Know Your Money with Bronwyn Waner and Craig Finch
Know Your Money with Bronwyn Waner and Craig Finch
79. How Well-being Boosts Your Financial Health - Wheel of life 3
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Can balancing your health and fitness truly transform your financial well-being? Join us as we explore this compelling connection in the latest episode of "Know Your Money" with Craig, Bron, and Warren. We share personal stories and actionable tips to help you integrate health-conscious decisions into your lifestyle, emphasizing the importance of daily habits, exercise, and nutrition. Learn how neglecting your physical health can lead to costly medical bills and a decline in mental well-being, and discover practical ways to prioritize your health even amidst busy schedules and family responsibilities.
Listen in as Bron reveals her struggles with maintaining a healthy lifestyle while raising young children and Warren offers insights on making exercise a non-negotiable part of your day. We also discuss the eye-opening revelations from the book "Unprocessed," which highlights the perils of ultra-processed foods and the benefits of cooking from raw ingredients. This conversation is packed with valuable information to help you achieve a balanced life, ensuring that your body and wallet both thrive. Join us for an episode that promises to change the way you view the intersection of health, fitness, and financial success.
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www.growthfp.co.za
Welcome to Know your Money, where we will explore our relationship with money and how the psychology of it impacts our financial decisions, as everyone thinks about money differently. In our podcast, we'll be presenting a variety of financial topics in an easy to understand way, which we hope will assist you with managing your money. Hello everybody, welcome to Know your Money. Craig Warren, how are you today?
Speaker 2:I'm good, bron and you.
Speaker 1:Very well, thank you and.
Speaker 3:Warren, how are you today? I'm feeling swell, craig, and it's only because I get to see you two. Absolutely, you miss us every Monday, don't you? You know what, craig? My week is a long week, but when Monday comes, you can ask Kirsten, I'm very excited.
Speaker 2:So we're galloping around this wheel.
Speaker 1:We are, and today's slice of the pie is health and fitness. Very important, absolutely. I think it's probably one of the most important things, because without you being healthy, you can't have anything else.
Speaker 2:Exactly.
Speaker 1:Yeah.
Speaker 2:My late father-in-law said that's the only thing you can take into retirement of value. Obviously, your money is important, but if you don't have your health it's a huge problem. So true.
Speaker 1:I also feel like people work so hard, like they work their whole life, so that they have so much money. And then those people that have worked and stressed themselves by not looking at this wheel and trying to balance all these different areas, they make all this money to spend on hospital bills, yeah, and day to day.
Speaker 3:I mean, okay, I've got a cold again again, so I need to buy some over-the-counter medication for it. I need to. Whatever you know, there's always something going on where you haven't been eating right, you haven't been taking care of yourself. Yeah, and those little things, and then you can go on to how it affects you mentally. I mean, you'll feel much better if you exercise yeah, yeah.
Speaker 1:So this is one of those slices of the pie that affect those other wheels so much. And how do you take stock of your health and your fitness and what? What should you do all those daily?
Speaker 2:habits. You gotta. You have to do something every day. In the eating way you got to check what you eat and you make sure you exercise every day. You have it in your diary, not negotiable whatever time of the day. If you're a morning person, go to the gym in the morning or not, go off to work, but you have to do some exercise every day.
Speaker 3:One I would put to you guys, as well as the listeners, to maybe look at. I believe the book is called Unprocessed. I'll double check it and we can put it in the bio, but it it opened up my eyes as to the health effects of eating processed foods.
Speaker 2:I can exclude the biltong.
Speaker 3:No, no. Biltong is all good, biltong is fine, biltong is good, but it's ultra processed foods, so if you're buying a ready meal, it's killing you literally.
Speaker 3:And you really have to cook from raw ingredients. You have to. You know, and by doing that, it was these twin brothers who did it, both doctors, one lived in the US and one lived in I think it was the UK. And his twin who went to the US ballooned and had health problems within months of being there, and it was because of the diet, of the ultra-processed foods he was eating. And then the cost of that. Again, we're going back to the cost, we're going back to the finances and the effect on his relationship, and there's so many things.
Speaker 1:Mental health, all of those things. For me personally, this is probably one of my hardest ones since having kids. Before children, it was very easy to be healthy because you have the time to cook and I could always find time to exercise. But now with like well, the kids are getting a bit older but they're waking up in the middle of the night. Like early mornings is like I need my sleep now I mean going for a run.
