This is a guest post by BH. BH is a healthcare professional who takes a keen interest in palliative care. He applies to his personal financial affairs the same level of meticulousness he displays at work. He has kindly agreed to contribute articles on issues that is close to heart. BH is also a BigFatPurse reader and a long time childhood friend. 

As a friend, Jon has always insisted that financial illiteracy is very expensive. It took me a long time to appreciate the impact of this.

My parents worked very hard for their money. Life wasn’t very kind to them and they didn’t have a lot in life. No one told them about financial planning and buying insurance as a form of protection. They opted out of DPS. Luckily, they didn’t opt out of Medishield. That provided for a chunk of their hospitalisation bills later on in life.

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