Money shouldn’t make the world go round

Scholarship Entrant: Payal from Fishers, IN
Essay Question: If you could earn a living doing what you love most, what would it be, and how would it change the world? Describe the specific goals you would set to make that dream a reality.
Vote for Payal: 201

As a senior at Indiana University majoring in Economics with a minor in business and Spanish, I am looking to help with the finances of non-profit organizations around the world as I approach the start of my professional career. I am passionate about making a change in the lives of others and since finance or lack of money is a major hindrance that doesn’t allow many of the world’s population from attaining basic needs and from obtaining their dreams, I chose to study economics to understand how to properly use finances to distribute wealth evenly. Learning about what numbers mean rather than just simply what they are in my studies has helped me gain a new perspective on life as I now consider the long-term effects of what I do today and the effects it will have on people associated with me. Thus, economics has helped me realize that I have a wholesome life, one that is not only full of opportunities but full of understanding of welfare of myself and others if I use my abilities correctly and strategically.

I have gained a tremendous amount of confidence and experience through my 2 years of experience as a consultant for 180 Degrees Consulting, a student consultancy for non-profit organizations, I worked to generate an implementation plan for a capital campaign to raise $300K for a Bloomington not-for-profit organization and optimized their current pricing strategy by developing three tiers of organization membership and long term membership fee structure. Initially, I wasn’t savvy in money management even though I knew the theoretical knowledge through my courses, but through this opportunity was able to gain first-hand experience to apply what I learned when it comes to trimming unnecessary spending, and stretching the dollar as far as it can possibly go.

Apart from my drive and desire for the economics and finance, I have an affinity for giving back to the community. I truly believe that everyone should have the chance to live their life to their fullest potential and my greatest joy is enabling others to do just that. Over the past few years, I have volunteered at a shelter for abused women and their children called the Middle Way House and have learned that being a humanitarian is not a choice but a duty that I enjoy partaking in. Being a part of the community, trying to assess the needs, and seeing how I can improve it, is my ultimate goal in life.

I feel lucky to have been part of a college community whose diversity has allowed for measured risks and sincerity necessary to achieve goals, and I hope to use the money I receive from the scholarship to continue studying and relieve some of my student debt before graduate to immediately begin my career in something that I believe in and am passionate about.

Vote for Payal: 201

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