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Teach Them About Money: Financial Literacy and the Entrepreneurial Mindset
Manage episode 479575313 series 3511505
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Let's face it - of all the things we CAN teach our students, one of the most practical is how to manage their money.
Poor management of money is a clear formula for anxiety, stress, and broken relationships. A strong sense of how to properly manage money, however, creates pathways and opportunities for success.
When we teach financial literacy from the perspective of the entrepreneurial mindset, we give students a clear of understanding of not only how money works, but how it can work FOR them.
This involves four steps:
1) Create a revenue stream
2) Have a spending plan
3) Have a savings/investing plan
4) Apply Compound Interest
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