Wealthy and Healthy?

Is Wealthy Healthy?

As we look towards taking a break over the Summer and setting those New Years resolutions,  I have come across some interesting research that seems to suggest that health is linked to your wealth.

But what is wealthy?

It seems that how much we exercise to stay fit is linked to how much we earn. That wealthier people are more likely to take part in physical activities more than those less well off.

According to the Australian Bureau of Statistics those in the wealthiest income groups were more likely to engage in a number of fitness activities. The least wealthy were less likely to pursue any physical activity at all.

Why?

Well the answers are partly speculation and I welcome your input on this one, but I offer up some suggestions below. I caveat this with my desire that you would think about how you can be more positive towards your health in 2012. Note that very few of the offerings below relate to how much money you have.

More Free Time

I think wealthy people have more spare time than their less wealthy counterparts. The priority of exercise and health is high on the agenda as is spending time in social settings and recreation.

More Organised Time

If they are busy – wealthier people seem better able to distribute their time well to make space for physical pursuits.

Greater Determination

Often people gain wealth through sheer determination and strict planning. This will generally flow into all areas of their lives. The determined take control of their lives and this includes keeping fit.

More income to spend on luxuries /  healthy foods

Although the wealthy are usually cautious about their spending they will have a greater disposable income to spend on extras like gyms, classes and personal trainers. They will also prioritise spending to ensure they have the best equipment to support them.

Why Is Health Important?

A 2008 published study from Cambridge found that of over 20,000 men and women between 45 and 79.

The study looked at a combination of four activities including regular exercise, moderate alcohol use, daily fruit and vegetable intake and not smoking. Over the study period those who took part in none of the above activities were four times as likely to have died than those who engaged in all four.

Practicing the four healthy habits according to the research was equivalent to being 14 years younger in chronological age. 1

Who are the wealthy?

The research I have done refers to the wealthy in terms of income status.

Wealth is also an attitude you choose long before you make sustainable money for yourself. Being at peace with where you are at, a healthy and well balanced life is available to everyone.

As you can see above – simple lifestyle choices cross over wealth boundaries – they are available to all of us. Its not conclusive but could be the start of better things for you.

It is my hope you will take 2012 by the reigns and make it your year to get healthy and build your wealth portfolio as well. At Portfolios we look forward to standing along side you as you do.