Income Buddy | A step-by-step guide on how to secure and maintain sufficient wealth!

Project Team:

Julian , Oliver , Ettiene , Xavier

Status:

New Idea

Social Purpose

Quality Education

What is the problem you found?

After broad interviews we have narrowed our problem down.

The younger generation seems to not have good insight to how much pay and work is worth their time. There is also a lack of knowledge on how to maintain their wealth, rather than having it eaten up by inflation.

We would like to help the younger generation see money not as just a tradable for unnecessary items but as the pillars of their very future.

 

What is your opportunity?

How might we educate the younger generation on wealth management?

Who is your audience?

Our customer of choice are of a younger demographic, as we believe it is the best time to gain this knowledge. Specifically, those in college or university. We chose this demographic to have the most effective change on our problem since this age group is going to be our world's future. College students are also statistically in a poorer situation, whose position needs the most help with money management. Our online guide appeals to this group as an online guide is much more accessible and convenient for students who don't have the time or money to splurge on a large book.

What Is Your Solution?

Income buddy is a life changing concept that can send people onto the right financial path in life. Income Buddy is an organisation, whose products are those for education for a younger generation.

Our main product is an online guide, giving a step-by-step process on attaining a well paying job with tips on wage negotiation and figuring out how much money is worth your time. The course also helps calculate net worth and annual expenses including tips on how to limit spending and how to set aside a satisfactory amount to invest each month.

Our program will include chapters in: 

  • Careers 
  • Saving Money 
  • Investing

Most importantly, the Income Buddy money management course has a dedicated section on investing your assets that is both beneficial to investors, whether you're a beginner or advanced. Unlike financial gurus or money “hacks” on the internet, our guide is transparent to our customers, making sure they understand the risks involved with the transactions we’re dealing with. Each section of the guide has a dedicated writer/s from our team who specialise in each subject.

In conclusion Income Buddy is an institution striving to help make the financially illiterate, literate.  

Support Required

Connections

We would like some help getting our course around and to the right people.

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Challenge

Future of Finance Youth Design Challenge

Location

Victoria

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