About the Author
Beth Tallman
Beth Tallman entered the working world armed with an M.B.A. in finance and thoroughly enjoyed her first career working in manufacturing and telecommunications, including a stint overseas. She took advantage of an involuntary separation to try teaching high school math, something she had always dreamed of doing. When fate stepped in once again, Beth jumped on the opportunity to combine her passion for numbers, money, and education to develop curriculum and teach personal finance at Oberlin College. Beth now spends her time writing on personal finance and financial education, conducting student workshops, and developing finance curricula and educational content. She is also the Treasurer of Ohio Jump$tart Coalition for Personal Financial Literacy.
A Quick Lesson on LIBRA
Not heard about Libra yet? Facebook announced details about its proposed cryptocurrency (Libra) this week, and set the financial services industry on fire! They could launch Libra as early as 2020, giving its 2.7 billion users the capability of paying and receiving money via WhatsApp or Messenger. Global transactions without fees!!!!
If you aren’t interested in listening to all the analysts and reading all the articles posted within the first 24 hours, here are the basics that I have been...
Reading List for June 14-16
By Beth Tallman
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Jun 14, 2019
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Career, Investing, Credit Scores, Cryptocurrencies, Financial Literacy, Parent Conversations
Careers
Here is a fun one! Take a look at these wacky job titles. It might be fun to have your students guess what each one might mean! (Indeed.com)
Forbes provides another list – this time it is the best employer in each state. Can you guess the best employer for your state? (Forbes)
Managing Credit
This article explains how smart use of a secured credit card can help you build or boost your credit score. Now Amazon is getting into this game. (NYT)
"The Financial Health Network...
Reading List for June 7-9
By Beth Tallman
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Jun 07, 2019
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Financial Literacy, Parent Conversations, Credit Cards, Investing, Paying for College
Financial Literacy/Parenting
In case you didn’t see this in your social media feed this past week, here is the NYT financial checklist for kids heading off to college by Ron Lieber.
Millennials
Deloitte released the results of a study measuring the net worth of millennials (aged 18-35) and found that it dropped 34% from 1996 levels. Education cost increases may be largely to blame. (Yahoo)
On a related note, lack of wealth is one reason millennials are delaying marriage, but they...
Reading List for Memorial Day Weekend 2019
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May 24, 2019
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Generosity, Behavioral Finance, Personal Finance, Investing
Enjoy these Memorial Day weekend reads curated by Beth with a few additions from Tim:
NGPF Podcast guest, Morgan Housel, is at it again with a valuable piece on "Realistic Personal Finance Hacks." My favorite: "A finely tuned BS radar that screams “red alert” when promises of abnormal gains without abnormal sacrifice are offered."
It's a time for advice to graduates, here's a few that caught my attention (interesting to see the overlap since they come from two very...
Reading List for May 18-19
By Beth Tallman
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May 17, 2019
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Financial Literacy, Economics, Investing, Parent Conversations, Career, Current Events
Financial Literacy
New GFLEC study was released and teachers support mandated personal finance. (PRN Newswire)
Tony Isola gives his take on the likely success (or lack of it) of mandated personal finance classes. The issue is not with the concept or the teachers…it is more about the structure of schools.
Education/Higher Ed
The Higher Ed headlines move from Varsity Blues to SATs new score. An “Adversity Score” being added to SAT scores. The student won’t know what...
Reading List for May 11-12
Investing
We will start with Investing this week because this week's biggest news is today’s Uber’s IPO. Here is all you need to know about the one of the largest IPOs! (NYT)
Uber was priced at $45/share--the “low end,” and keeping the valuation at $82B, well below the expected $100B. Looks like “low end” wasn’t low enough. Watching CNBC Squawk Box as the market was “building the book” before the first trade was fascinating as the...
QoD: Nike or Under Armour: Which company's stock has performed better over the past five years?
Answer: Nike, by a long shot!
Nike closed the trading day on May 1 at $85.27, up $35.77 on June 1, 2014, for an average annualized return of 19.35%. Under Armour, on the other hand, closed the trading day on May 1 at $22.82, DOWN from its price of $29.75 five years earlier for an average annualized loss of over 2%.
Here's the chart:
Questions:
What factors do you think contribute to the very different market performance of these companies?
Which products do you personally prefer?...
Reading List for May 4-5
By Beth Tallman
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May 03, 2019
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Economics, Paying for College, Insurance, Investing, Retirement, Current Events
Economics
The jobs numbers were released today. 263,000 jobs were added and unemployment is now measured at 3.6%, a 49-year low. The NYT just published a primer explaining how this is measured.
A second NYT article explains why it has taken so long for wages to rise in the recovery, and which sectors are experiencing the most wage growth.
Paying for college
Apparently states in search of educated folks to fill jobs are offering assistance with student loan debt as a lure. (WSJ)
We...
April 2019: What's New With Taxes?
To answer the question above: Quite a bit.
Beth Tallman provides a detailed response to the question below with links to lots of great sources of information. Thank you for tackling this challenging topic Beth!
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The Atlantic summed up the 2018 tax filing season pretty accurately with the title of their article on the subject in March: “Taxpayers are Very Confused. “ The CBS News article is similarly titled, “Americans shocked by impact of the new tax...
2019 NGPF Changemakers Summit: Reflections (and Results!)
It's been over a month since 100 educators inspired us in San Francisco at the 2019 ChangeMaker Summit. We have just concluded our first set of post-conference conversations. Teacher have been busy in the last month fine-tuning their courses and advocating for more access to financial education at their school, district and state levels. They are truly making change happen!
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Here are the contemporaneous impressions of the summit from Beth Tallman:
I was charged...
Reading List for a holiday weekend (April 20-21)
By Beth Tallman
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Apr 19, 2019
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Financial Literacy, Career, Investing, Behavioral Finance, Payment Types, Retirement, Current Events
Financial Literacy
NGPF is in this list of quality free curriculum (and training) for personal finance teachers—no excuse for not being prepared!(Marketwatch)
Need some inspiration this weekend? Read this Marketwatch piece about Troy Murphy’s pursuit of spreading financial literacy. NGPF fellow Kerri Herrild’s Giving Project and Daniel LaSalle’s Philly Financial Cooperative are the beneficiaries of Troy’s work. Then listen to the podcasts Tim has done with all...
Podcast: Investing Panel with Jonathan Clements and Bill Bernstein in March 2019
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Apr 19, 2019
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Investing, Podcasts, Stocks, Behavioral Finance
What follows is a summary of the Investing panel discussion held at the NGPF Summit in mid-March 2019 in San Francisco. The all-star panel included Bill Bernstein, financial theorist, neurologist, and financial adviser/author, and Jonathan Clements, WSJ columnist, author, educator and blogger at the HumbleDollar.com. Apologies for the inconsistent sound quality.
Details
0:00~4:25 Introduction
4:25~12:42 The stock market game’s traps
12:42~24:20 Importance of friends and...
Reading List for April 13-14
By Beth Tallman
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Apr 12, 2019
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Financial Literacy, Investing, Payment Types, Career, Cryptocurrencies, Current Events
Financial Literacy
Our second list of Financial Literacy Month includes some extra articles on the topic.
An interview with the CEO of Chase Consumer Banking highlights her passion for financial literacy. (NYT)
Annamaria Lusardi presents data/research on why financial literacy matters. (CNBC)
Along similar lines, the St. Louis Fed discusses what financial literacy is. (St. Louis Fed)
MarketWatch republished one of Jonathan Clement’s Humble Dollar posts with the 45 steps to having a...
The "Costs" of Going Cashless
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...
Reading List for April 6-7
By Beth Tallman
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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...
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