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Student Clubs - Professional
Website Mission Membership Benefits
Contact: Email group officers
Mission The mission of the MIT Financial Literacy Club is to empower Sloanies with the knowledge and tools necessary to make informed financial decisions, fostering a foundation for lifelong financial well-being. The club aims to bridge the gap of financial literacy inequality, offering a safe space to ask questions, learn hands-on through workshops, seminars, speaker series, and from resources specifically tailored to the unique needs of Sloanies and the next generation of world leaders.By collaborating with industry experts and leveraging the academic prowess of our MIT professors, the club strives to create an environment where financial education is accessible, relevant, and impactful. Through the MIT Financial Literacy, every member will have the tools, confidence, and knowledge to navigate the uncertainties and complexities of the modern personal financial world.
Membership Benefits No other Sloan group has offered personal financial literacy to its students. And shockingly, according to a LendingClub survey, 49% of individuals earning $100,000 still live paycheck to paycheck. Since there is a high chance that Sloanies will become 6-figure earners at some point in their careers (if not already), it is incredibly important for them to be equipped with the tools NOW so they can manage their money. The key thought here is that income does not equal wealth. Wealth creation and management is so much more about income, and that’s exactly what the MIT Financial Literacy club will teach Sloanies. The club will be broken into 3 main categories: • Academic • Practical • Social Academic – • I come from a 7-year career in wealth management, hold my Certified Financial Planner™ license, am a Chartered Retirement Planning Counselor, and hold my Master of Science Degree in Personal Financial Planning, so I can draw from my real-world and academic background to teach Sloanies about financial literacy and money management. • We have already had substantial interest from other MIT students – as well as financial experts from outside of the MIT walls – who have already graciously volunteered their time and talent to the MIT Financial Literacy Club to discuss money topics to the students Practical – • Following the MIT saying, Mens et Manus, the MIT Financial Literacy club will combine the theoretical (learned from the academic side) by implementing the concepts into their daily financial lives. Examples could include building a monthly budget, starting an automatic savings plan, updating their investment strategy, developing a plan for retirement (or starting to think about how retirement should look like for them), etc. • The practical nature will be implemented through workshops and Q&A sessions primarily Social • Of course, the MIT Financial Literacy club will also serve as a social setting for students to meet like-minded individuals and develop further, stronger bonds with the incredible MIT community
Lifetime membership