In celebration of our companions and the good work they do to advance financial progress for all, we interviewed a few of our Nasdaq Basis quarterly grant recipients about their roles, backgrounds and the significance of their work. We spoke with Joe’Mar Hooper, Chie Govt Officer of third Decade, on its imaginative and prescient to empower younger adults with the data, instruments, and most significantly, the skilled steering they should construct a safer monetary future.
Inform us about 3rd Decade. What’s its core mission?
third Decade is a nationwide nonprofit offering younger adults in and round their “third Decade” of life with free monetary schooling and mentoring to assist them obtain monetary success. Our mission is to vary monetary futures without end, beginning at this time. We do that by way of combining 3 key monetary literacy parts. third Decaders profit from 10 hours of monetary schooling on core matters that younger adults must take management of their funds, together with budgeting, managing debt, constructing credit score, and saving and investing for his or her future. third Decaders are matched with one in every of our devoted volunteer mentors—lots of whom are monetary advisors—who generously provide their time to work with third Decaders by way of a structured, 2-year mentoring relationship. This mentorship helps younger adults set significant targets and construct a long-lasting monetary plan for his or her future. Lastly, third Decaders obtain a $250 matching contribution to a Roth IRA, giving them a head begin on their long-term financial savings journey.
Why is 3rd Decade’s mission so vital?
third Decade’s mission is essential, as younger adults at this time face unprecedented monetary challenges. Over 50% of them live paycheck to paycheck, and 57% of millennials lack fundamental monetary schooling. For the primary time, millennials are incomes lower than their mother and father did on the identical age. Compounding this subject, faculties and households typically fall quick in offering efficient monetary schooling, and social media can generally lead younger individuals astray. Our mission at third Decade is to bridge this hole by providing important monetary schooling and mentorship. We goal to empower younger adults with the data, instruments, and most significantly, the skilled steering they should leverage their most dear asset—time—to allow them to construct a safe monetary future.
What impression are you hoping the Nasdaq Basis’s Quarterly Grant can have on the Monetary Schooling and Mentoring Program’s success?
With the Nasdaq Basis’s Quarterly Grant, we goal to considerably improve the attain and effectiveness of our Monetary Schooling and Mentoring Program. This assist will allow us to proceed increasing our companies nationwide, significantly concentrating on ladies and underrepresented communities, and contribute to closing the gender and racial wealth gaps. Our program has already confirmed impactful, with practically 96% of contributors experiencing a rise of their internet price by a median of over $61,000 throughout the two-year program. By broadening our outreach, we hope to empower much more younger adults with the monetary data and steering they want for long-term success. Partnering with the Nasdaq Basis will probably be instrumental in attaining this formidable objective.
Are you able to share one or two tales that illustrate the impression of threerd Decade?
The spotlight of every quarter as CEO of third Decade is studying the suggestions from our program graduates. That suggestions reveals that we’ve got made a significant distinction within the lives of the over 1,175 younger adults who’ve gone by way of our program. Listed here are just some current testimonials that showcase the profound impression we’re having on their private journeys:
“Earlier than becoming a member of the third Decade program, I used to be struggling to search out my monetary footing after two years of inconsistent work. The dearth of stability left me feeling hopeless, particularly when it got here to managing my funds successfully. I had goals of proudly owning a house and increase emergency financial savings, however I could not appear to make any progress.
Becoming a member of the third Decade program was a turning level for me. It supplied me with the instruments and assets I wanted to lastly get again on monitor. Studying the right way to funds correctly and set achievable monetary targets gave me a newfound sense of confidence and route. I now have a transparent plan in place for saving in direction of my huge targets, and I am decided to make them a actuality.
The assist and steering I’ve obtained from the third Decade program have been invaluable. It has geared up me with the data and expertise essential to navigate the challenges forward, and I am extra ready than ever to sort out no matter comes my manner. Due to this system, I am optimistic concerning the future and excited to proceed my journey in direction of monetary stability and success.“ – Dominique P., 2024 Participant
“As an Indigenous girl rising up on the reservation, I used to be not supplied any sort of monetary literacy which led me to make some poor monetary selections. third Decade gave me the instruments and hope to permit me to try for monetary stability and success.” -Taylor C., 2024 Participant
What’s on the horizon in 2024 for 3rd Decade?
All through the subsequent yr, we plan to proceed increasing the notice of the programming and alternatives we provide as a way to develop our impression and convey monetary schooling to those who want it. A number of the key objects we plan on specializing in embody:
- Strengthening our strategic partnerships as we glance so as to add extra company and non-profit collaborators that perceive our mission and hope to convey our program to the younger adults they each serve and make use of.
- Rising and diversifying the bottom of monetary mentors that volunteer with third Decade.
- Investing internally in capability constructing measures to develop our capacity to not solely serve extra contributors however to serve them in the best and environment friendly method attainable.
- Searching for out new and progressive methods to inform our story and share the impression we’re having with the communities we serve to draw each new program curiosity and elevated assist.
By specializing in these areas, third Decade is assured that we’ll proceed to be effectively positioned to serve those who want our program essentially the most.
