Date Filter: 2016/8/

Short Investing Videos As Discussion Starters

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Aug 31, 2016
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Investing, Mutual Funds, Stocks, Current Events, Video Resource
Millenials investing for retirement the wrong way (USA Today) Why is cash the wrong place to invest for retirement? Want to sell your future earnings potential (an investment in yourself) in return for current cash (sky1) Would you consider this arrangement? Why or why not? Retired basketball star Kobe Bryant launching a venture capital firm (CNBC) What is venture capital? Do you think he will succeed? Why or why not? New company launched to help close the gender...

Question: How Does Public College Tuition Compare to Household Income In Your State?

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Aug 31, 2016
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Paying for College, Research, Student Loans, Current Events, Chart of the Week, Math, Interactive
Great (and somewhat depressing) interactive from ProPublica which will allow students to… Select a state and see the change in yearly tuition at public schools from 2000-2014 AND Change in Median Household Income over that same period Pick a specific college or university and see the increase in tuition over from 2000-2014 Here is one example from the state of Virginia and how my alma mater stacks up against other in-state colleges/universities:   Questions for students: How does...

Question: What Percentage of 8-14 Year Olds Have Credit Cards?

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Aug 30, 2016
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Credit Cards, Behavioral Finance, Question of the Day, Research, Chart of the Week, Parent Conversations
Answer: 18%, according to recent survey by T. Rowe Price. Here’s the data: Some reasons parents gave for giving their kids credit cards: Safe travel: “They were flying by themselves at that age to go to sleep-over camp,” says Zucker, who lives in Omaha, Nebraska. “We didn’t want them to feel stuck or stranded.” Traveling with cash alone is risky, because if it’s lost or stolen, the money is usually gone for good. With credit cards, though, funds are replaced when fraud...

NGPF Podcast: Tim Talks To Colleen Poynton and Alex Davidov About The FinTech Revolution

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Aug 30, 2016
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Audio Resource, Career, Budgeting, Identity Theft, Payment Types, New Products, Current Events, Employment, Podcasts
Thanks to Colleen Poynton and Alex Davidov of Core Innovation Capital for recently appearing on the NGPF podcast. As venture capitalists, Colleen and Alex invest in promising early-stage companies in the financial services sector. As such, they have a front row seat to the innovative companies disrupting the status quo and changing the way we pay, we borrow and we invest (to name just a few). Colleen and Alex also provided insights into the changing nature of work (aka “the gig economy)...

Question: Are You Comfortable Not Carrying Any Cash With You?

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Aug 29, 2016
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Payment Types, Question of the Day, Credit Cards, Debit Cards, Chart of the Week
Answer: 56% of millenials are comfortable not carrying any cash. Note how the older cohorts are less comfortable being without cash, although the median amount of cash that they want with them is actually quite low ($20-$25). Here are some great follow-up questions to ask your students about this resource: Why do you think millenials (age 18-29) are the most comfortable with not having cash with them? Why do you think that people who are 65+ years old are the least comfortable? What is the...

What Are Your Money Values?

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Aug 29, 2016
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Behavioral Finance, Question of the Day, Teaching Strategies, Featured Teachers, Writing assignment
NY Times columnist Ron Lieber out with a column over the weekend which lists 7 questions to get a conversation started about money (the sketch above from Carl Richards of NYT also): What lessons about money did you learn from your parents? What does the word money conjure up for you? How many children would you like to have when you retire? How do you think your children feel about that? Tell me about your financial situation when you first met. What are the most important things in your life?...

Question: How Do Chip Credit Cards Work?

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Aug 25, 2016
Cool interactive (hat tip to Kristin Wong of LifeHacker and GIF from Lending Tree): ...

Question: What's the Biggest Source Of Financial Stress (by State)?

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Aug 24, 2016
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Chart of the Week, Mortgages, Credit Cards, Student Loans, Current Events
Here are the choices: Paying my mortgage or rent Lack of stable income Paying for education Not being able to retire Not having enough money to fund an emergency Wanting a nicer lifestyle Paying off my debt Envelope please… Answer: Paying off Debt! From GoBankingRates.com (click on this link to find details about your state): Want to teach your students to use debt responsibly? Please check out the NGPF Unit on Types of Credit! ...

