Aug 22, 2017

NGPF Podcast: Tim Talks to Innovative Financial Educator, Lothar Konietzko of Everett High School (Lansing, Michigan)

From his first job delivering newspapers to assorted "side hustles" he had in high school and college, Lothar Konietzo learned early on the value of saving money. I became aware of Lothar's work as he was recently recognized by VISA as an Innovative Educator. You will enjoy hearing about the creative activities he has developed to engage his students. These include using sneaker culture to teach entrepreneurship and how he has adapted the stock market game to teach the importance of long-term investing. Enjoy! [Apologies for the sound quality on my end as I was having technical difficulties]
 
Details:
  • 0:00~0:56 - Introduction
  • 0:56~2:47 - Background and passion for personal finance
  • 2:47~3:55 - Bringing economics to life
  • 3:55~5:33 - Lessons learned from parents
  • 5:33~8:18 - First job
  • 8:18~13:15 -  Sneakers in the classroom
  • 13:15~18:00 - Surprises for the students
  • 18:00~22:35 - Lothar's adaptation of the Stock Market Game
  • 22:35~22:48 - How he teaches index funds
  • 22:48~28:06 - The unifying thread for his economics course
  • 28:06~28:24 - A word from our sponsor, Next Gen Personal Finance
  • 28:24~31:50 - Best thing he has bought under $10    
  • 31:50~33:02 - Favorite online resources
  • 33:02~33:28 - Book recommendation
  • 33:28~34:35 - Weekly text to former students
  • 34:35~36:19 - Conclusion
Resources:
Notable Quotes:
  •  "I learned the value of putting money aside growing up with my mom... My dad was conservative with money and he always saved money for a rainy day. These are clichés but they are really important clichés". 

 

 

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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