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

FinCap Friday: Not All It's Cracked Up To "G"

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Apr 11, 2019
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Current Events, FinCap Fridays
This week's FinCap Friday offers some details about the latest news related to 5G data and cellular service. From lawsuits to big announcements, the media is buzzing! There are some major differences between 4G/LTE data and 5G data, but does that mean everyone needs to push a 5G data plan to the top of their priority list? Find out about that and more below: For those who prefer not to use the online Kahoot quiz, we've recently added a no-tech version with the questions embedded in...

QoD: AT&T vs. Verizon: Which has been the better performing stock over the past five years?

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Apr 10, 2019
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Stocks, Question of the Day
Tired of those annoying TV ads comparing networks? Well it's about to get worse...a lot worse!!! With 5G launching on April 11th, here's a look at how the two major wireless carriers have fared over the PAST five years. What do you think the future holds?  Answer: Verizon Questions: Why do you think Verizon has performed better than AT&T since January 2018?  How do you think these two companies make their money? What is the key metric to the health of their businesses?  This...

Question of the Day: What is most common summer job for 16-19 year olds?

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Apr 09, 2019
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Question of the Day, Career
Answer: Accommodation and Food Services (Establishments providing customers with lodging and/or preparing meals, snacks, and beverages for immediate consumption) Questions:  Which job has seen the most growth since 2000? the biggest decline?  Do you have plans to get a job this summer? If so, describe your plans.  What are some of the benefits of working over the summer?  Why do you think that the number of retail jobs for teens has been declining?  Here's the...

Chart of the Week: Periodic chart for asset returns

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Apr 09, 2019
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Chart of the Week, Investing, Stocks
Hat tip to NGPF Fellow Charles Kafoglis for sending a note to me highlighting this set of charts from Callan Associates. Think of the chart below as the periodic table for stock market returns for various asset classes (think stocks and bonds, U.S. based and international). Each column represents one year and each box represents a specific asset class which has a specific color assigned to it. The percentages reflect the returns for that specific asset class. There's a lot to unpack here but...

QoD: What percent of U.S. taxpayers prepared their own tax returns in 2018?

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Apr 08, 2019
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Question of the Day, Taxes
Answer: Among those who filed electronically, 43% prepared their own returns Questions: What do you think are the factors that determine whether someone files their own returns or hires a professional to do it?  Do you hope to be able to file your own tax returns? Why or why not? What are resources that you can use to make filing your own returns easier?  Here's the ready-to-go slides for this Question of the Day that you can use in your classroom. Behind the Numbers (e-file.com)...

QoD: Which business has the most physical locations in the U.S.: McDonald's, Payday Lenders or Starbucks?

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Apr 07, 2019
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Question of the Day, Financial Scams, Behavioral Finance
Hat tip to Beth Tallman for the idea for this question of the day.  Answer: Payday lenders Questions: Based on this information alone, do you think that payday lending is a good business for the lenders? Explain. Payday loans carry interest rates as high as 600%. Why do you think that people continue to borrow from payday lenders despite these interest rates? What financial advice would you give to someone who finds themselves taking out payday loans on a frequent basis? Here's...

Why We Do What We Do - April 2019

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Apr 07, 2019
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Employment, Personal Finance, Advocacy, Career
This email from a Delaware teacher greeted me yesterday. It came from a student of hers [Bold is mine]: I wanted to inform you that after we learned about pay cards in class I let my friend who was threatened with termination after being offered a pay card know that it was in his legal rights to decline that method of pay. He was extremely excited and wanted to let you know that he is very thankful. He says that Kansas City is not an easy place to find a teen job. After finding out that he is...

