TED Community » Elisabeth Donati
About Me
I own and run Creative Wealth Intl., LLL, home of Camp Millionaire and The Money Game and the recipient of the 2010 Financial Educator of the Year Award from the National Financial Educators Council. I am expert in teaching the basic financial principles people need in a way that is engaging, empowering and fun. I am the author of The Ultimate Allowance, co-author of Rocks to Riches for kids and I write a weekly blog called Financial Wisdom with a TWI$T.
- Location:
- United States, Santa Barbara, CA
- Gender:
- Female
- Areas of expertise:
- Financial Education, Accelerated Learning, Money Coaching, Gluten-free Baking/Cooking, Cookbook Author, Allergy free cookin
- I am:
- Educator/Teacher, Inventor, Writer/Editor
- My website links:
- The Money Game, Camp Millionaire, Ultimate Allowance Book
More About Me
I'm passionate about
Financial literacy education for kids and teens, teaching teachers how to teach financial education in a way that is 'sticky' and health!
An idea worth spreading
The college is A way, not THE way.
Talk to me about
Teaching kids about money and investing and gluten-free cookiing:-)
People don't know that I'm good at
Making the best gluten-free peanut-butter, chocolate chip cookies on the planet.
Comments
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Amy Cuddy: Your body language shapes who you are
21:02 Posted: Oct 2012
Views: 5,445,767 | Comments: 937
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A comment on Conversation: Financial Education?
I knew that I had to make it interesting and also fun and I also knew that it needed to simulate money in the real world so at least they would get some experiential practice with how it works when you approach adulthood.
When I created The Money Game...a physically active financial education game where the kids literally work for paychecks, learn to pay their bills, learn to pay themselves first, learn to invest in assets that then pay them passive income and, oh yes, events happen!
The game of money is quite simple but learning the rules and practicing the rules is anything but because, as I mentioned before, money is one of the most emotional substances on the planet.
A reply on Conversation: Financial Education?
But what I know is financial literacy and you are completely wrong...it is NOT simple.
A comment on Conversation: Financial Education?
I have been in the 'financial literacy' industry since 2002, created Camp Millionaire for kids and teens and a game called The Money Game. both highly effective and fun.
Getting kids and teens (and the adults who tend them) to understand how money works is much bigger than basic economics. Why? Because as someone else pointed out, human beings are emotional and we buy things because of emotion...even the things we 'need' we buy because of some emotion.
There are more reasons our country is financially illiterate than I could begin to cover and the rabbit hole is deeper than you'd ever imagine.
1) Adults have a hard time teaching kids something they don't know or understand AND are uncomfortable with.
2) Human beings make money mean WAY more than it really means. I teach that money is a tool to make our dreams come true but we make it mean something about who we are, how smart we are, how good we are, how successful we are, etc.
3) Marketing skills have increased to the point where anything can be marketing to anyone, any age and it's not just the poor who are easily enticed...it's everyone. I have read that the most gullible are the people who think that they are NOT gullible!
4) Financial education isn't required in most schools. When it IS taught, it's thrown into a grade or a semester and then you read articles that say Financial Education doesn't work. Of course it doesn't work! Either would math or English or science if it were taught for just one semester or one year.
5) We have to stop lying to our kids, telling them that going to college and getting a job is the only way. Politicians scream that we need to create more jobs, but Hello, who do they think are going to create those jobs? Entrepreneurs! So why isn't THIS taught in every grade in America? Why does this seem so simple an answer but hardly ever done?
6) We created a system that perpetuates the idea that we don't have to be responsible.
Elisabeth
A comment on Talk: Amy Cuddy: Your body language shapes who you are
Just imagine the adults who could so easily feel better about themselves by learning this information! Thank, Amy!
A comment on Talk: Joe Smith: How to use a paper towel