Richard C. Wilson on Health and Wealth

At a Family Office Club event, Richard C. Wilson addresses an audience about health and wealth priorities.

Richard C. Wilson says wealthy owners often focus on business and investments while overlooking their health. He describes health as an investment and names services and habits he says can support proactive care.

In this video: Richard C. Wilson (Founder of the Family Office Club)

What they said

1. At-home blood testing. Richard says InsideTracker can arrange an at-home blood draw for $700. He says the results cover over 50 biomarkers and point to six things a person can do. (at 3:15)
2. Health spending. Richard recalls about 180 people at a wealth management event, each paying $30,000 for club membership. When he asked who had spent the same amount on health, one person raised a hand. (at 3:44)
3. Preventive scans. Richard describes an MRI service that can be used every 12 to 18 months. He says it can identify over 300 types of tumors or problems. (at 8:45)
4. Richard on delaying health for work. Richard says some owners put off health while focused on business, telling themselves they can push through a sale and deal with it later. He gives the example of waiting another three years or a year and a half. (at 4:38)
5. Richard on health and daily capacity. Richard says being ultra healthy can mean more energy, a longer career and better focus. He also says it can set an example for children and teams. (at 5:59)

In their words

"they treat their Mercedes or Land Rover or Rolls-Royce better than they treat their own body"

"they are super focused and able to channel in their energy."

Why it matters if you are building or preserving great wealth

Richard says spouses and children would rather have an owner alive and in a better mood than worth more money. He uses that preference to explain why family offices should raise health before an owner brings it up.