Kind Capitalism through Youth
Youthful Savings works extensively on eradicating poverty globally by focusing on socioeconomic education to youth. The youth are the future and if we put all of our effort into them, the proof of work shows that the results will yield in stronger communities and world at large.
The Youthful Savings learning ecosystem consists of the following:
- The Learning Marketplace (TLM): A customized socioeconomic learning platform.
- Youthful Savings Marketplace (YSM): A youth owned and operated online marketplace for TLM graduates.
- Youthful Savings Foundation (YSF): A 501(c)3 giving organization that underwrites business investment for youth, community events that promote peace and prosperity and provides higher learning scholarships for those that cannot afford TLM subscriptions.
As the youth prosper, they give 10% of their earnings from YSM back to YSF which invests in more youth. Peace and prosperity is possible if we invest in the youth! More information via our white paper.
- Increase and leverage the participation of underserved communities in India and Indonesia — especially women, low-income, and remote groups — in the creation, development, and deployment of new technologies, jobs, and industries
- My solution is being deployed or has plans to deploy in both India and Indonesia
Southeast Asia has a history of western induced warfare that has caused an unequal balance of gender. Since war requires manpower, women and children are often sacrificed for generations to come. We are at a point now where life changing technology can bring gender and youth equality to the global economy. The power of the pen is just as mighty as the power of the sword.
Youthful Savings offers a solution to gender, education and tech inequality. Education can be the great equalizer and when combined with necessary socioeconomic tools and business skills - socioeconomic parity can occur.
Through the Youthful Savings learning ecosystem, youth and their communities can have measurable growth in mental well-being, economic empowerment and community development. More information about our work can be found via our published white paper.
Although, we are not currently in India or Indonesia, our work can easily be implemented in those countries. We already work with teams in India for some of our technology products. Furthermore, the founder of Youthful Savings comes from an Indian background. Youthful Savings also has a board member that is currently in Jakarta, Indonesia on a United States Department of State assignment (specifically the Department of Agriculture). if given the right opportunity,Youthful Savings is poised to expand to Southeast Asia.
India has a cruel history of a caste system. Furthermore, India believes in "karma." Unfortunately "karma" is utilized as a tool to not help those that are less fortunate (due to the caste system implemented by the Aryan invasion). Karma is used as a way to rationalize a person's status in the country. The combination of history books not recognizing the truth of the disastrous Aryan invasion combined with a rationalization of karma results in a society of people not working together to solve socioeconomic issues. Indonesia also has a history of mass conquering that has created serious poverty. When there is poverty, there are political influences that utilize that as a way to control people. Youthful Savings focuses on freeing people through the power of education and impact driven entrepreneurship. When we focus our energy on youth, we see measurable change in the youth we serve, their communities and the world at large.
The challenge focuses on how workers in India and Indonesia can gain the skills necessary to prosper in the digital age. When people are forced into poverty due to warfare funded by governments, it will take an immense shift in the education system to fix the issues that government created. Also, it will be necessary for that education system to be global in nature and free from geopolitical influence. The current Gross Domestic Product (GDP) system that runs our global economic system requires government spending to create purchasing power. Therefore, historically underserved classes of people that were created by the GDP system are just pawns for the same government spending system that created their socioeconomic class.
Youthful Savings understands that nation driven GDP systems are the cause for poverty. Those that are poor are less likely to fight against the oppression of governments because they do not have the strength since they can barely afford to eat. People deserve financial freedom and an education system that is built to improve their socioeconomic status. If enough youth partake in our ecosystem, the the world will see peace and prosperity. More information can be found on our white paper.
Our learning platform, The Learning Marketplace, teaches youth and their communities necessary real world skills that enhance their ability to prosper. They then graduate and can start their first business on our youth marketplace - Youthful Savings Marketplace. This ecosystem helps youth learn business and character development!
- Delhi
- Concept
The CEO of Youthful Savings is Somya Munjal. She is the founder of the Youthful Savings learning ecosystem and passionate about integrated education as a way to bring the world together and uplift humanity.
- A new business model or process that relies on technology to be successful
We believe kind capitalism through bottom up economics can eradicate poverty - everywhere. It's a bold statement but we have a proven method that works. By investing in youth at a young age and providing them necessary socioeoncomic skills, youth can learn to create business and learn the financial systems that have historically not included them.
Our work can be best seen through our proof of work via our white paper.
Our learning platforms and online youth marketplace are built on Wordpress and custom coding. We also have unique financial management web apps that are built on Ruby on Rails technology. We also utilize Google Classroom as a way to create innovate Live Experiences that capture more youth across the world.
- Blockchain
- Software and Mobile Applications
Our theory of change can be best defined in our white paper.
- Women & Girls
- Pregnant Women
- Children & Adolescents
- Urban
- Poor
- Low-Income
- Refugees & Internally Displaced Persons
- Minorities & Previously Excluded Populations
- Australia
- France
- United States
- India
- Indonesia
Please visit our white paper where we define our goals for the future.
Please visit supplemental info on our white paper where we define how we measure our success.
We need more public and private support. It will take an entire world to understand how important kind capitalism through bottom up economics is. If you want peace and prosperity, you'll need a radical shift in the top down economics we have all been under. More information can be found on our white paper.
Keep applying to things like this so people realize how important this work is! We just hope people actually listen to their hearts and realize that If you want peace and prosperity, then you have to help those on the bottom rise up so that we can eliminate violence and create peace for all!
More info on our white paper.
- Hybrid of for-profit and nonprofit
We have a team of 3 senior adults and then we hire a youth workforce that gets paid in business investment. We currently have 6 youth. Total team is 9 plus we have development teams for our technology in India and Australia.
We have been doing this for 8 years and realize the time is now for everyone to be a part of our ecosystem. Our white paper has more information.
Please visit our white paper we explain our approach of hiring the youth we serve. Everywhere we expand, we invest in more youth that then join our workforce. We are youth owned and operated!
All can be found in our white paper.
We charge a subscription for The Learning Marketplace and we take a small transaction fee on Youthful Savings Marketplace. More information can be found on our white paper.
- Government
It's important we grow in Southeast Asia as the founder comes from that background and we go where there is oppression. Women and children are drastically oppressed in Southeast Asia. It is an honor to serve that region with our solution to poverty!
- Public Relations (e.g. branding/marketing strategy, social and global media)
We have a proven model and could use support on getting the world out about our work so that more people can use our learning ecosystem.
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CEO