“The Comprehensive Guide To What Dollar Camp Is, How It Works, And What It Will Do For Students.”

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Table of Contents
A Letter From The CEO - “Making The Case” - Page 2 Making The case For Financial Literacy In Today's Youth - Page 3 Money Skills Must Be Learned - Page 4 The Education Gap In High School And College - Page 5 Dollar Camp Fills In The Gap And Breaks The Cycle - Page 6 All About Dollar Camp- Page 7 We Must Reverse This Trend - Page 8 Parents Can't Teach At Home What They Don't Know - Page 9 Parents Cannot Teach Their Children The Skills They Need.... Here's Why - Page 10 Don't Dig The Well When You're Thirsty - Page 11 The Dollar Camp Curriculum and Why It Works - Pages 12-14 Professional Letters Of Reference - Pages 15-17 Testimonials From Parents And Students - Page 18 What To Do Next - Back Cover

Why Stephen Epstein Started DollarCamp...
Hello. My name is Stephen Epstein and I am the founder of DollarCamp. I want to take a moment to thank you for reading our brochure and allowing me to share my vision of the future with you. It is a future where students are educated about money and feel financially empowered. A future where students are not drowning in debt or out of control with their spending. Why Am I Doing This? After I graduated from USC in 2003, I did what many kids today do; traveled abroad and took my time finding the right job. Once I finally found an entry-level job, one that didn't pay well at all, I ended up draining my savings and racking up credit card debt trying to maintain the lifestyle that I had grown used to in high school and college. After a couple years of spending more than I made, my debt grew while my savings shrank. It wasn't supposed to work like this, I thought. I had big dreams for financial success, but they were getting farther and father away, not closer, despite my hard work, promotions, and good intentions. WHY? I didn't realize it at the time, but my everyday actions were jeopardizing my dreams. When I made more, I spent more, just like everyone else I knew. One day, like a lightening bolt, it hit me. I realized that my choices, how I spent my money on a daily basis, were literally trapping me in a job I didn't enjoy and causing all kinds of stress in my life. I decided right then and there to get my financial house in order, pay off my debt, and start controlling my spending. Great intentions, but I had no idea how to do this. I realized that others like myself were probably in the same situation. I wondered if they realized it. Then, I thought of my younger sister who was about to graduate. Would she wind up in the same mess as me? I needed to warn her, but what could I say? Then it clicked, I decided that I would develop a personal finance program for others based on my own attempts to control my spending and get out of debt. If it worked, I would share my secrets, successes, and failures, all the while documenting the process. Guess what? It worked and DollarCamp was born as the direct result of the process. I did not, thankfully, have to reinvent the wheel. I consulted dozens of personal finance books and spoke to accountants, certified financial planners, and all kinds of financial experts. When I told them of my story and my new-found mission, they were eager to help. DollarCamp is now much bigger than me. It has become the stories and wisdom of many people. These nuggets of wisdom are the hard-won realizations from a thousand mistakes made by smart, talented, well-intentioned people. It is my goal to bring this collective wisdom and experience to young people, so that they do not have to make the same mistakes and suffer the same heartbreak as those who have come before them.

Stephen Epstein
Founder of DollarCamp

Making The Case For Financial Literacy In Today's Youth...
According to a 2007 survey by the Jump$tart Coalition for Personal Financial Literacy:
• Students and parents agree that college students are not well prepared to deal with the financial challenges that lie ahead. • Less than one-quarter of students and only 20% of parents say students are very well prepared to deal with the financial challenges that await them after graduation. • The majority of college students say they learn the most about personal finance from their parents, but less than half of students say their parents make a consistent, conscientious effort to teach them. • About 70% of college students cite parents as their primary source for financial information.
Today’s students are tomorrow’s leaders, unfortunately we (parents, teachers, and leaders) are doing a pretty dismal job of ensuring we send them to college with a competent level of financial literacy. As soon as they arrive on campus, they are greeted with credit card offers. While this practice of actively marketing to students on campus is widely considered to be predatory lending, it is legal. Credit card companies donate millions of dollars to Universities for the privilege of marketing on campus. The results are devastating. 50% of students graduate with $5,000 or more of high interest credit card debt. Additionally, students don’t understand how to budget and can’t control their spending, so once they are in debt, it is very difficult for them to escape. So Who’s Fault Is This? The truth is it doesn’t matter who’s fault it is -- what does matter is that WE fix it. Studies performed by the Hartford Financial Services Group and the Jump$tart Coalition for Personal Financial Literacy (available on our website) outline the financial crisis facing our youth. Their case for financial literacy is loud and clear. What Can Be Done? DollarCamp works with schools and parents to bring financial literacy to students. DollarCamp is a crash course on personal finance, specifically designed for students to explore the perils, pitfalls, and problems that financially cripple young adults. This preview pack outlines the issues, how our program works, and how we are effective in getting students on the path to financial security and independence.

