when rakes junjun Wala one of the most successful investors in India someone with a net worth of $5.8 billion was asked about his worst investment he replied my worst investment has been my health I would encourage everybody to invest the most in that well the big bull was not wrong because according to a who report from 2015 nearly 58 lakh people die from chronic diseases such as heart and lung diseases stroke cancer and diabetes and that's not it India is set to have one sixth of the entire entire diabetics of the world the number of
obese adults in India is set to Triple by 2014 so in simple words one in every four Indians have a risk of dying from chronic diseases before they turn 70 now imagine 20 years from now you suddenly have a heart attack and your hospital bill is 40 lakh but your health insurance coverage is only 25 lakh so now it's on you to pay the remaining whooping sum of 15 lakhs from your pocket oh but wait you don't have so much much money because you were too busy living your life in the 20s I want a
party to surprise you even more your health insurance from your company does not cover everything any extra expenses that you incur such as scans blood tests Etc are not covered in most insurance plans and considering medical inflation and an unexpected disease your health insurance coverage would be lesser than what you would need wow that was dark breaks my heart but the question remains how can you exactly prepare for all of this and make your life better don't worry today we're talking about what you can do right now regarding your diet physical health mental health and
your lifestyle so that you don't have to see such a dark day in your future so why is this such an important topic see there are three pillars for a happy life money health and relationships you see all of us are striving towards getting money and having a good relationship because that is something that most of us don't have in the short term health is something that all of us probably enjoy at least in our 20s and 30s but what you soon realize is that once you hit your 40s and 50s if you've been taking
your health for granted it's going to whoop your ass and by then it's going to be really late so today's video I want to emphasize on the importance of taking care of your health and also showing you how much money you can actually save by taking good care of your health most of us think of having a regular Health checkup as a waste of money waste of money if you ask me we might be like you know what I'm fine I don't need a health checkup I'm fine and then 20 years later you wake up
with cancer I know what you must be thinking after spending let's say 5 to 10,000 rupees on an annual Medical Health checkup if everything turns out to be okay you think that you wasted that money but that's not the right mindset guys having a regular checkup at least once a year is super critical to avoid big medical expenses in the future that's how you think about it so do not compromise on your health checkup so many insurance companies gives you rewards for being healthy even where you work some employee Wellness programs offer insurance discounts or
even pay people to stop smoking lose weight or meet other health goals now I know a health checkup can be costly upfront but it'll also save you money in the long run by catching a disease in its incubation stage is way better for me physically mentally and financially let's say that I have type two diabetes now in most cases with identification at an earlier stage it could have avoided medication with proper exercise and good diet with the advice of a doctor but since I only realized that I had diabetes at a later stage now it's
too late and I have to depend on medication and on an average it will be around 3,000 to 8,000 rupees per month on medication now that's a lot of money even without considering inflation now if I spend on medication for 10 years that's aing 14 lakhs after existing for inflation not only the medication cost but there is also a huge one-hot payment due to long-term complications of diabetes complications such as heart disease Strokes kidney failure and foot problems some of these complications such as heart surgery may even cause 40 lakhs in the future or the
entire procedure for a kidney transplant can cost you a whopping 14 lakhs today now not everyone is financially well off some of us might even have to sell our Assets in order to be able to afford such surgeries if your health insurance cover is like most people's that's around 5 lakhs you better turn that up and get a separate one because relying only on company health insurance is the stupidest thing that you can do since it's mostly around 3 to 4 lakhs in a few years you would even get a bandaid for 5 lakhs from
the hospital okay that's a joke but when medical costs are doubling every 4 years you cannot take this casually like your Bumble dates anymore also when you finally retire at 60s you won't have a health insurance policy because your company will not be giving it to you anymore you could try to Port your company health insurance to individual health insurance policy when you retire but that is dependent on your health condition at that time and at the rate at which we are belting junk food and leading a sedentary office lifestyle I don't like our [Music]
chances today most good health insurance companies also give you a free annual medical checkup every year you can also reduce your checkup expense by almost 50 percentage by claiming a reduction of up to 5,000 rupees for health checkup under Section 80d while filing taxes plus an additional 5,000 rupees if you include your parents if you want to learn about how to pick good health insurance policies check out the one person Finance Club this is a One-Stop solution to learn everything about personal finance right from goal planning asset allocation optimization mutual fund selection and rebalancing health
