Invest Like a Champion: Financial tips inspired by the Paris games 

The Olympics have always been a theater of emotion and inspiration, and the Paris 2024 Games are no exception. 

This year, we saw the triumphant return of Simone Biles who solidified her place in history as the most decorated American gymnast ever. The rowing team of Liam Corrigan, Justin Best, Michael Grady, and Nick Mead made history too, taking home the gold medal—the first for the U.S. in this event since 1960. Katie Ledecky captured her seventh gold medal, bringing her career total to 14 Olympic medals and earning the title of the most decorated U.S. female Olympian of all time. 

And that’s just three of many stories. 🤩 🤩 🤩

Just as athletes navigate setbacks and strategically plan their way to success, investors also face financial challenges that call for resilience and careful long-term planning. While we may not be able to help you stick a perfect vault landing, row at lightning speed, or master the freestyle, we can certainly provide you with strategies for financial resilience. 

Here are some essential strategies to help you bounce back from financial setbacks and keep pushing toward your goals—whether you're just starting out or aiming for Olympic-level success.

1. Assess and understand your performance

The first step in overcoming a financial setback or making a plan is to assess the situation. Just as an athlete reviews their performance to pinpoint areas for improvement, you can evaluate your financial situation to identify the root causes of your setback. Whether it's a market downturn, unexpected expenses, or job loss, understanding the underlying factors is essential.

Athletes don't rely on sheer speed—they strategically monitor various performance indicators to gather the insights needed for success. These inputs are invaluable, especially when reviewed in context with a trained coach and expert guidance. Similarly, you can benefit from having a single place to review your financial picture, allowing you to monitor performance, make informed adjustments, and continuously improve your financial outlook.

2. Stay invested for the long run

The hallmark of a champion is unwavering perseverance, which means maintaining perspective and staying consistent. During market downturns, it can be tempting to pull out of investments to avoid further losses. However, staying invested is often the best strategy for long-term growth. History shows that markets typically rebound over time, rewarding those who stay the course. 

3. Seek professional advice 

Much like top athletes benefit from seasoned coaches, you can gain valuable insights by consulting with experienced financial advisors. They can offer personalized guidance and help you craft a strategy tailored to your unique circumstances. A professional can also provide an objective perspective, helping you avoid emotional decision-making. Family office services, including tax and estate planning professionals, insurance experts, and investment advisors are all valuable resources for developing tailored plans that align with your specific goals.

4. Build resilience through continuous learning 

Like the world of sports, the financial landscape is constantly evolving. Stay informed about market trends, new investment opportunities, and financial strategies. Continuous learning helps you make informed decisions and adapt to changing circumstances. In addition to expert consultations, info sessions and peer-to-peer learning offer valuable insights. That's why we value a community of like-minded individuals sharing knowledge and insights, alongside an events calendar where you can hear from experts on critical topics that can enhance your financial strategy.

We’re here to help you invest like an Champion

The stories of resilience and growth from the Paris 2024 games remind us that setbacks and planning are a natural part of any journey, whether in sports or finance. And wow, it’s inspiring to witness the comebacks and consistent improvements year after year. 

As always, we’re here to support you in building a resilient financial future. Download the Arta app if you would like to check things out on your own, or if you would prefer a human touch with more guidance, schedule a call with our member success team. We’re here waiting to meet you.