The bombshell dropped one afternoon as I got home from work: My mom sat me down and told me that she had lost her job. She wasn't someone who ever saved money, and it was the middle of the month…

In a matter of moments it dawned on me that I was now financially responsible for my mom. I no longer just had myself to look after. I had to focus on the fact that there was rent to pay and we needed groceries.

At times I feel frustrated and responsible…., like I’m the mother and not the child in the family. But we’re making it work and I realise today that, for many people, this experience arrives sooner than later.

I’m grateful for what I’ve learnt about the importance of planning for my future. But more than that: I’ve realised that my ability to earn money is probably my greatest asset and that I need to protect it. If my salary and income should fall away for whatever reason – like if I became disabled - my mom and I will be in severe financial trouble.

If I could tell my younger self one thing, it would be to think about my income and my salary as a precious asset and a lifeline, and to put something in place to protect it… from day one!