Yes, you’re an athlete! (The Financial Athlete #136)

We are all athletes. It’s just that most people don’t know it. If a sedentary woman changed her lifestyle into a physically active one, she will be amazed at her level of fitness and how good she looks within only 1 year. Anyone who is not catastrophically ill can be reasonably fit. The first step to fitness is realizing your inherent, athletic potential. The second step is to set the goal to move toward your athletic potential. The third step is to execute.

So if you’re an athlete but didn’t know it, can you also be an investor and not know it? Yes, for those who have defined benefits in a pension plan. These people tend to be government employees. For example, a military officer with a monthly income of $6,000 retires after 20 years. In retirement he receives 50% of his monthly salary ($3,000 monthly or $36,000 per year plus cost of living adjustments). That’s the equivalent of someone who had saved $1,000,000 and receives an annual interest return of 3.6% interest plus inflation protection! In addition, the retired military officer benefits from government subsidized health care. In exchange for this, let’s not forget the officer served his country and put his life at stake.

“What keeps me going is goals.” — Mohammad Ali

(Click here for source of image.)

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