Please stand by for realtime captions.
------------------------------------------------------------------------
We will be getting started in just a moment.
------------------------------------------------------------------------
I think it is time to get started.
------------------------------------------------------------------------
Miranda, can you hear me okay?
------------------------------------------------------------------------
Yes, I can hear you great. Thanks, Laura.
------------------------------------------------------------------------
Great. Hello, everyone. This is Laura Gleneck with the Technical
Assistance team. Our team serves as a national training and assistance
to the disability program Navigator initiative. I am going to serve as
your host for this two part webinar series on asset Development basics
and strategies. I love that. I want to start by thanking you for joining
us for Part 1 of this series, which is going to provide you with an
overview of the basics of assets and asset developments. And then part
two, which we hope all of you will join us for, which will take place
Thursday, February 18th. It is going to build upon what we learned today
and provide different strategies and resources. I think we would all
agree that is something we need to know about. During today's' session,
my colleagues, Miranda Kennedy and DJ Diamond, are going to help us
learn about assets and asset Development and why they are important to
people with disabilities, discuss ways to save and build assets through
financial literacy and edification, and of course discuss how I
navigator can serve as a resource at the community level. Many of you
may already be doing this. If so, we hope to hear from you during the
question and answer session. And the cool thing is that throughout
today's presentation and also during part two, we are going to be
introducing the new 30-second training on asset development. Before we
get started, we always like to address a few logistical details to make
sure we are all accessing both audio and whether portions of our webinar
platform so we can get the most out of today's presentation. With that,
if you have any documents open on your desktop, such as Internet sites
or perhaps outlook or other email, we really recommend that you close
these applications down. They will help you as you watch the
presentation. They would present a delay in the way you see the webinar.
This is especially going to be important when the presenter shares the
desktop and you view the 32nd Training. Two, if you have any technical
difficulties at any point during today's webinar, we want you to call
the WebEx support technician. I am going to give you that 800 number. It
is also included in the chat section. This is a toll-free number.
86686339 0four. That is if you have any technical difficulties at all.
You're going to see in the lower right-hand corner of your screen, we
have closed captioning available in of the media out of the war. You can
close this window down if you do not want to see this by minimizing the
multimedia window, or you can make the multimedia window with so close
captioning larger by minimizing the windows about it. That would be the
chat, Q&A, and a panelist windows.
------------------------------------------------------------------------
As we leave power points to share presentations, you will continue to
see close captioning on the right-hand side of your screen if that is
applicable. As with all of our webinars, it is being recorded. Along
with any power points, supporting materials, and transcripts, they will
be posted to the DT Navigator page after we of the Part 2 session taking
place on Thursday. Finally, this webinar has both a web and audio
connection. Just because you see the webinar on your screen and you hear
me speaking on your phone, it doesn't necessarily mean that you are
connected properly to the audio portion. In many cases, we see that many
of you may not be connected to the audio portion. During question and
answer time, it makes it a little difficult for you to interact with us.
If you didn't follow the three steps that are listed on the screen in
front of you to connect, we are going to pause for a few minutes and ask
you to take a moment to follow the directions. So, you can keep your Web
portion up, keep your screen on. All you need to do is just hang up your
telephone, dialed back in, and follow the three steps that are listed on
the screen. That will allow you to connect to the audio portion. As I
said, I am going to pause and give you an opportunity to do so.
------------------------------------------------------------------------
You'll have another menu that comes up that will give you the option of
clicking joint teleconference. Once a Miranda and DJ have completed
their presentations, we are When to take some time for questions and
answers. I was shared with you at that time how to raise your hand to
open your phone line or to submit those questions in writing using the
question and answer panel. Until that time, all of you are going to be
on mute. However, we do want this to be pretty interactive. If you have
any questions or comments while mine and Andy J go through the
presentation, you should feel free to either -- Miranda and DJ go
through the presentation, you should feel free to either type in the
question or [ indiscernible ]. With that, I think we are going to get
this training started. I am going to hand a first over to DJ. DJ.
------------------------------------------------------------------------
Thanks, Laura. Good afternoon to many of you. Good morning to some of
you. Welcome. We are glad that you could all join us today. As Laura
mentioned, we are going to talk about asset development. Hopefully, it
is a term you have learned before. If not, you'll hear a lot today and
on Thursday. We are going to talk about what asset Development is and
why it is important and what some of these assets developments are. We
will talk about ways to save and build assets and strategies to do so.
We are going to talk about the DPN in all of that. If Miranda wants to
pass me the ball, I will go ahead and flipped us to the next slide. In
order to talk about asset Development, one of the things we need to edit
firm grasp of is understanding what it means for a person with a
disability as it relates to poverty. The first thing we are going to do
is talk about some of those dreaded statistics. I will try to get
through some of these as quickly as possible as to not bore all of you.
It is important that you understand how disability and poverty are
pretty and explicitly linked. Just looking at this one, this graph here
and what the statistics are saying. In 2007, 2087 -- 28.6% of men and
women with a work limitation or disability between ages of 18 and 64
live in families with incomes before the copper -- below the poverty
line. That is pretty staggering. When you look at that, it really breaks
it down to about one in four people. That is pretty disproportionate and
not something we want to see. What else do we know? According to a
National Organization on disability report in 1996 -- now, we know that
some of these are older but we are also providing updated stuff below.
And we think is key to look at where we were and where we are now. One
out of three lived in a very low income household as opposed to out, one
out of every eight. In 2007, median income of households was $38,400
compared to $61,000 of households of people that did not have people
with disabilities of working age. $22,600. That is a pretty large
difference. And not something that is okay. According to 1996 report, it
was about $0.72 on the dollar that a person with a disability would earn
as opposed to their non disabled counterpart. $0.72, so for every dollar
that someone without a disability is earning, someone with a disability
is earning $0.72. Now we are seeing the statistics. We'll gut -- largely
people with disabilities are affected when it comes to the standard of
living and their classes. Lack of money is a serious problem among 68
percent of people with disabilities. A lot of money is a serious problem
for a lot of people, but it is disproportionately larger with people
with disabilities. 39 percent of people with disabilities said that the
lack of financial resources is the most serious problem they face. That
is pretty large. And the statistics, public assistance represents 59% of
the total income of people with disabilities. Where it only represents
87 of people with a total income of people who have no disabilities.
