About the Author
Tim Ranzetta
Tim's saving habits started at seven when a neighbor with a broken hip gave him a dog walking job. Her recovery, which took almost a year, resulted in Tim getting to know the bank tellers quite well (and accumulating a savings account balance of over $300!). His recent entrepreneurial adventures have included driving a shredding truck, analyzing executive compensation packages for Fortune 500 companies and helping families make better college financing decisions. After volunteering in 2010 to create and teach a personal finance program at Eastside College Prep in East Palo Alto, Tim saw firsthand the impact of an engaging and activity-based curriculum, which inspired him to start a new non-profit, Next Gen Personal Finance.
Question of the Day (AAPI Heritage Month): What company, founded by an Asian American, creates computer chips that power games like Fortnite and Minecraft?
Answer: Nvidia was founded by Asian American Jensen Huang in 1993 and he remains CEO and President today (#186 on the Forbes 500 list too)
Questions:
What are the skills that you need to start a company?
What are the skills that you need to lead a large company with a 28 year history?
Do you think it's unusual to have a founder, like Jensen Huang, still involved in a business 28 years after it was founded? Why or why not?
Huang was separated from his parents at a young age...
Question of the Day: At which point, if ever, do you feel people should have a concrete decision made on their career path?
Answer: 44% of HS Juniors and 37% of HS Seniors responded "Before graduating high school."
Question:
Do you have an idea of a career path to pursue? If so, what career interests you?
What do you think influences people's decisions about career paths?
For your teacher: when did they decide they wanted to be a teacher?
Click here for the ready-to-go slides for this Question of the Day that you can use in your classroom.
Behind the numbers (Junior Achievement):
Committing to a specific...
NGPF Podcast: Bill Bernstein on his latest book, The Delusions of Crowds
GameStop, cryptocurrencies, NFTs...and the list goes on of examples of speculation in today's financial markets. Who better to weigh in on these and other examples of financial speculation than Bill Bernstein. The full title of his new book, The Delusions Of Crowds: Why People Go Mad in Groups, captures the essence of our conversation. In this podcast, Bill discusses the power of narrative to fuel "bubbly" behavior and why social media (think sub-reddit groups like...
NGPF FinLit Bill Tracker: Week of May 2nd
Here's a few recent developments with active personal finance legislation:
Adopted:
Hawaii SCR152 was adopted in final form on April 20th in the Senate. This continuing resolution: "URGING THE DEPARTMENT OF EDUCATION TO COORDINATE WITH THE DEPARTMENT OF COMMERCE AND CONSUMER AFFAIRS TO IMPLEMENT A GRADUATION REQUIREMENT OF AT LEAST A HALF CREDIT IN FINANCIAL LITERACY DURING THE JUNIOR YEAR OR SENIOR YEAR.
In process:
Illinois HR270 was introduced by Rep. Maura Hirschauer on March 5th....
Question of the Day (Updated): What percent of branch banks offer "free" student checking accounts?
Answer:
Questions:
Do you think there are ANY fees with "free" checking accounts? If so, can you think of any examples?
Why do you think that so many banks offer "free" checking accounts to students?
What do you think happens to the account fees after you leave school and no longer qualify for a student account?
Click here for the ready-to-go slides for this Question of the Day that you can use in your classroom.
Behind the numbers (WalletHub):
Student checking accounts, which...
Question of the Day: Which of these apps has the longest terms of service (in words)?
Answer: Microsoft. Estimated to take more than an hour to read.
Questions:
Do you ever read the terms of service on websites?
Why do you think these agreements are so long?
Have you ever cancelled an app after you had privacy concerns?
Click here for the ready-to-go slides for this Question of the Day that you can use in your classroom.
Behind the numbers (Visual Capitalist):
Do you take the time to read the terms of service before you agree to when downloading the latest...
NGPF Podcast: CNBC's Sharon Epperson on why personal finance education matters
Register for CNBC's May 5th event: Invest in Teachers. Ready. Set. Grow.
Details:
0:00~10:53 Current Events with Missbehelpful: Biases Behind Choices
10:53~11:31 A word from NGPF
11:31~13:08 Introducing this week’s guest: Sharon Epperson, Senior Personal Finance Correspondent at CNBC
13:08~16:00 Early money lessons
16:00~17:24 From working in Cairo to working at CNBC
17:24~19:34 Lessons learned as a commodity correspondent
19:34~21:41 Relationships and money
21:41~25:45...
