New Financial Education Venture Aims to Empower Young Adults – The Sun Times News

Sep 25, 2024 at 2:29 PM

Empowering Young Adults: Solid Footing Finance's Mission to Bridge the Financial Education Gap

In a world where personal finance knowledge is often lacking, a new venture aims to equip young adults with the tools and guidance they need to achieve financial stability and success. Solid Footing Finance, founded by long-time friends Von Miller and Kelly Robbins, is on a mission to provide comprehensive financial education and coaching to individuals in their 20s and 30s, a crucial time for establishing sound financial habits.

Unlocking the Path to Financial Wellness

Addressing the Financial Education Void

Recognizing the significant gap in personal finance education, Solid Footing Finance was born out of a desire to empower young adults with the knowledge and skills they need to navigate the complexities of money management. As Miller explains, "I saw this gap where financial advisors only tend to work with people much later in life, once they've accumulated a lot of assets. It's just not taught in school very well... and many parents just don't feel qualified to talk to their kids about financial matters."This lack of accessible financial education can have far-reaching consequences, as individuals in their early career stages often struggle to make informed decisions about budgeting, saving, investing, and debt management. Solid Footing Finance aims to bridge this gap, providing a supportive environment where young adults can learn and grow their financial acumen.

Fostering Financial Literacy and Accountability

At the heart of Solid Footing Finance's approach is a focus on both financial education and accountability. The company plans to offer a range of services, including in-person group classes and one-on-one coaching, all centered around equipping young adults with the fundamental principles of personal finance."Our goal with the coaching is to help them get over those little humps so that they don't miss the big picture," Miller explains. By demystifying financial jargon and addressing the emotional aspects of money management, Solid Footing Finance aims to empower its clients to make informed decisions and develop sustainable financial habits.Robbins emphasizes the importance of instilling these good habits early on, stating, "Investing, we know, is a long-haul game. It's not always quick and fast, so if we can get those understanding and those principles early in life, then it helps them later, prepare for the later part of their lives."

Creating a Supportive Community

Solid Footing Finance's approach goes beyond traditional financial education, as the founders recognize the value of a supportive community. "The difference that we want to bring is, number one, doing it in person, in a group setting, where you're hearing everybody else's stories, you're realizing you're not the only one in the world who doesn't know all this stuff," Miller explains.By fostering a collaborative environment, Solid Footing Finance aims to create a space where young adults can learn from each other, share their experiences, and find solace in the knowledge that they are not alone in their financial journey.

Expanding the Reach of Financial Wellness

The idea for Solid Footing Finance grew from a course Miller had developed for his own children and other young adults. After receiving positive feedback, the founders decided to expand the concept into a full-fledged business venture, with the goal of reaching a wider audience and making a meaningful impact on the financial well-being of young adults.Starting on October 3rd, Solid Footing Finance will begin offering its services, including evening sessions at their location on Jackson Road, between Dexter and Chelsea. The company's website, solidfootingfinance.com, provides more information and course registration details, making their services accessible to individuals across the region.

Empowering Financial Wellness for a Brighter Future

Solid Footing Finance's mission extends beyond simply imparting financial knowledge; it aims to address the deeper connection between financial health and overall well-being. As Miller eloquently states, "Money problems—various studies show they're always either the first or second leading cause of divorces. There's a big relationship between financial health and well-being... So we feel that money should never be the purpose of, you know, just seeing how much you can accumulate, but it does help you achieve your goals, and it opens up opportunities that you wouldn't otherwise."By empowering young adults with the tools and support they need to build a strong financial foundation, Solid Footing Finance is poised to transform lives and unlock new possibilities for its clients, paving the way for a future where financial wellness is the norm, not the exception.