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Boundless Investments

As a retired banker, I often encounter people of all ages with limited financial savvy. This is the case with high school students, college graduates and people of all ages. My idea is to present an interactive program with a "Money 101" course. In addition to learning the basics of money management i.e. bank accounts, loans and investments we would play a game of investing in stocks. Intergenerational students would be recruited - perhaps through our friends on Facebook. We would utilize one of the simulation games on the web and begin to invest. Not only would this exercise benefit young people who would gain a better knowledge of financial issues but the senior generation would be learning about technology.

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How would you describe your idea in one sentence?

Two lane highway of learning - investments and technology.
Support from 15 year old grandson - I think that this is a great idea. Providing information to young people about how to manage their financial life, how the bank works, and how to invest in stocks is crucial to their adulthood. Many adults nowadays don't have the right education in investing in stocks and providing it to children would help then grow up to be more successful. I also agree that it is very important to know how to manage your money and make smart decisions with loans. Aside from learning all about money this program could help strengthen people in math because they would be working with numbers frequently as well as learning what they need to for when they grow up. The game is a great idea because depending on the age some younger people may have short attention spans therefore you need to keep them entertained at the same time as teaching them so a game or interactive way of learning would be the best path to educate them. Many people have different ways of learning but making it interesting will help them remember it best and will be the most beneficial to them. No matter what age you target it is a great idea because everyone needs to know about this especially college students since they will most likely be taking loans. Providing insight to how some people end up in trouble without this knowledge may also help because they will know that it is very important to listen to these things. Teaching the senior generation about technology is a plus. There Is a common misconception that senior citizens don't have the need to use technology and are not actively using it. About 90% of our senior citizens use technology. Its not that they aren't using it, many of them just don't know how to use it. The world is becoming more and more integrated with technology by the day and everybody needs to know how to use it. Utilizing technology is very important to stay in contact with people and to do everything that you need to do. That being said, this program would be great to educate all age groups on two subjects that are extremely important to know to live in succeed in this modern day society.
 

What early, lightweight experiment can you try out in your own community to test any assumptions you might have about your idea?

Begin to work with millennials that are close to me i.e. grandchildren and their friends. My 15 year old grandson has agreed to begin the process with me as a template.

What aspects of your idea could benefit from the input, skills or know-how of our OpenIDEO community?

Financial/teaching background Technology savvy Strong networking skills

Attachments (1)

Finance 101.ppt

Power point presentation

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We're so excited to hear you are planning to collaborate with your 15 year old grandson on this. That's intergenerational impact right there! Something I thought you might want to check out is Warren Buffet's animated Secret Millionaire's Club: http://www.smckids.com Perhaps you might find some inspiration there as you continue to grow this fab idea. And here's more tips on evolving your thought-starter: http://ideo.pn/oi-evolve Looking forward to seeing this idea flourish.