Audio Resource

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NGPF Podcast: Tim Talks To Educator Nick Simmons of Hopkins Academy (Hadley, MA)

Thanks to Nick Simmons for his recent appearance on the NGPF Podcast. I learned about Nick’s work at the Hopkins Academy in Hadley, Massachusetts from a recent feature in the local paper describing his passion for personal finance. In this podcast, Nick shares his methods for teaching challenging topics like taxes and investing and how he uses technology in creative ways. You will also learn how his advocacy work made personal finance education a requirement at his high school. Enjoy!
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Audio Resource: How Does Our Spending Reflect Our Values?

Just done listening to this 28 minute Hidden Brain podcast “Money Talks” which asks such provocative questions such as:

  • Would you buy clothing from a department store if you knew the apparel was made in a sweatshop?
  • If you have a choice between a local coffee shop and a national chain, which would you choose?
  • Does how a company treats its employees (e.g, Uber) or customers (e.g., United) factor into your purchasing decision?

I also learned a new term listening to this podcast:”buycott”, which is the opposite of boycott. You will also hear about some interesting research findings about how ethics play into purchase decisions.

Description

You Know That Annual Fee On Your Credit Card…Well, It’s Negotiable!

From WSJ (subscription):

More than 80% of people who ask their card company for relief from their annual fees receive it, according to a new survey. Most get the fee waived entirely, while a smaller portion receive a fee reduction, according to a CreditCards.com report released Monday that surveyed around 950 card users.

Why are card companies so flexible? Well, it’s a competitive marketplace out there:

By |March 29th, 2017|Activity, Audio Resource, Credit Cards, Current Events, Research|

Podcast: How Does Scarcity (Time, Money, Relationships) Impact Our Brain?

Thanks for my friend Dan Mennel for pointing this podcast out to me: Hidden Brain: Tunnel Vision (Episode 65, 36:34)

What I like about this podcast:

The first fifteen minutes of the podcast deal with the issue of money scarcity and describe how our brains are wired to handle it and how our responses often meet short-term needs at the expense of our long-term goals.

From Hidden Brain website: When you’re hungry, it can be hard to think of anything other than food. When you’re desperately poor, you may constantly worry about making ends meet. When you’re lonely, you might obsess about making friends. This week on Hidden Brain, we explore the psychological phenomenon of scarcity and how it can affect our ability to see the big picture and cope with problems in our lives.

  • Timeline:

Your Weekend Podcasts

Oops. Meant to get this out on Friday. Here’s what I have been listening to the past week (or hope to listen to soon):

  • Bill McNabb, CEO of Vanguard Group (Masters in Business with Barry Ritholtz; over one hour). Vanguard recently crossed $4 trillion in assets under management. McNabb describes why index funds are increasing their market share, how Vanguard’s robo-advising business is growing, and the importance of fees when it comes to investing over the long-term. For those interested in learning more about index investing, this is a great primer! McNabb also shares some valuable career advice that he gained from an unlikely mentor.
By |March 5th, 2017|Audio Resource, Index Funds, Investing, Policy|

A Few Podcasts To Get You Thinking…

I had a few long car rides today and wanted to share a few Hidden Brain podcast episodes that you might find useful:

  • Misbehaving (24 minutes): Interview with behavioral economist Richard Thaler of “Nudge” fame. Discusses how traditional economics misses the boat when it comes to the foibles of human behavior (e.g., lack of self-control). Discusses research findings that explain why cabs aren’t available on a rainy day, why we use money differently depending on its source, how self-control is real work (including the marshmallow experiment) and importance of “hot” and “cold” states when it comes to decision-making.

By |February 26th, 2017|Audio Resource, Behavioral Finance, Current Events, Investing, Research|

NGPF Podcast: Tim Talks to Allan Roth, Author, Columnist and Financial Advisor


Thanks to Allan Roth for recently joining the NGPF podcast. I got to know Allan a few years ago when I needed an advisor to help me “tune-up” my portfolio. I appreciated his candor, his analytical chops, his thoughts on asset allocation, his laser focus on fees and his willingness to challenge some of my assumptions. One of his best suggestions was that I create an investment policy statement which serves as a guide to my asset allocation during those turbulent market conditions that try mens’ (and womens’) souls. He wrote a provocative book that I recommend, How A Second Grader Beats Wall Street, which describes the simple strategies needed to be a successful investor (you will find out exactly who this wise second grader is during the podcast). Listen to this podcast and you’ll walk away with some ideas to make you a better investor. Enjoy!

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Charles Kafoglis, NGPF Fellow, explains his school’s unique perspective on fin lit

Two in one week! A second NGPF Fellow, Charles Kafoglis, has submitted a guest blog spot, and we’re happy to have it. Charles is a teacher at an all-girls Catholic school in Houston, TX — Incarnate Word Academy — and they’ve got a really unique leadership model that weaves throughout their entire school culture and course curricula. Charles shares that outlook, as it pertains to the personal finance class he teaches, as well as two interesting videos, in the guest post below: