Tag Archives: health

What Exercise has NOT done for me

By Carolyn A. Fox

Special to Financial Independence Hub

When I started riding my stationary bike about a year ago, I had a vision of what exercise would do for me. I’d become a stronger, healthier person. I’d lose weight. My desk would be tidy and my bookshelves in alphabetical order. I’d be taller. I’d be younger.

That last goal was inspired by a book called Younger Next Year, by Chris Crowley and Henry S. Lodge, MD. They wrote that, although everyone is going to die, years of decrepitude at the end of life are avoidable. There was a way to counteract the relentless decline of aging. Unfortunately, the only way to release the rejuvenating chemical was daily physical exertion.

As a woman of a certain age, I no longer focused on whether exercise would help me look good naked. Instead, my goal was to be able to get to the bathroom by myself well past the age of ninety. Caring for my elderly mother, I learned that being able to drive a car isn’t the key to independent living. It’s being able to get to the potty on your own.

One benefit of the stationary bike was its convenience. On my morning commute from the bedroom to the kitchen, I passed the exercise room and could hop on the bike.

I bought my stationary bicycle second hand for $40. I felt frugal saving thousands of dollars compared to the latest high-end stationary bikes. Those gorgeous new machines had a screen that makes it look like you’re biking in the Tour de France or across Tuscany. Or you could take a virtual spin class with a live instructor.

But what those high-tech bikes couldn’t do was distract me from the fact that I was working out. Exercising wasn’t fun for me. I needed distraction. My riding times improved considerably when I started watching Netflix on my tablet. I wanted to peddle vigorously while catching up on episodes of Capote and The Swans. I wanted to forget that I’m on the bike and just have the minutes tick by.

My goal was to ride for an hour. At first, if I rode fifteen minutes, I was exhausted: breathing hard, awash in perspiration, and rubber-legged my first few steps after climbing down. But I kept increasing my time a few minutes each day.

The hour-long ride eluded me for months. At fifty minutes I’d stop and tell myself that I could have ridden for another ten minutes if I really wanted to. Then I pushed through to fifty-five minutes.

When I finally rode a complete sixty-minute hour, it was a huge victory. I jumped off the bike, pumping my fists over my head as I did the Rocky dance. My cat looked at me like I was nuts.

Elated, I called my cousin to brag. “I biked for an hour today.”

“You did?” she said. “You’re an animal.”

“I’m an animal!” I shouted.

My cat shot me a look that seemed to say, “Leap to the top of the refrigerator, then tell me who’s an animal.” But I was in no mood to yield the field. I had done what the go-getters in spin class dog: I rode for an uninterrupted sixty minutes.

As hour-long rides became my routine, some things changed. I could talk on the phone while I was riding. My recovery time became much shorter. My legs wanted to dance, which could be embarrassing if I was standing in line at the bank.

Things that DIDN’T improve with regular exercise

But my life hadn’t become perfect. Here are a few things that didn’t improve with regular exercise. Continue Reading…

Financial Health and Physical Wellness: Proactive Strategies for a Secure Future

By Matt Guenther

Special to Financial Independence Hub

The link between financial well-being and physical wellness is clearer than ever in the fast-paced world of today.

The purpose of this article is to present a thorough understanding of this complex relationship and emphasize the need of implementing preventative measures in order to ensure long-term security.

Recognizing the Connection

Stress related to money can harm our physical well-being and result in a variety of problems, including chronic illnesses, anxiety, and insomnia. Similarly, low physical health can financially burden finances due to higher medical costs and lower productivity at work. Acknowledging this interdependence is essential to implementing a comprehensive strategy for overall wellness.

How Financial Stress affects your Health and Vice Versa

  1. Financial Stress

Financial stress is the emotional and psychological strain arising from financial problems or uncertainties.

