Can personal finance be as simple as ‘staying in your lane’ and not ‘speeding’? Surely it’s more complex than that. Or is it? Howie Lim speaks to financial advisor and author George Stefanou about his ‘5 lanes of personal finance’ theory.

Synopsis: Every Monday, The Business Times breaks down useful financial tips.

Highlights:

01:28 How to classify needs, wants and wishes

05:31 The 5 lanes of personal finance management

07:34 The 5 lanes of personal finance management - con’t

12:26 How to stay the course, if not in your lane

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Send us your questions, thoughts, story ideas, and feedback to btpodcasts@sph.com.sg.

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Written and hosted by: Howie Lim (howielim@sph.com.sg)

With George Stefanou, financial advisor and author

Edited by: Howie Lim & Claressa Monteiro

Produced by: Howie Lim & Chai Pei Chieh

A podcast by BT Podcasts, The Business Times, SPH Media

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S1E216: Financial freedom with 5 simple money management lanes: BT Money Hacks

BT Money Hacks

S1E216: Financial freedom with 5 simple money management lanes: BT Money Hacks