Speaker 3:for me at the moment, going for a run in the morning is the last thing I'll do In the winter.
Speaker 1:Yeah, exactly. So you have to find something else. So that's why I pivoted to eating healthy at least, but that's also sometimes I feel quite difficult.
Speaker 3:See, I'm obsessed with cooking and I do all the cooking and I love it and I find it relaxes me. It's a super chilled process for me, so I enjoy cooking. Even if I've had a hell of a long day, hell of a long week, I'll still cook because it relaxes me.
Speaker 1:I'm very lucky. I love cooking as well, but in our house we try to eat by five o'clock every day with the kids. We don't not eat with them, and before I could start cooking at like three, half past three, but now with work, I'm focused on that. Yeah, it makes such a difference.
Speaker 3:So with me, because my businesses have both run out of my house. At the moment I can say right at four o'clock I'm going to go and cook.
Speaker 1:Yeah.
Speaker 3:So people out there, I guess it's harder. But again, it's that we can go back to the episode before. What matters more to you, change your lifestyle. Go back to the episode before. What matters more to you, change your lifestyle and part of that can be a career.
Speaker 1:You can all plan it and that's exactly it. Like back to your point, I think when it comes to health and fitness, the biggest thing that someone could do and if this is something that you struggle with is sitting down and doing that planning. So, like someone said, like cook on a sunday and plan your meals for the week, or what I found so super cool as well, is ChatGPT. You can put in like foods that you like or what you're trying to do and then say to it please give me a 30-day meal plan and recipes that are 20 to 30 minutes long.
Speaker 1:I have done it. I have not used it, but I have done it, but it's amazing, right, yeah, and one thing we try to do in our house is like so there's seven colors of the rainbow and we try to have like a fruit or a veg in a day of each color. So then I put that into the plan and said like come up with different things Fun for the kids as well.
Speaker 3:Can I give you another example about the fitness side of things? So my father he decided to do the Oxpecker and going into that, he was very regimented with his training and what that meant is his health got better, but also his finances got better because he wasn't going out and eating, he wasn't having as many bottles of wine during the week with my mom and so he's realized that for him he needs to set fitness goals now.
Speaker 3:So he's decided he's going to do a half marathon soon, so to keep him on that track of a fitness goal and how that fitness goal then affected his other goals.
Speaker 1:Yeah, which is, I think, really cool. So those goals and plannings is ideal.
Speaker 2:And when you're young, your health is there. When you get to my age, it often is part of your.
Speaker 3:When you get to my age, it goes man.
Speaker 2:So that can happen. And then you've got to make sure that. Back to cover. What cover do you need? That you have dread disease cover when you're young. You purchase it when you're young because when you get to my age you probably won't get it, yeah, and so you get it when you're young and if anything happens, you cover it and you make sure you've got loss of income. We've spoken about that many times before, how important that is. So if your health does fail and you can't work, you are able to still get a salary, and that's so important. And medical aid.
Speaker 3:I wish I had loss of income cover right now.
Speaker 1:Yeah.
Speaker 3:With having had this bad leg for a few days and being able to do work yeah.
Speaker 1:Absolutely. And I also think a big factor that in our practice that we do incorporate is when it comes to financial planning. You plan for your retirement and you view it now, when you're healthy and you're fine. People often don't consider, like, what happens if you do have to go into home and have care? What happens if you need a full-time nurse? Those things are like 20, 30,000 around a month. That isn't factored into your retirement planning. So for certain clients we try to add that in. You know, if you have a surplus, don't just see it as a surplus and now go blow money, factor in those things. And the beauty of that is, if you don't get that, you can leave more for your children. So health and fitness needs to be thought about always.
Speaker 3:Yeah, agreed, definitely.
Speaker 1:Yeah, keep healthy, keep walking Just keep agreed, definitely yeah, keep healthy. Keep walking, just keep walking, johnny Walker.
Speaker 3:It's better than nothing.
Speaker 1:Just don't Johnny.
Speaker 3:Walker, as you say. Thanks guys, see you next Monday. Thank you very much, bye.
Speaker 2:Bye. Thank you for listening. If you have enjoyed this podcast and would like to subscribe, please visit our website, wwwgrowthfpcoza. The information we have provided in this podcast is our personal opinion. For more detailed information, please discuss your financial situation with a financial planner.