The Offensive And Defensive Strategies For Financial Health

Chris Brady and Orrin Woodward compare finances to American football.

No team can win on offense or defense alone, but many proclaim the defense is the key to winning games.  That is because you might be able to score a lot, but if you can't stop your opponent from scoring, then your offense won't do you much good.

Your Defensive Game Is How You Maintain Your Money, And Your Offense Is How You Acquire Greater Wealth

Your finances are like sports; you have an offensive side and a defensive game to how you handle money. Your financial defensive game is how skilled you are at keeping what you make.  For example saving 10% of every paycheck is at the core of the financial defense.  Additionally, your offensive game is about investing in You Inc. 

You are your greatest investment; which is why increasing your learning will bring high dividends and earning potential.

Financial defense is approximately 60% of the game strategy.  Making a lot of money might be relatively easy for you, but what happens if you can't hold on to most of it? Celebrities are especially good with making millions and then blowing it all on extravagant purchases. They are not better off than someone with much less stuff but a lot more cash.

These celebrities had a horrible defensive game, even though they have an impressive offensive game.

What Are Some Good Defensive Strategies?

Follow The 24-Hour Rule and Delayed Gratification For A Strong Defensive Game

  • Live the 24-hour rule: Wait 24 hours before purchasing anything over a predetermined dollar figure, and do this even if you can afford it. This financial practice will help you be less impulsive with your money. Also, don't fall for the sales trap, where you buy something because it is on sale because you want it but don't need it. For example: If you are shopping and find something around $25 that you want but didn’t plan on buying, you must wait 24 hours to purchase it. You might have the money for it, but you wait anyway until you have time to think about it.
  • Practice delayed gratification: Chris Brady and Orrin Woodward have a unique way of thinking about delayed gratification that you will not hear anywhere else.  They teach delayed gratification is waiting to buy something even though you CAN afford it.  Most people will tell you to save until you can afford it, and then buy it, but Chris and Orrin suggest you keep on waiting for a while even though you have the money to buy it now.

Ultimately, financial success is determined by how much money you keep, not what you make.

Your greatest offensive strategy is investing in yourself through education. Knowledge is your greatest asset. Knowledge is something you can take anywhere, even if you lose everything. Therefore, buy all the books and information products that you can.

Invest in yourself with Financial Fitness: The Offense, Defense And Playing Field of Personal Finance by Chris Brady and Orrin Woodward.


Everything on this website is for informational purposes only. This information is not a substitute for medical advice. Do not use the information on this website to diagnose or treat any medical condition. Always consult with your own medical professional. All links are affiliate links and I earn a commission if you purchase from these links.

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