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Kids go to Camp to Learn Finances

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  • Description

    Camp Millionaire Owner Elisabeth Donati on how the camp teaches children financial literacy.

  • Duration 2:28
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This transcript is automatically generated

Washington is going to get schooled by some kids.

Because -- spinning up a storm while these guys a learning how to save Elizabeth the -- runs can't millionaire camp to teach kids money management skills.

Something obviously sorely needed in DC a -- look at revelations -- -- camp bomb.

I -- tell us how does that work.

How do the camp for a public kids come in and we play a game called the money game for two days or five days or even four hours and we teach them everything we possibly can about paying themselves first and investing in assets and you know we did some look eventually you're going to be an old sparkle and I say that but that's OK and you are coming.

You're gonna have to have money today -- I was just talking about it with the guys -- me in the studio.

-- do you find that this told those in a financial literacy is really.

Blacking big time in our schools because I I don't think there are a lot of schools that really across the country.

Mandate financial literacy.

There aren't evidently there's somewhere between seven and nine and don't call because I don't know the figures.

That many states that actually mandated but the problem is.

The problem is twofold.

Where many many fallen you know you're asking teachers who probably are practicing what you want them to be teaching in the first place right.

And then you've got the -- No Child Left Behind act which in my opinion has left every child behind.

She -- the testing in the teachers don't have time of and the teachers say they don't have money.

And so there's just a lot of reasons it's not taught and done.

It's scary actually the one of the things that we need to know the most which is money isn't taught in schools but so there's only a few states and primarily because they don't know when there's really no -- no money to teach at.

OK well and I think so here's a thing are are the kids that go to your camp are they really embracing -- -- you do you have any evidence that later -- life.

It's actually helping -- -- be more fiscally responsible than their friends.

I can -- that there's a -- in Santa Barbara California named Andrew has been in my camp three times.

Has helped me with a teacher training and help me with a camp he is now an MIT.

And he helped his mother during the summer do all of her finances and he's -- is.

It's because he's gone far camps -- understands economics and have been better way than -- economics teachers taught him.

So I can I can tell you about.

Well I think it's a wonderful thing in going and I hope maybe you guys can carve out a special class for members of congress.

But yeah.

I thought would be my pleasure -- really.

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