Empowering women with financial literacy

Empowering women with financial literacy
Besides teaching others about financial planning, Ms Yash Mishra’s other passion is painting. She painted the piece on the left. The managing director of a wealth management firm credits strong female role models in her life for teaching her about the importance of financial independence.

Most of us try to avoid taking work home, but Ms Yash Mishra's professional expertise has come in handy even outside the office.

The managing director of Taurus Wealth Advisors is a strong believer in financial literacy, and where better to start than at home.

She is teaching her two children how to manage their money and has even helped her domestic worker of six years save enough to set up a business in her home country.

"She is one of my best success stories," says Ms Mishra, who adds that she topped up her domestic worker's yearly savings dollar for dollar in a bid to encourage her to put more money aside.

Taurus Wealth Advisors specialises in wealth management for families and high-net-worth individuals.

Financial literacy is a cause that hits close to home both professionally and personally for Ms Mishra, 43, who began her financial career as an investment banker in India.

The Singapore permanent resident, who has also worked in Indonesia, Hong Kong, Taiwan and Australia, said the ability to handle money is lacking across countries and at all levels of the socio-economic ladder.

"People tend to spend more time planning their holidays than planning their finances," she says.

Women are an especially vulnerable group, and Ms Mishra has devoted much of her energy towards trying to change this.

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