According to researchers in psychology, when a person does something that is not pleasant but receives some positive reinforcement afterwards, he will keep doing the task and go through the negative to experience the positive. This phenomenon can be seen in many areas of life. In running, it’s usually the natural high feeling from endorphins [...]

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Continue reading → The Money Marathon – Win

There are support programs for everything in life. They are there for a reason, and the reason is that it is much easier to accomplish something when somebody is there with you who has gone through it, understands what you are going through and wants to you to pull through it and win.
In sports, [...]

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Continue reading → The Money Marathon – Support Will Carry You Through

In any competition, there are always ways to measure competitors. You could look at the time it takes them to finish, the distance they compete in, and the level of difficulty, just to name a few. The world’s best athletes set their first priority as competing against themselves and trying to better what they scored [...]

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Continue reading → The Money Marathon – Compete Against Yourself Only

When I first started exercising on a regular basis, there were many things that could throw me off of my training routine. It could be that the weather was wrong, or I forgot my clothes, or my friend canceled or a number of other reasons.
Then one day I decided to sit down and [...]

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Continue reading → The Money Marathon – Make it Automatic

On our journey to a better financial place, there are many roadblocks and opportunities for accelerated progress. Those around you will have a significant influence on your propensity for success.
Your friends and family can have a significant influence on your financial successes and failures. The reason is that everyone needs help with their finances from [...]

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Continue reading → Financial Advice from Friends and Family

Continuing with our Money Marathon series, today we’ll go over something that is more fun instead of more work.
When training for a race, it is essential to maintain at least 100% desire to go out there and train. One of the experts once said that if you ever feel yourself falling below this threshold [...]

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Continue reading → The Money Marathon – Have a Fun Fund

I learned this technique from Brian Tracy. It applies to a lot of decisions that we have made in the past and it’s especially applicable to your Money Marathon. Zero-based thinking is not about changing your mind after you have made a decision that you’re having some second thoughts about. It’s about learning from [...]

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Continue reading → The Money Marathon – Zero-Based Thinking

In order to achieve any big goal, such as running a marathon, or winning at your Money Marathon, the actions have to be broken down into small steps – the smaller the steps the better. Breaking the goal down into daily action items is better than having weekly or monthly steps.
When I was training for [...]

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Continue reading → The Money Marathon – Short-Term Focus

Once you have figured out where you are starting from and what resources you have to work with, the next step is to figure out where you want to be. In real running races, you would pick your next race to be a stretch from what you have done before, and have bigger goals for [...]

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Continue reading → The Money Marathon: Where Do I Want To Be?

In my previous article, I talked about defining and setting goals when undertaking your Money Marathon. Another key aspect of preparing for your Money Marathon involves understanding your starting point.
When getting ready to train for a marathon it is wise advice to visit your doctor for a checkup and receive an assessment from a [...]

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Continue reading → The Money Marathon: Where Am I Now?

Listening to the radio and watching TV reports on the stock market, we often hear market and business reports. This news has become more of an entertainment than actual meaningful information. It can be mind-boggling to listen to everything that is going on in the financial world. Sometimes this overwhelming feeling sets in because of [...]

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Continue reading → Defining and Goal Setting

Recently I was planning my training schedule for a big race that is coming up in six months, and it occurred to me that personal finance is similar to a marathon race. We at Lending Club believe that there are many money lessons that can be learned from a marathon. I have put together some [...]

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Continue reading → Money Marathon: Personal Finance is a Marathon