Show 62 - Financial decision making in your classroom and life with Rob Phelan
In this episode, I talk with Rob Phelan about teaching personal finance in the classroom and the importance of financial decision-making over content.
12/4/20241 min read
If you’ve been recently shoved into teaching a personal finance class or even a unit on personal finance within your overall course, then this is the episode for you! If you’d like insight into the basic principles that make someone good with their money--financial decision-making--then you’ll want to listen as well. Rob goes into the resources he uses, and creates, to teach this foundational skill to his students along with all the other standards that come with his class. Here are my top takeaways from this episode.
Show Notes
Jumpstart Financial Education for Teachers
Council for Economic Education standards
Recommended Books (Amazon Affiliate Links)
Key Ideas
Financial independence is for everyone because there will come a day when we all must stop working. Having money gives you options.
Have a good established curriculum and adapt it as you go. Make it exciting!
Good teaching starts with you. Start by learning and applying these personal financial principles.
Listen to multiple sources of information to learn what is true in this information saturated world.
Bonus Tip
Here is a bonus tip I didn't get to in the episode.
There are so many good books at the middle and high school level that you can use to teach personal finance. I highly recommend using The Richest Man in Babylon. It is an old book, so some of the language is hard for them, but it is a story about how to accumulate wealth and your students will get it. I read this with 7th graders and they loved it. And for younger students, check out Rob’s book M is for Money. It is a great alphabet-style money book.