When you look for the disability population, 59% of the disability
population is relying on public assistance. That is huge.
------------------------------------------------------------------------
Again, 87 persons with disabilities have no net assets. What does that
mean? 80% of people have nothing on paper to said that they own it. This
creates a large problem. Whether it is access to quality education or
access to getting effective transition Services or whether it is access
to needed transportation, housing, technology, or long-term support,
people with disabilities are not getting access to this. That means that
they're going to enter property. Enduring poverty and lack of economic
empowerment diminishes choices and quality of life within one's
community. It is the one thing that will diminish freedom, opportunity,
and self-determination. Without economic empowerment, one's ability to
participate within the community and have more choices is limited. That
is something that we really want to change. Assets and asset
Development, what are they? Why are they important? Well, I started to
kind of give you a little piece of that. Format as we were and in those
last disability and statistics slides, but we want to talk more in depth
about that. What are asset? Examples of assets could be things like
money you have in the bank, cash that you have on hand, securities or
shares, mutual-fund HR retirement accounts. An asset could be property
that you own. An asset could be owner equity that you have in a home or
business. Maybe you don't simply own it but you have part of it, you
could own equity that way. Assets could be things like furniture and
appliance, miscellaneous items, cars, et cetera. A caveat to those
things, I just want to make this real clear, in terms of counting assets
for income eligibility for specific programs or for supplemental
Security, furniture and appliances and miscellaneous items are not
counted as assets. Keep that in mind. But they are still an example of
something someone could oh, has value. That is essentially what an asset
is. That is why we give those examples. Another example and one of the
most largely forgotten assets that people don't necessarily eat readily
think about is one's educational level or work experience. The breeze
and we talk about education level and work experience as being an asset
is because those increase your earning potential. By increasing earning
potential, you are able to make more money and therefore save more
money. Money that you have in the bank, again, is an asset. Being able
to draw out on your education level or drop out of your work experience
and get a good job, that is why we consider education level and work
experience as an asset.
------------------------------------------------------------------------
So, the $64 million question is, what is asset Development? Well, the
way that we put it is it is a series of strategies that has the
potential to help people with disabilities improve their economic
status, expand their opportunities for community participation, and
positively impact the quality of life experience. I started to touch on
that at the end of the statistics slide, but here it is kind of wrapped
up in a nutshell for you. When we talk about asset development, we talk
about helping people with disabilities improve economic status, be
self-sufficient, and ultimately expanding the opportunities to
participate and be part of the community. Therefore, with more choices
and more opportunities to participate and be part of the community, that
positively impact the quality of life. So, why is income preservation
and asset Development important? As we said, ultimately, it is about
improving the quality of life and by allowing choices. It to a person
with a disability, saving money and developing assets produced choices
that directly have the ability to impact the quality of life. This is
really important, especially when we look at one's mental and physical
health. I think we can relate to the fact that when you have financial
stress, your mental and physical health is not always the best.
Financial stress can negatively impact you. Positive self -- ultimately,
the other thing it does is change as the expectations of stakeholders.
That is one of the things we are out to do. Help communities
stakeholders understand and create a paradigm. People with disabilities
can't work, can't do anything. All their needs are met from public
assistance to the shift of believing that, hey, people with disabilities
can be working, should be working, and they want to work. They want to
earn money and have the same things that people with disabilities have.
Those are the reasons that asset development is important. We are going
to talk about some myths and facts here.
------------------------------------------------------------------------
Myth number one, people with disabilities are unable to work. Yeah, I
think we all know that as navigators that is totally false. Otherwise he
would not be in a position you are in. People with disabilities have all
their needs met by their special programs. Again, the very point of
being a navigator so we can kind of try to blend and breed these
programs together to help people with disabilities get work. All of
these programs have holes. There are gaps in the services. That is what
we're trying to do as navigators, blend in. and abrade -- people with
disabilities cannot be expected to save and build assets. This is
probably the largest missed you will face whenever it comes to asset
development. This is such a huge mess out there. Most of it has to do
with the fact that people with disabilities are told they can't save and
build asset because they are relying upon public benefits like Medicaid
to meet the needs of their medical care, et cetera. People with
disabilities wanted better economic future. They're starting businesses
and becoming homeowners.
------------------------------------------------------------------------
So, there are some tools for DPNs to use. Noranda, do you want to tell
us more about those?
------------------------------------------------------------------------
I would love to tell everyone about these. We are very excited. We know
many of you -- hopefully, I think probably all of you have experienced
some of the 30-second trainings before. If you haven't, this will be a
fun experience. These are great tool. Simple, short, fun, easy for you
to use. We have gotten great response rates from your staff and partners
who have view benefited from the 30-second trainings. Now we have 20 of
them. That is right. Not five, not ten, 20 30-second Trainings. These
are a little different than the previous 30-second trainings. The
previous ones were really mostly directed to your staff, your partners.
