Using Using The World is FlatThe World is Flat and and Rich Dad, Poor DadRich Dad, Poor Dad to Teach to Teach

International Finance and International Finance and Financial PlanningFinancial Planning

Presented by the Academy of Finance at Presented by the Academy of Finance at The Bronx School of Law and FinanceThe Bronx School of Law and Finance

AgendaAgenda

• Introduction

• Objectives of using literature in finance classes

• The World is Flat in International Finance

• Rich Dad, Poor Dad in Financial Planning

• Student Experience

• Teacher Experience

The Bronx School of Law and The Bronx School of Law and FinanceFinance

• Located in the Bronx, New York

• 400 students

• First graduating class this year

• Academy of Finance is in its third year

• International Finance and Personal Financial Planning are required courses for all Finance seniors

Who are we?Who are we?

• Lena Borst, Academy of Finance Coordinator and teacher of International Finance

• Shok Dylon, Teacher of Personal Financial Planning

• Marjie Martinez, Recent graduate

• Ana Merditaj , Recent graduate

Objectives of Using LiteratureObjectives of Using Literature

• To increase vocabulary and literacy skills• To prepare students for post-secondary

education; literature is often used as the major source of information

• To apply real world/life events and perspectives to the concepts learned in class

• To encourage students to read current literature and question the author’s perspective to create their own viewpoints

• To teach students how to use literature as a tool to be life-long learners

International Finance CurriculumInternational Finance Curriculum

• Integrated curriculum: serves as both final semester of Global History and International Finance

• The World is Flat serves as textbook

• Assigned a country and participated in a global trade summit

• Focus on global economy and the role of the students in it

The World is FlatThe World is Flat by Thomas Friedmanby Thomas Friedman

• How the world became flat

• How the flat world impacts America, developing nations, and corporations

• The unflat world

• How the flat world impacts us

Activities Used to Teach Activities Used to Teach The World The World is Flatis Flat

• Group work

• Role playing– Consultants to Presidents, CEOs, and Prime

Ministers

• Silent Conversations

• Predicting the next chapter

Personal Financial Planning Personal Financial Planning CurriculumCurriculum

• Budgets• Expenses• Financial literacy (Ex: Assets vs. Liabilities)• Investments: Having money work for you rather

than working for money• Current Events• Used Rich Dad, Poor Dad as textbook• Taxes• Cash Flow Game

Rich Dad, Poor DadRich Dad, Poor Dad by Robert by Robert Kiyosaki with Sharon LechterKiyosaki with Sharon Lechter

• Importance of being financially literate

• Mind of the poor vs. mind of the rich

• Using investment skills to have money work for you

• Getting out of the rat race

• Power of taxes (1031)

Activities Used to Teach Activities Used to Teach Rich Dad, Rich Dad, Poor DadPoor Dad

• Daily tracking of expenses and income• Researching sources of personal financial

planning literature• Seminars• On-line research

http://richdadpoordad.com/http://www.wealthbasecamp.com/

• Cash Flow Game

Student Experience Student Experience The World is FlatThe World is Flat

• Successes

• Challenges

• How I’ll use this in the future

Student Experience Student Experience Rich Dad, Poor DadRich Dad, Poor Dad

• Successes

• Challenges

• How I’ll use this in the future

Teacher Experience Teacher Experience The World is FlatThe World is Flat

• Preparation

• Successes

• Challenges

Student Experience Student Experience Rich Dad, Poor DadRich Dad, Poor Dad

• Preparation

• Successes

• Challenges

QuestionsQuestions