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.

Author: Tim Ranzetta

NGPF Podcast: Ty Allan Jackson and Dr. Abdullah Al-Bahrani and the story of Danny Dollar Millionaire Extraordinaire

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Feb 26, 2021
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Podcasts, Entrepreneurship, Investing
Call it serendipity. Who knew that Ty Allan Jackson's son setting up a successful lemonade stand would set in motion an amazing sequence of events? A fruitless trip to a book store in search of a kid's book about money led to Ty writing that book. When outreach to 147 publishers came up empty, Ty persisted and went the self-publishing route. Later, Abdullah would reach out to Ty and the collaboration would lead to a curriculum built around the Danny Dollar Millionaire Extraordinaire book....

Question of the Day: What percent of homebuyers in Nov/Dec 2020 made an offer on a house they hadn't seen in person?

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Feb 24, 2021
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Budgeting, Mortgages, Purchase Decisions, Behavioral Finance
Answer: 63% Questions:   Would you consider buying a house that you couldn’t see in person?  What do you think home buyers might miss if they rely strictly on online sources of information? Click here for the ready-to-go slides for this Question of the Day that you can use in your classroom. Behind the numbers (NY Times):  Sixty-three percent of buyers who used Redfin in November and December went on to make an offer on a home they hadn’t seen in...

Question of the Day: What is the largest Black-owned business based on their 2018 revenue (sales)?

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Feb 21, 2021
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Question of the Day, Entrepreneurship
Answer: World Wide Technology (WWT) founded by David Steward with $11.2 billion in revenue Questions:  The founder, Dave Steward, has grown WWT to 5,000 employees. What do you think are the challenges that a founder faces when managing a larger organization?  If you had the opportunity to interview Mr. Steward, what would you ask him?   What do you think are the keys to success with technology companies? Click here for the ready-to-go slides for this Question of the Day...

NGPF Podcast: Armita Hosseini and Andrew Diep-Tran On Why Every Student Should Have Access to Financial Education

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Feb 19, 2021
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Podcasts
They are the next generation coming of age and they are passionate advocates for financial education and are taking action. Listen to Armita discuss why she wrote a book and hear from Andrew about his motivation to start a non-profit. Inspiring stuff! Enjoy! Details: 0:00~1:11 Introduction 1:11~4:21 Armita and Andrew’s backgrounds 4:21~10:30 How Armita and Andrew learned about money 10:30~11:25 The story of how the two connected through LinkedIn 11:25~12:49 Andrew starting...

Question of the Day: What was the first Black-owned business listed on the New York Stock Exchange (NYSE)?

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Feb 16, 2021
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Question of the Day, Investing, Stocks, Entrepreneurship
Answer: Black Entertainment Television (BET) was founded by Robert Johnson, America’s first Black billionaire, and his company was listed on the NYSE in 1991.  Question: How does a company benefit from being listed on a stock exchange? The founder, Robert Johnson, noted that his first job was managing a paper route as a kid. What lessons do you think he learned from that experience? Why do you think BET was such a successful business?  Click here for the ready-to-go slides for...

Question of the Day (Updated): How much did 18-24 year olds expect to spend on Valentine's Day?

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Feb 14, 2021
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Question of the Day, Budgeting
Answer: $184 Questions: Which age group(s) plan to celebrate the most?  Which age group is expecting to spend the most?  What do you think are the most common items purchased on Valentine's Day? Try and name 5 and estimate their cost.  Here's the ready-to-go slides for this Question of the Day that you can use in your classroom. Behind the numbers (National Retail Federation):  As consumers in the United States bought heart-shaped treats and made...

NGPF Podcast: NY Times Columnist Ron Lieber on his new book, The Price You Pay for College

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Feb 12, 2021
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Podcasts, Paying for College, Student Loans
  Ron Lieber returns to the NGPF Podcast to discuss his latest book. This podcast is a must-listen for educators and counselors helping young people navigate the college and financial aid maze. Ron shares his insights into the current "merit aid" system, the emotional baggage many bring into the college decision-making process and also what to look for in a college. His advice will educate, empower and provide listeners with key questions they should be asking. Enjoy!    Details:...