insurance life insurance motor insurance planning and finally tax planning you also get access to India's first personal finance Community Freedom cult where you can join weekly live sessions with me and other guest speakers already 7,500 plus people are a part of this the link to join is in the description down below now why do you need a health checkup in the first place why don't you just open on your phone and check out swiy and zato and see the number of times you've ordered food in the last 1 month I don't blame you I mean
who doesn't like taking a bite into a big juicy cheeseburger and wash it down with a sugary soft drink your brain rewards you with the burst of dopamine I mean we love things that slowly destroy us don't we just like that toxic ex or the one-sided Crush who has been playing with your feelings for quite some time in India more than 135 million people that's like 10% of the population are affected by obesity being obese increases the chances of disease including 13 types of cancer now when it comes to how long it takes to reduce
weight that's depended on a lot of factors such as exercise diet age Etc so if tarun Gill claims you can lose 10 kgs in 25 days it's definitely a scam so the basics of weight loss revolves around your calorie intake and calorie consumption essentially eat a little less and move a little more it's not rocket science guys and if your lazy ass doesn't want to do that there's an alternative what if I tell you that you could benefit from working with a dietitian a dietician will work with you to understand your particular needs and design
meal plans accordingly hey Sharon you just told us to eat less and move more why do I need to hire a dietician now I know the basics sure you can do it by yourself but we don't know all the required things that an expert might know dieticians can also help us slow down or fight off our predisposed diseases which we might find out years from now another reason why you need a dietition is because you will be held accountable for your meals you will be put pushed and motivated to maintain a proper diet by the
dietician and now that you're paying for it you'll take more responsibility to follow the plans in India an average dietitian charges around 1,000 rupees per consultation whereas top dieticians can charge as high as 20,000 rupes per consultation the dietitians fall up with you every month so if you aren't making progress they get you into a guil trip this will help you track your diet goal progress and lifestyle changes over this period until you're satisfied with the results I know the next thing you're going to tell me is that all of this can be very costly
but you choose do you want to bear this minimal cost now or do you want a cardiac AR 20 years from now and have a Bill of 40 lakhs for which you may have to sell some of your assets if this isn't enough to motivate you let me tell you something else so guys this is the mistake that we're making While most of us might be allocating a certain amount of our monthly budget towards investments in mutual funds and stock market we are not thinking about allocating a monthly budget towards an investment in our future
health you see people like LeBron James spend close to 1.5 million dollar every year that is 12 crores every year on their health now I know people like LeBron James for them health is very important for their career but your lifespan is also dependent on your health guys so I think it is super critical to allocate a certain portion of your monthly income towards your future health and your future 60-year-old person will thank you today if this isn't enough to motivate you guys then let me tell you something else exercise exercise exercise no I don't
really care about your health I'm telling you this from a Financial advice because a study showed that people who exercise regularly tend to get paid more than those who don't this is because it increases their productivity reduces their stress and increases their discipline you see regular Health exercise can also prevent a wide range of long-term risk factors like obesity hypertension diabetes and injuries from falling according to a study by Howard if you can do 40 or more push-ups in one attempt then you have a 96% lower risk of heart problems than those who can only
do 10 or fewer push-ups maybe some of you can't even get up after half a push-up and that's embarrassing but here's something else you could do getting even 150 minutes of moderate physical activity a week can lower the risk of developing diabetes heart disease and strokes those 150 minutes can be spread across 5 days for even 30 minutes each day now we all know what you nerds and virgins spend 30 minutes every day doing instead of that just do some moderate cardio and no that isn't considered cardio in a study published by Journal of Labor
research on average those who exercise regularly were found to earn between 6 to 10% more than their less active colleagues the research defined regular exercise as getting in at least 20 minutes of physical activity a minimum of 3 to four times a week now I'm not saying that exercise will magically get you more money or give you a RIS but it does lead to more energy levels more productivity and reduced stress all that combined can lead you to earning more and I can vouch for that personally being Physically Active also lowers your risk for developing
several common cancers such as bladder breast kidney lung cancers Etc hence it's is very important to stay fit guys and healthy because it also benefits you financially of course I do understand that gym memberships are costly especially ones with all of those crazy equipments and jacuzzi and spa and sauna and all of that but what if I told you paying for a gym membership every year would still be cheaper compared to an unexpected health issue at a later stage I have built a model to show you the numbers in this tool it shows shows us
