Buckle up! This is quite the lecture.

Grab the curriculum here: https://www.teacherspayteachers.com/Product/US-Monetary-Policy-and-How-It-Affects-Financial-Freedom-Homeschool-Curriculum-12494825

Grab the Financial Literacy Bundle Here: https://www.teacherspayteachers.com/Product/Homeschool-Financial-Literacy-Curriculum-12529441

Time Stamps

00:00 - Introduction

01:12 - Disclaimer to Parents

2:04 - Lesson Overview

2:52 - Recap of Lesson 1

3:35 - Warm-up Questions

4:14 - Money Is a Form of Expression

6:16 - How do people view money?

7:38 - Abraham Maslow - Hierarchy of Needs

9:08 - Envision your Future

9:44 - Money as Expression

12:02 - The Middle Class Is Shrinking

14:28 - Inflation

16:02 - Wages and Inflation

16:37 - Case Study: Americans' pay hasn't fully recovered from inflation. Will it ever?

21:27 - How Our Current System Hinders Us

22:42 - How can you attain the American Dream with this type of monetary policy?

23:10 - What's causing inflation?

24:13 - Inflation and Doing Good Research

24:28 - Central Banking

26:13 - Iterations of Central Banking

29:52 - Preparing for a Central Bank

30:46 - The Federal Reserve 1913-Present

31:48 - The Federal Government and The Federal Reserve

32:27 - My Research Findings

33:12 - Central Banking, Monetary Policy, and Economics

33:44 - What is quantitative easing?

37:23 - Don't trust the first answer Google gives you

37:40 - Connection Between Money Printing and Inflation

38:08 - Does Keynesian economics require money printing?

38:59 - Is quantitative easing printing money?

39:17 - My Research Findings Part 2

40:07 - Central Banking, Monetary Policy, and Economics Continued

40:17 - Is QE printing money?

43:13 - What happens with quantitative easing?

44:58 - Quantitative Tightening

45:18 - Summary/Conclusion

45:51 - What is one to do?

46:03 - Recipe for Success

48:08 - What will we be discussing next in Season 2 of the Skillabration Podcast?

Resources

The Hidden Cost of Money by Seb Bunney https://amzn.to/4029Ffj

How 10 Influential Economists Changed America’s History, Investopedia

https://www.investopedia.com/articles/07/economists.asp

Economic Research: A QE Q&A: Everything You Ever Wanted To Know About Quantitative Easing Chief Global Economist and Head of Global Economics & Research: Paul J Sheard, New York

https://www.hks.harvard.edu/sites/default/files/centers/mrcbg/files/PSheardQEQAAugust2014.pdf

History of the Federal Reserve https://www.minneapolisfed.org/about-us/our-history/history-of-central-banking

What Causes Inflation & Price Increases? https://www.investopedia.com/ask/answers/111314/what-causes-inflation-and-does-anyone-gain-it.asp

What is Quantitative Easing? https://www.investopedia.com/terms/q/quantitative-easing.asp

Study: American pay hasn’t fully recovered from inflation. Will it ever?

https://www.bankrate.com/banking/federal-reserve/wage-to-inflation-index/?tpt=b

Inflation vs. wages: How rising prices stack up against growing pay https://www.nbcnews.com/business/economy/inflation-higher-biden-rising-pay-makes-rcna158569

Both Sides of the Ledger: Wage Growth Beating Price Growth Now for 15

Months in a Row https://www.whitehouse.gov/cea/written-materials/2024/06/12/both-sides-of-the-ledger-wage-growth-beating-price-growth-now-for-15-months-in-a-row/

Measuring Inflation Correctly with Peter St....]]>In Season 2, Episode 2 of the Skillabration Podcast, Nikki reviews what money is and explains how money is a form of expression, which ultimately leads to financial freedom. As the lesson progresses, students will learn about the history of central banking in the US and the effect monetary policy has on inflation.

Buckle up! This is quite the lecture.

Grab the curriculum here: https://www.teacherspayteachers.com/Product/US-Monetary-Policy-and-How-It-Affects-Financial-Freedom-Homeschool-Curriculum-12494825

Grab the Financial Literacy Bundle Here: https://www.teacherspayteachers.com/Product/Homeschool-Financial-Literacy-Curriculum-12529441

Time Stamps

00:00 - Introduction

01:12 - Disclaimer to Parents

2:04 - Lesson Overview

2:52 - Recap of Lesson 1

3:35 - Warm-up Questions

4:14 - Money Is a Form of Expression

6:16 - How do people view money?

