Even though today's post is around college students, I found the message loud and clear for all my clients. In fact, the message is: You are where you are today and then move forward. If you need a push, you can still check out my Creative Live course “Personal Finance for Artists and Freelancers”. I keep hearing over and over from clients how helpful it is to re-watch the segments.
To see an excerpt of the class on video, see here: http://www.youtube.com/watch?v=_YYIJajaAyI
I've been working more and more with College CFO - a student driven social movement to impact financial literacy for college students. I've always been a fan of Annamaria Lusardi but now I have the official chance to toot her work! This is an article I wrote for College CFO.
Annamaria Lusardi is an icon within financial literacy for university students. She has spent many years teaching and researching and now is a School of Business Denit Trust Distinguished Scholar in Economics and Accountancy at George Washington University.
She was recently interviewed on financial health for college students and here's our take.
Financial literacy is the basis for financial decisions you will make your whole life such as renting an apartment you can afford, investing in your education, paying back student loans and eventually buying a home. The wrong decision can lead to bankruptcy. What is your financial literacy? Test yourself with this quiz:
Lusardi recommends taking a course on personal finance (such as the one she teaches at her university:) or a game such as Doorways to Dream fund.
Never too early....
It's never too early to start! Lusardi suggested when the tooth fairy is in the picture but as a college student your ideal time is now.
Sadly, Lusardi has noticed that financial literacy among university students has not improved. Let's change that statistic and move the trend the other way! Start by reading, sharing articles on www.collegecfo.org, taking our courses and spreading the word with your friends! If you want a customized seminar at your inversion or organization, let us know! We'll be happy to provide one (link to one of our modules?)
For the full article, visit here.