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Troy Millings and Rashad Bilal launched their podcast, "Earn your Leisure," to help educate their communities about financial literacy and entrepreneurship. Now, they're expanding that education into high schools. In the latest episode of Financial Freestyle with Ross Mac, Millings and Bilal discuss why the curriculum they developed is vital for students.
"When you think of education, a lot of times financial literacy is not taught in the school," Bilal says. "That's one of the most important things that we need in life. No matter what you do for a career, you're going to have to pay taxes... you have a retirement plan, you have to live somewhere."
Together with Bronx principal Dr. Travis Brown, Bilal and Millings developed a curriculum for high school students that explores financial principles from the stock market and real estate to entrepreneurship. Their pilot program launched in 12 schools in the Bronx last year. This year, they're hoping to expand to more New York City schools and then take the program nationwide.
As an educator himself, Millings had a personal motivation to share his financial knowledge with students. "If I'm being honest, I started to feel... complicit in... some of... the futures of these kids. I'm like, if they're not learning this and I know it, I'm really doing them a disservice."
The "Earn Your Leisure" co-hosts hope students walk away from their program with enough knowledge to make informed financial decisions in high school and beyond. "They're going to make a very big decision at 18, right? Whether they're going to go to college or not," says Millings. "There's a business decision that's being made, and they might not even know it until it's too late. And so we wanted to equip them with as much information, as much tools and enough resources to make the decision that was best for them."
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This post was written by Meredith Lawrence.