WEBVTT - Live For Today, Plan For Tomorrow 0:00:02.279 --> 0:00:06.090 Hey, Kia, here. Some legal and general research has highlighted 0:00:06.120 --> 0:00:10.109 that an estimated 6. 5 million people are reaching key 0:00:10.110 --> 0:00:14.040 life events like getting married, becoming parents, or buying a 0:00:14.040 --> 0:00:19.139 home later in life. By delaying key life milestones, people 0:00:19.140 --> 0:00:23.459 are putting off important money decisions which might impact their longer- 0:00:23.460 --> 0:00:27.120 term financial wellbeing. Welcome to another episode of a Little 0:00:27.120 --> 0:00:29.639 Bit Richer, brought to you by my friends at Legal & 0:00:29.639 --> 0:00:33.629 General. Here to talk about how younger generations are redefining 0:00:33.630 --> 0:00:36.540 key life milestones and the impact this has is a 0:00:36.540 --> 0:00:39.449 friend of the show, Koren Byrne, from Legal & General, who 0:00:39.450 --> 0:00:42.208 talks about the path she's taking as an independent 30 0:00:42.210 --> 0:00:44.760 something woman. Thank you for joining us, Koren. 0:00:44.970 --> 0:00:46.138 Thank you for having me. 0:00:46.320 --> 0:00:49.348 I'm really excited because I need to get into nitty 0:00:49.348 --> 0:00:51.958 gritty of what this means. So before I get too 0:00:51.960 --> 0:00:55.199 into it, can you talk us through these issues and 0:00:55.199 --> 0:00:57.720 the social changes that we are seeing in society now? 0:00:57.810 --> 0:01:01.350 Yeah, of course. So when I started working in financial 0:01:01.350 --> 0:01:06.059 services, it must have been about six years, and it wasn't until I 0:01:06.059 --> 0:01:08.549 got into the industry and I was hearing about these 0:01:08.549 --> 0:01:13.620 products, especially around protection insurance, income protection, life insurance, critical 0:01:13.620 --> 0:01:16.830 illness, and I was like, these seem really good products 0:01:16.950 --> 0:01:20.519 to have and I had that light bulb moment. I 0:01:20.520 --> 0:01:24.030 was like oh, they actually could be for me. But 0:01:24.030 --> 0:01:27.179 the way that they're spoken about and how they're marketed 0:01:27.179 --> 0:01:29.879 and positioned, it's the when you get married, you might 0:01:29.879 --> 0:01:32.190 want to look at taking out a life insurance policy. 0:01:32.190 --> 0:01:33.779 When you buy a home, you might want to look 0:01:33.780 --> 0:01:36.690 at getting a life insurance policy or some income protection 0:01:36.690 --> 0:01:39.959 and things like that. The average age for people buying 0:01:39.959 --> 0:01:42.509 their first home is 34, which is the highest that 0:01:42.509 --> 0:01:45.720 it's been in decades. And marriage, the average age is 0:01:45.780 --> 0:01:50.849 32, which again is gradually increased from 2000 as well. 0:01:51.089 --> 0:01:57.059 So there are around 4. 1 million households that would 0:01:57.059 --> 0:02:00.360 count as a single income, no kids, SINC, or a 0:02:00.360 --> 0:02:04.469 dual income, no kids. So we are definitely on the rise. 0:02:04.680 --> 0:02:06.449 Those numbers that you put there are not the numbers 0:02:06.449 --> 0:02:08.340 I think people would jump to when you think to 0:02:08.340 --> 0:02:12.030 an average first time buyer. 34, that's a lot older 0:02:12.030 --> 0:02:14.550 than what you think it's going to be. So I'm 0:02:14.550 --> 0:02:17.160 in my mid 20s, I have friends who are doing 0:02:17.160 --> 0:02:18.689 and achieving all these things and I'm like oh my 0:02:18.690 --> 0:02:20.730 gosh, I'm way behind. When you look at the numbers, 0:02:20.730 --> 0:02:22.679 you're actually not, and it is increasing. It's probably going to 0:02:22.680 --> 0:02:24.690 get even higher when I get to that point. But 0:02:24.690 --> 0:02:26.371 you mentioned the term milestones there. 