WEBVTT -  What if you can’t save enough for retirement?

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<v Speaker 1>You're listening to a CNA podcast. Hello, I'm Andrea Heng.

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<v Speaker 1>I'm a millennial with just about 25 years to go

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<v Speaker 1>before I retire, but I have no retirement funds saved

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<v Speaker 1>up yet.

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<v Speaker 1>Welcome to the Money Talks podcast, everybody, and we're here

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<v Speaker 1>to talk about retirement. And let me tell you, retirement anxiety,

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<v Speaker 1>it's real. You just heard it from me. And especially

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<v Speaker 1>when you read things like, Singaporeans underestimate how much is

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<v Speaker 1>needed to retire, or you get messages like, it's never

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<v Speaker 1>too late, but start now.

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<v Speaker 1>So how do we know what is enough then and

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<v Speaker 1>why shouldn't you wait till maybe 50 years old to

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<v Speaker 1>start saving up your retirement funds? Fellow millennials especially, I'm

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<v Speaker 1>looking at you. Well, I hope it isn't too late

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<v Speaker 1>to ask for help now from OCBC's wealth management head, Tanieli.

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<v Speaker 1>Hello Li. Hello, Andrew. Hi. Uh, so are you afraid

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<v Speaker 1>for me? Not

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<v Speaker 1>really. OK, good.

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<v Speaker 2>Do you have a chance. I have

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<v Speaker 1>hope.

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<v Speaker 2>I have a chance. I won't

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<v Speaker 1>ask your age, but do you have retirement anxiety like

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<v Speaker 1>I do? Please tell

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<v Speaker 1>me I'm not the only one.

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<v Speaker 2>No, I don't have. it's because of my, my occupation,

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<v Speaker 2>my job, I know that I need to plan for

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<v Speaker 2>my retirement. So I started planning for my retirement since

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<v Speaker 2>I started working the first day of work. Yeah, because

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<v Speaker 2>I know that.

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<v Speaker 2>You need to plan for retirement early, no matter how

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<v Speaker 2>small you put aside. Who taught you that?

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<v Speaker 1>Myself? Wow. And where did you get this idea that

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<v Speaker 1>I need to.

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<v Speaker 2>It just it just dawned on me that I need

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<v Speaker 2>to start. Maybe I don't come from a well to

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<v Speaker 2>do family. I know I cannot depend on my parent.

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<v Speaker 2>In fact, I need to start working as soon as

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<v Speaker 2>I graduate, right, so that I can provide for them.

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<v Speaker 2>I've got to provide for myself, right? I didn't think

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<v Speaker 2>of getting married. I just thought of like, you know,

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<v Speaker 2>I should work very hard. I should make sure that

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<v Speaker 2>I don't force it.

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<v Speaker 2>Yeah, right, so insurance is like top of my mind, right?

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<v Speaker 2>Of course savings, right? And then after that I said, OK,

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<v Speaker 2>then I need to save some money for my parents

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<v Speaker 2>and then start saving for retirement no matter how small

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<v Speaker 2>it is. So it just dawned on me, maybe it's

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<v Speaker 2>like maybe it's from the right. It's like a fear

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<v Speaker 2>because it's like if you don't come from a you

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<v Speaker 2>know well to do families like you need to make

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<v Speaker 2>sure that everything is A

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<v Speaker 1>OK. Now you have a survey that says 75% aren't

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<v Speaker 1>on track with our retirement planning.

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<v Speaker 1>Just out of curiosity, are we Singaporeans the only ones

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<v Speaker 1>that are guilty of this? Why

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<v Speaker 1>is this the case?

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<v Speaker 2>Um, I don't think Singaporeans are the only ones, although

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<v Speaker 2>the survey is on Singaporeans, right?

