What's Your Money Marathon?

Defining your financial journey to motivate you and improve your success.

Author

Evan | My Money Marathon
August 15, 2023

What is a Money Marathon?

Aside from being the name of this brand, what is a Money Marathon?

Well, let’s start with what it’s not.

A Money Marathon is not short-term financial success.

That’s why it’s not called a Money Sprint (plus, that would be a far worse brand name).

Just like a real sprint, you would get worn out far too quickly to make it any meaningful distance.

The goal is to burn well for a long time, not to burn bright for a short time.

A Money Marathon is also not the same for everyone.

Everyone’s financial goals, starting point, pace, and pathing are unique.

No one’s Money Marathon is invalid simply because it doesn’t match yours.

As long as they are progressing toward their own goals at an acceptable pace to them, they are on the right track.

A Money Marathon is an individual’s long-term financial journey, marked by consistency and focus on personal goals.

What’s the Importance of a Money Marathon?

A Money Marathon is important for one primary reason, and I focus a lot on it in my content.

Developing the right mindset.

People with extremely high incomes can fail to achieve their goals solely due to a poor mindset.

Low earners can achieve all of their financial goals thanks to the right mindset.

If you can develop the right money mindset, you will have a far higher chance of setting and achieving the proper goals.

How to Define Your Money Marathon

Your “Why”s

The first and most important aspect of a Money Marathon is defining your “why”s.

I dive in-depth about defining your financial “why”s in a separate newsletter post from a previous newsletter provider that shall not be named (rhymes with “Distant Contact”) that I no longer have access to.

So, to summarize:

Your financial “why”s are the reasons behind your financial goals.

Think “Why do I want more money?”, “Why do I want financial freedom?”.

My “why”s are:

-Free myself from a restrictive 9-5

-Time freedom to do what I want when I want

-Provide for loved ones with no fear of money

-Geographical freedom to live where I want with no concern over job locations

To determine your financial “why”s, think about what excites you about your financial goals.

Is it focused on:

  • Travelling

  • Giving gifts

  • Buying things

  • Avoiding a day job

  • Spending time with loved ones

There is no wrong answer - it’s whatever excites you most.

Define Your “How”

Now you need to determine how you’re willing to achieve your “why”s.

Some people are okay with scraping by on as little money as possible until they reach their financial goals.

This is reminiscent of Lean F.I.R.E., where an individual focuses on reducing their expenses as far as possible to become financially free ASAP.

Others want to live a more lavish life, spending money however they please.

These people may focus more on increasing their income than decreasing their expenses.

Defining your “how” allows you to set boundaries on what you’re willing to do to achieve your goals.

Without this definition, you will be inconsistent at approaching your goals and push yourself inefficiently.

Now go out there and run your Money Marathon toward the financial life you deserve.

If you need some quick help on your Money Marathon or have a few finance-related questions, check out my 1-on-1 coaching options:

  • FREE Money Minute Call (quick questions, 15 min)

  • Investing Foundations Coaching (30 min)

  • Wealth-Building Coaching (45 min)

  • FREE Budgeting and Investment-Tracking Tools