Category: Entrepreneurship

NGPF Podcast: CJ McDonald on building a banking solution for kids

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Nov 06, 2020
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Podcasts, Entrepreneurship
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...

Fill in the blanks: Applications to start new businesses have __________ by ________% in 2020.

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Sep 29, 2020
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Entrepreneurship, Question of the Day
Answer: Applications to start new businesses have increased by 19% in 2020, the fastest growth rate since 2007.  Questions: What types of businesses do you think people are starting now?  Do you think it's a good idea to start a business during a recession? [here's 14 successful companies started during a recession] What are some of the risks of starting a business?  Here's the ready-to-go slides for this Question of the Day that you can use in your classroom. Behind...

EdPuzzle Thursday: How Do You Legally Set Up a Business?

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Sep 23, 2020
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EdPuzzle Thursday, Entrepreneurship
EdPuzzle is a great platform to test for knowledge while students watch a video and learn remotely. We will be releasing new EdPuzzle videos here on the blog each week so that your students can answer questions that are directly embedded within engaging videos.  This week's EdPuzzle video titled "How Do You Legally Set Up a Business" discusses how to build a business the right way and the differences between a sole proprietorship, partnership, LLC, and S-Corp.    Interested in...

NGPF Speaker Series: Ryan Craig and Eric Tyson Discuss Innovative Alternatives To College

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Jul 24, 2020
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Podcasts, Entrepreneurship, Employment, Paying for College
The NGPF Community was fortunate to have an amazing set of speakers this week for our latest installment of the NGPF Speaker Series. Venture Investor Ryan Craig joined personal finance guru Eric Tyson to discuss both alternatives to college and for those choosing the college pathway, strategies to keep the cost of that degree to a minimum.    Here's some of the feedback from the teachers who attended the live event: "Incredibly eye-opening session about alternatives to colleges."...

NGPF Podcast: Bolun Li of Zogo Finance on getting the incentives right to encourage financial literacy

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Jun 06, 2020
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Podcasts, Entrepreneurship
  Details: 0:00~0:55 Introduction 0:55~1:41 What Bolun does for his day job 1:41~2:20 On attending classes online 2:20~3:36 Early money lessons 3:36~4:07 Favorite personal finance book 4:07~7:20 Cultural differences in approaches to personal finance 7:20~8:51 Bolun’s first job 8:51~10:29 Idea for Zogo 10:29~11:44 Zogo’s business model 11:44~12:02 A word from NGPF 12:02~13:50 How the modules work and what they teach 13:50~16:06 Levels of user engagement 16:06~17:13 Impact Zogo...

NEW! NGPF Economics Resource Directory

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Apr 26, 2020
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Economics, Activity, Employment, Entrepreneurship, Current Events
Thanks to NGPF Fellow James Redelsheimer of Robbinsdale Armstrong High School (Plymouth, Minnesota) for his work creating this comprehensive directory for teachers looking for NGPF resources that weave Economics and Personal Finance together. By categorizing 150 NGPF resources into 11 Economic topics, this directory makes it easy for Economics teachers to find activities that are current, relevant and engaging for students.  Here's the table of contents (click to go directly to the...

NGPF Podcast: Camilo Maldonado discusses his personal finance website, Finance Twins

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Jan 31, 2020
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Entrepreneurship, Podcasts, Personal Finance
This week on the podcast you will hear the inspiring story of an entrepreneur with grit, determination and talent. Hear how Camilo overcame childhood challenges to attend the most elite universities and his motivation to start a personal finance site to educate others. Enjoy! Details: 0:00~1:40 Introduction 1:40~5:53 Early money lessons 5:53~8:34 Growing up in a motivated family 8:34~11:36 Experiencing college life at UPenn 11:36~14:52 Working at JP Morgan  14:52~17:47 Learning about...

NGPF Podcast: Educator Rob Phelan on the joys of entrepreneurship

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Jan 24, 2020
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Podcasts, Entrepreneurship
You get the sense after talking to Rob Phelan that he must thrive on little sleep. As you'll discover in this podcast, he has quite a few "side hustles" beyond his full-time teaching job at Catoctin High School (Maryland). Our conversation touches on entrepreneurship, the F.I.R.E.(Financial Independence, Retire Early) movement, his favorite activities in the classroom and the philosophy behind the curriculum that he is developing. Listen intently to his "scorecard" concept which emphasizes...

