1. Financial Peace for YOUR Students!
Financial Peace for the Next Generation
Financial Peace for YOUR Students!
Jim King
Curriculum Department Leader
Dave Ramsey’s Office
The Lampo Group, Inc.

2. Financial Peace for the Next Generation
Welcome!
Thank you!

3. Financial Peace for the Next Generation
Goals for Today…
Fired up to teach Financial Literacy
Benefits to…
Individual
School (retention, default rates, graduation rates, academic success)
Community

4. Financial Peace for the Next Generation
Authored 3-NYT BestSellers: Financial Peace, More than Enough, and Total Money Makeover
Nationally syndicated Radio Talk-Show Host in over 300 radio markets
Featured on 60 Minutes, The Early Show, The 700 Club and Good Morning American, among others
His school education curriculum – Financial Peace for the Next Generation

5. Curriculum Department
Financial Peace for the Next Generation
Curriculum Department
Mission
“Empowering students to make sound financial decisions for LIFE.”

6. What does Financial Peace really mean?
Financial Peace for the Next Generation
What does Financial Peace really mean?
“NEVER worry about money”
“OWNING a home”
“EDUCATION for my kids”
“RETIREMENT”
“AMERICAN DREAM”

7. Financial Peace for the Next Generation
Candy Time!

8. Who Wants to be a Millionaire? Kit Kat
Financial Peace for the Next Generation
Who Wants to be a Millionaire? Kit Kat
Statistically speaking, you represent a portion of society that adheres to the game plan, avoids debt, invests early, and is wise with their resources.

9. Debt Free & Living Large! Smarties
Financial Peace for the Next Generation
Debt Free & Living Large! Smarties
You received a college scholarship, paid cash for your car, your house is paid off, and you have a fully-funded emergency fund.
You started saving for retirement a little late, but other than that you’re looking good.

10. Normal, Broke, Busted & Disgusted! Hard Candy/Mint
Financial Peace for the Next Generation
Normal, Broke, Busted & Disgusted! Hard Candy/Mint
23 year old college graduate.
Total debt is $30K ($16K car loan, $10K student loan, $4K credit card).
Annual income is $25K.
It will take you 70 months or 6 years to pay-off your $30K debt.

11. Bankrupt – Zero – Zilch – Nada! Dum Dums
Financial Peace for the Next Generation
Bankrupt – Zero – Zilch – Nada! Dum Dums
The American Dream.
Married, 26 years old, 2 kids, and a dog.
You and your spouse bring debt to the marriage totaling $60K.
$32K car loan, $20K school loan, $8k credit card.
Annual income is $50K.
It will take you 193 months (or 16 years) to pay off your $60K debt.
You are now 42, no money in the bank, and kids need to go to college.
90% of divorces stem from financial disagreements.

12. Financial Peace for the Next Generation
Death by Visa! M & M’s
Same as the American Dream, however add another $100,000 in credit card debt.
Too much pressure, you lose hope and commit suicide.
The #1 cause of male suicide is financial stress.

13. Financial Peace for the Next Generation

14. Financial Peace for the Next Generation
The Problem…

15. Financial Peace for the Next Generation
High school seniors scored an average of 52.4% on a basic financial survey.
(Jump$tart Coalition for Personal Financial Literacy, 2006)

16. Financial Peace for the Next Generation
TRU (Teenage Research Unlimited), the nation’s foremost researcher specializing in the teen market, supplies information to Mastercard, Visa, Capital One, etc.
The research is used to target teens, to get a card in their hand and to create brand loyalty for their card.

17. Financial Peace for the Next Generation
Persons entering college are offered an average of 8 credit cards in their first week of school.
- Jump$tart Coalition for Personal Financial Literacy, Annual Summary

18. 25 to 50 Financial Peace for the Next Generation
Number of Credit Card solicitations students receive per semester…
25 to 50
*according to United College Marketing Services

19. Financial Peace for the Next Generation
A major success of the credit card industry’s marketing campaign is in persuading students that they can only build a good credit history with credit cards. This is simply not true.
* Robert D. Manning, Author of Credit Card Nation

20. Financial Peace for the Next Generation
College-Branded Credit Cards include an agreement between the credit card companies and colleges where the college receives bonus payouts once balances reach certain levels.
-NewsChannel 5, Nashville, TN – November, 2006

21. Financial Peace for the Next Generation
The Outcome…

22. Financial Peace for the Next Generation
According to VISA USA, 49% of college-age adults believe they are more likely to become millionaires by…
Reality Show
Budget & Save

23. Financial Peace for the Next Generation
Percentage of college students with credit cards
Over 80% of undergraduates have at least one
Nearly 50% have 4 or more, and according to the Department of Education, the average balance carried by these students is more than $3,000.
- Senator Chris Dodd, CT

24. Financial Peace for the Next Generation
A study by Robert D. Manning says:
Three out of five students with credit cards max them out during their freshman year.
Three out of five freshmen with multiple cards used bankcards to pay for other revolving credit accounts.
Nearly three-fourths of students use their student loans to pay for their credit cards.

