03/06/2016
Here is our Founder and President, Brian Nowak answering questions from a new follower.
Follower: Why was Pass the Debt started?
Brian: Unfortunately, its a long story, but here is the semi-short version. When I was little, I can remember my Mom balancing her checkbook every Saturday morning. The numbers were interesting, but it was the the process that intrigued me the most. From there, it was learning the concept of supply and demand with sneakers. Remember the days when getting the next pair of cool shoes before the start of the school year meant everything to you? Its okay, admit it. We all did! As a kid, you cannot conceptualize what the cost of goods are and the supply and demand factor. Your a kid! However, as we grow up, we learn the value of the dollar. Unfortunately, some learn at a late time in life. I was fortunate to learn at a young age because I was fascinated by it. Further down the line in College, I finally wanted to turn my passion into something that would benefit future generations. With the help of my team, Erika LaMarch and Everett Burgan, Pass the Debt was created in 2012. Pass the Debt is here to assist our schools with educating today's youth on financial literacy.
Follower: Interesting. I think my bank provides something similar. What is the difference between your organization and the bank?
Brian: That is a great question. We at Pass the Debt are a 501 c(3) non-profit organization. Per the IRS, we must maintain a governing body that is made up of unrelated individuals. Our staff is providing you non-biased information for educational purposes and receive no compensation for the products and services that you may sign up for at a later date. We are simply here to educate.
Follower: That makes sense. Sounds like a great organization. Is there a way I can help?
Yes, you can spread awareness of our organization. If you know someone who works for higher education, please give them our information. Share our page! Visit us at www.passthedebt.org In addition, we accept donations to cover our expenses. Donations to public charities can be tax deductible to the individual donor, up to 50% of the donor’s income. You have until Saturday, December 31, 2016 to make a donation for the 2016 tax year.
