- in aging , fitness , guest/interview , health by allan
How to live to enjoy your retirement nest egg with Thomas Hine
Most of us work and save our whole lives to have a comfortable retirement. In his book, The Balanced Wealth Approach, Thomas Hine teaches us how to have the health and fitness to truly enjoy that retirement. On episode 587 of the 40+ Fitness Podcast, we discuss how to put your health plan together.
Let's Say Hello
[00:02:40.370] – Allan
Hey, Ras, how are you doing?
[00:02:42.180] – Rachel
Good, Allan. How are you today?
[00:02:44.550] – Allan
Well, it's been kind of a rough week. We had to say goodbye to angel. Her nerve issues in her back and then the hip dysplasia. She pretty much declined pretty quickly and was not able to walk on her own, couldn't stand up on her own. So we would stand her up and sometimes she could move around a little, but she was so hobbled, and you could just see it on her face how miserable she was about the fact that she couldn't get out and do things. And seeing Buster go off and run around and do his thing. And Mama's going to walk Buster, and Daddy's going to walk Angel. She wanted to be with them. That's what they did. They go for their walks together. And it just got to a point where she couldn't and she knew it. And she was starting to see you could see it on her face that she just was not where she needed to be. And laying around all day long, it was causing other health issues for her, so we had to help her pass on. First time I've ever had to dig a grave for a pet.
[00:03:45.630] – Rachel
[00:03:47.050] – Allan
Well, I can say it's a pretty good workout.
[00:03:49.380] – Rachel
I can imagine.
[00:03:50.450] – Allan
Especially when you have to dig through two and a half feet of clay. So I was a little sore for a couple of days after that. Not just sore outside, but sore all the way through. So it was a tough week, but we're recovering and mourning and moving on.
[00:04:11.720] – Rachel
I'm so sorry. So sorry for your loss. It is hard to lose a loved pet. Someone's been in your family for so long. I'm sure the house has been a little bit quiet this week without her there, and my heart goes out to you.
[00:04:27.430] – Allan
Well, Buster is making sure that we stay entertained.
[00:04:31.150] – Rachel
[00:04:32.790] – Allan
He's a good dog.
[00:04:34.200] – Rachel
Good. Well, I'm glad to hear that.
[00:04:36.350] – Allan
How are things up there?
[00:04:37.840] – Rachel
Good. We have spring at least today. The weather has been great. And I had mentioned a couple of weeks ago that I was tapering for my big race, which last week I ran my big race, and now I'm in a reverse taper. I'm just taking my time getting back to running, which is wonderful. Now that the weather is turning, it's really easy just to go out there on a beautiful day like today and just get a mile or two in. I'm just taking my time and enjoying the run and the weather until I feel strong enough to get a few extra miles in at a time.
[00:05:13.680] – Allan
Awesome. Well, congratulations on that run. I know you got a PR and all that. Now you got to do the recovery, right?
[00:05:21.000] – Rachel
That's right. Yeah. Taking my time.
[00:05:23.430] – Allan
All right, well, are you ready to talk to Tom Hine?
[00:05:27.390] – Rachel
[00:06:16.810] – Allan
Tom. Welcome to 40+ Fitness.
[00:06:19.710] – Tom
Thank you, Allan. Welcome. And I'm glad to be here with you and your audience.
[00:06:24.020] – Allan
The book is called The Balanced Wealth Approach: Secrets to Living Long and Living Rich. And I think I was growing up in college and everything. I went to college for accounting, became a CPA, worked in that. And it was always the thing of you don't want to outlive your money. Most of us today don't actually have that problem. We have the other problem of not living long enough to enjoy our money. And so that's kind of what this book talks about, is finding that balance of saying, okay, build wealth so that you have what you need when you're older, but at the same time build health so you're actually able to enjoy those years. It was always kind of, I guess, a trope, if you will, where people would live, they'd work to 65, they would retire and die at 67. And I think now with with longevity happening the way it is, better medical care to keep us alive, not necessarily keep us healthy, we're living longer. And again, from someone from the financial planning, you're basically probably telling your clients you can't expect to die at 67 like people did 40 years ago.
