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HealthOK so what do we mean by health, the Pocket Oxford Dictionary says, “Soundness of Body and mind, condition of body or toast drunk in persons honour”
So being healthy is to have a good soundness of body and mind and keeping in god condition. Right now we have got that out the way why is it so important in retirement? Simple the better it is the more you can enjoy retirement, and to an extent the better it is the less money you will need. Why – because to live well in bad condition costs money, period. So this site is about retiring richer, earlier and healthy. Now working the three together can very interesting. This is because like a lot of things in life if you have at least some of the aforementoined you can work the scenarios, if you start early enough. Options if you have healthAt this stage you might be thinking ‘what is this guy talking about’ well here it is. If you retire early you will probably, and a very high probably, live longer. If you retire earlier you will probably need less money in retirement. Why – because you will have more time at an active age to do all the things you want at a lower price, because you have the time, energy and motivation to do them.Example.You work out that you are now 50, you have some money put away and with the expenses you have now your debts etc and your outgoings at retirement you can retire at 64, then move to where you want.Changing the GameOK but let’s look at the example again and see if we can change the game. Let’s say that the above means moving to a newer house, all finished, nearer town. Paying off the car, house and finishing off paying for one childs schooling.But taking another look you could semi retire in 5 years, sell your house now, getting rid of all your debts, rent where you think you want to retire, with a right to buy, but move into a property that needs work. Because you are downsizing all the costs of maintenance are lower, because you will not need the car so much you can get rid of one car and pay the other one off. As you are yoiunger you are happier to take on the challenges of making good a house for retirement. Sound interesting? Then read on… People with few optionsOK this is only one of many many examples, the imporant thing is not if it works for you but that if you have your health, some money and time you have options. I press this point because I come across people who call me for information and they say, I’m nearly 60, I do not have much saved but I have a big house, the children are still and home and I have an injury. What should I do?Firstly, I tell them I am not an advisor but basically they have left it very late, there are still things they can do, but you can see their options have been limited. Moral of this ecample, is START NOW. How can your increase your Health?So what can you do to expand your options. Easy, get as much health as you can. Yes health is one of those things that you can go and get yourself. How, well, eating better, exercising better, sitting better, standing better, managing stress better, sleeping better, looking after yourself better the list goes on and on and on. OK some of it takes time and effort and in some cases money, but is it worth it?How much is your life worth to your?Well how much value do you put on life, $1 per hour, $10 per hour or $100 per hour?If you retire at 55 the stats show you should live to about 88 if you are fairly healthy, we are not talking manik here, just good exercise and good eating and not too much booze. Now the same person works until they are 65 they normally let go of life at 67 and a bit. So being fit and retiing early can give you 21 years. If your value your like at $1 per hour that is worth $183,960 if you rate the value of your life at $10 per hour that’s $1,830,960. Now we have put a value on life where can we start off to get more health?The first place to start is the Body Mass Index, why, it is good to start with the average and work from there. If you are average then you are at least better than 50% of people, as that is what an average normally means.So got to the Body Mass Index (BMI) page and work out what that is. Then if it is higher than it should be work out a strategy to get it to the average. Once there, work out how to get it better. Now to get to the BMI average may take you a week, a month a year, but just keep going unitl you are there. If you plug your stats into a life expectancy calculator, and put in your stats now and then do it again with the average BMI you should see the difference this could make to your life expectancy, hopefully this will be motivation enough. What should you spend on getting to the BMI average – well you now have a way to work out how much your life is worth. Therefore work out how much you would be willing to pay. Now that is a start and I wish you luck, to find out more about health I recommend you sign up to our Free Membership Newsletter, it is packed with information on retirment and health, just pop your details into the form below or click here for more details. Health Now that is a start and there are lots and lots and lots of more ways to inprove your health. I have will be adding loads of infomation on health here so keep on coming back. To find out more about each suject click on the blue text. First Recommendation is our newsletterI would also recommed signing up to our newsletter, to learn more about the lastest and greatest in health for retirment – which does not start at retirement – it should start a long time before. Membership is free just pop your name and email into the form below. Home Life 7Have a look at Tom's site on health and other matters around the home a wealth of information. Go to Home Life 7 .
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