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Ferenc Scobie

10 Reasons Marathons are like Investing


Hey there! I initially started jotting down these thoughts on my flight back from last year's marathon but never got around to sharing them. Today, as I kick off my training for the Vancouver Marathon in May, it feels like the perfect time to finally wrap it up.

What struck me is how much completing a marathon mirrors the qualities of a successful investor. Check out my observations:

  1. Start with the end in mind: Just like setting a target time for my marathon, having a financial goal is key. Whether it's completing a marathon in under 4:00:00 or securing a comfortable retirement, having an inspiring end goal keeps you motivated through the ups and downs.

  2. Have a plan: Running-wise, I use Phil Moseley's Intermediate Marathon Plan. In investing, I opted for multi-family real estate. Whatever the plan, make sure it aligns with your goals and is something you're comfortable with.

  3. Starting is the most difficult: Remember when I struggled to run a few miles? Starting small in both running and investing is crucial. Begin with manageable steps, and before you know it, you'll be covering substantial distances or making significant financial gains.

  4. There's pain: As Mike Tyson famously said, "everyone has a plan until they get punched in the mouth". In marathon training, injuries and unexpected events happen. The same goes for real estate investing—there are obstacles, but adjusting your plan and pushing forward is key.

  5. No real shortcut: Running a marathon or building wealth doesn't happen overnight. Incremental progress is the name of the game. Start small, stay consistent, and watch your achievements grow.

  6. Get educated: Just as I learned the ins and outs of marathon running, I'm serious about educating myself in investing. Reading, courses, and coaching provide the knowledge needed to navigate both worlds successfully.

  7. No guarantee: Plans may not always work out, as my experience with a 1/2 marathon in Orlando taught me. Injury forced me to pull out the day before the race. Similarly, investing involves risks, but the potential rewards far outweigh the risk of doing nothing.

  8. Support of your family is crucial: My training schedule can be intense, impacting family routines. Having their support is a game-changer. The same applies to real estate; family backing is essential for a successful investment journey.

  9. Facing skepticism: People will share cautionary tales, be it about marathons or investing. The guy who had a heart attack or the person who lost a bundle in real estate. Remember, success stories often go unnoticed. Stay focused on your goals and drown out the noise.

  10. It feels REALLY GOOD when it works out: Whether it's crossing the marathon finish line or seeing your investments flourish, the feeling of success is unparalleled. Cherish those moments—they're well-earned!









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