The article that I posted on Debunking the Most Common Sports Nutrition Myths is one of my favorites so far. Why? Because as I have always said, there are endless and accurate parallels between success in health and fitness and personal finance. Both areas of personal improvement are full of sound bites, half-truths and myths. If you are an endurance athlete or simply work hard to stay in shape, you know a few simple things. First, there are no short cuts. You must work at it every day. It’s a lifestyle, not a hobby. It’s all-encompassing, it’s not just the workouts. Its hydration, nutrition (not diet), recovery, including good sleep, meal prep, focus, discipline, sacrifice, and none of it happens overnight. The next fad workout isn’t going to help. The newest supplement isn’t going to cause you to produce your best time. Every aspect of this can be made easier and more efficient with the help of a good coach.
Success with personal finance is not a short-term game. You need to do the right things, the little things, day in, and day out. It not just about your rate of return or owning the best stock or hottest fund. The coordination of investment strategies and account registrations can impact the current and long-term tax drag on your net worth. The amount of risk you’re taking, the timing of account distributions, protecting your most important assets, all can have a profound impact on our probability of realizing whatever it is that you define as financial success. Guess what? It all can be made a bit easier and more efficient with the help of a good coach.