I am an educator. I have been teaching for 10 years. This week, as I reach a huge milestone in my own continuing education, finishing my Master’s degree, the field of education is facing an existential crisis. K-12 schools are underfunded by state and local governments and have huge issues in inequality. College educations are increasingly necessary but wildly expensive. Covid-19 has magnified many of these problems and brought to our attention how vulnerable the system is. To use a finance metaphor, our society is in a period of price discovery for education. We cannot figure out what it is worth to us.Continue reading “Education and a Happy Life”
I have been wanting to put this lesson together for awhile. I created an annuity spreadsheet to calculate the long-term impact of various spending habits. What would your retirement income look like if you brewed your coffee at home instead of going to Starbucks or drove a sedan instead of an SUV? When you replace small spending habits over a 30 year period and earn investment returns on the savings, the difference can be tens and even hundreds of thousands of dollars. Check it out:
Here are some highlights from my business classes after the 1st 5 days of school this year, including selected slides from my lessons and some group brainstorming activities we did. Continue reading “My 1st 5 Days of School in 10 Images”
Is your business idea scalable? How can you increase production, increase profit margins, and decrease the consumer price all at the same time? It’s all about learning strategies for scaling the business, like lowering input costs by buying in bulk and taking advantage of division of labor to hire specialists.
Here is a slideshow I used to teach this to my Intro to Entrepreneurship class: