Health & Wealth ~ The Five Rules of Money
In this discussion, we examine the relationship between wealth and health. Having good health is directly related to leading a productive life. The functionality of the body is interconnected between various organs. Keeping the organs healthy is essential for proper functioning. As health is the state of physical, mental, and social well-being, having good health is important.
The saying “Health is Wealth” means that health is the biggest wealth anybody can have. Anything can be achieved if we have good health. It is not enough to have money alone we can make good use of wealth only if we have good health. There is abundant proof that money does buy better healthcare, better health, and longer life. On the other hand, good health is linked to the ability to create wealth, as well. Thus, there are strong links between several health indicators over the average life span of individuals and their available income
"The first wealth is health,” American philosopher Ralph Waldo Emerson wrote in 1860. Emerson’s quote, cited by Harvard economist and health expert David E. Bloom in Finance and Development’s lead article, reminds us that good health is the foundation on which to build—a life, a community, an economy. During National Breast Cancer Awareness Month, we?rededicate ourselves to supporting patients and their families, boosting access to care, and raising awareness about the life-saving importance of early screening.
October is Breast Cancer Awareness Month, an annual campaign to raise awareness about the impact of breast cancer. National Breast Cancer Awareness Month (NBCAM), is an annual international health campaign organized by major breast cancer charities every October to increase awareness of the disease and to raise funds for research into its cause, prevention, diagnosis, treatment, and cure.
A variety of events around the world are organized in October, including walks, runs, and the pink illumination of landmark buildings. This month became nationally recognized in 1985, and initially, the aim was to increase the early detection of the disease by encouraging women to have mammograms. It rose to popularity, and more and more attention was paid to this issue each year.
The importance of this month is to raise awareness of such a destructive disease. It is estimated that 1 in 8 women in the United States will develop breast cancer in their lifetime. This is what makes awareness and early prevention so crucial. Breast cancer death rates have declined steadily since 1989. The statistic shows a 43% decrease through 2020. The odds of dying of metastatic breast cancer are roughly one-third of what they were in the 1980s.
Prevention
Death rates from breast cancer have been declining since about 1990, in part due to better screening and early detection, increased awareness, and continually improving treatment options.
Cancer prevention refers to actions you can take to limit the chances of getting breast cancer, as well as things you can do to be proactive in responding to it. Getting your breasts examined and having annual cancer screenings done is a necessary step. Follow the guidance of your doctor. It’s also important to perform your own breast examination monthly. Know the signs ahead of time, and live a healthy lifestyle. The benefits of Screening mammography reduce the odds of dying of breast cancer by approximately 20 percent.
Income and Health
Does wealth affect health? Science suggests that it does. Financial stress, just like any stress, impacts both mental and physical health. While personal choices certainly impact financial wellness, generational and systemic factors beyond an individual's control generate unequal opportunities.
According to a study published by Berkley University in February 2020, recent years have seen a rise in income inequality. Many factors contribute to income inequality, like the health-poverty trap, geographic location, race, and even gender. Having access to money not only matters for quality of life purposes — low income often leads to a shorter lifespan.
Perhaps the most striking statistics around health and wealth are those related to life expectancy. Since the 1970s, those at the higher end of the tax bracket have seen their life expectancies increase by more than 6 years, while those at the lower end have seen an increase of only 1.3 years (Woolf 2015).
It’s no surprise that individuals with higher incomes can afford gym memberships and have more time for improving their physical health. Higher-paying careers are also more likely to provide comprehensive health insurance. We also know that nutritious food, such as fresh fruits and vegetables, costs more than calorie-dense, inexpensive, ready-to-eat meals.
Making a large change to any of your habits at one time seems like a daunting task. These routines and behaviors can lend themselves to good health:
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NEVER HAVE AN AWKWARD CONVERSATION ABOUT BREAST HEALTH AGAIN. Talking confidently about breast health can be an important—but sometimes awkward— step in supporting breast cancer awareness.
Take Action for your Health & Wealth
2. Get a wealth check-up with one of our financial professionals ?? https://calendly.com/communityworkshop/zoom-appointment
3. Attend financial workshops and become your own money manager ?? https://bit.ly/3viVUsA
Source:
Charisse Yambao, Oct 11, 2022; Karin D. Jones, MD, Oct 22,2022; Jeff Hayden, Dec 8, 2014; Tessa Cooper, Aug25, 2022; Molly Herndon, Au 8, 2019; American Cancer Society;