The Truth of Credit

When asked, most people will say that their biggest asset is their home, car, business ,etc.. Few consider their health as being an asset. Your health is what allows you to accumulate all those other material things. There is a large divide between the people that are health conscious and those that are slowly killing themselves daily. If quality of life is not enough to get you to the gym, let’s consider what bad health will do to your finances.

The Effects:

• As discussed before on this blog, The Big 3 (reasons why people go into debt) are Unemployment, Divorce & Illness. Of the three, illness is probably the hardest to overcome. There is no mistaking the cost of medical bills these days. Even with insurance you may need some kind of treatment that may not be covered. How many uncovered expenses can you take?

• As shallow as this is going to sound, when employers are looking to promote people, who do you think is going to get the nod? The person who does exceptional work but takes lots of sick days is harder to depend on compared to the person who does satisfactory work and is there every day.

You have most likely heard the the tragic story of the 4 football players off the coast of Florida over the weekend. The lone survivor was in the water for nearly two days. Doctors were quoted as saying he only made it because of the physical condition he was in. There are always exception to the rule, but it is my theory, your health can only lead you to more wealth. How are you investing in your health? Do you consider it a asset?