Put their first and last month's rent down on a first apartment
That means you're either in 1 of the 17 states that has state-mandated personal finance requirements, or your state + school has set guidelines and you'd like to follow them.
After all, money is such an important topic to teach students!
Money knowledge for your kids will come in handy when they want to do things like:
But your money confidence level is just not what you want it to be.
Having a below-average confidence level about teaching money is pretty common among teachers.
According to this statistic from the National Endowment for Financial Education’s study, Teachers’ Background & Capacity to Teach Personal Finance:
“Only 11.6% of K-12 teachers had taken a workshop on teaching personal finance…In fact, over 60% of teachers and prospective teachers said they do not feel qualified to teach their state’s financial education standards. And teacher education faculty members in those states were no more familiar with state financial education standards than K-12 teachers themselves.”
It's not like you went to college to study money. Heck, you might have only been required to take one basic economic course to satisfy your graduation requirements.
So how are you going to teach this vitally important topic to your students without having to confront your own money insecurities (heads up, we all have them)?
Without boring worksheets that won't really do the subject justice?
And, MOST IMPORTANTLY, while meeting some or all of your state requirements?
And it's happening against the backdrop of Everest.
Why Mt. Everest?
Because the highest mountain on earth — almost-insurmountable to all but a few — is the perfect backdrop to broaden your students' money frame of reference.
Even if the average person had the strength and endurance to summit Everest, the money that it costs ($65,000 is a typical estimate) puts it far out of reach for almost everyone.
Everyone, except those who know the secret to realizing their dreams: craft a realistic savings plan, and have the gusto to see it through.
Your kids will learn how to nail a realistic savings plan for Everest. And after learning how to do that, they'll be able to nail any savings goal they could think of.
Erik, our fictitious, 28-year old climber, has a dream to summit Everest. He's roped our group − his Everest Ground Support Team − into the process, and it's our mission to get him to the mountain and down again without going into debt.
Psst: And by the way, this program is based on real, actual events that have occurred or could easily occur on the mountain, backed up by over 30+ books, interviews of summiters, 100+ hours of footage, etc.
I'm kinda a brainiac + perfectionist that way.
As valuable members of the Everest Ground Support Team, your students will:
Do you remember having a dream as a kid you just knew you would never realize because it was as financially unreachable as Pluto is to the Space Program?
I did. I knew I wanted to study abroad in Spain the day I flipped to a random page in my 7th-grade Spanish textbook and landed on a Museo del Prado painting.
But I grew up on a family-run dairy farm. My parents constantly fought about money, not to mention both declared bankruptcy within ten years of one another. It was hard enough to ask for a new pair of sneakers, let alone for thousands of dollars to go on a trip.
The amount of stress was palpable, and fear is how decisions were made.
Fast forward 4 years and I was a junior in high school. It was the last summer of my high school career, so if I wanted to do this, I had to apply (and fast). The only problem? I was still $1,000 short. Just $1,000 was standing between me and that dream I had had 4 years earlier, but it might as well have been a double-sided fortress.
Still not wanting to give up, I made a Hail Mary move by applying for a $1,000 study abroad scholarship offered by our high school.
I interviewed, and I waited.
That afternoon when I heard my name called over the speaker system, announcing to the whole school that I had won the $1,000 study abroad scholarship, still brings chills to me as I type this today.
Just months later, I became a foreign exchange student in Villadiego, Spain for an amazing 6 weeks. And it changed my life forever.
My focus is to prevent the sort of money catastrophe that unfolded in our household growing up from happening to your child by filling in the sorely needed money education gap as early as possible.
And it’s not just that; for me, it’s personal.
I’m building the program I want my 19-month old son to take one day.
In addition to this, I've studied at the London School of Economics for a semester while interning at Parliament (go Welsh Plaid Cymru Party!!), studied abroad in Japan (where I met my husband), and graduated summa cum laude from Washington College back when Napster and AOL Instant Messenger were in their heydays.