Workshop teaches financial independence tools
Sailors assigned to Fleet Activities (FLEACT) Yokosuka participated in the quarterly Million Dollar Sailor workshop held in the Community Readiness Center, April 24-25.
The Million Dollar Sailor workshop is a two-day class designed to inform Sailors and Department of Defense employees how to be financially responsible and successful by introducing them to different wealth building methods.
“A lot of times we mismanage our money because of a lack of knowledge,” said Vonnita Murray, a work and family life financial specialist and course instructor. “My hope is that we reach as many individuals as we can to help prevent them from mismanaging their money and damaging their credit or livelihood because of financial stress.”
The class covers many topics and tools that help Sailors earn their financial independence. Over the two days, the course facilitators discuss many of the available resources that may be overlooked due to a lack of familiarity or understanding, including investing, stocks and bonds, account types, interest and goal management.
“The things I learned will change my family’s future a lot,” said Master-at-Arms 2nd Class Nicholas Sulu. “I recommend... You can learn things that will greatly increase your chances of success or help you repair damage that you’ve done in the past and move forward.”
According to Tricia Marino, one of the course instructors, the genius of the program lies in prevention, and starting early. She said the two-day course is a great investment of time.
“I think the benefit of having people take this class is that it will actually save a lot of man hours spent having to correct their finances later on,” said Marino. “That is the problem we see most often. People come to our office for hours at a time trying to fix problems that could have been avoided if they had some basic financial knowledge.”
For more information on the Million Dollar Sailor course and other Fleet and Family Services Center courses visit their website at: www.cnic.navy.mil/Yokosuka/Fleetandfamilyreadiness/supportservices/index.htm,or call 243-3372.