Scott Harrison, Ramsey Education, Jim King discussed on The EntreLeadership Podcast
Member today. To get started with elite, click the link in the show notes. All right, in our second conversation, I sit down with Jim king. He's the executive vice president of Ramsey education, and we're going to talk about the relationship between leadership and generosity in ways that you can invest in your community. Here's our conversation. Jim, thanks so much for being on the podcast. Yeah, I'm excited. Thanks for having me. So I was just talking with Scott Harrison and I want to get your take on this. What in your mind is the relationship between leadership and generosity? Man, that's a great question. And Scott Harrison is doing phenomenal things with his charity. You know, the biggest thing I've seen with the relationship to leadership is it really enhances their leadership skills. As a leader, the more generous you are, the more compassionate the more empathy you're going to have towards your teams that you're leading that you're working with. And so it's a great way to not only give back to your team members, but to grow as a leader yourself. Yeah, and everyone wants to work alongside a compassionate generous leader. Absolutely. Right? Absolutely. And it's a character trait at the end of the day to be a generous person. Yes. And there's actions associated with that. So I want to talk about what you guys are doing over Ramsay education. As you lead that team, that is impacting communities around the nation. Obviously, Scott Harrison charity water global impact, but you're really you're zooming in into local communities all over the country, small towns, big cities. What are some of the ways that you guys do that? Man, we do it a lot of different ways, but the biggest way is we provide a curriculum to schools. And so in that curriculum, we weave generosity and giving all throughout the curriculum. It's really one of the pillars, one of the foundational principles that we teach. And so when a student is going through the curriculum, every chapter has got some component on giving and being generous, and so that they're learning that behavior that, hey, when I make money, when I'm out of high school, I'm starting to make some real dollars. I've got to make giving a part of my daily routine my weekly routine and my budgets. And so it just really helps what they learned that a young age because then they can start applying it when they become an adult. Oh, yeah. And we were talking before we got started about entre leadership clients and event attendees. They're always going, I wish my team members went through this kind of curriculum so they had a handle on money before I got a hand on them and now they're going, hey, dude, I don't know how to handle my money. And now I'm demanding raises and it's just not enough money and they're stressed out about it. Exactly. When they handle their money well, they come to work for you as a team member. Well, now they can focus on what you've hired them to do. They can focus on work because that money stress is not a big part of a big part of what they're carrying. And at the end of the day, if they can handle their money well and they can do what God's created them to do, that'd be the end of the world that's fantastic. Man. Yeah, that's a really cool mission, you guys are on. And it's working. 48% of the school's nationwide use our curriculum, which is incredible, and amazing, but clearly the work is not done yet. That means there's 52% out there who are not who don't have this curriculum. They may not have any kind of personal finance teaching in schools, millions of kids around the country that need this. What are the challenges in the education space in particular that's holding kids back from learning this stuff? Yeah, that's a great question. There's two main challenges. Two big challenges that we face working with schools. The first one is time and the second one is money. The time comes into play is because you have a fixed amount of time in a school day. You are in a school from 8 a.m. to 3 p.m., whatever the time frame is. And if you want to put a course or a class into that channel, something else has to remove. They're not going to add an hour to the school day to teach personal finance or to teach anything else. And so it's always a challenge to get time allocated in the school day to teach the topic. The second thing that comes into play is funding money. Schools traditionally don't have a lot of money. And so they tend to be broke or have very low budgets. And so when they want to teach a personal finance course, if they get it approved and it's now in the channel to be taught, that's great. Well, now they have to go pick out a curriculum. And so when the budgets are tight as they are, funding is always an issue that we're dealing with, which is why we work with a lot of companies around the country to help us fund the curriculum for schools. Yeah, it's a really cool business model. You guys have developed. And being a business leader here at Ramsey and you're kind of beholden to the schools out there and what they're able to do. And so a really cool thing you've done is partner with local businesses and private donors who just say, you know what? I want to help my community get this curriculum because I think that's going to make my community better. Yes. That's really cool. Yeah, very much so. And the company's really like to do that because even in today's day and age, customers are looking at companies, their brand loyalty comes from, what are these people doing in their communities? What are these companies giving back? How are they giving back? How are they impacting their communities? And that's one thing as a customer, we look for. And so being able to tie those together and give companies the opportunity has been great. And I had the pleasure of hosting our newest high school curriculum and I had a blast doing it. And what makes it all worth it to me because I put a lot of time and effort into this project and into the scripts and videos to make them engaging for the teens watching. But I love seeing the impact. I love getting messages saying, hey, you make learning about money fun. And I love watching the personal finance curriculum. Do you have a particular story that impacted you that kind of keeps you going? It reminds you what the mission is all about. Yeah, we have so many stories..