New Products

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Question: Will You Own A Car in the Future?

Interesting WSJ article (subscription) highlights how dramatically the concept of car ownership is changing in light of current ride-sharing trends and the potential for autonomous vehicles in the future. Here’s a graph that shows how new car buying has slowed dramatically among younger Americans:

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 NGPF’s Jessica Endlich and Sonia Dalal About Their New One-Semester Course

Today on the podcast we hear from NGPF’s Jessica and Sonia about the new One-Semester Course that they are creating. We often hear from teachers that NGPF has great content but also that there is SO much of it.  Given how busy you are, we wanted to make it easy for you by developing the “greatest hits” of NGPF that you could fit into a semester course. Putting their problem-solving hats on, Jessica and Sonia are in the process of developing a One-Semester Course of exactly 90 lessons (18 weeks) of exactly 45 minutes each that you can use to teach your course in the fall. They have created the first four units of this course, provided PD in webinar format, and now join me on this NGPF podcast. We will go under the hood to learn how this new curriculum is being developed, the timeline for its rollout and how they incorporated teacher feedback to continue to improve their product. Enjoy!

Details:

Product Review: Worried About Overdrawing Your Checking Account? There’s An App for That!

A whole lot of peoples’ pain ($33 billion in overdraft fees) seems like an opportunity to one entrepreneur!

From BusinessInsider:

Mark Cuban was crushed with overdraft fees in his 20s. Now he’s backing an app that’s trying to help people avoid having to pay them. The billionaire has invested in a new app called Dave that aims to predict coming expenses for users to help prevent them from overdrafting on their bank accounts.

Have your students go to Dave.com and review the app:

What I’ve Been Reading This Week (For Week Ending 4/8)

  • 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.

Fifty (50!) Spanish Activities Now Available

In case you missed it in January, NGPF has heard the call, and we’re beginning to translate our original activities and projects into Spanish for use with your English Language Learners. Don’t worry — we’re not relying on my own poor command of the Spanish language (muy malo) — we’ve hired an awesome translator who is working through our resources in batches of 10. With four batches now complete, we’ve got 50 activities/projects across Checking, Saving, Budgeting, Types of Credit, Managing Credit, Paying for College, Budgeting, Investing, Careers, and Taxes ready for use!

How to access the Spanish translations (3 methods):

  1. Bookmark this directory page for links directly to the Spanish and corresponding English versions of the Google docs
  2. On our website, look for activities and projects with (Sp) following their title — that denotes the resource is available in Spanish  Spanish screenshot
  3. On individual activities or projects, look for the words Spanish Version under the header and click to open the translation.   Spanish version

 

Are Spanish translations going to be a game changer in your classroom?

New Curriculum: Our 8-Hour Workshop!

Asked to teach a 7-hour course at Castilleja School in Palo Alto, we polled the seniors at this high performing all-girls school to find out what personal finance topics they most wanted to learn, and they came back with:

  • How to budget during college and/or grad school
  • Understanding how credit cards and loans work
  • Buying a car
  • And how to invest

We rounded out their 5-class course with an hour on credit scores and, after working with the students, realized they also had a lot of questions about taxes. So, we turned our awesome Casti course into an 8-Hour Workshop to share with you.

Here are a few quick reasons I love this workshop:

  • It’s perfect if you don’t have a full semester course on Personal Finance. You can use part or all of the 8 hours in a senior seminar, an advisory, an after-school program, an intersession course, etc. Or, the individual lessons may be JUST what you’re looking to add into your full Fin Lit course.
  • It inspired us to create two new activities:
    • A whole-class, up-out-of-your-seats way to teach mutual and index funds (thanks, NGPF Fellow Andrea Stemper for the inspiration)
    • A new spin on our
By |March 6th, 2017|New Products, Personal Finance, Teaching Strategies|

Time Launches Coinage, A Video-First Site Dedicated To Personal Finance

From Press Release:

Today, Time Inc. (NYSE:TIME) launches Coinage, a new video-first brand covering personal finance that runs across 22 Time Inc. sites. Coinage will feature 600 short-form videos throughout 2017 to help guide everyday choices consumers make in spending, saving and investing for themselves and their families across all stages of life in a lighthearted and entertaining fashion.

Here are the first three videos they released. Each are between 1-2 minutes: