MYLIFE TAKES INITIATIVE TO DELIVER FINANCIAL EDUCATION TO ALL, STARTING WITH THE MILLENNIALS

First row from right: Honorary Advisor of MyLIFE, Datuk Seri Azman Ujang, Founding Chairman of MyLIFE, Amy Seok, Vice Chairman of MyLIFE, Dr. Kris See, Honorary Advisor of MyLIFE, Steve Teoh and the committee members of MyLIFE.

The Inaugural Malaysia Financial Literacy Conference 2019 

KUALA LUMPUR, Oct 7 (Bernama) --  According to the Standard & Poor Global Financial Literacy Survey, Malaysians have a financial literacy rate of only 36%; well below that of developed countries at 59%. The needs to equip Malaysians with the knowledge to make informed financial decisions and to nurture healthy attitudes in financial management become more pivotal as the Government launched the National Strategy for Financial Literacy 2019-2023.
 
In line with the Government’s effort, Malaysia Literacy in Financial Education Association (MyLIFE) is taking initiative to improve financial literacy among Malaysians by hosting its First Malaysia Financial Literacy Conference (MFLC) on 30th October 2019, at the Bestari Lecture Hall, Universiti Kuala Lumpur (UniKL) which will be officiated by the Minister of Education, Yang Berhormat Dr. Maszlee Malik as the Honorable Guest.
 
Jointly organised by MyLIFE Association, Money Compass Media and uLearnMoney, the one-day conference takes the theme “Financial Literacy for Millennials” that aims to gather the relevant stakeholders from the private and public sectors in discussing solutions to elevate financial literacy among millennials.
 
Through this conference, the association hopes to transpire its vision to create a new Malaysia where citizens can make an informed judgement and take effective decisions regarding the use and management of money.
 
“The MyLIFE initiative began when we realised many Malaysians, including young people and underprivileged groups are struggling with financial issues. We believe that education is the most powerful weapon used to change the world, hence MyLIFE’s mission is financial literacy for all,” said Amy Seok, the Founding Chairman of MyLIFE Association & CEO of Money Compass Media.
 
With regards to the conference, 50 selected universities will be receiving a sponsorship subsidy of up to 90% for the uLearnMoney online financial literacy programme by the financial institutions and corporate sponsors. Recognition Merit Awards will also be honored to 15 financial educators who have contributed to uplift the financial literacy among Malaysians.
 
For those who are interested to participate in the conference, kindly contact the event manager of MFLC, Ms Chanel Pong at conference.mylife@gmail.com or call 012-336 1881.

About MyLIFE
Founded in 2018, Malaysian Literacy in Financial Education Association (MyLIFE) is a National Level Non-Government Organization with members from all over Malaysia, including Sabah and Sarawak. MyLIFE has taken initiative, ownership and proactive action to help Nation building through its holistic approach to elevate financial literacy of every Malaysian Citizen via various community and network. For more information https://mylifeassociation.org/
 
About uLearnMoney
uLearnMoney is an online Financial Literacy Platform that provides financial education for millennials and assists them to respond to immediate financial challenges, questions and doubts particularly curated for university and college students.
 
The programme is endorsed by the Higher Learning Division, Ministry of Education (MOE) as a curriculum programme for universities. uLearnMoney is supported and recognized by various financial institutions, including the Malaysian Financial Planning Council (MFPC), Financial Planning Association Of Malaysia (FPAM), Malaysian Financial Planners and Advisers Association (MFPAA), and Credit Counselling and Debt Management Agency (AKPK). For more information kindly visit the website https://ulearnmoney.com/ 

Source:  Malaysia Literacy in Financial Literacy (MyLIFE) Association