When I’m not thinking about my finances, you can often find me out on a good run (ok, probably still thinking about my finances). Running isn’t for everyone, but that doesn’t mean having a runner’s mentality can’t help you in other aspects of your life. Obviously, being the financially minded person I am, I think there is a lot we can all learn, financially speaking, from runners.
Specific Goals Are Important
Sometimes it’s enough to simply want to do something, in this case, go on a run or improve our finances. However, to achieve our best results, setting specific goals will always yield better results.
When I’m training for a race, having the goal of “just finishing” vs. the goal of “I want to run at 8-minute miles”, will likely get me very different results. Holding myself to a higher goal will more than likely push me to run faster.
Having specific goals when it comes to personal finance is very similar. Saying, “I want to save money” is very different from saying “I will save $300 a month”. Having a specific goal will more than likely motivate us to do more to achieve that goal as we’ll know if we are falling short.
The post How Having a Runners Mindset Can Help With Money originally appeared at Have Your Dollars Make Sense.