Part 1/8:

Teaching Financial Responsibility to the Next Generation: Isaac's Journey

Financial literacy and responsible money management are crucial skills for young individuals to develop early in life. This is exemplified through the experience of 16-year-old Isaac Lim, whose perspectives on monetary gifts, saving, and investing have evolved significantly over the years.

The Early Experience of Receiving Red Packets

Every year during Chinese New Year and his birthday, Isaac receives cash gifts, ranging up to $1,000 Singapore dollars annually, roughly equivalent to under $750 USD. Initially, these red packets represented a mysterious stash of money, which Isaac believed was essentially inaccessible to him.