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Sleep Well for More Money

Did you know that sleeping well can actually make you rich? And no, it does not mean that you wake up and find a million dollars lying beside your bed. We’re definitely not going to claim such a ridiculous thing.

Sufficient night’s sleep makes you do your work better and helps you earn more. I mean a company is ready to pay more to an efficient employee than someone who’s just doing the work for the sake of it.

Alora presents “Sleep Well for More Money” : Report

We present to you, the Sleep Well for More Money report, where we’ve explored the relation between how good sleep actually makes you more productive at work which, in turn, makes you more money!

We have also talked about what poor sleep can do to your sexual health now and in the long run. Our objective is to present all these findings in a way that's interesting and also makes you take your nightly sleep more seriously.

Here are some shocking statistics.

Americans losing sleep because of money worries

According to a 2023 survey by the Sleep Foundation, 76% of U.S. adults feel anxious because of their personal finances.

Of these people, 77% say they lose sleep because of financial worries.

About 43% of U.S. adults worry about paying household bills more than anything.

And 28% of them think about paying mortgage and monthly rent.

Overall, a woman worries more about finances than a man, according to a survey by Sleep Foundation.

These were the stats of all people in general who worry about money. But people working in finances also worry more about money. Even having financial expertise is not making people safe about their financial security. Here’s what a survey by Sleep Foundation says:

About 41% of Finance and Insurance workers worry about their own personal finances.

However, 56% of healthcare professionals worry about finances in the U.S.

Now, let's talk about how sleep is going to make you earn more and live a healthier, more fulfilling life.

Are you too worried about your finances?

Yes

Sleep and Job performance

Sleep is very important for overall health. It’s not an option. But a necessary function of our body. How you perform at work is closely related to your sleeping habits. Experts say that losing sleep even for a few hours at night, highly impairs the normal functioning of your brain. You might not feel its effects immediately but when it comes to brain work, you’ll feel defeated.

Here we’ve explored what poor sleep does to your brain that makes you perform poorly at work.

#1 Poor sleep increases reaction time

It means that poor sleep causes people to react slower to a stimulus. Obviously you have noticed at some point that when you don’t get enough sleep, your brain seems to work really slow and you don’t feel that efficient. Well, it’s because poor sleep does cause you to react slowly to stuff.

Here are some key findings :

Response time increases as people have more sleep debt. Meaning, the lesser the people slept, their reaction time to a stimulus increased.

Just one night of deprived sleep has caused an increase in reaction times in people the next day

Short-term sleep deprivation has increased reaction time in student athletes.

Night shift workers have prolonged reaction time compared to daytime workers

#2 Poor sleep effects knowledge retention

You’re working at a job does not mean that learning has ended. If you feel like you can’t remember things you learn, there are high chances that you’re sleep deprived. It’s even suggested by experts that, if you want to learn something and remember it, sleep after your studying session! Poor sleep affects a part of the brain that is responsible for memory formation. Studies have found this to be true too.

Here are some key findings:

Sleeping after learning helps to cement that information into memory in your brain.

Sleep deprivation affects working memory and also impairs long-term memory.

There’s a 40% decrease in your ability to learn new things when you’re sleep deprived.

Here’s what Dr. Mathhew Walker, a sleep scientist at the University of California, Berkeley says on this matter,

“You can’t pull an all-nighter and still learn effectively”

Both poor sleep and excessive sleep have caused the brain to process memory less efficiently.

Sleep disorders like insomnia, are associated with memory loss.

#3 Poor sleep decreases productivity

Disturbed sleep heavily affects your productivity and it interferes with your performance at work. A work that actually takes you 2 hours to finish, might take you 4 hours to complete if you’re not well rested. Because poor sleep will make you less attentive and lose focus.

Here are some key findings:

Poor sleep makes it difficult for you to maintain focus and attention at work, thus making you less productive.

People who are sleep deprived tend to make errors and omissions in their work.

Sleep-deprived individuals also are more irritable and stressful at work, which of course makes them work less efficiently.

It costs $316.4 billion dollars a year for companies in the U.S. when their employees suffer a productivity loss at work.

Shocking right? Keep reading to learn how entrepreneurs are winning with good sleep!

Did you also experience your productivity drop after a poor night’s sleep?

YES. Always.

No.