In the case of like the ending, the disability Employment awareness
month, some of those were focused toward employers. These are targeted
toward individuals with disabilities. It requires you a little different
process to get these out and you may have used in the past. For
instance, in the past your staff and partners I have received these and
forwarded them on in the business community and what have you. This time
we're really hoping that with some of you, you might yourself have
contact with individuals that you come into contact with. Your one stops
staff and partners might have lists of consumers, customers with
disabilities, individuals who would benefit from receiving them. You
could certainly share them with other organizations and have them share
them. We are all about spreading the wealth. These things are not
copyrighted. Although, we want to make sure we have your contact
information on the last page, which is why is so keen that we are
sharing of the information today and on Thursday with all of you so that
you are comfortable and familiar with the information. When someone
calls up and contact you and asks you a question, you can give them more
information. What we are really hoping to do with the 30-second
trainings, and the way they have been developed is to promote and
reinforce information that you're maybe getting out in other ways. This
certainly can be a one time, one use 30-second training. It is more
healthful than nothing. We know people are certainly pressed for time,
which is why the 32nd concept has taken off like a house on fire. If
you're doing other workshops, getting more information, it if you're
having money smart -- maybe you are involved with the real economic
impact to our activities. So many of you out there have been essential
and a pivotal part of that initiative. If you're doing those kinds of
things, these 32nd -- 30-second trainings can augment. We encourage you
to use them as a precursor to introduce training coming up and give them
a taste of what is coming or as an after the event to reinforce some
information. The secondary benefit, and this will make sense and a
second when I show you the next slide, is that the advanced training as
-- we have both basic and advanced training said. The advanced trains
can be brutally helpful for your staff and partners to learn details
about asset development and what it means for individuals with
disabilities. I am going to take us to the next slide here. On this
slide, this is a lot of information. I am not going to read it all to
you. This is the breakdown of the questions, the 20 questions that are
being addressed on the 30-second trainings. You of the basic and
advanced questions of one through ten. Basic things. What is a savings
account? What is an effective way to save money? You can see these are
not targeted to staff and partners. And the ones on the right, you know,
what is the earned income tax credit? What is IDA? Is their financial
literacy curriculum that can be offered in the one stop?
------------------------------------------------------------------------
These types of things might certainly benefit its staff and partners to
know about. You want to be cognizant of that when you are sending them
out and how you are sending these out. I would really suggest, you know,
getting your staff who has witnessed and hopefully been on the receiving
end and benefited from 30-second trainings directed toward them that you
get them to collaborate with you to send these out. He would have to
share the information with them, but the idea would be to get them to
help you spread these out to those individuals in the community who
would benefit from the information. I am actually going to go ahead
right now, and I am going to unmute a line.
------------------------------------------------------------------------
We are going to show everyone one of these trains as an example.
------------------------------------------------------------------------
And how smart I am.
------------------------------------------------------------------------
Okay. What I am going to do right not share my desktop with you. What we
are going to do is -- I am going to share my desktop. Is going to show
the 30-second training itself. We are just when to walk through it. I am
also going to get close my speaker so that those of you who can hear
this can benefit. All right. I does want you to know, DJ and I are
singing back up.
------------------------------------------------------------------------
[ laughter ]
------------------------------------------------------------------------
Grab that cash with both hands and make is. We have a lot of fun. That
song is totally in our head. Good day. This is your 30-second training.
Enjoy. Okay, Arlys. Are you ready?
------------------------------------------------------------------------
I am ready. Some of what is asset the bombing, and why is it important
to people with low incomes? Asset the Allman is a series of strategies
that can help people improve their economic status, or saving money in
developing asset will directly impact quality of life, or both of the
above. All right, Arlys.
------------------------------------------------------------------------
Strategies are really tough for me, so I am going to go with the second
one.
------------------------------------------------------------------------
Okay. Saving money in developing assets. Let's check that out. Oh, what
does it say, Arlys?
------------------------------------------------------------------------
This explains why asset development is important and not what asset
development is. There's a better answer. Please try.
------------------------------------------------------------------------
Okay. Let's go ahead and try again. I guess I have to go for the
strategies. Snack okay. Asset development is a series of strategies.
------------------------------------------------------------------------
Okay. Let's check that out.
------------------------------------------------------------------------
Close but not quite.
------------------------------------------------------------------------
Can you go ahead and read that to me?
------------------------------------------------------------------------
Asset development is a strategy included -- [ inaudible ] certain
favorable tax credits and Medicaid by and programs, strong benefits
planning, and a sound knowledge of financial literacy. This answer tells
us what asset development is but not why it's important. Please try again.
------------------------------------------------------------------------
All right. What do you think?
------------------------------------------------------------------------
Let's go for the third and final answer.
------------------------------------------------------------------------
All right. So, you hear the money changing. All right. You are correct,
Arlys. Go ahead and tell us what it means to be correct here. What it
means is I should follow my first boss' role of always [ inaudible ].
------------------------------------------------------------------------
I have to read all of this? Assets development is a series of strategies
that has the potential to help people with low incomes improve their
economic status. It is important because it produces choices that
directly impact quality of life, especially regarding mental and
physical of. It promotes a positive self concept and a greater level of
community participation, as well as changes expectations and status with
other community stakeholders. To learn more about the importance of
asset development for individuals with low incomes, visit this website.
------------------------------------------------------------------------
One of my questions that I do volunteer with Minnesota accountability.
Of course, they are just will income. They do not necessarily have
disabilities. I was thinking of taking a list of people who might want
to hear more about this.
------------------------------------------------------------------------
The other thing to think about is this is not a specific targeted
demographic. It is part of every demographic. People with low incomes,
absolutely, there are probably with disabilities who have low income and
probably disproportionately so. It is really good for any demographic.
You should not limit it to people you know have disclosed a disability.
It is great information for people across the spectrum just to be aware
of. And it is helpful for people without disabilities also. You can see
on the last slide that there is room for each of you to put your own
contact information, your phone number, email address so people can
contact you. Now, I am going to take us all back. I am going to get out
of this desktop share here. We also have -- let's see. We have
directions for folks on how to input your own information. Actually, I
am going to take back to the desktop share for just a second. Thank you
so much, Arlys, for playing. It was nice to hear your voice. Simic it
was fun.
------------------------------------------------------------------------
Good, I am glad. It should not be painful. It should be fun. Here on the
last slide I am covering, you might be curious, where can you go to get
this series of 20 asset development 30-second trainings? Right here you
have a website. I am actually going to go ahead -- let's see. I am going
to show you how to get on that real quick. I am going to do a quick
desktop share again. We are going to go on. For those of you may be
underutilized this, is a very easy -- shoot. I am just going to take you
here real quick with me. There are a couple places you can find this.
