Fresh from the success of its recent investment forum in Kuala Lumpur, which drew more than 800 participants, Affin Hwang Asset Management’s (AM) Investment Forum 2019: Wealth & Beyond is making another stop up north to bring its in-depth discussions on wealth to fellow Penangites.
Happening at The Top in Penang on Aug 24, the forum will continue its discourse on the wealth equation and how one can live an enriching life. Through different panel discussions, participants will learn new approaches to the betterment of one’s wellbeing, whether it is in terms of one’s financial standing, health or emotional wellbeing.
Part of the forum discussion will also centre on the gig economy, which has attracted the attention of policymakers in the country, as more Malaysians leave their full-time jobs to do freelance work.
Ringgit Oh Ringgit founder Suraya Zainudin remarks that it is important for one to first have adequate savings before quitting their jobs to become self-employed.
“’Enough’ is relative, but a minimum of six months’ to a year’s worth of living expenses is recommended. More is better, ” says full-time personal finance blogger Suraya, a speaker at the forum.
“Without the savings, you’ll be more likely to take unfair business deals or low-paying jobs because you’re more desperate. And once you are desperate, it’s very hard to get out of the living paycheck-to-paycheck cycle. That’s assuming you’re lucky enough to get recurring jobs too, ” she adds.
Freelancers or the self-employed also have another challenge to contend with: not having a formal retirement savings scheme like the Employees’ Provident Fund (EPF). However, Suraya says this is easily addressed through self-contribution and then voluntary topping-up via their EPF accounts.
She shares, “One can also look into Private Retirement Schemes (PRS) which offers a nice tax relief of up to RM3, 000 per annum.”
During the forum, participants can also get a free health check by event partner Pantai Hospital Penang, which includes a blood pressure examination, a glucose test and a body composition analysis.
But beyond just physical health, the forum will also take a deep dive into the state of mental health of Malaysians and how one can stave off mental illnesses such as depression, a rising concern in the country.
Pantai Hospital Penang psychiatrist Dr Ng Yin Ping opined, “Mental health disorders are no different from any physical illnesses. Just because you cannot see it does not mean it does not exist.
“Without appropriate treatment, mental disorders can get worse and also adversely affect physical health. Hence, insurance provisions for mental health problems should be made available and accessible just like it is for physical health problems.”
Dr Ng, who will be offering an in-depth view on mental health at the forum, also emphasises the importance of compassion and understanding in helping to break the stigma of mental health.
“Learning accurate facts about mental illness enables one to help dispel myths and reduce stigma. The inaccurate portrayal of a person with mental illness, as being unkempt and unable to look after oneself, is extremely stigmatising.
“Be willing to talk to, or have contact with, people with mental illness in recovery. You will see that they are no different from you and I, in the sense that all of us have feelings, the wish to be understood and respected and are equally vulnerable to being hurt, ” she stresses.
The Affin Hwang AM Investment Forum 2019: Wealth & Beyond will take place on Aug 24 at The Top, Penang. Visit www.ahc-conferences.com to reserve a seat, or for more information.
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