Better Health Equals Better Finances

 One of the major lessons learned from the Covid-19 crisis is how vulnerable we are as Americans due to our poor underlying health. According to the Organization of Economic Cooperation and Development (OECD), America ranks near the bottom in terms of life expectancy among advanced/industrialized nations and near the top in terms of obesity rates, diabetes, and heart disease. The good news is that simple improvements surrounding sleep, exercise, and dietary habits can improve our country’s overall health and better prepare us for diseases we will face again in the future. With rest, a simple goal is to get at least seven hours of sleep per night. Studies show you are almost four times less likely to get a common cold and other illnesses with this amount. With exercise, the key is to get your heart and lungs working at an accelerated rate as often as possible. At least 30 minutes a day is recommended for good health, but even a small amount per day is better than nothing. For diet, the key is a balanced combination of fruits, vegetables, and proteins. Avoid smoking and drink alcohol only in moderation. The bad news is that many will not be motivated to change their habits for health benefits alone, so those looking for additional motivation could see some financial benefits of improved health below.

Reduced Out of Pocket Medical Costs

While routine maintenance visits to the doctor are often covered by private insurance, other types of visits will run you an out of pocket cost. In fact, according to Consumer Health Ratings, an average doctor visit costs approximately $290. Better health can reduce those visits to the doctor and save deductibles, co-pays, and other irritating healthcare costs.

Improved Job Performance

While we often focus on the noticeable physical effects of poor sleep, exercise, and dietary habits, the less visible mental effects of those habits should cause equal concern, particularly for those looking to maximize workplace performance. For workers looking to operate at the highest level, one of the biggest enemies is extreme fatigue. Fatigue leads to poor decisions, poor decisions lead to poor outcomes, and poor results do not bode well for career advancement. In contrast, a sharp mind leading to better decisions can lead to higher responsibility levels and ultimately, greater financial rewards.

Longevity in the Workforce

Saving enough Money for a comfortable retirement is a top priority for most. Unfortunately, many Americans fall behind on these goals and will find it necessary to work more years to achieve them. If this is you, health will play a significant role in your ability to perform the extra years required to take care of your family. Make the health of your body a priority now and it and it will be there for you later!

Follow The Welch Group every Tuesday morning on WBRC Fox 6 for the Money Tuesday segment.

Fox 6 Talking Points:

Financial Benefits of Sleep, Exercise and Balanced Diet

  • Reduced Out of Pocket Medical Costs
  • Improved Job Performance
  • Longevity in the Workforce


Marshall Clay CFP, JD, is a Partner and Senior Advisor at The Welch Group, LLC, which specializes in providing Fee-Only investment management and financial advice to families throughout the United States. Marshall is a graduate of the United States Military Academy in West Point, New York, the Cumberland School of Law in Birmingham, Alabama, and is a CERTIFIED FINANCIAL PLANNER™.  In addition, Marshall is a frequent guest on local television stations as an expert on various financial planning matters.


Please remember that past performance may not be indicative of future results. Different types of investments involve varying degrees of risk, and there can be no assurance that the future performance of any specific investment, investment strategy, or product (including the investments and/or investment strategies recommended or undertaken by The Welch Group, LLC -“Welch”), or any non-investment related content, made reference to directly or indirectly in this blog will be profitable, equal any corresponding indicated historical performance level(s), be suitable for your portfolio or individual situation, or prove successful. Due to various factors, including changing market conditions and/or applicable laws, the content may no longer be reflective of current opinions or positions. Moreover, you should not assume that any discussion or information contained in this blog serves as the receipt of, or as a substitute for, personalized investment advice from Welch. Please remember that if you are a Welch client, it remains your responsibility to advise Welch, in writing, if there are any changes in your personal/financial situation or investment objectives for the purpose of reviewing/evaluating/revising our previous recommendations and/or services, or if you would like to impose, add, or to modify any reasonable restrictions to our investment advisory services. To the extent that a reader has any questions regarding the applicability of any specific issue discussed above to his/her individual situation, he/she is encouraged to consult with the professional advisor of his/her choosing. Welch is neither a law firm nor a certified public accounting firm and no portion of the blog content should be construed as legal or accounting advice. A copy of Welch’s current written disclosure Brochure discussing our advisory services and fees is available for review upon request. Please Note: Welch does not make any representations or warranties as to the accuracy, timeliness, suitability, completeness, or relevance of any information prepared by any unaffiliated third party, whether linked to Welch’s web site or blog or incorporated herein, and takes no responsibility for any such content. All such information is provided solely for convenience purposes only and all users thereof should be guided accordingly.