Reading List for Memorial Day Weekend 2019

|
May 24, 2019
|
Generosity, Behavioral Finance, Personal Finance, Investing

Enjoy these Memorial Day weekend reads curated by Beth with a few additions from Tim: 

  • NGPF Podcast guest, Morgan Housel, is at it again with a valuable piece on "Realistic Personal Finance Hacks." My favorite: "A finely tuned BS radar that screams “red alert” when promises of abnormal gains without abnormal sacrifice are offered."
  • It's a time for advice to graduates, here's a few that caught my attention (interesting to see the overlap since they come from two very different professions):
  • Good news, here? Your life expectancy is longer than you think (Monevator)
  • Robert Smith pledges to pay off Morehouse graduates’ debt (WaPo) and why this event will be a great economics "experiment" (Slate)
  • Having once taught an intersession at Harvard, I can attest to the fact that yes, even at these elite universities, students have little financial knowledge. This WSJ article is titled "Even Harvard Is Now Teaching Personal Finance," and highlights workshops offered at a few Ivy campuses. 
  • Did you know? 20% of online bill pay involve the bank cutting a check; some banks mask the numbers, others don't. Is this a risk? (Cleveland.com)
  • Five things that have changed for consumers under the current administration (Consumer Action)
  • Your caveman brain isn’t built for investing (WSJ)
  • Good reminder to leave some open space on your calendar this summer...sometimes serendipity is right around the corner, if we allow it (Heleo)

Want to explain investing to someone just getting started? This Visual Capitalist Infographic, A Simple Introduction to Investing, is a great place to start: 

 

 

 

About the Authors

Beth Tallman

Beth Tallman entered the working world armed with an M.B.A. in finance and thoroughly enjoyed her first career working in manufacturing and telecommunications, including a stint overseas. She took advantage of an involuntary separation to try teaching high school math, something she had always dreamed of doing. When fate stepped in once again, Beth jumped on the opportunity to combine her passion for numbers, money, and education to develop curriculum and teach personal finance at Oberlin College. Beth now spends her time writing on personal finance and financial education, conducting student workshops, and developing finance curricula and educational content. She is also the Treasurer of Ohio Jump$tart Coalition for Personal Financial Literacy.

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.