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<v Speaker 2>It's just the magnitude of it. When we speak to clients, right,

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<v Speaker 2>or or anyone that we speak to our friends and all,

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<v Speaker 2>they say, isn't savings a form of retirement planning, but

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<v Speaker 2>they do not know that there's such thing as inflation,

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<v Speaker 2>depending on when you save as well and how much

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<v Speaker 2>you save, right? When you're going to retire. So all

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<v Speaker 2>these financial talks starts coming up, right? And then people say,

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<v Speaker 2>I don't understand what you're talking about. So I think

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<v Speaker 2>it's about the knowledge, right, why we should start planning

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<v Speaker 2>for retirement right now, especially when you are younger, your

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<v Speaker 2>your runway is.

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<v Speaker 2>The power of compounding stronger, right, versus if you start

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<v Speaker 2>planning at 50 years old, which is what has been

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<v Speaker 2>revealed in our financial wellness index in 2024, where they

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<v Speaker 2>say that most of them started planning when they are 15,

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<v Speaker 2>but yet they are not on track to meet their

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<v Speaker 2>retirement goals. Why is that so? Because to your point,

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<v Speaker 2>you only have 25 years to go. If I'm 50,

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<v Speaker 2>I only have like 15 years. Let's say we take

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<v Speaker 2>65 as the retirement age, right? 15 years versus 25

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<v Speaker 2>years is a huge difference when it comes to compounding. Yes, exactly.

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<v Speaker 2>That's why we are not on track.

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<v Speaker 2>And because of this, a lot of my friends at

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<v Speaker 2>that age actually told me that then I have to

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<v Speaker 2>scale down my lifestyle, right? Then the next thing they

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<v Speaker 2>tell us is like, oh, I got my house. It's fine. Yeah,

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<v Speaker 2>it's fine. So it's like savings, housing, right? Then I said,

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<v Speaker 2>I said, yes, I do agree that you can probably

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<v Speaker 2>at a certain age, you can talk about right sizing

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<v Speaker 2>or downsizing, but that's not the point. Even if I'm

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<v Speaker 2>willing to downsize or right size, right, I need to

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<v Speaker 2>find someone to buy my existing house. And we all

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<v Speaker 2>know how.

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<v Speaker 2>how lucky you are, it's difficult to find a buyer.

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<v Speaker 2>It all depends

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<v Speaker 1>it depends on the age of your house, the condition

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<v Speaker 1>of your house, what the market is like at the

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<v Speaker 1>time that you're selling it. I suppose, you know, there

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<v Speaker 1>are sacrifices that we still do need to make when

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<v Speaker 1>we start to retire, right? Just to make sure we

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<v Speaker 1>have enough funds. Your point is we shouldn't be doing

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<v Speaker 1>that much of a sacrifice by the time you get there, right?

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<v Speaker 1>So is it normal to think of retirement as this

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<v Speaker 1>very last item on the checklist, the last

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<v Speaker 1>Thing to do when we have X amount, right? After expenses,

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<v Speaker 1>we invest in kids and healthcare and arguably those two

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<v Speaker 1>are pretty high key for many of us, right? And

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<v Speaker 1>it seems to me that once these expenses ease up,

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<v Speaker 1>then I can say, OK, then we can think of

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<v Speaker 1>retirement now. That's why you end up having people starting

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<v Speaker 1>to plan for retirement at 50 because their kids are

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<v Speaker 1>grown up, healthcare sorted, insurance sorted. Why is this an

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<v Speaker 1>issue though, like that that if we continue to work

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<v Speaker 1>till 65.

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<v Speaker 1>And 15 years it is still a runway still, right?

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<v Speaker 1>That's still something I can leverage though, right?

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<v Speaker 2>But runway is shorter, right? So you, you may need

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<v Speaker 2>to set aside more, right, because the runway is shorter,

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<v Speaker 2>the power of compounding has lessened, set aside more. At

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<v Speaker 2>that point in time, while we can say that your expenses,

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<v Speaker 2>your kids' education has been taken care of, but not

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<v Speaker 2>forgetting age starts creeping in, health issues will start creeping in, right,

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<v Speaker 2>depending on how serious it is in the magnitude of

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<v Speaker 2>1 to 10. So your expenses on that front will

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<v Speaker 2>start to.

