Money Athlete Definition: An individual who strives to be financially free, that understands the awesome opportunities and experiences that come from this, someone who is always learning and helping others learn & achieve their own financial goals & a person who uses their knowledge and resources to give back to their families & communities
Being a money athlete is like being a financial Olympian, where you have to train and prepare just as rigorously as any other athlete. And just like any other sport, it requires discipline, consistency, and a game plan.
Discipline: Being a money athlete requires sticking to a budget, saving regularly, and avoiding impulse purchases. It’s like a game of “Willpower,” where you have to resist the temptations of instant gratification and stay focused on your long-term goals. That new TV on sale at Target? You don’t need it. The $200 dinner on Saturday night? Stay home, order a pizza, and save $180.
You are constantly being sold items or experiences that do not push your financial goals forward. Recognize this and walk away from them- they are NOT moving your life forward.
Consistency: Consistently saving, investing, and paying off debt are key to building wealth. It’s like a game of “Marathon,” where you have to keep going and not give up, even when it gets tough.
Do the boring things (investing, paying down debt, etc) each month, over and over and over- the boring things lead to big money gains.
Game Plan: Having a financial plan in place, including setting financial goals and creating a budget, is crucial to success as a money athlete. It’s like a game of “Strategy,” where you have to have a plan and stick to it to win the game.
Be aware of your spending habits and being able to identify areas where you can cut back. It’s like a game of “Fitness,” where you have to be aware of your weaknesses and work on improving them to become a better money athlete.
Cut out the morning Starbucks trip, get rid of one of your monthly streaming services, cut back on bar trips, restaurants, fast food- these things aren’t helping you move your money forward, heck, they aren’t even helping you move your fitness forward either!
Finally, it’s important to stay informed and educated about personal finance and the financial industry. It’s like a game of “Knowledge,” where the more you know the better equipped you are to make the right financial decisions and succeed as a money athlete. Always. Be. Learning. Financial knowledge is power & you must continue to gain more of it to obtain your financial goals.
Being a money athlete is a lifelong commitment to discipline, consistency, and a game plan. It’s essential to have a budget, set financial goals, and create a plan to achieve them. You have to be aware of your spending habits and stay informed and educated about personal finance and the financial industry.
Today’s average attention span is 8.25 seconds- meaning most people will say “oh, yes I want to get out of the 9-5 rat race & make money!” but in reality, after a week or two, they are right back to their old spending & lazy habits, keeping them a slave to a 9-5 boring job for 40 years. Don’t be that person, break out of the mindset.
Remember, just like any other sport, the key to success is to have a plan and stick to it- grind each and every day, and never quit. Ready to become a Money Athlete? Come be a part of our movement & let’s help you reach financial freedom and unleash your greatness.
