Lawrence K. – City Honors College Preparatory

Think. Tank. Challenge.

Financial literacy is both is blessing and a curse. Having the knowledge to guide you future is the blessing. Watching others crash and burn around you is the curse. What I learned during the workshop will change my life for the better in the very near future. I plan to attain a   job before I graduate high school, so it is beneficial that I know how to balance funds and how to spend money in a smart way. I have been taught the art of spend and then save whatever you   have left after blowing all of your money. I will be more conscious of the financial decisions that are I make.

Being a high school student in a primarily minority community, I have bore witness to the horrid lifestyles people live based on the terrible financial choices they make. I also see college students struggling to figure where their next dollar is going to come from. Taking the information that was given to me, I think I will be able to maintain a worry-free lifestyle. The workshop has shown me that if I invest money at the age of 18 to Roth-Ira, that by the time I am 65 years old, the money would have sat long enough to multiply a thousand fold. My goal to   retire at an earlier age than the average working person in my community seems in my reach now.

I hope that my future career leads me down a clear path of financial success without any sort of strings attached. Just in the short session that we were provided, I found out firsthand   from professional football players that it does not matter how much money you make, it can all   be wasted in a blink of an eye. Financial stability could be a achieved through knowing wants vs. needs, knowing the difference between tax avoidance and tax evasion, and tax exempt accounts which can all be achieved.