It is important to take care of both Wealth and Health. One without the other is useless. Wealth and health have significant connections between them. Without health, you can’t enjoy wealth, and without wealth, maintaining good health would be a challenging task.
Best action we should take is to focus on leading a healthier life. Prevention is better than cure. Make smart food choices: reduce fast food intake. Also exercise regularly.
Focus on your mental health. Sadly, we tend to not give much importance to mental health, but we should. Many professionals work overtime to achieve financial goals, but this often leads to burnout, anxiety, or depression. Spend your time and money for therapy or mindfulness programs if it is required. This improves focus and decision-making, indirectly benefiting your career and finances.
What comes to our thoughts when we think about assets that helps to build wealth? Mutual funds, stocks, bonds, real estate, etc. We forgot that health is also an asset. How are you going to earn more without being healthy first?
Sudden unexpected expenses mostly happen due to health issues. If you are not prepared and guarded against health-related expenses, then it would deplete your wealth or even force you go into debt trap. According to a report, In U.S., more than 60 percent of bankruptcies are caused by medical expenses. Health insurance is the best way to guard against unexpected health expenses. Do not consider insurance premium as an expense but treat it as a security fee to safeguard your precious wealth.
“A healthy person has a thousand wishes; a sick person has only one.”
