I'm excited to share this conversation that I had recently with Robin Kahn, the executive director at FitMoney
. FitMoney recently celebrated their one year anniversary and Robin shares the progress that has been made at her non-profit as well as how her business career prepared her for this role. She describes the lessons learned over the past twelve months and the the three core concepts that she integrates into the personal finance curriculum she has developed. Listen to this podcast to learn how an inspiring entrepreneur has developed an innovative approach to delivering financial education to students in the K-12 system. Enjoy!
- 0:00~0:44 - Introduction
- 0:44~3:54 - Current job and background
- 3:54~6:08 - Money lessons from her childhood
- 6:08~8:03 - Developing curriculum for a younger audience
- 8:03~10:10 - Where personal finance gets embedded in elementary and middle schools
- 10:10~16:29 - Biggest surprises from working in a non-profit (after business career)
- 16:29~17:31 - Robin's first job
- 17:31~24:11 - Helping students find jobs
- 24:11~26:42 - Learn, earn, and save approach to financial education
- 26:42~27:02 - A word from our sponsor, Next Gen Personal Finance
- 27:02~29:16 - How to get parents involved
- 29:16~30:06 - Best thing purchased for under $10
- 30:06~31:19 - Biggest money mistake
- 31:19~32:02 - Favorite website
- 32:02~33:45 - Favorite book
- 33:45~34:36 - Text to middle schoolers
- 34:36~35:58 - Conclusion
- "What we want to do is to start with needs and wants. Thinking about saving, thinking about budgeting, we teach similar things to a younger audience. Borrowing money from your mother to buy a new toy will become borrowing money to buy a new car. We want to make concepts real but also ones that children can relate to."
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.