Weight Loss and Your Financial Health

by David Bakke

weight lossIt occurred to me quite some time ago that your physical health and your financial health are very similar, especially when one is trying to improve themselves in one area or the other.

A few years ago, I was able to finally get serious about my weight loss and I managed to drop about 35 pounds in one summer. I never went on a specific diet, I never wrote down what I ate, and I never counted calories. I’ll get to exactly how I did it in a minute.

It’s the same thing with my emergence from financial debt. I never put myself on a budget, I never wrote down everything I bought, and I never came up with any kind of A B C list that I thought would see my way out of my financial dire straits.

What I did in both situations was to simply put my mind to it to do something about it.Of course, I do want to be clear on something. If you are the type of person that needs to write down everything you eat in a day or everything you spend in a day in order to reach your goals, then by all means, go ahead and do it.

What I am merely trying to say is that these steps are not requirements to reach your goals.

What you do need, like I said, is to put your mind to it to do something about it. Then, you need the discipline to stay on track until you reach your goals.

Let me give you a few examples. If you are trying to lose ten pounds, do you really need to write down that you eat at McDonald’s three times a week and each time you are eating greasy French fries, a fat-filled burger and a sugar-laden soft drink? I highly doubt it.

It’s the same with your financial health. Do you really need to write down that you spend $20 a week on lottery tickets, that you stop and get a cup of coffee at the convenience store every morning instead of making it at home and taking it with you, and that you just buy your gas wherever, instead of finding the cheapest gas station in your area? Again, I doubt it.

What you should be doing is simply identifying areas of unnecessary spending in your life and eliminating them. Much in the same fashion that you need to eliminate your three trips to McDonalds every week if you’re trying to lose weight.

Do these need to be permanently eliminated from your life? Of course not. In the beginning, tell yourself “No more McDonalds for three months.” Or the same thing with lottery tickets. Once you see some improvement in either area, if you want to, treat yourself!

Financial health and physical health really go hand in hand. The only thing you really need to do is to identify areas that you need to eliminate, then you need to eliminate them, and then you need to have the discipline to stay on track until you reach your goals.

This may sound oversimplified, but it really isn’t. I am living proof. Debt-free for several years now, and 35 pounds lighter for about 3 years now.

{ 2 comments }

1 Daddy Paul March 2, 2010 at 3:45 am

Good read.
A good example is the eggs I bought at the corner store. I walked down to the store (¾ mile) and paid about 25 cents more than the eggs were at the supermarket. Not only did I get over a mile of brisk walking in the two bucks I saved on gas more than paid for the eggs.
.-= Daddy Paul´s last blog ..The best mid cap funds =-.

2 David/Yourfinances101 March 2, 2010 at 9:50 am

Hey Paul,

I love that story. Sure, you paid a quarter more for the eggs, but probably got them for free after eliminating the gas.

And, you got some exercise!!

Great job!
.-= David/Yourfinances101´s last blog ..Weight Loss and Your Financial Health =-.

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