Your Voice of Financial Reason

Your very health is linked to your finances

Tuesday, April 3, 2018

In our modern world the interplay and connections between, what have been considered in the past, separate and distinct aspects of our lives continues to unfold before us. Economics and psychology have been found to be inter-related in many respects, giving rise to the field of behavioral economics and Nobel prizes. The conflation of biology and engineering has given rise to technological advances and formed new fields of specialization such as bioresource engineering and biotechnology. The list of such convergences continues to expand. Now, a new study in the Journal of the American Medical Association suggests a connection between your money and your very physical health. It appears that large financial losses may be associated with an increased risk of death! Sounds dire but remember that like most things in life an ounce of prevention is worth a pound of cure, and the goods news is that many financial shocks are entirely preventable with thorough and competent financial planning.  Are Certified Financial Planners the new allied health professionals of the future? That may be a stretch, but it is certainly one more reason why everyone can benefit from the help of a CFP©

 

Links:
https://www.npr.org/sections/health-shots/2018/04/03/598881797/financial-ruin-can-be-hazardous-to-your-health
https://jamanetwork.com/journals/jama/fullarticle/2677445

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