On Health, Wealth, and Focusing on the Basics

Updated: October 19, 2022

I get asked for investment advice often. Usually, those who consult me are people who recently received a large amount of money and don’t know where to put it.

It’s easy to just recommend the stock market or pooled funds to them but I don’t, because I believe such financial decisions should be based upon each individual’s goals and unique circumstances in life.

So I try to get to know them better before I give any advice, and it’s too common for me to discover that most of them don’t even have an emergency fund to start with, and thus making any investment suggestion dangerous and unnecessary.

Because when they suddenly need money, their only source of funds would be the investments, which might not have had enough time yet to grow.

Frequently, people seriously think about money management only when they are in deep financial trouble, or in this case when they suddenly get a large sum of cash.

When your finances are neither good nor bad, people tend to just course through life hoping that no financial disaster or emergency happens along the way.


Don’t just trust what you see and feel

I have a friend who looks healthy, but despite his well-built frame, he has hypertension.

He doesn’t exhibit any symptoms and he feels totally fine; then one day he had a mild stroke that gave him a wake-up call to his poor lifestyle.

My friend spends a fair amount of time exercising, but his bad diet, frequent drinking, and stressful work schedule have compromised his health – slowly but surely – over the years.

If he had only taken the time to get regular medical checkups, then he could have managed his rising cholesterol level and bad lipid profile earlier.

So why am I telling you this? Because our financial health is the same.

We often wait for symptoms to arise or cash emergencies to happen before we take the necessary steps to manage our finances.

Just because things are going seemingly smooth for us doesn’t mean we’re not headed towards a financial disaster.

It requires a regular study of our cash flow, analysis of our assets and liabilities, and an examination of our financial habits, to factually conclude if we are financially healthy.

First, focus on the basics

My friend is now living a healthier lifestyle, and working towards finishing a triathlon by next year.

It’s a big goal, that can only be achieved by starting with the basics – a balanced diet and regular exercise.

Those are his focus now, and once that becomes a habit, he can progressively move towards building his skills, strength, and endurance for the triathlon.

We all want to retire comfortably rich in the future.

But that can also only be achieved by focusing first on the very foundation of wealth – making sure that we do not spend more than what we earn.

Start with learning the habit of saving, and ensuring that you have adequate financial protection; once this is done, you can now progress towards investing and finding ways to leverage your time and money to build your wealth faster.

That’s how it is properly done. That’s how it should be done.

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Photo credit: sunilchawla


  1. Then idol Fitz, I would like to add here also to fix the mindset about these matters, because if people just want to be healthy and wealthy but does not want to change how they think about it then there are chances that they won’t succeed, so invest also on how you think to succeed on these aspects. 🙂

  2. what investments gives compound interest? I have a hundred k and I want to grow it for my 4yr old college education.pls help.thank u

  3. Thanks for this post… very informative, as always… I agree that before working on a bigger goal, start small -educate yourself with the basics so you know more or less the risks of investing. Also, I would just like to add that emergency fund for your family is very important. So before risking the money to an investment promising a higher return, save money that can be easily withdrawn in case of unlikely events.

  4. Agreed with this one. You can be a great investor or have a high salary, but if you don’t have a sound financial lifestyle and the self-control to stick with it (the FOUNDATION of wealth), it’ll be like trying to build a castle on top of a house of cards.

  5. Thank u sir for all this helpful articles.may I know which investment can give me a compound interest? I have a 100k sitting in savings account which I plan to invest for my 4yrs old college education.But I’m a little scared,I earned this by scrubbing toilets! 😀

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