Most people, especially those in the retirement industry, forget that there are TWO steps to prep for retirement.
Tom Hegna, author of the book "Don't Worry, Retire Happy" tells a story about the first step of retirement planning - having enough money.
A couple is driving through the desert. 🌵 They’re having a great time until they notice their gas tank getting low. With a sinking heart, they realize they’re not going to make it to the next town.
In his analogy, the gas is the money they saved for retirement. Not having enough creates stress as they know the end of their resources is coming. That's followed by disappointment because their fun trip is over when they run out of out of ‘gas.’ ⛽️
Taking this analogy one step further...what if the couple has a full gas tank and even a little pull behind trailer full of gas cans? They have all the gas they need to go wherever they want. But what if their car breaks down?
What if they get a flat tire or their engine oil springs a leak? Then smoke starts billowing out of the front end & the car overheats. What then? They have plenty of gas, but no vehicle to get where they want to go. 🚘
In this case, their car represents their health. The couple has been so focused on having enough gas (wealth) for their trip that they neglected making repairs on their car (health). The result is stress & disappointment. They know it’s too late to repair the rusty frame and dry-rotted tires. They’re stranded.
Moral of the Story
There are TWO steps for retirement preparation.
Step 1 - fill up your gas tank (wealth)
Step 2 - take care of your car maintenance (health)
You won’t get very far without BOTH.
Just as people need help from a financial advisor to prepare for their financial future, many people need help preparing for the future of their health. Consider working with a ‘wellth’ advisor (I know a good one).
My online wellness coaching program, the Wellth Academy™ is designed for smart investors who want to shed extra weight, shrink their waist, and reduce their number of risk factors so they don't get stranded on the side of the road. You can learn more about it HERE.
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