Sleep and Entrepreneurship

Successful entrepreneurs swear by a regular good night’s sleep. Quality sleep plays a very important role in the world of entrepreneurship. Because innovation and strategic thinking is always needed. Entrepreneurs often juggle various responsibilities and are under constant stress. A good night’s rest is what keeps them sane

You can improve your sleep by creating a bedtime routine, establishing a consistent sleep schedule, limiting screen time, optimising your sleep environment, and watching your diet and exercise.

Sleep Routines of Successful Entrepreneurs

Bill Gates: Sleeps from 12 am to 7 am, demonstrating a midnight-to-morning sleep pattern, allowing him to get a solid 7 hours of rest.

Elon Musk: Sleeps from 1 am to 7 am, indicating a later sleep onset compared to others. His 6-hour sleep window aligns with his known intense work ethic.

Jeff Bezos: Enjoys an earlier sleep schedule, resting from 10 pm to 5 am. This allows him to wake up early, possibly emphasizing on the quiet morning hours.

Ellen DeGeneres: Maintains a bedtime of 11 pm and rises at 7 am, reflecting a consistent 8-hour sleep routine.

Indra Nooyi: Sleeps from 11 pm to 4 am, showcasing a shorter sleep duration but still encompassing a 5-hour nightly rest.

So, what does your sleep routine look like?

Sleep and Financial Decision Making

Quality sleep isn't just crucial for physical and mental well-being, it significantly influences financial decision-making. Studies consistently show that well-rested individuals tend to make more informed and rational choices regarding their finances. Prioritising sleep can be viewed not only as an investment in health but also as a strategic choice for long-term financial stability.

Here are some key findings :

Sleep deprived people are more likely to take financial risks.

2007 study titled, Sleep Deprivation Elevates Expectation of Gains and Attenuates Response to Losses Following Risky Decisions: Found that people who were sleep deprived were ready to take higher risks if they got high rewards, a situation common in gambling.

Just one hour of decrease in the night’s sleep can greatly affect your decision-making abilities.

Researches on how Better Sleep led to Higher Pay

Numerous studies have shown a positive correlation between adequate sleep and professional success. When individuals consistently prioritise better sleep, they often experience heightened cognitive function, improved focus, and increased efficiency in their work.

Quality sleep contributes to enhanced decision-making abilities, creativity, and problem-solving skills. This, in turn, positions individuals to excel in their roles, contributing positively to their professional reputation and, ultimately, their earning potential.

Here are some key findings :

2016 study titled, Time Use and Productivity: The Wage Returns to Sleep: Found that a 1-hour increase in weekly sleep increases wages in employees by 1.5% in the short run and about 5% in the long run.

People who sleep less than 5 hours at night face a 29% productivity loss at work.

People living in places where they get more sleep actually earn more than those who receive less sleep.

Doctors who are tired and are sleep deprived tend to make more mistakes in their work. Obviously, this is dangerous both for their patients and their job.

Do you believe it?

Yes. It’s quite obvious

Can’t believe

How Companies are Prioritising Sleep for their Employees

Companies across various industries are recognizing the importance of employee well-being, and several have implemented innovative strategies to prioritise sleep. Let’s look at how these popular companies are taking care of their employee’s wellness!

Google: Google prioritizes employee well-being with the introduction of nap pods. These sleek, futuristic sleep pods are designed to provide a comfortable and private space for employees to take short naps during the workday.

Uber: Uber's offices are designed with employee comfort in mind. They provide "relaxation rooms" equipped with comfortable seating and dim lighting, offering a quiet space where employees can take a break, decompress, or even catch a quick nap to enhance their focus and well-being.

NASA: They have implemented nap pods and designated quiet spaces to support employees working irregular hours or extended shifts, acknowledging the positive impact of brief naps on cognitive performance.

So, want to get a good night’s sleep? We have a solution!

So, you see that sleeping for a sufficient amount does not mean you’ll lose productive hours. It’s going to make you more productive so you do better work in less time. If you’re living with disturbed sleep each night then we have the perfect solution for you!

Try Alora Sleep App where you can explore sleep sounds, guided meditations and bedtime stories which will help you to fall asleep faster! Say goodbye to distracting thoughts keeping you awake and say hi to a peaceful and restful night’s sleep!

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