NGPF Podcast: Tim Talks to Troy Murphy, A Retired NBA Star Applies His Talents to Financial Advising

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Apr 12, 2019
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Podcasts, Personal Finance, Entrepreneurship
After a successful 12-year NBA career, Troy Murphy went back to school, earned his degree and is now starting a financial advisory firm. Why? To teach those lucky few who experience sudden wealth to manage their money effectively, from establishing a spending plan to creating model portfolios with low-cost index funds. Troy shares how he managed his first professional contract, some of the highlights of his NBA career and what motivated him to start his new firm. Troy describes the unique...

FinCap Friday: Not All It's Cracked Up To "G"

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Apr 11, 2019
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Current Events, FinCap Fridays
This week's FinCap Friday offers some details about the latest news related to 5G data and cellular service. From lawsuits to big announcements, the media is buzzing! There are some major differences between 4G/LTE data and 5G data, but does that mean everyone needs to push a 5G data plan to the top of their priority list? Find out about that and more below: For those who prefer not to use the online Kahoot quiz, we've recently added a no-tech version with the questions embedded in...

Teacher Tip - COMPARE: Find an Apartment

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Apr 11, 2019
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Budgeting, Interactive
If you've attended a FinCamp this school year, you've participated in the NGPF Fan Favorite project Budgeting with Roommates. As a perfect accompanyment, NGPF Fellow Adam Cole (Needham High School, MA) explains how he uses and modifies NGPF budgeting activity COMPARE: Find an Apartment in his classroom. Watch for some great tips on how to implement this activity in your classroom.   For all of NGPF's budgeting resources, visit https://www.ngpf.org/curriculum/budgeting/...

EdPuzzle Thursday - MANAGING CREDIT: Understanding Your Credit Report

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Apr 10, 2019
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EdPuzzle Thursday
Want to assign videos with built-in questions? We will be releasing a new EdPuzzle video here on the blog each week so that your students can answer questions that are directly embedded within engaging videos. We are excited to share with you a new video each week and a new topic each month! Last week we looked at credit scores and this week...credit reports! Here is an EdPuzzle of a myFICO video, where your students can learn about why lenders look at credit reports, what's included...

QoD: AT&T vs. Verizon: Which has been the better performing stock over the past five years?

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Apr 10, 2019
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Stocks, Question of the Day
Tired of those annoying TV ads comparing networks? Well it's about to get worse...a lot worse!!! With 5G launching on April 11th, here's a look at how the two major wireless carriers have fared over the PAST five years. What do you think the future holds?  Answer: Verizon Questions: Why do you think Verizon has performed better than AT&T since January 2018?  How do you think these two companies make their money? What is the key metric to the health of their businesses?  This...

Question of the Day: What is most common summer job for 16-19 year olds?

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Apr 09, 2019
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Question of the Day, Career
Answer: Accommodation and Food Services (Establishments providing customers with lodging and/or preparing meals, snacks, and beverages for immediate consumption) Questions:  Which job has seen the most growth since 2000? the biggest decline?  Do you have plans to get a job this summer? If so, describe your plans.  What are some of the benefits of working over the summer?  Why do you think that the number of retail jobs for teens has been declining?  Here's the...

Chart of the Week: Periodic chart for asset returns

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Apr 09, 2019
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Chart of the Week, Investing, Stocks
Hat tip to NGPF Fellow Charles Kafoglis for sending a note to me highlighting this set of charts from Callan Associates. Think of the chart below as the periodic table for stock market returns for various asset classes (think stocks and bonds, U.S. based and international). Each column represents one year and each box represents a specific asset class which has a specific color assigned to it. The percentages reflect the returns for that specific asset class. There's a lot to unpack here but...

QoD: What percent of U.S. taxpayers prepared their own tax returns in 2018?

