Based on an enduring promise he made to a brother who died four decades ago, Nicholas Josey is teaching a small classroom of young people how to prepare for a life of financial responsibility.
“Who is the most important person in this room?” asks Josey, a 1990 Northeastern graduate who is executive director of the Vincita Institute, a non-profit financial education organization based in Boston. The answer, he says to each student, is you.
Josey wants the students, ages 14 through 19, to assert their own importance—to handle money in ways that will empower them throughout their lives.
Josey left the financial services industry to found the Vincita Institute, which educates and encourages people of all backgrounds to make informed financial decisions. Photo by Alyssa Stone/Northeastern University
The weekly classes in financial literacy are held at Northeastern Crossing in partnership with Madison Park Development Corporation (MPDC), a 56-year-old nonprofit organization in Roxbury, a community that neighbors Northeastern’s Boston campus. Yhinny Matos, a youth workforce manager at MPDC, recognized the need for a course in financial independence based on a survey of people in the community. Her findings led Matos to create courses that focus on finance, creative industries, health care, law, and construction.