You can get on it by clicking on the training button, and there is a
shortcut to access the 30-second trainings. You've all of them. And the
asset development series is right here at the bottom. Click on that. It
tells you what the series is all about. You have access to all of the
30-second trainings. And there are thank you versions I want to tell you
about quick. There is a version with sound and without sound. And
there's a document on how to make them your own. So, when you see the
without sound version, that is a shorter files. Especially for those of
you that maybe live in cubicle land, maybe don't want the sound coming
through. You might want to choose the one without sound, although we
recommend if it is a Friday or if there are folks who may be what little
levity in their day, the sounds can be kind of funny. With that, I am
going to go ahead and hand the ball back to DJ. I look forward to
sharing some more of these throughout today and next Thursday. DJ.
------------------------------------------------------------------------
Thanks, Brenda. Thanks for showing everyone -- thanks, Miranda. Thanks
for showing everyone. In addition to the asset development ones you saw,
all the other series also. You might want to take a look at those as
well. One of the things I was talking about before we handed off to
Miranda to share one of those with us was the importance of changing
public attitudes. The last myths regarding people with disabilities not
wanting to work and that they shouldn't work and that they shouldn't say
if, one of the things that is really the focus of asset development with
this abilities is changing public attitudes. The way we change public
attitude is true knowledge. Knowledge is power. One of the ways to help
the public, and not only the public but also disability service
providers, you find you might run into them. One of the largest ways to
help people understand this or help people understand the importance of
[ indiscernible ] is through increasing financial literacy. Many people
with disabilities, and not only people with disabilities but many people
without disabilities, lack the basic understanding of finances. They are
afraid to ask those questions. People with disabilities are afraid due
to income eligibility and asset limits. That was what I was talking
about earlier. Kind of understanding this paradigm that we need to move
from having people being afraid to learning how there are different
strategies. We will talk about the strategies on Thursday. It is
essential for people to understand that the basic financial principles
associated with economically self-sufficient in the way to do that is
through financial education. I will tell all of you from a personal
standpoint, I wished I would of had a sound financial literacy or some
type of financial education as I was growing up. It was one of those and
that people did not talk about. You didn't really learn about it. I
think that is still the case. Although, many states are starting to
change. This is really, really a crucial component to open people be
able to save and build assets. Financial literacy and education, like
asset, some different strategies to save and build assets.
------------------------------------------------------------------------
When we talk about financial literacy, what are -- you know, we're
talking about the basic principles of understanding concepts of Finance
says and what it means to say and what it means to spend in what credit
is. A lot of those things in the first half of those 30-second
trainings. As we look of the list of 20, and Miranda did a good job of
distinguishing saying, this is not so much about partners but for
individuals. Also, all sorts of individuals. It can apply to a
cross-section. Some of you may have been looking at that was going, what
is a savings account? What does it mean to balance a checkbook? Those
are really basic. They may seem that way, but I will tell you in some of
the other work we have done with the National disability Institute
through the other asset development work and other communities and other
states, one of the things we've found is that many people -- not just
people with disabilities, but many people lack the basic understanding
of those very basic concepts behind financial literacy. That is why we
started that series with such easy questions. That is the basis for the
beginning of financial literacy. So, when we talk about that, the
financial literacy, where can someone go? As I mentioned in many states,
they're starting to mandate it as part of high school education
curriculum, but that is still not the case. As an adult, where do you
go? Some of the places to consider our financial institutions like banks
or credit unions. A lot of them will offer different handouts and
materials that you can read, a lot of them will have websites that you
can go to. Even if you just walk in and ask a teller, they will
generally direct you. If they don't tell you themselves, they will
direct you to the community outreach person within the bank. They will
be able to direct you to some type of financial literacy class.
Community colleges are another place that will often offer some type of
financial education or literacy programs. Typically whenever you engage
in some type of work with a Consumer Credit counseling service,
financial literacy is pretty much mandated. Other nonprofit groups. Like
here in Cincinnati we have a couple. You can look around for those types
of groups. Also in many cases, the one-stop career centers will offer
some type of financial literacy. We have the money smart curriculum.
Miranda, don't we have a 30-second training on financial training? I
just want to add that while I am going to unmute Ashley's line -- it
seems pretty basic. I wanted to mention that those were handled with
some humor as well, which I think is important. It is not a test. These
30-second training clubs are not a test. It is not meant to make you
feel stupid if you get the wrong answer. A lot of times the wrong answer
are pretty close to the right answer or are funny or silly. No one is
grading these things. The concept is not to make someone feel like, I am
being grilled on this and I don't know it. How do I not know this Part 1
stuff? Is to encourage you. We will go over some of the more advanced
ones today. Hopefully, you understand and realize that they're done with
some humor. They are definitely informative and educational. And this
one to throw that comment in that. Ashley, I have on muted your line.
Are you with me?
------------------------------------------------------------------------
I am with you.
------------------------------------------------------------------------
We are going to take you through one of our 30-second trainings. I am
going to share my desk top again. I need to take the ball back from DJ.
All these dynamics. Here we go. We are going to get that in everyone's
heads.
------------------------------------------------------------------------
Is already in mind.
------------------------------------------------------------------------
Good. Let's go ahead and check this out. Here is your jeopardy music.
What is financial literacy? So, Ashley, is it having little or no
knowledge about finance, an early bird dinner menu selection, the
ability to understand Finance, or investing in your retirement.
------------------------------------------------------------------------
I think I will choose no knowledge about finance, the first one.
------------------------------------------------------------------------
Financial literacy, no knowledge about finance. Bold choice. Let's check
that out.
------------------------------------------------------------------------
[ laughter ]
------------------------------------------------------------------------
You don't like that guy, do you?
------------------------------------------------------------------------
Maybe today.
------------------------------------------------------------------------
Unfortunately, absolutely not. It is most definitely the opposite.
Please try again.
------------------------------------------------------------------------
Okay. Well, how about investing in your retirement. That is something we
all need to do.
------------------------------------------------------------------------
Okay. Well, that is a nice picture of someone chairs on the beach and a
beach umbrella. Boy, I wish I was there right now.
------------------------------------------------------------------------
That is an appropriate picture for after the first one.
