Guest Post from Mark Fiedorczyk: Blazing a FinLit Trail (Part 2)

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Oct 15, 2019
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Advocacy, Personal Finance
Mark shares an exciting 2nd step in his FinLit Journey [Read his first post here] -------------------- So….the next step in my journey occurred last week when I presented to the Board of Education. Using the School Board Pitch Template [found on Advocacy webpage]. I was able to assemble a general overview of the NGPF mission and curriculum in addition to adding my own personal, local touches. My presentation was focused on highlighting the real world skills that NGPF delivers in their...

QoD: Coke vs. Pepsi: Which company's stock has performed better over the past five years?

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Oct 14, 2019
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Question of the Day, Investing, Research
Answer: Pepsi Questions What factors do you think contribute to the very different market performance of these companies? Which products do you personally prefer?  Would you make an investment decision based on your personal product preference? Pepsi also has diversified into the snack food business and owns Doritos, Cheetos and Sun Chips while Coke has diversified into the coffee business. Knowing this, which company do you think has better long-term prospects? Explain. Here's the...

TEACHER TIP - INTERACTIVE: Get Rich With Tech IPOs

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Oct 14, 2019
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PRO Tip from NGPF
Amanda Volz brings you another Teacher Tip video on the INTERACTIVE: Get Rich With Tech IPOs. This fun interactive allows students to try and time the market on the IPO for seven well-known tech companies using an online simulation. Amanda provides some tips and implementation ideas for how you can use this activity with your students!For all of NGPF's Investing resources, visit the INVESTING unit page!...

Collaborate with Educators At NGPF Professional Development This Week (October 14-19, 2019)

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Oct 13, 2019
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Professional Development
Here's what teachers are saying about our new Virtual PDs: "Keep it up. NGPF has been the most engaging PD I've attended in years." "I am absolutely inspired...I am more prepared to teach my students in the fall." "Great session! Loved it and will be back for more." We have a full slate of professional development opportunities this week for teachers. Each will help you earn credit towards NGPF Academy. All times listed below are Pacific Time.  Virtual Professional Development: a...

QoD: To tip or not to tip: What percent of people tip at coffee shops?

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Oct 13, 2019
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Question of the Day, Budgeting, Research, Behavioral Finance
I love this question because of the prevalence of these touch screens that get turned toward the customer at time of purchase. Do you feel that nudge...? Answer: 48.5% (median tip is 17% or about $1 tip on a $5 latte) Questions: Do you leave a tip at your local coffee shop/cafe? If so, how much do you normally tip?  Is your tipping behavior based on the service you receive or do you have a consistent policy? Does the presence of a touch screen where the people behind you in line can see...

Interactive Monday: Find Your Career Path...Make More Money!

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Oct 13, 2019
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Interactive, Career
This Work Wise interactive from Bloomberg has students complete a brief questionnaire to find out... After you complete this survey, the interactive takes you through a series of steps: Shows how your income stacks up relative to your peers cuz we know that we all love to know information like this.  Provides tips on how you can increase your current salary Tells you what city you could move to in order to earn more money in your given profession (surprised to learn that personal...

Reading List for October 11-13

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Oct 11, 2019
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Behavioral Finance, Cryptocurrencies, Investing, Financial Scams, Career, Retirement
Behavioral Finance An interesting dive into gender and money: The Myth of the Frivolous Female Spender (NYT) FinTech A longer read from Knowledge@Wharton discussing how FinTech may be helping the underbanked and unbanked. The risk is that many of these services fly under any regulatory radar.   Crypto-currencies Mark Zuckerberg will face Congress to talk about Facebook’s proposed crypto-currency Libra. He will face a tough crowd, (Axios) and now several backers (Visa,...

Digging Deeper: What the Heck are Digital Dollars?

