Your Most Important Asset

When I talk to people about assets and which ones are most important, I often hear about homes, 401k balances, collectibles, antiques, jewelry, secure jobs, and education.

But no one ever mentions what I think is your most important asset: Your health. Think about it: Without good health you can’t work, or at best your working options will be limited by your health restrictions. If you can’t work, you’ll have to get by on the small income provided by Social Security, anything your family can provide, or whatever limited income you can produce.

When you are in poor health, all of your other traditional assets may go by the wayside. The home may have to be sold (either becau

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6 Responses to Your Most Important Asset

  1. Brad says:

    Very true and great article. If someone would ask me yeah im prolly not going to say my health but yeah it really is your most important asset.

  2. Ross says:

    I have to admit, I’ve never thought of my health as an asset. Honestly, I think I’ve taken it for granted really… I mean I work out every single day, but it’s really just because I enjoy it more than out of a concern for my health. Although whenever I see someone who is more than a little overweight, I catch myself thinking that by not keeping their weight in check, they’re simply asking for health issues of all kinds.

  3. pen says:

    I was born with health issues, so I know how important this is. All I can do is keep things from getting worse. It irritates me to no end when my friends neglect their own health.

  4. Great advice. I think sometimes, investing in your health can save you money as well. A lot of healthier food options are cheaper (such as fruits and vegetables instead of meat). Also, dental health is extremely important. The Sonicare electric toothbrush I got a few years ago is probably one of the best investments I’ve made in my health, even though it did cost a pretty penny.

  5. minny says:

    I do so agree! Our National Health Service groans under the weight of ‘self inflicted’ illness. Obesity is a minefield of medical disorders as is smoking, yet we see here more fat, unfit people and very sadly, more fat, unfit children.

  6. Gail says:

    The most interesting thread on a living within your means forum that I ever read was a young lady insisting that short term disability was a waste of money and she couldn’t see that she would ever have a need for it! Even as I sat there and wrote to her that you never know when a disease is ever going to hit even if you do all of the above, I was dealing with my own disability. I went to work one day and left at 11AM in a great deal of pain. I never went back. I spent the next 6 months on short term disability that I had paid only about $20 a paycheck for. I spent the next couple years trying to get Social Secuirty which pays me about 1/3 of what I used to make. I would love to have my health back, but no matter what I do my chronic disease is not going to go away. One thing to do while doing the best you can to maintain your health, is find a way to pay for short and long term disability if it is available no matter what else you have to squeeze to afford it.

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