Archive for August, 2011
Business entrepreneurs often feel they have to make a choice between getting the sleep they need and creating the success they desire. An article from US News and World Report turns this notion around and offers “6 Ways Lack of Sleep is Costing You a Fortune”. Below are some of my favorite excerpts. A link to the full article can be found at the end. I would also love to hear about your experiences in trying to balance sleep and work. What worked, what didn’t and what would you do differently if you could? Please leave your comments below.
Here are six ways lack of sleep can cost you money.
1. More Accident-Prone
Driving sleep deprived can be as dangerous as driving drunk. Anywhere from 16 percent to 60 percent of car accidents involve a sleep-deprived driver, and 30 to 40 percent of all heavy truck accidents are caused by fatigue.
2. Increased Medical Expenses
People who don’t get enough sleep are 15 percent more likely to have a stroke and 48 percent more likely to develop or pass away from heart disease.
3. Bad Financial Decision Making
Sleep deprivation causes people to restrict their choices to decisions that promise bigger gains, which aren’t always the best ways to accomplish positive results.
4. Sucking Out Success
When you haven’t gotten enough sleep, your brain doesn’t function as efficiently and isn’t able to remember things as well… The overall GPA of a sleep-deprived student versus a student who gets enough sleep is 2.84 as compared to 3.18.
5. Paying for Convenience
When you are tired, you are less likely to take care of tasks on your own. Be it washing your car, making dinner, or cleaning your house, if you are tired you are more apt to look to other people to take care of those tasks for you.
6. Caffeine Costs
If you buy espresso every day to help you stay awake due to sleep deprivation, you can end up spending upwards of $5,000 per year, or if you buy drip coffee everyday, you can end up spending close to $1,900 per year.
Be sure to leave your comments below!
Best Wishes for Peaceful Sleep,