S1E275: The six-month breaking point: are you actually prepared for the unforeseen?

Is your financial plan truly resilient, or are you one emergency away from disaster? 61% of households struggle to cope beyond six months after a loss of income. Howie Lim sits down with Sun Life Asia’s David Broom to dismantle the myth that resilience equals a high salary. Is Singapore’s “safe haven” status creating a false sense of security? And how to stop trading your long-term future for short-term survival. Discover the habits that separate the resilient from those in survival mode. Synopsis: Every Monday, The Business Times breaks down useful financial tips. Highlights: 01:12 Why 6 months may not be enough anymore 08:31 The most dangerous thing to do 11:11 Singapore’s false sense of security? 13:51 When, where and how to start --- Send us your questions, thoughts, story ideas, and feedback to [email protected]. --- Written and hosted by: Howie Lim ([email protected]) With David Broom, chief client and distribution officer, Sun Life Asia Edited by: Howie Lim & Claressa Monteiro Produced by: Howie Lim & Chai Pei Chieh A podcast by BT Podcasts, The Business Times, SPH Media --- Follow BT Money Hacks podcasts every Monday: Channel: bt.sg/btmoneyhacks (http://bt.sg/btmoneyhacks) Amazon: bt.sg/mham (http://bt.sg/mham) Apple Podcasts: bt.sg/oeXe (http://bt.sg/oeXe)   Spotify: bt.sg/oeGN (http://bt.sg/oeGN)   YouTube Music: bt.sg/mhyt (https://bt.sg/mhyt/) Website: bt.sg/moneyhacks (https://bt.sg/moneyhacks) Do note: This podcast is meant to provide general information only. SPH Media accepts no liability for loss arising from any reliance on the podcast or use of third party’s products and services. Please consult professional advisors for independent advice.  --- Discover more BT podcast series: BT Correspondents: bt.sg/btcobt (https://bt.sg/btcobt) BT Market Focus at: bt.sg/btmktfocus (https://bt.sg/btmktfocus) BT Podcasts at: bt.sg/pcOM (https://bt.sg/pcOM) BT Lens On: bt.sg/btlenson (https://bt.sg/btlenson) See omnystudio.com/listener (https://omnystudio.com/listener) for privacy information.