When Jose Galindo, a banker in San Francisco, turned 30 years old, he began reassessing his career by reflecting on his childhood.
While he was growing up in Colombia, his parents couldn't afford to provide him with an allowance. So he came up with some inventive solutions to make money. He sold hundreds of homemade brownies and started a small business offering origami paper stars at school.
Later, he helped his parents manage their own finances. Even though they were well-educated, he realized, they were struggling. And they were not alone.
According to a 2015 National Financial Capability Study, only 30 percent of Hispanics demonstrate a basic level of financial literacy. What surprised Galindo even more was that when he searched online for a term like "tarjetas de credito," or "credit cards," looking for self-help material in his native language, the results were seldom useful.