Are You Slowly Killing Yourself?

Steve McDonald By Steve McDonald, Bond Strategist, The Oxford Club

Two-Minute Retirement Solution

Here’s one of the nonfinancial benefits of sound money practices.

If you’ve noticed more aches and pains since crossing the 50 threshold, you’re not alone. They come with aging.

But did you also know that the cracking, popping and aching aren’t from aging alone? Many of our daily maladies are the result of stress… and money woes are the No. 1 cause of stress.

Recent studies from the University of Virginia and Columbia University show that pain levels increase with financial problems. Case in point, over-the-counter painkiller sales increase by as much as 20% with the financial instability associated with unemployment.

Back, neck and shoulder pain associated with stress is enough of a problem, but extended periods of stress associated with money problems can lead to serious medical issues too.

The occasional tension-related stiffness and soreness can – over an extended period of time – lead to heart attacks, hypertension and immune system issues.

And considering the state of many boomers’ retirement funding, this is something that needs to be addressed.

There isn’t a pot of gold that will solve all our retirement money woes. That said, just writing down and organizing your money can solve some of the problems. According to both studies, seeing your situation in black and white can actually help reduce stress levels.

Another stress reliever is one I talk about here all the time: exercise. Stagnant stress energy leads to pain. So move!

And sleep too. The two studies report sleep has to be a priority. I know it sounds a little nuts, but a lack of sleep causes overspending and other unhealthy habits.

Many of us are facing tough money choices in retirement, but they don’t have to be fatal. No matter how much money you have, make time for sleep and exercise.

The university studies say these simple fixes can’t add zeros to our bank accounts… but they will make us feel a whole lot better.

Good investing,

Steve

P.S. The findings of the studies also show that saving as much money as possible can help cushion a financial blow such as unemployment. Easier said than done, right? Well, my colleague Marc Lichtenfeld recently discovered a stress-free way to generate an extra $1,038 every week. That’s more than $4,000 each month. You can feel the aches melting away at just the thought… Click here for the details.