Getting Physically and Financially Fit!
Phil and I have recently embarked on a journey to increase our physical fitness. We are financially fit but need some (ok maybe ALLOT) work on our physical fitness.
When you break it down the fundamentals are exactly the same and with guidance, disciple and focus you can achieve both physical and financial fitness!
- Motivation is the key
If you don’t have the motivation to achieve your goals you are wasting your time. You need the drive and motivation to ensure you keep repeating what you have to do. We hear it all the time that weight loss is 80% diet and 20% exercise. Trust me, you need to be motivated when your alarm clock goes off at 5.40am 6 days a week to get to the gym and smash your workout! It’s 100% Motivation !! It also take motivation to ensure you prepare your meals on the weekend ready for the week ahead.
When it comes to Financial Fitness you need to be equally as motivated when it comes to your finances. You need to track what comes in versus what goes out. Do you pay yourself first and then pay everyone else? You need to track your cash flow and ensure that you save more than you spend. You also need to make sure you aren’t indulging where you shouldn’t. Do you really need those new shoes or that new dress? Can you make that coffee at work and not buy it at the coffee shop? Do you bring your lunch to work every day?
- Get the Right Coach and Role Models
We can all google the terms “weight loss”, “how to get fit”, “how to save money”, “where to invest my Super”, but without the right guidance or help from an expert, that does this day in and day out, you will not get the best results. You also need a role model or support team. I feel very fortunate to have met Leesha (pictured above) who has transformed her life in the past three years. She looks naturally fit in the picture but has worked hard to get where she is today and continues to do so. I met her at the gym and she has an extraordinary story involving her losing 33kgs. I look forward to seeing her and her positive energy at 6am every morning.
In the financial world, a Certified Financial Planner can understand your individual needs and create a plan that ensures you have a plan in place. They can also understand your strengths, weaknesses, opportunities and threats and works with them. They understand where you need the help and guide you in the right direction.
With the right coach, discipline, strategy and hard work, anyone can become financially fit and physically fit and experience the freedom of not having to constantly worry about fitness, money, and doing what you want to do, when you want to do it.
- Goal Setting – Set measurable goals
One of my favourite quotes is “Obstacles are those frightful things we see when we take our eyes off our goals”. You need to live and breathe your goals. While we have a long way to go to achieve our fitness goals we have broken them up into small, acheiveable, goals. We are three weeks into an eight-week challenge and have never felt better!! I have lost weight, have more energy and loving life even more!!! Wohoo!!!
The same needs to be done on the financial side. Everyone needs short, medium and long term goals. They also need to be reviewed on a regular basis. You can’t just set and forget.
- Keep doing it!
If only you could go to the gym for a month and eat clean and reach your goals! Unfortunately, that is not the case. Physical fitness requires an ongoing commitment.
Financial Fitness is exactly the same! You need to set your budget and monitor what your spending each month. We offer clients a wealth portal that helps track their spending. It is a great tool to help you understand what your surplus is each month and how you are going towards achieving your goals. If you get a pay rise you should also use that as a way to pay off personal debt or save even more!
- Celebrate Success
When you achieve milestones, it is important to sit back and celebrate! While you might have a long way to your end goal, every little bit helps. If your goal is to lose 15 kgs break it up into three 5kg goals. I am hoping to lose one kilogram a week and increase my energy levels to keep up with my active boys!
If you have credit card debt that needs to be repaid perhaps you can celebrate with a bottle of bubbles and scissors to cut up the card once you repay it!! Australians have far too much personal debt and not enough savings.
In summary I believe you can be Physically Fit and Financially Fit. It is all about Motivation, getting the right advice, setting goals and staying on track! But most importantly, celebrating your success!!! I look forward to working hard at the gym every month and getting Physically fit!!!!!!!