Lessons from the gym can make you rich!

December 8, 2016 . Shweta Nichani

Health is wealth, isn’t it? The fitter you are in mind, body and soul, the happier you live.

It’s hard not to agree with that. What’s interesting is that, there are lessons of financial health to be learnt from fitness trainers too!

Are you wondering how?

Money_MuscleWell, picture this. You’re at the gym. For the best results, your personal trainer plans your workout. If you’re visiting a nutritionist, he/she plans your diet for you. Of course, that’s only if you’re serious about your fitness. It’s not much different when it comes to your investments; you need the right guidance from your investment advisor to make sure your money is working out in the right direction too.

Here are some things personal trainers do that investment advisors do too!

1. They help you take the first step

You and I might be unable to set up a complete exercise schedule that includes all the activities we need to do – cardio, weight training, and flexibility, with the right balance. Personal trainers do just that, helping you maximize what you get out of your workout. They also set up a schedule so you know when and how to do what  workout.

Investment advisors do the same with your money. You and I might not know which investment products are right for us, how they work in tandem for us to achieve goals, how much and when to invest –  but they do. With their expertise, we can get the best out of our investments.

2. They get you on the right road to fitness

If you’ve been exercising consistently for several months and aren’t seeing the results you expected, you consult your personal trainer who helps you re-evaluate the goals (realistic ones) you’ve set for yourself. Trainers look at your current program and habits and help you see where you can make changes to create more effective workouts.

Investment advisors also understand your goals, look at your current investment habits, and help you understand what changes can help you make investing more effective.

3. They give your boring routine a kicker

You’ve been doing the same workout everyday and while it’s good, you’d like a refreshing change. Personal trainers can bring new ideas to the floor, adding zing to your everyday workout, making it more fruitful and physically enriching.

Investment advisors help add that zing to your portfolios! They guide you on how to diversify your portfolio so that you get the cumulative benefit of different investments. They also introduce you to several new products and help add flavour to your portfolio, that makes investing more rewarding, while staying in line with your goals.

4. They devise plans keeping your specific needs in mind

When it comes to health, no one knows better than your doctor what exercises will be best for you. You might have prior physical issues, maybe arthritis or heart disease, old injuries, etc. Your personal trainer can work with your doctor, to help devise a workout that could help heal injuries and avoid creating problems.

Investment advisors on the other hand, guide you on what investment avenues would be good for you, depending on your overall financials and risk profile. It is advisable to work with an advisor if you want an effective investment plan to keep you financially healthy and build wealth.

5. They supervise your workout

You may know how to do your exercises, but when your workout is supervised by your personal trainer, he/she ensures that you progress on the path aligned to your fitness goals. Additionally, he/she can also tweak your training plan if required.

Investment advisors, like trainers, keep an eye on your investments and ensure your have the right mix of asset classes to reach your goals. They review your portfolio from time to time to ensure you’re on the right track. They suggest timely changes in the amount you invest or in the type of investment or recommend starting a new investment altogether. All with the intention of taking you closer to your financial goals.

So there you go! Get yourself a financial “trainer” if you don’t already have one, and give your investments the workout they need!  After all, your financial health is important too.

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