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Profile
on Sabrina Lamb
Source: eINfoNews.com Sabrina Lamb works with Young people to insure a better financial future our Future Generations.
Profile
and Interview by Kamau Austin
From a distance I've always admired Sabrina Lamb. I've seen her on cable/television talking about financial matters and teaching financial literacy to children.
I can't help but wonder what I would have been able to accomplish in life if I had met a Sabrina Lamb when I was younger? My mom and dad were great people however investments wasn't something they talked about.
They taught me to work hard, go to school/college, get a good job, and buy a house. They did encourage saving. But investing and the amazing thing called compound interest wasn't explained to me.
I am sure many of you can relate to this. And we can't underestimate the importance of teaching children about business and investments enough. It's important to teach children these life skills early.
I remember my dad (a man before his time) a College educated man with a Master's Degree - "way back when." He was a visionary looking ahead for his children (especially, when you consider even now we have more Black men in prison than college).
He would buy and make sure the magazine Popular Mechanics was in the home. I guess there's no wonder I'm in technology now. He would also take me, at only 16 years of age, to a meeting of Black entrepreneurs and professionals called Self Motivation Institute (SMI). SMI was run by Black entrepreneur named Larry Lucas. Mr. Lucas owned a chain of Dry Cleaners.
More importantly, I was the only teenager at the meetings. But the adults encouraged me to get up and speak like all the other entrepreneurs and professionals in front of the audience.
My knees would shake. I would sweat and my voice would tremor. But the adults would get up and clap for me and my efforts. An inner voice would tell me to keep going and speaking. I wondered what the hell could I possibly have to say to these successful adults.
Eventually I conquered my fear of public speaking. This is a skill that would serve me well as an activist, teacher, and in other professions over the years. Actually, in my life time I've generated well into the six-figures speaking at events over the years. But this isn't about me...
I only use my life to illustrate that training in financial literacy, business, and other skills are invaluable and we should support visionaries like Sabrina Lamb. Just like I'm in business and technology now inspired by my parents and special entrepreneurial training our next generation can become millionaires who then have a greater ability to give back financially to our communities in the future.
I'm sure with training like what Sabrina is doing now I would have made millions in investing starting from a child.
You know we talk the talk but can we walk the walk? All it takes are donations of time and small amounts of cash to fund our future leaders. Let's support Sabrina Lamb and World of Money in their tireless efforts to build a solid financial footing for our young people.
Let's learn more about Sabrina and the tremendous work she's doing. I was able to get her to share a little with me in the following Interview.
The Interview
Kamau: Hey Sabrina thank your for doing this Interview. Can you tell us a little about your organization and what is your mission?
Sabrina: WorldofMoney.org Since 2005, the WorldofMoney.org Summer Youth Financial Education Training Institute has guided under-served youth from the New York City Tri-State area through a Money Track curriculum.
Subject areas include: wealth consciousness, money creation, disciplined savings, stock market investment, bank accounts, real estate investing, mutual funds, credit, mortgages, house-hunting, IRA, business etiquette et al.
Kamau: Sabrina can you tell us a little bit about your background, like where you grew up and went to school?
Sabrina: Although, Opa Locka, Florida (a part of Miami) is my family home, I am the proverbial Army brat. Thus, we have lived and traveled around the world. I attended schools throughout the United States, but graduated from Lincoln University (PA) and attended St. John's University School of Law.
Kamau: How did you become interested in personal finance and investing?
Sabrina: I became interested in personal finance from my own desire to empower myself. I am amazed how many people avoid confronting their relationship with money and avoid transferring a financial legacy to their descendants.
Kamau: Sabrina at what point in your life did you decide you wanted to become an entrepreneur?
Sabrina: I never made that choice. My intent has always been to serve, encourage and empower. With FlirtingTime.com, I was determined to connect progressive-minded singles and as a result it became a business.
Kamau: Sabrina when did you develop the passion and purpose to teach young people to invest in their financial future?
Sabrina: My adult life has been dedicated to volunteerism with young people, either through nurturing abandoned babies at Harlem Hospital, mentoring at the The Valley (now defunct). I am eternal young person and have always had abiding relationships with them.
It is my duty and that of all adults to encourage and guide young people.
Kamau: What are some of the techniques you use to teach young people to take investing seriously?
Sabrina:
1) Never dumb down the material;
2) Link the material to daily life;
3) Connect the dots between academic excellence plus financial education and philanthropy;
Encouraging youth to be a financial team leaders in their families.
Kamau: How effective has the Internet and Facebook been in helping you to promote your nonprofit organization?
Sabrina: Facebook and the Internet add another audience. Thus, I believe that it is an additional source of media exposure.
Kamau: What makes your youth organization so unique or successful in contrast to other youth groups?
Sabrina: Show me an adult who struggles with money and I'll show you an adult who was never taught about the world of money as a child. If a young person is not taught early about how to have a healthy relationship with money, he/she may struggle with their very survival.
Since 2005, the WorldofMoney.org outcome measurements have ranked in the 90 percentile in the areas of:
1) testing;
2) homework;
3) youth saving, investing and excelling academically as well as entering (where applicable) colleges, universities or boarding schools.
Kamau: What was the defining moment or turn point in your business career when you knew you wanted to change gears and become a founder of an organization which stresses financial literacy for young people?
Sabrina: Sometimes in life you get a whisper and since 2005, I have been led to empower youth, ages 12-18 with financial education as well as creating a Youth Business School.
However, I have two other professional lives, that as a media commentator and published author (Kettle of Vultures, Simon & Schuster/Strebor-Oct. 2010) and another title due out in April 2011.
Kamau: What type of young person would your organization be good for or are there certain characteristics a child should have to attend your program?
Sabrina: We maintain high standards of conduct at the WorldofMoney.org Youth Financial Education Institute. Youth must be punctual or pay $.25 cents per minute late; positive attitude and behave well, as we have zero tolerance for negative behavior from parents or youth.
Kamau: What are your top 3 or 4 suggestions for young people and their parents who want to build a solid financial future?
Sabrina:
1) Meet with parents to discuss their household expenses. Then visit lowermybills.com to find how their families can lower expenses;
2) Save 20% of whatever monies they received;
3) Open a bank account that pays the highest compound interest rate. Consult with bankrate.com to find best bank for highest compound interest rate;
4) Donate: Create value in their communities. Learn. Earn. Save. Invest. Donate.
Kamau: You have a special event coming up soon don't you?
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