Morgan Housel is back for an encore performance on the NGPF Podcast to talk about his new book, The Psychology of Money. Morgan has that rare talent of making financial lessons memorable through incredible storytelling that weaves in history, psychology, sociology and even medicine. In fact, his book is a compilation of 19 of his favorite stories. Listen to this podcast and learn about his creative process, his favorite stories and the money lessons they teach and COVID-19's long-term impact on financial behaviors. Enjoy!

We invited Ron Lieber to the NGPF Speaker Series to share details about his forthcoming book (Jan. 2021), The Price You Pay for College. In this conversation, Ron describes the reasons students go to college and what goes into determining the price that students and their families pay for it. He will also share his perspective on the impact of COVID-19 on higher education and how it may (or may not) shape college attendance in the future. Enjoy! 

Student voice is critical when it comes to increasing access to financial education. Angie Leung and Vidula Mannem share their advocacy journey in this NGPF podcast. Their focus is on ensuring that any financial education must include behavioral finance since knowledge is not enough when it comes to money. Enjoy! 

When the Marketplace team floated the idea of a podcast for kids about money about a year ago, I loved it. I listened to the pilot episodes with my kids and it sparked some great family conversations so I jumped at the opportunity to provide seed funding for this project. Now five weeks into launch, Million Bazillion, has rocketed to the top of the charts for Family and Kids podcasts on iTunes.

Thanks to Sitara Nieves, Executive Director of On-Demand at Marketplace and Jed Kim, host of Million Bazillion for stopping by and giving us a behind the scenes look at what goes into creating such a popular podcast. They will share their creative process, the research that informed the development of this podcast and the feedback that they have received from listeners. Enjoy!

Jack is a repeat guest on the podcast. He's currently a student at East Greenwich High School in Rhode Island. When we last spoke with Jack earlier this year he was advocating for financial education alongside Treasurer Magaziner. In this podcast, Jack discusses his work this summer leading a group of students through a series of investing lessons. Well, that's what I thought we were going to talk about. Instead our conversation took a detour as we talked about the speculative nature of today's stock market and how apps are skewing students' perceptions of the stock market and their behaviors. He has a fascinating take on this and I urge educators to take note as this is what your students will be talking about this fall! Enjoy!

Let's face it, figuring out how much a college costs is an incredibly opaque process that most don't discover until that aid award letter arrives sometime in April. Mark Salisbury was all too familiar with that process as an admissions officer where he worked directly with families trying to figure out this out. He knew there had to be a better way which led him to found TuitionFit. Hear the journey that Mark has taken as an entrepreneur while also learning more about the cost of college and the impact of Covid-19 on higher education. Enjoy! 

Erin shares her passion for financial education, what led her to write a book and the importance of storytelling to engage young people to take action with their finances. Enjoy!

Details:

0:00~0:06 Introduction
0:06~0:46 The kind of work Erin does
0:46~3:54 Early money lessons
3:54~6:35 Working a variety of jobs growing up
6:35~8:12 Starting a blog
8:12~10:26 The breakthrough moment
10:26~12:23 Writing Broke Millennial 
12:23~14:40 Working during the pandemic
14:40~17:50 How Erin is different from other authors
17:50~19:32 Investing and paying off debt
19:32~21:09 Importance of investing for retirement
21:09~23:01 Index funds versus individual stocks
23:01~23:25 A word from NGPF
23:25~26:15 Closing the gender gap in investing
26:15~28:07 What readers get out of reading Erin’s books
28:07~30:34 Awkward money conversations
30:34~32:22 Partners with different investment risk tolerances
32:22~37:38 When to start thinking about paying for college
37:38~40:34 What GenZ students are interested in
40:34~44:34 Popularity of commission-free investing apps
44:34~ Conclusion

The NGPF Community was fortunate to have an amazing set of speakers this week for our latest installment of the NGPF Speaker Series. Venture Investor and author Ryan Craig joined personal finance guru/author Eric Tyson to discuss both alternatives to college and for those choosing the college path, strategies to keep the cost of that degree to a minimum. 

• "Incredibly eye-opening session about alternatives to colleges."
• "With what I learned today, I will continue to push for alternatives so students will get more value out of their educational funds."
• "They were awesome and full of information and advice. I'm in WOW!"

Be sure to check out their latest books:

• Personal Finance for Dummies by Eric Tyson
• A New U: Faster + Cheaper Alternatives to College by Ryan Craig

Thanks to Eric Tyson for returning to the NGPF podcast to discuss his new book, Paying for College for Dummies. You might remember Eric from an earlier podcast episode where our focus was on personal finance and investing. He has taken on this new challenge of explaining how the college financial aid process works in ways that we can all understand. Now that is an admirable undertaking given its opacity! In this podcast, Eric shares common misconceptions that people have about financial aid, the prevalence of discounting in higher ed and how to think about negotiating for a better package in this age of Covid-19.  

Thanks to Stuart and Brian (a repeat guest on the NGPF Podcast) for sharing details about their respective entrepreneurial journeys and their Mimic Personal Finance platform. Enjoy!