[00:07:30.370] – Allan
You've got to expect to live to 90 or 100, and you want your money to last that long, but you want to be able to enjoy those years as well.
[00:07:37.720] – Tom
Correct. Yeah, it's about values clarification. I like to say these markets will heal, recessions come and go, but when your money recovers, will you be there to enjoy it? And there's a big talk today, as you know, about lifespan versus health span, right? It's how long you live, but how long do you live healthy? And one of my messages to my clients and your audience is you really want your health span to equal your lifespan. Right? We don't want the last ten or 15 years to be hooked to tubes and running from doctor to doctor. Not to say that doctors don't help us, but like you've said, so many other podcasts, we want to be proactive. We want to be CEO of our own health so that we try to do the best we can before the doctors have to intervene with more severe measures. So, yeah, I'd love to have people balance it. And also, more importantly, if you look at longevity and what's going on today, I heard on one of your other podcasts about Alzheimer's is type three diabetes, right? We talked about the MCT oil. We know so many more things today than ten years ago that those of us can take advantage of or at least bounce those ideas off our physicians and medical people to say, is this something I should consider for my own longevity?
[00:08:53.930] – Allan
I was having a conversation with Ras, who is my co host, so we have some conversations around these. And when I said this next statement, I got a visceral response from her, which I think is actually brilliant. It's a seven figure portfolio. Doesn't really matter if you're six foot under but you said a little differently in the book. But it's that concept of, okay, you did this great thing, you built this great portfolio, there's your big chipstack, and then you're out of the game. And the concept I wanted to take out of that was, okay, if you were running a seven figure business, you would want to run it well, meaning that the business is operating well. It's a healthy balance sheet in addition to a healthy business. So your relationships with everything and everybody you work with. And so the concept you brought up in the book was being the CEO of your own health. Could you jump into that concept a little bit? Because I've talked about being an advocate before, but I think the way you put it was really on point.
[00:09:55.040] – Tom
Yeah, thank you, and I will. One of the famous quotes that jumps out to me from doing the research was, and you'll appreciate this is, a healthy man has a thousand dreams, but a sick man only has one. Right? So the idea is, while you're building this seven figure portfolio or business, we like to say and doctors have shared this with me there's what we call acceptable level of optimization. There's an acceptable level, and there's an optimized level. So if you think about it from a business standpoint, you could have the auditors look over your books and records and cash flow and say, hey, things are going well, but these are the things you want to do to optimize your company. Whether it's R and D tax credits from my end, it's helping clients save money, convert to a Roth IRA, whatever it is in the financial planning end, when you make that parallel to health and wellness about being CEO of your own health, it's don't just go once a year to your own primary care. That's a great starting point. But add those extra measures that you would learn from podcasters like yourself.
[00:10:56.560] – Tom
Be proactive. Why? Because we know that diet, sleep, exercise, and stress reduction, those are some of the key pillars that every doctor will tell you we have to manage better. And then you add into that, what are people doing on a daily basis? I wear my oura ring all the time. That's one of the things I talk about, actually. I'm actually wearing the whoops wrap, too. I'm trying to compare one versus the other because they have different metrics. And then in addition to that, what can you do with diet, sleep, exercise? We have a lot more control, as you know, Allan, over what we eat today, right. How we exercise. I just attended a great seminar on grounding and red light therapy and EMF. I mean, that's a whole another generation of research, but we know so much more how to take care of ourselves, and yet some of us get so busy, we actually don't tender the store. And so that's what I want to remind the listener, is you actually have a lot more control today over what you eat, how you sleep, how you track it. And then don't let yourself get so busy building that mega company that you neglect your own health and end up spending all that money to recuperate the very health that you were trying to preserve.
