How Zogo taught me more about finance in two weeks than college did in four years

by | Apr 27, 2020

Hi! I’m Hannah. You’ll see my name on this blog a lot over the next few months, and I wanted to take some time to introduce myself. Here are some fast facts:

  • I’m a business journalism major at UNC-Chapel Hill, graduating (virtually) in about 15 days.
  • I’ve written about business and North Carolina companies for two summers, first at The Charlotte Observer and then at the Triangle Business Journal.
  • One of my favorite movies of all time is “The Big Short.”

Given all that, you’d probably assume I knew everything there was to know about banks, credit unions and generational spending habits before I even walked in the door at Zogo (well, technically I entered a Zoom chat instead of walking through an actual door, but indulge me). 

And yet, in my first meeting with him, our CEO had to teach me the difference between a credit union and a bank on the spot. I was mortified.

I started interviewing for my job here at Zogo a couple of weeks ago, and since then I’ve probably learned more about banking and personal finance than I did in all the years I’ve been in school — and we’re going on sixteen. 

Given my major and professional experience, I should know more about finance than the average person. And I probably do, on a macro level. I know the difference between a 10-K and a 10-Q. I can talk about the causes of the 2008 financial crisis for hours. I once even read a 2,500 word article in the Wall Street Journal about bond rating agencies for fun

But I have no idea how any of that stuff actually applies to my own life. 

There’s a gap in the system when it comes to personal finance education. Most of my friends, even the responsible ones, have learned how to manage their own finances through trial and error. We take the sometimes-vague advice we get from our parents and put it into practice without really knowing what we’re doing, just hoping for the best. 

And that’s just too risky. I don’t want myself or any more of my friends to learn financial lessons the hard way. 

That’s why I’m so excited to get to work here at Zogo. I think what we’re doing here is more than just necessary — it’s revolutionary. I want to start bridging the gap in financial education. I want to help underbanked populations and the institutions that serve them. I want to create an equitable and more effective world of finance. 

I hope you’ll stick around to watch it happen.

Until next week,

Hannah

Get paid to learn financial literacy

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