Jeremy Logeot, saw that young adults were struggling to make ends meet, let alone plan for a stable financial future. So he decided to do something about it by creating Young Money Savvy. He’s in FLDWRK’s Launch Program and we’re thrilled to share a part of his story! (For the full thing, join him and other purposeful entrepreneurs December 7th at Pitch Night)
What was the problem you saw in the world that prompted you to start Young Money Savvy?
When I was in the financial industry, I used to assist people with life insurance policies and retirement savings. To promote myself, I hosted small events in my home to discuss money. And that’s where I saw first hand how many of my peers were really struggling with financial issues. Many of them were burdened with student loans, or were holding off marriage and a family due to financial restraints. That got me thinking. Why do young people struggle with money so much? Should my peers really have to launch GoFundMe Pages to afford funerals for their family? Or put a financial burden on their loved ones if they get sick? Once I started to see how many of my friends struggled with the topic of money, I knew that just signing them up for a life insurance policy wasn’t enough. They needed more. They needed help and guidance.
What is your mission?
To educate young adults to navigate through their finances and give them tools to feel confident about money.
Why don’t young people talk about money?
I think it’s a combination of things – But mostly shame and a lack of knowledge. Most of my peers don’t want to sound stupid so it’s easier to avoid the conversation. Plus, our culture doesn’t help. We were brought up by baby boomers that had a system that worked. But things have changed drastically. Kids are leaving college with $50,000 or more worth of debt and having to fight for jobs. Most of them aren’t thinking about their long-term finances. They are just trying to pay their bills. But I believe we need to have those tough discussions and instill financial confidence in young adults. We need to teach that financial awareness.
Why did you decide to come into FLDWRK’s Launch Program?
After hosting small events in my home for a while, I decided to launch a bigger conference focused on educating young adults. The first conference was great. Mentors and financial professionals were able to speak to young people about money, and a lot of good things happened. Unfortunately, it didn’t turn a profit and I wasn’t sure what the next step was. That’s when I was invited by a buddy to a Pitch Night at APU. Before I left, I asked my friend if there was ONE person I needed to talk to, who would it be. That person ended up being FLDWRK Co-Founder, Brandon Arbini, who told me all about the Launch Program at FLDWRK. As soon as I spoke to him, I knew that this was the place I needed to be. One week later, I showed up.
What is the most beneficial part of the program for you?
Being in a room of people that understand my vision and support it. There’s something about the collaboration process, that give and take. Anytime I feel down, or I have a bad week, I come in here with a coaching session or a brainstorm session and I’m rejuvenated. That’s something I don’t get anywhere. As far as my company, I’ve been able to build momentum that I’ve never had. During one of the coaching sessions, I came to the realization that producing online content would be the most effective way to reach my peers. From there, FLDWRK has helped me develop a plan to get my message out there, along with membership models for monthly revenue.
How have you felt supported through the process?
It’s one thing to go out there and do things by yourself, but it’s much more effective when you have a team that’s helping you through the motions. That’s what FLDWRK gives me. Now I have a team that propels me. Whether it’s putting a website together, pitching to investors, making online content accessible, or just having the confidence to move forward with partnerships, there is so much I wouldn’t have been able to do without FLDWRK’s support. Actually, a lot of what I learned in this community is what I want to instill in young adults. We need leaders that are equipped with good financial habits and leadership skills.
If you could tell young people one thing, what would it be?
There is hope. That they can be part of something bigger than themselves. Through Young Money Savvy, I really want to empower and inspire young adults to live their best lives. One day, I want people to stand up and give their testimonies at our conferences and be able to share their success with this program. Money doesn’t have be a deterrent from taking action towards your dreams. You can start right now.