Speaking
Engagements/
Wokshops
“Money On My Street”
Financial Literacy Workshop Series
PROGRAM OVERVIEW:
We believe that when residents, within our communities, understand and take ownership of their personal finances, they can make better financial choices, take ownership of their own lives and, ultimately, help to build and maintain the communities they live in. Through the establishment of the “Money On My Street” financial literacy program, we plan to help individuals build healthy habits when it comes to their personal finances and help them build intergenerational wealth to create a legacy for their families future. The Money on My Street financial literacy program is based off the book written by our founder, Gavin Taylor, entitled “Money On My Street – The ABCD’s Of Wealth Accumulation”. The “A” stands for Asset Accumulation; the “B” stands for Budgeting and Banking; the “C” is for Credit Building or Rebuilding; and the “D” stands for Debt Elimination. The program consists of a series of financial literacy workshops, that can be tailored to the needs of the servicing organization, which focuses on teaching individuals the four principles, outlined in the book, and how to be in complete control over their personal finances. The financial literacy program also provides comprehensive instruction on how to create budget plans, establish new credit, and how to negotiate and make payment agreements with creditors.
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PROGRAM DESCRIPTION:
The Money On My Street financial literacy program encompasses a series of financial education workshops that can help those who are struggling with budgeting, managing their credit, and preparing for major purchases. We offer courses on minimizing debt, overcoming bad credit, how to budget, and banking basics. The complete series can be done over the course of several weeks or the servicing organization can choose which classes are more beneficial to the participants of the program.
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COURSE OUTLINE:
Each class is 2 hours in length:
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Participants have opportunities to practice applying the content using real-world tools and techniques.
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Participants will receive knowledge checks that give provides them with an opportunity to review key points.
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AVAILABLE WORKSHOPS/CLASSES:
Session 1: Budgeting: Learning to live within your means
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Understanding how to prepare a budget and stick to it can help you avoid getting derailed with your finances — or get you back on track. Budgeting is the key to knowing how much money you have coming in and going out every month, and can help you live with less financial stress.
A few things you will learn in this workshop include:
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Why budgets are important
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How to assess your financial situation accurately
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How to prepare a budget
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Defining needs vs. wants — and saving for things you want
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Session 2: Credit: Understand the impact of credit and how to make it work for you
It is important to establish a good credit history, primarily by making your payments on time. Your creditworthiness can impact your ability to borrow money or make purchases on credit.
A few things you will learn in this workshop include:
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Why credit matters
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Types of credit
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How to evaluate a credit offer
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Understanding your credit report and score
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How to fix "bad" credit
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Session 3: Managing & Getting out of Debt
An important part of personal finance is how you manage your debt. Ideally, you would not have any debt, but in practice, most families do. It is not likely that most persons would be able to buy a car, a house, or finance an education without having to incur some debt.
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A few things you will learn in this workshop include:
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Developing a plan to get out of debt
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How to prioritize and pay down your balances
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Learning strategies to help you stick to a budget
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Strategies to help you keep your spending in check
Session 4: Banking: Explore basic banking products
There are a lot of different banking products and services today, so it’s important to know how to choose the right bank to fit your needs. From checking and savings accounts to overdraft protection to investment options, this online course will help you make sense of it all.
A few things you will learn in this workshop include:
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Choosing a bank that’s right for you
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The benefits of various checking accounts
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How to balance a checkbook
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Picking a savings account to fit your goals
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The pros and cons of debit and credit cards
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Understanding investment option
Session 5: The importance of Saving and Investing
The importance of saving the money we earn is crucial. We basically save because we cannot predict the future. Saving money can help you become financially secure and provide a safety net in case of an emergency. Beyond saving for an emergency, it is important to begin saving for retirement and to build wealth for the future.
A few things you will learn in this workshop include:
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Understanding the importance of saving.
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Steps for Saving and Earning
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What is an Emergency Fund
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Pay Yourself FIRST!
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Set a Saving Goal and Implement a Plan
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Retirement Savings
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Investing in the Global Economy
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Acquiring Asset​
Session 6: First Time Homebuyers
At the heart of the “American Dream” has always been the desire, of most individuals, to own their own home. There is no greater feeling like walking into a piece of property and knowing, “This is mine”. It’s a feeling of freedom and completion. It’s a feeling of accomplishment for hard work. It’s a reward to the “ordinary” person for a “Job well done”. The benefits of homeownership are not just limited to the owner, but it extends to their family, as it helps to build generational wealth.
Many families do not understand the mortgage and home buying process, and sometimes the fear of the unknown can get the best of them. They realize that this is the most important financial decision that they will make in their life. And that this decision is not be made or taken lightly.
A few things you will learn in this workshop include:
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Getting Pre-Approved
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Finding a Realtor
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Finding a Lender
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Making sure the house is solid (Property Inspection)
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Avoiding Predatory Lending
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Credit Building
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Down Payment and Closing Costs
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First Time Home Buyer Programs