ILP Sharing Series Prepares Students for Financial Wellness

A group of Diploma in Management (Open and Distance Learning) students participated in an Industry Learning Partner (ILP) session entitled “Financial Goal Setting”, aimed at helping students connect classroom learning with real-life financial skills virtually. The session was facilitated by Dr Jack Ng Kok Wah and Dr Goh Han Hwa from the Faculty of Management (FOM), and delivered by Mr Koh Kian Guan, Head of the Agency Builder Department, LPA Team.

During the session, Mr Koh explained how students can plan their finances in a simple and practical manner. He shared insights on understanding personal financial habits, setting clear financial goals, and making decisions that support long-term financial stability.

He also covered key topics such as managing income, creating budgets, saving consistently, financial protection, and wealth accumulation. These concepts were broken down into simple steps, enabling students to better understand how good financial habits developed early can positively impact their future—whether in their careers, further studies, or personal aspirations.

The session encouraged students to reflect on their financial behaviour and identify areas for improvement. Mr Koh also incorporated real-life examples to demonstrate how effective financial planning can support major life goals, such as purchasing a home, supporting a family, or pursuing further studies.

Overall, the “Financial Goal Setting” ILP session provided students with practical and valuable knowledge on money management, equipping them to make informed financial decisions as they progress in their personal and professional journeys.