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30-Day Challenge #5: Reduce your future health (and current habit) expenses! (May, 2024)
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30-day challenges

We are pleased to continue our 30-day challenge series. Past challenges can be found here.

This month's 30-day challenge is to Reduce your future health (and current habit) expenses!

Why is this important?

Healthcare costs past retirement age are expensive! In addition to this, unhealthy lifestyles can have a negative effect on your current financial situation. There is already a lot of overlap between personal finance and lifestyle choices, so let's take a look at some immediate improvements you can make for your future.

Reducing your Risk of Heart Disease (Cost $3,000 - $38,501)

Leading a healthy lifestyle is the biggest way to reduct your risk of heart disease. Among these lifestyle choices:

  • Not using tobacco (Source 1, Source 2, Source 3)

  • Being physically active (Same sources as above)

  • Maintaining a healthy weight (Same sources as above)

  • Making healthy food choices (Same sources as above)

  • Stress management (Source)

Some of the above also have a side effect of immediate financial impact:

  • Not using tobacco: $1,610 - $3,750 per year (Source)

  • Making healthy food choices: comparative savings of $14 per meal (fast food, family of 4) (Source)

Reducing your Risk of Cancer (Cost $19,901 - $60,885 per annum)

The lifestyle choices below have been shown to reduce the risk of cancer:

  • Not using tobacco (Source 1, Source 2, Source 3, Source 4)

  • Maintaining a healthy weight (Same sources as above)

  • Limiting alcohol intake (Same sources as above)

  • Get screened for cancer and/or Hepatitis C (Same sources as above)

  • Protect yourself from the sun (Same sources as above)

Note that a few of these are carried over from the first section on heart disease! There are some immediate financial impacts of reducing your alcohol intake: You can save about $750 USD per year by going dry.

Reducing chronic lower respiratory diseases (Cost $6,000 more in medical care than those without)

The lifestyle choices below have been shown to reduce the risk of COPD:

  • Not smoking (Source 1, Source 2, Source 3)

  • Avoid respiratory infections and get vaccinated (Same sources as above)

  • Avoid home and workplace air pollutants, lung irritants, or dust (Same sources as above)

  • Exercise regularly to improve your breathing

  • Address allergic conditions

Related Subreddits:

Challenge success criteria

You've successfully completed this challenge once you've done 2 or more of the following things:

  • Reduce or stop any tobacco habits

  • Reduce or stop your alcohol intake

  • Pick up an outdoor hobby (walking, hiking, running, swimming, biking, etc.) and don't forget the sunscreen!

  • See your primary care physician for a checkup. Ask for recommendations on lifestyle improvements, sleep quality, stress reduction, and if applicable, drug use.

  • Increase your frequency of cooking at home and eat healthier foods

  • Start a fitness journal

  • Reduce time spent on watching television, playing video games, and other idle habits

  • Take time off of work to reduce stress (Public holidays such as Memorial Day, Victoria Day, May Day, or other holidays from your country of residence don't count!)


Weekday Help and Victory Thread for the week of May 06, 2024

Aunt passed away earlier this week and I was notified I was included in the will.
Aunt passed away earlier this week and I was notified I was included in the will.
Other

Long story short my aunt passed away and I've apparently inherited one of her farm land properties. She was pretty wealthy from what I can tell and owned multiple farm land properties that were unused but as an investment because it had a source of clean water.

There was no direct cash inheritance, I believe her kids got the cash and stocks she had (she was a widow at the time).

What are the implications for property taxes moving forward for me? I've never owned a property before, only rented so I'm a bit lost here. I'm in Los Angeles, California and the property is near Portland, Oregon. (I recently moved to LA not long ago, used to live in Portland for 20 years ish).