Creating a Short Video Can Yield Big Rewards
The top three national winners will receive cash prizes to fund their savings goal
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?
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:
- Email firstname.lastname@example.org and request an official Lights, Camera, Save! submission packet.
- Watch past winning videos and review other information in the submission packet.
- Create a 60- to 90-second video that shows the value of sound money management in a way that will appeal to other teens.
- Submit the video and completed entry form to Zions Bank no later than December 1, 2017.
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.