Just Because A Student Has a 4.0 GPA Does Not Mean They Will Make Smart Financial Decisions
Smart Kids Are Particularly Prone to Making Mistakes Due to Overconfidence

Money Skills MUST Be Learned.
This Knowledge Gap Applies to Anyone Without a Financial Education, Regardless of Ethnicity, Intelligence, or Background

What Is The “Knowledge Gap”?
• Most students are not taught about credit cards, yet they get them • Students are not often taught about budgets, and therefore don't realize the importance of controlling their spending • Most students don’t know how credit scores are determined, so many end up with poor credit • Many students develop bad money habits due to a lack of financial education

Why Hasn’t Someone Done Something About It Yet?
• Many educators assume that teaching money skills is the parent’s responsibility • Some parents may not want schools to teach their kids about money • Talking about money is seen as taboo • Courses on “Home Economics” seem dated • Colleges don’t reward a curriculum focused on non-traditional (applied) subjects

Our Youth Are Well-Educated Productive Members Of Society With Little Or No Education On These Topics:


Credit Cards, Debt, Savings & Money Management

The Education Gap In High School And College
High School Curriculums Cover Math, Reading, English, Health, Fitness, Foreign Language, Computers, and Even Sex…
There is no doubt that educators are doing their best to prepare students for college and beyond. In fact, the approved course curriculums of today’s high schools and colleges are undoubtedly both comprehensive and enriching.

Middle School Focuses On High School Preparation

However, there is a gap, a hole, a cavernous trench: This void is financial literacy.
Middle School Prepares Kids For High School High School Prepares Kids for College Colleges Force Kids to Choose A Major (Specialize) Since The Majority of Colleges Don’t Teach Personal Finance, Students Enter “Real Life” Without Basic Financial Skills:

High School Focuses On College Preparation

How To: 1) Balance Their Checkbook 2) Control Their Spending 3) Create & Follow A Realistic Budget 4) Set Financial Goals 5) Stay Out Of Credit Card Debt 6) Begin Saving For The Future
Each administrator, educator, and leader can make a difference. We can take this ”Education Gap “ and close it, so our students and children do not make AVOIDABLE mistakes.

College Focuses On “Real Life” Preparation

DollarCamp Gets Students On The Right Path...

Real Life Is Here Without Financial Literacy

Dollar Camp Fills In The Gap And Breaks The Cycle
First Things First - Teach Them To Control Spending And Keep More Of The Money They Already Have!
One of the first things Dollar Camp strives to teach is how , why and what happens if you don’t control your spending habits. Impulse spending , for that matter impulse control as a whole, is something that almost every teenager struggles with. Sometimes acting on the impulse will only cause temporary problems or no problems at all. In other situations , usually when it comes to financial decisions, acting on an impulse usually leads to adding additional burdens of debt and the closure of financial options that would have otherwise been open. Listed below are three example situations where the skills Dollar Camp would have been helpful.
If Something Costs More Than 50% Of Weekly Income - Wait 24 Hours

Don’t Buy A New Cell Phone If The One You Have Works

Always Put 10% Of Every Dollar In Savings

Stay Out Of Credit Card Debt - If You Don’t Have The Money To Buy It Today, You Likely Won’t Have The Money Tomorrow.
In actually , Credit Cards are nothing more than high interest short term loans. Unfortunately, teens today don’t look at it that. The Credit Card companies have done an absolutely fantastic job of making these short term loans look, feel, and taste like free money. While it is true Credit Cards are able to purchase goods and services, they are far from free. What’s worse - not paying them on time often times has repercussions that last months and sometimes years. Dollar Camp educates students on when you should (almost never) and when you should (emergency situations, to build credit but pay off every month, etc) use a credit card and how to manage them. Quite literally, students are misusing the option of Credit Cards because they do not understand them, our goal is to change that.

