Financial Education Speaker & Author Shay Olivarria was on the Multicultural Familia Radio Show a while ago. For those that were not able to join us, Shay has taken the time to jot down a few thoughts about the major themes covered in the interview. Here are a few things that were covered:
Why are you so passionate about money management? What prompted you to become a financial educator to kids and young adults?
I’m passionate because of all the mistakes I made in my youth! I even named them my most recent book, All My Mistakes. I look back and think, “Why didn’t anyone tell me to invest a percentage of my income?” or “Why didn’t anyone tell me about the beauty of compound interest?”. I started Bigger Than Your Block back in 2007 because I had been working with youth and I noticed that the things I didn’t know back then, they didn’t know right now. I wanted to help them learn from the mistakes that I made.
What are some financial mistakes that you’ve made and how did you overcome them?
There are so many, where should I begin? I’d have to say that the worst mistake I made was not taking advantage of compound interest. I talk a lot about the mistakes and how to avoid them in 10 Things College Students Need to Know About Money. If I had invested only $50 per month from the time I started working at sixteen until I completed undergrad when I was about twenty six (ten years) I would have amassed $6,000. Let’s pretend that I had invested that money every month into an investment account that returned 8% per year (the average is 10% over most ten year periods, so I’m being conservative), I would have $9,000 at the end of those ten years. That’s $3,000 that was given to me because of compound interest. Let’s take it a step further and say that I never put another dollar into that account and I just let it grow. That $9,000 would turn into $217,000 by retirement! Imagine if I had kept it up!
I’m so glad that I had the opportunity to be a guest on Black Teen Empowerment Radio with Scotty Reid and R. Lee Gordon. We talked about community economics, recycling the Black dollar, the difference between traditional banks and credit unions, types of accounts, and a few tips from my book 10 Things College Students Need to Know About Money.
Listen to Black Teen Empowerment Radio
Tuesday, September 7th I was a guest on Impact Radio in Los Angeles. I had a great time with the host, Ciji McBride. Here’s a little behind-the-scenes footage from the broadcast.
I’m excited to be featured Saturday, July 10th on African Speak “Honoring Powerful Black Women in our Community”. As usual I’ll share some financial literacy tips, but I’ll also be talking about my journey from foster care to professional speaker and author in the personal finance arena. Along with me will be:
Jewel Carter – Community Activist / President Urban De’Version
Zekita Tucker – Author / CEO Zeniam Publications
Shanquil Merriwether – Community Activist / Milwaukee Chapter Pres. Action Network.
Join us every Saturday at 6:00pm (Central) for our Live Radio Show. We are dedicated to a rise in awareness of Afrikan people World-wide. We will cover topics that concern our Nation. Come share your views in our Chat Room with individuals of like mind. Call in your questions: (646) 381-4162 / Email your questions at AfrikanSpeak@yahoo.com or Text us at 414-379-7969 http://www.AfrikanSpeak.com
As a special treat I’ll be providing a discount code to purchase 10 Things College Students Need to Know About Money and Money Matters: The Get It Done in 1 Minute Workbook. Listen in online or by phone Saturday 4pm PST and 6pm CST.
I’m thrilled to be exhibiting at the Los Angeles Black Book Expo this year. The event will be held Saturday, August 21st at the Sheraton near the airport. The event is free for attendees.
There will be exhibitors, panels, workshops, spoken word, story telling, and the Sunset & Gumbo Radio Show will be broadcasting live from the event!
Save the date!!
In case you missed me on Black Authors Network’s Financial Wellness and Awareness Discussion, here it is. My portion begins at the 1.5 hour mark. I was featured for about 45 minutes.
There were two other authors, Ash Cash and Jennifer Mathews, featured on the show as well. I believe all our books can be found online at Amazon.com.
I’ll also be featured in Black Pearls Magazine in March.
Want to hear more radio shows featuring Shay? Visit Bigger Than Your Block and catch me on the Terryl Ebony Show, the Hollis Chapman Show, and the Cheap Cheetah Show (twice!).
From Radio Ink:
NEW YORK — April 27, 2009: The partnership of the RAB, BMI, and the Mentoring and Inspiring Women in Radio Group is now accepting applications for scholarships the second annual two-day “Rising Through the Ranks” training seminar at the RAB Radio Training Academy in Dallas.
The seminar will be held August 25-26 and will feature Erica Farber, the former publisher of Radio & Records and the winner of the RAB and MIW Group’s first annual Trailblazer Award. BMI will be providing 25 scholarships for the 2009 program, covering the cost of the training course.
“As we continue our efforts to create opportunities, educate and support the careers of women in radio, ‘Rising Through the Ranks’ and similar programs remain essential to the advancement of women in management roles,” said Heidi Raphael, VP of Corporate Communication for Greater Media and spokesperson for the MIW Radio Group.
Scholarship applications and registration for the seminar are available at www.rab.com.