Managing your money: the cost of inaction

Hong Kong is a city of doers. We hustle, we juggle, we multitask. But when it comes to money, many of us freeze. Like having a stone in your shoe, stressing about money can be exhausting. That background worry gnaws at you. Taking even one step, such as checking a pension statement or listing expenses, replaces unknowns with facts. And facts are far less frightening than the worries we invent at 4 a.m.

The paradox is clear: inaction feels safe, but you lose real advantages by the inertia that comes with staying still.

I unpacked this tension recently on RTHK’s Money Talk with Carolyn Wright. Grab a cuppa and listen to it below.

Listen on RTHK's player here.