Stockpiling Wealth And Health

When you think of stocking up do you think of canned goods in your cupboards? The Great Recession changed how many people think about stocking up. “Stocking up” on financial security and the ability to fight off sickness increases your ability to maintain a comfortable quality of life. It is important to use the good times to “stock up” on the two areas of health and personal finance.

Your good health and secure economic situation put you in a much better position to preserve your standard of living in the long run even when hardships inevitably come your way. Expensive or unhealthy problems that you are unprepared to deal with can quickly rob you of the economic ground you have worked so hard to gain over the years.   

Ensuring that you are living a better overall lifestyle in the future actually starts right now with positive healthy behaviors and effective economic decision making. Protecting yourself against catastrophe, with these behaviors, is the first step to preserving and growing your quality of life. When you make these behaviors part of your current lifestyle you will see positive changes fairly quickly. Focusing on the ten items listed below will improve the health and wealth of you and your family thus making life’s bigger challenges much easier to handle.

health and wealth
Health and wealth go hand in hand.


health and wealth1. Water - There are many reasons why water should be the cornerstone of your healthy lifestyle. An important reason for this is preventing dehydration, which is the number one reason for daytime fatigue. Many people don’t initially recognize that they are dehydrated, since they tend to gauge it by thirst. However, you don’t have to be thirsty to be dehydrated. An effect of mild dehydration is feeling tired or sluggish. If that is happening to you there is a good chance you’re not getting enough water and you are not working toward your goals at 100%. 2. Expect the unexpected - So many people get in financial trouble because they didn’t prepare ahead of time for problems. Think about it – things such as home repair, health care, and car repair can end up being huge bills if little problems are left unattended. My friend Rick was too lazy to blow the leaves out of his gutters. For years all the tree debris built up until eventually the damage from backed up rain water cost him thousands of dollars. Ben Franklin said it best = an ounce of prevention is worth a pound of cure. Spend a little bit of money and effort now to avoid potential financial disaster in the future.   health and wealth3. Healthy food choices - Whole grains provide stable energy and act like little scrub brushes cleaning your arteries. The cleaner those arteries are the more fresh blood is flowing through your body providing energy creating nutrients and flushing away energy robbing waste materials. With more energy you will be able to work harder toward your goals.
health and wealth4. Start with a clean slate / don’t owe anyone anything - Think about a day at work or around the house when you were on your feet all day long. At the end of the day you get to sit down and the sensation of “taking a load off your feet” feels great. You will experience the same feeling when you pay off your debt and start over with a clean slate. Focus your intensity on eliminating one debt at a time until you are debt free. Not owing anyone any money is a terrific feeling and jump starts your efforts in living a financially sound lifestyle.   5. Supplement your health - Often times we do not get the optimum amount of nutrients either because there is not enough healthy variety in our diet or the foods we eat are too processed. Supplements make up for deficiencies in your diet. Whether you get your nutrition from supplements or through a strictly healthy diet remember that vitamins allow your body to heal, ward off sickness, and work more effectively.   6. Be ready to take advantage of opportunities - Just like problems, opportunities are sure to come your way. The thing with both problems and opportunities is that neither will typically call ahead of time to warn you they are going to show up today! Your best plan of action is to budget for opportunities.
7. Environment - Your environment consists of your home, work, car, and other structures you stay in or pass through. These can have either positive or negative affects on your short and long term physical or mental health. Take an active role in arranging your environment around your desires and goals. When it complements your goals, your motivation gets an additional boost. health and wealth8. Exercise - Exercise doesn’t necessarily have to be overly strenuous to be beneficial. Moving your body makes your blood pump harder and pushes fresh oxygen through your body to your cells. That gives your blood cells the material it needs to produce more energy and give you a revitalized feeling throughout the day 9. Interest - There is a fairly easy rule to remember when it comes to interest – earn it don’t pay it. Arrange your budget and your financial plan so that you are building assets that pay interest and avoiding interest laden debt by paying cash. One thing to remember is to keep your credit rating high and squeaky clean so that if you do need to pay interest you are in a position to demand the best rate.
health and wealth10. Buy assets so you can afford liabilities - How can you tell the difference between an asset and a liability? Assets are things you buy that 1) fill a need and then 2) produce additional money in your budget through income or expense savings. High efficiency light bulbs are assets because they solve your need for light and produce cost savings over traditional lighting. Those savings are the “found money” that allow us to buy liabilities. Liabilities produce no income and are usually just a cost. An extra night at the beach produces no income and will cost more money therefore it is a liability.      
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The Quarter Roll is published to provide personal insights and opinions on everyday ways of saving and managing money, budgeting, and reducing debt. The Quarter Roll does not give professional accounting, legal, or investing counsel. The ideas, examples, and advice presented on this site are solely the opinion of the authors based on his or her personal experiences. All photos courtesy of The Quarter Roll, iStockphoto, or Dreamstime. © All rights reserved. This site is best viewed when using Adobe Flash Player. the quarter roll magazine financial entertainment