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Apr 08, 2019
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Question of the Day, Taxes
Answer: Among those who filed electronically, 43% prepared their own returns Questions: What do you think are the factors that determine whether someone files their own returns or hires a professional to do it?  Do you hope to be able to file your own tax returns? Why or why not? What are resources that you can use to make filing your own returns easier?  Here's the ready-to-go slides for this Question of the Day that you can use in your classroom. Behind the Numbers (e-file.com)...

Just One Resource - THE FINE PRINT: Financial Aid Package

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Apr 08, 2019
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Lesson Idea, Just One Resource
     In this weekly blog post, the Curriculum team will highlight Just One Resource from our NGPF collection that maybe doesn't get the attention it deserves. Use it this week or bookmark it for later.  [The Resource] THE FINE PRINT: Financial Aid Package The Gist: Students analyze two different financial aid award letters to determine which school is offering a better package.  The Best Parts: Before diving into the financial aid award letters, students...

The "Costs" of Going Cashless

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Apr 08, 2019
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Payment Types
Did you see last week's FinCap Friday on Disappearing Dollars? Here is a bit more on the topic. Earlier in March, Philadelphia Mayor Jim Kenney signed a bill into law that requires brick and mortar stores1 and restaurants to accept cash, becoming the first city in the US to ban cashless stores. New York, San Francisco, Chicago and Washington DC are all reportedly considering similar measures. The New Jersey legislature has passed a cashless ban also, and if the Governor signs it into law, New...

QoD: Which business has the most physical locations in the U.S.: McDonald's, Payday Lenders or Starbucks?

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Apr 07, 2019
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Question of the Day, Financial Scams, Behavioral Finance
Hat tip to Beth Tallman for the idea for this question of the day.  Answer: Payday lenders Questions: Based on this information alone, do you think that payday lending is a good business for the lenders? Explain. Payday loans carry interest rates as high as 600%. Why do you think that people continue to borrow from payday lenders despite these interest rates? What financial advice would you give to someone who finds themselves taking out payday loans on a frequent basis? Here's...

Why We Do What We Do - April 2019

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Apr 07, 2019
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Employment, Personal Finance, Advocacy, Career
This email from a Delaware teacher greeted me yesterday. It came from a student of hers [Bold is mine]: I wanted to inform you that after we learned about pay cards in class I let my friend who was threatened with termination after being offered a pay card know that it was in his legal rights to decline that method of pay. He was extremely excited and wanted to let you know that he is very thankful. He says that Kansas City is not an easy place to find a teen job. After finding out that he is...

Reading List for April 6-7

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Apr 05, 2019
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Financial Literacy, Current Events, Economics, Investing, Paying for College, Insurance
The list is a bit longer today--perhaps more good stuff is popping up during Financial Literacy Month.  In any case, there should be something for everyone here!  Financial Literacy Month CNBC to recognize Financial Literacy Month with special coverage all month.(CNBC) This was today’s CNBC post, crediting you wonderful finlit warriors for helping your students avoid payday lenders!   How much financial education is enough? (Cincinnati.com) What men can learn from the way...

NGPF Podcast: Tim Talks to Ignacio Aguirre, founder of Snowball Financial Education

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Apr 05, 2019
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Podcasts, Entrepreneurship
Ignacio Aguirre is on a mission to use his creative talents to build games that teach young people about money. In this podcast, Ignacio shares his entrepreneurial journey, the inspiration for his "big idea" and how his start-up combines three of his interests. You will also hear how he uses his time with students to gather feedback so he can continuously iterate on his games. Enjoy!  Details: 0:00~1:11 Introduction 1:11~7:03 Igancio’s background and first investments 7:03~8:38...

FinCap Friday: Getting Paid or Getting Played?

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Apr 04, 2019
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Current Events, FinCap Fridays
This week's FinCap Friday offers some information about the latest form of payment for many employees: the payroll card. Particularly relevant for teens, these prepaid debit cards are being offered as an alternative to paychecks or direct deposit. But do the fees that come the cards outweigh the benefits of having them? Find out below:    For those who prefer not to use the online Kahoot quiz, we've recently added a no-tech version with the questions embedded in the presentation...

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