How to accumulate $1 million by age 50 was one of the ideas put forward during a Wednesday session of the University of Missouri Financial Planning Academy for Teens.
The academy, a weeklong program, is presented by MU Extension and the MU Department of Personal Financial Planning. Graham McCaulley, Extension assistant professor, said the 25 students were recruited from around the state. The students applied to the academy online.
Most of the students are interested in both planning for their own financial futures and possibly a career in the financial planning industry, he said.
“They’re all here because they’re into financial planning,” McCaulley said.
Miranda Figueroa, who will be a senior at Putnam County High School in Unionville, said she wants to know the best financial plans.
“I’m hoping to learn more about the financial part of life, like how to plan for retirement,” the 17-year-old said.
Not many high school students think about retirement, but they should, she said.
“I think it would be really good if more high school students did,” Miranda said.