Feel free to say the stars. If you were an Olympic athlete, what would your ideal situation be? You are one of the best athletes in the world about to compete against the best athletes in your sport vying for the title of the greatest athlete on Earth. What is the best case scenario? I would say setting a world record and taking home the gold. Sound fair? Now is that likely to happen. Probably not unless you are Michael Phelps, pre-pot picture. I joke because I believe he’ll be right there doing it again in London.
So what does this have to do with finances? My question to you is, has anyone ever shown you your ideal world? Now on any given day Michael Phelps might win some and lose some, depending on how he is measuring wins and losses. What affects this for him? What eroding factors of his performance does he have to face? Here’s a list of just a few: how he slept the night before, what he ate, how his legs/arms/body feel, the water in the pool, the current in the pool, the temperature of the water, etc, etc, etc. You get my point. I don’t know a ton about swimming but what I do remember is hearing about how the 2008 Olympics in Beijing had a fast pool. If there’s a fast pool then there must be slow pools.
The things I listed are eroding factors of a swimmers performance in any given event. Financially, we too face various eroding factors. Things such as inflation, taxes, technological change, planned obsolescence, financial expenses, lost opportunity cost, interest rate declines, stock market declines, loans and interest charges and lawsuits. It is extremely difficult to see, realize or counteract the affects of these factors if you don’t know what your ideal situation is. From your ideal situation you can then look at each factor individually or a combination of factors to see the affects it has on your money.
Is there an easier way to get results than to keep the money that is already there? Let’s first look at how you are loosing money so that you can begin to learn how you can find it and more importantly, keep it. What would you rather have, an investment that beats the market or an investment that isn’t affected by inflation, taxes, interest and stock market declines? If you say ‘let’s run the math’ then I know you have been brainwashed by the misinformation out there. Remember money is a commodity so ‘money is not math and math is not money’.
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