DERWOOD – Maryland officials emphasized to Magruder High School students the importance of financial literacy Monday. Math, business, college and career, and finance students attended the seminar. State Comptroller Peter Franchot (D) discusses financial literacy with Academy of Finance students Monday at Magruder High School in Derwood. PHOTO BY JACQUI SOUTH “The single most important […]
DERWOOD – Maryland officials emphasized to Magruder High School students the importance of financial literacy Monday.
Math, business, college and career, and finance students attended the seminar.
“The single most important skill you will develop in your life that leads to personal happiness is going to be financial literacy. No financial literacy, no happiness. Guaranteed,” said state Comptroller Peter Franchot (D).
“It doesn’t mean you have to be rich, but it means you’ve got to have an awareness of how our society works. And what you need to do to accumulate wealth, have a strategy as far as how to be able to provide for yourself,” he added.
Other speakers included state Sen. Cheryl Kagan (D-17) and state Del. Maricé Morales (D-19).
Magruder is not in either representative’s district but both joined Franchot because they said they felt strongly about students understanding financial literacy.
Kagan urged students to make smart financial choices. As an example, she suggested they could build their credit scores by charging a small amount of money each month to one credit card and paying it off the same month.
Morales recommended students surround themselves with people who lift them up and establish their priorities as early as possible.