You don’t have to be in the military to learn valuable lessons about discipline and risk. That said, the military can offer a lot of insights in how to invest for the long-term.
Think about it: The military trains you to identify a desired objective, implement a plan to achieve it, and launch a mission to enact that plan.
When it comes to investing, the lessons are similar. Your objective is to build a portfolio that will help you achieve the goal that you’ve set at the specific time in the future (think retirement, a down payment on a home, or a college fund).
To achieve it, it starts with planning and then following through. Keep your eye on your objective and don’t let emotions get in your way. That’s good advice for everyone.
Zach Iscol, the CEO of Task & Purpose, knows a lot about managing one’s money and career after a life in the military. He talks career, investing, and all the ways that getting one’s money life in order is more of a marathon than a sprint to the finish line.
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