The Importance of Financial Literacy for Young Women
We here at the Grant Cardone Foundation believe that teaching the importance of financial literacy, especially to young women, is one of the most important things we can do to help bridge the gender inequality gap. For Financial Literacy Month, we partnered with the Pace Center for Girls Miami, where Elena Cardone taught 30-35 high school girls from the organization about the “Top 3 Things to Know About Money.”
Growing up in New Orleans, Elena grew up with a lot of misinformation surrounding money. These false beliefs around finances affected her negatively later on in life. This is why it was so important to her to share these important points with the young girls at Pace.
The girls learned about the importance of earning money, storing money, investing money AND how money can make their life better.
“Money isn’t evil, it’s a tool. You can use it to help more people,” Elena says.
Pace Miami is an innovative prevention and intervention program that addresses the needs of girls from the ages of 11-17, who have suffered trauma and consequently are failing in school or at risk of becoming involved in the Juvenile Justice system.
We wanted to help these young women learn about real world applications in financial literacy to give them the tools and confidence to make their own decisions. The biggest takeaway from the lesson we want to share with them is the fact that if you can improve your financial literacy, you will improve your entire life.
If a girl doesn’t understand her own money habits when she is young, then by the time she reaches adulthood, there is a strong chance that she will develop negative financial habits… which could stunt her from reaching her full potential in life.
“We want these girls to recognize MONEY AS A TOOL and not as an object of affection. We teach our girls at an early age that money doesn’t buy happiness but it can help us build a life of freedom that we can love and be grateful for” Elena said.
