A 16-year-old student at Greencastle seeks to address the lack of financial literacy among students in his community and beyond. Isaac Hertenstein founded the nonprofit Students Teaching Finance, a program inspired by the lack of financial education at his school and throughout Indiana, which is not one of 13 U.S. states that require a personal finance course. Hertenstein captured national attention as one of five grand prize winners in New Jersey-based Prudential Financial’s (NYSE: PRU) Emerging Visionaries program.
Hertenstein opened up about his mission in an Inside Indiana Business interview with Gerry Dick.
“What I’m trying to do is teach young students fundamental financial topics that can basically sow seeds in them and start the learning process about finance,” Hertenstein said. “So it ranges from something like careers to investing as basic as needs versus wants.”
The program is for students in kindergarten through eighth grade. In addition to classroom instruction, the non-profit organization has launched a website to disseminate its program.
At the Emerging Visionaries program, held at Prudential’s headquarters in New Jersey, Hertenstein won a total of $15,000 for his idea. He said the event was a great opportunity to meet not only other like-minded students, but also many Prudential executives.
Hertenstein says that while he doesn’t envision students teaching finance as a major money-making activity, he has plans for future growth.
“What we’re trying to do is almost change society on a small level and then hopefully expand it to other states, which we’ve already started to do through other high school students teaching this program to their younger peers.”
You can find out more about students teaching finance by clicking here.