537: Ted Gonder, Co-Founding CEO of Moneythink
So Money with Farnoosh Torabi
Farnoosh Torabi
4.7 • 2K Ratings
🗓️ 20 February 2017
⏱️ 34 minutes
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Summary
I'm a big believer in never underestimating a child's ability to learn about money at an early age. Researchers at Cambridge University discovered that kids can learn and take on good money habits by the age of 7. Meantime, a new study by Acorns, the micro-investing app, found that nearly two out of every five millennials say they feel anxious when thinking about daily expenses, especially debt. And more than half surveyed felt their formal schooling left them ill-prepared for success. Today's guest is working to give young adults a better chance at managing their money well. Ted Gonder is the co-founding CEO of Moneythink, a national technology non-profit that helps young adults - particularly first-generation college students - build financial health through mentorship programs and mobile apps.
It first launched in 2009 and since then has trained over 1,500 college leaders to serve as financial mentors and role models to over 12,000 teens across 17 states. In 2015, Ted was recognized for his work by being named to Forbes' 30 Under 30 list as the youngest in the finance category. He also served as the youngest appointee on the U.S. President's Council for Financial Capability for Young Americans under Obama.
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Transcript
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| 0:00.0 | So Money episode 537 Ted Gondar co-founding CEO of Money Think. |
| 0:07.7 | You're listening to So Money, with award-winning Money Guru Farnush Karabi. |
| 0:11.7 | Each day get a 30 minute dose of financial |
| 0:14.6 | inspiration from the world's top business minds, authors, influencers, and |
| 0:19.2 | from Farnu Shurself. Looking for ways to save on gas or double your double coupons sorry you're |
| 0:26.2 | in the wrong place seeking profound ways to live a richer happier life welcome |
| 0:31.1 | to so money Welcome to So Money everyone. |
| 0:35.0 | Thank you for joining me. |
| 0:37.0 | I'm your host, Farnush Tarabi. |
| 0:39.0 | It is February 20th. |
| 0:41.0 | I'm a big believer in never underestimating a child's ability to learn about money even at an early age. |
| 0:49.0 | And I think that I'm not alone. |
| 0:51.0 | Researchers at Cambridge University were where all the smart people go, discovered that kids can learn and take on good money habits by the age of, guess, seven. |
| 1:02.0 | Meantime, a new study by Acorns, which we've talked about on the show, |
| 1:07.0 | it's the micro investing app. |
| 1:08.0 | The researchers at Acorns found that nearly two out of every five millennials are anxious when thinking |
| 1:14.9 | about daily expenses, especially debt. It's no surprise. And more than half |
| 1:19.5 | surveyed felt their formal schooling left them very ill-prepared for success. So today's |
| 1:25.8 | guest Ted Gondar is working to give young adults a better chance at managing |
| 1:29.9 | their money well. He's the co-founding CEO of Money Think. |
| 1:34.6 | It's a national technology non-profit that helps young adults, especially first generation |
| 1:39.1 | college students, build financial health through mentorships and mobile apps. It launched in 2009 and since |
... |
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