Video Resource: Golden Rules of Personal Finance
Snappy four minute video from WNYT highlighting seven golden rules of personal finance including:
- Pay yourself first
- Create emergency fund
- Enroll in retirement plan
- Define financial goals
Ask students to choose one that they think is most pertinent to them and discuss how they would implement in their lives.
About the Author
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.