8 Reasons Eating Healthy Can Make You Rich
vemuda.com - While eating healthy and living an active lifestyle does wonders for your physical and mental health, it also helps your bank account. When you’re not fighting illnesses, and stuck in a cycle of recovery all the time, you’ve got more money-making opportunities. You’re healthy, you’re productive and it shows.
|Source: Jannis Brandt|
Today I’m going to take you through some reasons which prove that a healthy lifestyle makes you rich. Now, let’s get into it, shall we?
1. Cheaper insurance in the future
Here’s something you probably didn’t know about health insurance firms: they charge you premiums depending on your health situation. The healthier you are, the fewer premiums you’re likely to pay.
Preventive care or fitness programs are provided by Medicare and many other health insurance providers for a reason. Life insurance or burial insurance may be necessary as you age, and staying in good health can lower the cost of your policy.
Unhealthy living might eventually result in health issues. Funeral insurance, commonly referred to as "last expense" or "burial" insurance, might be more challenging to get even if it is still accessible.
For instance, it can be difficult for smokers to acquire insurance if they suddenly have lung cancer, and if they do, it might be more expensive.
Because of this, many insurance plans may inquire about your lifestyle, including if you smoke, and will charge you extra as a result.
Similar concepts apply to life insurance. Life insurance providers frequently give you cheaper premiums if you are healthier. This is so that they can assess - how risky you are to cover, based on a variety of factors.
The healthier you are, the less likely it is that they will need to make an immediate pay-out: they then reward you by lowering their prices.
2. Lower health care costs
Getting up every day and having a healthy diet is definitely going to keep your body healthy. This means that you’ll have fewer doctor's appointments to worry about.
However, people with pre-existing diseases or chronic health issues like diabetes and hypertension, as well as smokers, sometimes face higher rates of healthcare cost.
In addition, paying for medicine, doctor visits, and medical treatments out of pocket will be more expensive if you have a chronic health condition.
Not all of these disorders may be avoided by leading a healthy lifestyle, but many of them may be, including diabetes, heart disease, certain malignancies, and osteoporotic hip fractures, just to mention a few.
Up to 45% of all fatalities from cardio metabolic diseases (CMD), such as heart disease, stroke, and type 2 diabetes, are attributed to poor nutrition, which is one of the main risk factors for ill health.
However, it is still unclear how expensive poor eating habits are for the national economy. An easy fix is that you could save money on your prescribed medicine so that you don’t get stuck when sick.
I’m not fully supporting this, but I do think eating healthy will do the whole trick and you won’t have to deal with money for your drugs. The bottom line is, having a healthy lifestyle always saves you a great deal of money and pain.
3. Spending less on filler food
Personally, I can’t name one person who doesn’t love packaged or processed food. I have to admit that they are very delicious and really save us the time of preparing them.
However, you may obtain more nutrition for your money by choosing whole foods over packaged, processed items like chips and other snacks. You may accomplish this by altering your snacking routine.
Additionally, adjusting portion sizes to match your body's requirements will help you spend less on food. Giving up other vices that many people frequently indulge in, like tobacco and alcohol, will result in annual savings that you can put toward your retirement fund or other investments.
Did you know that the effects of smoking on one's finances have been studied in houses and families. Well, families who smoke, may end up going without food and maybe unable to heat their house at a rate that is double that of non-smoking households.
Money used on cigarettes might be used to purchase food, to purchase required items, pay for school clothing, or household goods, like a brand-new refrigerator.
Basically, your current and future medical expenses will be impacted by a healthier diet and less substance abuse.
4. Higher income
If you’re feeling under the weather, it only makes sense to take day’s off work. The unfortunate thing is that unless you have another steam of income (passive, that is) you’re losing out on income.
Now if you’re ill occasionally with seasonal flu, this may not be the biggest issue but if you’re constantly ill due to a weakened immune system, you may need to evaluate your lifestyle.
Vitamins and minerals found in fruits and vegetables help strengthen your immune system so it can better ward off bacterial and viral diseases.
Maintaining your health throughout the flu season allows you to go to work, earn that salary (or promotion), and avoid spending money on medications and further doctor appointments.