Question: How Are Your Students Going To Pay for Higher Education?

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Aug 24, 2016
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Paying for College, Activity, Question of the Day, Student Loans, Current Events, Activities
Good way to get the conversation started and also to compare your results with this recent Junior Achievement Survey: How do you expect to pay for college? [only select ONE answer; editor’s note: not sure this is great question, since in reality most students rely on all four sources] Scholarships and grants will cover most of my costs Expect financial aid help from parents and families Plan to work to earn money for college Anticipate taking out student loans How has the talk about...

Say What? Most Stocks In Index Funds Underperform

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Aug 23, 2016
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Investing, Behavioral Finance, Research, Stocks, Chart of the Week, Math
I have to admit having to look at this chart a few times to get the gist of it (future data crunch perhaps!). From Motley Fool (based on JP Morgan research): Let me put this in layman’s terms (see notes below if looking for more detail): From 1980-2014, almost 2 out of every 3 stocks in the Russell 3000 (which includes both large cap and small cap companies) underperformed the index. The top 7% of stocks (measured by their performance) in the index were classified as “extreme...

NGPF Podcast: Tim Talks To Author and Financial Literacy Evangelist Jason Vitug

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Aug 23, 2016
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Behavioral Finance, Budgeting, Credit Cards, Investing, Current Events, Podcasts
Thanks to Jason Vitug, founder of Phroogal and author of recently released You Only Live Once: The Roadmap to Financial Wellness and a Purposeful Life, for joining me on the NGPF podcast.  Jason shares his personal story of how he went from a senior executive role in financial services to devoting his time and talents to improving financial literacy. While many focus on the mechanics of how to be financially capable, Jason takes a more philosophical approach. He highlights the importance...

Chart of the Week: How Much Have Prices For Consumer Goods Risen Over the Past 20 Years?

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Aug 22, 2016
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Budgeting, Paying for College, Question of the Day, Research, Current Events, Chart of the Week, Math
Answer: For all items captured in the CPI (Consumer Price Index), 55% A few questions for your students (you knew these were coming!): Which price changes in the chart above surprise you? Which ones have you personally heard your parents (or guardians) discuss (complain about)? What types of costs do you find increasing the most: Needs or Wants? Webquest: How much have median wages increased over this same time period? How do you think the average college graduate has dealt with these...

Summer Institute 2016 Recap

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Aug 22, 2016
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Summer Institute
In late June we hosted our very first Summer Institute for 2.5 days of professional development, networking, and fun in Palo Alto. What did attendees like about it? Here are a few of their comments we heard: “This has been the best PD in the 20 plus years of my teaching career. Nothing else comes even close.” “Thank you so much for this great opportunity. I always try to be a better teacher for my students and I am taking away so many ideas, concepts, resources and contacts,...

Question: How Does the Cost of Living Vary By State?

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Aug 22, 2016
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Budgeting, Question of the Day, Research, Purchase Decisions, Current Events, Chart of the Week, Employment
Courtesy of NY Times (from Bureau of Economic Analysis): Purchasing power (a.k.a. cost of living) becomes a critical consideration for students considering where they would like to live or even go to college. $100 will buy you a lot less if you attend college or live in New York City vs. rural Maine. This national map shows how purchasing power varies by state. How to read this chart (from NY Times): To better understand, imagine a store offering a range of goods and services, each for sale at...

Question: What Types of Companies Are In The S&P500?

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Aug 21, 2016
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Investing, Question of the Day, Index Funds, Stocks, Current Events, Chart of the Week
From Bespoke Research (hat tip to Big Picture Blog) So, the top three industries in the index are: Technology (20.7%), Financials (15.7%) and Health Care (15.25%). What I found more interesting is how these sector (or industry) weightings have changed over time. The charts below show how the sector weightings have changed over the past 26 years as the popularity of industries ebb and flow. So, for example, in looking at the Technology chart below, you can see that Technology companies peaked...

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