Getting Your Health And Wealth In Shape

Today’s Prep:

Are you feeling yourself slide into a bit of a rut? Need more tone and discipline in your life? Getting your body in shape can look a lot like getting your finances in shape.

 

Equipping Points:

Like getting a personal trainer at the gym, getting in shape with your financial planning is vital to your well-being. Let’s talk about the many parallels between getting into physical and financial shape.

When you are learning what to do to improve your fitness, you may turn to several sources of information. The knowledge from a book might help, but it’s not going to give you everything. Having a trainer can make a significant difference when it comes to your health, just like having a financial advisor may help you overcome the hurdles toward financial success.

If you do something incorrectly you could exasperate problems instead of helping yourself. Things like a wrong yoga move or an error on your taxes could come back to hurt you later on.

If you sit down with a trainer, the first thing you’ll do is outline your goals. Do you want to lose weight or build muscle? Likewise, with a financial advisor, do you want to travel in retirement or leave more of a legacy? Knowing your goals helps the trainer or advisor craft a plan that works for you.

Ever hear the expression, “abs are made in the kitchen, not the gym”? It means you need to have both the physical regiment and the discipline to do the right things with your nutrition. Likewise, in your retirement plan you need the discipline to stay on track, even when your investments don’t look great. Markets are always up and down, but over the long-term, these things tend to work themselves out. Advisors can help provide the strength and support you need to keep your behavior in check when it comes to making financial decisions, which can really pay off in the long run.

Are you ready to hit the gym and tighten up your core? How about meeting with an advisor and refining your retirement plan?

Listen to the full episode to hear a financial pep talk from an advisor or click on the timestamps below for a specific segment.

2:05 – You can’t just read a book and know all there is to know.

4:04 – Doing it on your own and doing it poorly could make things worse.

5:04 – Start with some goals.

6:56 – Don’t counteract your progress with bad habits.

8:35 – Think about the long-term and the value an advisor may bring.

 

Related Resources:

Answering The 401(k) FAQs

How To Handle Financial Pain Points in Retirement

 

Today’s Takeaway:

[spp-tweet tweet=”Health is just as important as your wealth. You definitely want to work with somebody if you can. Sometimes working with somebody is going to help you that motivation to do what you need to do.  –Eric Peterson“]

More From Eric:

The host: Eric Peterson - Contact - Call: (515) 226-1500

Subscribe To The Podcast:

Apple Podcasts  -  Google Podcasts  -  Spotify  -  Stitcher  -  iHeartRadio  -  TuneIn

Check out some other recent episodes

What 400+ Advisors Say Really Keeps Retirees Up at Night

April 3, 2025

What are Americans really concerned about when it comes to retirement? In this episode, we unpack the results of an insightful survey from Financial Advisor Magazine, which was completed by over 400 financial advisors. We’ll also compare these answers with the real-world concerns we hear every day from the clients in our own practice.

Read More

Bracket Busters and Stock Flops: The Risky Game of Picking Winners

March 27, 2025

March Madness is here, and just like filling out a bracket, picking individual stocks can feel like a thrilling gamble. But the odds of winning big are slim. In fact, history shows that most stock picks, like most brackets, end up busted.

Read More

Are Hidden Fees Draining Your Retirement Savings?

March 20, 2025

In this episode, Eric reveals the true cost of investing and how to protect yourself from unnecessary financial drains.

Read More

What Game Night Can Teach Us About Financial Planning

March 13, 2025

In this episode, Eric breaks down the surprising financial lessons hidden in classic board games, offering valuable insights to help you navigate your retirement strategy.

Read More

Mailbag – Upsizing, Financial Advisors & Business Owner Planning

March 6, 2025

Join us as we answer questions about the challenges of downsizing, the emotional aspects of planning for family gatherings, and the realities of transitioning into a financial advisory career.

Read More

Planning for Unique Situations in Retirement

February 27, 2025

While many face the same general retirement concerns, each individual’s situation is unique, requiring tailored solutions.

Read More

Planning for Kids, Grandkids, & Your Future

February 20, 2025

As many nearing retirement age are discovering, adult children and grandchildren can significantly influence financial strategies, making it crucial to understand how to navigate these relationships effectively.

Read More

Financial Planning Conversations for Couples

February 13, 2025

This episode is focused specifically on that planning we do with couples with insights on how we help them navigate tricky conversations about money and retirement.

Read More

Is Your Retirement Based on Wishful Thinking?

February 6, 2025

Many people fall into the trap of wishful thinking when it comes to what they expect will happen in retirement, but a successful retirement isn’t built on hope and assumptions.

Read More

Spending With Confidence in Retirement

January 30, 2025

Eric shares strategies to help retirees enjoy their savings while ensuring financial security.

Read More

Leave a Comment