How One Man Makes High Schoolers Care About 401K & IRA

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Today’s guest is Tim Ranzetta, co-founder of Next Gen Personal Finance, a non-profit organization working to increase access to financial education.
In today’s episode, Tim updates us on everything going on with Next Gen Personal Finance. You all know I’m a huge proponent of teaching kids personal finance and Tim is as focused on this making this happen as much as anyone. He talks about “Mission 2030,” which is to guarantee every high school student in the US takes at least one semester-long personal finance course by 2030.
Tim also shares how you can get involved in your community, along with some books and podcasts he’d suggest for kids to teach them about personal finance. I have a feeling in 7 years, Tim will be back on the show to celebrate achieving Mission 2030.
To see links or read the transcript of the episode, visit us at:
mebfaber.com/2024/03/08/tim-r...
(1:30) - Welcome to our guest, Tim Ranzetta; Tim's first episode on the podcast
(2:03) - Update on Next Gen Personal Finance
(8:25) - Financial education in California
(13:31) - Financial education in schools
(18:27) - Designing the curriculum for personal finance in high schools
(25:57) - What the future looks like for Next Gen Personal Finance
(27:49) - How you can get involved
(33:01) - Psychology of Money by Morgan Housel; Mind Your Money by Yanely Espinal; How to Adult by Jake Cousineau; Gen Z Money $ense by Ella Gupta
(34:55) - Lessons learned over the years
(38:42) - The Invest America program
Learn more about Tim: Financial4ca.com; Next Gen Personal Finance
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[@user-mp6ww4wl4c]

The first time I heard this podcast, I couldn't believe it. Making teenagers care about retirement. Amazing!

[@BitsOfInterest]

This is perfect! My wife keeps asking me every now and then if I'd do a guest class around personal finance after I got our personal finances in order. I'm not qualified to create a lesson plan or teach, so now I can point her to this 😂
PS I hope the professional development has a nudge and wink to how teachers are being taken advantage of with expensive insurance products in their 403(b)...