introduction to make a difference wisconsin 1

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Our Mission

The Make A Difference -Wisconsin mission is to

enrich our community by empowering students to make sound personal financial decisions.

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Times have changed

• 50% of Americans are living paycheck to paycheck

• 40% of Americans are living beyond their means

• The average household’s credit card debt is $8,565, up almost 15% from 2000

• Today, the average 50-year-old has only saved $2,300 for retirement

– American Bankruptcy Institute, Federal Reserve Board

and other national experts

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• The #1 cause of stress in the workplace is personal finance.

- USA Today

• More than 40% of employees say stress over personal finances negatively impacts work productivity.

- Garman, Leach & Grable

• Employees with credit delinquencies waste 20+ hours a month dealing with personal finances.

- Study conducted by the Center for Financial Well-Being

Workplace impactEmployees with financial problems impact attendance, turnover, focus, relationships, and productivity.

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Their future . . . our future

• College graduates with minimal debt• Responsible renters or home owners• Capable parents • Valuable employees• Prepared retirees

Today’s teens are tomorrow’s citizens and workforce…and they need solid personal financial skills to become:

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Imagine . . . A generation of Wisconsin residents who are

prepared financially to own their first home

Young entrepreneurs who have the means to start their own businesses

Hard working adults who are able to weather an economic downturn or a job loss

And, 45 years in the future, a large majority of people looking forward to a comfortable retirement

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The MAD-WI program

Three-part course:

Bank Your Future

Check It Out

To Your Credit

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Bank Your Future

• The concept and benefits of budgeting

• How to prepare and use a budget

• What is taken out of your paycheck?

• Ways to save money

• How money can grow

• The benefits of saving early

• Types of savings/investment products

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The Benefits of Saving Early

Kelly Starts at age 22 Saves $100 per month for 10 years ($12,000)

John Starts at age 35 Saves $100 per month for 30 years ($36,000)

The interest rate is 8% compounded annually.

Who will have more money at age 65?

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The Benefits of Saving Early

$148,015

$253,199

0

50000

100000

150000

200000

250000

300000

John Kelly

Money Saved

Total Savings atage 65

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“Because of this program, I feel better prepared for the future.”Riverside University High School student

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Check It Out

• How to open a checking account

• Bank fees

• Check cashing store vs. a checking account?

• How to write a check

• How to keep records

• Identity Theft - how to protect yourself

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“I believe (this) is a good program for young people because some students don’t receive this at home.”

Destiny High School Student

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To Your Credit• What is credit

• How does a credit card work and what does it cost?

• Using credit responsibly

• What is a credit report & how is it used

• What is a credit score & how it is used

• How your credit score affects your ability to buy a car or get a home mortgage

• How to start building a good credit history

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Credit Cards – the cost

Item

Price

APR

Min. monthly Payment (at 3% of balance)

Interest Paid

How Much You End

up Paying

Total Years to Pay Off

TV $500 18% Start at

$15 $299 $799

Computer $1,000 18% Start at $30

$799 $1,799

Furniture $2,500 18% Start at $75

$2,299 $4,799

If the minimum payment is made:

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10

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Does Good Credit Matter?

FICO score APRMonthly payment

Total Interest

720-850 6.00% $387 $3,199 690-719 7.55% $401 $4,076 660-689 9.00% $415 $4,910 620-659 11.52% $440 $6,404 590-619 16.67% $483 $8,972 500-589 denied

Actual rates on 7/28/09 for a 60 month new auto loan for $20,000

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“Thanks for the help because I learned how to use money and credit the right way before I

turn 18.”

Kilmer High School student

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Who we reach

Target:

11th and 12th graders

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Participating Schools

MPS and Affiliated Schools

Alliance High School (charter) Assata Alternative High SchoolBay View High SchoolBradley Tech High SchoolCarmen HS (Choice School)CITIES Project High School (charter)Custer High SchoolDowntown Institute of Arts and Letters

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Participating Schools

MPS and Affiliated Schools (cont.)

