Mentorship Program for Financial Literacy

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Mentorship Program for Financial Literacy

Inspired by a conversation on:

Catching Up to FI

Catching Up to FI

How This Savvy Young Planner is Helping Retirees | Emma Von Weise | 168

Host: Bill Yount & Jackie Cummings Koski

Timestamp: 04:00 - 05:36

Listen to Episode • View Podcast • All Ideas from Catching Up to FI

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Direct Quote

"Third Decade...matches mentees with mentors and they target people in the third decade of their life."

Market Gap

Young adults lack access to financial education and mentorship.

Many young adults in their 20s and early 30s face challenges in navigating personal finance due to a lack of formal education in financial literacy. This demographic often struggles with basic financial tasks such as budgeting, investing, and retirement planning. Current educational systems do not adequately prepare them for these responsibilities. As a result, they may miss out on crucial opportunities to build wealth early on. Programs like Third Decade aim to bridge this gap by providing mentorship and education tailored to the unique needs of young adults, ensuring they receive the guidance necessary to succeed financially.

Summary

The idea is to create a mentorship program similar to Third Decade, which pairs young adults in their 20s and early 30s with experienced financial mentors. This program would focus on providing personalized guidance, education on financial literacy topics, and support in navigating important financial decisions. Mentors would meet with their mentees several times over two years, helping them set financial goals and develop actionable plans. This initiative could be implemented through partnerships with schools, community organizations, and financial institutions, enhancing financial literacy and empowering young adults to take control of their financial futures.

Categorization

Business Model
Community
Target Founder
Subject Matter Expert
Difficulty
Medium
Time to Revenue
3-6 months
Initial Investment
$1,000-$10,000

Potential MRR (18-24 months)

Conservative
$2,000 - $5,000 MRR
Moderate (Most Likely)
$10,000 - $20,000 MRR
Optimistic
$30,000 - $50,000 MRR

* Estimates assume solo founder/bootstrap scenario with competent execution

Scores

Clarity
8/10
Novelty
7/10
Feasibility
6/10
Market Potential
8/10
Evidence
7/10
Overall
7.2/10
Found on September 14, 2025 • Analyzed on September 14, 2023 12:05 PM

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