Iona Work Spaces
The tassels will soon be off, and graduation will be a fresh memory. For many high school seniors, the real-world challenges of heading off to college, joining the military or entering the workforce are straight ahead. Many of those challenges involve money. Which brings us to the subject of financial literacy in thinking about money, keeping it and understanding how to use it for long-term goals.
On Saturday, June 8, the Alhambra Source will present “How Not to be Broke,” a financial literacy workshop for Alhambra Unified School District outgoing and incoming seniors. Alhambra Mayor Adele Andrade-Stadler will be on hand to offer opening remarks.
The event will be held at the Iona Work Spaces, 1500 Alhambra Rd., Alhambra, 91801. The workshop, which runs from 10 a.m. to 3 p.m., will include a free lunch. It is being co-sponsored by Royal Business Bank. There will also be a text-book scholarship raffle and school supply giveaways. Space is limited. Click this link to RSVP.
Iona Work Spaces is itself a place to behold. Built in 1918, the building was purchased in 2015 by attorney Michael McCollum. He conceived the restoration which includes skylights and original brickwork.
The “How Not to Be Broke” workshop was conceived, planned and organized by Miguel Drayton, the project leader of the Alhambra Source, whose portfolio includes media research at Stanford and USC; feature film development at DreamWorks as well as roles as an administrator and educator at the Art Institute of California and Loyola Marymount University. He holds a bachelor’s degree in communication from Stanford and an MFA from USC’s Peter Stark Producing Program.
While an educator at The Art Institute, Drayton developed a “College Success” course for students to educate them on the immediate and long-term financial responsibilities they would be undertaking.
We asked him about the workshop and his views on financial literacy:
Q—What is your sense of financial literacy among teens leaving high school and either going off to college or starting careers outside of academia?:
A—In my experience, financial literacy is quite low. I taught undergraduates for over 15 years and very few of them, even at the college senior level, had a proper grasp of how to manage money effectively. And I don’t blame them. Living in a consumer society makes it an uphill battle…
Q—You’ve said that financial literacy sometimes starts with a good breakfast. How does that work?
A —In the “College Success” course I developed at The Art Institute, we introduced the concepts of professional comportment and emotional intelligence, conflict resolution and nutrition. For example, many students would start the day with a poor breakfast or no breakfast at all. For them, it was expendable. But I helped them see that neglecting something as simple as breakfast would lead to financial problems. Poor nutrition leads to poor performance which could mean failing a course, paying for it again, ruining GPA and job prospects. I had them do a cost benefit analysis when it came to having a Red Bull or eggs and fruit for breakfast.
Q—How will the workshop be conducted?
A—The first half of the workshop will deal with the sources of money for students, like loans, grants and jobs. The second half will be conducted by our partner and sponsor Royal Business Bank. This portion will show participants the importance of managing credit, using credit cards, saving money and budgeting.
Q—Other than financial literacy, what is one thing you hope attendees will gain from this workshop?
A—I think the power of self-assessment. One size doesn’t fit all when it comes to education. Learners need to be honest with themselves about their strengths, weaknesses, likes and dislikes. Half of the job will be done if students leave our workshop with a better understanding of themselves. That way they can employ the right strategies for their own future.
Q—Any other thoughts or observations?
A—Post-secondary education continues to be the best chance for social and economic mobility; a chance to get a toe hold in the shrinking middle class. Our financial lives have gotten more complicated especially as soaring housing costs and student debt threatens to derail the American dream for so many. Not being broke is hard work. The sooner kids know that and act on it, the better their chances for thriving as they move through life.
How Not To Be Broke: A Financial Literacy Workshop for AUSD Incoming and Graduating Seniors
With special guest speaker Adele Andrade-Stadler, Mayor of Alhambra.
When: Saturday June 8th, 2019 from 10am-3pm
Where: Iona Work Spaces, 1500 W. Alhambra Rd., Alhambra, CA 91801