------------------------------------------------------------------------
[ laughter ]
------------------------------------------------------------------------
That guy needs to go there. It's been exactly.
------------------------------------------------------------------------
Not exactly, but having knowledge about your finances and how much you
can afford might be part of financial literacy.
------------------------------------------------------------------------
Let's go with the early Bird dinner menu selection.
------------------------------------------------------------------------
Oh, no. Not even close. If it was, it would be interesting what to see
that Ontario would include in what the description would be. Try again.
------------------------------------------------------------------------
I guess there's only one left. The ability to understand finance.
------------------------------------------------------------------------
All right. You are correct. You want to go ahead and read what that means?
------------------------------------------------------------------------
Financial litterers refers to an individual's ability to make informed
judgments and effective decisions about the use and management of their
money. U.S. financial literacy and education commission provides
education resources for all Americans. To learn -- to learn on more, a
visit this website.
------------------------------------------------------------------------
Thank you so much, Ashley. All right. That is it we are back. I
appreciate your help with that. That was fun. These are not painful.
These are fun. Okay. With that, I am going to hand the ball back to
Laura. I also want to explain to everyone since you have been on my
desktop that your screen is not down. And that green pointer is actually
my zoom text. I forgot to take it off. Don't adjust your screen. DJ, I'm
handing the ball back to you. Thank you so much, Ashley.
------------------------------------------------------------------------
Thanks, Miranda and Ashley. We are moving on. Now we are going to talk
about financial literacy and one specific financial literacy curriculum
which is called Money smart. FDIC wants a national financial education
program called Money smart. As I mentioned earlier, this was something
that we had 1I was in our one stop. The purpose of money started to
provide money management skills and also to help people start to build
and create positive relationships with banks, credit unions, or what we
would refer to as mainstream financial institutions. One of the great
things about this curriculum is it is available in braille or larger
print. If there are people with vision impairment, they can still
participate in the churning. There is also an on-line version available
on the FDIC website. We did provide the link for you here within the
power point. That is also in many other places. You can also search FDIC
money smart. There are a couple of different ways you can utilize the
curriculum. As I mentioned, there is the online version. That is what
they call the computer-based instruction or CD I. It is set up so that
an individual can go and and both to the curriculum, do it on line, get
a user name and password and go at their own pace. They can come in and
out as many times as possible. They can complete the curriculum that
way. The other way it is done is during the trainer. Essentially,
someone coordinates a train the trainer day, and someone from the
regional offices will come out for free and training group. Normally,
they like to have at least 25 people. They train a group of individuals.
It has ten modules. Each module takes between one and two hours to
complete. That is why one of the key components is that he can come in
and out of the online version. That way you can get through each of the
models. The ten modules are as follows. Bank on it, which covers the
type of insured financial institutions. Types of accounts, checking,
savings, et cetera. Defenses' -- largely also the differences between
banks and what we call mainstream financial institutions like banks,
credit unions, et cetera. The difference between those and check cashing
differences, which we often refer to as payday lenders. Bank on it
covers all of that. The second module, borrowing basics. Basically, it
discovers -- discusses the promises of loans and credit. Checking out
covers these ins and outs of checking accounts and the features
associated with checking accounts. Money matters, the fourth module,
covers the benefits and how toes of savings. The fifth module, pay
yourself first, covers ways to save money. As implied by the title, it
implies how to make money. Keep it safe covers laws that protect
yourself. FDIC is the institution that insures your money in the bank.
If that bank were to go belly up or the owner of the bank decided to
empty all of the accounts into cash and take off for the Cayman Islands,
FDIC would make sure you get your money back. That is what keep it safe
is about.
------------------------------------------------------------------------
The seventh module, to your credit, covers the ins and outs of credit
reports. More importantly, how one can fix the Carter report and how to
repair credit reports as they have had bad credit in the past. No. eight
talks about Charger right, which covers the basics of credit card use
preowned own covers the types of installment loans. And the last one
talks about your own home, covering the merits of all learning versus
renting. One of the great things about those is that they really can be
stand alone or used together. You can really take that information that
is not cooperated. You can curtail it to a specific information. You
could pick up one, like maybe your meeting with a group. One of the
things we used to do as a navigator is we ran the [ indiscernible ]
group. One month they had discussed their interest in credit cards and
understanding how credit cards worked and what a key are meant in all
those different things associated with credit cards. I was able to pull
that module out and use that and facilitate it to the group. That is a
really good example of how you can take one or you can put it
altogether. You can offer a series. Again, keep in mind did take one to
two hours to complete. Is there a financial literacy curriculum that can
be offered in the one-stop career center?
------------------------------------------------------------------------
There is an interesting -- that is an interesting question. I think we
do. Actually, I think I am going to -- Well, we could do one of two
things. We could open it up if anyone else on the call would like to
help me out with this 30-second training. Maybe we could share with them
how to raise our hands. You want to do that, Laura?
------------------------------------------------------------------------
I can. All of you, if you're looking on your screen, I am going to show
you right now. You will see a raised hand icon. It will be below the
participant box and above the chat box. If you would like to play along,
all you need to do is click on that and raise your hand. You do have to
be sent up to the audio portion, but we would love to have you play
along. If you don't raise your hand, that means I get to play.
------------------------------------------------------------------------
I was actually going to put that out there.
------------------------------------------------------------------------
And I like to play this game. But Miranda told me it is a test. She told
all of you is not a test, but she told me it is a test. I have been
studying.
------------------------------------------------------------------------
It looks like people are a little baffled.
------------------------------------------------------------------------
And I really want to play anyway.
------------------------------------------------------------------------
Okay. I will take you with me. Let me take the ball back from you. We
are going to our last 30-second training today. We hope many of you will
be bold like Ashley and Arlys earlier. Here we go. This is the fun part
of showing your desktop. Here we go.
------------------------------------------------------------------------
I will never tire of hearing that song.
------------------------------------------------------------------------
It was probably one of my few moments of true brilliance in this job. I
am exceptionally proud of it. So, which of the following financial
literacy curriculum can be offered in the one-stop career center? Were
you awake just now when D-Day was covering this? Money smart curriculum,
practical money skills for life, of these of's Financial stock soccer
game, or all of the above.
