My Money and Me 2022

An online workshop titled “My Money & Me 2022” was held on 3 December 2022 to focus on sustainable finance for youths and improve their behaviour in managing their finance. The workshop was jointly organised by the Malaysian Financial Planning Council (MFPC) along with UTAR and Universiti Sains Islam Malaysia, and supported by the Ministry of Finance of Malaysia, the Central Bank of Malaysia, the Ministry of Youth and Sports of Malaysia and the Malaysian Youth Council (Majlis Belia Malaysia).

In addition, the online workshop was held in collaboration with financial planning providers and financial services organisations, and along with the cooperation of relevant regulatory authorities, such as Jaringan Pendidikan Kewangan (Financial Education Network - FEN), Agensi Kaunseling dan Pengurusan Kredit (AKPK), Suruhanjaya Sekuriti Malaysia, InvestSmart®, Ombudsman for Financial Services (OFS), Securities Industry Dispute Resolution Center (SIDREC), Federation of Investment Managers Malaysia (FIMM), Kumpulan Wang Simpanan Pekerja (KWSP), Persatuan Insurans Hayat Malaysia (LIAM), Persatuan Takaful Malaysia (MTA) and Lembaga Hasil Dalam Negeri Malaysia (LHDN).

Tan Sri Abdul Wahid hoping the youths would pick up the importance and basic concepts and skills of financial planning through the workshop

“My Money & Me 2022” commenced with a remark from Chairman of Bursa Malaysia Berhad Tan Sri Dato’ Seri Abdul Wahid Omar. He said, “The objective of this programme is to create public awareness of the importance of financial planning as well as the services provided by a financial planner or advisor. Besides, this programme also establishes a forum for youths to get together and express their views, knowledge and any other information pertaining to financial planning in Malaysia.”

“I believe given the strong desire among youths to fundamentally improve their respective socio-economic levels, this programme is capable of providing more systematic guidance in budgeting and better personal finance management, as it also has been recognised by United Nations’ UNESCO. The positive financial behaviour of youths can be improved by the application of financial knowledge by following scientific programmes for some period of time,” he added.

Tan Sri Abdul Wahid concluded his speech by saying, “I hope at the end of this programme, the youths will pick up the importance and basic concepts and skills of financial planning. I also hope they can analyse and understand their financial status, and through such awareness make behavioural changes on money management.”

Themed ‘Build Your Future: Be Smart About Money’, the online workshop was divided into four main components of financial planning, namely Asset Accumulation, Asset Protection, Asset Management and Asset Distribution. It also featured 10 renowned speakers, namely Encik Kamarul Rozmaz from Suruhanjaya Sekuriti Malaysia, Encik Shahrul Nizam Zainol from FIMM, Encik Muhammad Nizam bin Muhammad from Bank Negara Malaysia, Puan Kamsimah binti Mohamed and Puan Winnie Chan Shiau Fang from OFS and SIDREC, Puan Rohanizam binti Talib from AKPK, Encik Mohd Yusnizam bin Yusof from LHDN, Puan Mogana from KWSP, Cik Sharizad Ghouse from LIAM and MTA and Tuan Hj Rafie bin Omar from MFPC.

Clockwise from right: Encik Kamarul Rozmaz, Encik Shahrul Nizam Zainol, Encik Muhammad Nizam bin Muhammad, Puan Kamsimah binti Mohamed and Puan Winnie Chan Shiau Fang presenting their respective topic

During the “Asset Accumulation” component, Encik Kamarul Rozmaz shared his topic titled Silap Labur Duit Lebur while Encik Shahrul Nizam Zainol presented on Skim Amanah Saham dan Skim Persaraan Swasta untuk Pelaburan Masa Depan.  As for “Asset Protection” segment, Encik Muhammad Nizam bin Muhammad emphasised on Elak Penipuan Wang while Puan Kamsimah binti Mohamed and Puan Winnie Chan Shiau Fang spoke on Perlindungan Pengguna Kewangan: Peranan OFS and SIDREC dalam menyelesaikan Pertikaian Kewangan.  

Clockwise from right: Cik Sharizad Ghouse, Encik Mohd Yusnizam bin Yusof, Puan Mogana, Puan Rohanizam binti and Talib Tuan Hj Rafie bin Omar during the workshop

The workshop continued with the presentation on “Asset Management”. It saw Puan Rohanizam binti Talib presenting on Pengurusan Kewangan Berhemat, Encik Mohd Yusnizam bin Yusof sharing on Manfaat Cukai untuk Kemakmuran Bersama, Puan Mogana sharing on Perancangan Persaraan and Cik Sharizad Ghouse presenting on Kepentingan Perlindungan Insurans &Takaful dan Kepentingan Penamaan.  Lastly for the “Asset Distribution” segment, Tuan Hj Rafie bin Omar discussed about Perancangan Perwarisan.

During the workshop, the youths were presented with an opportunity to virtually meet with experts from the Employees Provident Fund, while for those who are debt-ridden, the financial counsellor from the Agency Credit Counselling and Management offers counselling services in debt management. The MFPC is also organising various programmes throughout the year, including a free financial consultation session.