A wholesome way of life results in wholesome funds | Firms
There is a strong correlation between the amount of money people have and their health. People who actively take care of their health are usually financially secure. Healthy people tend to be happier and more focused on their finances.
A study by Washington University in St. Louis found that forward-thinking people who contributed to a retirement plan were more likely to take steps to improve their health. People who have the skills to manage their health generally have the skills to manage their finances effectively. Managing your health and finances takes planning and commitment.
There is a strong link between good nutrition and good financial habits. If you don’t have the discipline to avoid junk food, the more likely you are to overspend. Self-control is the key to financial control and a healthy diet. The secret to healthy eating is planning. If you don’t do it deliberately, you will end up eating unhealthily and spending more money.
Plan meals in advance and minimize eating in restaurants. Restaurant meals are richer in fat and significantly more expensive. Preparing healthy meals at home with less fat and processed foods results in improved cognitive skills, fewer sick days, higher productivity, and lower medical expenses.
Staying in shape and getting plenty of exercise also helps your finances by reducing the chance of heart disease, diabetes, some cancers, strokes, and other costly illnesses. Many serious illnesses caused or exacerbated by poor health are extremely expensive. According to the American Diabetes Association, the average medical cost associated with diabetes is $ 7,900 per year.
Exercise also leads to positive attitudes, increased energy, improved cognitive skills, and better decision-making skills. This improves self-confidence, productivity, and relationships at work, which leads to more opportunity and increased earning potential. The benefits of exercise also contribute to smarter financial decisions.
You should exercise at least 30 minutes a day or 2 1/2 hours a week to get the full health benefits. This can be as simple as walking, cycling, or doing strength exercises with your own body weight. There is no need to invest in an expensive gym membership.
Good health also depends on getting enough sleep. According to the Sleep Foundation, we need seven to nine hours of sleep every night. Those who get enough sleep have more energy and can make smarter, more thoughtful decisions. Getting enough sleep also makes you happier, more productive, and more enjoyable. Getting enough sleep requires planning; If you are not getting enough sleep, you will likely need to change your priorities.
When you are healthy, eating properly, and properly rested, you will be more focused and have greater motivation and ability to plan and organize your life effectively. You need to plan for a healthy life and secure financial future.
Jane Young is a certified fee-based financial planner. She can be reached at [email protected]