Ideally we can convince them that after they're done paying off Lambda they should just save that money forever. End up with tens of thousands of Lambda School millionaires in 40 years.
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Two things: (1) My class materials are here: http://cs007.blog . (2) If local, happy to come give them a 60 minutes talk. (Live version)
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The entire school is remote; we do everything online (Slack + Zoom)
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How many students?
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We add a new class every month, full course is 6 months. So if you did twice/yr you'd hit all the students. Right now just over 200 enrolled, next yr probably 3x that.
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We do large group brownbags with guests all the time
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Could you do something in partnership with
@Wealthfront. cc:@adamnash -
Good move, Austen.
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/r/personalfinance - Not kidding.
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I personally would require all my students to have an account with
@PersonalCapital set up and spend at least 30 minutes in class talking about their first 3 months paychecksThanks. Twitter will use this to make your timeline better. UndoUndo
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Great idea. A mental framework is important "I have X$ what to do with it" similar to what
@AMartinCastro said. Good free software/apps that provide a picture of complete net worth and guide future needs will help keep them honest and engaged.Thanks. Twitter will use this to make your timeline better. UndoUndo
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Glad you’re thinking about this and seeking action. A lot of folks ignore the implications of jumping like this. But I alsoooo realize working with a loan co probably exposed you to a lot too.
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Teach them that Savings and Spending is far more important than worrying about Investments
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Here's a flowchart I found on /r/personalfinance a while ago that changed my life: https://i.imgur.com/lSoUQr2.png
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This is complicated as they probably won’t listen to the recommendations or will be talked out of them. My best feeling is to learn basic accounting/Econ + instill values of frugality and industry. From my perspectives most other methods are reductionist and lead to errors.
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For example the shady definitions of asset and liability that seem to come out of “Rich Dad Poor Dad” types that seem to ignore that some depreciating assets (they call liabilities) have indirect income uses, I.e.: a laptop to program w/ vs to watch Netflix
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