Part 4/8:
A pivotal lesson learned from this episode is the value of income preservation and diversification. The individual emphasizes the importance of establishing secondary or even tertiary income streams. This strategy acts as a financial safety net, providing buffers in times of unemployment.
Consequently, they began exploring investment options for income generation, such as purchasing Singapore Savings Bonds, which offered a modest yet reassuring cash flow. This proactive approach to building passive income streams proved beneficial, providing a sense of financial security and peace of mind during the transitional period.