AOA 068: Building Wealth Wisdom: Vince Shorb on Youth Financial Education
Host John Lanza speaks with Vince Shorb about the importance of financial education, the need for financial literacy programs in schools and the challenges of scaling these programs. They address the underappreciated role of parents in financial literacy education and the importance of teaching kids to save, earn money and control expenses, while highlighting the power of compounding and the psychology of money. They also discuss similar grandfatherly advice influenced by The Great Depression. Vince shares his early money lessons and how his parents encouraged his entrepreneurial spirit while emphasizing the importance of resilience in making financial decisions. Vince Shorb, CEO of the National Financial Educators Council (NFEC), has helped transform financial education by developing engaging and effective programs that significantly impact diverse communities. The NFEC’s over 2,500 programs help empower community champions to help citizens work toward financial self-sufficiency and security.