Shay Olivarria Quoted in All The Money In The World by Laura Vanderkam

Financial Education Speaker & Author Shay Olivarria is quoted in this book!

Financial Education Speaker & Author Shay Olivarria is quoted in this book!

 

Financial Education Speaker & Author Shay Olivarria has been quoted in a new personal finance book by Laura Vanderkam, All The Money In The World: What The Happiest People Know About Getting and Spending. Have you read it yet?

Check out the quote heard ’round the world …. ’round the bookshelves?

Use TV as a teachable moment. “TV has some of the best teachable moments ever,” says Shay Olivarria, a financial education speaker and author. If kids are watching shows they shouldn’t be watching (like MTV’s Cribs), then “at least get something good out of it,” she says. Why do the characters think that a flashy house or car indicates success? Talk about why a lower interest rate on a mortgage matters in terms of monthly payments, and if you’re working extra hours to afford a particular vacation or to get out of debt, make sure they see the connection.

Keep in mind that in a cashless age, kids may have a harder time grasping what money really is. “A lot of children don’t understand how ATM cards work,” says Olivarria. “They think it’s magic. They don’t understand that money has to go in the bank for you to pull money out of the bank.” They may think that when you want something, you just swipe a card and get it, without understanding that a bank balance is debited somewhere, or that you’ll have to pay a credit card bill later. So it may be worth using cash on occasion to help them understand what’s going on.

Also, feel free to let them fail. Olivarria enjoys taking her nephews, nieces and cousins to the amusement parks near her California home. She gives them a set amount of cash (say, $20) and says they have to use it for food and any other desires. Inevitably, the first time a child has cash in hand, he blows it on a plush toy in the first 5 minutes, and then has to suffer through a long day of watching his siblings eat hamburgers and ice cream and buy other souvenirs with their carefully stewarded $20 allowances. “That is an awesome lesson,” says Olivarria. “I’d rather let an 8-year-old go hungry at Disneyland because he blew his money on a plush Mickey than have a 30-year-old blow money on something and now his kids are homeless.”

Tough love, right? Do you agree? Disagree? Check out the book and share your thoughts.

 

 

10 Things on Kindle for $3.50! Order Now!

I know you’ve been thinking about ordering copies of 10 Things College Students Need to Know About Money for your children, grandchildren, cousins, neices and nephews but you wanted to read it first, right? You wanted to make sure that it was a good read with real information about personal finance. Well, here’s your chance! 10 Things College Students Need to Know About Money is now available on Kindle for only $3.50 per download!

Download yours on Amazon.com now.

 

 

 

Click the image to read more about Shay speaking at Cal State Long Beach.

Shay Olivarria is the most dynamic financial education speaker working today. She speaks at high schools, colleges, and companies across the country. She has written three books on personal finance, including Amazon Best Seller “Money Matters: The Get It Done in 1 Minute Workbook”. Shay has been quoted on Bankrate.com, FoxBusiness.com, NBC Latino and The Credit Union Times, among others. To schedule Shay to speak at your event visit www.BiggerThanYourBlock.com

Know the Fees that Eat Away at Your 401(k) on Mamiverse.com

 

My latest article on Mamiverse.com talks about the new rule that says that each person that has a 401k must get a statement that can actually be read! Lol Read to find out where the fees are going, the types of fees involved and why it matters. Find the complete article online at Mamiverse.com.

Employees that invest in their company’s 401(k) plan should be able to understand their statements. A new rule from the Labor Department will, for the first time, enable many investors to understand how much of their investment dollars are going up in fees. “I know it’s there and that there’s money involved for me, but other than that I really don’t know how to access how much I have etc.,” says Lupe Zuniga of Waco, Texas. Each person that has money in a 401(k) should have received a statement by August 30 detailing how much money they have invested in which funds and how much they pay for that privilege.

Read the whole article here.

 

 

 

Shay Olivarria is the most dynamic financial education speaker working today. She speaks at high schools, colleges, and companies across the country. She has written three books on personal finance, including Amazon Best Seller “Money Matters: The Get It Done in 1 Minute Workbook”. Shay has been quoted on Bankrate.com, FoxBusiness.com, NBC Latino and The Credit Union Times, among others. To schedule Shay to speak at your event visit www.BiggerThanYourBlock.com

 

Quick Facts for Latinas About 401(k)s on Mamiverse.com

 

My latest article on Mamiverse.com is below. Women of all ethnicities need to read this article. Too many of us are putting money into our 401ks and are not sure exactly what’s happening to the money we contribute or what to do with it once we leave jobs. Read the whole article on Mamiverse.com.

