As a millennial, I tend to lack patience for certain things—like waiting for food at a restaurant. But for my financial portfolio, I recognize that patience is necessary. Building a financial portfolio is a commitment, not a task. It takes a tremendous amount of time. Continue reading https://community.saltmoney.org/thread/4729 Mr. JPersonal finance & entrepreneur educator and blogger. Follow Mr. J on social media @MrJRealTalk
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A few weeks ago I was honored to present at the 2017 Institute for Financial Literacy in my hometown, Chicago, Illinois. My presentation, Doing what Works Best for Students, was a 101 lesson on how instructors, directors, and counselors teaching personal finance can develop their lesson using the Dick and Carey Model. The model begins with the needs assessment and favors a behaviorist approach. As a personal finance educator, counselor, and blogger I change my style of teaching, content selection, and examples based on the student body. And as I mentioned during the presentation personal finance educators make the mistake of using the strategy to all students before analyzing the students. Not every student is going through the same personal finance issues, for example, a military veteran may be going through mortgage payment issues, divorce, daycare, and host of other matters while an 18-year-old freshman just wants enough money to pay for food and books. What is great about the Dick and Carey model is that it analyzes the learner, helps in constructing the proper instructional strategies, understanding the student's contexts, and finally deciding what content to use in the classroom. Designing should not be cut and dry it needs to be fun and interactive. In personal finance we all have the same goal, assure individuals are financially literate, but it's how we get to the goal that will differ. The Dick and Carey Model is just one of the many instructional design models to use, and it may not be the one for your needs. But you should use some design model as a planning guide. Mr. JPersonal finance & entrepreneur educator and blogger. Follow Mr. J on social media @MrJRealTalk I am a young professional, a Latino and a member of the Millennial generation. But growing up in a household where neither of my parents graduated from high school nor had adequate financial literacy, I did not know what it meant to invest, save or appreciate the power of a dollar. Read more http://blogs.hrblock.com/2014/02/27/the-financial-diary-of-a-hispanic-millennial-what-ive-learned/ Mr. JPersonal finance & entrepreneur educator and blogger. Follow Mr. J on social media @MrJRealTalk As a personal finance advocate, educator, and counselor I am all for budgeting. However, I admit that I get extremely lazy when I have to go into an excel spreadsheet and plug in my income and expenses. I would lose track at times and forget to do it on a daily basis. I am sure many other people feel the same way when creating and maintaining a budget on an excel spreadsheet. Thankfully apps such as Mint and private banks do the budgeting for you. My private bank has a pie chart that categorizes my expenses and I can set limits on how much I want to spend per category. It even has personal finance resources for my convenience. If you are looking for an easy way to budget either get an app that does the budgeting for you or sign up with bank that has online budgeting tools associated with your bank account. The good thing about an online budget is that you have online access anytime anywhere and you don't have to worry about plugging in the numbers on a daily basis. Be smart and get online today and start your online budget. Mr. JEducator, business, and blogger on things that matter in life. Follow @joseful Money comes and goes, but what it does not do is grow on trees. Therefore, you cannot hope that when you spend money on foolish items that money will magically appear to supplement your bad spending habits Read more https://community.saltmoney.org/community/manage-money/blog/2017/01/19/how-i-make-my-money-grow Mr. JPersonal finance & entrepreneur educator and blogger. Follow Mr. J on social media @MrJRealTalk When I started college, I was under the impression that by filling out the FAFSA, I would automatically get federal grants to pay my college tuition. I quickly realized that was not the case. Read https://community.saltmoney.org/community/plan-school-costs/blog/2016/09/01/why-i-wish-i-d-thought-before-i-borrowed Mr. JEducator, speaker, and blogger on things that matter in life. Follow @mrjrealtalk For college students, summer is a time to relax after a tough semester, save up for the upcoming school year, and have fun with your friends. Whatever your plans are for the next 3 months, make sure they the time doesn’t go to waste. Read more https://community.saltmoney.org/community/plan-school-costs/blog/2016/05/26/3-goals-i-ve-achieved-over-the-summer Mr. JPersonal finance & entrepreneur educator and blogger. Follow Mr. J on social media @MrJRealTalk I remember sitting at my desk, with a letter in hand from Oklahoma State University. It stated that if I attended their graduate school I would have my tuition waived. And I still wasn’t sure if I wanted to do it. After careful consideration, I moved forward with attending graduate school. Read https://community.saltmoney.org/community/plan-school-costs/blog/2015/04/30/how-to-tell-if-grad-school-is-worth-it-to-you Mr. JEducator, speaker, and blogger on things that matter in life. Follow @mrjrealtalk |
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