Category: Article

Financial Education Explained by Danielle: The Curious Case of College Credits

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Jan 24, 2018
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Paying for College, Research, Article, Advocacy
  Dual-enrollment classes are on the rise, providing high school students with yet another opportunity (besides AP test and IB courses) to get a taste of college courses. So what’s all the hype about? Interestingly enough, “the number of students under 18 taking college courses has skyrocketed… [it] went from under 300,000 in 1995 to over 1 million in 2015” (Marketplace). If this impressive statistic doesn’t pique your interest, then let me add,...

Digging Deeper: A Closer Look At Walmart's Reaction To New Tax Law

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Jan 22, 2018
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Article, Current Events, Employment, Career, Economics
One of the highest compliments paid to me by a former student was from a young woman in the first statistics class I ever taught (non-AP)….she said that she “would never read the newspaper the same way again.”  It is through this lens that I would like to present some of the data behind the Walmart headlines last week. Walmart announced that it increase the minimum wage it pays to $11 per hour, and give some bonuses too, as a way of sharing some of the benefits it will...

Let's Get Philosophical: What's the Purpose of Companies?

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Jan 21, 2018
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Current Events, Article, Audio Resource, Ethics, Policy, Teaching Strategies
Make a profit OR serve other constituencies, like customers, employees and communities. The "maximize shareholder value" mantra (a.k.a. the stock price is all that matters) for public companies has been in vogue for the past several decades. However, if pronouncements from a top investor is any indication, there may be a shift afoot. Business teachers might enjoy taking this current event into the classroom and using it to spur a debate. Larry Fink, CEO of BlackRock, an asset manager with over...

What's Trending In Careers?

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Jan 18, 2018
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Career, Current Events, Article, Research
Here's the latest great reads from Beth on new developments with careers: Education and Careers There have been a few articles on a state basis (here is one from Delaware) that advocate bringing back true vocational training to high schools. The expectation that high school produces career-ready adults in a 21st-century economy is unrealistic and counterproductive…..How CTE must change:   We first have to recognize that the current vision is only working for half of our young...

From the Headlines: Another Reason Why We Have To Teach Students To Ask the Right Questions...

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Jan 10, 2018
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Investing, Article, Current Events, Index Funds
Saw this subject line in my inbox this afternoon from Wall Street Journal (subscription required):  Advisers at Leading Discount Brokers Win Bonuses to Push Higher-Priced Products Investors who seek advice from discount brokerage firms might assume the counsel they get is impartial, given how these firms have rejected the old Wall Street model of working on commissions. In fact, advisers at some of the biggest discount brokerage firms make more money if they steer clients toward...

What I'm Reading This Weekend (January 6-7)

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Jan 05, 2018
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Article, Paying for College, Career, Employment, Purchase Decisions
 Thanks to Beth for another great curated list for your reading pleasure:  Career and Employment The minimum wage is going up in 18 states on January 1st. Find out by how much in this article from Money:  18 U.S. states and 20 cities increased their minimum wage on January 1, with bumps ranging from $.04 for workers in Alaska [Are you kidding me?] to $1 for workers in Maine. Washington, which hiked its minimum wage from $11 to $11.50 an hour, now has the highest minimum wage in...

Digging Deeper: Is Gen Z Doomed to Fail at Budgeting?

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Dec 18, 2017
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Budgeting, Debit Cards, Credit Cards, Purchase Decisions, Tips for Teachers, Article, Current Events
  The students in our classrooms today can make it through life without ever touching cash.  Heck, they don’t even have to take a debit or credit card out of their pockets….a few taps  on the phone that is always in their hand and they can pay for things using ApplePay or the Android equivalent, or pay back their friends using an PayPal or Venmo. A student of mine from China said this is how his generation pays for everything back home.  Bottom line: it is just...

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, WebQuest, Article, Activities, Retirement, Investing
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...

Adventures in Personal Finance: Vacationing on a Budget!

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Dec 12, 2017
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Article, Budgeting, Personal Finance
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....

Investing Reminder: Ignore the Noise of the Financial Press

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Dec 07, 2017
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Article, Investing, Behavioral Finance
  Great post here from the Irrelevant Investor that uses recent history to show poorly the financial press predicts near-term stock prices.  Here's how he opens: Could today have been a more obvious “sell the news event?” Of course it wasn’t obvious to me in the morning, and if we closed at the highs I wouldn’t be writing this, but come on. Could this have been any more obvious? The S&P 500 fell 1% from its highs, and closed down a...

What I'm Reading This Weekend

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Dec 02, 2017
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Current Events, Investing, Interactive, Article, Cryptocurrencies, Economics
I am going to try (note the word "try") to make this a regular weekly feature of the blog. The goal: a curated list of articles for your weekend reading that will pique your interest, increase your content knowledge and keep you abreast of trends in personal finance. Thanks to Beth Tallman for generating this first list! Interactive Interactive chart that from St. Louis Federal Reserve showing subprime population at county level. Great discussion starter about economic trends in your local...

Does this look like a bubble to you?

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Nov 28, 2017
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Behavioral Finance, Article, Cryptocurrencies
Headlines on MarketWatch this evening: ----------------- What are the signs I see? Meteoric increase in value without a great explanation for what's driving it Crazy predictions: I remember Dow 40,000 predictions at the peak of insanity around 2000. Well, now we have Bitcoin 40,000! Sober and experienced market observers saying "stay away."  Mushrooming number of funds to invest in the asset class of cryptocurrencies (which may actually keep the bubble inflating as they bid up the assets)...

Article: How Machine Learning Protects Your Credit Card Transactions

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Nov 27, 2017
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Article, Credit Cards, Identity Theft
How many of you have noticed those texts coming from your credit card companies to verify that a recent transaction is a valid one. Maybe, you were buying an item at a store you hadn't shopped at before or you traveled out of the state (or out of the country). Have you ever wondered how those machine learning algorithms are working in the background to help prevent credit card fraud. Wonder no more! Here's an explanation on how the fraud detection takes place (From The Week): A machine learning...

What I'm Reading This Holiday Week

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Nov 21, 2017
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Article, Chart of the Week, Investing
Hat tip to Abnormal Returns, Big Picture Blog and Visual Capitalist which provide a great curated list to start with: David Swenson is nervous (Bloomberg): The legendary Yale endowment manager is nervous about something. Read the article to find out what is keeping him up at night.  Looking for a simple productivity hack (Thrive Global)? Hint: It has something to do with your smartphone! I can never get enough of Jonathan Clements (on our podcast here and here). Here's his thoughts on the...

Article: The Dead Man Fund

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Nov 17, 2017
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Investing, Stocks, Savings, Mutual Funds, Article
This 7 minute article that appeared in Longreads hooked me in the first paragraph:  In 1989, Morningstar, Inc., an advisory service, issued a strongly worded and unusual recommendation to its clients who had placed money with a firm then called the Steadman Funds (later known as the Ameritor Funds). “We urge you to cut your losses and get out,” Morningstar counseled. Doubtless, some investors heeded this advice. Many couldn’t, though, because they were dead. I wanted to...