[00:12:06.770] – Allan
Yeah, you may not know a lot about my story, but I had made it up to C suite at 39 years old as a top auditor of the company, had all the trappings of success. I had the money, the stock options, the restricted stock, the 401k, all of it. And I'm going through this process of realizing I'm completely miserable and unhealthy. I spent eight years trying to find balance in all of this, and it finally came about when I was willing to do some of the things you talked about in the book, about your own story, about how I flipped it and said I've got to spend more time on my health. And so at that point, for me, it was diet and exercise. And then once I kind of got that built up, then it was okay. Next thing is sleep, and I kind of got that zeroed in. But I felt as long as I was the C suite executive of a large company, standard Porsche 500, I was never going to hit that fourth pillar of stress management. So by good fortune or bad fortune, however you want to look at it, I got laid off.
[00:13:18.660] – Tom
[00:13:19.500] – Allan
And I made the decision at that point to not go back into corporate because I said this fourth pillar of my health is more important than me adding more to my wealth. And so, in a sense, I did my scorecard and I began to weigh the health side a lot more than the wealth side.
[00:13:44.380] – Tom
And congratulations, Allan. You're exactly right. And the challenge we all have, I just had it happen to a client six months ago. They had saved up all their money without getting the details and doing a review and dies of a heart attack. And now the spouse has all this money and no one to enjoy with the grandkids. It's nice, but not her spouse. And so you're right. But here's the thing. It's often tough. As I said in the book, mine was in the go go 1980s when they told me to quit martial arts and burn the midnight oil. And I said, luckily for me, I can't do that. It would be against the grain and against my values clarification. But it took that moment for me to realize I had to go left or I had to go right. And like you, I said, I'm going to take the turn that enriches and nourishes me. Looking back, I never regret a day. In fact, many of my peers did work themselves, ultimately either to an early grave or more importantly, to unhappiness. And at the end, that wasn't the journey they would have wanted either.
[00:14:44.060] – Tom
So congratulations to you on that.
[00:14:45.920] – Allan
Well, it took me a couple more decades than it took you to draw that conclusion, but I did eventually get there. But you have a tool that you put in your book. It's called the balanced wealth scorecard. And I know you now use this with your clients that you're counseling or advising on their wealth strategies, but you're having this additional conversation with them of what else about your health? How are you going to live well and retire well? Can you talk about your balanced wealth scorecard? Not so much. I mean, we can talk about the financial side a little bit, just so they know what's in it. But obviously this is a health and fitness podcast, so I'm not going to give them financial advice on this show other than they might want to reach out to you if they've got some money they need to manage. But beyond that, can you talk about your balanced wealth scorecard and how that's used?
[00:15:42.260] – Tom
Yeah. Thank you, Alan. And it's a joy for me because the scorecard and first of all, my disclaimer, I always tell even my clients that know me, I say, I'm not a doctor. I play one on TV and they laugh. But nothing is proprietary. Nothing violates HIPAA. They're not sharing any medical information. The scorecard is subjective, so the input comes from the user or the client. What I like to do is ask them. There's four topics on finance, which we don't really have to get into in detail, but the other four are on health, right? Hence the term balance. What I asked them is, if you were looking back over three years from now, one year from now, five years, looking back, what would you like to achieve in that space that would put you further along the line of health and wellness? And a lot of times, the first thing is, nobody's ever asked me that from a financial planning end. But what I just got an email yesterday from a client out in the Midwest, which I love. This client said, I finally got why you kept asking me about an oura ring, which she finally ordered one.
[00:16:41.870] – Tom
She said, I understand now why I said, I don't get any benefit, but it may help you and your journey on tracking, exercise and sleep. So the scorecard is designed to have them input on a score of, let's say, zero to eight or twelve on a scale on where they feel they fall. Obviously, the lower numbers mean they've not spent much time thinking about diet, sleep, exercise. The higher numbers mean, yeah, I've spent some time, but I haven't systematized it. And you and I know, based on all your great work, too, on podcast, once you create a system, it's easier to follow it, and then you can always insert something new. And so typically about twice a year, at the end of a regular review of their portfolio or their tax situation, I'll say, let's take out that scorecard. And what would you I asked them, what would you like to talk about next? One client recently got rated on his life insurance because his A1C is too high. So I said, okay. Great. What's your primary care telling you? And then what are his next steps? So that he knows, as a reminder, I'm there to coach him on, to encourage him on that step if he wants to share that.
