Juni Learning, Bloom offers a free investment course for students

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Juni Learning and Bloom announced on Tuesday that the two online learning platforms will work together to provide real-time financial information to students with the April recognition of financial literacy.

In April, Juni Learning’s fundraising course, “Investing in the Stock Market,” will be free for anyone who wants to participate. In addition, the top three students will receive $ 500 to begin their investment journey. And Bloom is offering students $ 5 to open an account through their platform.

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Financial Literacy Month

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The Money Minded course takes approximately 20 to 30 hours of content and can be taken at the student’s own pace. The course teaches students the basics of investing using a stock market simulator. At the end of the course, the three winners can apply their knowledge and purchase actual shares through Bloom’s personal account.

“Our mission in June is to prepare everyone for the real world,” said Vivian Shen, co-founder of Juni Learning and CEO. ZDNet. The company’s courses are designed to provide late elementary students with knowledge through high school that many schools don’t offer.

A small number of schools offer financial literacy courses, so Juni Learning is trying to fill this gap and provide students with the tools they need to navigate the world of finance. In addition to courses that students can take at their own pace, the online learning center offers private courses through subscriptions for more complex concepts, such as long-term analysis of planned companies.

“We start by saying‘ let’s talk about the basics, what are the percentages, the different ways to get the interest, how does the risk factor affect this ’and then we start at a deeper layer, for example:‘ Let’s do some things evaluate. ” companies and their financial statements ’said Shen.

The courses are based on basic financial knowledge. They start with topics like income, revenue streams, and budgeting. The courses cover concepts such as the difference between working for yourself and working in a company and how much money you can spend on safe return investments as well as risky games.

“[Juni Learning is] tries to give children a broader understanding of the mechanics of how to make money and an understanding of the value of different types of investments and company activities, ”Shen said.

As is well known, the American education system can do more by adding financial health topics to curricula. Very few schools offer classes that support the financial well-being of their students ’future. The reasons for this, Shen said, are not always benevolent.

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“Sure there are some dirty reasons, right? For example, if you’re a student loan provider, you don’t encourage people to teach you about why they sign up. So, these are there, and if you’re a university. or college, you are usually encouraged to attract people somewhere, but still lend and study, ”he said.

Financial health courses in schools can help students make these big decisions, such as choosing the terms of a student loan – an easier process. The more educated students are, the more they are prepared for success and can avoid the unfavorable conditions that can afford a lifetime loan. However, it is easier to incorporate these types of courses into the curriculum. As it is known, it mainly depends on the person.

“Right now, it feels very much that we as an individual have to educate ourselves that this isn’t right,” Shen said. At the district, state, and federal levels, we can work with better policies to achieve financial literacy in the classrooms. But now it is mainly the responsibility of teachers and parents.

“At the parental level, it’s about educating themselves first and then reaching out to their children. And even with teachers; some of the teachers I’ve talked to don’t fully understand their pension system. For example, how much direct long-term funding. in the stock market is different from relying on your pension or 401K, ”Shen said.

Learning financial literacy can actually be appropriate in math courses, Shen said. Teachers can begin to teach concepts, such as focusing attention through simple examples related to their students ’interests, such as candy. Students could give the teacher a piece of sugar and return it a few weeks later.

“If we could get financial literacy in math courses, that’s what the American education system needed. Algebra is almost everything you need to invest, and so there should be more ways to apply. [financial literacy in classrooms]and getting more projects like that [Juni Learning and Bloom’s partnership] there is criticism. So, in my opinion, to some extent, it is the responsibility of the people [financial literacy] work with community leaders to incorporate it into the curriculum, ”Shen said.

It is said that in recent years, financial literacy has become more important. There are many companies in the financial industry that emphasize the financial well-being of their clients. For example, large financial services companies such as Bank of America and Visa. Even FinTechs like SoLo Funds and Robinhood have integrated financial education resources into their programs.

Also: Visa and the Economic Education Council work together to support students ’financial literacy

“I’m very happy that people have been talking about it for the last two years [financial literacy] more because in the past talking about money was very forbidden. Now, it’s great that we’re all working to make more people financially literate, ”Shen said.

Students, faculty and anyone interested in learning the basics of investing through the Juni Learning and Blooms partnership can access the free Money Minded course here.

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