| I had a discussion with a client of mine about this | | | | has gotten stale lately. Start looking for some new |
| very thing recently and it got me thinking. Fitness is | | | | adventures. Maybe there's a great climbing wall in |
| like an investment in oneself. The parallels are | | | | your area that you've never tried. Have you ever |
| startling, actually. Often I see people that are | | | | joined a basketball league? Keep your eyes out for |
| successful in either fitness or financially. I really don't | | | | opportunities to explore new areas of fitness. |
| think it has to be that way. If one would put the | | | | 4. Patience. Great investors are patient. They're not in |
| same principals that made one successful in one area | | | | it for quick, get-rich-quick schemes. A good investor |
| into both worlds I bet one would find success in the | | | | will research, make a solid investment, and wait for |
| other. | | | | maturity. They won't get too ruffled with the minor |
| To get people started thinking about it I've drawn | | | | ups and downs of the market. Fitness is the same |
| upon my finance background and come up with five | | | | way. Develop or get a good plan and stick with it. |
| ways in which fitness is like an investment. I can think | | | | Make minor tweaks here and there if you need to, |
| of a bunch of other ways, so don't just take these | | | | but don't panic if your body doesn't respond right |
| five as gospel. Come up with your own method of | | | | away. Fat loss and the development of fitness isn't a |
| building your fitness portfolio! | | | | linear process, there are all kinds of little ups and |
| 1. Both work best on a budget. Good financial | | | | downs along the way. Enjoy the ride. |
| planners budget their resources very carefully. Many | | | | 5. Freedom. Why do most people invest some of |
| of them save before they do anything else. Before | | | | their earnings? They're not really investing for a rainy |
| money even hits their hands they have it drawn off | | | | day, as many will tell you. Most develop much more |
| to savings and investment programs. This keeps | | | | than they'd ever need for a little bit of misfortune. |
| them from spending it where they shouldn't. It's | | | | People invest for retirement and pleasure, be it at |
| important to do the same with your fitness regimen. | | | | age 35 or 65. Having a substantial amount of saved |
| Budget your time for fitness. For example, don't look | | | | money allows people the freedom to do things that |
| at your day as working until 5:00pm, then going to | | | | they wouldn't be able to do if they simply lived from |
| the gym until 6:30pm. You'll be likely to talk yourself | | | | their income. They can retire, buy boats and RV's, |
| out of the gym because it lengthens your day. Simply | | | | take trips, spoil the grandchildren, and do all kinds of |
| look at it, upon leaving the house, that you won't | | | | other things they enjoy. Being physically fit, at any |
| return until 6:30pm. | | | | age, gives you the freedom to enjoy yourself. The |
| 2. Research. I don't know a lot of financially | | | | client who I can credit with the idea for this article |
| successful people who don't research their | | | | recently did some traveling and ended up hiking and |
| investments. They research completely and they use | | | | mountain climbing with her family. She told me that a |
| different methods to reach their conclusions. Do the | | | | year ago, before she started being active again, |
| same for your fitness plan. Is what you're doing the | | | | there's no way she could have done that. She had a |
| best thing? If you don't think it is then explore the | | | | great time. That's freedom from fitness. Being in |
| possibilities. Talk to a professional, just as someone | | | | shape gives you the freedom to go on nature hikes, |
| focusing on a retirement plan would. Find some | | | | enjoy walking around historic districts and museums |
| literature on the topic. Explore some websites. Find | | | | all day, and hit the clubs to dance all night if you want |
| good, solid information from a variety of sources and | | | | to. These things may not have anything to do with |
| come up with a program. Just as many investors | | | | fitness, but being fit has a lot to do with them. |
| don't need to become professionals you don't need | | | | Financial investment and fitness are as complicated as |
| to become a fitness professional. Both you and the | | | | you make them. At the simplest level you'll be |
| private investor do need to learn some things about | | | | financially successful if you spend less than you make. |
| the trade, though. | | | | At the same level you'll be physically successful if you |
| 3. Look for new opportunities. This goes hand in hand | | | | move more and eat enough to sustain yourself and |
| with the research. A good investor is always on the | | | | your activity, not more. The more work you put into |
| lookout for new opportunities. Maybe a piece of land | | | | both areas, the greater rewards you'll reap from |
| in a high-rent area just came up for sale at a | | | | them. If you're successful in one area then apply the |
| knockout price, needing just a bit of TLC. A good | | | | principals that made you the success that you are to |
| investor hops on it. Maybe your exercise program | | | | the other. |