It's important to recognise that proper financial planning takes time, effort and discipline, and sustainable long term investment returns doesn't happen by chance. Ensuring sufficient insurance coverage for unforeseen circumstances. Taking a prudent and long term view towards investment andģ. Conscious and disciplined savings, and choosing the right accounts that meet one's needs Ģ. In the 8World (8视界) recorded interview, I shared some simple tips that could help weather the market volatility and build towards one's retirement goal.ġ. The study also noted that there were higher rates of gambling, reckless spending and speculative investing among the respondents. The decline in the index came on the back of lower investment returns, an increase in debt stress, as well as derailed retirement plans, amid the challenging macroeconomic environment in 2022, including record-high inflation, rising interest rates and geopolitical uncertainty. We published the OCBC Financial Wellness Index 2022 earlier this week, and shared that the state of Singaporeans’ financial wellness has deteriorated slightly in 2022, with the index dipped to 61 from 62 in 2021.

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