exploring health as a form of wealth
Financial advisors often face high stress due to the pressures of the job. According to a survey conducted by the Financial Planning Association, a staggering almost half of all financial advisors reported feeling stressed “all the time”. This was particularly concerning, as the survey also revealed that financial advisors are more likely to experience feelings of overwhelm or burnout than many other professionals.
This is likely due to the fact that financial advisors are responsible for managing the financial affairs of their clients, analyzing market trends, developing strategies to maximize profits, and understanding the complexities of the financial industry - all while helping their clients to manage their own emotions around money.
These stress levels can have serious health implications. A recent study from the American Psychological Association found that financial advisors are more likely to suffer from heart disease and high blood pressure than other professionals. They are also more likely to report depression, anxiety, and other mental health issues.
To protect themselves, financial advisors should take a proactive approach to managing stress and their health. This can be done by learning how to treat their health as if it were a retirement asset by having a plan, tracking trends, and establishing healthy routines.
In my experience, there are five pathways to health that must be in place to have a long healthspan: glucose stabilization, metabolic flexibility, oxygen utilization, joint and muscle function, and reducing health taxes such as stress, poor sleep, and harmful substances. Not having all five pathways in place means financial advisors are leaving money on the table when it comes to their health.
If you are curious how your health is doing, take this free quiz and get your Wellth Score. Awareness is the first step in growing "wellthy."