Ever wondered how your financial approach stacks up against other generations?We bring together Tan Hong Tau, CEO of Manulife Financial Advisers, Chris from HoneyMoney, and Vanessa Ho, the Venture Capital Investor and Content Creator, to uncover the fascinating contrasts in how Gen Z, Millennials and Gen X view money, work, and financial independence. From the "live in the moment" attitude of Gen Z to the calculated strategies of Gen X, we explore how life stages, career choices, and even cultural shifts are reshaping financial priorities, as highlighted in the Manulife Asia Care Survey 2024 https://go.manulife.sg/TFC2yt.

But it’s not just about how much you can save—it's also about how well you protect what you've earned. Tune in as they share personal experiences and professional insights on why financial planning is essential, how to navigate the complexities of insurance, and the importance of balancing passion with practicality. Plus, get insider tips on making smart money moves that align with your goals, no matter what stage of life you're in.Whether you're hustling in your 20s, juggling family responsibilities, or planning for retirement, this episode offers something valuable for everyone. Don’t miss this deep dive into the generational divide in financial thinking—it might just change the way you view your own money journey!

00:00 - Introduction

03:21 - Could you please share your current perspective on money and how you perceive its significance?

10:23 - Given your perspective on money, how have your ideas and views on it evolved over time?

12:00 - How are you managing and structuring your financial resources to achieve your goals?

18:00 - How significant is retirement planning in your current financial strategy?

26:31 - For high-earning millennials who may not prioritize early retirement, how should one approach financial planning for long-term independence?

29:23 - When your children are no longer dependents, would you consider discontinuing your life insurance policies?

30:11 - Is a financial consultant necessary?

33:17 - After reviewing the discussion, what changes could you make to your approach going forward?

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Disclaimer: The content discussed in this episode is intended for educational purposes only and should not be considered as financial advice. The information provided is based on our understanding at the time of recording and may not reflect the current regulations or market conditions. The opinions expressed by guests are their own and do not necessarily represent those of The Financial Coconut. Please do your due diligence before making any investment or financial decisions.

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