551: Erik Smith | Get Your Health and Finances in Check

Built on knowledge, integrity, and excellence, Erik Smith is committed to helping health care professionals with financial education. Having seen and experienced firsthand, the lack of financial knowledge in the healthcare industry and lack of loyalty and security in corporate America, Erik began traveling the country to serve and educate clients. He is also the host of the Healthy Wealth Podcast, where he is passionate about setting people up for healthy wealth in this broken healthcare system. 

In this episode, we’ll dive into Erik’s story and start learning a bit about how you can get your health and finances in check!

Things you will learn in this episode: 

[00:01 - 07:23] Opening Segment 

• Sponsored ad
• I introduce today’s guest Erik Smith
• Financial health 
• Podcast host 
• Erik gives us some background on his story 
• Always active as a kid 
• Parents worked in defense 
• Experiencing his dad’s job loss 
• His dad’s entrepreneurial vision
• Adjustment period 
• A desire to go into the medical field
• Taking care of his ill father
• Passionate about the numbers

[07:24 - 14:23] The Decisions We Make Always Include Our Finances

• Erik talks about pivoting away from the career path 
• Getting into business
• A desire to help with people’s finance 
• The decision to go into healthcare finances
• Connections 
• Understanding what it’s like 
• The epidemic of financial illiteracy 

[14:24 - 27:49] Get Your Health and Finances in Check

• Erik shares about getting financially literate and in order
• Understanding compound interest 
• The Rule of 72
• Understanding 401K’s 
• Know what you’re investing in 
• Take advantage of the free money 
• Reallocate - do something beneficial tax-wise
• A word from our sponsor 
• How to get educated about finances 
• Find someone you trust and who is credible 
• Ask your advisors what they focus on 
• They work for you not the other way around
• Network with the right people 
• Getting your health in order 
• ‘Deck of Cards’ workouts
• Utilizing your body weight 
• Starting with the basics 
• Choose your hard

[27:50 - 31:49] Closing Segment

• Who you know or what you know?
• Who you know and who knows you 
• What you do with who you know 
• Mutually beneficial relationships
• ThE RaNDoM RoUnD
• How to reach out to Erik
• Links below
• Final words 

Tweetable Quotes: 

“The decisions we make, most of the time, are because we either have the money to do so, or because we don’t have the money to do so.” - Erik Smith

“I’ve met some people that are in my industry and work closely with and they were finance majors in college, and THEY didn’t even learn some of the things we learn about… the system is completely broken.” - Erik Smith

Resources Mentioned: 

• Healthy Wealth Podcast

Connect with Erik on Instagram, Facebook, and LinkedIn. Visit https://healthywealthpodcast.com/ to learn more.

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