Manage Money Better – with Luke Hohmann of First Root Inc

The Tingle Zone with Andrew Miller

In this episode, I'm talking with Luke Hohmann, founder and CEO of First Root, a company dedicated to helping improve the financial literacy taught in schools and getting children used to handling money – by giving them money to handle.

Luke originally founded a software company that created a program on which you could run Participatory Budgeting, a collaborative process used by global brands and major cities to manage the finances of large projects.

Luke realised that, if we wanted to create a better society for ourselves and our children, then these key lessons should be taught at school. As well as getting used to making financial decisions, the children learn what a good citizen looks like and how they can positively contribute to a community.

In our conversation, we cover such topics as:

• how to run a participatory budgetary process, which teaches the value of money and accountability for decisions made;

• the 4Cs of 21st Century Education (Creativity, Critical Thinking, Communication and Collaboration) ; and

• how this all fits into a business context.

At the end of the day, if we can all learn how to work together with something as emotive as money, we can work together on anything.

If you want to know more about Luke, then take a look at the following links

Luke's Website

Luke's Linkedin Profile

If interested in sponsoring a school

So do check those out but for now sit back, relax, think about how you might be able to handle money better and, most of all, enjoy.