From demanding more ethical and sustainable products to pushing for more transparency from corporations and brands they support, the backbone of today’s workforce is shaping the economy in ways only they can. Dubbed (although sometimes with sting and disfavor from other generations) as the “woke” generation, millennials are increasingly recognized as a politically-aware and socially-conscious collective whose ethics and values are well reflected in their life choices.
This spirit of this generation is well embodied in our featured lender and educator Nicole Santos and her unlikely choices that ultimately led her to make her boldest and most millennial move yet: take out her savings from her first job to invest in young people’s future.
Four years into her stint teaching English in an all-boys private high school, 25-year old Nicole saw herself in a place all too familiar to a lot of young adults figuring their way in the world of financial stability — wrestling with the question: what’s next?
Wherever you come from, kickstarting your financial journey is pretty much like setting on to uncharted waters, and it’s easy to get drowned in a sea of options.
Nicole, after saving up enough for her emergency fund found herself in this sticky situation. Yet, with all the available alternatives, none seems to fit the mold of investment that Nicole could identify with. More than just finding a secure place to park her hard-earned savings, Nicole would like her money to grow in other ways beyond the balance sheet.
Thankfully, a close friend introduced her to the world of impact investing.
Put your money where your heart is
Impact investing refers to the growing niche of the investing industry that looks at investments that are expected to yield more than just financial returns but also generate social and environmental impact.
Unsurprisingly, millennials make up a significant segment of this sector. In essence, people who tend to lean into making impact investments are also keen on diversifying their portfolio and are firm believers that investments you make are an active declaration of your values and advocacies. They stand with a shared belief that money is a tool and it is best tied to a mission to solve the world’s most pressing problems.
This is something Nicole understands and deeply connects with.
Not many who know her would have guessed how Nicole, who is best remembered in the family as the girl who grew up having the company of adults as playmates, would end up taking the path of an educator and settling into a long-term career teaching teenagers — but it wasn’t quite a mystery for her. Ever since she was young, Nicole had always felt at home with the idea of helping others unfold their potential.
Job security for all through education
Ensuring the youth are not left behind
“InvestEd’s mission is to give students the ability, the means, to start, continue, or finish their schooling and make sure that they get employed after,” shares Nicole, defining her personal definition of what InvestEd stands for.
Of course, as a novice in making such bold financial choices, Nicole laid down her reservations at the beginning: “My first question was, will it really be helpful for the Investees (the students)? I wasn’t sure about the model…May guarantee ba that I’ll get my money back?”
Eventually, this question evolved into: does it fit into her financial goals? How risky could it be? After all, financial security remains a priority. Investing will always entail risks and it’s all about weighing the risk she could take vis-a-vis the total benefit, she wondered. For Nicole, however, one thing is non-negotiable: impact comes first.
“For me, the main concern was, are we really going to be helping people or is it going to hurt people?”
Nicole seems to have found her answers, as today, she remains among InvestEd’s first millennial lenders. Since 2016, InvestEd was able to build-up an excellent track record of payment for its lenders who helped fund hundreds of students across more than 170 schools in the country.
A year after taking out her savings from her first job to fund young student dreamers, Nicole thinks about the fruits of her decision: “It seems like a safe investment na I won’t lose in and it’s about something I believe in.”
Learn more about InvestEd’s Investment Program at https://invested.ph/investing and make your first impact investment today!