Summary
In this episode, Dr. Abdullah Al Bahrani discusses financial literacy with Jennifer Inman, the Executive Director of the Kentucky Financial Empowerment Commission (KFEC), and her team. They emphasize the importance of understanding personal finance and making sound financial decisions. The team shares their financial journeys and highlights the need to teach financial literacy in a personal and relatable way. They also discuss the various programs offered by KFEC, such as the Bank On Initiative and financial literacy workshops for different communities. The episode concludes with a call to action to celebrate Financial Literacy Month and engage with KFEC's resources and seminars.
Takeaways
Financial literacy is about understanding personal finance and making sound financial decisions.
Teaching financial literacy should focus on the personal aspect and take away the shame associated with money.
KFEC offers various programs, including the Bank On Initiative and financial literacy workshops for different communities.
Budgeting, understanding long-term goals, and tracking expenses are essential for financial stability.
April is Financial Literacy Month, and KFEC encourages everyone to engage with their resources and workshops.
Chapters
00:00 Introduction and Financial Literacy
01:26 Introduction of Kentucky Financial Empowerment Commission
03:22 Introducing the Team
05:48 Understanding Financial Literacy
08:05 Teaching Personal Finance
10:25 Overcoming Anxiety and Making Financial Decisions
11:50 Teaching Personal Aspect of Personal Finance
13:37 Understanding Long-Term Goals and Making Sound Financial Decisions
15:03 Going Against Financial Advice
19:25 Bank On Initiative
21:44 Financial Literacy for Refugees
24:30 Employee Empowerment Workshops
28:51 Thrifty Thursdays and Financial Tips
33:22 April Financial Literacy Month and Upcoming Workshops
41:45 Conclusion and Call to Action
Join us at NKU this Summer
Thanks to generous sponsorships from REDI Cincinnati and BE NKY, we can pass on the cost savings to the 2024 Summer Economic Development Bootcamp participants. We have a new reduced price. You can learn more on our website.