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<v Speaker 2>Increase. You need to put your money to work faster,

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<v Speaker 2>which would mean that you need to put your money

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<v Speaker 2>into riskier investment. But depending if let's say you're not

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<v Speaker 2>working and maybe you're of OK help but still some issues, right?

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<v Speaker 2>You can't put your money into very, very high risk

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<v Speaker 2>investment products to catch up for that lack of time.

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<v Speaker 1>You want a shorter runway, sure, but you're going to

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<v Speaker 1>have to

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<v Speaker 1>shower.

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<v Speaker 2>We all know that's high risk, high returns, right? And

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<v Speaker 2>Singaporeans are generally we are not that risk taking when

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<v Speaker 2>it comes to investment.

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<v Speaker 1>Absolutely, we're

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<v Speaker 1>very risk averse. Now, I personally think that millennials tend

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<v Speaker 1>to be more vulnerable than other generations when it comes

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<v Speaker 1>to uh planning for retirement, delaying it even because we

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<v Speaker 1>are the sandwich generation. Uh, we're at the peak of

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<v Speaker 1>our careers, but our expenses also stretch wider. Do you

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<v Speaker 1>think millennials are structurally more at a disadvantage to kickstart

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<v Speaker 1>retirement savings considering cost of living, stagnant wages, perhaps, the

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<v Speaker 1>fact that we're a sandwich generation?

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<v Speaker 2>I do not think so. That's my view, because as millennials,

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<v Speaker 2>in terms of job prospects, right? I think it's better

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<v Speaker 2>than where our apartments came from when it comes to

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<v Speaker 2>job prospects. I think the average wage is reasonable, I

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<v Speaker 2>would say. Retirement planning does not have to take a

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<v Speaker 2>back seat. You just, like I said, you just need

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<v Speaker 2>to start. You can start very small, even with

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<v Speaker 2>$100 a month into a monthly investment plan, that will

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<v Speaker 2>work as well, right? Because again, I cannot stress enough

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<v Speaker 2>the power of compounding. So it's not about whether I'm

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<v Speaker 2>in this age of life, I don't want to talk

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<v Speaker 2>about planning for retirement because I can, I can do

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<v Speaker 2>it later. So let me give you an example. When

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<v Speaker 2>we talked about the Gen Z, you see, I'm very young.

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<v Speaker 2>I got lots of time. That's not my priority right now.

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<v Speaker 2>Youth is wasted on the young, they say. Yeah. So

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<v Speaker 2>I'm like, yeah, it's true, but whatever you have instead

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<v Speaker 2>of spending, you know, beyond your means to keep up

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<v Speaker 2>with your peers or something, maybe you should put that

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<v Speaker 2>sum in maybe $100 to $200 into some retirement plans

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<v Speaker 2>or something like that. So back to your sandwich generation,

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<v Speaker 2>it is the same thing. They say that, OK, I

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<v Speaker 2>need to take care of my parents, you know, I

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<v Speaker 2>need to take care of my kids, children's education is

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<v Speaker 2>very important, but that doesn't mean that you have nothing left, right?

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<v Speaker 2>Instead of going.

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<v Speaker 2>To a fanciful restaurant once a week, maybe you can

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<v Speaker 2>do it twice a month so that the sum of

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<v Speaker 2>money you can put it into a retirement plan, spread

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<v Speaker 2>it out. So it's not about one or the other.

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<v Speaker 2>Although in a basic financial planning one on one, we

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<v Speaker 2>just say that you need to save how much for

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<v Speaker 2>emergency cash, get your insurance first sorted and then talk

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<v Speaker 2>about children's education allocation, right? You can always do that

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<v Speaker 2>at the same time, right? Of course, you don't want

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<v Speaker 2>to put so much on retirement planning and not being

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<v Speaker 2>able to enjoy yourself, which leads to mental stress, right?

