Part 2/9:
Sheffield begins by highlighting the demands of supporting a young family along with aging parents. With a steady income from his role at SMRT, he emphasizes the importance of maintaining a consistent cash flow to cover everyday expenses, including his children's needs and his parents' medical bills. Furthermore, he mentions existing debts, such as a housing loan (HDB loan), which is expected to be paid off within ten months, and he is aware that his expenses will likely increase as his parents require ongoing medical care.
He conveys his desire to grow his savings and reduce financial strain, stressing the importance of understanding his expenses and liabilities. Sheffield’s focus is on making informed decisions to safeguard his family's future while managing current financial commitments.