7:38 - Abraham Maslow - Hierarchy of Needs

9:08 - Envision your Future

9:44 - Money as Expression

12:02 - The Middle Class Is Shrinking

14:28 - Inflation

16:02 - Wages and Inflation

16:37 - Case Study: Americans' pay hasn't fully recovered from inflation. Will it ever?

21:27 - How Our Current System Hinders Us

22:42 - How can you attain the American Dream with this type of monetary policy?

23:10 - What's causing inflation?

24:13 - Inflation and Doing Good Research

24:28 - Central Banking

26:13 - Iterations of Central Banking

29:52 - Preparing for a Central Bank

30:46 - The Federal Reserve 1913-Present

31:48 - The Federal Government and The Federal Reserve

32:27 - My Research Findings

33:12 - Central Banking, Monetary Policy, and Economics

33:44 - What is quantitative easing?

37:23 - Don't trust the first answer Google gives you

37:40 - Connection Between Money Printing and Inflation

38:08 - Does Keynesian economics require money printing?

38:59 - Is quantitative easing printing money?

39:17 - My Research Findings Part 2

40:07 - Central Banking, Monetary Policy, and Economics Continued

40:17 - Is QE printing money?

43:13 - What happens with quantitative easing?

44:58 - Quantitative Tightening

45:18 - Summary/Conclusion

45:51 - What is one to do?

46:03 - Recipe for Success

48:08 - What will we be discussing next in Season 2 of the Skillabration Podcast?

Resources

The Hidden Cost of Money by Seb Bunney https://amzn.to/4029Ffj

How 10 Influential Economists Changed America’s History, Investopedia

https://www.investopedia.com/articles/07/economists.asp

Economic Research: A QE Q&A: Everything You Ever Wanted To Know About Quantitative Easing Chief Global Economist and Head of Global Economics & Research: Paul J Sheard, New York

https://www.hks.harvard.edu/sites/default/files/centers/mrcbg/files/PSheardQEQAAugust2014.pdf

History of the Federal Reserve https://www.minneapolisfed.org/about-us/our-history/history-of-central-banking

What Causes Inflation & Price Increases? https://www.investopedia.com/ask/answers/111314/what-causes-inflation-and-does-anyone-gain-it.asp

What is Quantitative Easing? https://www.investopedia.com/terms/q/quantitative-easing.asp

Study: American pay hasn’t fully recovered from inflation. Will it ever?

https://www.bankrate.com/banking/federal-reserve/wage-to-inflation-index/?tpt=b

Inflation vs. wages: How rising prices stack up against growing pay https://www.nbcnews.com/business/economy/inflation-higher-biden-rising-pay-makes-rcna158569

Both Sides of the Ledger: Wage Growth Beating Price Growth Now for 15

Months in a Row https://www.whitehouse.gov/cea/written-materials/2024/06/12/both-sides-of-the-ledger-wage-growth-beating-price-growth-now-for-15-months-in-a-row/

Measuring Inflation Correctly with Peter St. Onge, PhD. https://x.com/profstonge/status/1846891411737596010

Time Stamps:

Introduction - 00:00

Focus of Today's Episode: 00:31

Why Money Is One of My Favorite Topics: 01:10

What types of topics related to financial literacy will we share in season 2 of the Skillabration Podcast? - 01:32

Two Interviews with Other Experts in Financial Literacy - 02:49

How to Get The Best Out of This Podcast with Your Kids - 03:51

Beginning of Lecture

What's your view on money? - 04:15

Two Types of Perspectives on Money - 04:31

Quote About Money Changes Everything by William Goetzmann - 04:51

The Book I'm Reading Now by Lyn Alden - 07:04

The History of Money - 07:11

Money as a Ledger - 07:22

Oral Ledgers - 07:33

Oldest Ledger in History - 08:31

Ancient Commodities: - 08:45

Modern Commodities - 09:11

Modern Money, Fiat Currency, Crypto Currency and the Gold Standard - 09:17

Keys to a Lasting Currency - 10:26

Why We Got Off The Gold Standard - 11:59

Could Bitcoin Be a Lasting Currency? - 13:00

Why It's Important to Do Your Own Research (Everyone Has a Bias!) - 13:19

Modern Example of Creating a Currency (Lyn Alden's Book)- 13:45

Conclusion

Do we need money? - 16:30

Topics We'll Discuss This Season - 16:45

Outro - 17:50

Financial Literacy Curriculum - 18:01

This season we'll be discussing:

Episode 1: What Is Money and How Does It Affect Us?

