In the bustling financial hub of Singapore, investing is often seen as a key pathway to wealth and financial freedom. However, there’s a crucial step that many eager investors overlook: insurance. It’s time to challenge this mindset. In this article, I’ll write in detail, why closing your protection gap with adequate insurance coverage is not just advisable but essential before taking the plunge into investing.
The lure of the stock market, real estate, and other investment avenues can be strong. Tales of overnight successes and lucrative returns often dominate our social circles and media. But without a safety net, these ventures can be like walking a tightrope without a safety harness. This article aims to shift the focus back to what should be the first step in every Singaporean’s financial journey – ensuring adequate insurance coverage.
The common misconception
Singaporeans are known for their savvy financial decisions, but when it comes to prioritizing investments over insurance, many are walking...