Thank you to Ron Lieber, NY Times columnist for recently joining the NGPF Podcast show. Ron shares what he has learned in the process of writing over 700 personal finance columns and answers such questions as:

. What is the best method to teach personal finance?
. What anxiety are parents feeling when it comes to teaching their kids about money?
. What are good ways to teach teens about investing?
. How can young people and their families make better decisions about applying for and paying for college?

Details:

• 0:00~0:31 – Introduction
• 0:31~0:56 – Ron’s background
• 0:56~1:41 – Why Ron writes about personal finance
• 1:41~2:13 – Ron discusses what he considers his most impactful columns
• 2:13~4:11 – Discussing Ron’s column about students writing about money-related topics for their college essays
• 4:11~8:28 – Ron’s most popular columns in terms of comments and pageviews
• 8:28~10:56 – What Ron learned from his book tour about parental anxieties
• 10:56~14:21 – Teaching ‘values’ to students in a personal finance classroom
• 14:21~19:06 – Best ways to teach personal finance
  • Reach out to Ron if you have a semester-long preparation for college course at your school!
• 19:06~24:16 – Factors that 18 year olds and their parents should consider in college selection process
• 24:32~27:53  – Ron’s college selection process
• 27:53~30:16 – How to incorporate the concept of risk into investing
• 30:16~31:54 – Stocks vs. Index Funds
• 31:54~32:44 – One app that helps organize one’s finances
• 32:44~33:32 – Closing

• Helaine Olen NGPF podcast referenced in podcast
• Ron Lieber NY Times columns referenced in podcast
  • “Index Card Financial Advice“
  • “Students and Money, In Their Own Words“
  • “Why You Should Tell Your Children How Much You Make“
  • “Class Field Trip Stops at a Local Pawnshop”
    • Brian Page, personal finance teacher referenced in this article, on NGPF podcast
• Keeping Up With the Jones example: Why You Might Go Bankrupt If Your Next-Door Neighbor Wins the Lottery
• NGPF Activity: How To Manage Money and Fit In On An Index Card
• The Opposite of Spoiled (Ron Lieber’s recent book)

About the Author

Tim Ranzetta

Tim's saving habits started at seven when a neighbor with a broken hip gave him a dog walking job. Her recovery, which took almost a year, resulted in Tim getting to know the bank tellers quite well (and accumulating a savings account balance of over $300!). His recent entrepreneurial adventures have included driving a shredding truck, analyzing executive compensation packages for Fortune 500 companies and helping families make better college financing decisions. After volunteering in 2010 to create and teach a personal finance program at Eastside College Prep in East Palo Alto, Tim saw firsthand the impact of an engaging and activity-based curriculum, which inspired him to start a new non-profit, Next Gen Personal Finance.