Comparing comprehensive health with comprehensive wealth

When the rich & famous decide to make a radical transformation to their health (usually after let’s say a heart attack), they turn to Dr. Mark Hyman. Dr. Hyman has been known to get incredible results for his clients, yet still keeps his message quite simple. He says your health consists of 4 main areas and you need to make common sense adjustments in all areas, not just one, in order to be truly healthy. His 4 key areas are nutrition, exercise, stress, and relationships. He keeps his message simple by saying if you want to live a healthier life, you need to:

  • Eat less
  • Move more
  • Stress less, and
  • Love more

Sounds simple enough right? Of course behind each bullet point there is years of research, different experts to consult with, etc. etc. But that doesn’t take away from the fact that small changes in multiple areas can have a compound effect.

fruits and vegetables representing healthy finances

What does any of this have to do with financial planning?

Your wealth is very similar to your health. It’s not just one thing and it can’t be determined with just one number. Our approach to wealth management is very similar to Dr. Hyman’s approach to healthcare. We think holistically and advise in multiple areas, while at the same time trying to keep things simple. So here is my version of a simple message to improve your finances:

  • Spend less
  • Save More
  • Diversify Your Investments
  • Minimize Taxes (legally of course), and
  • Plan Ahead

Just like with your health, there are years of research and complicated strategies behind each of these simple bullet points. Like a great doctor, a great financial planner can help you with each of these areas. And the best part is that most people don’t need to make big changes in one area, but rather small changes in several areas. The compound effect of small improvements over time may yield huge results!

The best part is that most people don’t need to make big changes in one area, but rather small changes in several areas

At Summit Wealth & Retirement we are here to help. When you decide to make a radical transformation to your wealth, give us a call!

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