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enRICHed Academy
Presented by BCYN
Sponsored by Dominon Lending Centre Casa Mortgage Inc.

Workshop

May 21, 2016

As seen on Dragons’ Den, all five Dragons’ wanted ‘IN’ on EnRICHed Academy due to power of this training and the overwhelming need for financial literacy training for teens and young adults in Canada. Jim Treliving (Boston Pizza Chair) and Bruce Croxon (Lavalife Founder) were both officially signed as EnRICHed Academy spokespeople after months of due diligence and due to their overwhelming belief in this training.
We are excited to announce that along with my colleagues at Dominion Lending Centres Casa Mortgage Inc., we will be hosting a very special event specifically designed to educate young adults (13 - 30), their families and friends on the fundamentals that build wealth in a very entertaining, funny and entirely interactive way!  We hope to see you there!
Location
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What to Expect 

Money

  
  • How money works and where most North Americans are financially
  • Dispelling money myths and misconceptions
  • Why some people, including very high earners, never get around to saving money and how to avoid that pitfall
  

Savings

  
  • How important it is to create the habit of saving money as early in life as possible
  • The power of saving 10% of what you earn or more
  • The magic behind compound interest and how it works
  • How to systemize your savings and where to put your money for maximum wealth building
  

Investments

  
  • Understanding how the stock market works and how to get started investing
  • Understanding how to purchase your first rental property
  • How credit cards, credit scores and credit card interest works
  • What happens if you only make minimum payments or neglect to pay your credit card on time
  • 6 steps to having an A+ credit score
  • What “Good Debt” and “Bad Debt” are and what makes the difference
Why..
are we running this event?
  1. Lack of Savings
     6 out of 10 Canadians live paycheck to paycheck  The yearly savings rate for the average Canadian has dropped from 12% of income in the early 90’s to under 2% today
  2. Debt
     Household debt in Canada has more than doubled in the past 10 years  In the past 20 years, credit card charges have risen from $70 Billion to $2 Trillion; a nearly 3,000% increase!
  3. Students
     84% percent of graduates indicated they needed more education on financial management topics  The average college graduate is $23,186 in debt
  4. System
     A system to educate young adults on money, credit cards & investing doesn’t exist and there is large need for it