For those that are new to this concept, it's pretty straightforward. The idea is that we should never focus too much of our energy on only one or even two of these "three major pillars" in our life at the sacrifice of the third. Whether wealth, health or love is more important to each of us, we should always be mindful that we require all three to be able to live a happy "balanced" life.
Many of us can probably think of several examples of people, especially celebrities in this world who have a lot of the two but sorely lacking in the third. Probably the most stereotypical example is of a young, famous celebrity who has a lot of wealth and is probably in great shape (healthy) but always seem to be failing in the love department. Or maybe someone like Robin Williams who is rich, loved by all, but his (mental) health ultimately did him in. Or maybe it could be an ordinary Joe/Jane like us who has love and health but is struggling financially to get by. See if you can think of people that you know in your life who have too much of one or two of the pillars and lacking the third. What could they have done to make their life more balanced? Now think of yourself, are you focused too much on one and neglecting another?
My belief is so strong in this need for balance that I have sworn that if I ever won the Mega Millions or Powerball lottery, I will donate half or more of it away for fear of the "wealth" pillar overpowering the "love" or "health" pillars in my life. Think of all the past lottery winners and the grief they must have gone through with every friend and family asking for hand-outs, and with each 'no' he gives building additional resentment among his circle, thereby hurting the "love" aspect of his life. In addition the stress he must endure trying to constantly fend off thieves, kidnappers, and even murderers must have a tremendous toll on his health.
As for where I am today, I'm balanced. I'm at peace. I have made many conscious decisions over the past years to get here. Choices like not taking the big promotion or changing jobs for a more senior role and more money because I didn't want to neglect the new family I just recently started. This is probably why I'm sometimes mistaken for being an ideal example of happiness among some of my friends because they see me at peace. There's no magic formula to this. Live life balanced and tell me how it works out for you.