El Puente High School (charter)Foster & Williams High SchoolGenesis High School (charter)Grandview High School (Seeds of Health)Hamilton High SchoolKilmer High SchoolLady Pitts High SchoolMadison High School

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Participating Schools

MPS and Affiliated Schools (cont.)

Marshall Montessori High SchoolMetropolitan High SchoolMilw. Academy of Aviation, Science and Tech.Milw. African American Immersion High SchoolMilwaukee Business High SchoolMilwaukee High School of the ArtsMilwaukee School of EntrepreneurshipNew School for Community Service

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Participating Schools

MPS and Affiliated Schools (cont.)

Northwest Secondary SchoolProfessional Learning Institute (charter)Pulaski High SchoolRiverside University High SchoolRonald Reagan High School (charter) Rufus King High SchoolSouth Division High SchoolTruth Institute Vincent High School

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Participating Schools

MPS and Affiliated Schools (cont.)

W.E.B. DuBois High SchoolWashington Expeditionary Learning HSWashington IT High SchoolWashington LEAPS High SchoolWings AcademyWisconsin Career Academy (charter)Wisconsin Conservatory of Lifelong Learning

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Participating Schools

Other Milwaukee Schools

CEO Leadership Academy Destiny High School Hope School Messmer High School Pius Xi High School St. Joan Antida High School Tenor High School (Seeds of Health) Wisconsin Institute of Torah Studies

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Participating Schools

Suburban Schools

Brookfield East High SchoolFranklin High SchoolGreendale High SchoolKettle Moraine High SchoolOak Creek High School

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Partner Organizations

A-B Credit UnionACTS - CDCALM RealtyAT&TAcorn Financial GroupAffiliated Mortgage Corp.Affordable Health and MoreAnchor BankAnderson Roethle, Inc.Annex Wealth ManagementAssociated BankAurora Family ServicesBank MutualBret Goodman Marketing

Brown-Beasley Accounting, LLCCB Richard EllisCatholic Family Life InsuranceCentury 21,Herget & PlavsicCFA Society of MilwaukeeChase BankCitigroup Smith BarneyCitizen Bank of MukwonagoCity of MilwaukeeColdwell BankerCompass PropertiesContinental Savings BankCountrywide Funding, Inc.Craig Realty, Inc.

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Partner Organizations (cont.)Deloitte Tax, LLPDevo PropertiesDigital MeasuresEddie Z’sEducators Credit UnionEdward Jones InvestmentsElite PropertiesEMSBLA Credit UnionThe Equitable BankFerrici & AssociatesFinancial Resource ServicesFirst Choice MortgageFirst Realty GMACFirst Weber Group

Foley & Lardner, LLPThe Foss GroupGE HealthcareGeneration Growth CapitalGerdes Investment StrategiesGodfrey & Kahn, S.C.Great Lakes Higher Education Corp.Great Midwest BankGreater Milw. Assoc. of RealtorsGuaranty BankHarley-DavidsonHarris BankHomesale Realty, Inc.Home Vestors

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Partner Organizations (cont.)

Homebuyer AssociatesHomes by Towne of WisconsinHomestead Realty, Inc.Independent Care Health PlanInland CompaniesInternal Revenue ServiceJF & Associates, Inc.Johnson Controls, Inc.Kohlenberg Consulting, LLCLaCausa, Inc.Landaas & Co. Investment Landmark Development RealtyLiberty Financial GroupLubar & Company

M & I BankM & I Wealth ManagementM & M Office FurnitureMATCMBO Cleary AdvisorsMGICMPS FinancialMW BankMandel Group SalesMarquette UniversityMcSherry Anderson, LLCMidAmerica BankMillerCoorsMilwaukee Bar Association

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Partner Organizations (cont.)

