Young investors learn the value of time at UNO
Eighteen recent high school graduates from the Omaha area attended the Maverick Investment Summer Camp at UNO.
Posted: vie, jul 12, 2013
You have a credit card debt of $30,000. You're making the minimum monthly payment.
(You're actually one of the 18-year-olds in the most recent Maverick Investment Summer Camp at UNO, and you're simulating this scenario on a computer.)
How big will that debt be by the time you're 78?
More than $1 billion.
"You can just see the look on their faces when they realize that – like ‘What?' and ‘How?'" says UNO professor Laura Beal, director of this summer's camp this past June at Mammel Hall.
"These are the ‘a-ha' moments I see – the shock and the surprise that comes across their faces. They smile, and I can see that they're proud to be here."
(See for yourself in the video with this story.)
Eighteen recent high school graduates from the Omaha area attended the camp. Most will enter UNO this fall. This year's camp was made possible by a donation from Union Pacific CEO Jack Koraleski and his wife, Stephanie.
Says Professor Beal: "I tell these young people, ‘You have the benefit of time. You have time on your side.
"Use it to your advantage.'"
Investing in students is a top priority of the Campaign for Nebraska. If you would like to help UNO students like the ones who attended the Maverick Investment Summer Camp, please give to the UNO CBA Financial Literacy Fund or contact the foundation's Sue Kutschkau at 800-432-3216.