Navigation Links
Recession Spawns Vital New Industry - Financial Wellness
Date:2/19/2009

PHOENIX, Feb. 19 /PRNewswire/ -- Healthcare has always been a vital issue for Americans but the current financial crisis has created a booming new industry -- financial wellness. The two are far more closely related than people might think.

A recent study from Associated Press and AOL Health found that debt stress is a major contributor to health problems -- in fact 19% are more likely to have health problems, 20% more likely to have back pain and 29% more likely to experience migraines. Poor financial behaviors also have a major impact on family life. They lead to loss of housing, transportation, ability to obtain credit for needed goods and services, family arguments, heavy emotional stress, spouse and child abuse, and even divorce.

America is enduring its worst financial crisis since the 1930's. The tragedy is that nowhere at any level in formal education are people being taught how to develop sound financial habits. To illustrate the size of the problem Americans have in excess of $900 billion in credit card debt and almost 34 million cardholders don't pay balances off monthly, generating over $18 billion in penalties in 2007. Also, 40 percent regularly spend more than they earn. Almost 20 million mortgages are delinquent. The personal savings rate has declined to almost zero percent.

"Most people don't handle their money well. They pay high costs for this -- overspending, credit card debt, poor credit ratings, bankruptcies, low self-esteem, emotional conflicts, relationship problems, and many others. Without guidance they pay high costs in financial, emotional and spiritual conflicts. Such problems know no social or economic discrimination," states Ron Willingham.

"We are all sitting here blaming Wall Street, Washington and the banks. The truth is that we are all guilty by overspending, whether it's on mortgages, cars or whatever. And all the remedies out there simply address the effects but not the root cause. Until we as individuals change our spending habits and learn to live within our means, any fix is going to be both ineffective and temporary."

A study from Professor Emeritus Dr. E. Thomas Garman of Virginia Tech University found poor personal financial behaviors negatively impact employers with problems ranging from absenteeism and theft to reduced productivity and even suicide and murder.

Willingham, a pioneer in interactive training methods and author of 12 books, has created an online interactive financial health course that addresses this fundamental problem that tens of millions of Americans are practicing -- poor financial habits. The course, Money2Spare(TM) (http://www.money2spare.com), runs for ten weeks and includes an addictive "Money Bag" game that experience shows helps participants discover an average of $50-$150 a week of "new money."

Willingham's habit development processes will help individuals enjoy greater personal financial control and strengthen family relationships since debt is the leading cause of divorce. They will improve their career prospects due to less concern about debt, and improve their credit scores, which leads to lower interest rates. They will also enjoy reduced stress and illness, and have more money for major purchases such as home, car, education or vacation.

As a result of the course employers will enjoy increased productivity. Absenteeism is reduced as well as employee turnover. Morale increases and medical expenses are reduced. Profits go up. Credit card issuers are also a major beneficiary and can expect greater profitability through increased collections and customer loyalty.

Ron Willingham says, "Traditional courses simply tell us what we already know -- spend less than you earn, save 10% of your income, cut up your credit cards, etc. We actually teach people how to completely change their financial habits. Individuals may not be able to fix America's financial crisis, but they can fix their own."

Participants have the flexibility to take the course at a time and place most convenient for them. The focus of the course is to establish positive and sustainable financial habits.

About Ron Willingham

Ron Willingham has more than four decades of experience helping people set and achieve success goals. Over 1,500,000 people have graduated from his courses in eighty nations. He is the author of twelve books. Among them are: Integrity Selling for the 21st Century, The Inner Game of Selling, Integrity Service, The People Principle, Hey, I'm The Customer, and The Ten Laws of Wealth & Abundance.

Organizations like IBM, American Red Cross, Johnson & Johnson, The Principal Financial Group, Library of Congress, Morgan Stanley, the Guardian Life Insurance Company, Franklin-Templeton, and over 2,000 others have benefited from his courses over the past four decades.

    Contact:

    Peter Volny
    pvolny@lifescriptlearning.com
    602-956-0030

This release was issued through eReleases(TM). For more information, visit http://www.ereleases.com.


'/>"/>
SOURCE Ron Willingham
Copyright©2009 PR Newswire.
All rights reserved

Related medicine news :

1. Recession Proof Yourself With Education
2. Money Magazine Ranks Physician Assistant One of Best Careers to Have in a Recession
3. ReBuilder Medical Technologies, Inc. Appears Recession Proof
4. Kimberly Finder, M.D. Asks: Are We Really In an Economic Recession?
5. Top Executives Tap Top Docs for Recession-Proof Relief
6. BCBSNC Helps Customers Fight Recession With Free Generics
7. CSC Survey Reveals Hospitals Find Current Recession Far Worse Than Last Downturn; Emergency Visits to Climb
8. AHP Recession Survey of Nonprofit Health Care Officials Finds Almost Half Expect Reduced Giving in 2009, Leading to Cuts in Hospital Construction and Equipment Purchases
9. Hospital Expansions in Buffalo, N.Y., and Baton Rouge, La., Contribute to Recession Resilience
10. CPEhr Releases New White Paper Highlighting Value of Human Resources Outsourcing In A Recession
11. Top 10 Ingredients for Recession-Proof, Healthy Cooking
Post Your Comments:
*Name:
*Comment:
*Email:
(Date:3/24/2017)... MN (PRWEB) , ... March 24, 2017 , ... ... back to the military at the same time by providing Prehospital Trauma Life ... Guard. PHTLS is the world’s premier prehospital trauma education developed in cooperation with ...
(Date:3/24/2017)... ... 24, 2017 , ... According to a new study by NCPA Senior Fellow ... obey the rules Congress has directed the CBO to follow. The CBO itself previously ... restore. Yet, it estimates a reduction in employer-based coverage due to the GOP reform, ...
(Date:3/24/2017)... (PRWEB) , ... March 24, 2017 , ... ... over $100,000 for its innovative EcoQube Frame vertical micro-veggies garden on Kickstarter ... demand for the product – with nearly 2,000 consumers (and counting) already backing ...
(Date:3/24/2017)... (PRWEB) , ... March 24, 2017 , ... Viewers who ... variety of critical historical facts, cultural practices, goods, services, and societal issues tend to ... will look into the popular practice of utilizing running events for causes around the ...
(Date:3/24/2017)... ... 24, 2017 , ... “End Time GPS”: a dauntless and enlightened study ... Time GPS” is the creation of published author, Wesley Gerboth, a World War II ... and space-vehicle projects. Now, at age ninety-one, he shares the Wisdom God bestowed upon ...
Breaking Medicine News(10 mins):
(Date:3/23/2017)... INDIANAPOLIS , March 23, 2017  Eli Lilly ... William Sansum Diabetes Center have established a research collaboration ... diabetes through enhanced research, education and care. ... bears a disproportionate weight on Latino families in ... Kerr , M.D., FRCPE, director of Innovation and Research ...
(Date:3/23/2017)...  The U.S. Food and Drug Administration today granted ... adults and pediatric patients 12 years and older with ... not received prior chemotherapy. This is the first FDA-approved ... skin cancer. "While skin cancer is one ... form called Merkel cell cancer have not had an ...
(Date:3/23/2017)...   BioSpace , the leading biotechnology and pharmaceutical ... Indiana Biosciences Research Institute and over 20 dynamic ... to bring the state,s life sciences industry to the ... artistic representation of the region,s booming biotechnology and pharmaceutical ... Mike Pence , a long-time advocate of the ...
Breaking Medicine Technology: