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Summary
On episode 587 of 40+ Fitness, Coach Allan sits down with Thomas Hine, founder of Capital Wealth Management and author of The Balanced Wealth Approach: Secrets to Living Long and Living Rich.
Tom argues that most people no longer risk outliving their money. The bigger risk is not living long enough, or not living well enough, to enjoy it. He makes the case for treating your health like a portfolio you actively manage.
The conversation covers his balanced wealth scorecard, why he tells clients to be the CEO of their own health, and the practical overlap between financial planning and health planning, including health savings accounts.
Links
- https://thebalancedwealthapproach.com
Key Takeaways
- Health span matters as much as lifespan. Tom’s core message is that people are living longer thanks to medical care, but that does not mean they’re living those extra years healthy, so the goal has to be closing the gap between how long you live and how long you live well.
- A 7-figure portfolio doesn’t help you if you’re not around to spend it. Tom has had clients die shortly after retiring or even before retirement, leaving money behind that was supposed to fund a life they never got to live.
- Be the CEO of your own health. Beyond an annual physical, Tom pushes clients to track their own data (he wears an Oura ring and a Whoop strap), ask questions, and treat their health like a business that can be optimized, not just kept at an acceptable baseline.
- The balanced wealth scorecard is an accountability tool. Clients rate themselves on diet, sleep, exercise, and stress management alongside their financial goals, and Tom revisits it with them at regular portfolio reviews so health stays part of the conversation.
- Diversify your healthcare team the way you diversify a portfolio. Tom recommends layering in a massage therapist, a chiropractor, or other specialists alongside primary care rather than relying on one doctor for everything.
- Health savings accounts can cover more than most people realize. Coaches and nutritionists can qualify as HSA eligible expenses, and Tom notes many people are sitting on money set aside for exactly this kind of help without knowing it.
- Sick care and well care are different systems. Tom draws a line between doctors who follow standard of care and practitioners who focus on optimizing health before problems show up, and argues both have a role.
- Tom’s 3 strategies to get and stay well: prioritize sleep and track it, get outside for sunlight and grounding to support your circadian rhythm, and use fasting and a ketogenic approach to train your body to run efficiently on less food.
“A healthy man has a thousand dreams, but a sick man only has one.”
Thomas Hine
Another Episode You May Enjoy
Episode 588 – How to age gracefully with Gillian Lockitch
Episode Notes
Podcast: 40+ Fitness
Episode: 587
Published: 2023-04-25
Host: Allan Misner (aka Coach Allan), author of The Wellness Roadmap
Guest(s): Thomas Hine, the founder of Capital Wealth Management in Connecticut with over 30 years experience in the financial services industry, The Balanced Wealth Approach
Listen & Subscribe: Apple Podcasts · Spotify · YouTube (audio only)