Don't Retire...Graduate! M is for Money: Teaching Personal Finance to Kids in School and at Home with Rob Phelan
Welcome back to Don’t Retire... Graduate! Today we’re going back to school with Rob Phelan, a high school math and personal finance teacher and author of the children’s book M is for Money. Rob is here, live from his classroom, to talk about money and the roadblocks we’re facing while advocating for personal finance education for kids.
In this episode we’ll talk about:
•The difference between math and personal finance
•Why we overestimate our abilities in nearly all aspects, but doubt our abilities to understand and make money
•Money stories and how we’re shaped to make decisions as children
•Why it’s so hard to create a formal education in personal finance
•The struggles teachers face when creating personal finance curriculums
•Nonprofit organizations that have resources available for schools and students
•How kids can start learning about money as early as preschool and how we can teach money concepts at different ages
•Entrepreneurship, pre-selling a business idea, and crowdfunding
•Understanding regret and buyer’s remorse as a child
•The ice cream theory of teaching patience and delayed gratification to toddlers
Visit www.misformoneybook.com to learn more about Rob's book.
Visit dontretiregraduate.com for a full transcript of this episode.
About Rob Phelan
Rob Phelan is a high school math and personal finance teacher in Frederick, Maryland, a Certified Financial Education Instructor, business owner, and author of the recently published children’s book, M is for Money.
Rob is a passionate advocate for greater levels of financial education to help our youth make better financial decision moving into their futures.
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