69. The Importance of Financial Literacy With Ka-ming Lim

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69. The Importance of Financial Literacy With Ka-ming Lim

69. The Importance of Financial Literacy With Ka-ming Lim

Financial Habits, Financial Planning, Fintech, Wealthtech

69. The Importance of Financial Literacy With Ka-ming Lim

Financial Habits, Financial Planning, Fintech, Wealthtech

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Key takeaways

One of the main problems faced by younger generations is the increased cost of living and debt burdens, which are some of the issues that generations before them did not have to face.

Acquiring good financial habits, along with financial education early is important for securing financial futures.

This week on WealthTech Unwrapped, Ka-Ming Lim, CEO and Co-founder at MoneyFitt and Editor-in-Chief of The MoneyFitt Morning, speaks with Ned about the realities of being a founder of a WealthTech startup, and how learning to manage finances at an early age is a key step towards secure financial futures.

As an advocate for financial literacy, Ka-ming believes that the younger generation struggles with various skills, including personal financial management and budgeting. He also feels that they lack the tenacity to invest for the future and that the problem could be solved by instilling good financial habits. He believes that education and the use of modern-day financial tools could assist with better financial management and that his company, MoneyFitt, aims to do this by helping users to determine what to do, which to do first, and why.