0:02:26.371 --> 0:02:27.061 Yeah. 0:02:27.300 --> 0:02:29.669 So what do you actually mean when you say milestones? 0:02:29.940 --> 0:02:33.538 So when I am talking about a milestone, I'm talking 0:02:33.540 --> 0:02:38.340 about those more traditional life key milestones. If you look 0:02:38.340 --> 0:02:42.809 to your parents, your grandparents, school, uni maybe, if that's 0:02:42.809 --> 0:02:46.560 for you, work and then you get married, you buy 0:02:46.560 --> 0:02:50.309 a home, you have children, and then you retire. And 0:02:50.309 --> 0:02:53.909 so especially looking at that mid- life point, which is 0:02:53.910 --> 0:02:56.669 probably what we're discussing most, which is buying a home, 0:02:56.820 --> 0:03:00.508 getting married, having children, in no particular order, of course, 0:03:00.900 --> 0:03:04.980 people are either choosing to not do those things for 0:03:04.980 --> 0:03:07.800 a variety of reason or that they're just doing them 0:03:08.010 --> 0:03:11.849 later in life. None of my close friends in a 0:03:11.849 --> 0:03:16.169 similar age have children, so we're redefining what family looks 0:03:16.169 --> 0:03:19.980 like. And so it's not necessarily a bad thing at 0:03:19.980 --> 0:03:22.109 all. I think it's great because we're breaking the mold 0:03:22.110 --> 0:03:25.380 and carving our own paths, focusing on careers and things 0:03:25.380 --> 0:03:29.250 like that. But what could be happening is that if 0:03:29.250 --> 0:03:32.758 we're delaying some of these key milestones or not reaching 0:03:32.758 --> 0:03:36.719 them at all, a lot of these key milestones, are 0:03:36.720 --> 0:03:41.370 what trigger conversations about protection insurance, if you're looking at 0:03:41.370 --> 0:03:45.360 mortgages, investments, savings, your pension as well. So if we're 0:03:45.360 --> 0:03:50.610 not hitting these milestones or we are delaying them, could 0:03:50.610 --> 0:03:54.209 this be delaying our financial engagement as well and could 0:03:54.209 --> 0:03:56.640 we be doing ourselves a little bit of a disservice 0:03:56.640 --> 0:04:00.600 in not engaging with our finances? It's really common to 0:04:00.600 --> 0:04:02.790 put something off until you get to a certain point. 0:04:03.300 --> 0:04:05.040 But if we're not buying a home until we're 34, 0:04:05.040 --> 0:04:07.499 getting married until we're 32, does that mean we shouldn't 0:04:07.770 --> 0:04:11.459 look at income protection, look at critical illness, think about 0:04:11.459 --> 0:04:13.620 what we're doing with our pension? And I just think 0:04:13.620 --> 0:04:17.909 it's really interesting to see how those family units are 0:04:17.910 --> 0:04:20.878 changing and what impact that might be having on financial 0:04:20.880 --> 0:04:23.370 engagement as well. And I do call myself a family 0:04:23.370 --> 0:04:25.290 even though I'm single, I have a cat. 0:04:25.950 --> 0:04:27.118 It's your family, I mean. 0:04:27.210 --> 0:04:28.950 That's my family. It's me and my cat. We are family. 0:04:28.950 --> 0:04:32.609 I love the way that you described just different family units 0:04:32.940 --> 0:04:36.000 and I think it takes off the pressure from people 0:04:36.000 --> 0:04:38.279 who may think, " Okay, I'm behind in life. I'm not 0:04:38.279 --> 0:04:40.410 doing well. I'm not married or I'm not in a couple," 0:04:40.529 --> 0:04:43.080 because we have different priorities from my parents or grandparents, 0:04:43.440 --> 0:04:46.259 and that does impact what that looks like for us. 0:04:46.650 --> 0:04:48.628 I know there's an issue here, so what exactly is 0:04:48.630 --> 0:04:49.140 the issue? 