Did that title get your attention?
Well, this is a “PG” post, so there’s nothing outrageous that will be suggested : ) But literally, sleeping and money just might go together, as I’d like to explore.
I have a friend who’s pretty focused on making money, and also staying physically fit. He’s done quite well with his career, and works out most days of the week. I’d say that he’s probably in the top 5% in terms of income and as well as (subjectively) physical fitness. His wife is quite successful on those measures as well.
Together, they’re kind of a high-achieving “power couple” of sorts.
That being said, he told me that he gets only 5 1/2 hours of sleep per night. Apparently, with all the hard work and long hours he’s willing to put into the job, plus his workout schedule and family time, he can’t get a whole lot more sleep than that. Or, so it seems.
The thing is, he was recently talking about being at a “plateau” in his career. He had regularly been climbing the corporate ladder, but at this point he has seemed to settle at a mid-to-upper management level. Really impressive considering the tough circumstances from which he emerged, but that big picture view seems lost on him at times. It’s almost like he’s lamenting the reality that he’s not headed for the top rung in his career.
What jumps out at me is how he’s complained here and there about being tired, and how he just doesn’t have the energy to do all that he wants to get done.
As I listen to him, I connect the dots and believe that it just might be that he’s not sleeping enough, which could actually be hurting his ability to make money.
Does that make sense? It might seem counterintuitive, but I think that burning the midnight oil is something that only offers very short-term benefits, but if done more than rarely, can bring about long-term negatives to one’s health. Which, logically, should impact a person’s ability to make money.
I’ve written about this topic elsewhere, and it’s something that I think is a really underrated aspect of achieving success with personal finance. We really need to take care of ourselves in terms of our health in order to be in the best position to make money. After all, if we don’t make money, what’s there to save and invest?
At first glance, it might seem like reducing health care expenses is where this is going, and that makes sense too. But really, it seems like simply being healthy can allow us to actually maintain and maybe even improve our earning power.
I don’t know about you, but when I get a great night of sleep for a couple of days in a row, I feel like a fully energized person. In less time, I can do more. This allows for more of an opportunity to disengage and spend time doing other things, such as focusing on family and friends. That balance, in turn, makes me more productive when focusing on work.
It’s kind of a positive cycle at work.
The bottom line is that I think that sometimes we can try to push ourselves to do too much, in terms of volume of work, household tasks, or any other things on our to-do lists. Getting regular, adequate sleep instead of doing all of these extras can actually help us in our efforts to protect and even build our wealth!
My Questions for You
Do you agree that it’s futile to regularly “burn the midnight oil” staying up late to work or get things done?
Do you find that you’re able to get a lot more done in less time with a truly great night of sleep?
How do you make time to take care of yourself in order to enhance your ability to earn?