Investment Management Based on Family Group Savings
Keywords:
Investment Management, Family Group SavingsAbstract
This research aims to develop an investment management model based on family group savings to enhance financial literacy and family economic independence. Low financial literacy, particularly among low-income communities, hinders their ability to plan and manage finances effectively. Family group savings, as part of an existing social culture, holds great potential to serve as a productive investment management tool. This study employs a qualitative approach with an action research design, where the researcher is directly involved in the process of financial literacy education and the application of socially-driven investment management within family group savings. In this context, the role of the social entrepreneur is crucial, as individuals with a social entrepreneurial spirit can drive change in family savings management by exemplifying wise financial practices and encouraging family members to invest in an organized manner. The results of the study show that with proper financial literacy education and support from a social entrepreneur, family group savings can be managed more effectively, applying healthy cash flow principles as outlined by Kiyosaki. This family-based investment management model opens up sustainable entrepreneurial opportunities, not only enhancing financial literacy but also strengthening long-term family economic well-being.
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