Getting Rich On Health
If you have destructive habits like soda, cigarettes, Starbucks, fast food, or 1000 channels of cable television, realize these cost the average person four dollars a day, seven days a week. That is twenty-eight dollars, which doesn’t sound like a whole lot of money, but at the end of the year it is $1,460. That makes $14,600 in ten years and $29,200 in twenty years. Any type of safe investment, including just a savings account would make this sum worth far more!
That’s just one bad habit. If you look at all of the things that are taking away from your life and your bank account and are not adding to them, how much would it be? The average American has three bad habits and not just one. So really it’s closer to twelve dollars a day, $4,380 a year, $43, 800 in ten years, and $87,600 in twenty.
So, conservatively, with interest, if you started living a healthy lifestyle in 1990, then twenty years later, you’d have an additional $100,000 cash in your pocket. Could you use 100K right now?
And we’re not done yet.
These habits are destructive to your health and your future. Therefore, they lead to physical and emotional problems. We still have to add in medical bills. 1 The Boston Herald just reported a study from Fidelity Bank that showed a couple in 2008 needs $225,000 in cash out of pocket to cover what government insurance, Medicare and Blue Cross/Blue Shield won’t pay to cover medical expenses after retirement. This number is going up at a rate of 4.7% a year which means by 2020, you will need approximately $400,000 in cash at retirement to pay medical costs not covered by insurance or government medicare.
Cancer treatment drugs range from $4,000 to $14,000 per month and cost as much as $25,000 per month. Much of this is out of pocket. It’s not uncommon for someone to pay $100,000 to 300,000 out of pocket for cancer treatments. Tragically, these treatments are often ineffective and they are at very high risk to the patient’s life. So, even after paying all of that money, the patient suffers more and often doesn’t make it anyway.2
Do you think you are covered by insurance? Think again. Over sixty percent of all bankruptcies are due to medical expenses and the vast majority had insurance coverage!
And we’re not done yet.
Medical costs only tell a small part of the financial story. Each day, month, and year you’re alive but can’t work due to illness or treatment can add up to hundreds of thousands of dollars, depending on your salary. Plus, insurance companies now estimate each year you die early before life expectancy at a value of $150,000 in the U.S. ($50,000 per year in Canada). So someone that dies in their 50s or 60s loses well over one million dollars.3
The real toll, of course, isn’t the money. In addition to being out hundreds of thousands, if not millions of dollars, life ends both in quantity and quality before God intended.
Is a healthy lifestyle expensive? You can’t afford to have an unhealthy lifestyle! If you take a fraction of these hundreds of thousands of dollars and invest them in the care, activity, supplements, and food we’re suggesting, the return on that will earn many, many times more than anything you could ever make in the stock market. Plus, you won’t be dead, which is a nice additional incentive!
How is cable unhealthy? Rather than spending time reading a book, playing with your kids, or staying active, you provide multiple layers of unhealthy stress to your mind and body sitting there on your tail and unconsciously downloading violence or bad news into your brain cells. If you spent that time constructively, how many books would you have read today that could’ve made you more rich and well? How much more would you have accomplished by now? How many hours extra would you have spent with God and your family? Where would you be today?
We have much less of an economic crisis going on globally, and much more of a habit crisis going on. Self control yourself to riches!
1Associated Press , Wednesday, March 5, 2008, bostonherald.com
2 Liz Szabo, USA Today, July 11, 2006
3Sources: Cathy J. Bradley, Ph.D, professor, health administration, Virginia Commonwealth University, and Massey Cancer Center, Richmond; Robin Yaroff, Ph.D, epidemiologist, U.S. National Cancer Institute, Bethesda, Md.; Dec. 9, 2008, Journal of the National Cancer Institute, online