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Tiger Woods, Mike Tyson, and Money Happiness

Every year that the birthday clock turns another year I ask myself one simple question, “Am I getting any wiser?” Many say that gaining wisdom in life is far more powerful than any bit of knowledge that you can acquire. Of course, you can know a lot of information about many different subjects, but the key to making progress is about applying your wisdom to situations for the best possible outcome. I’ve come to the conclusion when it comes down to two important areas in our lives, we often spend more time reminiscing or hoping than we do actually enjoying. Those particular areas are sports and money.

It dawned on me several weeks ago that we don’t spend enough of our lives enjoying the ride. Far too often, we churn our energy hoping for dreams of yesteryear or the way we wish it could be versus the way that it really is at this time. Take Tiger Woods. Tiger likely had one of the best all time runs that we will ever see in the sport of golf. Not only did help transform the sport, but he got people all around the world to get engaged to watch the sport of golf just hoping that Tiger would make that winning walk on a Sunday. Take Mike Tyson. There was a time when you could literally make time stand still when Mike Tyson was knocking out every single person who would step into the ring with him. We couldn’t wait to hand over our money for next time he would step in the ring.

All runs in sports and money must come to an end. It’s not always an infinite end, but every run has its own shelf life. It’s easy for me to understand why people want Tiger Woods to win again or just to see Mike Tyson back in prime time again, but we should spend more time celebrating the runs of tremendous success than we do focusing on “what’s the matter with them” type attitude. Take any sport and find the best person at it now, and the run they are having will eventually have their end. If you witness the huge success of Jordan Spieth, Ronda Rousey, or Serena Williams, the runs they are having will eventually end. And when they do, don’t spend your time wondering when they will come back, but rather admire the elite success they had during the run.

The same holds true with your money and here’s the link into how this will make you happy. You’ve had a great run over the past seven years in the stock market and real estate and eventually those runs will have their own finality as well. It doesn’t mean there won’t be another run, but it does mean there will be a year (or two) where you don’t make double digits on your money. This doesn’t mean you are doing badly, it just means that money much like athletes have period of time they do well and then some other athlete steps in to make the next run. Don’t get impatient during a bad year or a year where your money only makes a few percent. This just means a new run is going to get ready to emerge and enjoy the ride while it happens. You’ll be much happier every day.

Written by: Ted Jenkin
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About the author  ⁄ Ted Jenkin @ Your Smart Money Moves

Ted Jenkin @ Your Smart Money Moves

Hey!

My friends and family all think I’m a workaholic, but I say I’m just a guy that loves to help people do better in life.

My mother is still the only one that calls me by my real name Theodore Michael, my wife calls me Teddy, but for the rest of you it is just plain old Ted.

Ever since I was a little kid, I always loved money and being an entrepreneur. In fact, I still have cassette tapes of me talking to my grandmother at the age of five and my mother tells me all the time how much I played with money as a kid...

Read More About Ted Here

Ted Jenkin is a frequent guest columnist for the Wall Street Journal and Headline News Weekend Express. He is the co-CEO of oXYGen Financial. You can follow him on LinkedIn @ www.linkedin.com/in/theceoadvisor or on Twitter @tedjenkin.

Securities offered through Kestra Investment Services, LLC (Kestra IS), member FINRA/SIPC. Investment advisory services offered through Kestra Advisory Services, LLC (Kestra AS), an affiliate of Kestra IS. oXYGen Financial is not affiliated with Kestra IS or Kestra AS. Kestra IS and Kestra AS do not provide tax or legal advice.

The opinions expressed in this commentary are those of the author and may not necessarily reflect those held by Kestra Investment Services, LLC or Kestra Advisory Services, LLC. This is for general information only and is not intended to provide specific investment advice or recommendations for any individual. It is suggested that you consult your financial professional, attorney, or tax advisor regarding your individual situation. 

Background and qualification information is available at FINRA's BrokerCheck website.

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