Podcast: Tim Talks Tech Tools with Educator Jackie Prester (Mansfield High School, MA)

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Dec 17, 2017
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Teaching Strategies, Tips for Teachers, Current Events, Podcasts, Interactive
It had been almost two years since I last checked in to talk tech with Jackie Prester of Mansfield High School (listen to our first podcast here). Jackie is one of those passionate personal finance teachers always looking to hone her craft by staying abreast of tech tools to boost student engagement and enhance their learning experience. She attends the conferences, demos the products and if a tech tool makes her Top 5 Short List you know that it has passed her "classroom test" too. Oh, and...

Question of the Day: If you invested $1,000 in Netflix stock ten years ago, what would it be worth today?

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Dec 17, 2017
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Stocks, Question of the Day, Investing, Current Events
  Answer: $51,966 (as of 10/31). Remember when subscribing to Netflix meant watching the mailbox for DVDs?  One look at their stock price appreciation lets you know they successfully navigated through the “disruption” to at-home entertainment with the adoption and availability of streaming video.  In fact, they are expected to spend $8 billion on original content in 2018.  As for Blockbuster, they did not fare so well. Netflix’s success earned it a place in...

What I'm Reading This Weekend (December 15-17)

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Dec 15, 2017
Thanks to Beth Tallman for compiling a great reading list for the weekend. Here was my top 10: If you are worried about privacy and want to get your students to take notice about their online behavior then this Phil. Inquirer story should grab your attention:  A study out from Accenture this week found that half of Philadelphia respondents were creeped out by intelligent services running on their digital devices, by software tools they both rely on and fear. Because that smart stuff gets...

Research: Champlain College Report, MAKING THE GRADE, Highlights State Level Efforts on Finance Education at High School Level

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Dec 14, 2017
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Personal Finance, Current Events, Financial Literacy, Research
John Pelletier of Champlain College is out with his biennial report which grades states based on their state-level policies on delivering personal finance education at the high school level. The takeaway from his research: We still have a long, long, long away to go to ensure that all students have access to a full semester personal finance course before they graduate from high school.  Here's a summary of the report:  Although there have been improvements made since our last report in...

Question of the Day: What's the top social media app for teens?

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Dec 14, 2017
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Budgeting, Research
Answer: Instagram by a whisker. From Your Teen magazine: According to new research from the University of Chicago, the top social media apps for teens age 13-17 are Instagram (76% of surveyed teens use it) and Snapchat (75%). Facebook and Twitter are less popular, with 66% and 47% of the teens reporting that they use each app. According to many parents, even if their teens have Facebook or Twitter accounts, the accounts lie mostly dormant. Here's the ready-to-use slides for this...

The Retirement Conundrum: How Can I Engage My Students In Such An Important Topic?

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Dec 13, 2017
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Index Funds, Investing, Retirement, Activities, Article, WebQuest
Ok, I know that retirement is a long way off for your students, which makes it difficult to engage them on the topic. What if the focus instead was on the actions that you students can take in their 20s to set themselves up well for that period far off into the future?  Here's a Washington Post article that lists five actions that 20-somethings can take to get a jumpstart on their "nest egg." Well, it turns out we have an NGPF resource recommendation for each of their tips. Thanks to...

Question of the Day: What's the average lifespan of a toy fad?

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Dec 13, 2017
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Question of the Day, Behavioral Finance, Budgeting
Answer: About 8 months before it gets marked down With the holiday season upon us and the Fingerling in short supply, I thought the answer to this question was instructive in making me think that perhaps it may not last for long. From NY Times article: The $84 billion global toy industry is struggling for the attention of children obsessed with smartphones and tablets. Global toy sales have been growing each year, but at a slower pace than video games. The average life span of a toy fad is about...

Adventures in Personal Finance: Vacationing on a Budget!

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Dec 12, 2017
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Article, Personal Finance, Budgeting
My partner and I were living in New York City. At the time, I was a Physics Teacher/Basketball Coach, and he was a Dental School Student at NYU. Needless to say, what we had in personality we lacked in expendable finances. Both of us were living on a tight budget. Luckily in NYC, that means amazingly tasty burritos from incredible secret hole-in-the-wall restaurants, lots of dumplings, free outdoor showings of the opera at Lincoln Center, and $10 comedy where you catch a celebrity now and then....