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<v Speaker 2>Yeah. So we always say that you just need to

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<v Speaker 2>spread your funds accordingly.

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<v Speaker 1>So if you came across a Gen Z personnel in

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<v Speaker 1>your office today, yet having that same attitude, right? Oh,

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<v Speaker 1>not yet saving up for retirement, don't want to think

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<v Speaker 1>about it, don't need to think about it because I

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<v Speaker 1>have many years left ahead of me. How would you

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<v Speaker 1>speak in their language to them and tell them, Hey, actually,

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<v Speaker 1>you should start now, you know, because this and this

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<v Speaker 1>and this is going to happen. How would you speak

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<v Speaker 1>to them in their language?

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<v Speaker 2>I will

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<v Speaker 2>speak exactly what you say. Come here, sit down, let's

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<v Speaker 2>have a.

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<v Speaker 2>Let's have a drink, right? I'll bring them for a drink,

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<v Speaker 2>not coffee. Let's have a drink and we talked about it,

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<v Speaker 2>provided my colleague drinks, right? Let's have a drink and

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<v Speaker 2>talk about it, right? And then I'll start telling them

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<v Speaker 2>like my life story, of course in a fun way.

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<v Speaker 2>I kind of realized that if you tell the younger,

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<v Speaker 2>I have a lot of young Gen Z friends, right, yeah, friends,

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<v Speaker 2>I call them little friends. Then they call me big friends, right?

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<v Speaker 2>So big friend, right? So they talk and why you

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<v Speaker 2>think that they don't really listen, but they do. So

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<v Speaker 2>I don't nag at them. I'm just like.

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<v Speaker 2>But you can only do this when there's a certain

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<v Speaker 2>level of trust in you.

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<v Speaker 1>Do

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<v Speaker 1>you have space for one more millennial in your friends,

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<v Speaker 2>your friends? You want to be my friend? Yes,

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<v Speaker 1>I would like that. I will give you my number later.

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<v Speaker 1>Thanks for that. What do Singaporeans typically tend to get

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<v Speaker 1>wrong when it comes to planning for their retirement savings

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<v Speaker 1>and how can we unlearn some of these mistakes?

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<v Speaker 2>It's about priority la. I won't say it's wrong, it's

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<v Speaker 2>not wrong, it's just

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<v Speaker 2>That they prioritize one over the other, right? So you

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<v Speaker 2>need to unlearn by like what I mentioned just now, right,

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<v Speaker 2>to say that this is not in this chronological order.

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<v Speaker 2>If your income or situation permits, you should do all

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<v Speaker 2>things at the same time. After, of course, you still

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<v Speaker 2>need to set aside 6 months of your, you know,

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<v Speaker 2>income as emergency cash. After that, you just need to

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<v Speaker 2>spread out, right? Of course, one of my colleagues told

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<v Speaker 2>me 1, 13, 1. I said, Where did you get

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<v Speaker 2>the 11, 1/3? He said that.

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<v Speaker 2>You know, one in your whatever income you have, one

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<v Speaker 2>in savings, one in probably investments where you can invest

0:10:03.070 --> 0:10:05.869
<v Speaker 2>for retirement or children's education for growth, and the other

0:10:05.869 --> 0:10:09.539
<v Speaker 2>wanted to enjoy yourself. Yeah, so I don't think it's wrong.

0:10:09.659 --> 0:10:12.869
<v Speaker 2>It's just prioritization. You don't need to sacrifice one over

0:10:12.869 --> 0:10:13.010
<v Speaker 2>the

0:10:13.010 --> 0:10:13.309
<v Speaker 2>other.