All About DollarCamp...
What Is DollarCamp?
DollarCamp is a seminar about money specifically created for students to explore the perils, pitfalls, and problems that financially cripple young adults.

What Topics Are Covered?
We discuss myths about money, credit cards, budgets, credit scores, and how to manage debt. We cover all the basics about money and debt.

What Is The Purpose Of The Seminar?
The goals of the course are to raise the level of financial awareness, to inspire young adults to take control over their money, and to enable students to become more responsible for their actions and their choices.

Why Does It Work?
The workshop was designed with input from parents, teachers, students, accountants, and certified financial planners to specifically address the issues facings students. All of the course concepts are based on real-world examples, which students can relate to and will remember.

Uses Real-World Examples to Teach Critical Facts About These Topics:







We Must Reverse This Trend!
According To The American Institute of Bankruptcy, Student Bankruptcies and Credit Card Debt Are Dangerously High








Student Credit Card Debt Student Bankruptcies

Parents Can’t Teach At Home What They Don’t Know
Revolving consumer credit set a new record of $879 billion in January [2007], growing at an annual rate of 1.1%. Based on revised figures, revolving debt rose 1.9% in December and 13.8% in November. According to data released by the Federal Reserve, total revolving credit grew $800 million during January to $879.4 billion. Bank credit card debt (excluding store and gas credit cards) at the end of the fourth quarter was about $750 billion or roughly 85% of total revolving credit, according to CardData ( At the end of January, Americans were $2411.4 billion in debt, excluding home mortgages.

The cycle of lacking financial education is not new to our children's generation. We can look back several generations and see that the basic laws of saving, purchasing and debt have been neglected at home. Said a different way, you and I experienced this same indifference to financial education both at home and in the public education system and so did our parents. The key difference is that if you look back far enough you can see where this shift away from parent based financial education happened and it directly coincides with the credit card and debt boom.

“If Every Parent To Be Was Completely Aware Of The Momentous Requirements They Were About To Undertake, It Would Shake Them To The Very Core, Causing An Immediate Decline In Our Society. Instead Each Parent To Be Is Given Blissful Ignorance Of What Will Be Required, What Sacrifices Will Need To Be Made And What Mistakes Will Be Made Due To A Complete Lack Of Knowledge In Some Areas. This Is How The World Has Operated For Generations.” Author Unknown

Parents Cannot Always Teach Their Children the Financial Skills They Need... Here’s Why:
Some Parents Can’t Control Their Own Spending
Unfortunately, because parents haven’t been taught any better than we are teaching our youth today, many cannot control their own spending and have bad money habits themselves. Parents cannot teach what they do NOT understand.

Many Parents Think Budgets Don’t Work
It is estimated that over 83% of American’s households operate without any budget at all. It is commonly believed that today’s parents do not use a budget because they do not think they work or that they can accurately account for life’s emergencies. Parents who don’t budget have kids who don’t budget.

Many Parents Live Paycheck To Paycheck With Inadequate Savings
Any parent who lives paycheck to paycheck with no savings isn’t doing it because they want to, or enjoy it--or think it’s a smart idea. They have made choices in the past that have created an environment where they can’t do anything BUT live paycheck to paycheck. To ask them to teach our youth how to avoid this would be an exercise in futility. Rich people also live beyond their means and don’t save.

Many Parents Know Their Kids Will Not Listen To Them
Parents love their kids and vice versa--unfortunately love does not always mean that the children will listen. More often than not, (as is commonly known) teenagers ignore what their parents teach and dismiss it as old news, outdated, and inapplicable for them. Students don’t want to listen to their parents.

