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Need: A personal financial literacy skills gap exists in our society. With over half of the adult population expressing concern for their own financial literacy skills, there are a number of ways to address this need. Sadly, too often, an info dump is what is directed at people. This can overwhelm and often offend individuals: putting them on-guard and negating their receptiveness to learning and implementing new information. Introducing skills in a context that are relevant to the learner's time and place substantially improves acquisition and retention.
A direct to consumer organization has built a software program for just this. The agents tasked with providing this software, themselves, often require training on the components of a loan and how a loan functions. Using Camtasia, and an online loan calculator, I worked to meet that need.
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This learning program has equipped learners with the financial knowledge and skills to save tens of thousands of dollars in interest.
The learner will demonstrate understanding of how paying additional money to loans results in significantly reduced interest costs.
The learner will analyze their own loans to determine how principle pay down can positively impact their own financial situation.
The learner will implement 2 "What If" Scenarios using the Loan Calculator to identify how much time and money can be saved.
Prepare for the Training:
Print Training Aid and Gather Pre-Training Information
View Principal Paydown Video
Complete Training Aid
Clarify in Post Training Discussion
Training Aid
eLearning Video
Bankrate Interest Calculator
Follow-up.