The NFEC’s Financial Literacy Videos
by Sasha Meyers
In today’s uncertain economic times where today’s youth often prefer multimedia learning tools rather than classroom instruction, financial literacy videos are helping some pick up money management skills. The NFEC’s online program, Money XLive multimedia, features videos from over 30 celebrities and sport stars to get students motivated to learn about money.
The use of the NFEC’s financial literacy videos to teach proper money management habits is being used in classrooms and by parents across the country. Revolutionizing how financial literacy is delivered, the National Financial Educators Council has produced some of the top financial education videos in the industry. These videos are incorporated in a variety of financial education products.
The NFECs’ celebrity supporters have contributed exclusive financial literacy videos that share their passion and knowledge on the subject of money. They relate their personal financial stories so lessons are delivered in a non-lecture way yet that students remember. The NFEC helps the celebrities shape their stories so it fits into their signature format: motivate, educate and move to action.
The financial literacy videos featured by the NFEC have a common element. They relate money to lifestyle. Most young people (and people of all ages) are not motivated by having a large bank account or a lot of money in their 401K. It the lifestyle that money affords them that truly encourages them to want to acquire money management skills. It’s the experiences they desire, travel dreams, the people they want to help and getting the toys want.
Unfortunately most financial education videos show a banker in a suit preaching about ‘financial literacy’ – BORING. The focus of effective financial education videos is to design them in an MTV style format, with the look and feel they relate to. Equally important is the quality of the material being delivered. It should be practical in nature so students can instantly recognize the benefit of them learning about money and how money management skills relate directly with their life.
Before the NFEC launched their Money XLive and Real Money Experience multimedia learning center teachers and parents would have had to force students to learn about money. Now, because of the engaging video platform, students are excited and want to learn about money. In fact, many of today’s youth are either buying the financial literacy learning centers for themselves or asking their parents to purchase it for them.
Even simple financial literacy videos that illustrate the importance of opening a bank account young can have lasting benefits. There is a huge number of ‘unbanked’ and financial education videos that encourage them to open an account will set them up for the future. Just a simple activity encourage by online videos can get them motivated enough to open up their savings and checking account.
Can you imagine a scenario where your child or student is actually teaching themselves about money? Well the day is here and much of it is due to the NFEC leading the way with engaging financial literacy videos.