------------------------------------------------------------------------
They all sound pretty good. It seems to me, I am just when to have to
say, I know DJ top of lot about money smart curriculum. I have certainly
heard many navigators' who have incorporated that, but working with the
National disability Institute, a have little insight into practical
money skills. I love these the's financial software game. I am going to
choose all of the above. My final answer.
------------------------------------------------------------------------
Okay.
------------------------------------------------------------------------
My final answer.
------------------------------------------------------------------------
Oh, all these resources, money smart curriculum, practical money skills
for life, and financial soccer game can be used to gather or separate
pieces to help increase in individual's ability to make informed
judgments and effective decisions about the use and management of their
money. Take the train again in click on the different answers to get
more information on each of these individual resources. Maybe you just
want to click on each of them quickly to show everyone.
------------------------------------------------------------------------
I can do that.
------------------------------------------------------------------------
Can you do that?
------------------------------------------------------------------------
I can do that?
------------------------------------------------------------------------
There is that song again.
------------------------------------------------------------------------
[ laughter ]
------------------------------------------------------------------------
Money smart curriculum. Yes, but it is not the only one. There is a wink
and a little information about that available. We are all about not
reinventing the wheel here. As DJ mentioned, versatility makes it an
ideal curriculum. Check that out. Let's check on the practical money
skills for life, Laura. I will have you read this one.
------------------------------------------------------------------------
Practical money skills for life contains a set of tools and resources to
improve financial literacy at home, at work, and/or at school. The site
contains practical solutions and resources for teaching people in the
importance of -- the importance of financial literacy in all settings. I
think that is key. There again, a wonderful website to learn more about
the resources for educators.
------------------------------------------------------------------------
And there is that final one. You want to read as this one, D.J.?
------------------------------------------------------------------------
Sure. As a collaborative effort with the National disability Institute,
Visa has included 100 questions that are specific to disabilities, and
these questions are incorporated into the game's random multiple choice
question the structure. You can check it out at [ indiscernible ]. Just
to give a quick plug it, this game is absolutely fabulous. It is a fun
game. The graphics are great. You really get an opportunity to gain some
knowledge. They have it set up so that it is easy, medium, and hard
questions. I will tell you all, the hard questions are hard. Keep that
in mind. It is a relief fund game, and I will encourage all of you to
check that out at some point. It is a great resources.
------------------------------------------------------------------------
And that is why I had DJ answer that. In real life, I think you would
creamed me and Laura if we were to play soccer with you.
------------------------------------------------------------------------
That might be the case, but we won't discuss that now.
------------------------------------------------------------------------
Thanks, everyone, for playing the 30-second training. DJ, the ball is
back in your court. Senate okay. The last piece of the trend today is
going to talk about you.
------------------------------------------------------------------------
How can you assist with asset development. What is your role? As you all
know, as a navigator, part of your role is to be a resource. Part of
your role is to be a facilitator. As we've mentioned, asset development
is a crucial piece of economic self-sufficiency. It leads to greater
community participation and more choices. Ultimately, a better quality
of life. One of your roles is that it is essential for you as a
navigator to understand what asset development is, understand why it is
important. So, understanding that it is that series of strategies that
have been created to help people ultimately in have a better quality of
life by creating greater community participation and grated choices. So,
you as a navigator want to help connect job-seekers to the right
resources. That is one of the ways that you as a navigator can get a
sense of asset development. What it is, why it is important, and start
educating job seekers. And a lot of towns and cities, there are local
coalitions that work on asset development issues. The reasons we have
offered the series when we have, meaning the end of January/beginning of
February is because tax season is on us. These asset development
coalitions we talk about, they are all centered around the earnings and
tax credits. Make sure you tune in and we will talk about earned income
tax credit on Thursday. These local coalitions, many of them are
centered around earned income tax credit. It means they are in full
swing right now because tax season is upon us. If you're not involved
with one of these coalitions currently, start making some phone calls.
See if you can find one. If there is not a coalition in your area that
works on these issues, maybe there are some groups that are already part
of an established committee that would be willing to take this on as
like a subcommittee group. Asset development, like we talked about so
many times today is so important because it impacts quality of life by
providing greater choices and greater community participation. Better
mental and physical health. There are so many positive benefits of
promoting asset development. Keep that in mind.
------------------------------------------------------------------------
As a navigator, you can act as a conduit for access to financial
literacy. We talked about several things today. One of the big ones I am
always promoting is Money smart, but we showed you a couple others.
There is also the financial [ indiscernible ]. It is still a really cool
site, has some really great games, rallied rate information that people
can print off. You as a navigator just being aware of what those
resources are and making sure to connect job-seekers and also one-stop
career centers staffed. Acting as the conduit is going to be a crucial
role for you. As I started to talk about earlier, the FDIC money smart
curriculum, they offer a train the trainer workshop. We did one of those
not too long ago and were able to gather about 45 to 50 people from
around the state. We held it centrally. People came in for it. You know,
everything from direct service organizations to small community-based
organizations. Representatives from rehab. You can pull together as many
people as you want. Contact your local FDIC it -- or I'm sorry, your
Regional FDIC office. More than likely, they will send someone to do
that training for you. They've provided the materials, and they travel
on their own expense. You are not charged for those travel dollars
either. Again, we have provided that website for you. The other thing
you can do as a navigator, obviously, is start to share some of these
30-second trainings we have developed around asset development. Share
them with the appropriate staff and individuals. Also, you might send
out the link to the more beginning ones and share those with some of
your case managers. While I know you don't need this information, I know
you have job-seekers your helping that might need assistance. These are
just great reminders to send out. If you have more questions, you can
certainly contact myself or Miranda. I can see that Miranda and Laura
are starting a file transfer box. I will pass it off to Laura to talk
about what might be in the box. HR Miranda. or Miranda.
