How Malaysian youth can prevent poverty

1. Fostering financially knowledgeable children requires early, extensive exposure to financial literacy.

Students ought to be taught how to protect, amass, and distribute their riches. Youths can better manage their finances by managing different components of financial literacy.
Early financial education helps young people develop the proper mindset for handling money. And they will remember this for the rest of their lives. Consequently, managing money also involves managing the future.

2. beginning early

Because it teaches young people that certain actions might result in bankruptcy, financial literacy is crucial. Knowing this will make it simple for them to recognise the types of actions that will get them into financial difficulties.
Financial literacy education must not be taught in an academic manner in order to be successful. Instead, a practical approach should be used, one that gives the students hands-on activities, gamification, and immersive experiences.

3. Observe social media

Youths need to be more selective about where they find information and who they listen to because there are many self-described financial literacy experts on social media looking to make a quick buck by publishing content that might do more harm than good
Youths who are financially literate will be more inclined to make wise financial decisions and learn to live within their means.
Youths will be able to effectively manage their income and spending if they have financial knowledge and skills. They must learn how to stick to a spending plan so they don't overextend themselves financially or abuse their credit cards
Early financial literacy instruction that instils a healthy relationship with money in young people can help them avoid going bankrupt.

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