In this engaging episode of the School After Hours podcast, Jaylee welcomes Kerwyn Phillip to delve into the critical topic of financial literacy in out-of-school programs. As financial literacy gains traction in educational settings, Kerwyn shares practical advice on how schools and afterschool programs can integrate financial lessons into their routines, offering a holistic approach to money management. By fostering financial understanding from a young age, educators can equip students to navigate the complexities of personal finance effectively.

Key Takeaways:

• Financial literacy should be integrated into school programs using simple tools like educational games to teach children about money management.
• Community involvement is vital in promoting financial literacy; partnerships with organizations can provide valuable resources and support.
• Setting clear financial goals provides direction and helps individuals plan their financial futures more effectively.
• Addressing historical distrust in financial institutions requires education and community collaboration.
• Organizing youth fairs involves considering logistics, ensuring variety in business offerings, and securing necessary resources and sponsorship.

Guest(s) Bio: 

Kerwyn Phillip is an author, small business consultant and financial literacy advocate. He recently released his first book, “Malik’s First Job: Financial Principles for Teens” about a young man who seeks financial advice from his father. Since the book’s release, Mr. Phillip has appeared on NBC-12 (Richmond), The Michael Colyar Show, Real Black News with Raqiyah Mays, Soul Logistics Radio and several other social media outlets.

A lifelong educator and financial literacy advocate, Mr. Phillip has taught Economics and Personal Finance in Henrico County Public Schools, facilitated financial literacy workshops at Richmond Public Library, Henrico County Public Library and Chesterfield County Public Library. In 2016, his organization, The Ndugu Business & Leadership Academy, partnered with the Virginia Commonwealth University (VCU) Department of African American Studies on their SWAGIFY Financial Literacy Research Project. Also in 2016, he received the Manny Award from My Brother’s Keeper of Greater Richmond for contributions to the community in Central Virginia. 

Mr. Phillip is the Co-Founder of the Youth Business Exchange, a 501c3 nonprofit organization that promotes and motivates youth entrepreneurs. This organization hosts the annual Richmond Children’s Business Fair, which is a public marketplace that allows youth entrepreneurs, between the ages of 5 - 17, to promote their products and services.

Resources:

Book A Free Consultation with ME! https://www.schoolafterhours.com/services

Kerwyn Phillip Instagram: @kerwynphillip

Check out Malik's First Job book: Malik's First Job

Youth Business Exchange: https://youthbusinessexchange.org/

Connect With Us

Website: www.schoolafterhours.net
Newsletter: Afterschool Culture
Facebook - @schoolafterhours
Instagram - @schoolafterhours
LinkedIn - school-after-hours-podcast