0:04:49.200 --> 0:04:54.300 Yeah, so what's happening is we are missing out on 0:04:54.450 --> 0:05:01.800 important conversations about certain financial products because as a group 0:05:01.920 --> 0:05:05.760 we're doing quite well, but you're also really vulnerable if 0:05:05.760 --> 0:05:09.360 you haven't had a conversation with someone about how to 0:05:09.360 --> 0:05:13.920 protect your income or saving for retirement. We're so focused 0:05:13.920 --> 0:05:18.029 on that enjoyment and that financial engagement piece is really 0:05:18.029 --> 0:05:20.130 important I think for this group. 0:05:20.190 --> 0:05:22.738 Yeah, I think it is just understanding how these products 0:05:22.740 --> 0:05:25.290 work so you can make an informed decision as to when 0:05:25.290 --> 0:05:27.960 best to maybe implement them in your life. So absolutely, 100%, 0:05:28.620 --> 0:05:31.680 I'm behind you on that. I've had many conversations with 0:05:31.680 --> 0:05:36.029 friends, right, and a lot of them have this idea 0:05:36.089 --> 0:05:38.909 that, you know what? Life's my enjoyment. I'm going to 0:05:38.910 --> 0:05:42.239 live for today and I worry about tomorrow if and 0:05:42.240 --> 0:05:45.029 when I get there. If I don't. I've had a good today. So I 0:05:45.029 --> 0:05:48.150 want to ask you, what are your thoughts on that idea? 0:05:48.150 --> 0:05:50.279 I would probably class myself as one of those people. 0:05:51.928 --> 0:05:55.049 No, I think it's a really interesting point, especially with 0:05:55.049 --> 0:05:56.820 how things are at the moment, the cost of living 0:05:56.820 --> 0:06:00.419 and stuff like that. I think, yes, it's one thing 0:06:00.420 --> 0:06:02.370 to be enjoying and doing the day- to- day by 0:06:02.370 --> 0:06:05.820 choice, but I think it's also really important that actually 0:06:05.880 --> 0:06:09.118 managing your day- to- day while also thinking about the 0:06:09.120 --> 0:06:11.369 future and being able to do things for your future 0:06:11.820 --> 0:06:14.729 is quite a privilege at the moment. But I think 0:06:14.730 --> 0:06:18.870 when you are in a position where you can do 0:06:18.900 --> 0:06:21.390 something towards future self that you'll look back and give 0:06:21.390 --> 0:06:23.130 yourself a pat on the back for when it comes 0:06:23.130 --> 0:06:27.238 to your finances, do it. If you can, do it. 0:06:27.240 --> 0:06:29.250 Because you will thank yourself in the future. 0:06:29.460 --> 0:06:29.700 You will. 0:06:29.880 --> 0:06:34.080 While you can think about maybe putting a little bit 0:06:34.080 --> 0:06:37.229 more away, not just that rainy day fund because I 0:06:37.230 --> 0:06:39.870 think some of the research that we've done showed that 0:06:40.050 --> 0:06:45.209 especially with the SINCs and the DINCs, they're much more confident with their 0:06:45.210 --> 0:06:48.360 money. But that overconfidence can come at a price because 0:06:48.360 --> 0:06:51.539 they put money away in a rainy day fund, but 0:06:51.630 --> 0:06:56.100 they're not thinking about pensions or savings. Because they haven't 0:06:56.100 --> 0:06:58.920 got those maybe natural triggers where they might be speaking 0:06:58.920 --> 0:07:02.190 to mortgage advisors where someone would just say, " Oh, have 0:07:02.190 --> 0:07:04.469 you thought about life insurance and what are you going to 0:07:04.469 --> 0:07:05.969 do? How are you going to protect your income if you 0:07:05.969 --> 0:07:09.780 get ill and stuff?" So I think it's a balancing 0:07:09.780 --> 0:07:13.019 act, but definitely don't do what I have been guilty 0:07:13.020 --> 0:07:15.750 of. Don't bury your head in the sand. Do take 0:07:16.110 --> 0:07:16.560 a breath- 0:07:16.560 --> 0:07:19.141 Take a breath. I'm outside. There's a lot going on up here. 0:07:19.141 --> 0:07:21.300 ... and just think, " Oh, can I put a little 0:07:21.300 --> 0:07:23.609 bit more aside? Have I looked at what my pension's 0:07:23.610 --> 0:07:27.360 doing recently? What am I savings saying? Yep, that instant 0:07:27.360 --> 0:07:29.459 account is fine, but maybe I can lock some money 0:07:29.459 --> 0:07:31.589 away and something for a fixed term and things like 0:07:31.590 --> 0:07:38.280 that." It's probably not as fun as brunch, but future 0:07:38.280 --> 0:07:43.049 you, when you're having brunch in your 80s will definitely 0:07:43.049 --> 0:07:43.559 thank you. 0:07:43.679 --> 0:07:47.369 Absolutely. I don't plan on retiring with no money. I 0:07:47.369 --> 0:07:50.070 plan on chilling on a beach and having a great 0:07:50.070 --> 0:07:52.800 retirement. I'm not thinking about where the next money's coming from 0:07:52.800 --> 0:07:54.780 because I've already done that in my younger years. 0:07:54.870 --> 0:07:55.290 Absolutely. 0:07:55.950 --> 0:07:59.520 You spoke about it earlier and that's life insurance. And 0:07:59.520 --> 0:08:01.980 I think often there's certain words, life insurance is one 0:08:01.980 --> 0:08:04.829 of them. Retirement's another one, pension's another one where people 0:08:04.830 --> 0:08:09.030 automatically think about being old and they also think about 0:08:09.030 --> 0:08:14.399 dependents. So if someone or a couple isn't planning on 0:08:14.400 --> 0:08:17.340 having kids, is life insurance still something that they should 0:08:17.400 --> 0:08:19.529 consider taking out and looking at? 0:08:19.559 --> 0:08:23.549 Yeah, short answer is yes. The longer answer is having 0:08:23.549 --> 0:08:26.880 children, life changing in a number of ways and also 0:08:26.880 --> 0:08:29.790 it gets you thinking about how do I protect this 0:08:29.790 --> 0:08:32.849 person that is solely reliant on me? And so it's 0:08:32.849 --> 0:08:36.540 a natural trigger and if you look at any adverts, 0:08:36.540 --> 0:08:40.348 it's very easy to look at that and think, " Oh, 0:08:40.350 --> 0:08:42.029 it's not for me to worry about because I don't 0:08:42.029 --> 0:08:45.088 have children, I don't need life insurance." But you might 0:08:45.660 --> 0:08:49.230 because if you don't have any dependents, it doesn't mean 0:08:49.230 --> 0:08:52.290 that you don't have what we'd call beneficiaries. So people 0:08:52.500 --> 0:08:55.858 who you would like to leave some money for as 0:08:55.860 --> 0:08:57.780 much as my brother annoys me, it might be quite nice. 0:08:57.780 --> 0:08:59.220 Well, I mean that's the two of us in the room. 0:09:00.420 --> 0:09:02.910 Yeah, no, we're still really close and if anything should 0:09:02.910 --> 0:09:05.100 happen to me, I'm sure he would be really pleased 0:09:05.670 --> 0:09:08.458 if it was a beneficiary of some sort from a 0:09:08.460 --> 0:09:10.170 life insurance policy for me so I could make sure 0:09:10.170 --> 0:09:13.470 that he was looked after. Same for my mum. Also, 0:09:13.710 --> 0:09:17.458 getting a life insurance policy, oftentimes