Tag Archives: Basketball

7 things Golden State Warriors can teach us about personal finance

 

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Congratulations again to all GSW fan for putting a good fight right now even we lost in the biggest stage (NBA Finals) that doesn’t mean we never learn. They are back to back Western Conference NBA Champion and won multiple awards for their organizations this year. That doesn’t stop there but they also made another history by beating the Chicago Bulls 1995-1996 historic run of winning 73 games out of 82. That record was unbeatable for the last 20 years. Is that a stroke of luck or there’s a formula for success in making things happen?

 

These are the recipe in order for you to replicate the success that you had yesterday without the following are a clueless wanderer on how to make things happen.

 

You got to have big why – Whenever they were asked what’s their yearly goal, the team consistently says “we want to win championships and break barriers”, with that answer, that propels them to drive the team to do the things they need to do. The Golden State Warriors teaches you to be reminded why you need to save, invest and have insurance. They also gave you insights that you need to keep on paying your mortgages and the reasons you need to put money on your mutual funds or retirement funds. If you want to win, you need to think with clarity why you need to monitor your finances and that will solve bigger issues.

 

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You need a coach – When they started the season, head Coach Steve Kerr was not there to simply take care of his team full time but when the Golden State Warriors won their first 24 games, everybody was getting crazy. It was Luke Walton the assistant coach, secondary to Kerr was responsible in pushing those hard buttons early this season.  Having a coach increases performance since there’s accountability partner behind you, a coach should increase your awareness and help you bring into your consciousness all those existing issues that you have in your finances. They aim to simply make you progress on your finances in long-term not just acquire products that doesn’t fit to your goals and risk profile.

 

OAKLAND, CA - MAY 10: Stephen Curry of the Golden State Warriors poses with his back-to-back NBA Most Valuable Player Awards following a press conference at ORACLE Arena on May 10, 2016 in Oakland, California. NOTE TO USER: User expressly acknowledges and agrees that, by downloading and or using this photograph, User is consenting to the terms and conditions of the Getty Images License Agreement. (Photo by Ezra Shaw/Getty Images)

OAKLAND, CA – MAY 10: Stephen Curry of the Golden State Warriors poses with his back-to-back NBA Most Valuable Player Awards following a press conference at ORACLE Arena on May 10, 2016 in Oakland, California. NOTE TO USER: User expressly acknowledges and agrees that, by downloading and or using this photograph, User is consenting to the terms and conditions of the Getty Images License Agreement. (Photo by Ezra Shaw/Getty Images)

 

You need to play like an MVP – Curry keeps on doing a lot of crazy things in the court but the secret to it is his preparation and the way he lead his team will also reflect the outcome of their game.  He plays like an MVP, by breaking every stone wall, doing crossovers, dribbling in style and making sure her daughter present in the post conference haha. Every single day you should wake up with the mentality of getting things done, be assertive in your finances and play the whole 48 minutes of the game. If you are currently in debt, learn to hustle more and rebound from those old mistakes and put your best in the field.

 

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You need to prepare – When Curry and the rest of the team have this pre and post conference with the media, they keep on telling everyone about their mentality. “We need to be hungry and never settle from what we have achieved” That’s absolutely correct, when you are hungry, you are unstoppable. You better understand that you got money and if you won’t take care of it, you will surely lose it but if you are hungry to help more people and prepare for the worst it will prevent you from fatal disaster. You need to be serious with your money coz others (big companies designed their marketing to lure you) are serious to take that away those hard earned moolah that you have.

 

 

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You need to defy the odds – A historic run of 73 wins is another record high. A back to back champion is another one.  1st time in the history of NBA there’s a unanimous vote for MVP was another milestone for this organization. They started to believe and execute things daily and got the reward. You can also achieve it by deciding to win today.

 

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You need a great team- Golden State Warriors got plenty of guys to choose from especially when they’re shooting percentage is too low. They got their bench take over when Curry and Thompson also known as the splash brothers are missing a lot of shots, their bench are the one who is solving the gap and defense. In your finances, you should have a team who can help you grow but if those people who are with you are dragging your savings, making your investment go low then you might need to reconsider joining their gimmicks.

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You need to have an effective system – Basketball is all about system, the Warriors won their first 24 games and became the champion again since they have an effective routines, when it comes to your finances, I would recommend you to double check the things that’s working and not. Whenever you use your time, you need to make sure that there’s always a return of investment. Don’t just focus on passion but also focus on your routine. Gretchen Rubin said that your habits are the invincible architecture of your life.

 

The playing style of Warriors is like an army or a navy seal; they adapt, adjust and respond. They have core mentality that in order for you to win long-term, you need to let that ego out from the door and you will thrive more. See you again at the NBA Finals 2016-2017.

 

 

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David Isaiah Angway is a RFP and a financial consultant for IT-BPO-Banking, HealthCare Industry and Manpower Agencies. He is a conference speaker and was featured in ANC On the money, Bloomberg TV Philippines. He is also columnist at BusinessMirror, Rappler, and MoneySense magazine. He is a licensed nurse and a former Senior Fraud Specialist of the largest bank in the world, JP Morgan Chase & Co.

He is the CEO and founder of WinLongTerm Financial Consultancy, helping young urban and educated millennial (Gen Y). It sets and achieves their long-term financial goals by empowering them through behavioral finance.

For more information and concerns subscribe to winlongterm.com Facebook page or contact me at david@winlongterm.com, here’s also my mobile number 0925-787-7796

 

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