Lazy to Be Rich

🎙️ “Hi everyone! Welcome to Lazy to Be Rich. I’m Mars, and you can also call me Lazy Da. This is the channel that helps you understand the essence of financial planning and identify your own financial DNA.

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This episode is sponsored by Nobody Yet

🎧 More listening links at the bottom

Episode Content

Recent Reflections: What a Near-Death Experience Taught Me

• Mars shares the story of a friend who had a life-or-death experience while traveling abroad, which prompted him to rethink the preciousness of time
• This experience led Mars to reflect on the importance of life choices and taking responsibility
• There are no absolute rights or wrongs in life — only choices and the responsibility that comes with them
• Regardless of which lifestyle you choose (a conventional path or an unconventional one), what matters is thinking seriously and owning your decisions

Insurance Philosophy: Taking Responsibility for Your Own Choices

• Regardless of your net worth, basic insurance coverage is important for most people
• The responsibility for insurance decisions should rest with yourself, not entirely with your insurance agent
• Mars shares an experience where a friend purchased insurance on his recommendation but was later unable to keep up with premium payments
• On insurance decisions: “When nothing happens, everything’s fine. When good things happen, great. But what happens when things go wrong?”
• When planning insurance, you should consider worst-case scenarios, not just imagine the best outcome

Essential Types of Insurance

1. Medical Insurance: Recommended coverage of at least NT$300,000 (approximately US$9,500)
2. Cancer or Critical Illness Insurance: Even young people should consider this, since illness doesn’t discriminate by age
3. Accident Insurance: Recommended coverage of NT$500,000–1,000,000 (approx. US$16,000–32,000), with relatively affordable premiums
4. Life Insurance: Not the top priority, but especially important for those with loans or debts

Action Items

• Review your existing insurance — confirm that your medical indemnity (實支實付, “actual expense reimbursement”) coverage is at least NT$300,000
• Assess whether you have sufficient critical illness and cancer coverage
• Consider purchasing accident insurance with coverage of NT$500,000–1,000,000
• Consider life insurance needs based on your personal debt situation
• Take ownership of your insurance decisions — don’t put all the responsibility on your agent

Related Articles Mentioned in the Episode

• [Finance] The “Emergency Fund” Isn’t Actually for Real Emergencies!
• [Life] Stop Complaining, Focus on Your “Circle of Influence”: Using Psychology to Break Life’s Anxiety and Helplessness

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The Lazy Conclusion

懶大

金融科技新創 CEO | 獨立財務顧問

This episode shared a friend’s near-death experience, which made me rethink the preciousness of time. There are no absolute rights or wrongs in life — only choices and the responsibility that comes with them. Whether it’s insurance, financial planning, or life planning, you have to own your decisions.

A special reminder: the essential insurances include medical coverage of NT$300,000 or more, cancer or critical illness insurance, accident insurance of NT$500,000–1,000,000, and life insurance based on your personal situation. Taking responsibility for your own life means taking responsibility for the people who love you.

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