MILLHURST COMMUNITY PROGRAM
FREE with Food Bank Donation!!!!
EnRICHed Academy Financial Planning with Loretta King
You don't have to look very far to see an article in the newspaper or to watch a segment in the news talking about the lack of education when it comes to teaching students the basics of Financial Literacy. EnRICHed Academy is the first of its kind program designed to teach teens and young adults how to EARN, SAVE AND INVEST their MONEY.
Saturday November 5th
1:00 - 3:00 p.m.
For teenagers & young adults.
The afternoons focus will be on:
Money Myths (the true story behind wealth in Canada and what stops most people from getting where they want to be financially)
Understanding Credit & Credit Cards
Setting & Building Your Personal Brand
What Is EnRICHed Academy?
Over the last several years through hundreds of speaking events at high schools, EnRICHed Academy has been on a mission to teach students the fundamentals of money management. While the topic of Financial Literacy can be dry, dull and boring… EnRICHed Academy has created an incredibly powerful program that will both educate AND entertain its viewers.
As recently seen on Dragons’ Den, all five Dragons’ wanted ‘IN’ on EnRICHed Academy due to power of this training and the overwhelming need for financial literacy training for teens and young adults in Canada. Jim Treliving (Boston Pizza Chair) and Bruce Croxon (Lavalife Founder) were both officially signed as EnRICHed Academy spokespeople after months of due diligence and due to their overwhelming belief in this training.
Who Am I?
I am Loretta King, Mortgage Expert with Dominion Lending Centres Key Financial. In the last 7 years I have seen countless mortgage applications where individuals had ruined their credit and truly had no idea what it really took to realize the dream of home ownership. Many of their stumbling blocks could have been avoided with proper financial education. My passion is to give my clients the tools they need to reach their dream of home ownership. Starting young is imperative!!
Why We Are Running This Program:
Statistically, 6 out of 10 Canadians live paycheque to paycheque, which means if their income stopped for only one pay period they’d have to rely on a Line of Credit or Credit Card to make ends meet
Today the average household credit card debt is $16,007
The yearly savings rate of an average Canadian has gone from over 12% of income in the early 90s to under 2% today
Household debt in Canada has more than doubled over the past 10 years
In the last 20 years total credit card charges have gone from around $70 Billion to $2 Trillion; a nearly 3,000% increase!
84% percent of college graduates in North America indicated they needed more
education on financial management topics. Parents expect the schools to teach financial literacy and schools expect parents to. The fact is, most parents and teachers are ill equipped to teach students and kids on this subject and, therefore, don’t
The average college graduate is $23,186 in debt