  • Causes: It can stem from various factors such as debt, job loss, inadequate savings, unexpected expenses, or economic instability. Individuals and families may experience financial stress when they perceive a gap between their financial resources and their lifestyle demands.
  1. Impact of Financial Stress on Health
  • Mental Health: Persistent financial stress is strongly linked to mental health issues, including anxiety and depression. The constant worry about making ends meet or dealing with debt can contribute to heightened stress levels.
  • Physical Health: Chronic stress has been associated with a range of physical health problems, including cardiovascular issues, sleep disturbances, and compromised immune function.
  1. Behavioural Responses to Financial Stress
  • Unhealthy Coping Mechanisms: Some individuals may adopt harmful coping mechanisms, such as excessive alcohol or substance use, overeating, or neglecting self-care, as a response to financial stress. These behaviours can further exacerbate health problems.
  • Reduced Access to Healthcare: Financial Barriers to Healthcare: Individuals facing financial stress may delay or avoid seeking medical attention due to the cost of healthcare services. This can result in undiagnosed or untreated health conditions, leading to more significant health issues over time.
  1. Job Performance and Productivity
  • Impact on Employment: Financial stress can affect job performance and may even lead to job loss in extreme cases. The loss of employment not only exacerbates financial stress but also disrupts one’s sense of security and stability, impacting mental health.
  1. Vice Versa: How Health affects Finances
  • Medical Expenses: Poor health can lead to increased medical expenses, including doctor visits, medications, and possible hospitalization. These costs can contribute to financial strain, especially if the individual does not have adequate health insurance coverage.
  1. Work Productivity and Income
  • Reduced Productivity: Health issues can result in decreased work productivity, absenteeism, or the inability to perform specific job functions. Financial stress may then be exacerbated due to lower income or job loss.
  1. Breaking the Cycle
  • Financial Literacy and Planning: Improving financial literacy and implementing effective financial planning strategies can help individuals mitigate financial stress. Understanding budgeting, savings, and investment can contribute to a sense of control and security.
  • Practices for Health and Well-Being: In a similar vein, embracing a healthy lifestyle, learning stress-reduction strategies, and promptly seeking medical attention can enhance both physical and mental health by interrupting the vicious cycle of stress and its negative effects on finances and health.

Proactive Financial Strategies 

  • Financial Planning and Budgeting for a Secure Future

The first step toward securing your financial future is to create and stick to a budget. Goal-setting, tracking expenses, and making decisions are all included in this section on the practical aspects of budgeting. A well-structured budget acts as a roadmap for obtaining financial stability.

  • Investment and Savings Tips for Long-Term Stability

Long-term financial stability depends on having a solid savings and investing plan. From determining your risk tolerance to researching various investment options, this section offers helpful advice on accumulating wealth and guaranteeing a secure financial future. Continue Reading…

Most near-retirees would keep working if they could reduce hours and stress

Statistics Canada

Canada’s aging population means more retirees but most Canadians contemplating retiring say they would keep working if they could reduce their hours and stress. That was the top line of a Statistics Canada Daily release issued early in August. It was also the subject of a CBC Radio interview I conducted that aired in multiple cities on Thursday, Nov. 2.  Here’s the link.  Go to Episodes, then Nov. 2nd, then click on the line that says Canadians would choose to work past 65 under certain circumstances.

The interviewer is CBC Business columnist Rubina Ahmed-Haq, who focuses on money, workplace and financial wellness.  The 4-minute interview with me and others touched on most of the topics this site does, including semi-retirement, entrepreneurship, Findependence and Victory Lap Retirement (the latter a book I co-authored with ex banker Mike Drak.). At the outset I clarified that I myself am still working at at 70, albeit self-employed through this web site and regular writing and editing for MoneySense.ca.

I was asked about the FIRE movement (Financial Independence/Retire Early) and I explained that while there are many FIRE proponents who claim to have “retired” in their 30s, in my experience these people have not really retired: rather, they have ceased to be salaried employees with the commuting grind, bosses and meetings and all that comes with it. Most have in reality become self-employed or semi-retired entrprepreneurs: in fact, many of the FIRE bloggers I have read are running web sites that accept advertising, and/or writing books that pay royalties and in some cases are on the speaking circuit accepting speaking fees. Having done all of these myself over the years, that’s not my idea of full retirement!

10% of 70-plus cohort still working at least part-time

Statistics Canada

Going back to the Statistics Canada Daily, it reported that in June 2023, 21.8% of Canadians between ages 55 and 59 were either completely or partially retired. That doubles to 44.9% for those aged 60 to 64, and doubles again to 80.5% for those 65 to 69. By the time Canadians reach my age (70), it plateaus around 90% who are at least partially retired.

Interestingly, as I may have alluded to on-air, I can think of several people who are working well past 70, including some prominent journalists and financial gurus. I guess both are seen by proponents as a relatively satisfying occupation, particularly those who like myself do both by writing (or editing) about money.

Not surprisingly, for those who are completely retired, the main factor in determining the timing was financial: usually having qualified to start receiving pension benefits. This was cited by 35% of the men and 28.2% of the women who reported being completely retired.

Continue Reading…

How to age gracefully

 

How can you age gracefully? What exercise, diet, or wellness tips should people in their 50s follow?

To help those in their 50s age gracefully, we asked business professionals and marketing experts this question for their best wellness tips. From meditating every day to keeping up with good dental health, there are several great exercise, diet, and wellness tips that may help you age gracefully.

