Businesses are essential to community economic development because they are such a powerful means for increasing the local pool of skills, experience, wealth, and influence. By interconnecting the expertise, interests, perspective, and resources of the entrepreneur with those of the community, people get a grip on the future of their town, neighborhood, and communities.

 

TaxTalkOnline a for-profit organization is building and maintaining strategic linkages between business and community for teenagers just like other major firms (All-State, Telstra, etc.) Our cause is to support www.Success101forTeens.com which in our belief is helping grow the leaders of tomorrow.

Our mantra is to talk to teens about financial responsibility and create environments where teachers and parents can discuss the financial crisis with their children.

We believe that what younger children need the most is reassurance. Older kids can process more information both in school and at home—though getting the details straight sometimes presents challenges of its own.

  

Our feelings are that Taking advantage of teachable moment don’t have to be limited to AP economics. In history class, students could discuss how the current situation differs from the 1930s and how the Fed has been greasing the skids with credit in order to avoid the mistakes of the Great Depression, when government sucked money out of the system. How President Bush gave our country the largest debt in history and how our 44th president Barak Obama of the United States is moving for change!

 

Our philosophy is that Middle-school teachers could inject financial literacy into social studies by explaining how borrowers overextended themselves on mortgages and credit-card debt. And in math, students could use a compounding calculator to learn how it pays for young people to buy stocks at today’s fire-sale prices.

 

At home, too, parents can use the following strategies to reassure teenagers while giving them a lesson in managing money:

 

We feel we can all bee proactive. Have a plan that teens can participate in. Perhaps they can cover more of their own expenses by taking on more babysitting gigs or mowing more lawns.  Our  thoughts are to be positive and add perspective. Teens and young adults have never experienced a serious economic downturn. They need to know that our resilient economy has always recovered from other crises, and this too shall pass. So let’s all believe we can!

 

 

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