Be a Financial Literacy Hero

[Background music]
And how much did he lose this time?
Yeah? – Fifteen?
– Yep. Fifteen cents. And how much does Alexander
have left? So if you take 85… – I grew up on
a family farm. And our farm went
through a bankruptcy. It was the very first time
I ever saw my dad cry. And just the sadness and all that,
and I thought, there’s got to be lessons that we can be taught so these things
don’t have to happen to people. – I live with my older sister.
Before I was living with her, I was in and out of trouble.
– Me being a teenager, like, my mom never told me, like, to save
your money or anything like that. And when I was 18, I was pregnant.
So I don’t want to see her like that. – We asked our community
a few years ago, what program enhancements do you most want
us to make as a school district? The second- or third-highest
vote-getter was a financial literacy requirement for all students
before graduation. – We formulated the peer-to-peer
financial literacy program. I think one of the things it does
is it solidifies the lessons that they’re learning
in my classroom every day. – So if you take $1 minus 15 cents,
what do you get? – There’s no better way to
prove how well you understand something than being able to
teach it to someone else. – I think they really
enjoy that they can go in, and they can talk
about making good choices. – Students are always
looking for relevancy. Consumer economics
really spoke to them. It gives them an opportunity
to look towards the future, to plan to be successful.
And it’s something that they look forward to and really learn
and grow and discuss at home. – Life insurance.
Then there’s going to be $18 a month. Pay my sister
$300 a month for rent. It gets hard, especially being a teen.
You know, you get tempted to want to spend money, but if you
know that you want something, or that you have to save for
something, then you’re going to save. – One of the things we found
that the places that have the most powerful personal financial
literacy programs are places that have a champion that have really stepped up.
Sometimes it’s a teacher. Sometimes it’s a school board
member or an administrator that decides this is really important
for the students in their school district. And then they put together
innovative programs and ways to really engage students and learn
about personal financial literacy. [multiple children speaking] – I encourage you to
reach out to your community. There are partners in local business
that would love to help you – everything from bankers to
chamber of commerce organizations to other financial
representatives. – So you guys all have $100,000
lying around to buy a house in cash? – No.
– No. – Credit you still got to pay
later because you’re actually borrowing that money
from someone else. – You know you went into
education to make a difference. Financial literacy is the difference
that people need to make. This is all about real life 101.
You’re going to have an impact in your students’ lives every
single day for the rest of their lives. – I’m actually excited to
have my first car. I was saving.
Saving for a long time. I can put my feet up on the dashboard.
I don’t have to worry about nobody telling me to put it
down because it’s mine. About several years ago,
I was lost. People used to say that
I wouldn’t be anything. Look at me now.
I’m on my way to something. – Don’t worry about what you think
you know and you don’t know. Go out, learn it,
and do it. [ Silence ]

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