[00:17:48.230] – Tom
So we typically use it as an accountability partner. And then for those people, Allan, that really want to do a deep dive, obviously, I have doctors that I've worked with that I can always refer them to. There's no finders fees. They can go right to these doctors and inquire and like many of your great podcasts, these people are experts in a deep dive, whether it's Alzheimer's, brain research, Parkinson's, I mean, you name it, they've all done their homework and they've got peer reviewed work in that area. But that's if somebody needs to do a deep dive more than the traditional. So it's an accountability partner, we like to review it. And more importantly, I love it when the spouses or their partner weighs in, because I like it to be where it can be a couple's thing. And as you know, when couples are both on the same page, the goals, the odds of reaching a goal are multiplied when you've got someone there cheering you on. So that's a big part of it, too.
[00:18:42.260] – Allan
Yeah, well, beyond cheering you on, it's the whole concept of, okay, if this is a lady and her husband doesn't want to eat the foods that she's eating and she's trying to commit to increasing or improving herself in this area, she's going to need his support at some level. Otherwise it's going to be a struggle. And it's not that he has to eat the way that she's eating, but at least at that point, if he's on board to help her reach these goals and understands that these are important to her, which includes she has to communicate these things to him. If you're doing that, if you're doing that, if you're communicating this, look, I've done this scorecard, and these are the things that are now kind of my priorities. They're my values. They're what I want to be. You can take that scorecard to your doctor. You can take that scorecard to your spouse or significant other. You can even share that because most of us are in our 40s. Our kids are going to be old enough 40s and 50s. Our kids are going to be old enough to understand that we want to be healthy and be there for eventually their kids having those conversations,
[00:19:44.500] – Allan
This is a really good tool to say, okay, I want to be financially secure. I want to be healthy. And so these are my priorities going into this next quarter, next year, however we want to approach it. But that gives you a great tool. And you mentioned something else that I think is really important is I don't like to talk bad about doctors. So I'm not talking bad about doctors. Please don't hit me up and say you're not listening to your doctor. Well, look, there are doctors that are in the current process that follow standard of care. They know the basics. They had the education that was necessary for them to be a doctor and do what they do, which is great. There are other doctors and very smart people who are on the other side of this. And look at this more from a well care perspective and they've raised the bar well above the sick care that most of our doctors currently have to practice. There are people out there, there are these experts, if you will, in the way that you can deal with nutrition. There's experts in the way that you can deal with supplementation.
[00:20:50.580] – Allan
There are tests that you can do that only these doctors are going to do. Because your doctor isn't going to necessarily say, just because your A1C is high, we should do a genome test so we understand if there's some genetic predispositions for that, or whether this is just something that's based on the fact that you're eating McDonald's every day and should just cut it out. Your doctor is just going to say eat better. And that's about all they're going to say. And then you got to figure that out. And then again, I'm a nutrition coach, I'm a fitness coach. And so there's people like me. I know what an ETF is, I know what stock is, I know what bonds are, I know about what is it? Diversification. I even know a lot about cryptocurrency and all those other things. Now, a lot of people don't. So they come to someone like you who's an expert to get advice so that they can optimize, so that they can do better than they could do on their own. Can you talk about how someone should go about picking an expert, knowing it, finding an expert, picking an expert and then working with one?
[00:21:55.510] – Tom
Yeah. Thank you. And also I'll give the analogy, which you'll certainly appreciate, health and wellness, just as I say in the book, when you diversify your portfolio, stocks, bonds, cash, real estate, I also mentioned diversify your health care, right. If you've been a good saver, maybe you don't just have primary care. Maybe you have a massage therapist or I say a chiropractor approved by an orthopedic surgeon. Maybe you have these other people in the background because we know that there are many different experts that can weigh in and you don't have to have pay a king's ransom for all this. I mean, a lot of these great health practitioners aren't always at the very highest end, but they have really great knowledge. But to answer the question, we believe the basis of everything should be a financial plan, right? Just the way that Chatbot, GPT and OpenAI have taken the world by storm. A financial planning software that's robust, literally incorporates long term care, Social Security, Medicaid planning, estate planning, roth IRA conversion, all the things that are important. And I often tell clients, ten years ago the software wasn't that advanced or what they call in fintech.
