Affin Hwang AM to hold money management talk

Loh (centre) together with Chew (second right) and Ho (second left) present the invitations to principals Yap (right), Lee (third left) and Kon (left). Also receiving the invitation is Sim.

KUCHING: Affin Hwang Asset Management Berhad (Affin Hwang AM) will be conducting ‘Beyond the Classroom’, an edutainment workshop to empower and equip children with knowledge and skills related to money management on Nov 4 and 5.

It will be held at Chung Hua Middle School No. 1, with four sessions to be run from 8.30am to 6pm daily.

Beyond the Classroom is a 90-minute workshop designed specifically to provide young children and teens, aged 10 to 17 years, a foundation in basic money management.

Aimed at inculcating positive personal finance habits in young people, the workshop involves various role playing scenarios in life such as career-building, wealth accumulation, as well as pre-retirement and retirement planning.

Affin Hwang AM regional business director Jayce Loh pointed out that financial literacy is a core life skill that has become more essential in today’s highly intricate financial market.

“More and more Malaysians feel burdened financially – as debts pile up – to make ends meet, trapped in emotional spending, declared bankrupt and facing retirement crisis,” she told a press conference at Jalan Laksamana Cheng Ho here.

“We can improve our situation as long as we are serious in making changes and taking control of our finances. That’s why many people are seeking the quick fix on their finances, especially through multi-level marketing (MLM).”

Financial education, she pointed out, is a long-term process and must be taught as early as possible to allow children to acquire the knowledge and skills to build responsible financial behaviour before leaving their nest and going into the real world.

Hence, Affin Hwang AM sees the importance of reaching out to the community at school-level in promoting financial literacy, to impress upon young people that the financial decisions they make today can impact their lives later on and their overall financial well-being.

The flagship financial literary initiative is part of Affin Hwang AM’s corporate social responsibility (CSR), which positioned the company as an industry leader that is committed in raising awareness and improving financial literacy standards in Malaysia.

In the upcoming workshop, Loh shared that the participants will explore their attitudes towards money and gain valuable knowledge on the basics of financial planning, such as budgeting, expenses, savings, investing, debt, insurance, wealth and retirement.

This year, Affin Hwang AM is going big with their flagship financial literacy project as it will be organised in four states across Malaysia, with Kuching as the first stop.

Board of Management for Kuching Chung Hua Middle Schools (CHMS) No. 1, 3 and 4 chairman Dato Richard Wee is expected to launch the workshop.

Yesterday’s press conference also saw Loh presenting the invitations to Kuching CHMS

No. 1, 3 and 4, respectively represented by principals Yap Chong Guan, Lee Chee Beng and Kon Shing Yong, as well as the Committee of Management for Kuching CHMS treasurer Richard Sim.

Affin Hwang AM East Malaysia regional manager Chew Kak Khoon and its Institution, Corporate and HNWI Business client portfolio manager Anthony Ho were among those present.

Targeting 250 participants, it is a complimentary workshop open to all school students.

Due to limited space, those interested to join the workshop are urged to register before Oct 31.

For more information and to register, contact Affin Hwang AM on 082-236336 or email joyce.lim@affinhwangam.com.

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