Lean Body, Fat Wallet: The Health and Wealth Connection
What would you do if you finally lost all that excess weight and had energy to burn? How different would your life be if you were completely out of debt and in control of your finances? And what if you could do both at the same time with just few simple lifestyle changes?
Those were some of the questions my friend, health expert, Danna Demetre and I wanted to answer when we wrote Lean Body, Fat Wallet: Discover the Powerful Connection to Help You Lose Weight, Dump Debt and Save Money.
Even though Danna and I are experts from two seemingly different fields – finance and fitness, we stumbled on a remarkable discovery – the habits that are good for your wallet are equally good for your body. The principles that help you stick to a budget are the same ones that help you eat better, lose weight and keep it off.
We found that when you put those principles and habits to work using an innovative approach to improving both your wealth and your health. We found links between the common issues of health and money, such as balancing a budget along with a diet and how overspending relates to overeating.
Here are some of the things we found in the Health-Wealth connection:
- Same/Same – The same thought process needed to say “no” to bad foods, also apply to saying “no” to impulse buying. One of the key principles we found begins with “You are what you think.” If you are always thinking, “I’m fat and I’ll never get this weight off” then you become that thought. If you tell yourself “I’ll always have consumer debt, that’s just the way of life for us.” Then you’ll likely fulfill that thought as well. But if you look at yourself and say, “I can get healthy both physically and fiscally.” Then you are more likely to take the steps that lead to the action necessary to gain health and wealth.
- Someone Else – Having accountability can help you get healthy fiscally and physically because you know you are going to have to step on the scale or answer those financial questions. So joining a Weight Watchers type group will hold you accountable or downloading the free Fitness Pal can also serve the same purpose. Likewise, finding a reliable “Money Buddy” you can meet with weekly can also help. This is someone who will ask you the hard questions like “How did you do in the area of spending this week? What about sticking to your budget? Did you have any impulse buys?”
- Strategies – Zig Ziglar said, “If you aim at nothing, you’ll hit it every time.” Studies indicate that those who are more likely to be healthy in their bodies and their wallets are those who have a plan. So track your spending and track you calories and exercise in order to develop a strategy to dump debt and gain health. Having clear strategies will help you overcome emotional eating and spending. For example, Danna and I developed the “3Ds” whereby you: 1) Determine a course of action 2) delay the impulse and 3) distract yourself from the temptation. Just memorize these 3Ds and every time you are tempted to go for the pumpkin spiced latte or spring for the Michael Kors bag (on sale) at the base exchange, then recite your 3Ds and you will overcome the urge to splurge!
- Stress Busters don’t have to rely on food or money. It’s proven that a person is most likely to go off their healthy lifestyle plan when they are under stress. Relieving stress can be as simple as getting 8 hours sleep a night (studies indicate those who sleep better, weigh less), taking a bubble bath with aromatherapy (I like the calming effects of lavender), and exercising by taking the kids for a walk or plugging into a yoga class at the base gym. All these are inexpensive stress busters that can help your bank and body!
It’s also important to create charts or use apps to track your accomplishments so that you can recap how far you have come and how far you may still want to go in order to develop your Lean Body and Fat Wallet.
Top Ten Failure Factors That Keep You From a Lean Body, Fat Wallet
- Set unrealistic goals
- Motivated by the wrong motives
- Believed failure was inevitable
- Fulfilled the need for immediate gratification too often
- Influenced unduly by other people
- Practiced a “deprivation mentality” – all or nothing/black or white
- Rationalized and made excuses rather than taking responsibility
- Displaced emotional issues through overspending and overeating
- Procrastinated rather than taking action
- Lacked the tools to make compounding incremental change
Find more information on this book at www.elliekay.com bookstore!
America’s Family Financial Expert (R)