KD-forest-smiling.jpg

Financial Literacy Tour

Through a concert, multimedia presentation and talkback, this show covers the importance of developing good saving habits early, types of debt available to students, wise use of debt, the dangers of too much debt and high interest debt/payday lenders, how credit scores work, and how to control spending through tracking. budgeting and goal setting. Gooding suggests students look to their communities for support and mentorship, while he exposes the myth of rock stars, athletes and actors who sell the false image of overnight success.

Students who do not receive this message early may find themselves carrying too much debt, at risk of dropping out of college, or otherwise deferring their dreams. Young people from unbanked families are especially at risk.

02.jpg

Topics covered:

  • Following your passion
  • The importance of habits of self-reliance and self-control
  • Earning, saving, spending, investing, giving
  • Credit scores: how you get one, why they matter
  • Loans and interest rates – when loans make sense and how to identify predatory lenders
  • The benefit of compound interest especially for young people
  • Pitfalls: without good habits, lottery winnings, an inheritance, a record deal or a pro-sports deal won’t solve money problems
  • Slow and steady wins the race
  • Finding mentors in your community

03.jpg


“There are no short cuts or quick fixes. The hype of overnight success in sports, music and acting can lead us to believe that our day to day discipline and the mentors in our own communities don’t have value, when these are THE MOST important resources we have.” - Gooding

Thank you for taking your time to come out to New Kent High School to perform for us, it was a really enjoyable experience for me. I really thought that you all were very great musicians and I hope that you continue to live up this dream that you all have for your future. I also want to thank you for taking the time to give us valuable information that we will need as we get older. I think that you showed not only me but others about how important money is and how we need to find a budget. I have learned that I do not want to get older and become a mess because I do not know how to handle money but I want to create a dream that you guys also created and form it into my own and have great money management. I really enjoyed your concert and I hope that you continue giving this life lesson to all others around the world. I am really glad that you took the chance to come out to New Kent High School and show us how you play and also the valuable life lessons that can really help how I am when I get older.