Profitt Report: Financial literacy lessons from a rock n' roll band
Here are two phrases you don't usually hear in the same sentence: rock n' roll and financial literacy. That’s exactly what Kearsley High School teens in Genesee Township enjoyed today.
The band, Gooding, is based in Nashville, Tennessee, but they spend a lot of time in the spring and fall touring high schools across the country, using their music to teach kids about money.
“It is an odd pairing; I think the same thing that makes it strange is probably why it works,” said the lead singer and guitarist who only goes by Gooding.
“I don't sing about financial literacy, I wouldn't want to listen to that band, that sounds awful, but I do sing about justice and making the world better and all that that does apply to financial literacy,” he said.
In conjunction with Raymond James, Kearsley High School brought Gooding in to help kids connect the dots and realize finances are not a boring part of life, but a ticket to freedom.
The kids were impressed, both by the music and the lessons.
“This got people to actually listen because they made it into a concert, they made it really fun for everyone,” said Teven Thompson, a Kearsley junior.
They also talked about staying away from predatory lenders, how to maintain a good credit score and they wrapped this up with real world examples of celebrities so the kids could relate to it.
“I learned how much you should save,” said Emilie Lewis, also a junior at Kearsley High School, “when you start saving when you're 18 (years-old), $50 each week and everything and you'll get around $600,000 when you retire so that's a good amount of money.”
For this rock band, working with the next generation is a form of rock n’ roll.
“We think it's rock and roll for them to have choices, we're trying to show it to them as best as we can,” said Gooding.
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