Building An Investment Paradigm for A Better Future Through Capital Market Education
DOI:
https://doi.org/10.37680/ssa.10128Keywords:
Financial Literacy; Investment Education; Capital Market; Financial Planning; Community Service.Abstract
The low level of financial literacy among Indonesians remains a significant challenge in achieving sustainable economic well-being. Most people still rely primarily on active income and consider savings as the main financial management instrument without taking into account the impact of inflation on the value of money. This community service activity aimed to enhance participants’ understanding of the importance of investment and introduce the capital market as a legal, safe, and affordable investment alternative. The methods employed included interactive lectures, case studies, group discussions, and basic investment simulations. The results indicated an improvement in participants’ understanding of the Cash Flow Quadrant concept, the importance of investment in long-term financial planning, and the mechanisms of investing in the capital market. Participants also gained knowledge regarding investment risk mitigation and strategies to avoid fraudulent investment schemes. Overall, the activity successfully shifted participants’ perspectives from an active-income-oriented mindset toward a greater awareness of the importance of building assets and generating passive income through investment.References
Indonesia Stock Exchange. (2024). Let's Invest in Stocks. Jakarta: Indonesia Stock Exchange (IDX).
Campbell, J. Y. (2006). Household finance. The Journal of Finance, 61(4), 1553–1604. https://doi.org/10.1111/j.1540-6261.2006.00883.x
Hartono, J. (2022). Teori Portofolio dan Analisis Investasi. Yogyakarta: BPFE.
Kaiser, T., & Menkhoff, L. (2020). Financial education in schools: A meta-analysis of experimental studies. Economics of Education Review, 78, 101930. https://doi.org/10.1016/j.econedurev.2019.101930
Kiyosaki, R. T. (2011). Cashflow Quadrant: Rich Dad's Guide to Financial Freedom. Plata Publishing.
Kiyosaki, R. T. (2017). Cashflow Quadrant: Rich Dad's Guide to Financial Freedom. Plata Publishing.
Klapper, L., & Lusardi, A. (2020). Financial literacy and financial resilience: Evidence from around the world. Journal of Pension Economics and Finance, 19(4), 589–614. https://doi.org/10.1017/S1474747219000577.
Kustodian Sentral Efek Indonesia. (2024). Panduan AKSes KSEI untuk Investor. Jakarta: KSEI.
Lusardi, A., Hasler, A., & Yakoboski, P. J. (2021). Building up financial literacy and financial resilience. Mind & Society, 20(2), 181–187. https://doi.org/10.1007/s11299-020-00246-0.
Lusardi, A., & Mitchell, O. S. (2014). The economic importance of financial literacy: Theory and evidence. Journal of Economic Literature, 52(1), 5–44. https://doi.org/10.1257/jel.52.1.5
Michaela, O., & Anastasia, N. (2022). The Effect of Saving Behavior and Financial Literacy on Investment Decisions in Generation Z.
Morgan, P. J., & Long, T. Q. (2020). Financial literacy, financial inclusion, and savings behavior in developing economies. The Singapore Economic Review, 65(1), 1–30. https://doi.org/10.1142/S0217590820430026
Ningtyas, M., et al. (2024). Financial Literacy and Cognitive Biases: Key Determinants of Gen Z Investment Choices.
Otoritas Jasa Keuangan. (2024). Strategi Nasional Literasi Keuangan Indonesia. Jakarta: OJK.
Rahima, A., & Anindya, K. N. (2025). Does Financial Literacy Affect Investment Decisions? Evidence from Gen Z of Vocational Program.
Raut, R. K. (2020). Past behaviour, financial literacy and investment decision-making process of individual investors. International Journal of Emerging Markets, 15(6), 1243–1263. https://doi.org/10.1108/IJOEM-07-2018-0379
Silfiani, Y., & Senastri Dahlan, K. S. (2023). Financial Factors to Investment Decisions: The Mediating Role of Financial Behavior.
Tandelilin, E. (2017). Pasar Modal: Manajemen Portofolio dan Investasi. Yogyakarta: Kanisius.
Van Rooij, M., Lusardi, A., & Alessie, R. (2011). Financial literacy and stock market participation. Journal of Financial Economics, 101(2), 449–472. https://doi.org/10.1016/j.jfineco.2011.03.006
Xiao, J. J., & Porto, N. (2017). Financial education and financial satisfaction: Financial literacy, behavior, and capability as mediators. International Journal of Bank Marketing, 35(5), 805–817. https://doi.org/10.1108/IJBM-01-2016-0009
Yoshino, N., Morgan, P. J., & Long, T. Q. (2017). Financial literacy in Asia and its determinants. ADB Institute Working Paper Series, 747, 1–30.
Downloads
Published
How to Cite
Issue
Section
License
Copyright (c) 2026 Maria Immaculata Yovita Adventy, M. Yogi Dwi Nalapraya, Aru Bina Bangsawan, Selma Kemuning Aquinta, Adellah Adellah
This work is licensed under a Creative Commons Attribution 4.0 International License.