Partnership for Professional Development

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Feb 09, 2021
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Professional Development
Next Gen Personal Finance is excited to be partnering with 22 state financial education organizations to offer free teacher professional development. These new partnerships expand access to high quality, targeted professional development for personal finance in these states, at a time when the need to teach financial skills in school is more urgent than ever.  If you are an educator in any of the 22 states below, we invite you to join us at one of many of our upcoming state-specific...

Question of the Day: What was the first item ever purchased using bitcoin?

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Feb 09, 2021
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Question of the Day, Investing
Answer: Two pizzas. Paid with 10,000 bitcoins which is now worth $450 million. Questions: What do you know about bitcoin? If you have learned about it, what have been your sources of information Do you think it is a good investment? Why or why not? Do you see lots of merchants/stores currently taking bitcoin?  Here's the ready-to-go slides for this Question of the Day that you can use in your classroom. Behind the numbers (Coindesk):  Hanyecz is known as the first person to use...

Question of the Day (Updated): What's the average cost of a 30 second Super Bowl ad?

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Feb 07, 2021
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Advertising, Current Events
Answer: $5.5 million Here's one of the Super Bowl ads:  Questions: What is this specific advertiser trying to accomplish in this commercial? What do you they want you to remember about their brand? In an era with so many streaming services that have trained consumers to watch shows without any ads, why do advertisers spend so much on Super Bowl ads? Which types of companies do you think benefit the most from their Super Bowl ads? Click here for the ready-to-go slides for this...

NGPF Podcast: Paul Merriman discusses his new book, We're Talking Millions: 12 Simple Ways to Supercharge Your Retirement

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Feb 06, 2021
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Podcasts, Investing, Stocks
Paul Merriman is out with a new book, We're Talking Millions, and he is offering at no cost to the personal finance community (link here). In this podcast,  he discusses several of the ideas from the book that literally are million dollar decisions. We also dive deeper into the benefits of dollar-cost averaging, difference between growth and value stocks and what to look for in target-date funds (#1 selected fund for 401(k) plans). Enjoy! Details: 0:00~0:27 Introduction 0:27~12:14 Current...

Question of the Day (REPEAT): A recent research study found that _________ of stock day traders made money over a 12 month period.

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Feb 02, 2021
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Question of the Day, Investing, Research, Behavioral Finance
Given the events that have transpired over the past week with GameStop, this QoD provides great opportunity to discuss the perils of day trading.  Answer: 3% Questions: Why is day trading so popular despite the difficulty of making money consistently? Why do you think it's so difficult to make money day trading?   Do you know anyone who has actively traded stocks? Were they successful for more than a few days? What's the difference between investing and speculating?  ...

Question of the Day: What state has the highest minimum wage? lowest minimum wage?

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Jan 31, 2021
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Question of the Day, Career, Employment
Answer: Highest: District of Columbia at $15/hour, California at $14/hour Lowest: Georgia and Wyoming at $5.15/hour ** (only applies to some farm and seaonal workers) Questions: What types of jobs typically earn the minimum wage? The federal minimum wage is currently $7.25 and was last raised in 2009. Why do you think that so many states have minimums higher than the current federal rate? If you start a job earning the minimum wage for your state, when do you think is the right time to ask...

NGPF Podcast: Jeff York on what it took to become the millionaire custodian

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Jan 29, 2021
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Podcasts
In this NGPF podcast, we open with a conversation with Yanely about the current GameStop situation. It provides an amazing teaching moment regarding the differences between speculation and long-term investing. As for long-term investing, Jeff York, the millionaire custodian, is a case study in the power of patience, of compounding and having a long-term orientation. He shares with us how a personal finance course changed his life, how he invests and why he's passionate about advocating for...

A 15 minute primer on GameStop with Yanely and Tim

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Jan 29, 2021
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Investing, Current Events
Note: This segment is also the beginning segment of the NGPF podcast this week. ---------------------- Yanely and Tim bring you up to speed on recent developments with GameStop stock. Also, check out NGPF's lastest FinCap Friday on this topic: https://www.ngpf.org/blog/fincap-friday/fincap-friday-until-the-game-stops/ ...