7. Start investing in products: If you want to retire early from your job and to relax for rest of your life then you will need a large amount of capital. Often it takes a lifetime to accumulate such wealth. But if you need to become less reliable on your job for cash, then the solution is to start investing immediately and wisely. Hedging yourself in more than one asset class like fixed deposits, unit trusts, equity, a share portfolio and even property is the best option to opt for. The objective behind investing is to create a situation in the medium to long-term, where you become less reliable on your job and gradually completely non-reliable.

8. Try to make some extra money: Simply working for eight to 10 hours a day for the same salary year in, year out will never make you financially free. Thus, starting something of your own may the best step towards financial independence. Many of them will think how to start a venture when you are already working? But who is asking you to leave your job. Start looking at what you are passionate about or really good at. Build that passion into a business plan and start small. A full-time job is going to limit the amount of time you can devote to a small venture, thus look for something that will need less time to overlook. Don’t quit your job over excitement; let your small business grow gradually. Once it starts fetching you enough money you will become financially free.

Read More:

RBI Stops Banks From Extending Ecbs For Repaying Rupee Loans

World's Top 10 Financial Hubs For 2014