Page 77 - Book5E

CHAPTER 11
Protect Your Health
Poor Health Can Affect Your Finances
As mentioned earlier in the section on disability insurance, some people think of their home or their retirement fund as their greatest asset, but it’s actually their ability to earn a living to produce a revenue stream. And you don’t have to be a financial genius to understand that your ability to remain productively employed is heavily dependent on maintaining your physical health. Let’s face it, without your health your income is jeopardized, and so is everything else.
As Jeffrey Yeager writes for The Dollar Stretcher (www.stretcher.com), the single most important factor in building long-term wealth and securing financial freedom is the vital connection between good health and good wealth. The old saying, “If you have your health, you have everything,” applies to financial planning as well as to life in general.
Yeager offers the following tips for maintaining the robust physical and mental health that really pay off.
Take Your Medicine
Medical and health care savings are probably the most apparent pay-off for maintaining a healthy mind and body. Even if you’re covered under an employer-paid health care plan, the cost of deductibles, co-pays, and treatment for conditions and procedures not covered by your plan can really add up if you’re unhealthy. An even more important thing to
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