Why personal finance is like dieting: there are no shortcuts

Nick Foy, CFP®
nick@greenwaywealth.com

Back at the 2008 Summer Olympic Games, Michael Phelps became known for more than just his historic gold medal accumulation: he also became known for his diet. During the training and the games, in order to keep up with the energy needed to perform at a world class level, he’d put down 12,000 calories a day.

Although he later admitted that the figure was somewhat exaggerated, the quantity of food he ate while training was still rather daunting:

Breakfast: Three fried-egg sandwiches with cheese, lettuce, tomatoes, fried onions and mayonnaise. Two cups of coffee. One five-egg omelette. One bowl of grain. Three slices of French toast topped. Three chocolate-chip pancakes.

Lunch: One pound of pasta. Two large ham and cheese sandwiches with mayonnaise on white bread, plus energy drinks.

Dinner: One pound of pasta, an entire pizza, and even more energy drinks.

Olympic level swimmers burn between 3,000 and 10,000 calories per day, so all that intake was put to good use.

Wouldn’t it be nice, though, to be able to eat whatever you want, not exercise, and still lose weight?

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