[00:23:04.110] – Tom
Well, now we literally get updates from the companies every week on we've changed this module because Secure Act 2.0 was passed last December, right? Or we've changed it. So number one, the basis of everything should be a financial plan, number two, and that's easy to do. But the second thing is the plan should be reviewed a couple of times a year when life conditions change. And that's where we add that balanced wealth questionnaire at the end or what do they want to do on that. But the third thing to remember is along the way, the government is really forcing people through this Secure Act 2.0. They want people to take more money out and get taxed now because we know the government sadly, is broke, right, the deficits, and I'm not blaming one party over the other, they both contributed to it. So our government is going to be reaching into your pocket, Allan, and your listeners and my pocket. Not that we don't want to help the government to protect us and there's some good things the government can do, but there's also some inefficiencies, right? And I tell my clients, if you don't do the right tax and financial planning, you're volunteering to give more money to the government rather than doing the right amount for your fair share.
[00:24:12.240] – Tom
So financial plan, a review on top of that. And ultimately, even though people are in their 40s and 50s and relatively young, I still want them to get a Will durable power attorney. I've had too many stories and I know you probably have known people who died unexpectedly and all of a sudden their spouse or their kids are left with a situation where you got to go through probate, which is basically salt in the wound of that. So we believe that's part of a traditional financial plan as well.
[00:24:40.560] – Allan
Yeah, well, I live in Panama country on an island. So yeah, when people pass here, it's fun. It's fun. And so one of the things I wanted to bring up, because you are a financial planner and coach, but the health savings accounts, I think what a lot of people think is, well, this is when I go to my doctor and I have to pay the deductible, I can use that against my health savings account. If he gives me a prescription and I have to pay for part of that, that goes against that. Certain other things that I would buy for my health would be in that. But what about things like coaches and nutritionists and things like that? Those are included in that whole model as well, aren't they?
[00:25:25.540] – Tom
They are. And the key thing about it I'm glad you brought that up, a lot of people don't know they've got, I'll never say free money, but money set aside for coaches and people like that, absolutely, it's allowed. And I suspect even more. This is where people really want to get in the nitty gritty of their planning. If you're smart about your own 401k, and we can't get into details here, but what they call Roth conversions and all, you can generate tax free money and retirement that can also be used to pay for these services. So a lot of people, if you're listening and you're over the age of 60, you might think it's too late. No, it's not necessarily too late in your 40s and 50s and still adding the HSA accounts are absolutely one way to do it. To allocate to that. It's a smart move
[00:26:09.910] – Allan
because I had a client and she's like, I need you to do these jump through these little hoops for me, and I can claim this on my HSA. And I was like, cool. And it saves her some tax money, too.
[00:26:22.170] – Tom
Yeah. And I would also share Allan, although I'm not a tax expert, but this is something for your audience, because a lot of times a little bit of research goes a long way. One of the reasons why I enjoyed writing the book for my current and future clients is I am and my accountant blessed that I'm able to expense this healthcare R and D research, because it's not just about me, it is for the benefit of my current and future clients. So I cleared it with him before the book even got published, and he said, it's your line of business. So for your audience, if people love what you do and others, and you can make it part of your business and integrate it, then you have the ability to ethically and legally deduct these expenses as part of R and D and all, whether it's for you or your training clients or your coaching clients. That's certainly within the purview of what's allowable under the IRS law.
[00:27:11.610] – Allan
Tom, I define wellness as being the healthiest, fittest and happiest you can be. What are three strategies or tactics to get and stay well?
