Teen educates others on financial literacy
By Shaun Ryan
For many people, the world of business, finance, economics and entrepreneurship is something of a mystery – understood by those with the relevant education or experience, but opaque to almost everyone. world. This is especially true for young people, for whom financial literacy often exists at its most rudimentary state, if at all.
Now, a new website offers free lessons, articles, and even courses that prepare young people for future financial success.
The content is informative and useful and, by all indications, the work of a seasoned professional. But howtofinance.org is actually the creation of a high school student from Nease and two friends.
Aryaman Bansal discovered an interest in the subject when he was still in eighth grade. So he enrolled in one of the few courses available that satisfied that interest: Advanced Placement microeconomics.
“I had fun,” he said. “I learned more and more about business.”
He took another course in macroeconomics, but he wanted to learn more than what the school had to offer. So he continued with a few summer programs. One focused on investment portfolio management. Last summer, he took a course offered by Cornell University: Economics for Leaders.
And a few months ago, he partnered with a student-run nonprofit called Bored of Boredom, which offers free educational enrichment online. He teaches a course in finance.
In fact, Aryaman is determined to educate others. So his website.
“I felt like the community deserved to understand the basics of financial literacy a bit more, which is why I decided to start this initiative,” he said.
In this mission, he is joined by his friends Akhil Vallabh and Miles Moerman.
Aryaman said he found inspiration at the link, the business hub and community centerpiece that opened in Nocatee in 2021. In fact, he has volunteered at the link, helping his summer camps.
Finding an interest in business basics among the kids there, he ran an entrepreneurship camp where campers set up a profitable lemonade stand.
“We only worked on the logistics,” Aryaman said. “Like, what do we need to run a lemonade stand? How much profit do we need? What would we do with the money?
They took a trip to nearby Publix to buy what they needed to sell their product. And in the end, they won about $60.
“I was really happy to race that,” Aryaman said. “Just because that’s what I’m trying to do with this website. To inspire people to learn more about finance and just be financially literate.”
While he looks forward to college, he expects to major in finance or business and maybe one day go into financial consulting.
“I feel like financial consulting is a career to get into, especially given how quickly our world is developing and how confusing some people – or a lot of people – may be,” he said. -he declares.
In the meantime, he tries to keep up to date with economic news and continues to educate the community on financial matters via howtofinance.org.