The Malaysian Literacy in Financial Education Association aka MyLIFE was founded in the year 2019 by a group of like-minded professionals who take ownership and proactive action to start an initiative in elevating the financial literacy of Malaysians through education.
MyLIFE strongly supports the Malaysia National Financial Literacy Strategy 2019-2023. It is committed at the working level to help effective implementation of the national strategy set up by the Financial Education Network (FEN) which is spearheaded by Bank Negara Malaysia and Securities Commission Malaysia.
A new Malaysia where each Malaysian is a responsible citizen who can make informed judgement and take effective decisions regarding the use and management of money.
Financial literacy for all Malaysians by fostering of clear collaboration and commitment between finance related government bodies, professional associations, education institutions, and financial institutions.
Personally and on behalf of the organization, I would like to say a big thank you to all my friends who have given me your trust and strong support for the formation of myLIFE.
The myLIFE initiative began when we realised many Malaysians, including young people and underprivileged groups are struggling with financial issues.
Financial illiteracy is one of the causes of continued poverty.
Low financial literacy means that one would not be able to manage their finances properly. Hence high rates of credit card defaults, money scams, bankruptcies, and other money-related stress are becoming more common among this generation and the B40 group, or the group earning the bottom 40 percent of income.
However, it must be said that wealth is not only measured by money alone, but by our shared values and ethics as well.
We believe that the most powerful social change is through mindset change and education.
Though our task is not easy, it will be meaningful and rewarding as elevating the financial literacy of this generation will give a positive impact to nation building and empowering Malaysian society.
We pledge to contribute our efforts through every efficient channel possible.
In the spirit of community and brotherhood, we welcome people from all walks of life to join us, as a member to contribute their involvement to make this world a better place.