One Sneak Peek Into ProsperAll: Nurturing Financial Savvy

How can we empower young Singaporeans to take control of their financial future?

That’s a question that we should ask Eugene, founder of local ground-up ProsperAll.

ProsperAll Is a ground-up that aims to educate youths about financial literacy through game shows that teach fundamental and technical analysis using gamified workshops and content on social media platforms like Telegram and LinkedIn.

One of them includes an investment game that simulates the market during the COVID-19 period

Eugene and team would give players financial statements, and tell them that they have to make their own decisions as to whether or not they should invest in a company.

Worrying that you won’t be able to catch up with the other players during the gameshow?

Fret not, the ProsperAll team will let you purchase hints and compete in mini financial literacy games to get some additional hints, so you will never feel alone on this long journey to be financially literate.

As someone who has hung out with Eugene before, I can guarantee that he knows his stuff, having graduated with a diploma in Accountancy from the Singapore Polytechnic.

He has also been offered acceptance at the Nanyang Technological University’s School of Business, and will be enrolling after he serves the nation as a Full-Time National Serviceman.

Read on to find out more about what led Eugene to create ProsperAll, as well as his passion for the ground-up scene in Singapore!

Let’s conquer managing your finances and rediscover the joy in what you love.

1. Creating ProsperAll

“Before my team and I came up the idea for ProsperAll,  we were part of a group of youths that participated in the Youth Action Challenge under the National Youth Council. After a period of discussion, we realised that youths today face the issue of not knowing how to budget the money that they have, and this led us to create ProsperAll.

At the start, it was very tough. We would often argue with each other over what suited our mission of teaching youths financial literacy. The idea of hosting a gameshow was not new — it had already been done by the National Science Challenge. We also flirted with the idea of creating comics, but existing players such as The Woke Salaryman have been releasing content way before us. From their works, we learnt that in order to attract youths, whatever content we produce has to be in short form for easy consumption.

To resolve conflicts, we would often seek the opinion of mentors, some of whom told us that our ideas were not creative enough and we should incorporate greater usage of technology. Yet, we did not have the expertise to implement what they wanted us to include. This led to further arguments, which were only resolved because the deadline for the Youth Action Challenge was approaching. We had to calm down and call each other for 2 weeks and find some way to get the ideas flowing. Thus, we learnt to be more practical during decision-making.

At the end, we settled upon the idea of hosting a gameshow and producing educational content on social media platforms, which was much more feasible for our team than technological solutions. Other ideas that we considered, such as card games, were already done by other groups.”

2. Time management as a founder

“When I started ProsperAll, I was interning at one of the Big Four audit firms. Time management was very important for me; during my internship, I focused on what I needed to do, and when it ended, I focused on ProsperAll and my other ground-ups.”

3. Why ground-ups?

“Being able to empower others to do better for themselves and empowering them to help others in return is very meaningful to me. Events such as the Youth Action Challenge alumni meetup showed me a different outside the accounting profession, which I have gotten used to due to studies.  Participating in ground-ups also allows me to see outside the little bubble that I live in. It has brought me a lot of passion and joy, knowing that I am giving back to society at large.

Apart from ProsperAll, I am also working on another ground-up, EZ Fin, which uses generative AI to promote financial literacy. We are currently in the midst of gathering volunteers. I thought of using generative AI for financial literacy, because my friend from Ngee Ann Polytechnic who studies Computer Science wanted to explore it as well.

We are also working on Econova and Alumni of Life. We have not really publicly displayed the latter yet as we are in the midst of gathering volunteers. The concept is to introduce alumni of organisations back to school or to society. We intend to try to bring them and youths together to have a talk about what they have learnt. Hopefully, the youths can take back insights for their future

For Econova, we are targeting very young kids. We will teach them to create games and boxes that they can combine with Popmart toys to advocate about sustainability and eco-friendliness.”

Connect with Eugene here: http://linkedin.com/in/eugene-low-87b70b214

The ProsperAll telegram channel: https://t.me/Prosperallnow

Follow our telegram channel: https://t.me/onesneakpeekinto

And that is all for today’s One Sneak Peek Into.

Stay tuned for more insights from our interview series as we continue to explore the stories of trailblazers breaking barriers and redefining success.