Get ready. This post starts with a pretty big bite of the apple:
Our mission is to foster greater income and economic equality by creating the next generation of impact investors — individuals who have the knowledge and skill to manage financial resources effectively for a lifetime and are motivated to improve their communities.
Now, let’s unpack this. Impact investors are people who seek a financial and social return. They recognize that capital appreciation is not the sole reason for investing. Thankfully, they’re not alone. The Business Roundtable has redefined the purpose of a corporation to consider the needs of all stakeholders beyond simply maximizing profits.
But impact investors aren’t born: They’re created through a lifetime of personal and professional experience, ideally supported by education. Rather than exploring the deplorable approach that many financial institutions are using to teach financial literacy, this post focuses on what we know about developing high-impact education, and how we’re using these principles to design and implement our training curricula.
FirstRoot’s Approach to Financial Education
High-impact curricula need to be grounded in a set of easily understood principles. Here are some that inform our work and how we leverage them.