Arecent US survey showing that endurance athletes earn three times more than the average person came as no surprise to me. As a financial planner and a passionate trail runner, I have come to realise that investors and successful endurance athletes have much in common, including incredible reserves of discipline and courage. Investing requires consistency, perspective and patience. It's a marathon, not a sprint. These are the six most important attributes successful investors and endurance sports athletes share: 1. They set defined goals Successful investors and endurance sports athletes are not afraid of setting specific and meaningful goals - visualising and thus owning their future. This involves a precise allocation of daily energy, resources and time and includes making difficult trade-off decisions. Should you allocate your hard-earned cash to important short-term goals such as a stress-relieving holiday, or should you focus on the long-term dream of retiring comfortably, for ...

BL Premium

This article is reserved for our subscribers.

A subscription helps you enjoy the best of our business content every day along with benefits such as articles from our international business news partners; ProfileData financial data; and digital access to the Sunday Times and Sunday Times Daily.

Already subscribed? Simply sign in below.



Questions or problems? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now