Our Mission

FireWorks’ goal is to educate and to engage with the world’s youth to promote their future financial success and to preserve our environment, starting with students.

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The deeper mission of FireWorks goes beyond this simple objective. The 2020 COVID-19 pandemic alone was a wake-up call that revealed how financially unprepared and environmentally destructive humans are.

 

Looking ahead this pandemic may turn out to be a relatively benign setback for the humanity in the overall scheme of things and we should prepare ourselves for even bigger and more unusual surprises. Financial experts exhort that families should set aside at least six months’ worth of living expenses in an emergency fund. But many, here at home, in the US did not have this reserve and were quickly caught off guard right at the onset of the pandemic. A recent Pew Research study found that half of non-retired Americans believe that the pandemic will make it harder to achieve their financial goals. This culminated in some 40 million people applying for unemployment, hundreds of small businesses filing for bankruptcy with many more who were left struggling. Many of these businesses shut down for good. Furthermore, 64% of Americans wish that they had managed their money better during the pandemic. The need for having good financial habits has never been urgent than it is now and fostering these habits from a young age can help prevent such situations later in life.

 

The pandemic has also shown the massive environmental devastation that humans

have been inflicting on this planet. COVID-19 lockdowns have led to a significant decrease in environmental pollution around the world. The air quality in many cities especially in places where it has been historically bad in cities like New Delhi and Shanghai has significantly improved. The reduction in global tourism has allowed nature to take back places that were once hotspots for damage and pollution. The water quality has also improved due to the decreased levels of manufacturing waste and run offs. Not only this, but the reduction in the need for transportation has also made a significant positive environmental impact.

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Our financial decisions and consumption habits directly impact our planet. The more we waste money, consuming things we do not need, the more our planet suffers. Thus, our financial habits are directly correlated with how our planet and environment will shape our quality of life for the future generations.

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There are so many ways students can contribute to keeping the world livable while simultaneously being money conscious. This is where FireWorks wants to make a difference. We educate students in finance and environmental conservation so that

they can be prepared to lead a more secure, happier, and healthier future.

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Indeever Madireddy

Spring 2021