WHAT WE DO:
FinancialLiteracyQuiz.com is the passionate creation of entrepreneur and financial literacy author, Braun Mincher. Launched at the end of 2007, FinancialLiteracyQuiz.com contains 50+ multiple-choice questions that pertain to all aspects of personal finance that are relevant to consumers - credit and banking, real estate and mortgages, car buying, insurance, taxes, and investing and saving for the future.
The intent of FinancialLiteracyQuiz.com is to show consumers of all ages, education and income levels what they do and do not know about personal finance in a confidential and non-threatening way. Those who cannot "pass" the quiz with a score of at least 75 percent should use it as a "wake up call" to seek out additional financial education. "Take a class, attend a seminar, read a personal finance book or get coaching from a trusted advisor," says Mincher of those who are not able to "pass" his quiz.
Similar to the results of the biennial survey that the Jump$tart Coalition administers to high school students, FinancialLiteracyQuiz.com recently released its quarterly statistics showing an average national score of just 56.84 percent. The shocking but not surprising results show that less than a third of the people can define "APR" and only 38 percent know what the current "Prime Rate" is in the U.S., although it affects everything from credit card interest rates to car loans to home equity lines of credit. Click here for a complete copy of the press release with detailed findings.
WHAT WE OFFER:
Financial Literacy Quiz
As described above, the signature offering of BraunMincher.com is FinancialLiteracyQuiz.com, where consumers of any age can test their own knowledge of personal finance. What's your score? Take the quiz now to find out and then share it with your friends.
Challenge to Schools
Entrepreneur and financial literacy author, Braun Mincher, has undertaken a personal initiative to make the completion of a semester-long "Financial Literacy" class a high school graduation requirement, just like math, English, science, etc. To further this goal he has issued a national "challenge" to schools wherein he will provide the books, curriculum and other financial assistance in exchange for high schools mandating such classes. Click here to read the complete "challenge" letter with details.
New Book - The Secrets of Money: A Guide for Everyone on Practical Financial Literacy
After being in the position to "retire" several years ago at the age of 30, entrepreneur Braun Mincher wanted to do something to address the "Financial Illiteracy Epidemic" that is sweeping the nation, so he recently wrote and published a comprehensive "encyclopedia of personal finance" entitled The Secrets of Money: A Guide for Everyone on Practical Financial Literacy.
One needs to look no further than the media headlines about the "Foreclosure Crisis," "Stock Market Meltdown" or "Looming Recession" to see that there is a serious problem affecting this country. When we look at the root cause of these issues, regardless of age, education or income, we as consumers rarely receive any type of financial education. Consequently, doctors and lawyers make the same financial mistakes as homeless people.
Additional information about this book is available through the Jump$tart Clearinghouse, bookstores nationwide or by going to www.BraunMincher.com. In addition, the publisher will provide a free copy to needy individuals who write a letter explaining their situation and how this financial education will benefit them.
WHAT WE NEED:
The importance of teaching financial literacy needs the same awareness that has been created for the dangers of smoking, childhood obesity, wearing sunscreen, breast cancer and lots of similar causes. Talk to you kids. Talk to their schools. Talk to your friends. Talk to you lawmakers. Talk to the media. Talk to anyone who will listen about Financial Literacy. The point is very simple, if people cannot "pass" the quiz at FinancialLiteracyQuiz.com, they need to get additional financial education. It would be great if consumers would accept personal responsibility for their own financial education, but until this happens, the country must integrate financial literacy into the school system.
Jump$tart Coalition for Personal Financial Literacy