Insurance
Closing Your Protection Gap: Why Smart Singaporeans Insure Before They Invest
By Retire by 50  •  January 31, 2024
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...
Read the full article
By Retire by 50
RetireBy50.me is a personal blog about my journey to retirement by the age of 50. At 31, I am a typical white-collar Singaporean who works regular hours in a job while looking for other opportunities to make more money during non-office hours. This blog will discuss the hits-and-misses encountered during my journey to free myself from the corporate rat race. Will I get there by 2033? Stay tuned.
LEAVE A COMMENT
LEAVE A COMMENT

Your email address will not be published.

*

Your Email Address will not be published
*

Read More Articles
More from thefinance