25. Financial Peace for the Next Generation Loans to Payback = NO Degree
Half of all entering freshmen borrow, and more than 20% of borrowers drop out!
Loans to Payback = NO Degree
-National Center for Public Policy and Higher Education

26. Financial Peace for the Next Generation
According to American College Testing (ACT)
1 in every 4 students leaves college before completing sophomore year!

27. Financial Peace for the Next Generation
Top Reasons Students
drop-out of college…
Money
Homesick/Home Needs
Poor Academic Performance due to Poor Prep or Inattention
*Study by University of Boulder

28. Financial Peace for the Next Generation
More students drop-out of college due to financial pressure than academic pressure.
*according to United College Marketing Services AND several college administrators!

29. Financial Peace for the Next Generation
The Consumer Federation of America relayed the story of a University of Oklahoma freshman named Trish Johnson who applied for three credit cards during her first semester – and charged up to her credit limit on all three. After losing her part-time job in December, 1997, she committed suicide in her dorm room with her checkbook and $2,500 worth of bills spread out on her bed.
Although suicide is rare, bankruptcy and dropping out of school to work off credit card debt are not.

30. Financial Peace for the Next Generation
Average college student graduates with:
$27,000 in student loan debt
$6,000 in credit card debt

31. Financial Peace for the Next Generation
19% of all bankruptcies are filed by college students (ages 18 – 24).
Fastest growing group of bankruptcy filers are those who are 25 years of age or younger. – Senate Committee on Banking, Housing and Urban Affairs

32. have filed for bankruptcy than graduated from college.
Financial Peace for the Next Generation
Since 1997 more people
have filed for bankruptcy
than graduated from college.

33. Financial Peace for the Next Generation
The Solution…

34. FINANCIAL PEACE FOR THE NEXT GENERATION
Designed by educators for educators!
Easy to implement!

35. Financial Peace for the Next Generation
4 Keys of Success
Simple
Educational
Entertaining
Real Value

36. Financial Peace for the Next Generation Curriculum Highlights
Dave teaching via DVD
Short segments
Chapters are stand-alone

37. Financial Peace for the Next Generation Teacher’s Pack Includes:
7 Disc Media Library:
12 Lessons on 4 DVDs
Teachers Guide on CD-Rom
Reality Bytes Audio CD
Bonus DVD
1 year subscription to

38. Financial Peace for the Next Generation
SPECIAL FEATURES OF TEACHER’S GUIDE
(CD-ROM)
Chapter Lesson Plans
Chapter quizzes & keys
4 Unit tests & 1 final with keys
Object lessons & activities
Review Keys for Student Workbook
Special Power Point Presentations for Each Chapter

39. Financial Peace for the Next Generation
Student Materials
Soft Cover Workbook or
.PDF Workbook

40. Financial Peace for the Next Generation

41. Financial Peace for the Next Generation
CHAPTER TITLES:
UNIT 1
Chapter 1 Super Savers
Chapter 2 Understanding Investments
Chapter 3 Retirement and College Planning
UNIT 2
Chapter 4 Cash Flow Planning
Chapter 5 Dumping Debt
Chapter 6 Relating With Money
UNIT 3
Chapter 7 Buying Only Big, Big Bargains
Chapter 8 Buyer Beware
Chapter 9 Understanding Insurance
UNIT 4
Chapter 10 Real Estate and Mortgages
Chapter 11 Careers and Extra Jobs
Chapter 12 Collection Practices and Credit Bureaus

42. Financial Peace for the Next Generation
Implementation
West KY Community and Technical College
KCTCS GE101
James Madison University
Wallace State Community College (AL)
Missouri Western State University

43. Financial Peace for the Next Generation
Benefits of Program…
Student becomes a wise-consumer
Student positively contributes to their community
Increased academic success and graduation rates
Increased Retention in College
Lower student loan default rate
Students fired-up and interested in material
Improved community and nation

44. Financial Peace for the Next Generation The Curriculum Department
To Make A Difference
Contact:
The Curriculum Department