Podcasts · Mr Money TV Podcast
This is How Much Insurance You Actually Need
· 41 min
Episode This is How Much Insurance You Actually Need
In this episode, we tackle the question every fresh graduate asks: Should fresh graduates buy insurance or start investing first? We break down simple money rules to help you manage your first salary. Cap insurance costs at 10% of your pay and save 20% for your future. Learn the difference between medical cards and critical illness cash, why single adults can skip life insurance, and how checking your parents' old policies can save you money.
Chapter Marker: 00:00 - Teaser & Introduction00:40 - Should Fresh Grads Invest or Buy Insurance First?01:10 - Emergency Protection vs. Long-Term Growth03:22 - Reviewing What Coverage You Already Have04:40 - The Insurance Priority Hierarchy for Young Adults06:48 - Do Single Fresh Grads Really Need Life Insurance?08:00 - Why Critical Illness Coverage is Essential13:23 - Medical Card vs. Critical Illness: What's the Difference?17:24 - How Much Critical Illness Coverage Do You Need?22:00 - The 10% Rule: How Much Should You Spend on Insurance?23:08 - Savings Insurance vs. Investment-Linked Plans (ILPs)27:46 - How Investment-Linked Plans Actually Work33:01 - Should You Use Insurance as a Savings Tool?36:45 - How to Balance Investing and Insurance Together39:39 - Why Fresh Grads Must Review Inherited Policies40:26 - Outro & Final Tips
✅ Learn more about the MoneyMama: https://moneymama.co/#features #MrMoneyTV #InsuranceVsInvestment #FreshGradFinance #PersonalFinanceMalaysia #MoneyManagement #FinancialPlanning #MalaysianPodcast #InvestingForBeginners #WealthBuilding #FinancialFreedom #MoneyTips #SmartInvesting #EmergencyFundCome say Hi to us at,🌐 Website: https://www.mrmoneytv.com/📘 Facebook: /mrmoneytv🐦 Twitter: https://x.com/mrmoneytvchnl?s=21📱 Instagram: /mrmoneytv🖊️ LinkedIn: /mr-money-tv🤳 TikTok: @mrmoneytvchannel🎙️ Podcast: [https://open.spotify.com/show/1EhftKYdbpC0C2VnTJOO2K]For business & job enquiries, do contact us at,✉️ collabs@finlitmedia.coDisclaimer: This is not investment advice. All content produced is solely for education and entertainment purposes only. Please consult your financial adviser before making any investment decision.
Shows are listed from Apple Podcasts' charts and directory, and Podcast Index where it is used. Every show and episode belongs to its publisher and plays from the publisher's own feed; this site hosts none of them. Explicit shows are for adult profiles only, and children’s profiles hear only children’s shows. More about this list.