In celebration of our companions and the good work they do to advance financial progress for all, we interviewed a few of our Nasdaq Basis quarterly grant recipients about their roles, backgrounds and the significance of their work. We spoke with Joe’Mar Hooper, Chie Govt Officer of third Decade, on its imaginative and prescient to empower younger adults with the data, instruments, and most significantly, the skilled steering they should construct a safer monetary future.
Inform us about 3rd Decade. What’s its core mission?
third Decade is a nationwide nonprofit offering younger adults in and round their “third Decade” of life with free monetary schooling and mentoring to assist them obtain monetary success. Our mission is to vary monetary futures without end, beginning at this time. We do that by way of combining 3 key monetary literacy parts. third Decaders profit from 10 hours of monetary schooling on core matters that younger adults must take management of their funds, together with budgeting, managing debt, constructing credit score, and saving and investing for his or her future. third Decaders are matched with one in every of our devoted volunteer mentors—lots of whom are monetary advisors—who generously provide their time to work with third Decaders by way of a structured, 2-year mentoring relationship. This mentorship helps younger adults set significant targets and construct a long-lasting monetary plan for his or her future. Lastly, third Decaders obtain a $250 matching contribution to a Roth IRA, giving them a head begin on their long-term financial savings journey.
Why is 3rd Decade’s mission so vital?
third Decade’s mission is essential, as younger adults at this time face unprecedented monetary challenges. Over 50% of them live paycheck to paycheck, and 57% of millennials lack fundamental monetary schooling. For the primary time, millennials are incomes lower than their mother and father did on the identical age. Compounding this subject, faculties and households typically fall quick in offering efficient monetary schooling, and social media can generally lead younger individuals astray. Our mission at third Decade is to bridge this hole by providing important monetary schooling and mentorship. We goal to empower younger adults with the data, instruments, and most significantly, the skilled steering they should leverage their most dear asset—time—to allow them to construct a safe monetary future.
What impression are you hoping the Nasdaq Basis’s Quarterly Grant can have on the Monetary Schooling and Mentoring Program’s success?
With the Nasdaq Basis’s Quarterly Grant, we goal to considerably improve the attain and effectiveness of our Monetary Schooling and Mentoring Program. This assist will allow us to proceed increasing our companies nationwide, significantly concentrating on ladies and underrepresented communities, and contribute to closing the gender and racial wealth gaps. Our program has already confirmed impactful, with practically 96% of contributors experiencing a rise of their internet price by a median of over $61,000 throughout the two-year program. By broadening our outreach, we hope to empower much more younger adults with the monetary data and steering they want for long-term success. Partnering with the Nasdaq Basis will probably be instrumental in attaining this formidable objective.
Are you able to share one or two tales that illustrate the impression of threerd Decade?
The spotlight of every quarter as CEO of third Decade is studying the suggestions from our program graduates. That suggestions reveals that we’ve got made a significant distinction within the lives of the over 1,175 younger adults who’ve gone by way of our program. Listed here are just some current testimonials that showcase the profound impression we’re having on their private journeys:
“Earlier than becoming a member of the third Decade program, I used to be struggling to search out my monetary footing after two years of inconsistent work. The dearth of stability left me feeling hopeless, particularly when it got here to managing my funds successfully. I had goals of proudly owning a house and increase emergency financial savings, however I could not appear to make any progress.
Becoming a member of the third Decade program was a turning level for me. It supplied me with the instruments and assets I wanted to lastly get again on monitor. Studying the right way to funds correctly and set achievable monetary targets gave me a newfound sense of confidence and route. I now have a transparent plan in place for saving in direction of my huge targets, and I am decided to make them a actuality.
The assist and steering I’ve obtained from the third Decade program have been invaluable. It has geared up me with the data and expertise essential to navigate the challenges forward, and I am extra ready than ever to sort out no matter comes my manner. Due to this system, I am optimistic concerning the future and excited to proceed my journey in direction of monetary stability and success.“ – Dominique P., 2024 Participant
“As an Indigenous girl rising up on the reservation, I used to be not supplied any sort of monetary literacy which led me to make some poor monetary selections. third Decade gave me the instruments and hope to permit me to try for monetary stability and success.” -Taylor C., 2024 Participant
What’s on the horizon in 2024 for 3rd Decade?
All through the subsequent yr, we plan to proceed increasing the notice of the programming and alternatives we provide as a way to develop our impression and convey monetary schooling to those who want it. A number of the key objects we plan on specializing in embody:
- Strengthening our strategic partnerships as we glance so as to add extra company and non-profit collaborators that perceive our mission and hope to convey our program to the younger adults they each serve and make use of.
- Rising and diversifying the bottom of monetary mentors that volunteer with third Decade.
- Investing internally in capability constructing measures to develop our capacity to not solely serve extra contributors however to serve them in the best and environment friendly method attainable.
- Searching for out new and progressive methods to inform our story and share the impression we’re having with the communities we serve to draw each new program curiosity and elevated assist.
By specializing in these areas, third Decade is assured that we’ll proceed to be effectively positioned to serve those who want our program essentially the most.
