Increasing Your Fitness Consistency, Saving Hundreds of Thousands of Dollars, and The Power of Self-Education (Fit Rich Life Newsletter No. 64)
Justin David Carl
Sharing Money, Fitness & Life Mastery via Posts, Newsletter, Podcast | Fit Rich Life | High Performance Coach
Greetings colleagues & friends,
I put together a FREE 29-page Money Guide that will empower you to become financially fit.
Within the Financially Fit Money Guide you will find:
You can get the Free Guide at: www.fitrichlifecoaching.com/moneyguide
Without further ado, let's proactively build your Fit Rich Life.
This is your weekly dose of actionable tips, tools & strategies to take your Fitness, Money, and Life to the Next Level.
FITNESS: Tricking yourself into more consistency.
Committing to daily movement is easier than exercising 3-4 times a week. It is much harder to go exercise when you plan for days off.
One day off can turn into two days off, which turns into three days off, which turns into the habit of NOT going to workout for weeks/months.
Despite what some may think, I go through periods (sometimes months long) where I don't feel like exercising.
Nonetheless, I drag my ass to the gym and just get started. I tell myself I can just go to the gym and foam roll and do some stretching to move my body.
90% of the time this leads to me committing to a full 30-60 minute workout, because f*ck it, I'm at the gym and I may as well make the most of it.
The other 10% of the time I end up just foam rolling, stretching, and maybe doing some light cardio (walking uphill on the treadmill or climbing the stairmaster for 10-20 minutes).
Even when I don't go to the gym, I make sure I move every day even if that means just walking my neighborhood.
All of this is based on Newton's Law which states that an object at rest stays at rest, and an object in motion stays in motion.
By staying in motion, even if it's minimal, I stay in great shape year-round, even when I don't feel like exercising.
MONEY: Learning to manage your investments can save you hundreds of thousands of dollars.
A 25-year-old who plans to retire at 65, has $25,000 in investments, invests an additional $10,000 each year, and earns a 7% average annual return.
Paying just 1% in fees to a Financial Advisor costs this person ~$590,000 in sacrificed returns over 40 years.
F*ck that.
Learn to invest.
Fire your financial advisor.
Keep WAY MORE of your money.
No one will take care of your money better than you.
I've worked with many people who had an Assets Under Management (AUM) Financial Advisor or Investment Advisor who is charging a 1-2% AUM Fee and often they're putting one's investments into more high-fee investments that provide a further kickback to the advisor.
Fees eat away at your lifetime gains and minimizing them is crucial to your Financial Journey.
It's unfortunate that the Financial Industry is plagued by those more focused on lining their own pockets than yours but it's the hard truth.
There are definitely some great financial advisors out there that charge a one-time flat fee and they can be appropriate to use when making big financial decisions like retirement, but I still feel everyone should be sufficiently self-educated with their personal finances and investing because it is an invaluable skill for anyone who wants to achieve Financial Freedom.
Plus, if you're uneducated around Money there is no way you can identify if your financial advisor is actually doing what's best for you.
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LIFE: Self-education is the Master Key to freedom.
There is so much that isn't taught in traditional school (high school or college) that is critical to success.
This includes:
- managing your personal finances
- responsibly using credit
- buying a home
- investing
- starting a business
- health & fitness
- mental health & happiness
- building a successful marriage
If you truly want to live a Fit Rich Life you have to self-educate through books, blogs, podcasts, courses, and coaching to hone your skills and proactively build a happy & fulfilling life of your own design.
If we just take a few moments and think through what areas of life we are struggling with we can easily identify the gaps that require self-education.
No one is coming to save you or solve your problems.
It is and always will be up to you to do the work to level up in the areas of life that aren't where you want them to be.
This requires taking 100% responsibility and taking proactive action to fill in the gaps of knowledge and taking the required steps to get where you want to be.
There are less than six months left in the year.
What are you going to do in that "one area of struggle" so you're not in the same place next year?
Closing Thoughts:
What is one thing you can do this coming week to improve your Fitness, Money & Life?
Here are some ideas:
- Commit to moving your body every day (especially when you don't feel like it).
- Take a step or two towards getting educated on managing and investing your money.
- Start listening to a podcast, read a book, or enroll in a course to level up.
Remember, making progress is the most reliable way to create happiness & fulfillment in one's life.
That's it for this issue.
I am sending you all lots of growth energy!
Your Fitness, Money & Life Coach,
Justin David Carl
P.S. Please share this with a colleague or friend if you find value in it.