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RI joins 21 other states to require the teaching of financial literacy prior to graduation from high school.
The current states with similar mandates include: Alabama, Arizona, Georgia, Idaho, Iowa, Kentucky, Michigan, Mississippi, Missouri, New Hampshire, New Jersey, New York, North Carolina, North Dakota, Ohio, South Carolina, Tennessee, Texas, Utah, and Virginia. This is great news. As a 25 year RI resident, long time entrepreneur including two INC 500 startups, and forever student…
How DREAM SCHOOLS can become NIGHTMARE DEBT
At 1.7 trillion, student loans are now the second largest source of debt in the US. While the student loan debate rages on in Congress and academic circles around the country there has been no slow down in high school students’ appetite for borrowing. As borrowers continue to hope for relief in the form of…
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Why Teaching Personal Finance To Teens is so Important
Over the past 6 months, I have spent a significant amount of time discussing personal financial matters with high school aged kids. As a public speaker, entrepreneur and father I’ve learned it’s never too early to start discussions with students and new business owners about the impact of everyday financial decisions, especially with teenagers. This…
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Basic financial education for teens now more important than ever
There is a growing trend in the US workforce referred to as “the GIG” economy. Consider these excerpts by the US Dept of Labor: Title- Is Gig Work Replacing Traditional Employment? Evidence from Two Decades of Tax Returns ∗ By Brett Collins, Andrew Garin, Emilie Jackson , , Dmitri Koustas “We will refer to as…
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