Give the Gift of Financial Education to Graduates

It’s an exciting time for seniors everywhere as they graduate from High School and College. And, as we celebrate their accomplishments, gifts are an important way for us to contribute. It can be a good time to offer a gift to graduates who are about to take a big step into the real world.

Many graduates will enter the work world and others will continue on with their education, but chances are whatever they do they are not financially prepared. As important as their academic education is, their financial education is questionably the most important in securing their future.

So, how can you give a gift to a graduate that shows your love and caring for them while also pleasing the recipient? Sure a nice sports car or some cash would be pleasing, but what does that say to them as they are entering a world where debt and lack of savings runs rampant? It could be that they have earned these special gifts and now is the time to reward, but another gift may be more appropriate.

With that in mind, a gift that promotes financial education may be better suited for a recent graduate entering the cruel world. Here are a few financially intelligent gift ideas for high school or college graduates that will prepare them for a lifetime of financial success.

1. Publication - Many authors offer books, games and audio/video publications that can prepare anyone for today’s fast-paced world. A few of my favorites are George Clason, Napoleon Hill and Zig Ziglar, to name a few. Their publications provide a variety of knowledge from Biblical guidance to modern day wealth creation. Their books also provide a multitude of information and advice for building a solid financial foundation.

2. Training Seminar – A real estate, entrepreneurship, or similar financial seminar taught by a respected speaker such as Robert Kiyosaki, will provide a lasting impression on a young mind that will last a lifetime. At the seminar they will most likely meet others who are ambitious, and this could be encouraging to a budding entrepreneur. Many seminars are primarily sales pitches to sell products, so make sure you choose one that is educational in content.

3. Whole Life Insurance – While on the surface this may sound unimportant to a young person that is healthy, but it will provide a lifetime of financial stability while providing guaranteed security. Permanent, investment grade life insurance can also contribute to the graduate's continuing education in the future, or for the education of their children. It could also be used for many other financial obligations, or as a loan to purchase a car or home. Primarily they will be protected from unexpected loss or illness, and by showing them how life insurance can be used as a financial tool, you can share with them a gift that will keep on giving.

To learn more about financial gifting to graduates read our newsletter Gifting to Young Adults

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