Dear Readers, at the beginning of each new year, I’m filled with a sense of new direction. At the same time, I like to look back at the previous year, evaluate what worked, and make a fresh commitment to keep going on whatever path proved most successful.
One of the things that was a real boost to me in 2016 was a 30-day food cleanse that left me feeling stronger and more in control of my physical health. I turned that idea of a physical cleanse into a 30-day financial cleanse, with the goal of giving people a way to supercharge their financial health. The response I got was so positive that I decided this is one of those ideas that really should be repeated.
It’s pretty generally acknowledged that financial health and physical health go hand in hand. And it’s all about stress. In fact, studies have found that financial stress leads to a whole range of serious physical problems from heart attacks to ulcers to migraines to depression.
Plus, according to the International Foundation of Employee Benefit Plans, financial stress can also significantly impact your professional life. A 2016 IFEBP survey found that financial issues result in employees’ inability to focus at work. So it only makes sense that paying attention to your financial health not only potentially improves your personal well-being but may also have a positive impact on your professional productivity—a clear win for both employees and employers.
4 Weeks to a Financially Healthier 2021
The New Year is the perfect time to detox your finances and commit to financial health. So for those of you who followed my financial cleanse a few years ago and want a refresher—and those who are looking for a way to lessen financial stress in 2021—here is the program in a nutshell:Are You Ready to Make a Change?
If I’ve piqued your interest, the next step is to make a personal commitment to improve your financial health. But don’t think you have to do everything all at once or necessarily all by yourself. To help you get going, I’ve developed a Financial Cleanse Quick Start Guide with simple to-dos for each week plus tips to help you keep motivated and on track. Find more information at SchwabMoneyWise.com/financialcleanse.In my experience, change doesn’t have to happen all at once; it can be incremental. Just take it one small step at a time. Within a few weeks, those baby steps can build into a formidable habit that will soon become second nature and put you on a lifelong path to financial health. Believe me, it’s worth the effort!