Best In Wealth Podcast

How Vacations Make You Wealthier, Ep #218


Listen Later

As family stewards, we think of wealth differently. Many people focus on money. Our wealth might be our family, spirituality, friends, etc. Money might be further down the list. So how do vacations make you wealthy? When you are healthy, you are wealthy. Anyone who struggles with chronic illness would give anything for their health.
In the article “Importance of Taking a Vacation,” Kathryn Isham shares seven health benefits of taking vacations. In this episode of Best in Wealth, I will share Kathryn’s research and why I think it holds up.
[bctt tweet="How do vacations make you wealthy? I share my thoughts in this episode of Best in Wealth. Don’t miss it! #wealth #retirement #investing #PersonalFinance #FinancialPlanning #RetirementPlanning #WealthManagement" username=""]
Outline of This Episode
  • [1:04] What is the best vacation you’ve ever taken?
  • [4:03] Bonus benefit: Anticipating your vacation
  • [7:53] Benefit #1: Improved physical health
  • [8:27] Benefit #2: Improved mental health
  • [9:11] Benefit #3: Greater well-being
  • [9:57] Benefit #4: Increased mental motivation
  • [10:42] Benefit #5: Improved family relationships
  • [13:26] Benefit #6: Decreased burnout
  • [14:56] Benefit #7: Boosted happiness

  • Benefit #1: Improved physical health
    Did you know that stress contributes to heart disease and high blood pressure? The Framingham Heart Study (FHS) found that women who took a vacation once every six years or less were eight times more likely to suffer from coronary heart disease or experience a heart attack, compared to those who vacation twice a year. What a great excuse to vacation, right?
    Benefit #2: Improved mental health
    Neuroscientists have found that chronic exposure to stress can alter your brain structure: “Stress can cause an imbalance…[which impacts] cognition, decision making, anxiety and mood.” Vacations help calm you and relieve stress. I do not know about you, but anticipating a vacation improves my mental health.
    [bctt tweet="Did you know that taking a vacation can improve your mental health? I share why this should matter to family stewards in this episode of Best in Wealth! #wealth #retirement #investing #PersonalFinance #FinancialPlanning #RetirementPlanning #WealthManagement" username=""]
    Benefit #3: Greater well-being
    According to a Gallup Poll, “Making time for regular trips or vacations with family and friends is linked to higher overall well-being.” In her article, Kathryn also points out that three days after a vacation people sleep better and are in better moods compared to the time before their vacation.
    Benefit #4: Increased mental motivation
    Many people are more focused and productive once they return from a vacation. Studies have found that chronic stress can make it difficult to achieve certain tasks and lead to memory problems. Taking time off is a “tune-up” for your brain. It makes sense that you would be more revived and focused, right?
    Benefit #5: Improved family relationships
    As a family steward, I believe that family time matters. You can certainly create family time in everyday life—do not get me wrong. We make a point to eat family dinners together at least 2–3 times a week to build our relationships.
    But there is something special about taking vacations together. When we are on vacation, we share every meal together. We spend time at the pool, hiking, and biking together. Spending time with my family is the best time spent.
    [bctt tweet="Taking a vacation can improve your relationship with your family. Isn’t this one of our greatest desires as a family steward? Learn more in this episode of Best in Wealth! #wealth #retirement #investing #PersonalFinance #FinancialPlanning #RetirementPlanning #WealthManagement" username=""]
    Benefit #6: Decreased burnout
    According to the Harvard Business Review, “Employees are 43% less likely to experience high levels of burnout when they have a choice in deciding what tasks to do, when to do them, and how much time to spend on each.” I think vacations fall into that statement, don’t you?
    No one wants to experience a burned-out employee (or business owner). When we decrease burnout, we are addressing our mental, physical, and spiritual needs. Think about the weight you bear trying to be a good parent, provide for your family, and save for retirement. It is so easy to get burned out. We cannot afford it.
    Benefit #7: Boosted happiness
    Research shows that planning a vacation can boost your happiness. Some people experience an elevated mood up to eight weeks before their trip! If we can boost our happiness, we boost our health.
    The bottom line? If you can afford to take a vacation, take one. If you cannot afford one now, start saving. A vacation can help you feel refreshed and able to handle whatever life throws your way.
    [bctt tweet="Research shows that planning a vacation can boost your happiness. What else can it do? Find out how this impacts you in this episode of the Best in Wealth Podcast! #wealth #retirement #investing #PersonalFinance #FinancialPlanning #RetirementPlanning #WealthManagement" username=""]
    Resources Mentioned
    • Importance of Taking a Vacation
    • Taking Regular Vacations May Help Boost Americans' Well-Being
    • Effects of Chronic Stress on Memory Decline in Cognitively Normal and Mildly Impaired Older Adults
    • Neurobiological and Systemic Effects of Chronic Stress
    • Making Work Less Stressful and More Engaging for Your Employees

