Episode 49: How Investing in Your Health makes you Rich
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Want to be a millionaire? It might start in the gym. As we head into the New Year, everyone is looking at their goals and their bank accounts—but did you know they are directly connected?
In this episode, Mike and Mikey (fresh off his first week of fatherhood!) dive into the economics of health. We break down the hard data showing how physical activity directly impacts your salary, your future healthcare costs, and your ability to retire wealthy.
We discuss:
- The "Fitness Tax" on Your Salary: Research shows that for every fitness level lost, household income drops by over $3,400.
- Investing in the "Bank of Tomorrow": How being active in early adulthood saves you nearly $2,000/year in future medical costs.
- Insurance vs. Results: Why using your health insurance for rehab ($50 copays x 12 weeks) might actually be a worse investment than paying cash for personalized care.
- The Home Gym Hack: How to build a full home gym to have long term savings
- The Million Dollar Math: We run the numbers on compounding interest to show how staying healthy enough to work just 5 extra years can turn $1.1 million into $1.8 million.
The best time to start investing in your health was yesterday. The second best time is today.
Disclaimer: Although we are healthcare providers, we are not your healthcare providers. This content is for educational purposes only. Please consult your physician before making lifestyle changes.
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