Sep 21, 2018
Podcasts, Index Funds, Investing, Behavioral Finance
Jonathan Clements is no stranger to the NGPF podcast (here and here), and he’s back to introduce his newest book, From Here to Financial Happiness: Enrich Your Life in Just 77 Days. This book elicits active participation from the reader from day one of their financial journey until the last. Readers will answer 31 questions in their quest for financial happiness including such toughies as...
If money were no object, what would you change about your life AND
When was the last time you...
Sep 16, 2018
Question of the Day, Investing, Stocks, Behavioral Finance
When do you think you will start investing in the stock market? Explain your answer.
Why do you think that the percentage of young people investing in stocks has dropped so much since 2001-2002?
Why do you think a higher percentage of those over 35 years old invest in the market compared to those under 35?
Click here for the ready-to-go slides for this Question of the Day that you can use in your classroom.
Behind the numbers (Gallup Poll):
Sep 09, 2018
Budgeting, Behavioral Finance, Retirement, Question of the Day, Investing
Thanks to Lynn Fischer of Kimberly High School (WI) for recommending this Question of the Day!
Assuming that they buy a coffee every day of the year (365 days in a year), what would be the daily cost of a cup of coffee?
What are ways that millennials could reduce their cost of coffee without going "cold turkey" and not drinking it anymore?
Are there things that you buy on a daily basis that would add up to hundreds of dollars spent on an annual basis?...
Sep 07, 2018
Paying for College, Economics, Investing, Credit Scores, Career, Current Events
We will start this week off with an interesting history of the evolution of Labor Day from the New York Times.
This story from MarketWatch discloses new data recently disclosed by the Urban Institute that suggests 40% of Americans struggle to pay for necessities like food and rent.
This article from FORTUNE magazine discusses how socially responsible investing can yield good results and provide adequate diversification.
Amazon joins Apple at the $1 Trillion market...
Sep 07, 2018
To listen to this podcast, click here.
If you read the NGPF Blog then you have benefited from the handiwork of Tadas Viskanta and his blog Abnormal Returns. Having logged over 10,000 hours curating the best the web has to offer in finance news and research, Tadas offers up sound advice on how WE should be reading the financial press (hint: ignore the pundits spouting predictions). What's new in investment research? How will Fidelity's zero-fee index funds change the investing landscape?...
Aug 31, 2018
Personal Finance, Current Events, Investing
I wish you all a restful and enjoyable Labor Day Weekend and smooth start to the school year! It may be a long weekend but I’ve kept the list short….enjoy!
As personal finance educators, we know we are making an impact. Here is the controversial article we’ve been tweeting about discussing conflicting research on the value of financial education in school. (US News)
The National Financial Capability Study reported on in the Business Standard, on the...
Aug 30, 2018
Investing, Question of the Day, FinCap Fridays, Stocks, Compound Interest, Current Events, Savings
We know your students have a fascination with the stock market. Use the market's recent record-breaking performance to start a discussion about the pros/cons of investing. Learn more in the third installment of FinCap Friday, The Raging Bull.
For a quick refresher, our FinCap Fridays include...
A five question Kahoot!
A 90 second video providing details about the current event and explaining why it matters to students
A discussion prompt
Activity ideas to extend the learning...
Aug 17, 2018
Behavioral Finance, Investing, Checking Accounts, Chart of the Week, Budgeting, Paying for College
Quote of the week:
In today’s world, information is cheap; meaning is expensive. [Bob Seawright]
On the issue of sustainability front, Starbucks looking to save 6 billion cups from the waste stream. Their current to-go cup is difficult to recycle (audio from PRI).
Yes, at some point, all good things must come to an end and we will have a recession again. Vanguard attaches some probabilities to it coming in 2020 in this NY Times piece.
Ever wonder why your students (and maybe you...
Aug 12, 2018
Question of the Day, Investing, Stocks, Current Events
Here's a chart that shows their incredible increase in value over the past 18 years:
Which Apple product do you think has had the largest impact on the value of the company?
Looking at the graph, if someone had invested $100 in Apple stock in 2000, how much would it be worth in 2018?
Based on the graph, was the iPhone an initial success?
What company do you think might be the next to $1 trillion? Explain your answer.
Click here for the ready-to-go...
Aug 09, 2018
Credit Reports, Investing, Personal Finance, Savings
Do your students seem very engaged with the infographics that you are using in your lessons? Here's the brain science behind why they have become so successful as a teaching device. Some of the more interesting factoids from this infographic (of course, it's an infographic about the power of infographics):
Information overload is real:
Color graphics make us 80% more willing to read:
When providing directions, illustrations (or YouTube) videos are a must:
Aug 03, 2018
Podcasts, Retirement, Investing, Stocks, Index Funds
Ten years into his retirement, former LAUSD elementary school teacher and author Steve Schullo is still fighting the good fight for teacher retirement plans. This go-getter shares the insights from his teaching career and his passion to fix the current 403(b) mess. As the author of Late Bloomer Millionaire, you will learn how Steve's savings and investing plan helped him achieve a healthy nest egg. Listeners will also learn why he wrote Fighting Powerful Interests and the changes he...
Aug 02, 2018
Investing, Stocks, Behavioral Finance, Research, Math, Chart of the Week
Hat tip to the Wealth of Common Sense blog for updating their performance charts which help demonstrate a key concept in investing: risk. Risk is one of those nebulous concepts for teens who have never experienced a severe market correction while holding stocks. These charts help elucidate risk from a mathematical perspective by plotting returns for the three basic asset classes: cash, bonds and stocks. By using the same scale for each, it becomes more apparent which is the riskiest asset. ...
Jul 31, 2018
Lesson Idea, Investing
I remember the good old days in school with monthly book reports. I’m not sure when they disappeared, or maybe they just morphed into some other form of more creative self-expression. What was more important, the product that was turned in, or getting kids to actually read books? How can we get students to read books not just for entertainment but to learn about something important? Here are my thoughts after reading books with the FinLit Fanatics Book Club this summer.
Jul 27, 2018
Personal Finance, Investing, Parent Conversations, Current Events
The Washington Post helps you calculate your net worth.
Here is a good one from NPR to follow up on my Digging Deeper on teen summer jobs.
There are great graphics in this article from Axios comparing what 30-year olds face now (2016) versus 40 years ago.
When you consider the costs involved in processing credit cards, this Slate article discusses why some businesses are going cash free!!!
Curious about Robo Advisors? Money magazine takes a closer look and sums up the...
Jul 23, 2018
Investing, Stocks, Index Funds
“Earnings Are Booming. Stocks Not So Much.” So reads the title of a New York Times DealBook article on July 20. For those who have heard the mantra that "company earnings drive the stock market," this headline perplexes. This title resonated with me, probably because I have been reading The Little Book of Common Sense Investing by John Bogle for this month’s FinLit Fanatics book club. Let’s outline some of the lessons from the book and then see how the might...