I’ve got such a backlog of “things I’d like to read” that I started putting 3 per week on my “to do” list and “assigning” the readings to myself. This article from EdSurge made its way into last week’s reading list — What Does a ‘Modern Classroom’ Look Like — and What Should Educators Leave Behind? While I’m not sure I agree 100% with ALL of their ideas, the introductory questions answered by the panel of “experts” had me thinking — NGPF has this! NGPF does this! NGPF is this! — over and over again. Here are a few excerpts:
Way back in August of 2015 I created what remains one of my favorite projects — “Joining the Market,” also known as “Ravioli Den” among friends. I started off just wanting to create something that simulated the buying and selling of shares, but it rapidly morphed into an awesome, whole-class game that teaches roughly 10 investing concepts in two class periods: It’s truly one of my finest works at NGPF. So, I brag about it all the time, but recently, teachers have written in to rave about Ravioli Den, too.
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:
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:
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:
This one surprised me. Maybe we should continue to teach check-writing after all!
Answer (from Qualtrics survey): 42%
A great question for your students to ponder before diving into your Career unit. The impetus for this question came from a story I heard on the Marketplace podcast:
While listening, ask your students to listen: