Last Friday, March 16, students at Riverside Virtual School (RVS) completed a three-day Financial Boot Camp. As a part of the International Business Pathways (IBP) program, students learned about such topics as budgets, debt, credit cards, FICO scores, and consumer skills. Students also took a field trip to Nongshim, a producer of Asian-style noodles, meals, and snacks, based out of Rancho Cucamonga.
Students at the financial boot camp also heard guest speakers from Modern Woodmen and NY Life insurance companies. Alma Hernandez, a senior at RVS, said, "The speakers were pretty interesting because they told us about certain cases that open your mind to what other families have done." She also said, "I really enjoy the [IBP] program because it shows many different ways to manage your money and what goals you need to have if you want to travel or go to college."
The IBP program and Financial Boot Camp have also inspired students to create their own business. Cameron Trauth, a sophomore at RVS, and Cayden Hartshorn, an RVS freshman, have created a website called Fantastic Fishing. "The idea is to buy fishing lures and bait in bulk from Alibaba, and then packacge and ship them to customers," said Cayden. Currently the website is in a draft and has not been posted online. They are also working on a business of creating websites for businesses using their coding skills. "That project is coming along very well," said Cameron. "In the financial boot camp, we talked about taxes and employee benefits that would affect our business."
The International Business Pathways program was created by RVS teacher Dave Dillon and ER$ Consulting Services Founder and CEO Eddy Sumar after they met at a Model United Nations conference sponsored by CITD. The program is currently in its second year at RVS and has expanded to Martin Luther King, Jr. High School in Riverside this year as well. Mr. Dillon and Mr. Sumar continue to look for ways to expand and improve the program for more students throughout the Inland Empire. The Inland Empire Center for International Trade Developmnt is a sponsor of the IBP program.