The healthier you are, the richer you get. And the richer you are, the healthier you get. You’ve certainly heard about vicious cycles – but what about healthy ones? The truth is, getting a great night’s sleep can help you reach your financial goals, in no time. With that in mind, let’s delve into how a good night’s sleep can benefit you financially.
Step 1: Sleep better!
I’m sure you’re thinking: Easier said than done! Fair enough; as having trouble sleeping affects 7% to 19% of adults in the USA, according to the National Institutes of Health. Can you imagine that 50 to 70 million Americans have chronic sleep disorders? It’s astonishing how such a vast number of people can’t follow a regular and healthy sleep schedule. If you’re one of them, here are some good solutions:
Sleep patches. Melatonin patches can help you greatly in reaching that comfortable deep sleep, even during the day. Just place them in a hair-free body part, like the inner wrist, two to four hours before going to bed and you’ll definitely feel the difference.
Exercise. If you enjoy a more natural approach to life, doing exercise in the later part of the day can help tire your muscles and mind. If you exercise in the morning, we recommend changing your schedules.
Podcasts. This is a great entrepreneur’s trick. Not only do podcasts help your mind to stop overthinking about everything, just before bed, but you can also listen to people who are experts in their field and learn with them.
Step 2: A Rested Mind is a Focused Mind
What is the main way a great sleep schedule can help you get richer? Focus. Luck aside, focus and determination are two big factors in someone’s wealth, and you can’t reach them without a clear and well-rested mind. If you wake up in the morning and you’re still thinking about yesterday’s problems, I’m sure you hadn’t had a great night’s sleep. Now, if you wake up and you start the day by figuring out solutions for the challenges you’ll have today, that’s the result of a focused mind.
Sure, we’re talking about general concepts and abstract terms. No worries; I’ve got some data for you! In 2016, Matthew Gibson and Jeffrey Shrader, from Williams College and the University of California, published a study showing that people who slept an extra hour at night saw their wages increase by 5% in the long run. Also in 2016, a survey by CareerBuilder showed that nearly a quarter of Americans (24%) said the lack of sleep makes them less productive; another 17% stated that it affected their memory.
Now, you’ve noticed how sleep can help you and your wallet in a more intellectual and cognitive way, but you can’t overlook the motivation and psychological aspects. Lack of sleep can lead to an increase in stress, which can lead to depression – the number one cause of lack of motivation. Except in those cases where you are born into a rich family, if you want to reach your financial goals, motivation is key. No one gets there without hard work, without persistence, and without taking risks. Living life in the “easy mode” can only take you so far, and if you don’t motivate yourself to reach goals that you once believed were impossible, you are not doing it right.
Step 3: Get Rich!
Surely it isn’t as easy as a one-two-three step course, but it isn’t that complex as well. If you’re having difficulties creating a big change in your life, go for small ones instead. This week, turn your phone off an hour before bed and give yourself an extra hour of sleep. During the day, at your most productive hour, push yourself to another limit, and you’ll see your body will reward that extra hour.
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