[00:27:21.150] – Tom
So the three that I like to focus on, and the big one is sleep, right? There's no question every book's been written about it. There's some great ones about sleep. And again, whether you use your Apple Watch, I like to use the oura ring. I have no investments in these companies. I'm just sharing what works. But I love to be able to track the deep sleep, the REM sleep, your HRV, all these critical aspects of it. And if. You don't know all the details. There's plenty of websites. I know some of your podcasts have covered that. So number one, and I just listened to, by the way, a very well known military expert give a talk on another webinar and they asked him regarding all of the challenges in school violence and all that stuff like what's the one thing people can do to take advantage of being alert and responsive and healthy every day? And this is a military person. He said sleep. Sleep is the thing that people really need to focus on. So that thought that was fascinating coming from a lieutenant colonel. The second thing, clearly I would add, and I've done more of this work out in the last month, is this idea of circadian rhythm, sunlight, grounding.
[00:28:28.630] – Tom
The fact is, a lot of the way we evolved over 10,000 years and more was a lot of our artificial light. Today we're in buildings a lot. The research has clearly shown that if we get back to nature and where you are is a perfect place to get back to nature, right? And they said the blue zones, a lot of people in the blue zones around the world, guess what? Outside, near the beach, near the ocean, near the sand. So I think a second one is just be mindful of how many hours you spend indoors versus the natural sunlight and the circadian rhythm. I'm learning a lot more about that for me. So when I have my travels and I think the third thing is, for me, it's been again, I'm not a nutritious like you, but clearly the keto diet has been I didn't come into my program a lot of overweight. But I dropped a lot of weight doing the fasting and keto diet, and I realized I could live on a lot less calories and have the energy. The key thing is, as you know, is training your body to burn to that glucose before you get to the ketosis stage.
[00:29:30.960] – Tom
And a lot of people never can get over that hump because there's social challenges. I'm sure you know this, friends and family and people stop in and you're like you can't tell everyone that you're fasting all the time, right, because you got to eat meals. But I found that if you can work around that, those are the three things that have helped me now. A year from now, I may change them up a bit. But those are the three that I found that keep me on a mindset of health and wellness and more importantly, allow me to be CEO of my own health and not sit there and be frustrated by schedule changes, airline delays, or whatever's going on in the world.
[00:30:06.930] – Allan
Well, Tom, the book is called The Balanced Wealth Approach: Secrets to Living Long and Living Rich. If someone wanted to learn more about the book, more about you and what you're doing, where would you like for me to send them.
[00:30:19.100] – Tom
Thank you. Yeah, it's thebalancedwealthapproach.com. It's literally the title of the book.com. And they can learn about the book. There's a questionnaire, there a scorecard they can fill in, and then that can begin their journey, as we like to say, we can bring you to the door of health and wellness. We can open the door, but they have to walk through that door. And the great work that you've done, listen to people and the experts that you have on. And I'll continue to gather information from my clients because I think this is just the first inning of what's going to be a great long term run for all of us.
[00:30:53.730] – Allan
Great. Well, you can find that episode at 40plusfitnesspodcast.com/587. Tom, thank you so much for being a part of 40+ Fitness.
[00:31:03.870] – Tom
Thank you, Allan. And thank you very much for sharing some time with me. I enjoyed it immensely.
[00:31:17.370] – Allan
Welcome back, Ras.
[00:31:19.010] – Rachel
Hey, Allan. This is a topic that we've talked about a little bit lately. It's so important to just like Tom said, be the CEO of your own health. I mean, when you prepare for retirement, there's more to retirement than just having enough money to live on. You need to have the health to take you through those retirement years.
[00:31:39.330] – Allan
Yeah, that whole live part.
[00:31:41.490] – Rachel
Yes. That's pretty key.
[00:31:46.450] – Allan
Yeah. I think a lot of people look at retirement and they're like, okay, did I save enough money to last? And how long am I going to be here? We started it years ago, probably most of us. Put a little bit away in your 401k, do a little bit here, do a little bit there. And then as you start getting into your forty s and fifty s, you really start thinking about socking away a little bit more, pushing up that amount so that you're kind of building this portfolio. But so few people think about their health and fitness in a similar light of, what am I investing today for my health and fitness? And it's time. It's effort and sometimes money when you need that assistance and accountability. And so few people are doing it, they're sort of just coasting along and it's like, ho hum. And it's sort of like, I guess I'm going to work for the rest of my life kind of mindset. But that won't be nearly as long as you think if you're not taking care of your health and fitness.
