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Editor’s Take: What Health & Finance Have In Common?

Prevention is always better than cure.

Ever since I started writing about financial topics more than a decade, I have always enjoyed drawing parallels between personal health and personal finance.

Think about it, both topics share a lot of similarities.

Both our health and financial well-being are important areas that we cannot neglect. They are also highly personalised matters that we need to take charge of ourselves. Finally, both our health and personal finance are topics that we need to care about during our younger days, as opposed to waiting until a crisis has occurred before we start to worry about it.

Health is wealth is a saying that many of us will agree with. After all, without good health, it’s going to be difficult for us to work and enjoy our lives, even if we have the money to do so. This is why most of us will make it a point to invest in our health. Investing in our health could be the form of going for annual health screenings, working out regularly, eating right and buying the right insurance policies that can provide us with financial protection if we suffer from a critical illness.

Like having regular financial review sessions with our trusted adviser, regular health screening can help us identify issues before they become bigger and harder to handle. The idea here is that as far as possible, it’s better to prevent a problem from happening in the first place, as compared to trying to cure it once it happens. The logic applies to both our finance and health.

When it comes to health issues in Singapore, cancer is one of the first things many of us worry about, and rightly so. According to statistics provided by the Ministry of Health, cancer is the leading cause of death in Singapore, accounting for more than 1 in 4 death in 2021. For many of us, it’s also likely a personal battle if we or a loved one have suffered through cancer.

If you wish to better understand cancer and get some tips on reducing cancer risks, MoneyOwl is organising a Cancer Webinar in collaboration with the Singapore Cancer Society.

This webinar will be taking place on 29 September at 7:30 pm, where Dr Patricia Kho, Senior Consultant, Specialist in Medical Oncology, Icon Cancer Centre, will share more about breast and colorectal cancers and how to reduce cancer risk. Colin Lai, lead client adviser from MoneyOwl, will also share more about the critical illness coverage you need if life ever hits you with an unexpected illness.

Attendees who attend the event will also enjoy free health screening. You can find out more about the event and register for it here.

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