0:10:13.630 --> 0:10:15.468
<v Speaker 1>I think that's a very good point to make. A

0:10:15.469 --> 0:10:17.239
<v Speaker 1>lot of us think that oh it's really

0:10:17.289 --> 0:10:21.919
<v Speaker 1>One versus the other and that they cannot coexist in

0:10:21.919 --> 0:10:25.478
<v Speaker 1>your financial life, right? Now, let's get down to the

0:10:25.479 --> 0:10:29.159
<v Speaker 1>nuts and bolts. What are my must haves when building

0:10:29.159 --> 0:10:32.510
<v Speaker 1>my retirement savings? Is it enough to depend on, say,

0:10:32.539 --> 0:10:36.099
<v Speaker 1>my CPF basic retirement sum? Because in monetary terms, we

0:10:36.099 --> 0:10:37.460
<v Speaker 1>know it all depends on

0:10:37.979 --> 0:10:41.260
<v Speaker 1>Spending habits. But for someone who has absolutely no idea

0:10:41.260 --> 0:10:44.978
<v Speaker 1>where to start, is there like a ballpark figure that

0:10:44.979 --> 0:10:46.539
<v Speaker 1>you can give me? I know I'm putting you on

0:10:46.539 --> 0:10:48.179
<v Speaker 1>the spot here, but for someone who has no idea

0:10:48.179 --> 0:10:50.900
<v Speaker 1>how to start, how much would I actually need in

0:10:50.900 --> 0:10:51.409
<v Speaker 1>numbers?

0:10:51.500 --> 0:10:53.979
<v Speaker 2>If I looked at it in our financial wellness index

0:10:53.979 --> 0:10:57.619
<v Speaker 2>for 2024, right? We had three lifestyle. The first basic

0:10:57.619 --> 0:11:00.640
<v Speaker 2>retirement lifestyle would be like owning and live in HDB property,

0:11:00.659 --> 0:11:02.260
<v Speaker 2>commutes via public transport.

0:11:02.539 --> 0:11:06.510
<v Speaker 2>That one is about $2,725 a month, to be exact,

0:11:06.580 --> 0:11:09.289
<v Speaker 2>very exact. Retirement lifestyle B will be owned and live

0:11:09.289 --> 0:11:12.969
<v Speaker 2>in HDB property, commutes by a taxi or your own

0:11:12.969 --> 0:11:17.329
<v Speaker 2>mid-range car, right? Elos part-time domestic helper, right? So that's

0:11:17.330 --> 0:11:21.250
<v Speaker 2>about $3430 right? For retirement lifestyle C will be owns

0:11:21.250 --> 0:11:23.200
<v Speaker 2>a high-end car, lives in a private property.

0:11:23.340 --> 0:11:27.809
<v Speaker 2>And los a full-time domestic helper, that's about $6150. So

0:11:27.809 --> 0:11:30.549
<v Speaker 2>if you ask me, depending on which lifestyle you want

0:11:30.549 --> 0:11:33.169
<v Speaker 2>in let's say 25 years' time, we got to factor

0:11:33.169 --> 0:11:36.409
<v Speaker 2>in inflation into the years, right? If you talk about now,

0:11:36.450 --> 0:11:41.750
<v Speaker 2>you need $6150 to maintain the lifestyle. So if now

0:11:41.750 --> 0:11:44.039
<v Speaker 2>let's say your savings per month is only about

0:11:44.419 --> 0:11:47.539
<v Speaker 2>$3000. It ain't going to work. It ain't gonna work.

0:11:48.039 --> 0:11:51.179
<v Speaker 2>It ain't gonna work. So what do you need to do, right?

0:11:51.270 --> 0:11:53.869
<v Speaker 2>If you, of course there are tools out there, many,

0:11:53.900 --> 0:11:56.260
<v Speaker 2>many tools out there, whether it's it from financial institutions

0:11:56.260 --> 0:11:58.340
<v Speaker 2>or from digital banks, they will ask you to punch

0:11:58.340 --> 0:11:59.659
<v Speaker 2>in how much you want. Let's say you punch in

0:11:59.659 --> 0:12:01.979
<v Speaker 2>$6150 they will tell you this, how much you need

0:12:01.979 --> 0:12:04.900
<v Speaker 2>like now to invest. So the number always scares a

0:12:04.900 --> 0:12:07.380
<v Speaker 2>lot of people, right? So when we look back at

0:12:07.380 --> 0:12:07.859
<v Speaker 2>our statistics.

