WELLNESS: THE FINANCIAL COMPONENT

It’s pretty well established that physical health and mental wellbeing are closely interwoven, with estimates that as many as half the ailments from which we suffer are psychosomatic.  What is less recognized is that a primary cause of mental anguish is financial.  Is it unreasonable to expect that bill collectors beating on the door cause migraine headaches . . . and God knows what else?

Just as physical and mental wellbeing do not come without active pursuit, neither does financial health.  The person, whose MasterCard borrowing consistently approaches the credit limit while incurring massive interest charges through minimum payments, is inviting a case of ulcers.  Similarly, a need to sport the latest model BMW on a budget that justifies nothing more expensive than a 2010 Toyota Corolla, will guarantee perpetual stress, with all the accompanying symptoms. 

With that said, keep your step brisk and your smile broad by adhering to the following rules:

●You purchase nothing by credit card that cannot be paid in full at month’s end, without interest payments.

●Your trusted financial advisor is the face that smiles back at you each morning from the looking glass.

●Your only automotive vehicles are owned outright, with no borrowing of any sort.

●You do not go into hock to finance the education of your offspring.

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 In addition to this Straight Talk by Al Jacobs, I’m now generating a monthly Financial Newsletter.  It normally appears the first of each month and may be viewed on my website.  Click onto http://www.onthemoneytrail.net/