23/12/2024
🌟 Youths Financial Transformation: Towards a Prosperous Future 🌟
We are thrilled to share the success of our recent youth financial literacy workshop, with a mission of Empowering Malaysia’s Youths for Financial Success. This workshop was hosted by IYRES (Institute for Youth Research) of our Ministry of Youth and a collaborative team effort of passionate Malaysian individuals from various organizations. The team consists of Brenda Yong (Licensed Financial Advisor), Elton Lim (Wealth of Life Youth CEO), Adeline Ten (Wealth of Life Youth CNO), Erim and Alan (P10 Solutions) and Florence and Fred Choo (Founder of Equip Consulting). We were also supported by individuals who came to be facilitators and Sun Life Malaysia has conducted a board game workshop with their InsureLit board game.
This event on 11 Dec 2024 brought together 115 enthusiastic youths of majority being young working adults eager to take charge of their financial well-being. The workshop aimed to bring participants to get back to basics in managing their personal finances. The core topics covered were: Basic Financial Foundation, Managing Debt Savings, Investment and Protection.
One of the event’s highlights was the simulation activities, where participants experienced the long-term impact of adjusting spending habits and living without insurance. These hands-on exercises drove home the importance of financial discipline in a way no lecture ever could.
Another engaging activity was the creation of vision boards. Participants mapped out their financial dreams and goals, fostering a mindset of focus and determination.
One of the key highlights was a group activity to solicit youth input on the question of “If you are a Malaysian Leader tomorrow, what will you do to transform the financial future of our youths?”. The energy and creativity they poured into this task were truly inspiring!
We’re grateful for the positive feedback received and are overjoyed that the attendees could grasp and apply the key concepts shared. Watching them connect the dots between small daily decisions and their long-term financial health was incredibly rewarding.
A heartfelt thank you to IYRES of the Ministry of Youth Malaysia, our dedicated collaborators, our facilitators, and, most importantly, the participants who made this event a huge success. Together, we’re shaping a generation that understands, owns, and grows its financial potential.