Retirement Planning Strategies - June 2023

THE INTERMITTENT FASTING PHENOMENON

There always seems to be a new dieting fad every couple of months, but one that has stayed around longer than expected is intermittent fasting. Many of us couldn’t imagine fasting for days on end, but intermittent fasting provides the benefits of fasting without asking us to wait days between meals. Intermittent fasting is a term used to describe eating patterns with differing amounts of fasting. There are three main types. The first and most common type is time-restricted eating, and it’s one of the easiest intermittent fasting diets to stick to daily. Time-restricted fasting has users decide on an eating window lasting between four and 12 hours. If it isn’t during your eating window, you’re actively fasting. The next is the 5:2 diet, which calls for two full days of fasting each week, with a regular eating schedule for the other five days. Finally, there’s alternate-day fasting, in which users alternate between fasting one day and eating normally the next. Regardless of which type of intermittent fasting you attempt, you’ll likely notice many benefits within the first few months. Studies have shown that it can improve your cholesterol levels and help you maintain proper blood sugar levels. Many studies have shown that those who practice intermittent fasting have no problem shedding weight and also keeping it off. Many users report losing 3%–7% of their body weight within eight weeks of fasting. Studies even found Separating Hype From Health Benefits

intermittent fasting can lower the risk of breast cancer, Parkinson’s disease, and other serious conditions.

Does this all sound too good to be true? That’s because it likely is. The Journal of the American Medical Association looked at 108 studies conducted on the alleged health benefits of intermittent fasting and found that only six were supported by solid evidence. That doesn’t mean the health benefits don’t exist; we just need more research before saying intermittent fasting is as beneficial for our health as its users claim it to be.

*JamaNetwork.com/journals/jamanetworkopen/fullarticle/2787246

CUT THE FINANCIAL UMBILICAL CORD

How to Raise Fiscally Responsible Adults

Adulting is all about doing your own laundry, cooking, and grocery shopping. It means making informed decisions about time management, organizational skills, and understanding how to be financially responsible. But how do you teach your teenager financial responsibility? Let’s explore several important lessons your child may need to gain financial independence! Help them find opportunities to earn money. Before your teen can learn to properly manage their finances, they must first make their own money! If they don’t have a job, encourage them to begin the hunt. If your teen is still too young to hold a job, consider paying them for chores around the house or yardwork. Once your teen has a cash flow, you can then teach them how to separate it into spending money and cash to save. Open a bank account. If your child doesn’t have a bank account yet, it’s time to set up a checking and savings

account for them. It’s a great way to provide them with financial independence while they still have access to your guidance. While credit cards can be scary to trust your learning teenager with, you should consider a prepaid credit card they can use to learn the ins and outs of how credit cards work while still having a safety net to protect their credit. Introduce them to the concept of interest. Interest can be beneficial or a disastrous hindrance, so your teen needs to understand how it works. While it can be beneficial for certain savings accounts, it can wreak havoc on credit card debt. Demonstrate interest with different real-life scenarios to show your teen how they can grow their money or rack up tons of debt. Whether your teen has just started earning their own money or is preparing to handle finances on their own, these simple tips can help you start training a fiscally responsible adult.

2 | 303-922-4304

Published by Newsletter Pro . www.NewsletterPro.com

Made with FlippingBook Ebook Creator