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TO LEARN MORE ON HIS TAKE ON THE
POLITICAL ISSUES, HEAD TO
WPRI.COM.
TODAY IN YOUR MONEY, GENERAL
TREASURER IS LAUNCHING A POWER
RI, A POWER INITIATIVE FOR RHODE
ISLANDERS.
JOINING ME IS THE GENERAL
TREASURER.
GOOD MORNING.
GOOD MORNING.
THANKS FOR COMING IN, IT
SOUNDS SO STRONG, TELL ME WHAT
THIS PROGRAM ENTAILS.
EMPOWER RI, IS A PROGRAM I
LAUNCHED FROM MY OFFICE WHICH IS
A SERIES OF DIFFERENT PROGRAMS
TO HELP PEOPLE BETTER MANAGE
THEIR MONEY.
SAVE FOR COLLEGE, BUDGET, WATCH
OUT FOR CREDIT CARD DEBT.
SO I THINK A STRONG RHODE ISLAND
STARTS WITH STRONG FAMILIES THAT
AREN'T IN TOO MUCH DEBT THAT
WITH HAVE A BUDGET THEY CAN LIVE
WITH.
IT'S ABOUT FAMILIES BEING STRONG
IN RHODE ISLAND.
IT'S NOANT ALL RHODE
ISLANDERS, I THINK WE FOCUS A
LOT ON PEOPLE SAVING FOR
COLLEGE, BUT IT REALLY IS ACROSS
THE BOARD, CORRECT?
ABSOLUTELY.
I MEAN, WHO COULDN'T USE A HAND,
YOU KNOW, TAKING CARE OF THEIR
BUDGET, WATCHING OUT FOR CREDIT
CARD DEBT?
IT'S SO EASY TO SPEND MONEY
THESE DAYS.
WHEN WE WERE YOUNG YOU HAD TO
THINK ABOUT WHAT YOU WANTED TO
GO TO THE STORE.
NOW YOU PICK UP THE PHONE AND
BUY AND YOU SPENT TOO MUCH
MONEY.
THE BILLS COME TO HIT YOU.
HOW DO PEOPLE TAKE PART OF THIS?
RIGHT, SO THE PROGRAM THAT WE
ARE MOST PROUD OF THAT WE
LAUNCHED IS THE FINANCIAL
COACHING CORPS.
IT'S A PROGRAM WHERE YOU CAN GET
ONE-ON-ONE CONFIDENTIAL
FINANCIAL COACHING LIKE GOING TO
A PERSONAL TRAINER TO WORK OUT.
THIS IS GO ON MY WEBSITE, AND ON
THE TREASURER'S WEBSITE THERE'S
A SECTION CALLED "EMPOWER RI"
THAT TALKS ABOUT THE FINANCIAL
COACHING CORPS.
YOU CAN SIT DOWN WITH SOMEONE
AND HAVE A ONE-ON-ONE FREE
COACHING SESSION.
AND IS THIS DONE SNOIN YOU I
KNOW YOU GO TO THE WEBSITE TO
SIGN UP.
ARE YOU SPEAKING ONLINE OR DO
YOU SET UP AN APPOINTMENT TO
SPEAK WITH SOMEONE IN REAL LIFE?
YOU SET UP AN APPOINTMENT TO
SPEAK SW SOMEONE IN REAL LIFE.
WHAT WE HAVE LEARNED OVER THE
YEARS THE MOST IMPACTFUL IS
IN-PERSON, TAILORED TO YOU.
I WOULD COME IN, IN PERSON IN A
COFFEE SHOP, IN THE OFFICE, AND
SAY, OKAY, THIS IS MY BUDGET,
THIS IS MY CREDIT CARD DEBT.
HELP!
SO WHAT KIND OF MATERIALS DO
PEOPLE WANT TO BRING WITH THEM?
I THINK YOU WANT TO BRING IN
ANY KIND OF BUDGET THAT YOU
HAVE, YOUR MORTGAGE PAYMENTS, A
LOT OF PEOPLE UNFORTUNATELY ARE
STUCK IN PAY DAY LOANS OR A
SERIES OF THOSE LOANS.
YOUR STUDENT DEBT PAYMENTS.
BRING IT IN, YOUR WHOLE
FINANCIAL SITUATION.
THESE COACHES WILL HELP YOU GET
ON A BUDGET, GET OUT OF DEBT,
PLAN FOR THE FUTURE.
ATES WHOLISTIC SITUATION JUST TO
GIVE PEOPLE A HAND.
AND IF YOU WANTED TO GO, SAY
YOU DID HAVE A FAMILY, WOULD YOU
BE ABLE TO GO TOGETHER, WITH
MAYBE YOU'RE A COLLEGE STUDENT,
YOU WANT TO HELP THEM OUT?
ABSOLUTELY, OR A COUPLE.
YOU HEAR THE STATISTICS, THE
REASON WE'VE LAUNCHED THIS
PROGRAM IS THERE'S A REAL NEED.
RHODE ISLANDERS HAVE THE FIFTH
HIGHEST CREDIT CARD DEBT IN THE
COUNTRY.
THE MAJORITY SAY THEY DON'T HAVE
ANY SAVINGS ACCOUNT FOR A RAINY
DAY.
SO GO IN WITH YOUR FRIEND OR
SPOUSE OR WHOEVER, AND SAY, WE
WANT TO BE FINANCIALLY
EMPOWERED.
WE DON'T WANT TO BE IN DEBT, WE
WANT TO BE SECURE AND EMPOWERED
AND LIVE THE LIFE WE WANT TO
LEAD.
SO LET'S GIVE THEM A HAND.
AND WHO WOULDN'T WANT TO HAVE
THAT?
EXACTLY.
THANK YOU SO MUCH, IT'S BEEN
HAVE I EXCITING.
TO FIND OUT MORE ABOUT EMPOWER