Deepak Chopra: “We are facing a global catastrophe” unless people address their overall wellbeing
People need to take care of their overall wellbeing, and if they don’t, the consequences could be dire, according to wellness expert and bestselling author Deepak Chopra.
Total wellbeing includes social or physical, financial, community and financial factors. For example, community wellbeing can mean feeling safe and involved in your community, while social wellbeing can be the quality of relationships you have with family and friends.
“If we don’t address these five buckets of wellbeing, we are facing a global catastrophe,” said Chopra, founder of the Chopra Foundation and Chopra Global. He is also a member of the CNBC Invest in You Financial Wellness Council.
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Financial health is more than just where you are with your money. When you are financially stressed, it increases your cortisol levels and weakens your immune system.
“You have inflammation that makes you more prone to chronic and acute illnesses, including Covid-19,” he said.
But the pandemic is also the cause of financial fears for so many. Millions of jobs have been lost, wages have been cut and some parents have been forced to leave the workforce to look after children.
When you are whole in your body, in your emotions, in your mind, and in your spirit, you can achieve anything.
Wellness expert and author
According to an October survey by the National Endowment for Financial Education, more than 4 in 5 Americans, or 84%, are stressed on their personal finances due to the crisis.
Another survey by Fidelity found that 79% of women, who typically experience more financial anxiety than men, feel burdened by money and stress.
While there may be real reasons to be concerned about money, financial well-being is ultimately a state of mind, said Chopra, whose latest book is Total Meditation.
“It has nothing to do with the money you have, it has to do with how safe you feel with the money you have,” he explained.
Here are Chopra’s five tips for financial wellbeing:
- Don’t spend money you didn’t deserve to buy things you don’t need, to impress people you don’t like.
- Put away 10% of your income every month. “I’ve been doing this since 1970 when I was making $ 202 a month.”
- Find an employer who cares about their employees and offers benefits such as retirement, disability and insurance. Work with friends and people you like. Otherwise you will not be successful in your career.
- Don’t ignore your body, mind, and emotions. “When you have a healthy body, when you have good emotional relationships, and when you are a rested mind, you will make wise financial decisions.”
- Make other people successful, which is the best way to be successful yourself. “I’ve found in my career that I would make money if I could get other people to make money.”
Chopra says he strives every day for a joyful, energetic body and a compassionate heart, as well as a clear, reflective, attentive and creative mind, as well as joy and ease of being.
“When you are all in your body, in your emotions, in your mind, and in your spirit, you can achieve anything including a very successful career and making lots of money,” he said.
REGISTRATION: Invest in you: done. To adjust. To grow. is hosting a free virtual 5k for financial wellness from April 12th to 19th to promote financial wellbeing. Throughout their racing experience, users will receive tips on saving, spending, and investing, as well as motivational quotes on financial wellbeing from wellness expert and CNBC Financial Wellness Advisory Council member, Deepak Chopra. Register here: cnbc.com/virtual5k
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