Jun 21, 2018
Behavioral Finance, Video Resource, Investing, Advertising, Financial Scams
I was just introduced to this National Geographic TV show called Brain Games. We watched an episode today and I am hooked. What makes it compelling? It requires active participation on the part of the viewer and provides a heavy dose of behavioral finance. I am queuing up this list to binge watch one lazy summer afternoon (does that exist?), but thought I would share ahead of this weekend in case someone else :) was motivated to send me a few discussion questions (firstname.lastname@example.org) that they would...
May 14, 2018
Video Resource, Stocks, Mutual Funds, Entrepreneurship, Budgeting, Index Funds, Career
Since posting the first Digging Deeper on the PBS Series, a few new videos have been released. That post seemed to be well received, so I thought I would review the new videos and post suggested questions and NGPF related links to save you a little time at the end of the school year!!! As I mentioned before, there is a place on the Facebook page for the Two Cents video series for you to give feedback to Julia and Philip if you have big questions that you would like for them to...
Apr 15, 2018
Taxes, Video Resource
Here are three videos (with three questions for each) that do a good job of engaging your students with a "not so easy to engage" topic:
PBS 2 Cents Project: How do your tax dollars get spent? [4:34]
What is the FICA tax that gets deducted from your paycheck?
How do today's tax rates compare with tax rates over the last 100 years?
What are the three largest items that get paid from federal income taxes?
Hear Philip and Julia, producers of 2 Cents, on this NGPF Podcast
Apr 13, 2018
Podcasts, Behavioral Finance, Video Resource, Taxes
Julia Lorenz-Olson and Philip Olson are two self-described theater kids who gradually got interested in finance (something about being a starving artist). This interest mushroomed into a career switch and ultimately to them starting their own fee-based financial planning firm, The Art of Finance. What caught our attention recently, however, was their weekly show about personal finance for millennials and Gen Z on PBS, Two Cents. This series has rocketed up the charts with their first ...
Mar 28, 2018
Three videos that have caught my attention recently:
Bond market explainer (from Marketplace): In this brief 1:34 video, Kai Rysdall describes in plain English what the government bond market is and what it can tell us about the economy.
In your own words, what is the bond market?
What signals does the bond market provide about the overall economy?
How does inflation affect the value of bond investments?
This 5:00+ video starts with a question "Where are all the billionaires?"...
Mar 27, 2018
Investing, Employment, Career, Video Resource, Checking Accounts, Chart of the Week
We are getting close to the end of the month, so I thought I would highlight most popular seven posts this month:
Question of the Day: What Percent of 15 Year Olds Have Bank Accounts?
Video Resources: How To Be A Better Team Member
Interactive: How Many Years Do You Have Left to Live?; will make the discussion about retirement that much more engaging for young people.
Chart of the Week: How Do People Spend Their Money?
Question of the Day: What's the Average Number of Emails Received Daily By...
Feb 27, 2018
Entrepreneurship, Video Resource, Career
I had lunch with an old friend who I had worked with almost 30 years ago. After a successful entrepreneurial career, he has since moved to the other side of the table and invests in start-ups. He is also someone with a strong "pay it forward" mentality. In his work advising hundreds of start-ups, he found he was often repeating himself so he created a set of videos that distill what he has learned over the years. Danielle highlighted three videos from this set that focus on building soft skills...
Feb 14, 2018
Behavioral Finance, Current Events, Investing, Video Resource
Leading behavioral finance researcher Prof. Terrance “Terry” Odean will be a panelist (with Prof. Meir Statman) at NGPF’s Inaugural Summit this March. Prof. Odean has created a series of money management videos on YouTube to help people make challenging financial decisions. Here are four that we thought you would enjoy that focus on car buying, investing, happiness and insurance. Enjoy!
Should You Buy or Lease a Car? (4:43)
Odean offers his viewers great insight on what...
Feb 12, 2018
Current Events, Budgeting, Article, Video Resource, Purchase Decisions
Does Collaborative Consumption make everyone better off?
This growing segment of our economy goes by many names: the sharing economy, collaborative consumption, the “gig” economy to name a few. We are talking about a vast array of goods and services where the matching of supply and demand occurs via the internet, with the help of technology (smartphones) and some computer application. [Editor's note: The "gig" economy has also changed the nature of work and the concept of...
Jan 10, 2018
Video Resource, Purchase Decisions, Budgeting, Checking Accounts
Let these brief videos teach your students. We all know the pace of business and technology is accelerating...in these snappy 2-3 minute videos, the WSJ explains how we got to where we are in the fast moving cellphone, cable, retail and banking industries. Links to the videos are below with a series of questions for your students to answer. Thanks to my daughter for helping me review these videos and coming up with some excellent questions (extra bonus: she said she learned some new stuff too!)...
Nov 28, 2017
Video Resource, Entrepreneurship, Current Events
Hat tip to Big Picture Blog for posting Adam Grant's TED Talk, which I found inspiring as the clock neared midnight:):
A good video to include in your entrepreneurship lesson to help students identify the traits often found in "original thinkers" aka entrepreneurs.
Questions for students:
What are the surprising habits that Prof. Grant found in original thinkers?
Which of the habits that he identified did you find most surprising? Explain your answer.
What techniques can you...
Nov 20, 2017
Investing, Budgeting, Video Resource, Current Events, Retirement, Behavioral Finance
Here's what trending recently on the NGPF Blog:
Chart of the Week: What is average credit score for 18-24 year olds? Hint: It takes good behaviors (and time) to perfect the credit scoring game.
Let's Go To The Videotape: 5 Personal Finance Documentaries to Consider. From professional athletes going to bust, to the retirement crisis we face in this country to the largest investment fraud of our time, this list has something for everyone.
NGPF Announces Scholarship...
Nov 01, 2017
Behavioral Finance, Current Events, Research, Video Resource
Richard Thaler just won the Nobel Prize...here's a 10 minute video from PBS NewsHour that can lead into a discussion about the field that Thaler is given credit for: behavioral economics. In the process, your students will get a better understanding of what exactly this field of behavioral finance is. Enjoy!
What are examples of recent bubbles that demonstrate that markets are not always rational?
What are sunk costs and how does it play into the theater ticket experiment described...
Oct 30, 2017
Advocacy, Video Resource, Current Events
Only 1 in 6 students currently attends a high school where personal finance is a required course; that number is 1 in 12 in low-income communities. That was a key finding of our recent research report "Who has access to financial education in America today?"
Why do I have hope that we can do better?
One big reason: the passionate community of educators that I have encountered on my travels throughout the country over the past three years since founding NGPF. They (you) have this can-do spirit,...
Aug 24, 2017
Purchase Decisions, Behavioral Finance, Budgeting, Video Resource
Interesting video (duration of 8:48) from PBS NewsHour:
"Is traditional retail dead? There have been more store closings this year than any since the Great Recession, with retailers filing for bankruptcy at a record pace. And yet online retailers like Amazon and Warby Parker are adding brick-and-mortar stores. What’s the secret to keeping afloat as shopping evolves? Economics correspondent Paul Solman reports."
What is having the most dramatic impact on the demise of...