Using The World is Flat and Rich Dad, Poor Dad to Teach International Finance and Financial Planning Presented by the Academy of Finance at The Bronx School of Law and Finance

Agenda Introduction Objectives of using literature in finance classes The World is Flat in International Finance Rich Dad, Poor Dad in Financial Planning Student Experience Teacher Experience

The Bronx School of Law and Finance Located in the Bronx, New York 400 students First graduating class this year Academy of Finance is in its third year International Finance and Personal Financial Planning are required courses for all Finance seniors

Who are we? Lena Borst, Academy of Finance Coordinator and teacher of International Finance Shok Dylon, Teacher of Personal Financial Planning Marjie Martinez, Recent graduate Ana Merditaj, Recent graduate

Objectives of Using Literature To increase vocabulary and literacy skills To prepare students for post-secondary education; literature is often used as the major source of information To apply real world/life events and perspectives to the concepts learned in class To encourage students to read current literature and question the author’s perspective to create their own viewpoints To teach students how to use literature as a tool to be life-long learners

International Finance Curriculum Integrated curriculum: serves as both final semester of Global History and International Finance The World is Flat serves as textbook Assigned a country and participated in a global trade summit Focus on global economy and the role of the students in it

The World is Flat by Thomas Friedman How the world became flat How the flat world impacts America, developing nations, and corporations The unflat world How the flat world impacts us

Activities Used to Teach The World is Flat Group work Role playing –Consultants to Presidents, CEOs, and Prime Ministers Silent Conversations Predicting the next chapter

Personal Financial Planning Curriculum Budgets Expenses Financial literacy (Ex: Assets vs. Liabilities) Investments: Having money work for you rather than working for money Current Events Used Rich Dad, Poor Dad as textbook Taxes Cash Flow Game

Rich Dad, Poor Dad by Robert Kiyosaki with Sharon Lechter Importance of being financially literate Mind of the poor vs. mind of the rich Using investment skills to have money work for you Getting out of the rat race Power of taxes (1031)

Activities Used to Teach Rich Dad, Poor Dad Daily tracking of expenses and income Researching sources of personal financial planning literature Seminars On-line research Cash Flow Game

Student Experience The World is Flat Successes Challenges How I’ll use this in the future

Student Experience Rich Dad, Poor Dad Successes Challenges How I’ll use this in the future

Teacher Experience The World is Flat Preparation Successes Challenges

Student Experience Rich Dad, Poor Dad Preparation Successes Challenges

Questions