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...
Aug 16, 2017
Savings, Video Resource, Question of the Day
This post created by new NGPF team member, Christian Sherrill:
If you’re a rabid TED Talks fan, as I am, you’ll probably remember Yale Economist Keith Chen’s fascinating talk about the impact of grammar on savings behavior.
Now famously, Chen concluded that - well, I’ll let you learn about it on your own terms:
Video summary (5:53)
Full text of study: The Effect of Language on Economic Behavior: Evidence from Savings Rates, Health Behaviors, and Retirement...
Jul 23, 2017
Cryptocurrencies, Career, Stocks, Current Events, Video Resource, Entrepreneurship, Retirement
Stumbled upon this video trove on Ozy this morning that had some short, relevant and engaging videos that I thought your students might enjoy. Many of them ask provocative questions that can be good entry points for a class discussion:
Future of Money (3:03)
In your own words, what is bitcoin and other cryptocurrencies?
Why is it popular?
What is an example of an “intermediary” in the money business that bitcoin is trying to eliminate?
Where do you think that you will keep your...
Jul 12, 2017
Behavioral Finance, Question of the Day, Savings, Current Events, Video Resource, Retirement
Hat tip to Vikram Parekh of USAA (podcast upcoming) for highlighting the work of one of his favorite behavioral economists, Shlomo Benartzi of UCLA’s Anderson School of Business. In this 17 minute TED video, Shlomo highlights the hurdles to saving and how he designed a savings program (“behavioral economics on steroids”) to overcome these challenges. He provides some good examples that you might use with your students to show how our behavioral biases cause us to fall short of...
Jun 29, 2017
Current Events, Video Resource, Article
Hat tip to Niko Lillios and Hari for pointing out these articles that don’t adhere to the typical story of the spendthrift professional athlete (as we see in ESPN’s 30 for 30 Broke in the NGPF video Library). We know young people look up to athletes, so how about changing showing some examples of successful athletes with good financial habits, including:
Video: The Millionaire Pitcher that Lives in a Van (Vice Sports: 5:46)
Hockey player shares the lessons he learned through...
Jun 07, 2017
Video Resource, Behavioral Finance, Personal Finance, Current Events
Hat tip to Ren Makino for pointing out this TED video (11:03) that demonstrates how the need for financial education permeates every corner of American society:
What are some of the statistics that Curtis mentions about the state of finances in the U.S.?
What role does money play in the crime statistics he mentions?
What are the four timeless rules that are the foundation of Curtis’s program?
Does Curtis believe that you need a professional to manage your finances?
Jun 06, 2017
Activities, Activity, Budgeting, Personal Finance, Savings, Stocks, Video Resource, Case Study, Interactive
Given the comprehensive nature of our website (full disclosure: Sometimes I forget that we have certain projects/activities/data crunches/blog posts….), teachers often ask us “OK, but what are the best resources that you can recommend?” At that point, we typically turn to Jessica and she always has a few ideas to recommend. So, this month, we asked Jessica to provide us with her “Best of NGPF” specifically for the last days of school.
The responses we got from...