MEMPHIS, Tenn. — A financial literacy instructor is on a mission to show kids they can become millionaires by the time they are 50 years old if they follow simple steps.
Orlando McKay says if you start doing this from 18 to 65 years old, in 47 years, your investment could be more than four million dollars.
He is teaching the financial literacy course at Pursuit of God Church at the SLAM Academy summer camp for disadvantaged youth.
“What ends up happening, you take a kid that’s been told by the system, you can’t win, you live in this neighborhood, you’re at this background you can’t win and I immediately blow that up on the first day and say every kid in here can win and if you’re all not millionaires by the time you’re my age, you didn’t make good choices,” McKay said.
Jahyne Johnson, a junior at Vanderbilt, started attending financial literacy courses in the 5th grade. Johnson, who now saves $300 dollars a month, is set to become a millionaire at 50.
“As a chemistry major, when I get out of college, I think I’ll probably start off around $50,000 and like Mr. Orlando said, 15 percent, take that out and make smart decisions,” Johnson said. “When he told me you can be a millionaire by the age of 50, I didn’t believe him, We started running numbers for managers at McDonald’s and I was like if I’m about to become a chemist maybe I can do it too.”
To learn more about those financial literacy courses being offered at a summer camp, email email@example.com or call 901-378-3251.
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