What's "human capital"? As part of an economics class project, a group of 12th-grade students at Rio Americano High School entered - and won - a video contest that explains the definition of investing in yourself.
Their 4-minute video placed third in a "MoneyWise Teen" contest, competing against 32 other Northern California high schools.
For their third-place finish, each of the four Sacramento students and their teacher received $150 in ceremonies last week at the Federal Reserve Bank of San Francisco. They are: Rio Americano economics teacher Allie Armstrong and students Mondana Koshfam, Max Hayden, Victoria Quach and Colin Savage.
"What you invest in yourself - your skills, your education - will help in whatever you do in life. It's your 'human resume,'" said Koshfam, 18, who is working on getting her real estate license after graduating in May.
The contest, sponsored by the California Council on Economic Education, was open to students in grades 7-12. They were invited to create a video that explores one of 10 financial concepts, based on the CCEE's classroom curriculum that covers investing, savings, using credit, as well as how to analyze the costs/benefits of buying a car, purchasing a home, getting married, etc.
"We're trying to introduce kids to economic reality, so they can learn from seeing other people's mistakes," said Jim Charkins, CCEE president. "Our ideas they have to carefully consider the benefits and costs of their choices," everything from credit card spending to college costs to living on their own.