When young professionals and fresh graduates first begin their personal finance journey, they tend to focus on maximizing their income; trying to save more money or to learn investing.

One of the key aspects in personal finance which tends to be neglected is getting covered by the right insurance.

This is a critical mistake. Your top priority should always be protecting your savings and lifestyle first.

In my previous post, I highlighted the type of insurance that young professionals should get.

However, many readers shared feedback that this was quite a stretch for them. This is especially when they are graduating now during the Covid-19 Pandemic.

Many of them struggled to find full-time jobs. In fact, the annual Joint Autonomous Universities Graduate Employment Survey found that 69.8 percent of fresh graduates found permanent full-time jobs last year. This is down from 81.7 percent in 2019.

This means out of 10 graduates, 3 were unable to land full-time roles within 6 months of graduation.