As a Founding Board Member of the iOme Challenge it has been an amazing journey that started with a passionate group of Board Members who are deeply concerned about financial illiteracy in our youth. With a focus on college students we set out to create a financial literacy contest where college students would form teams and write an essay and create a 60 second call to action video that answers a financial question that is posed to them. Check out our challenge here: www.iomechallenge.org We have found that when college students have to seek out and be proactive to get the financial answers they need - they learn and learn in a way that they never forget! The iOme Challenge has engaged over 35 different Universities in this Challenge over the last 5 years and now we rejoice in that the Department of Labor put the iOme Challenge's winning teams trip in the DOL Newsletter that goes out to over 300,000 people!! You can view the newsletter here: http://www.dol.gov/ebsa/newsletter/2013/20130429.htm
Winning Team in Washington! The University of Tennessee at Knoxville
This year's question was:
Essay
The 2012 Presidential election ended November 6. You and your iOme Team have been selected by the President-Elect to serve as his Council of Economic Advisors (CEA). One of the responsibilities of the CEA is “… to make and furnish such studies, reports thereon, and recommendations with respect to matters of Federal economic policy and legislation as the President may request." (http://www.whitehouse.gov/administration/eop/cea/about) The President informs you of his great concern over the future financial challenges of the Millennial generation specifically: low levels of savings and the lack of planning for their retirement.
continued at this link: http://iomechallenge.org/2011-iome/this-years-topic/
To whom much is given, much will be required (Luke 12:48) If we are blessed with talents, wealth, knowledge, time and the like, it is expected that we use these well to glorify God and benefit others. My mother’s experience of becoming homeless at the age of 67 provided me with a gift of knowledge that I am using to Champion the cause to break the generational cycle of financial illiteracy! By making "Money Smart Kids" and Raising up a Generation of Savers 1 Generation at a time!
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