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Students gathered for their first meeting recently to hear about the Club from their Advisor, Northeast faculty member Barbara Ashman and members of the Tower staff. Club members will soon begin the process of developing their personal finance skills, enjoying competitions with other schools, engaging in investment simulations, and performing an annual entrepreneurial project.
"Tower is excited to sponsor our first Millionaire's Club and to do so with the welcoming faculty and student body at Northeast High School," said Gail Sanders, Tower's Manager of Business Development. "This innovative program combines all of the elements needed to prepare students for future financial independence and what better way can a credit union serve their community?"
Sanders went on to say: "Students recognize that regardless of the career choices they may make in the future, a sound financial base is essential to their success. Tower welcomes this opportunity to play a role in preparing students for that success, and it's our privilege to partner with the students and faculty at Northeast High School."
The six-month program was developed by the Credit Union Foundation MD|DC and is available to schools and credit unions nationwide at no charge through the Foundation's MillionairesClub.org site.Millionaire's Club members learn skills relating to budgeting, selecting financial services, protecting assets and identities, responsible borrowing, career choice, and putting savings to work through wise investment choices. "These are skills that will serve them a lifetime," Sanders said.
The clubs are provided seed grants, detailed curriculum, and faculty/student materials at no charge. Clubs enter local, regional, and national competitions such as The Stock Market Game™ and The Personal Finance Challenge™. Sponsoring credit unions provide support through seed grants and occasional guest speaking engagements. Additional support materials add a fun, competitive edge to the Club's activities. Millionaire's Clubs have produced State and National personal finance champions as well as first-place Stock Market Game™ competitors since the program was founded in 2013.
Millionaire's Clubs have been expanding rapidly. Currently, over 1,900 students benefit annually from participation at 45 sites.
For information on the Millionaire's Club financial education experience, visit MillionairesClub.org.
Free resources are available to start a Millionaire's Club in your community, Shawn Marie.
Visit MillionairesClub.Org
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