Question of the Day: What's the average 401(k) balance for Americans?

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Dec 12, 2017
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Investing, Research, Retirement, Question of the Day, Current Events
Answer: $100,000 From Bloomberg (subscription): Questions: Do you think that $100,000 is enough of a "nest egg" for retirement? I know it is a long, long, long way off but how much do you think you will need to save for a comfortable retirement?  Is it better to start investing when you are young or to wait until you have the basics like a car and house taken care of before first? ----------- Here's the ready-to-use slides for this Question of the Day for your classroom. ------------...

Digging Deeper: The “Amazon Effect”

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Dec 11, 2017
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Purchase Decisions, Economics, Current Events, Research, Chart of the Week
Amazon is so good at keeping prices low, it’s changed how economists think about inflation I was immediately skeptical of the conclusion implied by this headline.  Yes, Amazon is pervasive in everyone’s lives at this point, but could one company permanently shift inflation? I asked my resident economist if this was really a thing. The answer? YES.  This IS a conversation economists are having.  The Quartz article cites Kevin Kliesen, an economist at the St. Louis Fed....

Question of the Day: What percent of Starbucks transactions come from mobile phones?

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Dec 11, 2017
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Checking Accounts, Payment Types, Question of the Day, Research
Answer: 30% From Visual Capitalist:  Here's another fun fact: Starbucks has over $1.2 billion in deposits loaded on Starbucks cards (from MarketWatch), more than many banks: ----------- Here are ready-to-use Question of the Day slides to use in your classroom.  ----------- Questions for students: Have you ever used your mobile phone to make payments? Describe the transactions you have made. What are the advantage of using your mobile phone for payments? Do you think it's easier to...

NGPF Podcast: Tim Talks to Alexis Poggio, a Hollywood High School Student

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Dec 10, 2017
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Podcasts, Student Loans, Checking Accounts, Parent Conversations, Employment
Alexis reached out to me via email a few weeks back and wanted to talk money. She had a high school research project that she was working on and had a few questions for me about financial education. Based on the depth of her questions and her resourcefulness in getting sources for her report (this was a first!), I had my own questions. Listen to the podcast to get answers to these and more: Why is she interested in personal finance? How did a personal finance course that she took her junior...

Question of the Day: Are inventors born or made?

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Dec 10, 2017
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Entrepreneurship, Question of the Day, Research, Current Events
Answer: New research finds that surroundings matter more than genes.  Here are excerpts from the Economist article about this ground-breaking research "Who Becomes an Inventor?": Inventors come from all walks of life: "ARE inventors born or bred? Using tax, patent and academic records, a new study by a quintet of economists follows the lives of 1m American inventors in exceptional detail, including their parental circumstances, the neighbourhoods they grew up in and the colleges they...

What I'm Reading This Weekend (December 9-10)

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Dec 08, 2017
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Current Events, Cryptocurrencies, Retirement, Behavioral Finance
Thanks to Beth Tallman for curating such a great set of informative articles. Enjoy! Bitcoin crossed $16,000 (that's over 50% in less than a week); when will the bubble burst. WSJ still trying to figure out what's behind the meteoric rise (as am I). What's a Cryptokitty, anyway? Even for bitcoin, which is notoriously volatile, the upward lurch was jarring, astounding outsiders and thrilling those who have piled into the digital currency in recent weeks. The rally has been sparked by the...

Question of the Day: What is most important factor in determining the credibility of a website?

Dec 07, 2017
Answer: Design look  From CB Insights report on fast growing FinTech apps: Stanford’s BJ Fogg asked 2,684 people to write about how they assessed the credibility of various websites — design look was mentioned in nearly half of all the comments, significantly more than any other factor. It turns out it's even more important for fintech applications: Design matters in fintech because design is central to a website’s credibility. Design can build up trust or break it...

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