Tools & Techniques to Teach Money © The Money Professors (TM) 2013 Career and Technical...

Tools & Techniques to Teach Money

© The Money Professors (TM) www.TheMoneyProfessors.com

2013 Career and Technical Education Summer Conference

Len Rhodes M.B.A. C.P.F.M.

Mark C. Weitzel M.B.A. C.P.F.M.

July 24, 2013

Build Your Financial Muscle by Building Your Financial Knowledge

Who Wants to be a Millionaire?

How much do I have to invest every month to become a millionaire?

A. $250B. $500C. $750D. $1000E. I never have any money left

so what difference does it make.

Tell Me about the Class

History 60 students 12 years ago 1,000 students today

Assessment SOIS Survey Extra Credit quiz – 3 questions Student Lunch $100,000 Challenge

Make it Easy

Mouthwash doesn’t have to burn Personal finance is NOT investing One size fits all advice doesn’t work No one is in a better position than you to

make the best decision for you Understand how those who are helping

you are being compensated

Make it Relevant

Personal stories Practice what we Preach Learn from Other’s Mistakes Admit our Own Mistakes

It has to matter to the students

Make it Relevant

Personal stories Practice what we Preach Learn from Other’s Mistakes Admit our Own Mistakes

It has to matter to the students

Sticky Message

Student Engagement:$36,000 Per Year Income

$36,000 Per Year Income

INCOME $3,000 Per Month!

$36,000 Per Year Income

INCOME $3,000 Per Month! - Federal Taxes 400

$36,000 Per Year Income

INCOME $3,000 Per Month! - Federal Taxes 400 - State Taxes 300

$36,000 Per Year Income

INCOME $3,000 Per Month! - Federal Taxes 400 - State Taxes 300 - FICA 200

$36,000 Per Year Income

INCOME $3,000 Per Month! - Federal Taxes 400 - State Taxes 300 - FICA 200 - Rent 500

$36,000 Per Year Income

INCOME $3,000 Per Month! - Federal Taxes 400 - State Taxes 300 - FICA 200 - Rent 500 - Car Payment 400

$36,000 Per Year Income

INCOME $3,000 Per Month! - Federal Taxes 400 - State Taxes 300 - FICA 200 - Rent 500 - Car Payment 400 - Car Insurance 100

$36,000 Per Year Income

INCOME $3,000 Per Month! - Federal Taxes 400 - State Taxes 300 - FICA 200 - Rent 500 - Car Payment 400 - Car Insurance 100 - Utilities 350

$36,000 Per Year Income

INCOME $3,000 Per Month! - Federal Taxes 400 - State Taxes 300 - FICA 200 - Rent 500 - Car Payment 400 - Car Insurance 100 - Utilities 350 - Food 400

$36,000 Per Year Income

INCOME $3,000 Per Month! - Federal Taxes 400 - State Taxes 300 - FICA 200 - Rent 500 - Car Payment 400 - Car Insurance 100 - Utilities 350 - Food 400 - Student Loans 250

$36,000 Per Year Income

INCOME $3,000 Per Month! - Federal Taxes 400 - State Taxes 300 - FICA 200 - Rent 500 - Car Payment 400 - Car Insurance 100 - Utilities 350 - Food 400 - Student Loans 250

Leftover $ 100 Per Month!

Make it Fun

Passion We have fun with it – so they have fun

with it

What students are saying

“Best class I have ever taken. They actually care about us learning, which makes us want to learn… I am so glad I took this course. Every teacher should model their classes off of this one. It's the class I learned the most in and enjoyed the most!”

When signing up for Personal Finance, I was unsure of what the course would be like. I was afraid it would be hard to grasp but as this course comes to an end I can honestly say it has been my favorite class at Winthrop so far. It was challenging and very relevant to my life right now. I am thankful for all I have learned and will keep it with me forever.

What students are saying

© The Money Professors (TM) www.TheMoneyProfessors.com

Bruno Mars Music Video

Tools & Techniques to Teach Money

© The Money Professors (TM) www.TheMoneyProfessors.com

2013 Career and Technical Education Summer Conference

Len Rhodes M.B.A. C.P.F.M.

Mark C. Weitzel M.B.A. C.P.F.M.

July 24, 2013