Marathon

I work best when my long-term plans are carefully set, and then run on auto-pilot. Most likely, so do you.

Study after study has shown that constantly second-guessing yourself loses you momentum. If you want a successful long-term financial investment, the best strategy is to sink money into the S&P 500 and forget about it, not try to constantly cherry-pick stocks day by day. In the long run, nobody successfully out-performs a consistent set of rules.

And even if you could, by a few percentage points – at what cost? If you spend an hour day-trading every day and beat the market by 2%, you’ve lost an incredible amount of resources. That hour was more valuable if you did anything else with it!

Any time you want something to impact your whole life, you have to just create a pattern and then let it run. Choose your diet, your financial plan, your activity level, and your family accordingly.