Everything Concerning Black Love, Health, and Wealth
It’s all love. A newbie but technically an oldie.
This is an older discussion the TFG crew had in 2021 concerning black love and wealth. Turns out, sometimes we miss uploading an episode. Love is highly linked to health and wealth (when done right).
Table of Contents
Marriage and Health
According to a Harvard Health Publishing article, married men have a 46% lower rate of death than unmarried men. This is even after taking into account major cardiovascular risk factors such as age, body fat, smoking, blood pressure, diabetes, and cholesterol.
Married men also tend to live 17 years longer than single men.
On average, Married men and married women live at least two years longer than their unmarried counterparts. One reason for this longevity benefit is the influence of marital partners on healthy behaviors. Married people engaged in less risky behavior. They ate better and are less likely to smoke and drink excessively.
The Institute of Family Studies suggests that the link between marriage and health is the act of self-selection. For clarity, it means that like attracts like. For example, people who are wealthier and healthier than average are more likely not only to get married but also to find a partner who is wealthier and healthier than average. While men and women with poorer health and wealth than average are less likely to marry at all.
The Economics of Love
Married couples can have up to four times the wealth of single or divorced couples. The wealth gap between married and single households has been steadily increasing, even before inflation skyrocketed.
Married couples can combine their salaries and share expenses, which can help them build wealth more quickly. They can also take advantage of economies of scale, such as buying just one dishwasher or relying on one another’s health insurance.
The median net worth of married households is consistently higher than that of single households, even when omitting housing-related assets and debts. Married couples between the ages of 24 and 35 can have a net worth up to nine times as high as single households. In many cases, this combination of income leads to great wealth accumulation in one lifetime as well as improved quality of life.
About us:
The Financial Griot is a play on two words (Finance + Griot) that hold significance in closing the wealth gap while embracing our differences. We tell the stories that others don’t. Stories about growth, opportunity, and embracing changes. Beyond that, we talk about Finances. Specifically, how to become Financially literate, incorporate actionable steps, and ultimately build generational wealth.
Can you imagine being a Millionaire in 20 years or less? Yeah, it’s possible. 80% of millionaires are the first generation. That means they didn’t come from wealth. Love is truly action. If you start to take action in your life, it will improve.
Well, at least it will be better than doing nothing.
Find the TFG Crew Hosts on IG:
- Alainta Alcin – Blogger, Travel and Money Enthusiast @alainta_alcin
- Lovely Merdelus – Entrepreneur and Small Business Growth Specialist @lovelymerdelus
- Lawrence Delva-Gonzalez – Federal Auditor, Blogger, and Tax Specialist @theneighborhoodfinanceguy
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