0:12:08.013 --> 0:12:10.522
<v Speaker 2>That we have based on the numbers or the landings

0:12:10.523 --> 0:12:13.122
<v Speaker 2>that have been done by our customers with us, averagely

0:12:13.122 --> 0:12:16.603
<v Speaker 2>it's about $1.3 million but that was many years back

0:12:16.602 --> 0:12:19.163
<v Speaker 2>haven't factored inflation. That was like yeah it is a scary.

0:12:19.403 --> 0:12:21.372
<v Speaker 2>It is a scary number at that point in time,

0:12:21.562 --> 0:12:23.122
<v Speaker 2>at that point in time was very scary. In fact,

0:12:23.232 --> 0:12:25.802
<v Speaker 2>I think it was about 1.5 or something. It's scary

0:12:25.802 --> 0:12:28.122
<v Speaker 2>now probably I don't know, maybe 2.7%. I'm not sure.

0:12:29.403 --> 0:12:31.372
<v Speaker 2>I do not know, right? We need to punch the calculator.

0:12:31.945 --> 0:12:35.075
<v Speaker 2>right. So, so is it achievable? The answer is yes.

0:12:35.226 --> 0:12:36.665
<v Speaker 2>You just need to start now. It's

0:12:36.666 --> 0:12:40.346
<v Speaker 1>the starting early, yeah. Now I want to talk about

0:12:40.346 --> 0:12:44.185
<v Speaker 1>life scenarios that may throw us off our retirement savings goals,

0:12:44.585 --> 0:12:48.945
<v Speaker 1>the kids, elderly parents, mid-career switching, which is quite common

0:12:48.945 --> 0:12:53.026
<v Speaker 1>and even encouraged for our millennial generation, being out of

0:12:53.026 --> 0:12:55.306
<v Speaker 1>a job, sometimes curveballs happen, right?

0:12:55.580 --> 0:12:58.130
<v Speaker 1>And we would say to ourselves, OK, so here's a

0:12:58.130 --> 0:13:01.330
<v Speaker 1>financial expense that I now need to accommodate, so I

0:13:01.330 --> 0:13:05.369
<v Speaker 1>have to change my retirement savings goal. Uh, it's a

0:13:05.369 --> 0:13:07.489
<v Speaker 1>bit of a sacrifice question here, but how do we

0:13:07.489 --> 0:13:12.729
<v Speaker 1>recalibrate our retirement savings when these things happen? We know

0:13:12.729 --> 0:13:14.359
<v Speaker 1>it's not the end of the road. How do we

0:13:14.650 --> 0:13:17.049
<v Speaker 1>prevent ourselves from feeling that it is like the end

0:13:17.049 --> 0:13:17.450
<v Speaker 1>of the road,

0:13:17.469 --> 0:13:21.169
<v Speaker 2>it's always around, right? Either it's always good. OK, whenever

0:13:21.169 --> 0:13:23.979
<v Speaker 2>I told my friends, you should actually review your portfolios.

0:13:24.034 --> 0:13:26.344
<v Speaker 2>You know, all your plans and all these things, at

0:13:26.344 --> 0:13:28.664
<v Speaker 2>least half a year, right? Or they say, never mind,

0:13:28.864 --> 0:13:31.085
<v Speaker 2>minimally a year because I got no time, you know,

0:13:31.265 --> 0:13:34.025
<v Speaker 2>and say I don't want to spend time talking to

0:13:34.025 --> 0:13:37.744
<v Speaker 2>a financial advisor, but it helps talking to them, right,

0:13:37.864 --> 0:13:39.704
<v Speaker 2>because you need to update them. This is like your

0:13:39.705 --> 0:13:42.944
<v Speaker 2>existing portfolio. Something has happened maybe because I got a

0:13:42.945 --> 0:13:46.664
<v Speaker 2>new new bond, expenses will be higher, right? and stuff

0:13:46.664 --> 0:13:49.255
<v Speaker 2>like that, right? So they will help you to recalibrate.

