Entrepreneurship

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NGPF Podcast: Tim Talks To Micro-Lending Aficionado, Kristen Goggin of Town School For Boys (San Francisco, CA)

I enjoyed my recent conversation with Kristen Goggin, a 6th grade math teacher at the Town School for Boys in San Francisco, California. Laura Matchett, our director of teacher engagement, “discovered” Kristen who had penned an article about the innovative approach she used in her classroom to develop students who think globally. Find out how she uses the micro-lending website, Kiva, as the centerpiece for her unit that develops entrepreneurial skills as well as empathy for entrepreneurs in other countries (did I mention math skills, too?). Her students use profits that they generate from their own companies to provide loans to start-ups thousands of miles away. Listen to this podcast and find creative ideas that you can use in your classroom too! Enjoy!

Details:
  • 0:00~0:58 – Introduction
  • 0:58~2:28 – What Kristen does during her free time
  • 2:28~3:37 – Kristen’s day job
  • 3:37~6:52 – Micro-lending project
  • 6:52~16:35 – How the project works
  • 16:35~19:05 – Business ideas developed by students
By |May 22nd, 2017|Current Events, Entrepreneurship, Podcasts|

NGPF Podcast: Tim Talks To Wealthfront Co-Founder and CEO, Andy Rachleff

Thanks to Andy Rachleff for this great conversation on the NGPF podcast recently. To say Andy has had an amazing career is an understatement. To name just a few of his roles: Founder of a premier venture capital firm (Benchmark), successful venture capitalist, sought after entrepreneurship instructor (Stanford Graduate School of Business) and currently a co-founder and CEO of a financial services disrupter (Wealthfront). Andy shares the insights he has gained over his illustrious career as well as the reasons he is so passionate about Wealthfront’s mission to democratize investing. Listen to this podcast to not only learn more about what makes a successful start-up but also the origin story behind Wealthfront and how automated investing is disrupting the investment management business. Enjoy!

Details:

By |May 15th, 2017|Entrepreneurship, Index Funds, Investing, New Products, Podcasts|

NGPF Podcast: Tim Talks To Vince Roeshink, Educator, Entrepreneur and Former Financial Advisor

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Vince Roeshink has worn several “different hats” in his career. His current role as director of the Academy of Finance at University High School in Orange City, Florida seems the perfect culmination of a career path which has included stints as a stock broker and founder of a martial arts school (oh, and he has a black belt classification too). Vince is all about bringing the “real world” into his classroom. Learn how he does it in this entertaining conversation.

Details:
  • 0:00~1:14 – Introduction
  • 1:14~4:14 – Vince’s job and background
  • 4:14~5:53 – Financial advising
  • 5:53~7:13 – Saving for retirement
  • 7:13~10:04 – Passion for personal finance
  • 10:04~15:48 – Field trips
  • 15:48~17:18 – Student feedback
  • 17:18~21:27 – Background of students in his class
  • 21:27~27:16 – Career advising
  • 27:16~29:48 – Role of technology in the classroom
  • 29:48~33:57 – Favorite online resources
  • 33:57~34:16 – A word from our sponsor, Next Gen Personal Finance
  • 34:16~37:46 – Favorite class to teach
  • 37:46~40:52 – Favorite thing bought for under $10
  • 40:52~42:38
By |April 23rd, 2017|Entrepreneurship, Investing, Podcasts|

Question of the Day: What Are the Three Most Useful Inventions of All-Time?

Answer:

  • Most useful: Cell phone, disposable diaper and alarm clock.
  • Most important: Electricity, Internet and The Wheel

From Time Invention survey of 10,197 people in seven mature markets (South Korea, the U.S., Germany, Sweden, Australia, the U.K. and Singapore) and 10 emerging markets (South Africa, Kenya, Russia, the United Arab Emirates, China, Brazil, Turkey, India, Mexico and Indonesia).: 

Question: What Is Most Valuable Car Company In the United States?

a. General Motors

b. Ford

c. Tesla

Resource Lists for Financial Educators (courtesy of Barbara O’Neill of Rutgers Cooperative Extension)

What does a distinguished professor do during her sabbatical? Curate personal finance resources, of course! In this blog post, Barbara O’Neill shares the fruits of her hundreds of hours of labor in putting together three awesome resource lists (see bottom of post for links to her lists), including what what she considered the “best of the best” from the NGPF library. As she describes below, the purpose of her odyssey was to replenish her “well” of creative learning activities. I hope that your “well” overflows as you find resources that will work in your classroom. Thank you Barbara for this tremendous gift to the community! Your commitment and dedication to improving financial literacy in this country inspires us.

Articles: The History of the Department Store and the Modern Day Department Store Destroyer

Two articles that I thought your students might enjoy since shopping seems top of mind for many teens. I think these would be particularly good as a supplement for your investing or entrepreneurship lessons. One article describes the rise of the department store (Inventing the Department Store in Barrons; about 5 minutes reading) and the other describes the modern day Leviathan that is destroying department stores and other competitors too (Amazon: Primed from the Economist (three articles free per week); about 15 minutes reading).

A Q&A follows focused on the key takeaways from the readings.

Some highlights from the Barrons article:

What led to the first department stores being opened in London? 

As affluence increased in the 18th century and the Industrial Revolution made more goods available, shopping began to evolve into what would become the department store. The first ones began by catering to the most common type of shoppers, women. The first real department store, Harding, Howell & Cos.’ Grand Fashionable Magazine, opened in London in 1796. Its four departments carried furs, jewelry, dresses, and hats, and accessories such as lace and gloves.

Who brought concept to US? Alexander Stewart

What was his insight that led to their popularity? 

Snapchat Is Going Public. Would You Buy Their IPO?

First an admission. I have never used Snapchat. Despite that, I thought their upcoming IPO would be a good hook to get students interested in how the stock market works. Before diving into the specifics of Snapchat (actually it is their parent company, SNAP, who is going public), here’s a good video from Wall Street Survivor that explains what an IPO is:

Questions: