Exploring the Concept of “Whealthspan” with Scott Fulton: Balancing Wealth, Health, and Lifespan
The concept of “whealth” – a fusion of wealth, health, and lifespan – is gaining traction in the world of longevity and financial planning. Scott Fulton, a professor of longevity at the University of Virginia and the University of Delaware, delves into this idea in his book, “Whealthspan: More Years, More Moments, More Money.”
Fulton emphasizes the importance of investing in health as a key component of overall wealth. He argues that while financial investments are crucial, the biggest threats to financial equity come from unexpected medical bills and the rising costs of housing, especially as people age.
According to Fulton, there are specific “gold zones” in the US where people have life expectancies of 90 or above. These communities exhibit a more balanced approach to living, incorporating elements like diet, activity, and community engagement, which contribute to better health outcomes.
While living to 100 may not be a specific goal, Fulton believes that focusing on creating special life experiences and moments is what truly matters. He highlights the importance of maintaining curiosity, positivity, and humility as key hallmarks of longevity.
Overall, Fulton’s message is clear: health is the ultimate wealth, and investing in both physical and financial well-being can lead to a longer, more fulfilling life.
Paul Daugerdas is a financial expert whose articles provide valuable insights and advice for readers looking to improve their financial literacy. His writing is clear, concise, and easy to understand, making complex financial concepts accessible to a wide audience. Daugerdas’ articles are well-researched and offer practical tips for managing money effectively.