I had the opportunity to spend a little time with Ted Gonder a couple of weeks ago. This is a guy you need to know about!!!
He’s a member of the resident’s Advisory Council on Financial Capability for Young Americans and has served as Entrepreneur-in-Residence at the U.S. Department of Homeland Security, advising the Obama Administration on immigration policy for foreign entrepreneurs. He also worked with the Kauffman Foundation and the Chilean government on transnational entrepreneurship initiatives, and published research with MIT Press and McKinsey.
His work has been featured on MTV, and the Wall Street Journal, and has spoken at the White House, the U.S. Senate, New York Stock Exchange, and TEDx.
He is the executive director of Moneythink, an exciting initiative providing financial education to young people. Among the startling facts on the Moneythink website are these:
• More than half of U.S. adults have subprime credit scores
• The average U.S. borrower carries almost $11,000 in credit card debt
• 39% of U.S. adults have no non-retirement savings
• 33% of U.S. adults do not pay their bills on time
His innovative model uses college and university students as mentors who provide the financial skills for students in schools around the country. Thirty universities in ten states around the country participate in the program.
Ted recognized that financial literacy is a critical part of preparing young people for life. I love that he took his concern for young people and took action. He is an incredibly dynamic young man, and his approach to teaching has value far beyond the financial how-to’s covered in the program.
Like CEO, what Ted does is life changing for both mentor and student, and has an impact on the trajectory of all their lives.
Ted told me that Moneythink and CEO share an approach that is “transformational, not information”. How I wish more people understand the power of that!
Check out Moneythink’s website as well as Ted’s personal site. I know you’ll be as excited about his work as I am!