Loyola Marymount Organizes Financial Literacy Boot Camp

Loyola Marymount University’s Fred Kiesner Center for Entrepreneurship organized a Financial Literacy Boot Camp that ran from June 15 to June 18, according to a press release from the school. The program was created as part of the Save It Forward Initiative, a new program being led and funded by Paul Orfalea, Kinko’s founder and part-time faculty member at Loyola Marymount. The program recruited 13 local high school students to participate in the rigorous four-day session to learn the fundamentals of setting financial goals, saving, budgeting, investing, college’s benefits, buying a car, the stock market, and communicating in a professional environment.

The boot camp aimed to teach both theory and practical life skills, with the goal being that students gain an understanding of the theories of financial literacy and also an ability to analyze and apply them to their own lives. On the last day, students presented PowerPoints that summarized everything they learned in the program. Paul Orfalea also visited on the last day and spoke about the importance of delayed gratification in the pursuit of wealth. He gave each student $50 to open a personal savings account with compounding interest as well.

David Choi, Entrepreneurship Director, emphasized the benefits the program creates for all involved parties. “What’s interesting about this program is we tailor it to high school students but do it in a college environment. At the same time, our LMU entrepreneurship students are intimately involved in teaching and mentoring these kids. We want to hold these many times throughout the year. This is an exciting new social venture that our entrepreneurship students and the entire College of Business Administration can get involved with,” he said in a press release.

regions: Los Angeles

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