Reading List for November 8-10

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Nov 08, 2019
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Financial Literacy, Entrepreneurship, Payment Types, Credit Cards, Investing, Cryptocurrencies, Retirement
Financial and Economic Literacy People don’t know as much as they think they know about money. (Kiplinger) Teens think economics is an important subject, yet they don’t grasp key concepts even after taking an economics class. Here are some suggestions for making the education more effective. (PRNewswire) The CEO and founder of Pliquit wrote an article for Forbes encouraging banks to step in and take advantage of Gen Z’s consumption of media to fill their financial literacy...

Reading List for November 1-3

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Nov 01, 2019
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Entrepreneurship, Economics, Investing, Credit Cards, Paying for College, Retirement, Financial Scams
Entrepreneurship  An excellent retrospective on the contributions of Peter Drucker on what would have been his 100th birthday. (INC) How does owning your own business or working in the gig economy impact how your kids will view the world of work and finances? (WAPO)   Economics Economics news this week included another Federal Reserve Rate cut. What does that mean for your credit card, mortgage, etc.? (USA Today) And the October Jobs report came out today. USA Today explains the...

NGPF Podcast: Luis Perez of Remoov discusses the entrepreneurial journey

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Nov 01, 2019
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Podcasts, Entrepreneurship
In this NGPF podcast, Luis shares with our listeners the trials and tribulations that accompany the start-up world. He discusses the arc of his current venture, Remoov (my investment fund is a small investor), from the conception of the idea to getting that early traction to raising money from investors. Listen to this podcast and you will get a peek behind the curtain to see the grit and persistence required to succeed as an entrepreneur. Enjoy! Details: 0:00~2:01 Introduction 2:01~5:08...

QoD: You want to start a business. What should be your #1 priority?

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Oct 28, 2019
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Entrepreneurship, Question of the Day
Answer: Building a strong team Questions: Why do you think that team is so important in a start-up company? Think about a team that you were involved with. Use examples from sports, school clubs and activities or classroom projects. What was it about the team that made it successful (or not)? Which of the skills on the list do you think are innate (you are born with them) vs. can be developed through education or experience? Here's the ready-to-go slides for this Question of the Day that you...

QoD: What's the average age of the founders of the fastest growing start-ups (new companies)?

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Oct 09, 2019
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Entrepreneurship, Question of the Day, Research
Answer: 45 Questions: Does this answer surprise you? Why?  Who are some of the young founders that you have head of? What companies did they start?  What do you think are the advantages of starting a company when you are middle aged? when you are young?  Would you like to start your own business someday? At what age?  Here's the ready-to-go slides for this Question of the Day that you can use in your classroom. Behind the numbers (from American Economic Review): Many...

Quiz: What does it take to be an original thinker?

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Sep 08, 2019
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Entrepreneurship, Interactive, Quizzes, Research
From Adam Grant, comes this 15 question quiz (5 minutes) that would be great for your career and/or entrepreneurship unit. It also delivers insights that you might find helpful in your own job.  Here's a link to the quiz.  Good questions to lead a discussion: Which answer was most surprising to you? For me it was the question about morning people (of which I am clearly one!) Did you discover any interesting insights that you can use in your own life from the quiz?  Your friend...

NGPF Podcast: Evan Marwell of EducationSuperHighway on the challenge to bring high-speed broadband to all schools

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May 17, 2019
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Entrepreneurship, Podcasts
  Evan Marwell was a man on a mission when he founded EducationSuperHighway in 2012. A data driven entrepreneur he analyzed technology at K-12 schools and didn't like what he saw. While many assumed that schools had adequate bandwidth to deliver new technology tools into classrooms, what he found was a huge difference between that perception and reality. Then he created a non-profit to tackle this problem. Evan will take us on his entrepreneurial journey over the past 7 years, his lessons...