when you're younger, it's 0:09:17.458 --> 0:09:21.330 cheaper. So life insurance can absolutely be for you if 0:09:21.330 --> 0:09:24.420 you don't have children, but it might not be. It's 0:09:24.420 --> 0:09:28.980 worth exploring. So I've already touched on income protection before, 0:09:29.250 --> 0:09:32.338 which for someone in my position, if I was to 0:09:32.670 --> 0:09:36.270 be off ill for a significant period of time or 0:09:36.270 --> 0:09:39.630 injured, I'm the only person that pays my rent. Daisy 0:09:39.630 --> 0:09:41.371 can try, but we've tried to get her Instagram famous- 0:09:41.371 --> 0:09:41.372 We've tried, and she's not doing it. 0:09:41.372 --> 0:09:45.150 ... and she's too much of a diva for that. 0:09:45.420 --> 0:09:47.458 So she's never going to be an influencer and pay 0:09:47.460 --> 0:09:49.950 the bills. I've asked, she's not put a penny of 0:09:49.950 --> 0:09:50.639 rent up yet. 0:09:51.929 --> 0:09:52.078 No, she put her paws up, she said no. 0:09:52.320 --> 0:09:57.030 Absolutely. So it would give me that sense of financial 0:09:57.030 --> 0:10:00.809 security if I can't work, and it would just give 0:10:00.809 --> 0:10:03.150 me a bit of a buffer. And also a critical 0:10:03.150 --> 0:10:06.839 illness policy. If you do end up with a critical 0:10:06.840 --> 0:10:10.529 illness, it gives you a lump sum and it doesn't 0:10:10.529 --> 0:10:12.750 have to go towards your mortgage, it can go to 0:10:12.750 --> 0:10:15.809 the cost of anything for you. But again, it's a 0:10:15.809 --> 0:10:20.160 buffer for you and it's how you look after yourself. 0:10:20.190 --> 0:10:24.480 So, yes, life insurance, protecttion insurance could absolutely be for 0:10:24.480 --> 0:10:27.569 you. Don't write it off just because you don't have children. 0:10:27.630 --> 0:10:31.228 That's amazing. I think the general theme is just have 0:10:31.230 --> 0:10:34.319 it on your mind and do the research. So, if 0:10:34.320 --> 0:10:36.449 we come back to the topic of renting then, if 0:10:36.450 --> 0:10:42.240 someone's renting in a couple, is it less important for 0:10:42.240 --> 0:10:45.030 them to have protection if they have a partner who 0:10:45.030 --> 0:10:46.740 they know can cover the bills and the rent? If 0:10:46.740 --> 0:10:49.078 something were to happen, is it not a priority to them because 0:10:49.080 --> 0:10:50.280 they know they can fall back on someone? 0:10:51.300 --> 0:10:55.920 I think this is a really interesting one because obviously 0:10:56.490 --> 0:10:59.309 if you are both covering bills, rent, you've got two 0:10:59.309 --> 0:11:01.710 streams of income coming into that home. And yes, you 0:11:01.710 --> 0:11:06.389 might be fine if you've got a planned break in 0:11:06.389 --> 0:11:09.870 work or a planned drop in salary for one or 0:11:09.870 --> 0:11:12.150 both of you because together you can calculate it and 0:11:12.150 --> 0:11:15.780 you can plan for it. If something comes up that 0:11:15.780 --> 0:11:18.809 you weren't planning for and if the unexpected does happen, it's 0:11:18.809 --> 0:11:24.179 a very, very different scenario. It just gives you security. 