One student said the class has been 'a life-altering experience'
Once you start earning a paycheck, the path to wealth is clear: live below your means, and save and invest what's left over.
"We're a low-income school. Some kids don't get allowances. Some are on food stamps and 100% get free lunches. With this program, kids can leave school with a few thousand dollars," LaSalleThe students also take three personal-finance courses and LaSalle helps them set up checking and savings accounts and invest in index funds through a custodial account.
"Too many Americans live paycheck-to-paycheck, cannot afford a $400 emergency, and will be unable to retire on time," LaSalle continued."I cannot think of any way we could help people learn how to transform their own financial futures if they do not get paychecks, financial literacy, and the ability to practice banking at a young age."
"The goal is that everyone in the class will be a millionaire at some time in their life," LaSalle told MarketWatch."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.
France Dernières Nouvelles, France Actualités
Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.
Luxury Developers in Miami Eye Low-Income Tax BreaksA new federal tax-incentive program designed to help low-income neighborhoods is adding fuel to Miami's real-estate boom
Lire la suite »
Students stage walkout at Illinois high school in protest over blackface videosAbout 1,000 students walked out of their Illinois high school on Tuesday after four male pupils wore blackface and made derogatory comments in videos posted to social media, school officials said.
Lire la suite »
‘Overtly racist’ messages attributed to Newport Harbor High students spur school district investigationThe Newport-Mesa Unified School District said Friday that it is investigating a series of “overtly racist” messages shared in a private Instagram group chat that included students from Newport Harbor High School in Newport Beach.
Lire la suite »
High school paper runs article about student in porn industry after free speech fightA Central California high school newspaper has published an article about an 18-year-old student who works in the porn industry after a fight with the district that the paper's adviser said violated free speech.
Lire la suite »
To 'slay' communication with his students, a high school teacher made a Gen Z dictionaryCNN News, delivered. Select from our newsletters below and enter your email to subscribe.
Lire la suite »
Profile of student porn worker allowed to run in Stockton high school newspaperA Central California school district has decided to allow a high school newspaper to publish a profile of an 18-year-old student who works in the porn industry.
Lire la suite »
Arizona high school students stage walkout over classmate's possible deportationHigh school students in Arizona walked out of class and rallied outside a local sheriff’s office to protest last week's arrest of classmate who is now facing possible deportation.
Lire la suite »
Students protest as high school senior faces deportationPHOENIX (AP) — A high school football player who has been in the U.S. since he was a toddler was in custody for possible deportation to his native Mexico, prompting a protest Monday by classmates outside an Arizona sheriff's office.
Lire la suite »
Meet the students learning how to become millionaires in a school district where many parents don’t have bank accountsStudents in this high school finance program learn about money by getting real bank accounts and real money to work.
Lire la suite »
Meet the students learning to become millionaires — in a school district where many parents don’t have bank accountsAt this high school, students learn about money by getting real bank accounts and getting paid real money to work at the school.
Lire la suite »
One student dead in shooting at suburban Denver school, police say; seven other students injuredMultiple injuries are reported at a suburban Denver school as police responded to reports of gunshots, according to law enforcement authorities.
Lire la suite »