#financial-education

#financial-education

The convergence of FinTech and eLearning creates a new model for financial education that is interactive, personalized, and instantly applicable, reshaping how we learn about money.

The partnership between Crib Equity and FirstHome IQ aims to empower future homebuyers with essential knowledge and financial tools, enhancing their homeownership journey and financial stability.

Hillary stated, "The new academy aims to flip that around... places our services at the beginning of a homeowner's journey to understand, from an unbiased source..."

Employees lined the entrance of the brightly branded branch, clapping and cheering as each new customer walked through the doors-greeting them with the enthusiasm usually reserved for celebrities.

Governments have been operating through loans and debt ever since humankind invented governments. As long as the government can pay off its debts, it can continue to operate.

Dr David Coleman suggests that when teenagers ask for expensive items, it's a crucial opportunity for parents to educate them about money management, saving, and making informed choices.

Dave Ramsey emphasized that calling a 401(k) a scam is "ridiculously ignorant" as many millionaires build substantial wealth through these accounts, highlighting their effectiveness.

McMinn and Hultquist emphasized the common misrepresentation of the HECM line of credit in the reverse mortgage industry, clarifying that its growth is not considered income but rather a form of loan proceeds. They explained, 'The line of credit growth is not income. We’re basically going to blow the whistle on some things we say in the industry.' This interactive approach allowed audience members to interrupt misconceptions directly, highlighting the need for accurate communication regarding these financial products.

Finding themselves debt-free opens the door to doing things you couldn't do before, like potentially renovating your home.

"Up until now, banks have been focused on the how - teaching hard skills and providing tools that help people manage their finances. Yet, even with skills and tools, Americans are racking up record-breaking debt and feeling financial stress and anxiety like never before," said Jack Howard, Head of Money Wellness at Ally.