This is the definitive place to discuss everything that makes life on & off campus so unique in Central Virginia.

Moderators: jcmanson, Sly Fox, BuryYourDuke

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By PeterParker
Registration Days Posts
#42726
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Also, the other day at work, alma maters came up and the financial state of some of them are in. Since I have an interest in Capital Investments, we were discussing how it would be smart for schools to "grease the wheels" so to speak and help create their own kickback potential by having a workshop or seminar that teaches its alumni and employees, over the course of four years, money management/investment principles & strategies early so they are equipped with the tools to invest their hard earned cash regardless of their profession to actualize substantial net worth of which the potential is greater that they may give back, at the very least expanding the pool of possibilities.


In discussing it, it occurred to me, that LU could adopt a program of some sort that could be implemented relatively seamlessly within the current scheduling system without much disruption. Given that there are three built-in convocations each week, perhaps having convos on two days and a Money Management/Asset Investment deal on the non-convo day. For example, by utilizing 15-20 minutes of Wednesday convo hour for "Hall Meeting/logistics" and then piping in over broadband a 15-30 minute Asset Management "lesson" (for lack of a better term); or having eight areas of meeting places where First Year A semester students go, 1st Year B semester students go (to avoid overlapping of content; also solves "capacity" problem for one convo day when campus = 25K) to at least be exposed to the powerful principles of strategic and responsible money management and eventual Asset Investment in a structured format--(there has to be some entertaining presentation products out there.)


Though most students may tune it out initially, many will, upon graduation, at least know where to go when they realize that it is a necessity if they ever want to be free of working for the "man." Those who kept the books that would be given out would have them available to review. (Perhaps a spin-off is to have the presentation also on the LU website as a public service of learning the essentials of investing and powerful principles in effective money management.)

Just a thought, if you made it this far kudos, we now return you to your regularly scheduled posting.
Last edited by PeterParker on November 21st, 2006, 1:27 am, edited 1 time in total.
By Jasmen8182
Registration Days Posts
#42730
I like the idea. As an alum w/ untapped potential, there are a couple of courses for life prep. that I would've liked to take....
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By PAmedic
Registration Days Posts
#42732
I have discussed a very similar idea here at work- holding staff meetings with all our medics and bringing in financial planners/advisors to help get all the 20-somethings on track. (Or at least help them generate SOME type of financial plan for their life- maybe set up FMA accounts, Roth IRAs, etc.)

Long term investment portfolios notwithstanding, the majority of my employees are WAY over their heads in debt- most as a result of revolving credit accounts gone wild. They have no structure, no plan , and live paycheck to paycheck.

Its a great concept- I'd really like to see that type of program instituted here as well as down on the mt.

My brother, the financial planner for Smith Barney, would as well!

end of public service announcements.
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By PeterParker
Registration Days Posts
#42734
Additionally, the program could be developed in tandem with outside vendor financial education products (so it's not boring) and business professors as well as CFA's and CFP's within Lynchburg as a way to incorporate the local financial business leaders and get them on the campus. This also provides potential hires who are already versed in the principles, from a variety of educational disciplines, for those financial brokers in town who are looking to hire qualified applicants.
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By PAmedic
Registration Days Posts
#42751
you promoting this is nearly as transparent as me lobbying for a new paramedic program/ ALS unit on campus :twisted:

we should both get honorary doctorates in marketing.
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By PeterParker
Registration Days Posts
#42762
Watch your mailbox, maybe they are on the way with a complimentary IPOD. In the interest of full disclosure (like how I did that), I actually work very far removed from the financial industry at the present time; however, it is a burgeoning hobby of mine coupled with the fact that working for the man is becoming less and less appealing every 6 AM wake up call and TPS reports.
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By Sly Fox
Registration Days Posts
#42786
Great Lundberg reset. Where's my stapler? :lol:
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