Monthly Archives: January 2017

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WebQuest: How To Protect that Credit (and Debit) Card!

I am always amazed when I am searching Google for interesting news stories about credit cards how frequently the articles detail how the “bad guys” manage to steal credit card information. Identity theft can seem like an adult problem to many teens (unless their parents or they have been personally victimized), so I thought this quick WebQuest might bring the topic home to them.  I thought it would be interesting to provide an update to my earlier 2015 post titled (apologies to Paul Simon) “50 Ways to Swipe Your Credit Card (or Debit Card) Number.”

So, here’s the assignment:

NGPF Podcast: Tim Talks To Blended Learning Aficionado Steve Penley

chi-business

Thanks to Steve Penley of Waubonsie Valley High School (Aurora, Illinois) for coming on the NGPF podcast recently. Steve came to our attention through his participation in the NGPF Professional Learning Communities (PLC) program that Jessica (from NGPF) facilitates. In Jessica’s words, “Steve provides tons of great feedback to other participants and stays abreast of new technologies and tools which is incredibly valuable to the group.” In this podcast, Steve shares the reasons that he participates in PLCs, as well as his insights on how to run a blended learning classroom along with his favorite lesson. He will also tell you about a few of his favorite online resources and tech tools. Enjoy!

Details:

Chart: Explaining the Investing Concept of Risk and Return

Source: Fidelity:

chart

One of the core concepts in finance is the relationship between risk and return. The higher the risk of an asset, the higher the

NGPF Application Tips For Summer Institute 2017!

We are excited to start the process for the Summer Institute 2017. Last year, we planned to invite SIX applicants for NGPF’s Inaugural Summer Institute. However, due to an incredible response of qualified candidates, we selected TWELVE! In that same spirit, we have even better news this year! Due to the success of last year’s Institute, we have decided to increase our investment and host TWO Summer Institute sessions – which means 24 outstanding educators will be joining us in Palo Alto this summer!

By |January 30th, 2017|Contest Current, Front Page Spotlight, Summer Institute|

Chart: Another Consequence of Income Inequality in U.S….Wildly Different Life Expectancies

From the Financial Times (hat tip to Big Picture Blog):

Screen Shot 2017-01-29 at 8.10.46 PM

 

By |January 29th, 2017|Chart of the Week, Current Events, Research|

Activity Idea (with Spreadsheets): Let’s Make An Index Fund

I awoke this morning thinking “how can you make index funds more tangible for students?” Why do I care about this? Anyone who has heard my rantings before either in this blog or on the NGPF podcast knows that I abhor the Stock Market Game. It teaches all the wrong lessons about investing: the short term nature of it, the “luck” factor, the highest risk strategy wins and so on. At some point, I will create a game to counter these lessons that is focused on index funds. The trick is how to make it appealing to a risk-seeking teen audience who loves the “action” of buying and selling stocks. Unfortunately good investing isn’t really about “action”, my buddy Allan Roth has it right when he says, as investors we should “dare to be dull.”

So, here’s the kernel of the idea: Have students take on the role of an investment manager hired to do the following:

Lesson: What If You Only Had An Hour To Convince Your Students to Save?

Earlier this month, we had the opportunity to get back into the classroom at Eastside Prep in East Palo Alto, California (where I came up with the idea for Next Gen Personal Finance). We’re teaching seniors all they need to know about personal finance over 6 weeks (24 hours of content) including lessons on savings and checking accounts, taxes, budgeting and investing. We’ll be releasing this 24 hour curriculum later this spring to help those educators who only have a limited time to spend on personal finance.

Our first savings lesson focused on four learning objectives:

  • Importance of saving
  • Power of compound interest
  • Understanding different types of savings accounts
  • How to make saving automatic

Here is a summary of this lesson which will be part of a 24 hour curriculum that Sonia is currently packaging and will release later this spring. I provide this summary in case you are teaching savings now and looking for some ideas to supplement what you are currently doing:

By |January 29th, 2017|Activities, compound interest, Lesson Idea, Savings, Teaching Strategies|

The Next 10 Years…

What better way to celebrate a milestone birthday then to set a daily record for page views and visitors to our website! A huge thank you to the growing wave of educators choosing the NGPF curriculum in their classrooms. I thought it would be fun to envision what the next ten years will look like for NGPF and the greater financial literacy movement. Here are our BHAGD (big hairy audacious goals and dreams):

By |January 26th, 2017|Uncategorized|