that even if you spend let's say 20,000 rupees per year on your Fitness on gym memberships you know proteins and all of that it can save you around 72 lakhs in medical cost over a 40e period how check the link down below it's completely free to use you can check that link in the description down below if you're still not convinced let me tell you how exercise will help you MoneyWise right now because this is after all a finance Channel exercising regularly can help you reduce your health insurance premium just like Insurance penalize you for
smoking they incentivize you for exercising insurers offers something known as Wellness benefits to their customers in the form of Premium discounts during policy renewal whenever they exercise for example alya Billa provides 100% refund on premiums in one of their plans this is not a promotion guys this is just an example of one of the insurers providing this sort of a benefit one needs to have at least 13 active days every month to get 100% refunds one active day is equal to 1,000 steps or 300 calories burned or a 30-minute gym session per day and they
track all of this through your Fitness Watch so now we've understood about physical health aspect of finance but what about mental health a wh study done in India in 2015 shows that 15% of Indians need active intervention for one or more mental health issues and 5% of Indians suffer from depression in 2012 alone there were 2 lakh 58,000 suicides with the age group of 15 to 49 being most affected the the pandemic has mothered all of our mental health control it has taught us that you don't need to be mentally ill to seek mental health
did you know that bad mental health can affect your physical health as well for example depression has been linked to diseases such as diabetes ASA cancer cardiovascular disease and arthritis two out of three people with depression have increased aches and pains as well similarly 50 to 80% of people with mental health conditions also have sleeping problems now imagine how much of these aches pains and sleepless nights are going to cost you frequent doctor visits frequent medication and reduced performance overall that's why investing in a meeting with a therapist regularly May benefit you good mental health
can lead to reduced anxiety improved moods clearer thinking and a lot of other benefits and the payoff for therapy can be very very beneficial you're probably going to tell me hey Sharon I can do this by spending 150 rupees on Old M and talking to my friends while it may help to a certain extent guys it's not the same thing because you see when you pay for a therapist you're paying for your therapist time not their compassion paying for therapy means there is no mutuality necessary it's all about you this also helps you value it
more and work harder coming to the cost involved an average therapy session would cost you somewhere around 1,000 to 3,000 rupees but trust me guys it is worth it now I know what you must be thinking CH who needs therapy right therapy is for people who are suffering from some mental illness or are really sad in life but that's the wrong approach to therapy guys therapy has to be viewed as a preventive measure just like a medical health checkup you don't do a medical health checkup only when something is wrong with you right you do
it to ensure that nothing wrong happens to you in the future that is exactly how therapy should be viewed you need to do it maybe once a week or once a month so let us please normalize therapy and consider it as an investment in your mental health talking about mental health we have to talk about alcohol and cigarettes because that is what we use as therapy nowadays it's a no-brainer to Avid alcohol and cigarettes because it can lead to chronic diseases and other serious health problems including High BP heart disease liver disease Etc over time
but this is not the only way alcohol and cigarettes can cause you harm these habits can also cause your health insurance premiums to go up insurers usually ask you to reveal if you're a smoker and in case you're one insurance premiums can be almost double for you as compared to non-smokers wait let me stop you before you think you can light your insurance no God please no no no do not do this guys because if your insurer finds her that you lied and believe me they can they will deny to pay your hospital bill or
your claim for reimbursement bye-bye Tata goodbye but in case you actually do quit smoking there are solutions for example if you quit smoking for at least 2 years health insurance may consider this and reduce your premiums accordingly but Sharon I don't smoke I just do hooka bro so that's chill but that's even worse guys a common misunderstanding is that people think hookah is harmless it is is not hookah contains tobacco and nicotine at high levels and one session of hookah is equivalent to smoking 40 to 400 cigarettes depending on the Puffs that you take and
the size of the clouds that you make to impress your friend and don't even think about Vape an average tank of Vape uses about 3 ml of E Liquid if you WAP the whole tank in one session let's be honest some of you even do more than that you would be consuming around 36 mg of nicotine which is like four average Trend cigarettes I have built a model which will help you calculate the entire am amount that you spend on an yearly basis on alcohol and cigarettes and hopefully this may help you cut down on
those choices the link to that tool is down in the description below guys if you have stuck till the end of this video thank you so much you see we spend our whole life worrying about our finances because we think that's the most important thing and because neglecting our health doesn't have immediate consequences we think it's not important and it takes a back seat but today we learned that physical health and mental health is as important if not more as our Financial Health and surprisingly both are very correlated if you ignore one you pay the
price with the other so get your asses in line and get your together and I'll see you in the next video