    • Connect With Scott Wellens
      • Schedule a discovery call with Scott
      • Send a message to Scott
      • Visit Fortress Planning Group
      • Connect with Scott on LinkedIn
      • Follow Scott on Twitter
      • Fortress Planning Group on Facebook

      •  
        Subscribe to Best In Wealth
        Audio Production and Show notes by
        PODCAST FAST TRACK
        https://www.podcastfasttrack.com
        Podcast Disclaimer:
        The Best In Wealth Podcast is hosted by Scott Wellens. Scott Wellens is the principal at Fortress Planning Group. Fortress Planning Group is a registered investment advisory firm regulated by the Securities Act of Wisconsin in accordance and compliance with securities laws and regulations. Fortress Planning Group does not render or offer to render personalized investment or tax advice through the Best In Wealth Podcast. The information provided is for informational purposes only and does not constitute financial, tax, investment or legal advice.
        ...more
        View all episodesView all episodes
        Download on the App Store

        Best In Wealth PodcastBy Scott Wellens

        • 4.8
        • 4.8
        • 4.8
        • 4.8
        • 4.8

        4.8

        54 ratings


        More shows like Best In Wealth Podcast

        View all
        Money Guy Show by Brian Preston and Bo Hanson

        Money Guy Show

        3,170 Listeners

        WEALTHTRACK by Consuelo Mack

        WEALTHTRACK

        266 Listeners

        The Clark Howard Podcast by Clark Howard

        The Clark Howard Podcast

        5,414 Listeners

        Investing Insights by Morningstar

        Investing Insights

        497 Listeners

        Your Money, Your Wealth by Joe Anderson, CFP® & Alan Clopine, CPA of Pure Financial Advisors

        Your Money, Your Wealth

        778 Listeners

        The Retirement and IRA Show by Jim Saulnier, CFP® & Chris Stein, CFP®

        The Retirement and IRA Show

        737 Listeners

        Retirement Answer Man by Roger Whitney, CFP®, CIMA®, RMA, CPWA®

        Retirement Answer Man

        1,290 Listeners

        Be Wealthy & Smart by Linda P. Jones

        Be Wealthy & Smart

        870 Listeners

        Allworth Financial‘s Money Matters by Allworth Financial

        Allworth Financial‘s Money Matters

        835 Listeners

        Retirement Starts Today by Benjamin Brandt CFP®, RICP®

        Retirement Starts Today

        510 Listeners

        Afford Anything by Paula Pant | Cumulus Podcast Network

        Afford Anything

        3,526 Listeners

        BiggerPockets Money Podcast by BiggerPockets

        BiggerPockets Money Podcast

        3,054 Listeners

        Retire With Purpose - The Retirement Podcast by Casey Weade

        Retire With Purpose - The Retirement Podcast

        560 Listeners

        Early Retirement - Financial Freedom (Investing, Tax Planning, Retirement Strategy, Personal Finance) by Ari Taublieb, CFP®, MBA

        Early Retirement - Financial Freedom (Investing, Tax Planning, Retirement Strategy, Personal Finance)

        36 Listeners

        Catching Up to FI by Bill Yount & Jackie Cummings Koski

        Catching Up to FI

        328 Listeners