A new study from the national Centers for Disease Control and Prevention says that most Latinas will live an average of 83 years. That’s great news until you start thinking about how you’ll live once you stop working. According to the Ariel/Aon Hewitt  Study 2012, Hispanics have considerably less—35% less—money invested than Asian-Americans and Whites. I’ve heard Latinas tell me that the number one reason they don’t actively invest for retirement is that they don’t understandhow to do it.

So, here are a few quick facts about the most common way to invest—with your company’s 401(k) plan.

WHAT THEY ARE
A 401(k) is a retirement planning option that, at most jobs, has taken the place of pensions. The role of a 401(k) is to invest your money (or “contribution”) in the stock market in hopes that you’ll have enough money to retire on when the time comes.

Read the other 3 here.

Shay Olivarria is the most dynamic financial education speaker working today. She speaks at high schools, colleges, and companies across the country. She has written three books on personal finance, including Amazon Best Seller “Money Matters: The Get It Done in 1 Minute Workbook”. Shay has been quoted on Bankrate.com, FoxBusiness.com, NBC Latino and The Credit Union Times, among others. To schedule Shay to speak at your event visit www.BiggerThanYourBlock.com

Baldwin Park Student Wins Scholarship He Didn’t Apply For

Raymond Tinajero just earned a $1,000 scholarship for being financially literate.

Raymond Tinajero just won a $1,000 scholarship that he didn’t apply for. When he scored in the top 10% in the nation on the National Financial Capabilities Challenge he was selected randomly by the Charles Schwab Foundation to get the $1,000 scholarship and a $1,000 grant for his school.

It all started with a financial education workshop from SCE Federal Credit Union in his Virtual Enterprise and Economics classes at his high school in Baldwin Park, CA facilitated by financial education speaker and author Shay Olivarria. According to SCE Federal Credit Union Foundation Manager Abby Ulm, “we facilitate between 40-50 financial education classes at BPHS each year”. SCE Federal Credit Union partners with schools in the community to help students become better acquainted with personal finance. “With an understanding of financial basics, such as budgeting, saving, investing and credit, these young people can avoid common money mistakes and experience financial success in their future”, says Ms. Ulm. Make no mistake about it, helping students helps us all.  Ulm is quick to add, “More financially savvy young people will result in a brighter financial future for all of us”.

 

Baldwin Park Students Score in Top 20% on National Financial Capabilities Challenge

 

After participating in classes on budgeting, credit, investing, insurance, and other personal finance topics Raymond took the National Financial Capabilities Challenge at school. His teacher, Mr. Craig Peacock, made sure that all of the students in his Virtual Enterprise class took the online test during class. Ulm thinks that high school is a great time to teach financial education, “By high school, most students have begun to experience what it’s like to have and spend their own money. Yet they are still sheltered from the aggressive credit solicitations and advertising gimmicks that become financial pitfalls for college students and young adults. In a sense, high school students are “clean slates,” financially speaking. It is the perfect time for them to learn the right way to manage money, how to build and protect their credit, and how to develop smart money habits”.

According to the Charles Schwab Foundation’s website, “ Scholarships of $1,000 each to 20 students selected by lottery from among the top 10 percent highest-scoring students nationally. In addition, five $1,000 scholarships will go to students who score in the top 10 percent among all participating students who attend low-income public schools. The Charles Schwab Foundation also gives grants of $1,000 to the school or organization that contributed to the student’s financial education, in this case Baldwin Park High School.

Raymond will use his $1,000 scholarship to attend Mt. San Antonio College in the fall. He says, “I want to achieve a master’s degree in Kinesiology and I want to be able to give my athletic trainer skills back to the world of sports”.

When asked if he has any tips for next year’s graduating Seniors he says, “All I want to say is that always keep track on all assignments, make sure all deadlines are meet, aim for improvement, and never lose focus of the goal to graduate”.

 

Money Mistakes on Retail Me Not

The dumbest thing Shay ever did with money is a story told at RetailMeNot.com.

Financial Education Speaker & Author Shay Olivarria’s whole career has been built on sharing the mistakes she made with others in hope that those mistakes could be avoided by others. Now, she shares the biggest money mistake of her life with Emma Johnson at Retail Me Not.

Smart people make dumb mistakes all the time. That’s why they’re smart—they learn from their mistakes. Even smarter? Learning from other people’s mistakes! Instead of screwing up your own finances, check out these doozies committed by financial professionals.

Read the article here http://theinsider.retailmenot.com/money-lessons.html

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Shay Olivarria is the most dynamic financial education speaker working today. She speaks at high schools, colleges, and companies across the country. She has written three books on personal finance, including Amazon Best Seller “Money Matters: The Get It Done in 1 Minute Workbook”. Shay has been quoted on Bankrate.com, FoxBusiness.com, and The Credit Union Times, among others. To schedule Shay to speak at your event visit www.BiggerThanYourBlock.com