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Tuesday, September 18, 2018

10 Ways to Make Financial Education Fun & Effective - Part 2


This is a great article that we have broken down in to 5 parts. Whilst nearly 10 years old, the basics still ring true.
By Elisabeth Donati  |   Submitted On September 29, 2009
Ten Components Of Accelerated Learning
ONE: Make it Relevant
Human beings generally have no interest in learning that which they don't see as relevant to their lives in some way. We all know what happens when we put people in an environment where they are asked to learn something they don't want to learn or aren't interested in. They start talking to each other, fidget, figure out ways to leave, daydream or doodle in their notebooks.
It's even more obvious with children. If you ask them to sit and watch something or listen to someone talk for any period of time, they wiggle and squiggle, roll their eyes, talk and ask lots of questions like, "Is it over yet?"
Yet put them in front of something that they find interesting, and even a two-year-old will sit still.
Topics must be made relevant and interesting or the information falls on deaf ears, and eyes. Even if YOU think the information is absolutely necessary, if it isn't relevant to the one you want to teach then you are wasting everyone's time and energy.
So how DO you make financial freedom and security relevant to an 8-year-old or a 12-year-old or even a 16-year-old? Great question.
The answer involves going into their world. In order to figure out how to relate what you want to teach them, you must understand what it's like to be 10 or 12 or 16. Only then can you begin to shape your message in a relevant way that will reach out and grab them.
Find a way to relate it to their lives. You can start by asking them what matters!
TWO: Enroll Them
Once you figure out how to make your financial education program relevant, your next step is to enroll them in the idea of learning. Enrolling is how you 'hook' your audience; get them to want to be there. When your audience is properly enrolled, they are ready to learn.
Here are three basic verbal methods the professional experts use to enroll their audiences:
1) Enrolling Questions & Scenarios.
Asking your audience a couple of relevant questions can immediately get them involved in the subject matter. Raise YOUR hand and get them to raise THEIR hand in agreement. Enrolling questions usually come in pairs and your goal is to enroll 100% of the audience. Sometimes this means thinking on your feet!
In a course about money, you might ask...
"How many of you like to spend money on things that you want?"
"How many of you want to grow up to have all the money you want and need so you can live the way you want to?
You can also use something like this...
"Imagine just for a moment, waking up every morning with the ability to do whatever you want. If I told you I had the secrets to that kind of life, would you want to learn them?"
A simple way to enroll children, in particular, is to invite them to visualize a particular situation and ask for their advice and feedback about how they would handle the situation. A good example would be "wanting a new pair of shoes but not having enough money" or "having a friend who asks you to borrow money". The more we can invite them to role-play situations that help them experience "financial risk", the better they will be prepared to handle those situations. Another scenario would be asking children to visualize what they will be like when they are older. Ask who will be paying for their food when they leave home, who will buy the gas for the car, stuff like that.
Bottom line...ask questions that will eventually reach 100% or your audience.
2) Announcements with meaning.
This is a way to reconnect with someone who has mentally left the room and "jar" them back into the program. An announcement goes something like this: "I was sick and tired of being broke!" or "The time is NOW!"
Bottom line...make announcements with a strong conviction.
3) Staggering Statistics.
This type of enrolling method involves using well-researched statistics. The statistic you use must be 100% true or you will lose your credibility. The statement is used to get your audience's attention.
Perhaps something like...
"Our country is currently in debt to a tune of over $11 Trillion dollars!"
"College students are moving back home at an unprecedented rate!"
"College students are graduating with $_________ in credit card debt, with no ability to make the payments."
Along the same lines, don't hesitate to provide a group of children or teens with real statistics...
o like the fact that it takes approximately $300,000 to raise a child from 0-17.
Then ask them how many children they want to have!
o like how much they'll end up paying for that first new car they finance.
Ask them if they think the car was really worth it?
o like how much buying a $4 coffee drink adds up to over 40 years at 10% interest.
Ask them if they'd rather live on that money later or drink it once.
Bottom line...startle them with facts!
Regardless of which methods you use, be concise, powerful and full of conviction. Pay attention to the response you get from your enrolling methods so you continue to modify for each presentation or class. You will quickly find that the more time you spend crafting your enrolling questions, the better and more effective your teaching experiences are for your students.
Bottom line...find a way to hook them and you're half way there.
For more information on YOU can learn how to teach your financial literacy programs in the most amazingly affective way, check out http://www.creativewealthintl.org/trainthetrainer.php
Elisabeth Donati is the owner of Creative Wealth Intl., LLC and creator of Camp Millionaire, a unique financial intelligence program for youth. She is an expert in teaching the basic financial principles everyone needs in a way that is engaging, empowering and fun.
She has a passion for empowering women in her Creative Wealth for Women program and is the author of The Ultimate Allowance and the weekly ezine, Financial Wisdom with a TWI$T. For information, visit http://www.creativewealthintl.org

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