[00:32:48.560] – Rachel
Oh, that's so true. Just to play devil's advocate here, I can tell you that in my 20s, I was also focused on my career and didn't have to think too much about my health. In my 30s, when I was having kids and raising young children, my time and attention was focused on them, and my husband Mike was focused on his career. So it's like years tick by before we really even needed to think too hard about our health. And then before it's too late, you want to get into that. It's just important to maintain that focus. And it's better in your younger years. It's easier to start a running regimen or a weightlifting regimen or any sort of program when you're younger and healthier and you can bounce back faster.
[00:33:37.040] – Allan
It is easier to be fit and stay fit. So maintenance is an easier way than starting later in life. But the point being is you can. It's the whole point. They'll tell you it's like, don't think you've lost it. You can still be putting money away for your retirement now, whatever you can. And it's sort of the same thing with fitness. It's like what you can with what you have right now, because every little thing you do, every little investment chips away and puts a little bit in that bank to make you healthier and make you more fit. And so as you start looking at not just how you want to live that other part of your life, the second half or the rest of it, however you want to line that up, basically, what quality of life do you want to have? What do you want to do and enjoy? You know, I've talked about my grandfather, 80 years old, had to quit playing golf because he couldn't. And he kept living. He kept living, and he lost the most important thing in his life, which was golf, and he lost it, and he lived for another 15 years.
[00:34:45.610] – Allan
As you kind of look at this and say, I want the life and I want my retirement money to last as long as I live. But you should also want your health span to last as long as you live.
[00:34:57.920] – Rachel
Oh, gosh, yeah.
[00:34:59.220] – Allan
Because I can't even imagine sitting there and withering away.
[00:35:06.320] – Rachel
[00:35:07.250] – Allan
As an older, frail person losing independence, looking at that jar of pickles I bought that I can't open and waiting for someone to come by and open it for me, not being able to take care of myself. I can't even imagine spending years, potentially years and years of my life in that state. But if you're not doing something today, you're setting yourself up for stuff just like that.
[00:35:35.040] – Rachel
Oh, for sure. It's so easy to get busy and focus on our careers. But what's going to happen when you don't work anymore, when you actually quit work to be retired, and you've got all this time on your hands, and what are you going to do?
[00:35:50.510] – Allan
We're going to go to the Mediterranean and do these hikes, and we're going to go to Machu Picchu and do that thing, and we're going to do all those things right, but then we're not doing anything now. So it's like you get to 65 and it's like, wow, I can't walk up the stairs without getting winded. There's no way. And then, yeah, you go on that cruise. But leaving the cruise ship. Someone's got to drive me to the top of the volcano because I can't walk there. So now it's not the same experience, it's not the same as what you thought. And it just becomes harder and harder because you're just not doing the things necessary to be ready for those. So if there's something about your retirement that excites you, start working on it right now. Yeah, it's the whole thing. It's like, yeah, I'd love to do these cruises and do this thing. Well, you got to save the money for it, right? Well, it's the same way you've got to build your stamina and your energy and your strength to be able to do those things and enjoy the life that you are meant to enjoy.
[00:36:49.760] – Allan
You worked hard, you worked hard your whole life to save for that retirement. And as you said, seven figure portfolio and you're 6ft under is not the plan. So you got to start doing things on both sides. But health and fitness is probably an area where many of us might have be falling short. We're probably saving plenty of money in our 40s and 50s because we know it's coming. We a little bit behind the curve on this stuff, but we're doing it. And this is the same way. Start investing the time and the effort and in some cases money to get where you want to be.
[00:37:24.880] – Rachel
Yeah, for sure. That sounds great.
[00:37:27.630] – Allan
All right, well, Ras, I will talk to you next week.
[00:37:31.410] – Rachel
Great. Take care, Allan.
[00:37:32.950] – Allan
[00:37:33.880] – Rachel
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