Frequently Asked Questions

Who can join the Millionaire’s Club?
The Millionaire’s Club was developed for high school years, though middle school and college-aged members can join and benefit from the Millionaire’s Club. While the Millionaire’s Club was developed for high school years, middle school and college-aged members can benefit from the Millionaire’s Club. It’s never too early (or late) to begin building personal finance skills. 

What are Millionaire’s Club meetings like?
Millionaire’s Club members can participate in either teacher-led, school-based Clubs or independently through an online self-study approach available on this site.

School-based Clubs usually have 15 to 50 members that meet weekly.

Self-study Clubs can be one member, or a small group of friends (2-5) who meet regularly to independently learn, join in competitions, and plan their entrepreneurial project.

How long does the Millionaire’s Club take to complete?
There are 27 distinct lessons in the Millionaire’s Club.

School-based Clubs generally meet from October through April with 60- to 90-minute meetings held every week or every other week.

Self-study Clubs are paced according to the Club member’s preference. Motivated members can proceed through the 27 lessons quickly or stretch out the lessons at a leisurely pace.

Are there competitions available through the Millionaire’s Club?
Club members can compete locally, regionally, and nationally through structured competitions. These include:

• The Stock Market Game™
• The Personal Finance Challenge™
• The Economics Challenge™

Nominal registration fees (approx. $15 per team) may apply to participate in the Stock Market Game™.

The Personal Finance and Economics Challenge are played as school-based teams. So if a group of friends are competing in either of those competitions, they need to be attending the same school.

How can I join the Millionaire’s Club?
For school-based Clubs, check with your guidance office to see if your school offers a Club you can join.

If your school is not currently participating in the Millionaire’s Club, encourage a teacher to establish a Club at your school.

You can join a self-study Millionaire’s Club at any time. If you or your parents are members of a credit union, ask the credit union if they offer a Millionaire’s Club, or find a local credit union that offers a Club, join that credit union, and access their Millionaire’s Club.

Who can participate the Millionaire’s Club? The Millionaire’s Club was developed for high school years, though middle school and college-aged members can join and benefit from the Millionaire’s Club. How often do Clubs normally meet? The Millionaire’s Club school year typically begins in mid to late October and tuns through early April and meet once a week or once every other week. Is this an after-school activity? Clubs meet either after school or during the school day as part of a related course or during designated club periods. Is there a typical Club size? Clubs vary from as few as ten members to fifty or more. How extensive is the complete course? The Millionaire’s Club course work is divided into six topic-related modules. Those modules are further divided into four or five focused lessons for a total of twenty-seven lessons. Are Club materials provided? Teachers registered on this site have access to the Millionaire’s Club Lesson Plan, which brings all the components of the Club together into a single document that you can download or view as an eBook. You are also provided digital materials that include:

• Module overviews
• Teacher guides
• Student materials
• Lesson slide deck and handout
• A module email to shared with members’ families
• Module-related assessments, challenges, and activity forms

What competitions are available through the Millionaire’s Club? Club members can compete locally, regionally, and nationally through structured competitions. These include:

• The Stock Market Game™
• The Personal Finance Challenge™
• The Economics Challenge™

Details and links to these competitions are found in the teachers’ section of this site. What is a Club Sponsor? Millionaire’s Clubs have Club Sponsors who are typically community-based credit unions. What you can expect from your Credit Union Sponsor is outlined in the Club Agreement, a simple one-page document. Contact a local Credit Union and tell them you want to start a Millionaire’s Club financial education program. Refer them to this site where they can register and find all they need to sponsor your Club. What does my Club Sponsor do? Your Sponsor can:

• Provide seed funding to help defray costs associated with the Stock Market Game™, your entrepreneurial project, or other Club-related expenses.
• Provide guest speakers who bring their professional expertise to your Club members on various personal finance topics.
• Help with Club-related supplies like a Club banner.

Your Sponsor’s responsibilities are detailed in the Club Agreement. What is the entrepreneurial project? As part of their learning experience, your Club is encouraged to create, plan, budget, and execute an entrepreneurial project. In addition to providing hands-on business experience, the project generates funds to help sustain the Club beyond its initial seed funding. A business-planning template is included in the teacher materials page to help Club members with their project.

What is a Millionaire’s Club Sponsor? Millionaire’s Clubs, whether school-based or private-label, benefit from the support of credit unions that serve as Club Sponsors. Why would a credit union elect to be a Club Sponsor? Club sponsorship presents several benefits:

• Demonstrates your commitment to your members’ financial success, starting at an early age
• Provides an opportunity for you to form a meaningful bond with young members and their parents
• Allows you to reach out into your community through school-based Clubs
• Helps spread the benefits of credit unions’ nonprofit financial services model
• A privately-branded Millionaire’s Club site requires minimal financial and human resource commitments

What are Sponsor commitments to a school-based Millionaire’s Club?  Commitments to school-based Clubs are spelled out in a Club Agreement.  Those commitments include:

• Providing seed funding to help defray costs associated with the Stock Market Game™, the entrepreneurial project, or other Club-related expenses.
• Providing guest speakers at occasional Club meetings to discuss various personal finance topics.
• Helping with Club-related supplies like a Club banner.  Contact us >

How does a Sponsor launch its own privately-branded Millionaire’s Club? Private-label Millionaire’s Clubs bear the name of the sponsoring credit union and are offered as a self-study program with members afforded access to the same materials, competitions, and projects as school-based Clubs. With private-label Clubs, the sponsoring credit union is provided their own branded Millionaire’s Club site they can promote to young members and parents. Depending on the degree of customization required, one-time site development fees are approximately $________. Annual site-hosting costs are $_________. Use the “Contact Us” link on this site’s homepage to inquire about private-label Millionaire’s Club sites. What is a Sponsor’s financial commitment to a Millionaire’s Club? A Sponsor’s level of financial support for private-labeled Millionaire’s Club site is for one-time site development and annual hosting fees. Financial support for a school-based Club is defined in the Club Agreement between Sponsors and their Club-hosting schools. Traditionally, support is $500 per year for the Club’s first three years. This support helps defray:

• Registration fees associated with the Stock Market Game™
• Start-up funding for the Club’s entrepreneurial project
• Other Club-related expenses such as field trips, supplies, etc.
• Clubs are expected to become financially self-sufficient at the end of their third year through an annual entrepreneurial project.
• If Club members are not participating in the Stock Market Game™, are not performing an entrepreneurial project, and are not incurring additional expenses, schools and Sponsors can agree that no funding will be provided.

Can you provide a list of typical steps in creating a Millionaire’s Club? Yes. View the Fast Start Guide, a brief, step-by-step document for establishing school-based Clubs. What competitions are available through the Millionaire’s Club? Club members can compete locally, regionally, and nationally through structured competitions. These include:

• The Stock Market Game™
• The Personal Finance Challenge™
• The Economics Challenge™

Details and links to competitions are provided in the teachers’ section of this site and also on privately-branded self-study sites.