Milwaukee DevelopmentMilwaukee Fire DepartmentMilwaukee Police DepartmentMilw Metro Sewerage DistrictMilw. Univ. Grad. School CoopMinnie Services, LLCMorgan StanleyMortgage Bankers of WIMason WellsNorthern Oak Capital Northshore BankNorthwestern MutualOgden RealtyOptique Capital Management

PMG Educational Services, IncPalermosPKWare Inc.Priority MortgagePromotional Marketing GroupQuarles & BradyRealty Executives IntegrityRealty Executives MetroRemax IntegrityRockwell AutomationRobbins & Lloyd MortgageRPG ConstructionSattell, Johnson, Appel Schaeffler Group USA

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Partner Organizations (cont.)

Scribner, Cohen & CompanySecurity Insurance Service, Inc.Security Lending Group, LLCShakespeare Wealth ManagementShorewest RealtorsSmith BarneySmith RealtyState of Israel BondsStefaniak GroupStupar, Schuster & Cooper, SCSummit Credit UnionSVA Wealth Management

TCF BankTrans Union, LLCTrustworthy HomesTrykor, IncUBS Financial Services, Inc.US BankUniversal Housing SystemsUniversal Real Estate ServicesUW ExtensionUW-MilwaukeeVirchow, Krause & Co. LLPWaterStone BankWaukesha State BankWe Energies

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Partner Organizations (cont.)

Wells Fargo Advantage Funds

Wells Capital Management

Whyte Hirschboeck Dudek, S.C.

Wisconsin Mortgage Corp.

World Financial Group

Ziegler Capital Management

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Our accomplishments

In our first three years,

555 volunteers have signed on to deliver the program

58 high schools have participated

and we have reached more than 10,000 students!

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Our accomplishments

Proud recipient of the 2008 Governor’s Financial Literacy Award

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Our ImpactWhat are students DOING with what they learn?

10 of 41 28 of 58 9 of 14 51 of 58 40 of 58

69%

24%

48%

64%

88%

0%

10%

20%

30%

40%

50%

60%

70%

80%

90%

100%

Opened a

Savings

Account

Increased

Monthly

Savings

Decreased or

Stopped Use of

Check Cashing

Stores

Utilized

Savings/Money

Management

Tips

Shared

Information

Learned with

Family &/or

Friends

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Our Goals for 2009/2010

1. Expand programming to more schools in the Greater Milwaukee area

Reach 6,000 students during the 2009/2010 school year

3. Engage 200 new volunteers

4. Present the opportunity to new investors and expand funding sources

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Our Generous Contributors

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Our Generous Contributors

ANON Charitable Trust

Ralph Evinrude Foundation

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Our Generous Contributors

Mosher Family Foundation

Stackner Family Foundation

Elizabeth A. Brinn Foundation

Weiss Family Foundation

Helfaer Foundation

Steigleder

Charitable Trust

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MAD-WI Board of Directors

Officers:

President: Lloyd Levin

Vice President: Murray FriedmanAssociated Bank

Secretary: Joseph SchlidtM&I Wealth Management

Treasurer: Howard SchnollRBC Dain Rauscher

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MAD-WI Board of Directors

Wayne Breitbarth, M&M Office Interiors

Robert Bukowski, Alpha Investment Consulting Group

Jill Desmond, Milwaukee Symphony Orchestra

Linda Edmondson, GE Healthcare

William Hotz, Retired Attorney

Nina V.A. Johnson, Guaranty Bank

Meridee Maynard, Northwestern Mutual

Peggy Partenfelder Moede, PPM Capitol Group

David Polk, City of Milwaukee 

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MAD-WI Advisory Council

William Andrekopoulos, MPS

Curt Culver, MGIC

Eddie Doucette, MACC Fund

Michael Falbo, Associated Bank

Jeff Fleming, Kingston Crossing

Frank Gimbel, GRGB Law

Gerald Levy, Guaranty Bank

David Mancl, WI DFI

Marc Marotta, Foley & Lardner

Mark Sabljak, Business Journal

Mark Sain, MKE Fire Dept.

Carlos Santiago, UW-M

Delores Sims, Legacy Bank

Dan Steininger, BizStarts MKERobert Wild, S.J., Marquette

U.Anne Zizzo, Zizzo Group