There are numerous studies that show that if you are doing well financially, you are most likely doing well with your health.
For example, a study out of the Olin Business School at Washington University in St. Louis found that future-minded people who contributed to a 401(k) were more likely to take steps to improve their health.
Another Duke University study found that low credit scores could be used to predict increased risk of cardiovascular disease.
According to a recent Health poll, people who say they suffer from high stress due to debt were much more likely to suffer from health problems than those who weren't dealing with money troubles.
About 27 percent of those in debt had ulcers or digestive-tract problems, and 44 percent had migraines or other headaches.
These studies confirm what researchers have known for years: Low incomes are linked to poor health, high levels of debt and increased stress.
Research has shown that the less money people have, the more likely they are to suffer from certain diseases, including Type 2 diabetes and heart disease. In low-income households, the rates of obesity, hypertension, and high blood pressure are often higher than average. A variety of factors are to blame, but the fact remains: Money makes it easier to stay healthy.
Unfortunately, people are not taught about how to handle or manage money from an early age. It is seldom ever discussed in schooling, unless you attend a university and study finance. And our society does a very poor job of mentoring people on money.
For example, teachers struggle to make ends meat, however sports stars rake in millions of dollars. People get angry if their pastor drives a fancy car or wears nice clothing, but they have no problem Keepin Up with the Kardashians. A person will scrounge for nickels and dimes when they pass a homeless person on the street, but they will pull out dolla-dolla bills for the exotic pole dancer. You may resent people that have a lot of money to the point that you blame them for cheating people to get it, but if your wallet is empty, money is all you want. You complain about having to spend $100 on medication that may help to save your life, but you don't even bat an eye spending $40 on a carton of cigarettes.
Having been in the health care field for the past 14 years, I have come across a lot of differing personalities about money. I have patients that will pay up front for their health care because their health is that important to them, to people that want to haggle your fees and then ultimately skip out on their bill all together.
I don't think I will ever truly understand what makes a person tick when it comes to money. But I do know this, you will spend the early part of your years acquiring money only to give it all away to doctors and hospitals in your later years, unless you spend wisely now and manage your health for all the years God has given you on this Earth.
"An ounce of prevention is worth a pound of cure" - Benjamin Franklin