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An important skill for students to build is the ability to critically analyze any form of media (articles, videos, reader comments or even friends and family) that they rely upon for financial advice. Forums such as Bogleheads can be a useful place to find financial advice but still requires a critical eye to separate the signal from the noise.
I came across this question on Reddit (“Just turned 18, What is the best way to start building credit) that had a manageable number of responses. I thought this would be a good assessment to use after your Managing Credit unit. This question about building credit has become more important for young people given CARD Act regulations that make it difficult to get a credit card before the age of 21 unless you have a parent co-signer or an independent source of income.
Here’s the mini-activity. Ask your students to…
Update of an earlier post from January 2016 (we like to keep things current around here:)
Here’s where the data came from for this report:
In order to identify the cities with the highest and lowest credit scores, WalletHub’s analysts compared the average credit scores of residents in each of 2,534 U.S. cities as of October 2016, based on TransUnion data.
Click on a dot in the map near where you live to determine how your community’s credit score compares with the rest of the country:
- Tesla now worth more than Ford but their valuation depends on hitting aggressive sales targets for Model 3 (Economist)
But Tesla is going to have to crank production up by an awful lot more to make the 500,000 cars a year which Mr Musk wants to see pouring off the production line by 2018, let alone the 1m intended for just two years later. To reach those volumes, Tesla is counting on its forthcoming Model 3. Priced at around $35,000, the new car will cost around half that of the other two models. Due to begin production later this year, the Model 3 is supposed to take Tesla into the mass market, where it will face stiff competition from plug-in vehicles produced by existing mass manufacturers, including GM, Nissan and BMW.
- Can taking a financial education course reduce impulsive behavior? Research out of Utah State suggests the answer is yes! (WSJ with hat tip to Abnormal Returns):
Looking for a great opportunity to deepen your knowledge on a topic that has been vexing you for weeks, months or maybe even years? Well, the NGPF podcast is a great place to turn. I interview experts including educators, NY Times bestselling authors, columnists at leading newspapers, researchers and academics. I thought I would share with you our top 10 podcasts over the past 12 months, based on data from Soundcloud: