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Health and Wealth: Maximizing Your Potential for a Balanced Life

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January 26, 2025

Maintaining balance between health and wealth is vital for a fulfilling life. Whether you are excelling in both areas or striving to improve one, the choices you make today shape your future. In this article, we explore how to optimize your resources, enhance your health, and secure financial stability for a better quality of life.

The Critical Connection Between Health and Wealth

Health and wealth are deeply interconnected. Financial advisors play a crucial role in helping clients build investment portfolios that create financial security and ensure a meaningful legacy for future generations. Advisors sometimes need to guide clients through difficult conversations about saving and making hard decisions. However, one vital aspect that can often overlooked in the process is health.

Research shows that the final six months of life are among the most expensive, primarily due to healthcare costs. As individuals age, their ability to recover from illnesses diminishes. In the United States, healthcare expenditures exceed $4.8 trillion annually, outpacing inflation. Hospital care and physician visits account for over half of these costs, while prescription medications represent about 10% (Statista). Even with health insurance and Medicare or Medicaid, these expenses can be overwhelming.

Strategic Resource Allocation for a Better Future

Maximizing Financial Resources

For those with adequate resources, it is vital to allocate them wisely. Enjoying meaningful experiences, such as spending time with loved ones, embarking on long-delayed vacations, or investing in family, can provide immense satisfaction. Using financial and personal resources to make a positive impact on the world ensures a lasting legacy. After all, life is unpredictable, and no one is guaranteed tomorrow.

Affordable Ways to Boost Health

Even if your financial resources are limited, small, intentional changes can significantly improve health. Incorporate simple activities, such as walking or stretching, into your daily routine. As physical therapists emphasize, "use it or lose it." Regular movement preserves physical functionality and enhances quality of life. Adopting healthier habits, including balanced nutrition, strength training, and maintaining a healthy weight, creates long-term benefits without substantial cost.

Understanding America's Healthcare Challenges

Despite spending nearly $5 trillion annually on healthcare, the United States ranks 34th globally in health outcomes (Reuters). High obesity rates and subpar mortality metrics contribute to this ranking. While the U.S. spends almost double per capita compared to high-income European countries, it lags behind in key indicators like infant mortality and life expectancy.

This disparity highlights the urgent need to shift focus from costly interventions to preventive care and healthier lifestyles. By consulting a financial advisor, you can create a budget that accommodates preventive measures, such as fitness programs and quality nutrition, without compromising long-term financial security.

Integrating Health and Wealth for Long-Term Success

Making hard decisions today is crucial. A Chinese proverb states, "The best time to plant a tree was 20 years ago. The second-best time is now." This wisdom applies equally to health and wealth. Proactive efforts today yield long-term rewards in both areas.

Financial security involves more than saving money. It's about enjoying the fruits of your labor while planning for the future. Recognize that wealth's value lies in its ability to support your goals and well-being. And health improvements don't have to break the bank! Activities like hiking, yoga, or walking are free yet provide immense physical and mental benefits. Similarly, prioritizing nutritious food choices, even if slightly more expensive, pays off in long-term health savings. Simple adjustments can make a big difference.

Creating a Sustainable Path to Health and Wealth

Health and wealth are inextricably linked. You can't fully enjoy financial success without good health, and maintaining health often requires financial foresight. The key is building a sustainable plan that aligns current needs with future goals.

Budgeting for Dual Success

Start by creating a realistic budget that accounts for both financial and health priorities. A financial advisor can guide you in allocating funds for healthcare, fitness, and nutritious food while setting aside savings for future needs. Systematic planning ensures you stay on track without feeling overwhelmed.

Consistent Habits for Growth

Consistency is vital for achieving long-term health and wealth. Commit to small, actionable steps, like setting fitness goals, tracking expenses, or learning about investments. These habits build momentum and deliver compounding benefits over time.

Take Charge Today

The journey to a balanced life begins with the choices you make now. Evaluate your current habits, identify areas for improvement, and take proactive steps to achieve your goals. Schedule a financial review, incorporate daily walks, or adopt a healthier diet. Small changes create meaningful results. Contact us today if you're ready to take the next step toward a healthier and wealthier future! A Private CFO® can help you create a personalized plan that aligns with your goals. Health and wealth are your greatest assets. If you already have them, nurture them wisely. If not, start building today. Your future self will thank you.

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About the author

Brian Watson

Brian Watson

Vice President, Private CFO®

Brian is a true Atlanta native and graduated from Walton High School. He got his Bachelor's degree in Business from Samford University in Birmingham, AL and then his Master's degree from Beeson Divinity. He is blessed to be married to his best friend, Jen, and they have 4 amazing kids (elementary, middle and high school aged). He is active in his community by serving as a deacon at Johnson Ferry Baptist Church and helps lead their Children's Worship Service called Kid's Church. He also serves on the board at East Cobb Christian School and East Side Baseball Association, coaches soccer in the Upward sports program at Johnson Ferry and coaches baseball at East Side Baseball. And if there is ever any free time from all this, he likes to run with his dog or sit on the back deck with friends/family or just read a good book.


Securities offered through Kestra Investment Services, LLC (Kestra IS), member FINRA/SIPC. Investment advisory services offered through Kestra Advisory Services, LLC (Kestra AS), an affiliate of Kestra IS. oXYGen Financial is not affiliated with Kestra IS or Kestra AS. Kestra IS and Kestra AS do not provide tax or legal advice. Investor Disclosures: https://bit.ly/KF-Disclosures

The opinions expressed in this commentary are those of the author and may not necessarily reflect those held by Kestra Investment Services, LLC or Kestra Advisory Services, LLC. This is for general information only and is not intended to provide specific investment advice or recommendations for any individual. It is suggested that you consult your financial professional, attorney, or tax advisor with regard to your individual situation.

Background and qualification information is available at FINRA's BrokerCheck website.

Certified Financial Planner Board of Standards Inc. owns the certification marks CFP®, CERTIFIED FINANCIAL PLANNER™, CFP® (with plaque design) and CFP® (with flame design) in the U.S., which it awards to individuals who successfully complete CFP Board's initial and ongoing certification requirements.

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Securities offered through Kestra Investment Services, LLC (Kestra IS), member FINRA/SIPC. Investment advisory services offered through Kestra Advisory Services, LLC (Kestra AS), an affiliate of Kestra IS. oXYGen Financial is not affiliated with Kestra IS or Kestra AS. Kestra IS and Kestra AS do not provide tax or legal advice. https://Bit.ly/KF-Disclosures

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