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Oct 11, 2019
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Cryptocurrencies, Economics, Payment Types
What if the US Federal Reserve stops printing currency and minting coins, going to purely digital dollars.  How would this differ from life today, where many of us never actually touch cash? How would this differ from private crypto-currencies?  What role will commercial banks play in this new system? Where does the Federal Reserve Bank stand on this issue? If dollars no longer exist physically, does it change the dollar’s standing globally? Given that the US has not yet planned...

NGPF Podcast: Aleta Smith discusses the importance of financial education for foster youth

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Oct 11, 2019
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Podcasts
Aleta Smith has an incredible story of grit and determination to share in this NGPF podcast. She describes the money lessons she learned from her grandmother, the ambitious savings goals she set to pay for college and how she is giving back in her current role at Excite Credit Union. You will be inspired!  Details: 0:00~1:05 Introduction 1:05~7:04 Aleta’s background 7:04~11:27 From learning how to save to opening a secured credit card 11:27~13:57 Attending community college ...

FinCap Friday: Gotta Habit

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Oct 10, 2019
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FinCap Friday
This week's FinCap Friday takes a look at the ways in which our environments affect our financial habits. With the results of a recent survey about parents, their kids and money, we can see some trends in financial habits among the next generation! The question is, will they be able to find ways to change their financial habits for the better before it's too late? Is it possible to change your own habits, and if so - how? Find out with the FinCap Friday below: If you're short on time, try our...

Payback Challenge: Cleveland!

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Oct 10, 2019
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Internships
Hey NGPF Community!   Welcome to a new installment of Kenna’s Korner!   I'm so excited to share with you all that NGPF is offering additional scholarships in my hometown of Cleveland, Ohio! In an effort to provide additional funding to students who need it the most, NGPF has committed to providing not just 2 honorable mention awards in Ohio - but an additional 15 honorable mention awards and a grand prize winner specifically in the greater Cleveland area. That's a total of over...

QoD: What's the average age of the founders of the fastest growing start-ups (new companies)?

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Oct 09, 2019
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Entrepreneurship, Question of the Day, Research
Answer: 45 Questions: Does this answer surprise you? Why?  Who are some of the young founders that you have head of? What companies did they start?  What do you think are the advantages of starting a company when you are middle aged? when you are young?  Would you like to start your own business someday? At what age?  Here's the ready-to-go slides for this Question of the Day that you can use in your classroom. Behind the numbers (from American Economic Review): Many...

QoD: Would you rather have $1,000,000 or start with a penny and double your money every day for 30 days?

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Oct 08, 2019
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Question of the Day, Savings, Compound Interest, Investing
Good question to show the power of compounding...of course be sure to tell them that no investment would double on a daily basis for 30 days;) Calculators not allowed!  Answer: Starting with a penny and doubling it every day compounds to $10.7 million after 30 days Day 1: You would have $0.02 Day 2: You would have $0.04 Day 3: You would have $0.08 Day 4: You would have $0.16... Day 30: You would have $10,737,418.24. Questions: How much would the penny have grown to on Day 29? How much...

Chart of the Week: New Car Loans

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Oct 08, 2019
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Chart of the Week, Purchase Decisions, Budgeting, Behavioral Finance
Summary: This chart shows the percentage of new car loans and the term of their loans (in months).  Questions: How would you summarize the trend in the length of new car loans over the past decade? Increasing or decreasing? Which loan term has seen the sharpest increase in the past decade?  What is the relationship between the term of the loan and the amount of the monthly payment? The longer the loan term, the _______ the monthly payment.  The _________ the loan term, the...

Guest Post from Mark Fiedorczyk: Blazing a FinLit Trail

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Oct 07, 2019
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Advocacy
This is my first attempt at blogging, but my involvement with NGPF has helped me embrace many new experiences. It all started with the State of New Jersey requiring middle school students to have coursework in Financial Literacy effective for the 2019-2020 school year. As a Regional Supervisor of Curriculum and Instruction my next thought was “ How will I make this happen?” Relevant curriculum is extremely hard to generate, and even working in collaboration with teachers, “Who...

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