Posted on 05/05/2019 10:07:32 PM PDT by Tired of Taxes
FULL TITLE: Meet the students learning how to become millionaires in a school district where many parents don’t have bank accounts
************
To enter . . . Olney Charter School, you have to walk through a metal detector. Once inside, you can’t go many feet without encountering yet another security guard. But also inside? You’ll find one of the most innovative financial literacy programs in any high school in the country.
***********
Students who sign up for Olney’s program take three personal finance classes and have the option to work as few or as many hours as they’d like within the school to earn money. They can make between $50 and $5,000 during the school year, and the jobs range from teaching and tutoring to running clubs at the school — sometimes ones they create themselves.
************
“The goal is that everyone in the class will be a millionaire at some time in their life,” LaSalle says. “It’s a foreign concept to their families — many receive government assistance. But I teach them that you can come from humble beginnings, live frugally, invest as much as you can, save 10% to 20% of your paycheck, invest in low-cost ETFs — and become a millionaire.”
He says the idea of the students eventually becoming millionaires is what holds the program together conceptually. He plans to keep in touch with seniors after they graduate with a newsletter and encourage them to open Roth IRAs as soon as they can during or after college.
**********
He has raised the money from individual, mostly anonymous donors. “They like it because no other school is doing it,” he says. And he has liked working with individuals as opposed to organizations so far because they’re easier to work with — less paperwork and bureaucracy.
(Excerpt) Read more at marketwatch.com ...
Sorry - forgot to do a search. Already posted here:
https://www.freerepublic.com/focus/f-news/3747081/posts
Please delete duplicate thread. My apologies. Thank you.
How to become a millionaire, government style. 1) Become a government contractor. 2) apply for government grants that espouse opinions favorable to positions of the government. 3) Become a government employee union delegate.
I’m glad you posted it. Otherwise I never would have seen it.
How To Be A Millionaire.
Step 1: get a million dollars.
Steve Martin
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.