Question of the Day: Can you name one of the five fastest growing states based on 2020 Census data?
Answer: Utah, Idaho, Texas, North Dakota, Nevada
Questions:
What do you think are the factors that drive population growth in states?
What impact does population growth have on economic activity in a state?
Is there a pattern that you see in terms of what region of the country seems to be experiencing the most growth?
Click here for the ready-to-go slides for this Question of the Day that you can use in your classroom.
Behind the numbers (Brookings):
At the high end for growth...
NGPF FinLIt Bill Tracker (week of 4/25)
Here's the activity over the last week:
Colorado's HB1200 "concerning financial literacy standards for public schools, and, in connection therewith, making an appropriation" was amended to add an appropriation of $4,888 and was read for a third time in the House.
Rhode Island
HB5073 AN ACT RELATING TO EDUCATION -- SECURING THE FINANCIAL FUTURE FOR ALL STUDENTS ACT (Provides that the council on elementary and secondary education be encouraged to maintain, publish and update...
Question of the Day: What percent of families have money conversations with children at least once a week?
Answer: 47%
Questions:
How would you answer this question about your family?
If you answered yes, what are the type of money conversations that your family might have?
What do you think are the reasons that 10% of families never talk to their children about money?
How does this percent compare with the 2020 pre-pandemic survey? Why do you think there was such a big change in 2021's results?
Click here for the ready-to-go slides for this Question of the Day that you can use in...
NGPF Podcast: Eva Yazhari describes her approach to impact investing
Details:
0:00~8:52 Current Events with Missbehelpful: Guaranteed Access to Personal Finance Education
8:52~9:28 A word from NGPF
9:28~10:47 Introducing this week’s guest: Eva Yazhari, Co-Founder and CEO of Beyond Capital
10:47~12:39 Early money lessons
12:39~14:48 Transition from college to Wall Street
14:48~17:28 Life as an investment banker
17:28~19:05 What is impact investing?
19:05~20:58 Similarities and differences between impact investing and ESGs
20:58~22:12 What is venture...
NGPF FinLit Bill Tracker Update (4/21/21)
NGPF FinLit Bill Tracker is a one-stop source for financial education legislation. We rely on publicly available information, news sources, and direct communication with legislative staffers and lawmakers to keep the community informed on the 25 states whose legislatures have introduced FinLit bills this session.
Bills moving this week:
Connecticut SB1033 had its second reading on April 19, and received "the formal order for a bill reported out of committee to be printed in the files and...
Question of the Day: What percent of Gen Zers use an online bank?
Answer: 72%
Questions:
Do you have a bank account?
If so, is it an online bank or a bank with physical branches?
What do you think are the pros/cons of using an online bank?
What is one question you still have about online banks?
Click here for the ready-to-go slides for this Question of the Day that you can use in your classroom.
Behind the numbers (Tallo):
While members of Generation Z may be turning to their families for financial advice, they’re also utilizing technology...
Question of the Day: __% of recent college grads are looking for a sense of purpose in their jobs while __% said they find meaning in their work.
Answer: 95% of recent college grads are looking for a sense of purpose in their jobs and 40% said they find meaning in their work.
Questions:
How important is it for you to find a job that gives you a sense of purpose? What type of job do you think that would be?
Do you think it’s difficult to succeed in a job that doesn’t give you a sense of purpose? Why or why not?
Why do you think there’s such a disconnect between those seeking purpose and those finding it?
Click here for...
NGPF Podcast: Dr. Mordecai Brownlee on the importance of financial education at community colleges
I know you will enjoy this conversation with Dr. Mordecai Brownlee, the Vice President of Student Success at St. Philip's College in San Antonio, Texas. We discuss his role at the college, why he cares so deeply about increasing financial capability and several inspiring student success stories. We also discuss the state of financial education in the U.S.; look for NGPF's 2021 State of Financial Education Report later this week. Enjoy!
Details:
0:00~10:13 Current Events with...
Teacher Accounts
To get access to NGPF answer keys, assessments, and teacher-only resources: create a FREE Teacher Account
