Creating a Short Video Can Yield Big Rewards

Remember doing story problems in math class back in your school days? See if you can figure out the answer to this one:

Kelly hears about a video contest with a first prize of $5,000. To earn the prize, the student has to make a 90-second video that shows the value of sound money management in a way that will appeal to teens. What is the hourly rate of this prize?

Solution:
If the winner gets $5,000 for a 90-second video, then 60 seconds of the video would yield $3,333.33. Multiplying by 60 to get to one hour and you get an hourly rate of $200,000.

Not too many people get paid at this rate of earnings. But one talented teen will win $5,000 with secondary prizes of $2,500 and $1,000. Of course, a quality 90-second video takes much longer than 90 seconds to make. But even if a student spent five hours making a video, that still works out to $1,000 an hour.

Do you know any young people between the ages of 13 and 18 who like making videos who could use a $5,000 prize? Do you think they could free up a few hours of time to make a video that could earn some big bucks?

Let them know about the American Bankers Association Foundation’s Lights, Camera, Save! video contest.

It takes just four easy steps to submit a video that could win a prize:

Zions Bank has promoted the ABA Foundation contest for a number of years, and local students have become finalists two out the last three years. The top three national winners will receive cash prizes of $1,000, $2,500 and $5,000 to fund their savings goal. We’d like to see another local student winner this year.