The financial professional that I interviewed was Jasmine McGlashan, who is a realtor with United Real Estate North Jersey. She is a young and upcoming relator that specializes in residential real estate throughout the Central and North New Jersey area. Ms. McGlashan originally attended Michigan State University and then transferred back to her native state of New Jersey to attend Montclair State University. In 2015 she received her real estate license after watching her mother throughout her life flourish in real estate market. When I asked Ms. McGlashan what were the three biggest personal finance mistakes that she sees young people struggle with, she said, “Savings, young people don’t invest, or invest in the wrong things.” Ms. McGlashan
Julie Mialaret is my mother and she is 53 years old. My mother exercises very rarely because of her intense work schedule. She says it is hard for her to have the energy everyday to work out after long work hours. She has never smoked in her life because she does not find it appealing. Mrs. Mialaret eats a very low-fat diet and eats very small portions. My mother eats very healthy and is able to maintain her weight without exercise. She faces no barriers when it comes to eating healthy because growing up she ate little portions and couldn't afford fast food. I would like to change my eating habits to better reflect my mom's diet however, I would like to incorporate some sort of exercise into my daily routine. My mom hopes to start exercising
Natalie Dukes is one of the many students among Chino Hills High School who have already started their journey to their future. Natalie Dukes is a senior who is currently aspiring to become famous. When I asked how she planned on becoming famous, she automatically had a very detailed or planned out explanation. Natalie Dukes is currently applying to colleges. Last year, Natalie Dukes participated in the Chino Hills High School Girls Junior Varsity Volleyball Team. Natalie Dukes also has plans for after high school in order to pursue her dreams. She plans on going to either California Baptist University or California State University Fullerton, both of which are universities that offer degrees. When attending either of those universities, she hopes to major in Business and graduate with a Bachelor's Degree. As to why she wants to become famous, Natalie enthusiastically explained how she likes the perks that come with being famous.
Is there a day next week I could interview Kayla Williamson? This would take place during your Achievement class. If next week does not work, that is ok, her IEP is not until the middle of January. However, I would like to get the interview complete as soon as possible, therefore I could possible hold the IEP before Christmas break.
So often we hear about teaching the whole child. Today, more than ever, personal finance knowledge and awareness are a critical part of what it means to teach the whole child.
This interview has taught me that I don’t know a lot about what really went on throughout history. There are things such as textbooks but, they don’t tell how an individual felt or what it was like for each person to experience certain things during the same time period. For example, it is easier to generalize about how people felt during a major historical event or just living during a certain time period, such as the Great Depression, but it is another to actually get to know how it actually affected people. Everyone reacts to things differently and by generalizing it, it does not allow us to fully understand things that went on throughout and how the people were possibly changed by an experience.
In Alyssa’s interview I asked what the majority ethnicity of her high school teachers and students were. She explained that it was pretty common to see white female teachers, which is not a surprise, because according to the Association of Colleges for Teacher Education more than 80 percent of the bachelor’s degrees in education awarded during the 2009-2010 school year where to white students (AACTE). Alyssa’s school was not completely filled with just white teachers she notified me that her school also had an average amount of African American teachers along with Hispanic teachers. As for students she said that they were pretty diverse. Mexican, African American and whites were the majority of the school population.
In this society, some of the most important things in your life have to deal with money. In Chad Foster’s book, Financial Literacy for Teens, he taught his readers how to save, spend, invest and give away your money. Reading this book has taught me to start saving when I’m young, know the differences of what I need to buy rather than what I want, to make money while I sleep and giving away some of your money will not only help yourself, but help many others as well.
The first few chapters of the book provides the readers an assessment on how financially responsible they are, and the common obstacles that might hinder them in achieving
Despite the importance of finance, accounting, and consumer intelligence, these topics are typically neglected in high schools. Unfortunately, personal finance is often learned by trial and error. The problem with this method of learning is that it only takes one costly financial mishap to set you back for years. This is why I created a basic personal finance book for total beginners. With these concepts you can use the other books in the Smart Money series to further build your knowledge of personal finance topics.
Students are asked simple personal finance questions, yet most are uneducated about what the right answers are to those questions. Knowing about personal finance before adulthood can help future generations not repeat the same mistakes as past generations. People who don't have a basic knowledge about financial literacy tend to not plan for retirement, and are more likely to borrow money with high interests rates not knowing how much it will cost them (Shepard). Learning to create a budget, saving money, and using a credit card with understanding the fees and the interest rate are basic concepts but are usually misunderstood until later in life. Personal finance questions come up in adults life's everyday, however some adults can find these questions to be very difficult. By educating young adults with every day life situations about personal finance knowledge before adulthood can eliminate poor financial decisions later in
Although the reliance on student loans continues to increase for college students across the nation, the vast majority of American teenagers are not required to attend and complete a Financial Literacy course before graduating high school. According to Jillian Berman, only five states scored an A on the 2015 Report Card on State Efforts to Improve Financial Literacy in High Schools, and those same five states are the only states in the country that require students to take a dedicated semester of personal finance courses before graduating (Marketwatch.com). There is an obvious problem with the state efforts to properly educate finances when 14 out of 50 states rank in at a failing grade. Money is an essential asset to life on Earth, and proper education on financial management is vital for the basic requirements to sustain life. Education on how to manage money in order to afford food, shelter, clothing should be the main priority of the Financial Literacy courses. More in-depth are topics
How to properly manage money is something that should be taught to young people because it is a very important asset in everyday life. “Total consumer debt in the United States stands at nearly $2.6 trillion dollars. That works out to be nearly $8,500 in debt for every man” (Anderson). Many times teenagers are known for “throwing away” their money by spending it on unnecessary things. This is something that could easily be avoided if students were taught the proper techniques on saving and spending money. There are many different skills that students could learn if personal finance was taught in the school system. Managing money is one of those very important skills and would help to lessen the number of young people spending irresponsibly instead of
At present, being a young adult has an impact on my financial thinking on behavior because I am focusing primarily on my career. For instance, without graduating from college, I will not be able have a higher wage occupation which will allow to me to focus on other life stages such as middle and older adulthood where expenses are higher and investments can be contracted for (Rachel Siegel and Carol Yacht, 2013, p. 11). Risk-taking is not of interest to me because I do not have a
In the Middle East and North Africa, less than half of the adults have an account at an established financial organization compared to those in high-income countries. In order for adults in these developing countries to pay for unanticipated costs, including medical care and payments for school, economists would encourage them to save more; considering this would increase investment, and economic progress. However, saving has proven to be an obstacle since there is an economic rendition of myopia. Myopia is “the failure to give adequate weight to future benefits over immediate pleasures.” (The Economist) Even though a majority of people are myopic, those in poverty save more because the outcome of failure is worse for them. Some people in developing
quarters of young adults use their friends ' financial habits to determine their own.. She also