20 Second Advisor: 5 benefits of a good training plan

Scott, Thad, and I are training for different running races this fall. Our goals are either time or distance based. In order to accomplish these goals, we must train.

To increase our odds of success, we need a training plan! The benefits of a training plan include:

• Keeps you focused
• Gives you confidence you are on the right track
• Breaks down a big goal into small incremental steps
• Helps you focus on the outcome of today’s workout rather than the outcome of the race
• Allows you to readjust when the unexpected happens (I got sick recently and had to rework my training plan)

You might have already guessed where I’m headed with this…a good financial plan provides the same benefits!!

Financial goals are easy to articulate. A good financial training plan is critical to actually accomplishing them!