In a recent LinkedIn post, Shulin Lee delves into the widespread issue of financial illiteracy, arguing that traditional institutions have failed to equip individuals with essential money management skills. Lee highlights a conversation with Christopher Tan, CEO of Singapore’s first fee-only wealth advisory firm, who manages $1.7 billion without relying on commissions. Tan’s perspective, as shared by Lee, suggests that individuals are not inherently bad with money but rather lack proper education on financial principles.
“You’re not bad with money. You just never learned the game.”
The Systemic Failure in Financial Education
Shulin Lee points to a systemic breakdown in how financial knowledge is disseminated. According to Lee, neither educational institutions nor employers provide adequate financial training. Furthermore, Lee suggests that some financial advisors may perpetuate confusion because their income depends on clients remaining uncertain about their financial decisions.
“Nobody taught you about money. Not your school. Not your boss. Not your advisor (who profits when you stay confused),” Lee states in the post.
This lack of foundational knowledge, as Lee explains, leads to poor decision-making. The post emphasizes that feeling confused about finances is a common experience, particularly for high earners who may still feel financially insecure despite their income levels.
Debunking Common Financial Myths
Lee, relaying insights from Christopher Tan, debunks several common financial assumptions that contribute to anxiety and poor financial health. These include the notion that high earners are inherently good with money, that immediate investment is always the right path, and that relocating to a cheaper area is a viable retirement strategy for everyone.
The Illusion of Wealth vs. True Financial Health
A significant point Lee raises is the distinction between appearing wealthy and being financially secure. According to Lee, many people prioritize the outward signs of wealth over building genuine financial stability.
“Most people want to LOOK rich, not BE rich.”
This desire to project an image of success can lead to lifestyle inflation and hinder long-term financial goals. Lee argues that simply earning more money will not solve underlying issues related to a person’s financial mindset.
Addressing the Root Cause: Mindset Over Mechanics
Shulin Lee stresses that the core of financial struggles often lies in a person’s mindset rather than their ability to understand complex investment strategies. The post resonates with individuals who experience anxiety about money despite earning well, constantly compare themselves to others, and feel perpetually behind.
“It’s about understanding why you feel behind… Even when the numbers say you’re not.”
Lee concludes by suggesting that while many will scroll past this message and continue to feel anxious about their finances, those who engage with the information have the potential to fundamentally change their relationship with money. The article implicitly encourages readers to seek out resources that offer practical, unbiased financial education, positioning Tan’s fee-only advisory model as a potential solution.
📝 About This Content
This article is based on insights shared by Shulin Lee on LinkedIn.
📅 Originally posted on March 4, 2026 | View original post on LinkedIn →