Jun 19, 2017

NGPF Podcast: Tim Talks to Kiplinger Editor and Author Janet Bodnar

It was great to have Kiplinger editor Janet Bodnar on the podcast recently. As a newly minted college graduate, I recall leafing through a Kiplinger magazine (pre-internet) and benefitting from their practical, easy to understand financial advice. As an editor, columnist and author, Janet has an amazing depth of knowledge about personal finance. We focused our conversation on what we should be teaching young people about money as well as the importance of encouraging women to develop financial skills. You will get great advice about investing while learning about Janet’s collecting habits which she gleefully displays on her home refrigerator. Enjoy!

Details:

  • 0:00~1:26 – Introduction
  • 1:26~3:18 – Janet’s day job
  • 3:18~10:22 – Early money lessons
  • 10:22~15:42 – How Janet’s kids think about money
  • 15:42~20:23 – Does financial education work?
  • 20:23~22:50 – How should we be teaching young people about money?
  • 22:50~31:00 – Investing
  • 31:00~37:36 – What should we be teaching young women about money?
  • 37:36~37:54 – A word from our sponsor, Next Gen Personal Finance
  • 37:54~40:52 – Other columnists that she reads
  • 40:52~42:27 – Best thing purchased for under $10
  • 42:27~43:49 – Worst financial habit
  • 43:49~46:37 – Book recommendation
  • 46:37~49:14 – Weekly text to teens
  • 49:14~50:12 – Conclusion
Resources:
Notable Quotes:
  • “A teacher who teach personal finance are not alone. There are a lot of resources online and using these resources to teach children first hand makes all the difference.”
  • “You can own the whole world with a couple of mutual funds and it doesn’t even cost that much.”

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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