The greatest “wealth is health.” I believe that, but can’t take credit for that quote. It is attributed to Virgil, an ancient Roman poet. So we’re not talking about a new discovery here; more like a tried and true fact. Recognizing the direct correlation between health and wealth should not be overlooked, and I’m not suggesting money isn’t important, as we all need money to live, but I’m afraid that we take our health for granted at times which can impact our wealth and our ability to live a rich life.
Making a large change to any of your habits at one time seems like a daunting task. In fact, doing so will probably make you quit altogether. Instead, pick one small thing you can do today, and then next week do the same. For example in finance, we recommend choosing a dollar amount monthly that you can comfortably put towards something without really feeling the impact of it; $50, $100, or $1,000 depending on your situation. Start that habit, then add to it.
The Ancillary Benefits of Living a Healthy Lifestyle
(from a financial perspective)
1. MEDICAL BILLS ARE EXPENSIVE.
Healthy people save money on medical costs. Sick people spend their hard earned cash on medical bills rather than on things they enjoy. Are all injuries or illnesses preventable? Of course not, but neither is the stock market tanking. If you set yourself up for success, the impact of unforeseen events won’t take everything off track.
2. HEALTHY WORKERS ARE MORE PRODUCTIVE.
When we are in good health, we can work more productively. Studies have shown that people in good health are able to earn more money and work more productively. If you’re kinder to yourself, you’ll be kinder to those around you.
3. FEELING GREAT GIVES YOU CONFIDENCE.
When you have a high level of wellbeing, you will also tend to have a confident and go-getting attitude which will enable you to succeed in all of your aspirations.
4. HEALTH INSURANCE BECOMES MORE EXPENSIVE.
Health insurance in the U.S. is already an astronomically high expense. Constantly being seen by a medical professional will only skyrocket those costs and take money away from achieving your financial goals.
5. EXERCISE IS FREE.
Any good businessperson will tell you that if you pay nothing and get plenty in return, you have made a great deal. Exercise like jogging, yoga in your front room or dancing is totally free and yet it significantly enhances your physical and mental health and thus your material wealth. There are also many free resources and fitness coaches online that can be streamed on YouTube. Challenge yourself today!
6. HEALTHY PEOPLE CAN STAY PRODUCTIVE FOR LONGER.
Making money takes energy, so healthy energy levels are often necessary. If you cultivate good healthy habits, you can keep earning money later in life.
7. HEALTH BOOSTS YOUR BRAIN POWER.
Foods rich in zinc, omega fatty acids and other vital nutrients keep your brain working to its highest potential.
8. HEALTH IS AN INVESTMENT.
You may spend money on sneakers, smoothies, supplements and so on. But, this is an investment that could pay dividends for you down the road.
Taking good care of your health could be challenging, but it is important. It may be difficult to make it a priority, especially when you have a busy schedule, but start by adopting small changes every day. Get started on your financial journey by speaking with our strategic wealth specialists today.