I feel Brbr and Fuller Wealth are two related gauges/indicators/barometers of

• household financial health .. I have recently devised a scorecard.
• household financial strength
• family survival capability
• high ground vs low ground

— ffree analysis .. is dominated by big shocks. Fuller Wealth and brbr have a limited /relevance/.

— black-swan disaster (and resilience)
As a “buffer” ratio, Brbr (winner) is very relevant to disaster coping. Fuller wealth basically assumes loss of salary (perhaps in a livelihood disaster)… also relevant to disaster coping.

Insurers? I am biased against insurance products as a reliable protection against disasters. I’m heavily self-reliant in my outlook.

I prefer the word “disaster”. Resilience operates at the physical, health, attitude, network levels. Financial resilience is a at most half the package of overall resilience.

Compared to brbr, Fuller wealth is more well-known, more discussed, but Fuller wealth assumes a stable operating environment over a long horizon, free of black swan events. History seems to show otherwise, so brbr is more down-to-earth, i.e. closer to reality.

Witnessing the mass layoff during covid19, I hold on tight to my brbr buffer. I might lose my job after a few years, so every month I get paid, I put away 66% as reserve. If and when the salary stops, I would rely on my Fuller wealth.
— inflation as a realistic macro risk (not a crash)
Brbr (winner) and dev-till-70 are more inflation-proof than Fuller wealth.

Fuller wealth would rely on rental or dividend income to beat inflation, they are more unstable but more inflation-resistant than annuity products.
— FOMO or livelihood?
These concepts are all about livelihood. FOMO is kinda naïve in this context.
— low burn rate, high savings rate
Brbr and Fuller Wealth both depend critically on low burn rate high savings rate, where I have a definite advantage.
— Am I anti-growth (rather than pro-growth), backward looking, ultra-conservative, 复古, pessimistic about economic expansion?
Not entirely. I like cautious optimism, cautious expansion. Fuller wealth (winner) is less anti-growth …
— a Toa Payoh barber’s 压力 is presumably brbr. If they earn 2k and spend only $500, then no ground for complaint.
FOMO is probably another factor. The essential needs are probably $500/M