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A challenge can be disarming the behavior that can derail us from our investing goals. Robroy Wiley, Investor Coach at SmartPlan Investing, shares a short story about Michael Phelps and what happened at the Olympic games.

www.smartplanfinancial.com

Short story referenced from ” The Power of Habit – Why we do what we do in life and business.” – Charles Duhigg


Did you know Michael Phelps world record was won by swimming the olympic race blind?
How did he disarm our natural default behavior to panic?
Just imagine, there’s Michael Phelps at the start of the race, everything is fine. The usual routine.

BAM.

When he hits the water, immediately his goggles start to fill up. Total black out. Can’t see the bottom of the pool, or the wall. Michael has to count his strokes.
He did not deviate from his coach’s strategy. He did not panic and stayed the course.
Michael’s mindset was only to move forward. His coach had prepped him for scenarios, just like this.
If Michael Phelps had panicked, there would have been no Olympic gold medal and world’s record.

It’s why as an investor coach, the challenge is in helping my clients disarm those behaviors that can derail them from reaching their investing goals.
It’s one of the most difficult pieces. That’s what I am here for.


Purpose for Money series

Episode 101 – Mental Toughness  & Purpose

Episode 102 – Philanthropic & Purpose

Episode 104 – Money & Happiness


Robroy Wiley

Robroy Wiley, Investor Coach SmartPlan Financial.com

Robroy, Investor Coach also known as, ‘Defeater of Money Demons’ in some social circles, knows that success is achieved not by default but by design.

That money should be seen as a tool to help us achieve our goals and dreams. That old expression, ” Money can’t buy happiness” rings true even today. Robroy’s own family legacy has had to reset how they think about money and wealth.
A family, whose history of money and wealth dates back to the Gilded Age. Where past generations squandered and nurtured the wealth legacy that had been entrusted to them. Robroy was exposed to the good and bad sides of wealth.

He is the Founder of StoryWill. StoryWill which celebrates life, purpose, and legacy allows for a person to share their story.
Please feel free to email robroy@smartplaninvesting.com

Robroy Wiley – who has written posts on Financial Communicator.


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