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: What percent of Black Friday shoppers expected to shop online?
Answer: 64%
Questions:
Did you do any shopping on Black Friday?
Do you have a budget for holiday gifts this year?
Do you think it's easier to spend more online than when buying at a store? Why or why not?
Here's the ready-to-go slides for this Question of the Day that you can use in your classroom.
Behind the numbers (Deloitte report):With shoppers significantly cutting back on in-store visits, the demand is high for convenient options to meet safety needs. In...
NGPF Podcast: Carolyn Cooper and her student Pranav discuss the importance of financial education
This NGPF Podcast features an 11-year old student, Pranav, and his teacher, Carolyn Cooper. When you hear Pranav describe his investment philosophy, it becomes clear that he listened to his teacher. Carolyn shares her story coming to the U.S. as a middle-schooler, her career as a CPA and her passion for financial education. Enjoy!
Details:
0:00~1:36 Introduction
1:36~17:55 Pranav
1:36~3:40 Pranav’s introduction
3:40~6:51 Pranav’s first business: Bun-Bun Bunny Sitting...
Happy Thanksgiving!
The team at NGPF wishes you and your family a safe and Happy Thanksgiving!
The NGPF Blog will return on Sunday, November 29th....
Question of the Day: What percent of Americans donated time or money in the past year?
Answer: 73% donated money and 58% donated time
Questions:
Have you ever volunteered time or donated money in the past year?
What did you do?
How did the experience make you feel?
Why do you think people feel good after donating time or money even if they know they’re not going to receive anything in return?
What are some ways you can be charitable in your town or city?
Here's the ready-to-go slides for this Question of the Day that you can use in your classroom....
Question of the Day: What's the cost of a Thanksgiving dinner for 4 in 2020?
Answer: From $28 to $58 (rounded up) depending on where you shop
Questions:
Assume you have an extra $10 to spend, what additional food items would you add to this list for Thanksgiving dinner?
Do online research to make sure you’re not spending more than $10.
What are you thankful for this Thanksgiving season?
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Extension MATH Activity: Costco was not included given the bulk size of the products they sell (Thanksgiving leftovers might last through New...
NGPF Podcast: Bob Swift gives back by teaching the next generation about money management
As founder of a wealth management firm, Bob Swift noticed that many of his clients asked him to also educate their children about money. That led he and his wife to start a foundation and a program specifically designed to work with clients who lacked access to high quality advisory services. It's an inspiring story and one that demonstrates commitment, passion and impact. Enjoy!
Details:
0:00~1:40 Introduction
1:40~5:01 Background in investing
5:01~8:06 What is a fiduciary?...
Question of the Day: You purchase a new TV with a store card offering 0% APR (pay no interest) for 18 months. What happens if you don't pay in full within 18 months?
Answer: 53% of store cards have deferred interest features meaning you will pay interest going back to the date of the purchase which can be quite costly.
Questions:
Black Friday is right around the corner..why do you think these 0% APR offers are so popular at this time of the year?
How often do you think consumers forget to pay off the full balance and get hit with these deferred interest surprises?
Do you think offers like are a good idea for consumers? Why or why...
NEW! NGPF On-Demand deepens teacher content knowledge anytime, anywhere
Note: This pilot period of NGPF On-Demand has closed.
Your schedule has never been busier this fall. Your desire to deepen your content knowledge has never been greater. You've raised your expectations for what PD should be. You want to be highly engaged, you want curated resources to be of high quality and you want lots of learning packed into a short time period. While you love live PD, you are also looking for opportunities to learn anytime, anywhere and at your own pace. Oh, of...
Question of the Day: Did a higher percentage of families use online banking OR write a check within a 12 month period?
Questions:
How would your family have answered this question?
Are you surprised that over 60% of families had written a paper check in the last 12 months? What might be reasons they write checks?
Analyze the changes since 2016. Which of the two (online banking or paper checks) saw a more dramatic change?
Why do you think that more than 20% of families don't use online banking?
Click here for the ready-to-go slides for this Question of the Day that...
NGPF Podcast: Dina Isola and Scott Dauenhauer share insights on managing your 403(b) and 457 plans
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Nov 13, 2020
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Podcasts, Investing, Tips for Teachers, Behavioral Finance, Advocacy
Dina of Ritholtz Wealth Management) and Scott of Meridian Wealth have a shared goal: for every teacher to have access to high quality vendors for their 403(b) and 457 retirement plans. At a recent NGPF Speaker Series event, they shared insights gained from working with scores of teachers and analyzing thousands of plan documents. Listen to this podcast and walk away with practical knowledge you need to analyze your own plan as well as tips on how to advocate for better plans. Enjoy!
Details:...
Question of the Day: How much would a $100 investment in Warren Buffet's company in 1964 be worth in November of 2020?
Answer: About $2.8 million
The math:
From Berkshire Hathaway Annual Letter to investors: Overall gain from 1964 to 2019: 2,744,062%
At end of 2019, that $100 would be worth $2,744,162
Berkshire stock performance (through 11/9/20): 0.87% bringing investment's value close to $2.8 million
Questions:
Do you think it is easy/difficult to hold on to investments like this over the long-term? Explain.
If you had the chance to meet Warren Buffett, what are two questions that you would ask...
Question of the Day: What percent of your daily activities are habits?
Answer: 45%
Questions:
Reflect on your day so far. What are some examples of habits that have become part of your daily routine?
What are some money habits you have?
Do you find it easy or difficult to change habits? Explain.
Click here for the ready-to-go slides for this Question of the Day that you can use in your classroom.
Behind the numbers (Chris Sparks: Why Habits Are More Important Than We Can Imagine)
Humans are, by our nature, creatures of habit. ~45% of...
NGPF Podcast: CJ McDonald on building a banking solution for kids
Details:
0:00~0:58 Introduction
0:58~1:52 CJ’s background
1:52~6:25 Early money lessons
6:25~9:12 Working in sales
9:12~11:23 Importance of persistence
11:23~15:49 Lessons learned as an early entrepreneur
15:49~20:21 On starting Step
20:21~20:46 A word from NGPF
20:46~23:53 What Step offers
23:53~25:20 How much young people spend on banking fees
25:20~28:03 Credit building features
28:03~28:59 How Step makes money
28:59~33:05 On user acquisition
33:05~36:03 Starting to...
Question of the Day: What is the top-selling fast food category: Snacks, Burgers or Pizza?
Answer: Burgers with $81.6 Billion in sales in 2019
Questions:
How much of your personal food budget goes to "fast food?"
How do you think COVID-19 has impacted fast food sales? Do you think this will be a temporary or lasting change?
Have you seen more examples of healthier options being offered at fast-food restaurants? What do you think is causing this trend?
Click here for the ready-to-go slides for this Question of the Day that you can use in your classroom.
Behind the...
Podcasts For Your Classroom: What's New In the World of Investing?
Welcome to the first official Podcast Tuesday! After more than 400 teachers expressed interest in bringing podcasts into the classroom, we decided to build out a weekly activity to fulfill that desire. This week's activity (you will be asked to Make a Copy when clicked) focuses on the world of investing with 3-6 minute audio files explaining sustainable investing, the pros/cons of the Robinhood investing app and an analysis of who is benefiting from the recent rise in the stock market....
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