I am a financial planner with over 20 years experience.
Some of the ideas that I present here may be new to some of you reading this. I have researched this over the last several years and written a book about it which is coming out in 2022.
Only about 17% of Millennials ages 24 to 39 have saved $100,000.
Imagine a world where most students graduate being on track to save $100,000 by age 30.
The happiness of the middle class would increase dramatically.
Imagine a world where middle class adults are able to increase their saving by $1,000 to $3,000 a month, that would also make their lives much happier.
The Amount you spend or invest does not matter, when learning spending and investing skills.
It is the emotional satisfaction feeling of effective spending and investing that matters. This is the skill you are learning
THEORY - LEARNING Skills vs taking tests
What is the financial return on financial literacy classes?
For students that are not working it is very small because MOST of the new knowledge that you learn is not applied directly.
What is the 100by30™ return on investment (ROI)
What is your ROI on 100-500 hours of your time,
invested in learning 100by30?
if you are able to learn the skill, then you can save an additional $500,000 to 1 Million dollars total in your lifetime. That is a pretty effective use of spending 100-500 hours learning this skill. In the class I will show that the actual amount you save, CAN BE, more than that.
By financial SPENDING skills, I mean how to buy an item like a book, a phone, a car, a house, college education and international travel and save $100,000 by age 30 with an average 2 year degree.
I am looking for 20 students that would like to have their life changed and not worry about money ever again.
Let me give you an example - Buying a new $500 phone.
You go to buy a new phone by walking into a store and paying full price. What did you really buy?
You bought convenience and the new phone.
Buying a $500 phone with great financial skills.
You spend an hour researching special deals like Black Friday. You buy the phone for $250.
What did you really buy?
The same $500 phone, for only $250.
Your personal financial skill,
was also worth $250.
THEORY - WHAT IS THE YEARLY TOTAL VALUE OF ALL OF YOUR FINANCIAL SKILLS COMBINED ? It could be a combination of ALL of what you are simultaneously spending. This could include the value of your phone and similar things, your college education, your car, and your house. The value of your financial skills will be tracked automatically.
There are 6 other things that you are buying
in addition to convenience. I explain these 6 things in my book that will be published in 2022.
Knowing these 6 things can help you make much smarter buying decisions
LEARNING FINANCIAL SKILLS
Learning financial skills does not depend on the cost of what you buy. Just like in the phone example, it is the value that you add that matters. The cost could be as low as $10-$20.
REAL WORLD GOALS
After you learn financial skills with inexpensive things, then you will use those skills to buy expensive things, like a car, a college education, or a house.
If you are still in school, some of these purchases will be virtual.
I'm looking for 20 students or adults age 15 and over to sign up for one month pilot version of this course.
I will be teaching students and adults on Zoom directly on a one on one basis.
If you want to start the course right now, sign up for a free 1st session to discuss the following assignment.
The first assignment is to buy (or plan to buy) something for less than $20 that maximizes your value that and the minimize the cost. Review the phone example for a hint.
Your purchase will be discussed during the free session.
MY FINANCIAL PLANNING BACKGROUND
I am a financial planner with over 20 years of experience. I have worked for American Express Financial Advisors which later became Ameriprise. I now offer fee based financial planning and financial planning with commission based products if the client wants them.
WHY I CREATED THIS GAME/COURSE
As a financial planner and the father of 2 young adults living in the San Francisco area, I see that many of my children’s friends are struggling in high school. I created this course for young people like them.
My teaching method is fun because it involves buying things which most young people like to do. Eventually they will buy things like a car, a college education, or a house using the same principles they used to buy inexpensive things.
The younger you are when you learn them the better, because no matter what career you choose you will have a clear idea of how to be financially secure in life.
James Chandler Bio
2001 to present Financial Planner
See my full resume here at Linked-In
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