Rights of Passage

Principle 6

Economic Awareness

The Economic Awareness principle provides our youth with the economic literacy to internalize simple money management concepts. Youth are guided through exercises that establish the difference between a job, career and entrepreneurship which will assist them in identifying the route that is best for the individual. Participants discover the necessary elements of a fair trade, the correlation between income and expenses and the basic principles of budgeting.

Key concepts explored:

• Supply and demand
• Need vs want
• Saving and tithing
• Positive and negative cash flow
• Investing

Seven Principles of Living

1. Personal Growth & Development
2. Health & Wellness
3. Spiritual Grounding
4. Community Consciousness
5. Historical Black Experience
6. Economic Awareness
7. Politics