While doing some reading online, guess what I found out about the rate of bankruptcy in Malaysia. Below is taken from New Straits Times article on November 17, 2015.
KUALA LUMPUR: Approximately 22,663 Malaysians under the age of 35 were declared bankrupt from 2011 to Sept 2015.
Read More : http://www.nst.com.my/news/2015/11/112007/almost-23000-young-msians-declared-bankrupt-within-five-years?d=1
This is serious. What could be the main reason for bankruptcy? Most probably, the youth are not trained and educated on money management. The education system does not teach on this important subject. Most of the parents do not talk to their children about money management.
It is time to change.
"Is money important?" was one of the questions we asked the students between the ages of 8 to 16 years old in a private school in Malaysia. Out of 200 students, almost half raised their hands in agreement that money is not important.
Remember, these are students from a private school. The parents definitely need to pay for their education. So how come they think that money is not important?
Because money is not a subject of discussion at home and at school.
So the big question is, when are these students going to learn about the value of money? When are they going to learn about managing money and being a smart consumer?
We strongly believe that the earlier they learn the better. Look at our society. Youngster are getting in credit cards debts and they are stuck in it.
Anyway, after spending about three hours talking to the students, we saw that their thinking started to change.
We emphasized that money is important but what is even more important is what we do with the money. Money is not the end in itself, money is just a tool!
We started conducting LifeSeries workshops 2 years ago but we decided to keep a low profile. I am glad to finally made the move to start the series at a new level of commitment. One of the main reason for this good move is the fact that Coach Olivia has become part of the team.
Olivia comes with a great experience. She practiced as a litigation lawyer for 7 years and then joined the banking industry for 8 years. Yet, she started having this dream of training and imparting life practical knowledge and skills to the young generations.
Olivia noticed something during her career when interviewing young people for a job, Many of them had good academic results but they had no life skills. Many had no interpersonal skills. Many had no problem solution skills. Many had no direction in life. Many were just jumping from one job to another. This bothered her especially looking at her own daughter and son growing up. She started thinking that must be a better way to impart life skills like creativity, character building, communication, leadership and even money management to young generations.
That is how, LifeSeries was born. Thank God for the vision that God gave to Olivia.