Morgan Stanley Financial Advisors share the power of financial literacy with some bright Brooklyn students.
On Jan 18, 2016, Morgan Stanley Vice President and Financial Advisor, Michael Brathwaite joined Middle and High School students in Brooklyn to talk about the value of learning how to save money early in life. The event, which was part of Public Allies NY's annual MLK Youth Leadership Conference, took place at Mott Hall Bridges Academy in Brooklyn, NY, on Martin Luther King, Jr. Day.
The presentation, “Your Money...Your Values...Your Future,” was built around providing students with multiple-choice questions about how they should be managing their money as they begin to join the labor force. The presentation also introduced ideas like investing in stocks and bonds as a way to help grow their finances over time.
Brathwaite stressed the importance of educating students on how to understand money. When it comes to financial literacy, he says, “When you talk to adults, they say, ‘I wish I understood more. I wish I learned more younger.’ I think we’re understanding this needs to be part of the curriculum.”
Brathwaite was joined by others from Morgan Stanley, including Financial Advisors Chris Reid and Kedar Wilson, who were on hand to discuss with the students about how to start saving for retirement early. “Many people aren’t able to apply financial literacy because it isn’t taught in the classroom, and I think it’s really important that today they got a chance to understand what that’s like,” said Wilson about presenting the students with real life situations and questions.
Brathwaite wrapped up by encouraging the students to start small, but early. He stressed that sometimes there is no right choice when it comes to saving vs. spending, and that every financial decision comes with its own set of consequences. The hope is that, the more knowledge you have early, the better off you’ll be when it’s time to retire, and Brathwaite made sure that each student walked away with more financial knowledge than they had when they walked in.
NY Public Allies is a national movement grounded in the conviction that everyone leads. We believe that everyone can make a difference and can work to inspire more citizens to believe in themselves, step up, and act. Throughout our nation’s history, lasting social change has always resulted from the courageous acts of many, not just the inspiration of the few. Since 1999, we've developed more than 400 young leaders who increase the educational and economic opportunities for low income New Yorkers. Our mission is to create a just and equitable society and the diverse leadership to sustain it.
Mott Hall Bridges Academy (MHBA) is a New York City Department of Education Public School located in the Brownsville neighborhood of Brooklyn, New York, and founded by Nadia L. Lopez. The mission of MHBA is to create a STEAM (Science, Technology, Engineering, Arts, and Math) environment where inquiry is used to develop critical thinkers through teaching and learning, building positive relationships amongst stakeholders and adhering to our MHBA code of excellence. Our STEAM focus prepares scholars to not only become independent, critical thinkers, but equipped for the challenges of the 21st century. Scholars will develop the skills necessary to succeed in college such as identifying a problem, conducting research, developing solutions, and articulating their findings through dialogues and end of the year projects.