Save Money Today, So You Have Money Tomorrow - Don’t Dig The Well When You’re Thirsty.
In farming, you do not dig the well when the crops are thirsty, you dig the well before you plant - ensuring you have ample water to keep the crop alive and healthy. As the graph below illustrates , saving just 10% of every paycheck for the next 12 months can be enough money to cover most emergencies including car trouble, layoffs, down payments or other items that are usually paid for by students with credit cards.

$2,400 $1,600 $800
1 2

$9.00 20 4 12

Dollars Per Hour Hours Per Week Weeks Per Month Months Per Year

$8,640 Total Amount Earned

If You Save 10% of Your Income…

After 1 Year: $864 After 2 Years: $1,728 After 3 Years: $2,592

How To Build Credit The Right Way - One Day You Will Need Credit And The Time To Prepare For It Is Today.
At some point in the future, our kids and teens will need an ample credit score to make a purchase - it’s inescapable. Whether it be a home, car or business purchase , credit will come into play and the time to prepare for those purchases is now. Dollar Camp teaches our youth how to use the credit system to build a high credit score that will provide them with more options and avenues that will then in turn lead to more options.

Dollar Camp Teaches That Good Financial Choices Lead To Other Good Choices - And Bad Choices Lead To Bad Ones

The Dollar Camp Curriculum - And Why It Works
DollarCamp discusses the Myths and Realities about budgets. Most people think that budgets don't work, so they don't even try. The truth is that they DO work, if you know how to create a realistic budget and how to implement it. We cover this critical topic in depth and provide a step-by-step instructions for making it work. DollarCamp explains why most budgets fail (for people of all ages). During the seminar we have students create a realistic budget just like this one, and we discuss how to implement it. Almost every financial expert tells people that they need a budget, but very few explain HOW to budget effectively. Effective Budgeting is the key to controlling your spending.A budget serves two primary purposes. First, to make you more aware of HOW you are spending your money. Second, to force you to make choices about WHAT you are going to spend your money on. A budget links your goals to your actions, the past to your future.
Expense Type Groceries Rent Cell Phone Car Insurance Gas Health Insurance Dry Cleaning Lunches / Dinners Out Entertainment Total Expenses Monthly $250 $900 $80 $175 $120 $90 $25 $125 $200 $1,965

While we can't force people to budget, the tools that we provide make it much easier to actually do it.

Credit Cards
DollarCamp explores the myths about credit cards and shows the common financial traps that ruin lives. Once students are aware of the dangers and understand the tricks that credit card companies play, they are much less likely to become victims of predatory lending. The key to using a credit card responsibly is understanding how credit cards work and how they enable impulse spending. If you understand how easy it is to spend on a card, as opposed to with cash (real money), you are more likely to leave the card at home. If you understand how difficult it is to pay off high interest credit card debt, especially on the measly salaries paid to graduates, you definitely will think twice about using the card. DollarCamp uses real-life examples of how people have messed up their financial lives through credit card abuse. These examples are not scare tactics, but rather a wake up call to students.

Albert Einstein said compound interest is the most important mathematical discovery of all time. We show how with compound interest, a lifetime of staying out of debt and savings leads to a secure and prosperous retirement, especially if students start saving and investing in their 20's. Once students realize the power of compound interest, they are much more likely to save more and tend to spend less. Obviously students who are taking on student loans don't have extra money lying around. If they did, they wouldn't take on massive amounts of debt to pay for school. However, getting in the habit for saving for something that you want, like a vacation, new clothes, etc, is really critical. So if students can understand saving alongside spending, it can change the way that they interact with money.

Spending is the primary source for financial troubles. If you can control your spending, you are 75% on the way to a successful financial future. But how? Having a spending plan and the right tools for implementing that plan is the key. Simply being able to create and implement a budget correctly can put you on the path to financial independence.?

