Get Fit – Financially and Physically

Recently, while pedaling away on my elliptical machine and flipping through TV channels, it suddenly dawned on me how similar the fitness industry is to the finance industry.

How many of you have seen an infomercial telling you that you can lose weight in just 5 minutes a day? Really?  How is that possible? And how many of us have seen products promising to build wealth quickly and without risk? Well, success in fitness and finance isn’t easy or instantaneous (lottery winners aside), but can be earned with hard work and time. Just ask your trainer or financial advisor. The best methods to get fit are straightforward, disciplined and geared for the long-term. It’s a lifestyle change. Here are 4 tips to get you moving towards attaining a physically and financially fitter you.

Start TODAY!

Why wait another day to go for that jog or quit smoking? And at the same time, why wait to start saving for your retirement? Time is truly your best friend when it comes to saving for your retirement. If you started saving just $100 per month, you could have $1 million in 44 years!1 Every little bit helps, so get out for that walk today and start deferring to your retirement plan.

Mix it up! Balancing act!

Fad diets don’t work! A restrictive diet can be hard to stick with long-term and oftentimes, you stop seeing results. But a balanced diet is usually a better option and can become a way of life. Just as we balance our diets, we can also balance our portfolios. A portfolio of just the latest and flashiest stocks may not adequately prepare you for retirement, but a variety of stocks and bonds from all over the world might help you build your nest egg.

Long-term Success

It’s all about maintaining a healthy, active lifestyle, which may help you increase your longevity and overall quality of life. Also, I know some think of exercise as something to do to look better, but exercise is also important to our brainpower. “Scientists have discovered that exercise appears to build a brain that resists physical shrinkage and enhances cognitive flexibility.”2 Amazing! Similarly, the benefits of hard work and discipline can be seen from a financial point of view. Shape up your financial physique by working out a financial plan that’s right for you and stick with it. A comprehensive financial plan can help provide you with a sound financial life and future.

No Such Thing as “One Size Fits All”

After consulting with a professional, a plan can be drafted that is specific to you and your goals.  Choose the route and the tools that are best for you and also built to get you where you want to be.  We are all individuals, so keep in mind that a solution that is right for someone else might not be right for you.

We wish you all long, financially and physically fit lives!

Wipfli Financial Advisors, LLC (“Wipfli Financial”) is an investment advisor registered with the U.S. Securities and Exchange Commission (SEC); however, such registration does not imply a certain level of skill or training and no inference to the contrary should be made. Wipfli Financial is a proud affiliate of Wipfli LLP, a national accounting and consulting firm. Information pertaining to Wipfli Financial’s management, operations, services, fees and conflicts of interest is set forth in Wipfli Financial’s current Form ADV Part 2A brochure and Form CRS, copies of which are available from Wipfli Financial upon request at no cost or at Wipfli Financial does not provide tax, accounting or legal services. The views expressed by the author are the author’s alone and do not necessarily represent the views of Wipfli Financial or its affiliates. The information contained in any third-party resource cited herein is not owned or controlled by Wipfli Financial, and Wipfli Financial does not guarantee the accuracy or reliability of any information that may be found in such resources. Links to any third-party resource are provided as a courtesy for reference only and are not intended to be, and do not act as, an endorsement by Wipfli Financial of the third party or any of its content or use of its content. The standard information provided in this blog is for general purposes only and should not be construed as, or used as a substitute for, financial, investment or other professional advice. If you have questions regarding your financial situation, you should consult your financial planner, investment advisor, attorney or other professional.
OneBite Editorial Staff

OneBite® is a Top 50 Financial Advisor Blog powered by Wipfli Financial Advisors. Founded in 2011, the digital magazine is dedicated to providing intelligent, in-depth coverage and analysis of the top financial and economic issues facing investors today.

1 Comment

Comments are closed

Get Fit – Financially and Physically

time to read: 2 min