Jul 04, 2016

Question: What Can You Learn From The NFL Personal Finance Training Camp?

Answer:  Skim the 48 slide presentation from their FINANCE CAMP and find out!

From MarketWatch

The NFL held its second annual Personal Finance Camp for players from April 4 to 7 in Fort Lauderdale, Fla. The first session, “Funding an Uncertain Lifespan,” was led by Patrick Kerney, who played in the NFL for 11 years and is now director of business development at National Fire & Casualty Investments. After retiring from the league, he got his MBA at Columbia University and was the vice president of player benefits at the NFL.

Here’s the slideshow he used in the class, which focused on staying ahead of inflation and the importance of controlling what you can: Where you live, what you spend, what level of goods and services you purchase, and realizing the difference between what you want to buy and what you need to buy.

I didn’t have time to zip through the 48 slide presentation deck (blame the spotty Wi-Fi on my flight), but you might ask your students to answer the following questions:

  • Identify at least 2-3 concepts that seem most relevant in your life.
  • What terms are you unfamiliar with?
  • What is it about a football career that makes education like this so important?
  • What was most surprising for you to see in this presentation?

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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