FLINT, Michigan — On Saturday, April 9, Madimom Financial Academy will host a financial literacy event for high school athletes aptly called ‘Road to Riches.’ The event will be held at 475 Elite Training, located at 3600 Dort Highway in Flint from 9 a.m. to 3 p.m., with registration beginning at 8 a.m. sharp. The co-hosts for this event are Madimom Academy
and its founder, Flint native Quan Jamison.
‘Road to Riches’ is a one-day interactive-based workshop focused on preparing 100 high school student-athletes on the importance of financial education and discussions around careers, family management, and college readiness. In addition, four breakout sessions moderated by athletes, agents, coaches, and other sports industry professionals from Flint and beyond will be in attendance to provide their insight into financial management and professional sports.
"In the Sports and Entertainment industry, there is no age limit on becoming a millionaire," said Jamison. "Athletes, in particular, have the opportunity to earn large sums of money very early into adulthood. But there's a saying that goes ‘it's not how much money you earn, it's how much money you keep.’ Working with entertainers and athletes, I see firsthand how ill-prepared most are in handling their finances or trusting the right people with it. It's important to properly educate those who have extensive financial resources on how to properly manage their assets. Economic empowerment opens many doors and strengthens our community."
While financial literacy is a necessity in our society, it’s a subject that’s often not taught in the majority of schools in America. However, financial education can start at home at a young age.
"A good way to get young people interested in learning about personal finances is to give them the opportunity to earn and spend money on their own," said Jamison. "Introduce them to this idea and process as early as possible. Many children are curious about how money works, and most certainly love spending it. With a more hands-on approach, lifelong lessons can be learned and habits developed early, ultimately avoiding the pitfalls of poor money management into adulthood.”
Along with financial literacy, the 'Road to Riches' workshop will also address sports-related topics such as the college recruiting process, alternative sports careers, mental health, life after sports, and more that may help build confidence and self-awareness.
“I would like for participants to walk away from this workshop feeling empowered and cared for," said Jamison. "My hope is that they leave with an understanding that there are unlimited options toward success, even beyond the playing field."
For more information and to register for the event, visit: madimom.com/road-to-riches-workshop