PALO ALTO – June 6, 2022 – Wessential announces its officially launch as an online investment and financial education platform, providing young investors from age of 11 to 18 with a comprehensive understanding of financial literacy and its practical applications.
“We are extremely excited to offer this platform to everyone, regardless of their financial background or knowledge,” says Wessential Co-Founder Michael Ma, adding that top business school professors, financial experts, and entrepreneurs will be part of the team sharing their knowledge on the site.
“Our goal is to provide the tools and education needed so that our students can take control of their financial future. From learning how to budget and save to investing and building wealth, we want to empower young investors to make the best financial decisions for themselves,” he added.
The online platform will offer a variety of resources, including articles, videos, and quizzes on topics such as budgeting, saving, investing, and retirement planning. In addition, students will be able to access a community of like-minded individuals who can offer support and advice from their own financial journeys. Furthermore, the platform will also provide a competitive investing game by Personal Finance Lab, allowing students to test their skills and knowledge in a real-world setting.
“We believe that financial literacy is essential for everyone, and we are committed to making it accessible to as many people as possible,” Ma says.
“We have used knowledge from some of the world’s leading financial institutions, such as the Wharton School of the University of Pennsylvania, to create a platform that is comprehensive yet easy to use,” he adds.
The idea for Wessential came about in 2020, during the height of the Covid-19 pandemic, when Ma and his co-founder, Andy Liu, saw the shocking results of an International Journal of Engineering survey that revealed the average American was less than 50% financially literate.
“That says a lot about why 40% of Americans cannot afford a $400 emergency expense,” Liu says. “We knew then that we had to do something to help people become more financially literate so that they could make better decisions with their money and improve their financial wellbeing.”
From effective investment strategies to building wealth, from budgeting to saving money, Wessential promises to be a one-stop-shop for financial education. The online platform is available now at seewessential.com.
Wessential is an online investment and financial education platform providing students from age of 11 to 18 with a comprehensive understanding of financial literacy and how to apply it practically in their lives. The platform also serves as a dynamic investing community, connecting talented young investors worldwide. Wessential is dedicated to helping its students become strategic and opinion leaders in their industries, excel in business investment and capital management and create a solid foundation in the global economy. Ultimately, the company’s goal is to enable every young investor to make money from investing and use that money to do good.
Michael Ma, Co-Founder