Believing Positive Entrepreneur Series 01: Cash Is King Financial Workshop

Member

Joyien Chiew


Duration

January 3, 2019

Sustainable Development Goal

Decent Work and Economic Growth


Development stage

Education and Economic Empowerment


Purpose

To let young people to learn, understand the importance of financial planning and change their way of financial management.


Overview

According to the study, Malaysian Young People is lacking the knowledge on how to improve their future financial through financial planning and management. Most of them only depends on bank saving and EPF which is not enough for them to survive in the world after their retired.
Hence, JCI Batu Pahat Entrepreneur organised the Financial Workshop through using the Board Game of Cash Flow to allow the young people their current financial arrangement habit and invited three experience speakers to share the investment knowledge.


Results

In the end, JCI Batu Pahat Entrepreneur successfully achieved full house of 48 pax for the workshop and good feedback from the participant.

Out of 60% of the participant are non-member, 80% of them did not play Cash Flow game before and did not plan for their retirement. Most of them do not know the importance of the financial planning and management, and they do not how to do it.

The first stage of the workshop allows the participants to play the Cash Flow game, and they are able to understand well their financial management habit. Next, we invited Property Experience Investor Mr. Shin Lau, Experienced Stoke and Fund Advisor Max Xu, Cheng & Co Partner Mr Teo to share with the participants how they can invest as for their financial planning.

After the workshop, more than 90% of the participant feedback that they will start to plans their financial plan and more than 70% of the participant more interested and looking forward to learn more in property investment.


Recommendations

To continue this kind of workshop which using the Cash Flow Board Game to let the young people to understand their financial management way, and invite professional people to explain and share how to do in real life. This can let them understand more and improve more.

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