As the world enters a recession, the upcoming year can pose a challenge for many due to increasing economic uncertainty, and the natural fears surrounding it. In this issue, we look at some trends and possible actions that can help us become more emotionally and financially resilient to not just ride out the challenges, but rise above them. I hope this gives us hope.
How to Be Happy in a Recession
Recession begets misery, which makes for more economic bad times. You naturally make the pattern worse by following your loss-aversion instincts. Although you probably can’t break the global economy out of this feedback loop, you can break yourself out of it. Start with the following three practices.
Here are 8 ways to bulletproof your finances ahead of a likely recession in 2023
5 personal finance experts here give tips on how to protect your finances. Their recommendations include building up an emergency fund, trimming your regular spending and up-skilling
I seek to reach out to people who believe in safeguarding the interests of their loved ones. Let me know if I can be of help to someone you know or care about. We can make a difference to lives when it matters most. Cheers.
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DISCLAIMER
This is not an official AIA newsletter. The views and opinions expressed in this publication are those of the author and do not reflect the official policy or position of AIA Singapore Private Limited (Company Registration No. 201106386R) (AIA), any other agency, organisation, employer or company. Assumptions made in the analysis are not reflective of the position of AIA other than the author.
Janelle is amazing! She's a kind and helpful Financial Services Consultant. She's very approachable and knowledgeable with her products. Most importantly, she's not pushy and able to deliver the whole financial/insurance planning in a simple and straightforward manner.
Cong Nyugen Thanh, Software Engineer
The overall financial health check session was very good. I could understand and visualise the financial planning journey clearly via the boat story. Would recommend Janelle's services to my friends.
Sankar, Engineer
Janelle is very friendly. She has explained all the benefits of the financial tools and informed me the drawbacks as well. Thank you!
Hayati, Senior Director
Janelle is an active listener. She was able to pick up subtle points that I talked about in my conversation with her & made the appropriate recommendations that met my needs. She is prompt with her follow-up too. I would most certainly recommend her service.
Arun Singh, Manager
Janelle explained everything well and in details. She proposed a few proposals based on my financial portfolio and needs, and that's very helpful for me to make well-informed decision. I would recommend her services to my friends who may need it.
Zulhilmi & Nelly
Janelle is someone who is easy to communicate to. She explained our needs and concerns in details. Will recommend her services to my family members and friends.