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Financial Education is "Key" to Success

Even at age 50 or older, there are plenty of people want to learn, so I want to teach them handling Finance.

Photo of Suganth Kannan
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I love teaching about handling finance and I love interacting with older generation. So I want to combine these passions and bring them education so they stop digging more hole underneath them.

What is a provocation or insight that might inspire others during this challenge?

Teach 100 seniors they will teach 1000 of them in their community, we can bring about tremendous change in no time.

Tell us about your work experience:

I am 16 years old, I run my own business MathforUS LLC a big data service company serving companies around the world.

Specifically, please check all that apply:

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

6 comments

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Photo of Kate Rushton

Hi Sunganth!

Thank you for your post. I can't wait to see how your thoughts develop in the ideas phases. 

Have you thought of how you would teach the 100 people and what methods you would use? Also, to get your idea off the ground, who would you need on your team or who would you need to connect to?

Congratulations on all your successes! You have the most impressive resume I have ever seen!

Photo of Suganth Kannan

Hello Kate,
Glad to hear from you. Love your energy and enthusiasm. 
I have identified three old age homes with teaching classrooms in them within 5 miles (8km) from where I live. Once we get the challenge funded, I have two people willing to work for me to teach certain portions of the class.
I plan to make vidoes of the class and reach more audience around the world in the future.
Any other idea you may have, would love to hear too.
Where do you see my resume? I am 16 years old.
Tell me more about you.
Sincerely,
Suganth Kannan

Photo of Kate Rushton

Hi Suganth!

Nice to hear from you! I clicked the links on your profile and read all about you on your company's website. I guess you would not call it a resume but you have done so much already it felt like it was your resume, if that makes sense. 

The ideas phase starts in just over 24 hours. I hope to see your idea there. We have a lot of people in the OpenIDEO community: financial advisors, educators, people who are 50+ so you will be able to get lots of feedback. 

Photo of Suganth Kannan

Hello Kate,
Got it.
Tell me more about you, my friend.

Can you tell me what you mean idea phase? and where do I put my idea?
You mean expand on my idea or post comment on others? I am new to IDEO. Thanks.

Photo of Kate Rushton

Hi Suganth! 

Sorry for the delay I wanted to reply as soon as the ideas phase started.

OpenIdeo is based upon the principles of human-centred design thinking. The research phase is when you get to know your target customer and to draw upon inspiration already out there. So, this research phase is full of lots of interviews with people 50+; examples of existing financial services for the over 50s; examples of good services/products in analogous industry etc. Sometimes people also post ideas in the research phase and this is okay.

The reason why we do the research phase is that you get to really understand who your target customer is, learn from great insights and are not too narrowly focused.

Then you are really designing solutions for a customer that should meet a need.

More information on design thinking is given in these links:
http://www.ideou.com/pages/design-thinking http://www.forbes.com/sites/groupthink/2014/07/02/dear-startups-dont-skip-design-thinking/#5b6f7c2f5915

and more information on the OpenIdeo process is here: https://challenges.openideo.com/content/how-it-works

The challenge brief for this challenge is here - https://challenges.openideo.com/challenge/financial-longevity/brief

I just want to highlight this section of the brief:

“Within the 50 and older population, we're most interested in solutions that meet the needs of those 50-65. At a certain point past that age, we stop adopting new technology. 50-65 is a time when we're still eager to adopt products and services that will meet our needs, and we're reflecting on where we've been and where we want to go. Let's create solutions for this sweet spot full of potential.”

As we are now in the ideas phase, I would recommend you post your ideas here - https://challenges.openideo.com/challenge/financial-longevity/ideas - - because idea posts in the research phase are not automatically carried over.

In the ideas phase, the community helps each other build on and develop the ideas and offer feedback.

We have a diverse range of people in the OpenIDEO community and participating in this challenge e.g. financial advisors, developers, designers, educators etc.

I hope this helps and makes sense. It is rather late where I am.

Kate

p.s. My background is quite diverse. I have been a teacher of English to foreigners, energy analyst, administrator and much more. I studied biochemistry, toxicology and environmental management at University.


You can see a giant radio telescope from my childhood bedroom window and for as long as I can remember I have always wanted to go into space. One day I will achieve my dream!

Photo of Suganth Kannan

Thanks, I created my idea.
Nice know more about you. Cool, I look forward to meeting you in space.