------------------------------------------------------------------------
I am just when to start. I will tell you as Miranda starts to add
things. I wanted thank you. I am going to take us back down memory lane
a little bit. You know, we've been involved with the technical
assistance and training for the DPN since they began in the work
incentive grants before that. We stay connected to the national
disability Institute, but at one point we were also connected to the
University of Iowa. At the beginning of the National disability
Institute kept saying that DPN needed to incorporate in their work and
needed to be connected to asset development, building strategies, and
the sharing this information in the workforce to make sure that people
with disabilities were accessing it as well as people with low income
have a more holistic kind of package to their employment, which went
beyond just what was being shared in the workforce with a focus on
financial education and literacy. Our executive director kept trying to
make these connections. It took a little bit, but this has been a
wonderful relationship that we've developed. You are going to learn
about some great asset development strategies on Thursday. We hope your
all and to participate. DJ alluded to some of them. They are going to
touch on the earned income tax credit, income tax assistance sites, real
economic impact, individual development accounts. Certainly, you're
going to have some more 30-second trainings. And these along with the
financial educations that we've learned about today connecting with
things like the money smart curriculum and practical money skills and
the financial software are really beneficial, responsive resources that
you can add a DPN help to incorporate into the one stop system. You
heard DJ talk about how they did that in Alaska. Ed with another member
of our NDI team -- we have another member of our team that was a
navigator in Florida. He introduced the money smart curriculum to his a
one-stop and Florida. Also [ indiscernible ] incorporated that as a
workshop for all job-seekers. As DJ sat at the beginning, this is
important information for all of us to know. We cannot assume that
everybody knows even the basic information.
------------------------------------------------------------------------
You know, Laura --
------------------------------------------------------------------------
[ overlapping speakers ]
------------------------------------------------------------------------
I'm sorry.
------------------------------------------------------------------------
I wish I had this level of information. Back in 2003, I actually did the
money smart workshop for just anyone because it was an issue back then.
It would have been so great to have had these resources. I just learned
about money smart and thought, a lot of us navigators' out there are
just innovating. And the idea is just do not reinvent the wheel. It is
nice that seven years later there is so much of their tailored for
navigators to use.
------------------------------------------------------------------------
That is a great point. In early talks about what the navigator
initiative is all about. We say, don't reinvent the wheel. There was no
we'll to even begin with. Over the years, is great. We have all learned
through the relationships that we built and resources we have learned
about by pulling them together. Now, giving Navigator something that you
have people who have incorporated this, touched on it, and can tell you
as a navigator how you can help incorporate this in your system. That is
the cool thing. At the beginning, DJ talked about some pretty stark
statistics about people with disabilities and poverty. They are really
hard to hear. She touched on some earlier statistics, which was
important and key, because even more recent statistics are pretty kind
of disheartening. This presentation was all about asset development
strategies that you as a DPN and the one-stop career center can really
incorporate into your one-stop. I hope that you have learned a lot
today. You learn may be something more about assets and ways that you
can incorporate it. But I have been talking a lot. We want to hear from
you. First, we want to tell you that Miranda has put up a file transfer.
This is the webinar Power Point that was referenced today. If you want
to say that to your desktop, you just need to click on it, highlight it,
and click the download button and save in your electronic file system or
on your desktop. Again, as we mentioned at the beginning, after
Thursday's session, we are going to be posting this webinar along with
the one on Thursday as well as any other supporting materials we share.
Of course, all of the wonderful 30-second trainings to the DPN
Navigator. Do you have questions? Do you have comments? Have you
incorporated some financial literacy and education into your one-stop?
Are you part of the coalition that DJ talked about? Are you doing any of
the things that she's mentioned? There are too many ways in which you
can reach out to us. The first one is the raising of the hand icon,
which you know I absolutely love. All you have to do is click on the
raised hand icon. It will allow us to know you have a question or
comment period we can click on that in unmute your line. You can also
take your question into the chat or the Q&A box. What you do is simply
click on the box, type your question, and submit it to the host and
presenter.
------------------------------------------------------------------------
Actually, I do have a question that has come in.
------------------------------------------------------------------------
Okay.
------------------------------------------------------------------------
Just to make sure we are answering it, I might unmute your line also
appeared Arlys was asking, and I believe she is referencing the
30-second training. How can use this is people we are trying to reach do
not have computers or power point installed? That is actually a really
excellent question. I have some thoughts on this. I am going to throw
them out there. I am brainstorming. Feel free to jump and. If you
ethical way to make sure these get in front of people it is just one
strategy. Honestly, we're not trying to -- We have a whole tool kit. It
is everything -- if all you have is a hammer, everything works like a
nail. That is not the 30-second trainings, but it is just one more
strategy for getting stuff out there. You're trying to use them and get
them in front of people who do not have computers or power point, you
could certainly use them in any event that of going on. At the
beginning, throughout. If you're doing a workshop and you want to
introduce some other concepts or let them know that there are other
resources out there, you could have some of these 30-second trainings
throughout or at the end. You can use your own technology showcase them
and really get that song in their head. That might be some of the ways
to get these 30-second trainings out to other audiences. Certainly,
encouraging your partners and staff in things that they're running that
you are not part of to use these trainings. Again, they're not
copyrighted. We would love to love your name and contact information on
the last slide. The important thing is to get information out to folks.
Something always kind of thinking about, and I was thinking it might
work better in some areas than others. In some areas this might not work
all, and that is okay. We know you are all very unique. Every single one
of them. For some of you, potentially work -- some folks have --
everyone stop should have a resource library with information. If you
have a computer that is there for more general use or even on your
computers that you have in your resource room, what about putting on a
file that people could use when they are in a one-stop? If you are doing
that, you might need to use the 32nd Trainings that did not have a sound
file. You would also have to find a way to draw people's attention to
it. I know we don't want them navigating and checking of the Internet or
their personal email for personal reasons in the resource room. Maybe
you could make an exception, hey, there is these 30-second trainings. If
your and the resource room, you might want to check these out. Honestly,
if you have some sound files up, it might draw people's attention to the
Pink Floyd playing in the room. I could see this really catching on
fire. That is me just kind of thinking out loud of some of the ways you
might make these available to people who don't have computers or power
point installed on those computers. DJ, Laura, you want to throw out any
other ideas to answer that question?