NGPF Podcast: Tim Talks to Ignacio Aguirre, founder of Snowball Financial Education

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Apr 05, 2019
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Podcasts, Entrepreneurship
Ignacio Aguirre is on a mission to use his creative talents to build games that teach young people about money. In this podcast, Ignacio shares his entrepreneurial journey, the inspiration for his "big idea" and how his start-up combines three of his interests. You will also hear how he uses his time with students to gather feedback so he can continuously iterate on his games. Enjoy!  Details: 0:00~1:11 Introduction 1:11~7:03 Igancio’s background and first investments 7:03~8:38...

FinCap Friday: Getting Paid or Getting Played?

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Apr 04, 2019
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Current Events, FinCap Fridays
This week's FinCap Friday offers some information about the latest form of payment for many employees: the payroll card. Particularly relevant for teens, these prepaid debit cards are being offered as an alternative to paychecks or direct deposit. But do the fees that come the cards outweigh the benefits of having them? Find out below:    For those who prefer not to use the online Kahoot quiz, we've recently added a no-tech version with the questions embedded in the presentation...

QoD: What percent of households led by someone 55 or older have NO money saved for retirement?

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Apr 03, 2019
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Savings, Question of the Day
Answer: 48% Note: DB is a defined benefit retirement plan or pension.  Questions: What income can seniors receive in retirement if they have no savings? Why do you think almost 1/2 of Americans households headed by someone 55 and over have no retirement savings?  What is one huge disadvantage for those who start saving for retirement in their 50s?  Will this information influence how you think about saving?  Here's the ready-to-go slides for this Question of the Day that...

Chart of the Week: Boom or Bust with Tech IPOs

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Apr 03, 2019
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Chart of the Week, Investing, Stocks
Hat tip to Morning Brew for highlighting this chart in their daily newsletter.  With a flood of IPOs about to hit the market (Pinterest, Uber and AirBNB to name a few), I thought this chart was an important reminder that not every tech IPO goes BOOM!    Questions: Why do you think that companies like GoPro and Fitbit have struggled so much as public companies? (Hint: are there other products similar to theirs?) Square is a top performer. Do you know what business they are in? Do...

QoD: If my employer offers to pay me using a payroll card, do I have to accept it?

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Apr 02, 2019
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Checking Accounts, Question of the Day
Hat tip to Leigh Weldin of Conrad Schools of Science (DE) for this Question of the Day idea. She mentioned how many of her students were asking her about these payroll cards.  Answer: No Questions: Would you tell your employer you don't want to get paid using a payroll card? Why or why not? What do you think are alternative ways for you to get paid? Why do you think that companies like using payroll cards?  Here's the ready-to-go slides for this Question of the Day that you can use...

QoD: What's the biggest concern for current high schoolers applying to colleges?

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Apr 01, 2019
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Question of the Day, Paying for College, Student Loans, Video Resource
Answer: Level of student debt Question: What's your biggest concern about applying for college or as you think about your post-high school plans?  Why do you think that student loan debt is such a concern for so many?  Do you know anyone who has a lot of student debt? How are they managing it?  Do you think it is worth it to take on debt for college? 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...

Interactive Monday: What Does Debt Look Like In Your Community?

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Mar 31, 2019
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Interactive, Paying for College, Student Loans
A great hook for students is being able to personalize data for an activity that helps them understand their community better and how it fits within a larger context. Here's an interactive from Urban Institute that shows county-level data for auto loans, student debt and medical debt (the #1 cause of personal bankruptcy). Here's the output for auto loan debt for San Benito, California: Questions for students (and you can customize for your own county): How does your county compare with other...

QoD: Can you name ONE of the most Googled money questions for 2018?

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Mar 31, 2019
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Checking Accounts, Budgeting, Math, Mortgages, Research
Hat tip to Beth Tallman for sending this one along.  Answer: Here are the top 5: 5. How much is my house worth? 4. What is bitcoin? 3. How to write a check? 2. How much house can I afford? 1. Where is my tax refund?  Questions: What money question are you most curious about right now? Why do you think that so many people are preoccupied with their tax refund? Are you surprised to see any of these top 5 most Googled questions on this list?  Why do you think that two of the top 5...