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Financial advisor Byron Ellis talks money with high school students

By: Liz Grimm
| Published 03/28/2017

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THE WOODLANDS, Texas -- Financial adviser Byron W. Ellis recently spoke about personal finance to a dozen eleventh-grade high school boys from The Woodlands’ National Charity Roundtable (NCR) organization at the YMCA Branch Crossing.

Ellis’ presentation, entitled “Seven Things You Can Do To Be A Millionaire,” covered topics about money management and checkbook balancing. Among the seven tips shared were to set goals and write them down, open a checking account and balance your statements, understand that debt can kill you financially, give 10 percent / save 10 percent, saving and why compounding interest over time is your friend, automate your savings and bill paying, and to have a written budget.

Byron W. Ellis, CFP, CLU, ChFC, CRPC, is the Managing Director and Wealth Adviser of the financial advisory firm of United Capital in The Woodlands (formerly Ellis & Ellis).

NCR of The Woodlands Class of 2018 member Jacob Grigsby said, “As a teenage boy who has a part-time job with a steady flow of income, there was no doubt I needed help managing my money. When the end of my pay period would draw near, I noticed my bank account would diminish without me even realizing it. There was most definitely something that needed to be done in order to help me control my money. Our NCR class had a meeting approaching about finances, and I was not expecting much from it. I thought it would be something more beneficial for adults than us teenagers. As Byron Ellis took charge and engaged with the audience from the start, we were all amazed at how simple money really is if you don't over think it. Byron explained all of his tips into great detail and visually demonstrated moving money right before our eyes! He made it very easy to understand not so easy concepts like compound interest and a ROTH IRA. When the talk was finished, I had gained a bountiful supply of information that will forever last my whole life.

Jacob Grigsby continued, “Before the meeting, I would throw my money around to people or places because I always knew there was another paycheck coming in two weeks. I was quite mistaken as Byron helped me come to the true realization that your money really does go somewhere, and often without you even realizing it until it is all gone. After hearing his incredible talk, I feel as though I am managing my money much better and I have a better understanding of the world and the economy. Thank you Byron Ellis for the lifelong tips you have taught me. I couldn't be more thankful for the my new knowledge!

Connie Grigsby, NCR of The Woodlands parent volunteer echoed, “Byron has spoken to NCR kids before and he always does an amazing job explaining personal finance success to young people in a way that is very informative and easy to understand. We appreciate his generosity in sharing his wisdom and time to hopefully influence these emerging young men at an early age.”

Ellis added, “I am passionate about speaking to young people about money. As a kid, I would read Money magazine just for fun. There was always a regular section that would highlight a family, their current financial situation, and what they wanted out of life. I loved to read what the ‘professionals’ had to say to the family. After spending years and my education learning as much as I could about money and ways to use it to do the things that people really want to do, I became a professional financial planner. In April of 2015, I was actually one of the professionals counseling a couple on Money.com. Life had come full circle!”

Ellis says he’s enjoyed helping families with their financial life management since 1989, often serving as a student, educator, coach, counselor, and expert … often all in one meeting. “I truly believe money decisions are not really about money. Instead, they are more about who you are and what you love and act as a tool to help you live out your values,” explained Ellis.

National Charity Roundtable is a 501(c) 3 organization. It has approximately 170 families in its membership which live in South Montgomery County, The Woodlands area. NCR identifies the needs that exist in the community and assists with these needs whenever possible. NCR provides experiences for its members to enhance social development and personal confidence, and broaden cultural development. For more information visit www.ncrwoodlands.org.

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