Here are 10 exercise, diet, and wellness tips for people in their 50s:

  • Give Yourself Permission to Take Care of Yourself
  • Mediate Everyday
  • Give Your Body What It Loves
  • Customize Your Routines
  • Focus on Mental Wellness
  • Minimal Processed Food
  • Get Some Fresh Air
  • Dental Health
  • Realistic Goals and Consistent Action
  • Low Impact Workouts

Give yourself permission to take care of yourself

Adopting healthy habits is key to a lifetime of health and wellness.  Finding ways to reduce stress such as meditation or even a walk and focus on a clean diet that energizes rather than slows you down. In addition to physical exercise, exercising your mind is key to aging gracefully. Reading often, learning new skills and information, social interaction, and even using meditation to clear your mind. Giving yourself permission to take care of you, is key! — Carol Bramson, Side by Side

Meditate every day

It may sound cliche, but meditation is the best way to age gracefully! I am a firm believer that if you want to look better on the outside, you must start on the inside. By meditating every day, you can cleanse your mind and rid yourself of the stress and negative thoughts that weigh you down. You will be surprised by how much of a difference mediation will truly have on your skin, posture, and overall glow: it is the best-kept beauty secret since ancient times. — Nikitha Lokareddy, Markitors

Give your body what it loves

Although I am not in my 50s, I have found that as I have matured, I have gotten to know myself and my body a lot better! For me, aging gracefully is all about simplicity and consistency. I know what foods my body loves, what workouts improve my physical and mental strength, and what products I can’t live without. All in all, my tip is to stick to what you know. — Vanessa Molica, The Lash Professional

Customize your routines

As someone who works in healthcare, I have a unique perspective on how you can age gracefully inside and out! Many people think that copying the workout and skincare routines of beautiful celebrities will do the trick, but the key is to customize your routines for your body. The only way to do that accurately is to consult professionals. Dermatologists, nutritionists, and trainers have the tools and knowledge to ensure that your age is nothing but a number! — Dan Reck, MATClinics

Focus on Mental Wellness

Whether that means tackling daily brain exercises or relaxing your mind on a recreational vacation, focusing on mental wellness is one critical area for people to focus on in their fifties. Keep the mind clear and fresh, because the mind leads the body. — Randall Smalley, Cruise America

Minimal Processed Food

Staying active and reducing stress are two key elements that contribute to aging well. When it comes to diet, there’s a large fixation on certain “superfoods” that are key to longevity. In reality, eating a variety of wholesome, minimally processed foods is key to keeping down inflammation in the body and aging well. Because the eyes can show acute signs of aging, opting for a safe and effective treatment like an eye lift is a great way to age with grace. — Michael Herion, Carrot Eye Center

Get some fresh air

As you get older, lots of people lose their sense of adventure and stop enjoying all the great outdoors have to offer. Regardless of whether you prefer a light hike, a horseback ride, or a day on the water fishing, get outside! Continue Reading…

7 simple tips to keep the Holiday Blues at bay

By Kate Barrington

Special to the Financial Independence Hub

This year has been a tough one and if you’re not feeling merry this holiday season, you’re not alone. On top of the usual hubbub of the holidays and, for many, the challenge of seasonal depression, we’re still in the middle of a global pandemic. No one can blame you if you’re feeling a little overwhelmed.

What is usually a season of cheer may be a little less bright this year, especially if you’re not able to see your loved ones. Even if your holiday celebrations have all gone virtual, however, there’s still plenty of preparation and planning to do: and plenty of room for the holiday blues to creep in.

If you’re worried about the blues hampering your holiday, here are seven simple tips that may help:

1.) Make daily connections

In a time when we’re all staying home, feelings of isolation are common. One of the best things you can do to keep the holiday blues at bay is to make an effort to connect with at least one person per day. Reach out to friends and family, even if it’s just a simple telephone call to see how they’re doing. If you feel comfortable meeting up in person, invite a friend for a walk or an outdoor coffee date. Even writing a letter or sending an email can help you stay connected.

2.) Get your daily dose of vitamin D

As the seasons change and days become shorter, decreased sun exposure often leads to a drop in serotonin levels, which can trigger a pattern of seasonal depression. If you’re prone to the winter blues, make an effort to include natural sunlight in your daily routine. Take a walk in the morning, eat your lunch outdoors, or take one of your Zoom meetings outside. Aim for 15 to 20 minutes of sun exposure per day to help increase your brain’s production of serotonin and enjoy the mood-boosting benefits.

3.) Try new forms of exercise

Staying active is essential for reducing anxiety and depression. It may be cold outside, but there are plenty of ways to get your sweat on:  you may not even have to leave home! Now is the perfect time to try a new online fitness class or an at-home workout routine. Aim for 30 to 60 minutes of exercise per week to keep your physical and mental health in balance.

4.) Make yourself a priority

If you’re feeling overwhelmed with holiday plans, remember you can always say “no.” Make your mental health a priority and learn to identify the signs of stress when they start to creep in. Continue Reading…