0:13:49.385 --> 0:13:52.385
<v Speaker 2>They have tools within each financial institution to be able.

0:13:52.489 --> 0:13:55.359
<v Speaker 2>To assist you to recalibrate your portfolio according to your

0:13:55.359 --> 0:13:57.840
<v Speaker 2>life stage, according to your risk profile, because once you

0:13:57.840 --> 0:13:59.880
<v Speaker 2>have a newborn, you can be a client who can

0:13:59.880 --> 0:14:02.039
<v Speaker 2>take a lot of risk to someone who would take

0:14:02.039 --> 0:14:05.039
<v Speaker 2>a moderate risk. So they will rebalance your portfolio and

0:14:05.039 --> 0:14:06.478
<v Speaker 2>then advise you accordingly

0:14:06.479 --> 0:14:09.400
<v Speaker 1>and not forgetting, of course, tools that are out there

0:14:09.400 --> 0:14:11.880
<v Speaker 1>that you can help yourself with mortgage things like your

0:14:11.880 --> 0:14:15.000
<v Speaker 1>CPF tools, your HDB tools, stuff like that as well

0:14:15.000 --> 0:14:18.079
<v Speaker 1>on top of speaking to the financial institutions. Well, that's

0:14:18.080 --> 0:14:20.799
<v Speaker 1>really reassuring. Sou Li, before I let you go, any.

0:14:20.955 --> 0:14:23.294
<v Speaker 1>thoughts, any last pieces of advice that you have for

0:14:23.294 --> 0:14:25.125
<v Speaker 1>us or for me especially. Yeah,

0:14:25.294 --> 0:14:28.375
<v Speaker 2>it's important that you need to be aware that you

0:14:28.375 --> 0:14:31.734
<v Speaker 2>have this retirement anxiety because if you are not aware,

0:14:31.815 --> 0:14:34.815
<v Speaker 2>then it's very no matter who says what, right, you

0:14:34.815 --> 0:14:36.734
<v Speaker 2>will never be able to think that retirement planning is

0:14:36.734 --> 0:14:39.335
<v Speaker 2>a priority. So it's good, you know, enjoy that you

0:14:39.335 --> 0:14:42.455
<v Speaker 2>have self-awareness that you are really, really anxious about retirement.

0:14:42.534 --> 0:14:42.854
<v Speaker 2>Well done.

0:14:43.054 --> 0:14:44.974
<v Speaker 1>Yeah, thank you. I will now kick myself in the

0:14:44.974 --> 0:14:47.815
<v Speaker 1>butt and start planning ahead and I'll change numbers with you.

0:14:49.969 --> 0:14:51.690
<v Speaker 1>So you heard what Su Le had to say. Now

0:14:51.690 --> 0:14:54.450
<v Speaker 1>it's time to put the pedal to the middle. Money

0:14:54.450 --> 0:14:57.929
<v Speaker 1>Talks is available on Apple Podcasts, Spotify and YouTube as well.

0:14:58.130 --> 0:15:00.770
<v Speaker 1>Don't forget to rate us and leave us a message.

0:15:00.849 --> 0:15:02.570
<v Speaker 1>I do read those from time to time. If you've

0:15:02.570 --> 0:15:05.039
<v Speaker 1>got any feedback or even better if you have an

0:15:05.039 --> 0:15:08.890
<v Speaker 1>idea for a Money Talks episode. Thanks also to Christina Robert,

0:15:09.049 --> 0:15:13.559
<v Speaker 1>Tiffany Ang, Junaini Johari, Joanne Chan, Hanida Amin and Saa Winds.

0:15:13.849 --> 0:15:16.929
<v Speaker 1>Thank you for listening and watching Money Talks. I'm Andrea Hng.