Is losing weight linked to gaining wealth?
MANILA, Philippines – Is there a correlation between weight loss and wealth gain?
On ANC’s “On The Money,” co-host and finance planning expert Salve Duplito said losing a little weight does nothing to wealth but those who have lost significant weight showed a significant increase in their net income, citing a study in the US.
The study, conducted by Jay Zagorsky of Ohio State University’s Center For Human Resource Research, said “individuals who lose small amounts of weight experience little change in net worth, but those who lose large amounts of weight have a dramatically improved ﬁnancial position.”
Duplito, however, believes more studies are needed to find the direct correlation between biology and economics.
“This study alone does not in any way indicate that those who have weight problems are in debt or have financial trouble, and those that are thin lead perfect lives,” she said.
Despite this, Duplito said there are similarities in the process of losing weight and gaining wealth, saying both take time and taking shortcuts may bring disastrous results.
“Fad diets hurt our wealth while being greedy and getting into scams hurt our wallet. Exercise won’t make us thin in a day. Investing, at least legally, won’t make us rich in a day,” she said.
She also said “consistency counts” in trying to lose weight and in trying to build wealth.
Duplito said losing weight and gaining wealth are simple to do, but noting that “simple” and “easy” are not the same.
“It takes a lot of discipline…If you can lose weight, you can dig deep with the same discipline to control your spending and keep investing regularly,” she said.