savings

7 ways to declare financial independence

Take care of yourself
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Take care of yourself © Fotolia.com

Take care of yourself

Your health has a huge impact on your finances.

If you're healthy, you're free to pursue interests that generate income. If you're unwell, the cost of health care can sap your savings. All of which makes good health a valuable asset to nurture, Bogosian says. "It has huge implications."

Eating healthy food, getting exercise, getting enough sleep and ditching bad habits are, literally, putting money in the bank.

Health affects insurance costs. Many "companies today have realized that the biggest reason people are not living a healthy lifestyle is because they haven't looked in the mirror," Bogosian says. Toward that end, some employers offer cash premiums every year for employees who take a quick self-assessment quiz, he says.

Is your spouse on the company insurance? If you both take the quiz, you may be able to double your payout, he says.

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