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EnRICHed Academy Smart Start for Financial Genius

General Angela Calla 6 Dec

Dominion Lending Centres Angela Calla Mortgage Team is proud to announce the launch of EnRICHed Academy’s “Smart Start for Financial Genius”! This program has been designed to educate young adults (13-23) and their families on the fundamentals that build wealth in an entertaining, funny and entirely interactive way.

No program like this currently exists, and the need and demand across North America is at an all-time high. This is our way of giving back to communities across Canada, ensuring our youth embrace financial literacy.

Click here to view the EnRICHed Academy trailer on YouTube.

Why we created EnRICHed

  • Statistically, 6 out of 10 Canadians live paycheque to paycheque, which means if their income stopped for only one pay period they’d have to rely on a Line of Credit or Credit Card to make ends meet 
  • From 1989 to 2006, total credit card charges rose from $69 Billion to $1.8 Trillion; a 2,600% increase 
  • Today the average household credit card debt is $16,007
  • The yearly savings rate of an average Canadian has gone from over 12% of income in the early 90s to under 2% today
  • Household debt in Canada has more than doubled over the past 10 years
  • 84% percent of college graduates in North America indicated they needed more education on financial management topics. Parents expect the schools to teach financial literacy and schools expect parents to. The fact is, most parents and teachers are ill equipped to teach students and kids on this subject and, therefore, don’t
  • The average college graduate is $23,186 in debt

What EnRICHed looks like

The program comes in a box and contains 5 DVDs of entertaining but highly educational video on creating a foundation for building wealth. There is a 100-page workbook that the family will work through that includes activities and exercises as well as other materials that correspond with the topics covered in the program.

15 key topics covered by EnRICHed

  1. Understanding money 101
  2. Why some people don’t save money… no matter how much they make
  3. How much we actually spend at an early age
  4. Saving money vs Making money
  5. Why starting to save at an early age is critical
  6. The magic behind compound interest and how it works
  7. How to buy your first investment property by the age of 23
  8. How to get into the stock market
  9. How credit cards work
  10. Good debt vs Bad debt
  11. How taxes work on a paycheque
  12. Why goals are critical to building wealth
  13. The difference between a dream and a goal
  14. How to write down goals and take action
  15. The importance of building your personal brand

Feel free to give me a call or send me an email if you’d like to learn more about EnRICHed Academy.

Angela Calla, AMP 604-802-3983