Are you looking for ways to improve your finances? Maybe sleeping more will do the trick.
On the surface, it is hard to believe that getting more sleep will really make you rich. Wouldn’t it be more logical to work longer hours so you can increase your personal net worth? It seems to be more beneficial to your finances if you stay awake longer so you can do whatever it is that makes you earn, right?
Apparently, it is not as simple as that. If you think about it, there is a lot of truth into the statement that sleeping more will help you improve your current financial position. It all boils down to how sleep helps condition our bodies and make it fit enough to make the right decisions.
We all know that sleep is beneficial to your health – especially our mental health. We have seen a lot of studies that tell us how you are better off if you get a good night’s sleep. When we sleep, our bodies can recharge. Our whole system is able to repair itself and thus make us stronger. If we do not get enough sleep, our bodies cannot heal and we will not be 100% ready to face the struggles that we will face the next day.
According to NIH.gov, lack of sleep is actually hazardous to your health. If you get quality sleep at the right times of the day, you are able to function effectively throughout the day. Those who are unable to sleep well will be less productive – both at work and in school. In fact, losing sleep puts you in danger. The study revealed that losing sleep for a couple of nights – even if it is only 1-2 hours of sleep each night, will make you suffer as if you did not sleep for a day or so. This will put you in danger of microsleeping – a condition wherein your mind and body go to sleep without you knowing it. If you had moments when you cannot remember what happened at a particular time in a day, you might have fallen asleep in the middle of a task – like driving. You cannot control these and it could result in you hurting yourself or others.
That alone is enough reason to motivate you to get enough sleep. But beyond all the dangers that you can avoid, it is also possible for you to use the right sleeping habits to help make yourself rich. At least, this is true if you understand the right sleeping patterns that you should follow. It is not just about sleeping long hours – it is getting a good and quality sleep.
Different ways that sleeping well will make you rich
Of course, the question remains: how can sleeping improve your finances? As mentioned, it is all connected to the way proper sleeping habits can condition your mind and body so it can function properly. If you are able to function well, you will make lower mistakes. That means you can make the right choices because you mind is fit enough to do so.
To be specific, these are the effects of sleep on your body and how it can affect your ability to improve your finances.
It improves your memory.
The first benefit of getting enough rest is it helps improve your memory. According to a study published on Harvard.edu, Rapid Eye Movement (REM) sleep is crucial to help a person retain a material that they just learned. Although you may be sleeping, your mind is actually busy strengthening your memories and practicing the skills that you learned during the day. The study revealed that this is called consolidation. You can only do this consolidation in your mind when you get enough rest that allows you to reach REM sleep. If you do not reach this phase in your sleep, you will fail to strengthen the memories you have. Since this phase in your sleep dominates the latter half of your slumber, the length of time that you are resting will play a crucial role in strengthening your memories. If you do not get enough sleep, you will lose time in this phase. This is why you need to sleep longer so your mind gets to spend more time in REM sleep.
Having a great memory will serve you well in various areas of your finances. It allows you to remember crucial details about your finances so you can make the right decisions. These are the decisions that will eventually influence you to improve your finances.
It makes you more attentive.
If you are sleep deprived, you get to react more slowly than when you had adequate rest. Most of the time, you are inattentive because you are feeling sleepy. This will make you unfit to find the right information that will help you make the right decisions in your life. You will tend to rush into things without paying attention to the details that will give you clues about the choices that you need to make. This can prove to be a big problem if you have to make financial decisions. You might disregard consulting your budget because you just want to rush through the process instead of thinking it through. This could end up landing you in a financial mess that could cost you an opportunity to improve your finances.
It helps you manage stress.
Getting enough sleep will also allow you to manage your stress levels properly. To be more specific, it will help you lower it. Sleeping will allow you to relax your body and that can effectively lower the stress level and your blood pressure as well. This can be beneficial to your health because it can avoid a lot of cardiovascular problems. But apart from that, sleep will allow you to condition your body to even handle money stress. Although you feel the pressure because of several financial obligations, you get to relax your mind and body every time you sleep. Again, this conditions you to make the right choices about your finances.
It keeps you from feeling depressed.
When you get enough sleep, you can also battle depression. Sometimes, people get easily depressed after failing at something. This is something that you can easily get over if you get enough sleep. You will not feel so defeated that you will refuse to work harder to reach your goal. You will continue to reach for your target because you know that whatever obstacles are in your way, you can overcome it.
It enhances your performance.
Since sleep can condition your physical and mental state, you will find that your performance will also improve. When it comes to your finances, you will find the energy to work harder so you can earn more. This does not necessarily mean you will work longer hours. It could also mean you will be more productive in whatever it is that you do in your work. If you are observed to be very productive, that will reflect positively on you. The chances of you getting a promotion or raise will be higher.
These are the effects of sleep that will help you improve your finances. Of course, this does not mean you need to literally sleep longer hours that you miss out completing the tasks laid out for you throughout the day. You need to get the sleep that is appropriate for your age. For adults, that is usually 7 to 9 hours of rest. Any lower than this and you will be in danger of ruining your chances of financial abundance.
Lack of sleep can cost you money
If sleep can help affect your ability to improve your finances, it naturally can cost you money too. Here are the things that inadequate sleep will cost you.
You consume more caffeine.
Let us start with the obvious – you will consume more caffeine. According to the data from the FDA.gov, the average amount of caffeine that a person consumes is 300 milligrams. This means the average person consumes 109,500mg of caffeine a year. The less you sleep, the more money you will spend to buy a cup of coffee that will help you be more alert. We all know that this is not really the healthy way to compensate for your lack of sleep but we do it anyway.
You find ways to avoid activities.
Since you feel more tired because of lack of sleep, you tend to hire more people to help you accomplish some of your responsibilities. Since you are not in your best condition, you tend to work longer for tasks that you can finish in a short amount of time. This means there will be tasks that you cannot accomplish. To get everything done, you will just find someone to do it for you. For example, instead of being able to finish your report by 5 pm, it will take you until 8 pm before you can go home. That would mean less time to cook for your family. To feed them, you will order take out – and that will cost you more. That is usually how you spend more money on things that you do not really need.
These are only some of the things that you will do that will cost you money because you did not sleep well. If you waste your money on these expenses, you cannot improve your finances. This is why you need to make sure that you get enough sleep – you can condition yourself to work towards financial wealth.