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People are naturally optimistic, and that positivity helps them enjoy life, love, and even try new things like tasty cheeseburgers or space exploration. But this optimism has a downside, especially when it comes to getting ready for tough times in the future.

Sometimes, our hopeful outlook on the future makes us forget to plan for unexpected money problems. Depending only on being optimistic without preparing enough is a risk that many of us can't afford.

So, it's important to find a balance by being practical. That's where understanding insurance comes in handy.

In the first part of the episode, the things to consider before selecting the insurance cautions against relying too much on work insurance plans, and discussed common mistakes people make with health insurance."

*Disclaimer: Investments in the securities market are subject to market risks. Read all the related documents carefully before investing.

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Quotes or authorisations in this podcast are provided solely for educational purposes and relate to third-party products.