Relationships as a Compounding Asset

#253: My top 10 takeaways from a retreat for high-net-worth investors, which will cover investing, managing risk, investing in your health, building meaningful relationships, parenting with purpose, and defining success in a way that goes far beyond money.

Tad Fallows is the co-founder of Long Angle, a private community for investors with more than $2.2 million in assets. He previously co-founded iLab Solutions, a global leader in cloud-based lab management software, which was acquired by Agilent Technologies.

Link to Full Show Notes: https://chrishutchins.com/10-lessons-wealth-health-happiness

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Full Show Notes

(00:00) Introduction

(02:01) Why Health Is Your Most Important Asset

(04:13) How to Become Your Own Health Advocate

(08:14) Different Ways to Invest in Fitness and Accountability

(12:27) Relationships: The Ultimate Compound Asset

(14:03) Why Adult Friendships Are So Hard to Build and Maintain

(16:05) Reclaiming Time for Relationships and Family

(17:15) The Power of Intentional Travel

(20:43) Lighthouse Parenting: Why You Should Allow Your Kids to Struggle

(25:01) Learning From Your Kids’ Limitless Imagination

(25:56) A Simple Exercise to Expand What’s Possible in Every Area of Life

(28:47) Redefining Success and Purpose

(34:09) Defining Your Objective to Simplify Complex Decisions

(38:44) How to Think About Managing Risk

(43:28) Diversifying Beyond the S&P 500

(47:53) Two Spectrums of Diversification and Liquidity

(50:38) The Danger of Over-Optimizing

(52:14) Why True Wealth Isn’t About Dollars

(55:45) The Importance of Designing a Life That Works For You

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