NGPF Podcast: Micah Bender on how new NCAA regs increase need for financial education
Thanks to Barb O'Neill for connecting me with this week's NGPF podcast guest. Micah Bender wears a few hats including leading financial literacy efforts at the state level in New Jersey. His side hustle involves providing financial education to college student-athletes. This brings together two of Micah's passions derived from 14 years as a personal finance teacher and sports coach. That passion is evident in our conversation that follows. Enjoy!
Details:
- 0:00~1:32 Introduction
- 1:32~2:46 The multiple hats Micah wears
- 2:46~7:30 How college athletes can now make money for their name, image, and likeness
- 7:30~9:33 On college athletes making millions of dollars
- 12:04~15:22 Where academics fit into the college athlete’s life
- 15:22~15:59 A word from NGPF
- 15:59~21:05 Importance of educating college athletes about personal finance
- 21:05~23:52 Increasing the number of opportunities for students to learn about personal finance
- 23:52~27:39 Favorite activities and projects to use in the classroom
- 27:39~30:10 Words of inspiration
- 30:10~31:23 Conclusion
Resources:
Quotes:
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“Where there’s a will, there’s a way. Go to your principal, go to your supervisor, go to your superintendent and convince them on how important financial literacy is for every single student in America because we are raising the next generation of adults.”
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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.
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