0:11:24.869 --> 0:11:26.939 If you were to fall ill, and from my own 0:11:26.940 --> 0:11:30.540 experience with my health when I was diagnosed with MS 0:11:30.540 --> 0:11:33.090 a few years ago, it's not just one appointment. You 0:11:33.090 --> 0:11:36.240 get your diagnosis and you trot off and go, " Okay." 0:11:36.480 --> 0:11:39.030 You are in and out of hospital. Depending on where 0:11:39.030 --> 0:11:40.619 you're at with your health, you might not be able 0:11:40.619 --> 0:11:44.040 to drive yourself to appointments. So, yes, you might be 0:11:44.610 --> 0:11:47.070 relying on someone's income and they might still be working, 0:11:47.070 --> 0:11:48.660 but they also might need to take time off to 0:11:48.660 --> 0:11:51.599 care for you too. And then you end up in 0:11:51.599 --> 0:11:54.810 a dynamic where you've got the stress of being unwell 0:11:55.830 --> 0:11:59.190 and then you've got the financial strain and a rainy 0:11:59.190 --> 0:12:03.569 day fund and with as much planning as you want, if something 0:12:03.570 --> 0:12:10.500 unexpected happens, those costs drain really, really quickly. So it's 0:12:10.500 --> 0:12:13.200 just one stress that you can take off someone and 0:12:13.200 --> 0:12:15.990 take that burden of keeping up with the bills. But 0:12:15.990 --> 0:12:17.821 unexpected things happen all the time and they- 0:12:17.821 --> 0:12:17.822 All the time. 0:12:17.822 --> 0:12:19.949 ... don't all have to be completely catastrophic to make a 0:12:19.950 --> 0:12:23.010 real impact on your financial status as well. 0:12:23.130 --> 0:12:23.880 Yeah, it's true. 0:12:24.450 --> 0:12:27.480 It's just that freedom of choice then. If your situation 0:12:27.480 --> 0:12:30.300 changes, you might have stopped work, but your partner might 0:12:30.300 --> 0:12:32.759 want to go part- time and having something to fall 0:12:32.759 --> 0:12:35.730 back on, like critical illness just means you get that 0:12:35.789 --> 0:12:38.490 sum of money, which maybe makes those choices a little bit 0:12:38.490 --> 0:12:41.250 easier to make and you just take a lot of 0:12:41.250 --> 0:12:45.240 stress off yourself. So I think it's definitely worth looking into. 0:12:45.330 --> 0:12:49.199 Very much so important. Another thing that's important though is 0:12:49.290 --> 0:12:53.789 pension savings. Why is it important to save as early 0:12:53.789 --> 0:12:56.580 as possible when retirement can feel like a lifetime away? 0:12:56.880 --> 0:13:00.300 So when you have a pension, it's an investment. So 0:13:00.300 --> 0:13:04.020 the earlier you start, the more chance you have of 0:13:04.020 --> 0:13:09.180 that investment growing. So ultimately, do it early. Start early, 0:13:09.270 --> 0:13:11.848 don't put it off. Remember that this life that you're 0:13:11.850 --> 0:13:15.840 creating now, you probably want to keep up, if not 0:13:16.080 --> 0:13:17.189 maybe a little bit better. 0:13:19.260 --> 0:13:19.261 That would be nice. 0:13:19.261 --> 0:13:23.160 A few more holidays once you remove the work element, so start early and 0:13:23.160 --> 0:13:24.240 just watch that build. 0:13:24.240 --> 0:13:26.189 Amazing. I think, yes, start early is the thing that 0:13:26.190 --> 0:13:28.469 we want everyone to remember when it comes to all your 0:13:28.469 --> 0:13:32.520 protections, thinking about your future, have that on your mind and start early. 0:13:33.360 --> 0:13:35.040 Before we round off then I want to ask you, 0:13:35.040 --> 0:13:37.410 what are your three top tips that you think our 0:13:37.410 --> 0:13:40.020 listeners should consider when it comes to planning for their 0:13:40.020 --> 0:13:42.030 future and just getting their finance in check? 