Five lessons for investors from Michael Phelps’ Olympic triumph

Do you have the vision, determination and commitment of swimmer Michael Phelps? You might not have his 6′ 4″ tall frame and dolphin-like body, but even as investors we can learn from his stunning achievements.

I let go of my Olympic dreams when medical complications sent me to hospital aged 18. Before then, I’d been a fairly promising sprinter and was also testing my ability over middle distances. After, I was grateful to be able to walk around without pain. My hopes of becoming a competitive athlete were over, but I’d learned not to take anything in life for granted. It might be one reason I’m so happy to save for tomorrow rather than spend more than I earn today. I enjoy the little things, and live for the big things.