Four Common Misconceptions About Savings and Insurance (Episode 111)

Updated: March 17, 2022

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What you’ll hear in this episode:

In this episode, we talk about common misconceptions about savings and insurance. And also share practical money management and personal finance tips.

The first common misconception is that you can survive without a budget, while the second one is that saving money is hard.

The third common misconception is that insurance is expensive. And the last one is that it’s better to invest than to save.

If you believe any of these statements, then this episode will give you a different perspective and convince you otherwise.

Excerpts and Highlights:

If you don’t monitor your cash flow, you’ll always be second-guessing your finances.

Save money and someday, when there’s a financial emergency, your money will save you.

Insurance doesn’t need to be expensive. The key is knowing where to look.

Life is unpredictable and financial emergencies happen, that’s why it’s important to have savings as your emergency fund and life insurance for your family’s financial protection.

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