Page 9 - EQ Magazine Issue #3
P. 9


     7 Principles Every Child Should Know

     about Money

     Interview with Ric Mathis, Author
     By Rosa Worth

     ROSA:  What is it that you do?

     RIC:   I have an 8-part financial literacy course for youth. I
            use the 7 principles in my book entitled “Kid’s
            Money Book, 7 Principles Every Child Should Know
            about Money.” I utilize the book along with the
            film “Black Friday Part 2. We discuss the principles
            and the different components of the film.

     ROSA: What is the age ranges of children that you teach,
            and how do you teach them.

     RIC:   I teach various ranges of youth; some are very
            young and some are older. Whatever the ages I
            teach and instruct the course is fun and engaging   ROSA: What was your inspiration?
            for the children. It depends on the age group how
            the teaching is done. There is nothing cookie cutter   RIC:   My inspiration came from the fact that technology
            about instructing the course.  I improvise                 has disrupted the way we do business. We’re now
            depending on the group.                                    in the entrepreneurship age, we’re in the age of
                                                                       personality and create your own business. There are
     ROSA: How often do you do this course and where?                  youth on YouTube who are making money. Also,
                                                                       kids today don’t read like we used to; they are on
                                                                       their cell phones. That’s why I said, let me create a
     RIC:   I do this several times a year, in different cities and
            in places like the YMCA. I’ve taught in New York, in       product to watch because people aren’t reading
            Atlanta and in other cities around the country. In         like they used to. They are watching T.V. I also said
            fact I’ve just did a screening with the Urban              let me try to teach money and financial principles
            League. We’ve screened the film that I use to              to youth and create an ecosystem for that.
            educate children everywhere from London to
            Alaska and from Ghana, to Bermuda.  I travel all    ROSA: What return are you looking for from all of your
            over the country and into other countries teaching         efforts? How many children have you reached?
            financial literacy to youth.
                                                                RIC:   I’m not looking for a large return because people
     ROSA:  Can you tell me about some of the principles in the        are set in their ways. I am looking for persons who
            book?                                                      will change handling their money habits. I am not
                                                                       looking for a crowd, but I want to expose key
                                                                       people on how to build wealth, protect it, and
     RIC:   One principle that I teach is “Follow your dollar”,
            another one is “Value your time.”                          transfer it to the next generation. That won’t
            Following your dollar means that every purchase            happen on a massive scale. It will happen on a
            made is an investment. Keeping track of what you           small scale and then snowball into much more.
            purchase helps you to see the investments you
            make.                                               You can learn much more about Ric Mathis and purchase “Kid’s Money
                                                                Book, 7 Principles Every Child Should Know about Money” by visiting
            Valuing your time is just that.  There are 86,400   his website:
            seconds in a day. How that time is spent shows
            how you value it.

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