The Five Facets of a Meaningful Life: Where Does Money Fit

Five Facets of a Meaningful Life

Managing finances is surprisingly similar to maintaining physical health. Just as a person wouldn’t expect to get fit overnight, building wealth requires patience, discipline, and consistent effort. Healthy eating, regular exercise, and preventive checkups help ensure long-term well-being, just as budgeting, saving, and smart investing contribute to financial security. The key to success in both areas is forming sustainable habits that create long-lasting results. Understanding these habits is one of the Five Facets of a Meaningful Life.

The Connection Between Health and Wealth

Dr. Daniel Crosby, Chief Behavioral Officer at Orion Advisor Solutions, emphasizes that financial advisors play a crucial role in guiding clients toward these habits. Many people struggle with financial discipline, just as they do with health-related goals. Understanding the parallels between health and wealth allows advisors to provide structure, accountability, and tailored strategies. This approach helps clients stick to their financial plans and avoid impulsive decisions that could derail long-term success.

Overcoming Short-Term Temptations

One of the biggest challenges in both health and wealth management is resisting short-term temptations. Crash diets fail because they aren’t sustainable—just like get-rich-quick schemes and impulsive financial decisions rarely lead to lasting prosperity. Advisors can encourage clients to adopt a steady, disciplined approach, reinforcing the idea that achieving financial health requires ongoing, intentional effort rather than quick fixes.

Shifting the Mindset for Long-Term Success

By shifting the focus from immediate gratification to long-term well-being, advisors help clients build sustainable wealth strategies that stand the test of time. Financial success, like physical fitness, isn’t about perfection—it’s about consistency, resilience, and making smart choices along the way. Embracing these health and wealth parallels can make a lasting impact.

These insights are inspired by the latest episode of The Connected Advisor podcast featuring Daniel Crosby, Chief Behavioral Officer at Orion Advisor Solutions. Dive deeper into the power of conscious spending. Listen to the full episode here and explore more articles in this series.