Introduction
Objective
Financial literacy is often something obtained too late in life. In today's society over 60% of Americans live paycheck to paycheck drowned in debt with no assets. This program provides an opportunity to influence the next generation to take responsibility and ownership of their own financial future starting from an early age.
Podcasts
Students should listen to one podcast per meeting, then play the cashflow game with a friend, teacher, or parent. Taking notes is encouraged, but not required. Listening in groups is encouraged to facilitate discussions and should ideally consist of 2 or more learners.
Introduction
(6:50)
Episode 1: Assets
Focuses on the understanding of assets which hold the key to unlocking financial independence.
(8:46)
Episode 2: Doodads
Understand the difference between doodads and assets in order to master your finances.
(12:35)
Episode 3: Expenses
Learn to unravel the concept of expenses in order to master your finances. Gain knowledge on how to pave the way for smarter financial decisions and a stronger economic future.
(8:23)
Episode 4: Financial Statements
Deciphering how to read financial statements and the code of your financial reality. Master invaluable insights to navigate the complexities of money management.
(6:11)
Episode 5: Liabilities
Listen to techniques which focus on how to arm yourself with the knowledge to plug the leaks in your financial ship and sail toward prosperity.
(8:21)
Episode 6: Intellectual Property
Learn to monetize intellectual property, so your ideas are not in vain.
(11:58)
Episode 7: Ordinary Income
Understand how ordinary income illuminates the dynamics of earning a living and lays the groundwork for transitioning from financial dependence to empowerment.
(5:22)
Episode 8: Cashflow
Gain an understanding of how cash flow unveils the path to liberation from the confines of traditional employment and empowers you to reclaim control over your financial destiny.
(4:06)
Episode 9: Royalty Checks
Understanding what royalty checks unveil and the magic of earning passive income from the fruits of your creativity.
(5:34)
Episode 10: Rental property
Learn about how to leverage rental properties in order to generate passive income and build wealth through real estate investment.
(11:17)
Meet the Founder
I am currently a rising senior who attends The Kent School in Kent, Connecticut. I grew up in New York City and for high school chose to attend boarding school as I wanted to better prepare for college, gain a sense of independence and facilitate advanced academic experiences. My keen interest in the topics I cover in this program derive from my profound love for economics. This began during my sophomore year in my first economics class. However, in hindsight the topics covered in my economics classes are mostly unrelated to those I delve into in my series. I acknowledge it as the fuse that ignited my journey. I made this series in hopes of replicating that first stepping stone into a somewhat undiscovered world for adolescents.
Walter Kaufman
Founder
Reach Out Today
wwpkaufman@gmail.com
www.moneymindsetforteens.com