MMP works to identify and eliminate existing financial literacy knowledge gaps.

In the United States, the California Department of education does not mandate financial literacy coursework for students from grades K-12.

The range of that timespan is over 10 years. It covers the neural development of kindergarten students, at age 5, all the way up through high school students, at age 18.

In California, neither public nor private high schools are required to teach personal finance to secondary pupils.

Similarly, California students in university and college are not required to complete personal finance courses.

Additionally, for US schools in California, financial literacy education is not required as a prerequisite for either initial or renewal regulatory WASC accreditation.

Knowledge gaps, also called information asymmetries, often occur when a technology is new to the market.

At the early adoption stage, users may not yet have access to critical information. Creators and users must work to define the limits of new technology ecosystems.

Over time, as more consumers adopt new products, competitors emerge. Eventually there is a critical mass event—an explosion of built up interest. It is exponential.

In other words, a product becomes mainstream. That increase is sufficient such that corporate marketing departments are incentivised to educate consumers.

One well-known example is cryptocurrency adoption.

Similar to consumers who wish to learn more about crypto, young adults look online to fill their information knowledge gaps. They also turn to YouTube influencers.

MMP encourages students to only seek information from objective and reliable sources.

We are also developing a resource library with the help of a trusted partner.

MMP does more than educate students.

MMP not only teaches students financial planning skills, but also empowers them to coach their peers.

Research shows that students trained to teach a subject to others will put more effort into understanding and applying that subject.

The MyMoneyPlan™ method is centered around three actionable steps:

• Teaching students to take personal financial responsibility,

• Educating student leaders in financial planning skills, and

• Mentoring student leaders as they counsel their peers.

MMP encourages careers in financial planning.

Our resource library and mentoring programs train and support student leaders as peer financial counsellors.

MMP supports the financial planning process.

We train peer counsellors to adhere to the same process of steps, code of ethics, standards of conduct, and fiduciary principles that guide financial planning industry professionals.