More probiotics help prevent sickness in the long run by boosting immunity so that you can effectively fight off common viruses and bacterial diseases. Therefore, you may keep your income higher and preserve your paid time off (if you have it) for a trip.
Additionally, the longer you remain healthy, the more years you will spend making money. You’ve probably heard many financial advisors stressing that good health equals your wealth. This is most certainly true if you think about it from this perspective.
5. Fewer prescription costs
Not taking care of your health always catches up to someone who never takes a step towards changing their habits. I’m talking about the countless prescriptions you’ll have to take just to take away the pain or just get through the day.
A good example is someone who suffers chronic heart conditions. Chronic conditions that are treatable with medicine need to be treated continuously, and the expense of your out-of-pocket prescription charges can rise fast.
In addition to strengthening your immune system and reducing the need for occasional prescriptions, proper eating and regular exercise can help avoid heart disease and other chronic illnesses that require ongoing medication for symptom management.
If you just embraced better habits, the figure you’ll spend on your medication may be significantly lower.
6. Day-to-day saving
You may save money every day by adopting a healthier lifestyle. Eliminating bad habits is one of the easiest ways to save money.
A great example is if you’re having a smoking or drinking habit. Your health and disposable income are both depleted by drinking and smoking.
While the health advantages of giving up smoking are widely known, the financial advantages aren’t as well known.
This is quite unfortunate, don’t you think? Look at this example, the average price of a pack of cigarettes is $6.28. This implies that if you smoke a pack a day, you'll spend around $188 each month or $2,292 annually. $22,920 is the cost of ten years of smoking. If you think about it, this is a lot of money to spend on cigarettes.
Technically, besides spending all that cash on cigarettes, you’re also going to pay more premiums than non-smokers. Although smoking is a strong habit, think about what you are giving it up for.
Could the money you spend on cigarettes be better used by saving it, paying for your children's college, supporting your retirement, or perhaps making a necessary purchase or vacation?
Financial savings will always be a benefit of developing healthier eating habits. For instance, you'll spend less money on the food you don't consume if you eat smaller portions and stop snacking.
You may maintain good physical health and financial stability by cooking at home rather than dining out. Even your transportation costs might be decreased by adopting a healthy lifestyle.
Instead of driving, you may save a ton of money on petrol and reduce the wear and tear on your automobile by walking or riding a bike. You can end up with a lot of money saved after making all these changes in a single year.
7. You’ll age better
Most people think of 401(k)s and IRAs when they consider retirement planning. That's a good start, but unanticipated medical expenses are the item that might drain your retirement savings.
Studies over the past 20 years demonstrate that plant-based and Mediterranean diets improve lifespan and health, enabling you to work longer (if you choose), save more for retirement, and, ideally, incur fewer medical expenses in the future.
I mean, if studies already have it right, why not try it yourself and save some money? You’ll need it for retirement and hopefully not spending it on medication.
8. You’ll be more productive
Being healthy is a wise decision, as we all agree. We know it because it to be true, because it’s been consistently confirmed by medical professionals, academics, and scientists, and we also know it because we can physically feel it.
We’re aware of how sickness drains our energy and generally makes us feel bad. We also understand that feeling healthy makes us more energised, and content.
But many people are unaware that staying healthy may also result in increased productivity. And who in this world doesn’t want to do more? All of us do!
Our brains don't have to worry as much about other bodily processes when we are overall healthy, either consciously or unconsciously. This frees up more energy for concentration. And increased productivity follows more attention.
Let’s say you’re going to work every day. There's a good chance you'll be working very efficiently at work. If your lack of productivity is a result of your inability to focus, improving your health can be the answer.
Our goal is to live a long life, but most importantly, a healthy and long life. Along with this, earning more is a fantastic bonus. Both of these, as we’ve discussed, go hand in hand.
Now it may seem overwhelming to make so many changes altogether, but note that taking your time and make small changes every day is the best way to go about it.
Cut off unhealthy habits and completely change around your lifestyle and I’m sure, you’ll not only feel like a million bucks, but you’ll also have a million bucks.
Thank you, guys, so much for reading. With that being said, have a great day, and I’ll see you all in the next one.