The woman holds the money
We all know that exercise is good for us, especially as we age. While it certainly boosts our physical bodies and mental health, did you know that exercise can supposedly increase our overall income as well?
That’s what a recent study says. In October, the publication Clinical orthopedics and related research published research that examined the relationship between household income and mobility among 19,430 adults aged 66 and older. The results found that there was a link between the decline in mobility and the loss of income in particular, about $3,410.
After a decade, those who maintained their mobility had incomes that were $6,500 higher than those of individuals who did not move regularly. The study concluded that better mobility was associated with more than $3,000 in annual income.
In other words? Regular exercise can have a significant return on investment, the study says, and can result in longer working years.
So, is it really possible that working out on an elliptical machine can make you more money? We asked two financial experts to share their thoughts and further confirm whether it’s the right thing to do.
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Is there really a connection between exercise and more money?
Dr. Tracy Williamspsychologist and certified financial therapist, believes these results provide another example of the long-term benefits of exercise.
Greater mobility does not only benefit us physically, she says. Mobility exercises can relieve stress. We know that people who have lower stress are more likely to be more productive and experience greater job satisfaction. Our brain health also gets a boost from exercise, helping us with memory processing and concentration and preventing cognitive decline. These benefits then lead to not only being able to work longer hours, but also being more efficient workers in old age.
Jen Reid, a financial management coach, clinical hypnotherapist, and Neuro-Linguistic Programming (NLP) practitioner, speaks from a personal standpoint, saying: My opinion is that people who exercise and have more mobility will absolutely earn more per year. As an athlete and avid fitness addict and financial planner, I believe that our physical, mental and financial states are interconnected.
Reid believes there is a strong correlation between healthy habits, such as exercise, and higher levels of self-esteem and personal pride.
When you are confident in yourself, what do you do? How are you behaving? You are more likely to ask for a raise, put yourself in opportunities that will strengthen and grow your career faster, be open and honest with others around you to talk about money, take steps to interview for a better job, start a business, start investing or even they are looking for financial help.
And all of that, believe it or not, can be at least partially the result of incorporating an exercise routine into your life.
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Does the amount of exercise matter?
As Dr. Williams points out, the study highlights that just exercising one day a week and adding resistance, such as weights, produces lucrative results.
Maintaining your mobility doesn’t take much effort, she says. As with exercise for any purpose, meet where you are and do what you can. Every effort is great.
While it’s a basic effort, according to the study, Reid believes that to maximize results, financial and otherwise, you should aim to get your heart rate up two to four times a week.
“I think there’s a benefit to stimulating a response in the nervous system that you challenge yourself, get uncomfortable, and be able to accomplish what you set out to do,” she says, adding that a Zumba class or SoulCycle session can work to ensure those financial gains even more.
Group exercise options where you can connect, socialize and network can be beneficial to your income as it relates to exercising your emotional intelligence and social skills, says Reid. Networking and social skills are essential to increasing your overall income.
Related: New Research Says 60 Seconds of Exercise Can Make Up for 14 Minutes of Sedentary Activity Here are 10 One-Minute Exercises You Can Try
Besides earning more, what are the benefits of working out?
Let’s say that money is not your be-all and end-all in life. That’s definitely fair, and maybe the idea of working out to make more money isn’t all that motivating. Or you want to keep in mind other gains besides the potential increase in income.
In any case, simply take a look at the benefits of physical activity listed by the World Health Organization (WHO):
And remember that you don’t have to be perfect at maintaining a regular exercise schedule or an Olympic athlete. Again, whether you’re aiming for more money or not, tailor each move to your unique needs and abilities. And of course, if you have any physical limitations, be sure to consult your doctor before starting any exercise program.
Create a space where you have encouraging self-talk when you’re working to increase a practice you’re committed to or patience and grace when you’re just starting out, Reid says. There is power in knowing that exercise benefits not only your income and net worth, but your lifestyle as a whole.
Next, discover six mental health benefits of exercise.
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