Credit Scores
Most students are oblivious to what a credit score is and WHY it is so critical to their financial health. We discuss HOW credit scores work and step-by-step strategies for checking and improving your score and building solid credit. Credit scoring is not an intuitive or logical process items like income are excluded, when it would seem that it would be a big part of your credit worthiness. Students are usually very surprised to find out the different pieces of the credit score puzzle. Once you know, you are much more likely to do something.Having good credit influences which landlords will accept you as a tenant, which employers will hire you, and whether a banker will approve your auto loan or home loan. Credit scores also influence what interest rate you will pay to borrow money. Reviews all the basics and provides tips

Attitudes About Money
DollarCamp explores how attitudes toward money shape people's behavior. We examine the way that people unconsciously make bad choices with their money and how they begin reinforcing bad behavior. Then, we show how good attitudes actually can empower people and give them more opportunity and freedom in their lives. Author of numerous books on personal finance (including Personal Finance For Dummies), Eric Tyson, writes "understanding some of the common feelings and issues surrounding money- avoidance behavior can help in coming to acknowledge and productively change the habits". DollarCamp also believes the link between attitudes and behavior is very strong. You can't build your financial house on a weak foundation. DollarCamp raises the level of financial awareness and challenges students to examine their own attitudes, and how those attitudes might be shaping undesirable behaviors.

Financial Pitfalls
Using real life examples and stories, which students can relate to, we explore the most common AVOIDABLE mistakes that students make with money. It is truly tragic that students ruin their financial lives by making bad decisions that are 100% preventable. Student's financial lives appear simple from the outside. After all, they are not applying for mortgages, purchasing life insurance, or choosing how to allocate their retirement funds among stocks, bonds, and mutual funds. However, despite the apparent simplicity, students are making the WRONG decisions. Personal finance, in many way, is about the DUMB stuff that you DONT do, more than the SMART stuff that you DO. Simply avoiding the most common mistakes makes you much more likely to develop good habits, stay out of debt, and get on the path to a sustainable financial future.DollarCamp reviews these common pitfalls and tries to prevent the most avoidable mistakes.

Certified Public Accountant (CPA), Chuck Stuckey of Wilson, Markle, Stuckey, Hardesty, & Bott
Tax Planning, Wealth Advisory & Financial Planning

CEO, Ed Musselwhite of Mandel Communications
Global Business Communications & Executive Training Company

CEO, Robert Tomasello of Guardian Investment Management

Testimonials From Parents And Students

“Stephen is passionate about personal finance and is highly skilled at teaching people how to handle their money more intelligently.” - Ed Musselwhite, CEO of Mandel Communications

“The principals shared are so vital to a successful financial future for young people.” - Bryan Bauman, CEO of Marketing Strategies Team

“DollarCamp is fun, insightful, impacting, and a fast-paced tour de force.” - David Steven, Entrepreneur
“DollarCamp teaches kids everything they need to know about money for college.” - Chuck Stuckey, CPA

“Ayada Savitall was great, the illustrations were A+, and connecting it to real life hit it all home.” - DollarCamp Student
“I felt the course was positive and empowering.” - DollarCamp Student

“I liked the easy going openness of it. You don’t feel like there are any dumb questions.” - DollarCamp Student
“I wish I had gone to DollarCamp before graduating college, I don’t think I would still be in debt now if I did.” - DollarCamp Student (College Graduate)

What To Do Next
Option 1 - Request A DollarCamp At Your School
Visit contact us and request a Dollar Camp for your school. Each Dollar Camp provided on campus can be done during school hours or after and a portion of the proceeds will be donated back to the school to use however they wish.

A DollarCamp At Your School Teaches Students And Provides Needed Funds!

Option 2 - Free 45 Minute Administrator’s Webinar
Visit administrator and sign up for our next free 45 minute webinar where we will explain in more detail what DollarCamp is and how we work with schools and administrators to bring our program to students.

The Webinar Only Takes 45 Minutes And Is Free!

Option 3 - Visit Our Website And Learn More
Visit and learn more about the curriculum , the speakers, our mission and how we work with schools and administrators.

Or Call Us At 800-615-7597

“All That Is Required For Our Youth To Start Making Better Financial Choices Is Education. All That Is Required For Education Is For Parents, Administrators And Leaders To Want Education To Occur..” Stephen Epstein - CEO Dollar Camp