Changing the meaning of money for millennials.
> To make financial literacy more accessible and comprehensible
> To host workshops and events on a regular basis
> To reach the community outside of campus
> To extend to other universities
> To shift the financial mindset of millennials
Our 3 M's
Shifting the outlook of money for millennials from a short term to a more long term mindset is a core principle of our financial literacy. A wealthy mindset is the key to financial freedom. We can have everything that we want in life, just not all right now. So we must help individuals get over instant gratification and be able to manage money with their future in mind, rather than short term happiness.
Managing your money efficiently is the foundation of building towards financial freedom. Save more than you spend. Proper money management includes budgeting ahead properly for upcoming expenses and always being aware of how much money you have. Your money is an extremely valuable asset so you must handle it wisely and make sure the value of your assets multiply over time.
To build wealth, it is important to have your money working for you, so you will not be working for it forever. Money can be your slave or you can be a slave to money. We must stop putting our money in liabilities that deplete our earnings, such as fancy cars, and place our money in investment accounts or in assets that gain value over time, such as real estate. This is essential in reaching financial freedom.
Having A Plan
-A fundamental financial skill for planning and prioritizing one’s spending that helps one reach their short- and long-term goals.
Your Borrowing Reputation
-A key component of your financial reputation that helps one get things they need now, based on their promise to pay it back later.
Everyone Pays Them
-A basic understanding of taxes is necessary so one can take full advantage of any expenses that occur throughout the year.
Money Making Money
-Helps one ensure future long-term financial security by placing their money in forums where it will grow to a larger sum at a quicker rate.
Owning Your Business
-By creating our own businesses, we now have unlimited money making potential, control our own time schedule, and leave monumental building blocks for our offspring.
Creating A Legacy
-The practice of accumulating money with not just yourself, but your children and even your children’s children in mind.