A group of advocates mostly using online social media is targeting millennials on its maiden summit in the country to expands its audience on financial literacy. The Global Filipino Investors Inc. (TGFI), a group that started as an online forum of Filipinos working abroad, will hold its first “Financial Literacy Summit” in the country.
TGFI CEO Floi Wycoco said he expects some 2,000 to 3,000 attendees in the event that will be held at SMX Convention Center at the Mall of Asia Complex in Pasay City on April 1 to 2.
He said the summit is targeting millennials aside from overseas Filipino workers and their immediate family. Wycoco added they also target regular workers. These market segments have the necessary disposable income for investment, he added. “We are doing this because there’s no group that has done a summit on financial literacy,” Wycoco said. “Everybody needs to have financial education from handling your personal needs and if you will start a business, you’ll also need some financial know-how.”
The summit will touch on different types of handling one’s finances from investing, earning online, real estate and entrepreneurship, he explained. Wycoco said the summit will try to convince millennials to instead consider investing rather than purchasing electronic gadgets and brands. The TGFI first started its financial literacy summit in Singapore in 2015, gathering around 600 overseas Filipinos. The group, which seeks to call itself as a social enterprise as it teaches mostly overseas Filipino workers (OFWs) how to handle its finances, also conducts regular seminars for OFWs.
Wycoco said they aim to reach 1 million Filipinos in five years or at least help them learn financial literacy through TGFI social-media channels. Currently, the group has reached between 91,000 to 130,000, he said.