Bossy! Magazine Fall Issue 2021 | Page 28

4 Quick Tips to Improving Your Financial Health

(BPT) - With recent news reports focusing on professional athletes' mental health, the conversation has turned to a broader shared experience. According to a report from Insider, athletes can suffer from mental health issues due to the public and financial pressures they face when competing. Many athletes have been candid about their difficulties and discussed how they cope. For former U.S. speedskater Apolo Ohno, an important aspect of caring for his holistic health is tending to his financial health.

"Finances tend to get overlooked when talking about mental health," Ohno said. "But in the same way mental wellness affects athletic performance, your finances can have a huge impact on your mental health."

Defining financial health

Several dimensions make up financial health, like how much you have in savings, how much you're investing for retirement and how much of your income goes toward nonessentials.