By |Published On: Aug 5, 2024|Categories: Financial Planning|

The Summer Games are a wonderful time, and they are very inspirational. You may have an extra skip in your step, stand a little bit taller, or smile a little bit more when watching the best in the world go head-to-head. You may not be in Paris competing but when it comes to life, what’s your gold medal?

Gold Medal Record

There are a lot of comparisons between the Olympics and life – discipline, sacrifice, and heart. For example, Katie Ledecky has a very robust training routine. Ten swim practices per week and five times a week in the gym strength training. She gets plenty of sleep and does a lot of positive mindset reinforcement. Furthermore, she trains with a wonderful coach to keep her moving in the right direction.

She just won the 800mm freestyle for the fourth Olympics in a row! When the Olympics conclude, she will take a little time off and start training again with her coach on September 1st.

One word can describe her approach – dedicated!

Approach to Personal Finances

When it comes to finances, what’s your gold medal? Making as much money as possible? Hitting it rich by investing in the right stock? Owning the house of your dreams?

Whatever your gold medal is, how do you plan on getting there? Do you have it mapped out in your journal or in a spreadsheet? Maybe you have it written down on an app. Perhaps it’s just a loose idea floating around in your mind.

Do you work with a coach, i.e., a professional financial planner to help you get there in a shorter time frame that is less stressful? Can you get to your gold medal on your own?

How dedicated are you? Is it on the level of Katie Ledecky? Or is it comparable to Saturday morning swim club at your local community pool? Perhaps somewhere in between.

Whatever the case is, there are many things to consider when thinking about your financial gold medal. How do you want to take your approach? What will you do to get there?