourself better, to constantly grow and expand yourself and it is an absolutely essential key to success. If you have ever listened to the great speaker Jim Rohn you might have heard a phrase i.e. “the sort work on yourself harder than you do on your job and that holds absolutely true working on yourself”.
It gives you skills, makes you more capable it'll make you more valuable to the market place and able to offer a lot of values, essential to any kind of success in any area whether it be financial, personal, social or even spiritual.
Working on yourself and engaging in personal development can take you from anywhere to where you want to be it doesn't matter where you come from and it also doesn't matter what your background is. Wherever you are whoever you are, you can reach where you want. It is very important piece and very great path to success and that right there might already have given you some great reasons to do it.
However, there is so much more great thing about putting in time to work on your self-esteem and make you more aware about present life what that means is simply that you can enjoy your life more whether you're aiming for high success or not. It will expand your consciousness and your awareness and it'll make you a better human being to simply be around. Instead of thinking negative and low vibrational thoughts you'll be more aware and happy.
When it comes to personal development there is no right amount of time there is no right amount of effort because what's obvious is that you should do as much as you possibly can. Because it might be morally the right thing to do something like that simply because the payoff is huge the more time you put into yourself the better you become.