------------------------------------------------------------------------
This is Laura. I think you touched on this. Incorporating it is kind of
an icebreaker something. Kind of like you're saying, if you can't -- I
mean, you can throw it out and in a group kind of say what your answer
might be or someone like that, or it could be kind of -- Well, I was
going to say in an email, but I guess if you don't have access to the
Internet, it would be really hard to get that in milk. I guess I would
think in a group session or some way in which you will make it a game
but is not Internet connected. So, you have people kind of guess.
------------------------------------------------------------------------
And it might get some good involvement from the group. Like getting
their involvement in answering the question period we have done this in
training so. And Candy can help.
------------------------------------------------------------------------
You often hear navigators' doing pre and post tests. It is kind of a way
of getting you started. Idle. You know, I wasn't in navigator, but I can
tell you that there are some Navigator sitting there thinking about the
question. I know you are pretty creative and clever.
------------------------------------------------------------------------
DJ, did you have anything?
------------------------------------------------------------------------
No, I think you cover that.
------------------------------------------------------------------------
[ overlapping speakers ]
------------------------------------------------------------------------
I think the ice breaker idea -- we have a financial workshop but they do
here through a local credit union. I am thinking I should contact them
to see if it is something they would want to add to theirs.
------------------------------------------------------------------------
Absolutely.
------------------------------------------------------------------------
Or maybe it is entertainment before.
------------------------------------------------------------------------
Sure.
------------------------------------------------------------------------
And then the library. I think I have a pretty good relationship there.
Maybe there's something they would be willing to do on some of their
computers to make it accessible or something.
------------------------------------------------------------------------
Right, right. Well, let us know. I would be interested in seeing how --
there is always more and interesting and different challenges in this
position. If you come up with some great strategies, we would like to
know what they are. You and others on the line. We would like to share
that with everyone else if you're coming up with some cool ways to get
these out there further.
------------------------------------------------------------------------
Thanks.
------------------------------------------------------------------------
Thank you for your question.
------------------------------------------------------------------------
Great question.
------------------------------------------------------------------------
As with kind alluded to, and as I just said, on Thursday you are going
to learn about some more specific strategies. Many navigators' are
involved with them, especially the real economic impact. We will not
talk too much about it other than to say, it is now in every state and
some of the U.S. territories. There are ways that you can tap into.
Hopefully, some of you are involved in it. He will be able to tell us
more about it. If we don't have any questions --
------------------------------------------------------------------------
Actually, I am sorry to interrupt, but I did just get an email or a note
who wanted to add to the discussion earlier that we just had with Arlys
Bridge to believe that Microsoft has a power point plug and for free.
People without power point could feel it without using the actual
software. That would have to be for people who have a computer but don't
have the power point. Already navigators are jumping in and adding
additional information. We appreciate that. That is what this initiative
is all about. We are all smarter together than we are alone.
------------------------------------------------------------------------
Navigator is do that well. That is actually a really good thing to know.
Hopefully, you do not have to download the plugging. But that is
something for us to look into. I think what was suggested before in
terms of is there a way to share the plug in when you share the
30-second training, a packet just thinking too. So, something to look
into. When someone asks this question again -- I am going to write down
and no also Perry and what we take away from today's asset are important
from all of us. I don't think any of us on this call would not benefit.
I think at the beginning -- I remember at the beginning starting out
and. My dad saying, if he would just put $5 a month away, do you realize
how much she would have and a year? Do you know how much I would have
now? Of course, I did not. Hindsight is better than foresight the great
thing is we have learned a lot. While the statistics are pretty start,
the wonderful thing is there are resources and tools and very effective
strategy is that we can all implement probably in our own personal lives
that also help others. We really appreciate this. You know, DJ on our
team is the Member who really is our subject matter expert on asset
development. She has worked for a close within the state in which she
lives. Not working with the other team members that are part of NDI
focus on asset development strategies and asset building in our various
initiatives. And really trying to show the importance of, yeah, these
are pretty bad statistics, but there is hope out there and making sure
people are aware of that. We really love putting them into the 30-second
training. Miranda, our training coroner, has really picked up on this
and realized that this is a great strategy that we can use in helping
you get the word out. A fun, easy come shortly to get some really
valuable information out. Well some of them are fun and funny, they
always have important information to take away. It is the way for us to
help you get that word out so that we all become not only just aware but
have some resources and strategies to help us address it. Again, I want
to thank DJ and Miranda for today and hope that all of you will be able
to join us for Part 2 on Thursday. Again, as you are going to learn more
about the earned income tax credit. Why do we need to know about the
IDAs? Years ago I said, why do navigators' need to know about IDAs? If
you don't know about that, then you need to participate on Thursday.
When I heard someone give that presentation, I said, why don't
navigators' know about IDAs? Before we close, Miranda or DJ, do you have
any closing thoughts you like to share?
------------------------------------------------------------------------
I does wanted to share that it is always great to be on the call with
everyone, and we look forward to your participation on Thursday. We want
to hear more about what you are all doing around this, and just thank
you DJ. Every time I listen to you present, I always learn something.
------------------------------------------------------------------------
Thanks, Steve 13. Thanks for joining us. As Laura mentioned, there are
many strategies we are going to talk about on Thursday that cannot only
help people build and save asset, but also help them have eligibility
for certain programs. But make sure you tune in on Thursday. We look
forward to talking to you then.
------------------------------------------------------------------------
Thank you come everyone, for sharing your afternoon or morning depending
on where you are with us. As you exit the presentation, please take a
few laughs to complete the post webinar evaluation. It helps us to do
what we are doing to make it -- it helps us. It lets us know the way
that we can improve our trainings and technical assistance. As the [
indiscernible ] says, where the rubber meets the road. With that come
enjoy the rest of your day. We walk -- we look forward to reaching out
to you on the next trend. Goodbye.
------------------------------------------------------------------------
[ event concluded ]
Actions

</pre>