June 20th 2023.
Kevon Chisolm and his 16-year-old son, Kamari, are making waves in the education world with their non-profit, Junior Wallstreeters, Inc. For the fourth year in a row, they are offering online summer camps for children. These camps are great for preventing learning loss, as well as providing a fun environment for students to learn wealth-building concepts with other students who share their interests.
The course, Junior WallStreeters: Empowering Youth with Financial Wellness, is unique in that it teaches students lifelong financial education skills and discipline through 10 lessons with an emphasis on African American history and culture. Kevon comments, “In addition to topics like budgeting, banking, and investing in the stock market, our camp goes beyond others by exploring community wealth building through investment clubs. Our goal is to teach financial education to address the wealth gap by showing young people how to properly use money as a tool.”
Recent calculations by Federal Reserve data show that only 34% of African American households and 24% of Latino households owned any stocks, compared to 61% of white households. Kevon and Kamari believe that one way African Americans and Latinos can address this disparity is by becoming more financially literate at an early age. These camps are not only for African Americans, but all underserved communities.
One student who participated in the camp last summer wrote, “I absolutely loved the Financial Literacy Program with Mr. Chisolm and Ms. Goslee. It has given me some experience with the stock market and showed me new things that will help me as I become an adult. This class is perfect for kids and teens. It teaches you not only about the stock market, but also about African American history, credit and debit cards, and insurance. As someone who never got the chance to learn about insurance in a regular school setting, this made a big impact on me. I look forward to doing more classes like this in the future.”
In addition to the basic financial literacy camp from the last two summers, Junior Wallstreeters is offering the following: 1) Introduction to Cryptocurrency and NFTs; and 2) Advanced Stock Analysis and Advanced Investment Clubs. The financial literacy and investing session is a prerequisite for these advanced sessions.
The schedule for summer 2023 includes the Financial Literacy and Investing Camp held virtually every two weeks for six weeks between June 26th-August 4th, from 10:30am-3:30pm EST with a 1-hour lunch break. The Introduction to Cryptocurrency will be held from July 10th-14th from 10:30-3:30pm EST. The Advanced Stock Analysis and Advanced Investment Clubs Camps will be held July 24th to August 4th from 10:30am-3:30pm EST. Each student that registers for the Introduction to Cryptocurrency and Advanced Stock Analysis summer camps will receive cryptocurrency and a gift card to purchase shares in a company.
The camp is open to students between the ages of 12-21, with a computer and Internet access. The cost of the two-week camp sessions is from $300 to $325. This fee includes an electronic student handbook and daily course access. Junior Wallstreeters have also secured several scholarships for underserved students to attend the financial literacy and investing camps. Kevon asserts, “We want to give as many students the opportunity to obtain a financial education regardless of their parent’s financial situation.” Families interested in obtaining a scholarship to attend the camp should visit the official website for the scholarship application.
This news first appeared on blacknews.com and continues to spread across the country, inspiring more and more underserved communities to take advantage of this unique opportunity and become more financially literate. Junior Wallstreeters is not only teaching valuable lessons about money, but it is also providing a platform for African American history and culture to be celebrated and discussed.
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