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.

(Click the featured times below to jump forward in the episode)

 

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:

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

Why Eric Loves Working as a Financial Advisor

October 22, 2020

Why does Eric do what he does? What’s his history and what are his passions? Find out on today’s episode of the podcast.

Read More

What Goes Into a Customized Financial Plan?

October 15, 2020

Why should you have a customized financial plan? What do you need to consider and what goals help you build an outline for your plan? Join us as we talk about what goes into the process of setting someone up for a secure future.

Read More

Things That Don’t Matter…Until They Do

October 8, 2020

Certain financial documents might seem like they can be put off for now. But when you need them, it’s important to be prepared ahead of time! Do you have all of these things in place?

Read More

Uncommon Sense in Financial Planning

October 1, 2020

When common sense isn’t followed, what does that look like? What common sense should we adhere to when it comes to financial planning?

Read More

Visiting the Financial Doctor

September 24, 2020

We’ve all been to the doctor at some point, so how is it like working with a financial advisor? We compare the similarities on today’s podcast!

Read More

Mailbag: Should I Withdraw from an Old Annuity?

September 17, 2020

When is a good time to withdraw from an annuity and what should you know ahead of time? Eric answers this and two other questions from the mailbag in this week’s podcast.

Read More

Heard It Through The Grapevine?

September 10, 2020

From million-dollar retirement benchmarks to presidential election fears or predictions, have you heard these through the grapevine? Eric shares what he thinks about these three financial rumors.

Read More

Is This Retirement Fact or Fiction?

September 3, 2020

Ever hear something and think, could that be true? Some of these financial concepts are fact and some are fiction–do you know which is which?

Read More

Are You Flirting with Financial Disaster?

August 27, 2020

You might feel great about where you stand financially but there’s a chance you could be flirting with disaster. We’ll tell you about three key areas where people make mistakes in their planning that can end up causing major financial problems in retirement.

Read More

How To Pack Your Financial Suitcase

August 20, 2020

When you go on a trip, a lot of times it helps to refer to a packing list to make sure you have everything. When putting together a financial plan, do you have everything in order? Let’s talk about what you need to put into your financial suitcase.

Read More

Leave a Comment