Daily News | Market Works card game teaches teens about finance. It also netted this Philly student $35,000 in cash and scholarships.
Stuck at home during the pandemic, high school student Aryan Rana, of Berwyn, began teaching himself about investing, the stock market, and personal finance.Rana, 16, thought others his age needed a fun way to learn more about money, so he invented“Money and finance are bigger concepts [that] you incorporate in your daily life, and not taught in high school,” Rana said in an interview. “Schools aren’t doing enough to teach finance, and online sources are intimidating.
Market Works incorporates concepts like debt, savings, and speculating. The goal is to learn investing and how to grow wealth while also handling expenses and other financial hurdles. His idea won a local competition, catapulting him to a spot among 22 other students pitching their businesses in the national competition. Rana won first place — out of over 1,000 students who took part in the academy this year — on June 4, as he and other buddingAnd it wasn’t just a ribbon he won. Cash and scholarship money followed: Rana took home $5,000 and a $30,000 scholarship to the Rochester Institute of Technology.
Students learn to write business plans, prepare and pitch ideas to investors, obtain financial backing, register businesses and social organizations, develop marketing plans, prepare for trade shows, and sell products and services.
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