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Financial Education is the "Key" to Success

I love teaching handling finance and interacting with older generation, so combining these passions and bring them education to succeed.

Photo of Suganth Kannan
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Who is your idea designed for and how does it support the dreams and obligations of those 50 and older?

Both genders of senior citizens from age group 50 to 65, give them clarity to what they have, how to preserve and grow.

Teach 100 seniors they will teach 1000 of them in their community, we can bring about tremendous change in no time. I am 16 years old, I run my own business MathforUS LLC (www.mathforus.us) a big data service company serving companies around the world. I talk less, work more.

What early, lightweight experiment might you try out in your own community to find out if the idea will meet your expectations?

I have taught few seniors how to use excel sheet to keep track of how much money they receive every month, how much they spent for each area of their life (like food, friends, entertainment, travel, family) and they love it. Some even plan for a year ahead now on their finance, this makes me immensely happy.

What skills, input or guidance from the OpenIDEO community would be most helpful in building out or refining your idea?

People with similar interest to start and refine the course and try outs in their community.

Tell us about your work experience:

I talk less, work more. Please google my name.

Please check all that apply:

  • I'm not currently involved in a credit union, but am curious to learn more!

This idea emerged from

  • An Individual

2 comments

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Photo of Kate Rushton
Team

Hi Suganth!

I hope you are well. 

If you need any help progressing your idea to the next stage, please say. 

There was an idea submitted to a previous challenge on financial empowerment that might interest you and give you a few pointers in the right direction:
'Libraries as Financial Literacy Hubs' by Trevor z Hallstein - https://challenges.openideo.com/challenge/financial-empowerment-challenge/top-ideas/public-libraries-as-financial-literacy-hubs-starting-locally-with-oakland-public-library

Photo of Kate Rushton
Team

Hi Suganth!

It is great to see you here!

I like the fact that you are focusing on education and I can’t wait to see how your idea develops.

I would recommend that you look at these posts in the research phases because they give some insights into the challenges facing 50-65 year olds:
https://challenges.openideo.com/challenge/financial-longevity/research/life-can-be-a-pickle-for-the-sandwich-generation
https://challenges.openideo.com/challenge/financial-longevity/research/10-things-to-know-about-money-before-you-re-60
https://challenges.openideo.com/challenge/financial-longevity/research/instant-gratification

What is the next step in getting this idea off the ground?

Also, I would recommend checking out a few other ideas that have been posted:
https://challenges.openideo.com/challenge/financial-longevity/ideas/incubator-club-for-credit-union-members
https://challenges.openideo.com/challenge/financial-longevity/ideas/banking-buddy