I had a wonderful experience today helping chart the course for bringing financial literacy to all young Americans. I joined the President's Advisory Council on Financial Capability in presenting our findings to President Obama.
“Education = Opportunity. The opportunity to work. The opportunity to escape poverty. The opportunity to live healthily. The opportunity to live confidently. The opportunity to hope. I believe you deserve an education. Whoever you are. It's your right.”
I feel a strong sense of optimism as I continue to participate in meetings and events, and talk with people spontaneously in and out of the Congress Centre. A growing group of business and government leaders, social entrepreneurs and journalists are coming to the conclusion that we must act NOW and together to find solutions that offer hope to the growing global army of unemployed youth. Driven by economic interests and/or moral callings, I sense that urgency is suddenly entering the discussion. Add 75 million current unemployed youth with the 200+ million that today make less than $2.00 per day and suddenly, we are facing a cold reality. 35% of young people under 27 are turning more and more towards hopelessness.
“It is entrepreneurs who represent the best hope of creating sustained economic growth around the world. Students who can develop the entrepreneurial mindset early on are going to have a distinct advantage, whether economic conditions are weak or strong.”– MARIA PINELLI, GLOBAL VICE CHAIR,STRATEGIC GROWTH MARKETS, ERNST & YOUNG GLOBAL LTD. & CHAIRMAN, NFTE BOARD OF DIRECTORS
What are some habits that all successful bootstrappers have?
Several successful entrepreneurs responded to this very question, posed by the Young Entrepreneur Council. Each entrepreneur elaborated on how one important trait, practice, or skill has proven beneficial to both themselves and fellow bootstrappers.
"One of the biggest mistakes you can make is spending your initial cash infusions on things that don't help create more cash infusions.
The role of technology in education has been frequently discussed over the past several months. Though the internet is already utilized in many educational settings, many believe that America is on the brink of an education revolution in which new digital platforms will transform our educational system.
Glee actress Jane Lynch is determined to help students navigate their college payment options and manage student debt. Lynch recently launched the National College Finance Center, a non-profit website designed to help students navigate their loan options.
Your smartphone is capable of serving more roles than ever: navigator, research tool, newspaper… even financial adviser? Absolutely: with several money management apps already available, the Treasury Department’s MyMoneyAppUp Challenge is looking to both programmers and the public at large for new, innovative ideas that can bring more financial services to our fingertips.
Congratulations to NFTE Graduate Taylor Penny from Los Angeles. She'll attend Washington State University this fall. Taylor had an opportunity to visit the school thanks to Southwest Airlines and the Showing LUV campaign. She's LUVing her future thanks to NFTE and Southwest.