0:13:42.210 --> 0:13:46.019 I think the first one is that it's all well 0:13:46.020 --> 0:13:49.980 and good putting off or breaking the mold and not 0:13:49.980 --> 0:13:55.679 going down traditional milestones, that's absolutely fine, but delaying key 0:13:55.679 --> 0:14:01.680 life milestones shouldn't delay you engaging with your finances. And 0:14:01.920 --> 0:14:03.838 I wouldn't be true to myself if I didn't say 0:14:03.839 --> 0:14:08.490 something about protection insurance either. Just because you're not having 0:14:08.490 --> 0:14:12.449 children and you're not getting married, doesn't mean that you 0:14:12.450 --> 0:14:15.929 shouldn't have any protection insurance in place. I am my 0:14:15.960 --> 0:14:20.400 sole dependent and if I can't work or something unexpected 0:14:20.400 --> 0:14:22.739 happens to me, there are still bills that need to 0:14:22.740 --> 0:14:24.719 be paid and I am the one that's responsible for 0:14:24.719 --> 0:14:29.430 them. So critical illness, income protection, life insurance, explore them, 0:14:29.460 --> 0:14:32.639 read up on them, have conversations about them and just 0:14:32.639 --> 0:14:36.450 see if they're right for you. And you can also 0:14:36.450 --> 0:14:42.090 have access to things like wellbeing benefits, private diagnostics, counseling, 0:14:42.270 --> 0:14:44.640 private GPs, and these are the services that you can 0:14:44.640 --> 0:14:48.030 access right now, which again saves you money. So there 0:14:48.030 --> 0:14:50.429 are benefits to having these products now, not just looking 0:14:50.429 --> 0:14:52.800 into the future as well. And yeah, and the third 0:14:52.800 --> 0:14:56.609 one, I'm definitely of that generation of millennial that's very 0:14:56.610 --> 0:14:59.909 much YOLO. That I've just really aged myself there in 0:14:59.910 --> 0:15:03.180 saying that, I know I'm definitely not Gen Z. However, 0:15:03.630 --> 0:15:06.570 I think it's a really great attitude to have sometimes, 0:15:06.930 --> 0:15:10.380 but don't do it at the cost of your financial 0:15:10.380 --> 0:15:14.189 security for now and in the future. By all means, 0:15:14.190 --> 0:15:17.729 enjoy life. Enjoy the choices that you've made, enjoy the 0:15:17.730 --> 0:15:21.450 family that you've built, whether that's you and your cat 0:15:21.450 --> 0:15:24.450 or you, two dogs, three goldfish and a hamster, or 0:15:24.450 --> 0:15:27.959 whether that's you married with children, don't stick your head 0:15:27.960 --> 0:15:31.950 in the sand. Don't put things off waiting to do 0:15:31.950 --> 0:15:36.780 other things. So just be really mindful and don't disengage 0:15:36.810 --> 0:15:40.890 from your finances just because you're enjoying your disposable income. 0:15:41.460 --> 0:15:44.040 I feel like this has given our listeners a lot 0:15:44.040 --> 0:15:47.010 of encouragement, but it is just important to consider the 0:15:47.010 --> 0:15:50.460 finances so you can protect yourself and cover yourself for 0:15:50.460 --> 0:15:51.000 the future. 0:15:51.059 --> 0:15:51.809 Absolutely. 0:15:51.870 --> 0:15:55.710 Koren, this has been an incredible episode as per, because 0:15:55.710 --> 0:15:57.660 you're a friend of the podcast, so thank you so, 0:15:57.660 --> 0:15:58.230 so much. 0:15:58.260 --> 0:15:59.310 Thank you for having me. 0:16:01.950 --> 0:16:04.469 Next time we'll be joined by Ben Levett from TikTok 0:16:04.530 --> 0:16:06.599 to talk to us all about the cost of having 0:16:06.599 --> 0:16:09.120 a pet. I'd love it if you could review the 0:16:09.120 --> 0:16:12.299 podcast, spread the word, and help others get a little 0:16:12.299 --> 0:16:15.420 bit richer too. Keep up with the show on TikTok and Instagram 0:16:15.420 --> 0:16:18.000 at Legal & General. A Little Bit Richer is brought to you 0:16:18.000 --> 0:16:21.000 by Legal & General. Thank you for listening. See you soon.