Train Your Financial Health

 

financial health

You must train your financial health just like your physical health

I have been going to the gym regularly for years. It has been a lot of hard work, a lot of effort, and several setbacks. It reminds me of keeping in financial shape. Much like training your body physically you must also train your financial health and your money management.

Consistency is Key

If you have ever missed a few weeks or months of regularly exercising, then you know all too well how quickly you can look and feel out of shape. You will quickly start to lose strength, definition, and stamina with a layoff. It can sometimes be a slow and uphill path to regaining what was lost.

This same scenario can play out with your financial health as well. If you slip and ignore your budget for too long, then you can find yourself with increasing debt, and decreasing savings.  Recovering can be a long painful process.

For this reason, it is imperative that you stick to your budget constantly and consistently. Doing so will keep you and your budget healthy and on track.

Have a Plan!

I’ve found that the best results that I’ve had in the gym have come when I’ve had a concise plan of attack. I would write down and map out my workout regime and a meal plan. Following the plan that I crafted would produce great results when it came to strength, size, and my overall appearance and confidence.

The same is true for your financial health. Having a written budget, a set of realistic goals, and a plan of attack for debt repayment and investing will ensure that you achieve your financial goals. Also, be sure to regularly check up on yourself and adjust where necessary. Sometimes even the best plans need some tweaking.

Sometimes you might get setback by an outside factor. I have been setback in the gym by injury more times than I’d like to remember. But having a plan helped me recover faster and get back to training. You too could get setback with your finances. A job loss, and unexpected expense, or a pandemic can all throw a wrench in your goals. But with a proper plan and the ability to adapt you will come out on top.

Don’t do it Alone!

I have a training partner who works out with me. He will push me, compete with me, and motivate me. Having a reliable partner at the gym is one of the most powerful tools that you can have.

When it comes to your financial health, find a partner! Your partner should be your significant other if you are in a relationship or married. Two incomes and two mindsets working towards the same financial goals are better than one. You can also look outside your house and network with like-minded people. Join a local investment group or a support group dedicated to debt repayment. Find a mentor who is financially successful and ask them for advice and guidance. Check out a financial website. You don’t have to make your journey alone.

Conclusion

Training at the gym can be compared to training your financial health. You must be consistent, deliberate, and not let setbacks derail you. With dedication, a plan, and support you can achieve your financial goals the same as you can achieve your health goals.

Read Also:

Budgeting for 2021: A Practical Guide

Steps to Becoming Financially Educated

Taking Back Your Finances: 7 Tips on How to Save Money and Pay Off Debt

How to Take Care of Your Health (Without Spending A Fortune)

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