Episode 2: Money and Our Economic System Today

Episode 3: Austrian Economics vs. Keynesian Economics

Episode 4: Capitalism vs. Socialism

Episode 5: What Is Financial Literacy? - Personal Finance

Episode 6: What Is Financial Literacy? - Budgeting

Episode 7: What Is Financial Literacy? - Investing (Overview)

Episode 8: Investing Part 2 (Important Terms & Resources)

Episode 9: Entrepreneurship - Your Expertise, Product, or Service - Solving a Problem & Doing Market Research

Episode 10: Entrepreneurship - Finance: Profit & Loss

Episode 11: Entrepreneurship - Messaging, Marketing & Branding

Episode 12: Entrepreneurship - Sales (No more cold calling - Networking)

Episode 13 - Entrepreneurship - Human Resources

Episode 14: Entrepreneurship - Operations

#financialliteracy #financialliteracyforkids

She also touches on what inspired her to found Skillabration and how she plans to integrate more skill-based classes at Skillabration.

Connect with Skillabration:

Get on our email list! We’d love to hear your suggestions for the podcast. https://skillbox.skillabration.com/p/skillabration-podcast-newsletter

Sign up for classes with our teachers here: www.skillabration.com

Connect with us on socials:

youtube.com/@skillabration-school

https://www.facebook.com/skillabrationschool/

https://www.instagram.com/skillabration/  

Laura holds a Bachelor of Arts degree in Foreign Languages and a Graduate Certificate in Spanish Language Education. Originally from Colombia, she has been teaching English, French, and Spanish as a second language both in the USA and her home country since 2018, across various educational levels from kindergarten to adult in private and public schools. 

She is very creative and passionate about languages and cultures, Laura strives to immerse students in the Spanish language while sharing her Latino cultural traditions, customs, and holidays alongside those of other Hispanic countries.

Highlights From The Episode

🔥What made Laura interested in teaching and learning French and English

🔥 Interesting facts about Colombian culture

🔥 Laura’s experience immigrating to the US and being an au pair 

🔥 Misconceptions and stereotypes about US culture 

🔥 Advice for students learning a foreign language

Connect with Skillabration:

Get on our email list! We’d love to hear your suggestions for the podcast. https://skillbox.skillabration.com/p/skillabration-podcast-newsletter

Sign up for classes with our teachers here: www.skillabration.com

Connect with us on socials:

youtube.com/@skillabration-school

https://www.facebook.com/skillabrationschool/

https://www.instagram.com/skillabration/  

At the Age of 40 Amy Kinsman began her career as a Wedding Coordinator. Over the past 8 seasons she has grown her business from 1 wedding in her first year, to 40 weddings this season. She has added 5 coordinator/planners to her team and she is now focused on full service wedding planning and managing her business.

Teal is a stay at home mom/wedding planner/ small business owner. Formally a teacher, Teal takes the skills needed in the classroom such as adaptability, patience, problem solving, kindness, and a growth mindset to every aspect of her life.

Highlights from the Episode:

🔥How Amy founded Perfect Day

🔥Surviving as a small business during Covid

🔥What it’s like being a parent and running a business

🔥The top 3 skills that have served them in life and in business

🔥Their top advice for the youth today

Connect with Amy and Prefect Day here:

https://perfectdayeventplanningllc.com/

Instagram: @perfectdayeventplanningllc

Connect with Skillabration:

Get on our email list! We’d love to hear your suggestions for the podcast. https://skillbox.skillabration.com/p/skillabration-podcast-newsletter

Sign up for classes with our teachers here: www.skillabration.com

Connect with us on socials:

youtube.com/@skillabration-school

https://www.facebook.com/skillabrationschool/

https://www.instagram.com/skillabration/

Spotify: https://open.spotify.com/show/2dKhL1XqgmYc7BE1qEV0P7?si=MySPFi8mRHOPt4DC4s2QuA

YouTube: https://www.youtube.com/@skillabration-school

She learned how to network within a few months of immigrating to the US because she wanted to find a job as a legal administrative assistant. Networking wasn’t something she was accustomed to because it’s not part of Polish culture. As she networked she got inspired to start her own business.

Highlights from the Episode

🔥 Learning English as a second language

🔥 Visiting the US for the first time as a university student

🔥 Meeting her husband and moving to the US

🔥 Learning to network in Milwaukee, Wisconsin

🔥 Becoming a business owner

🔥 Top 3 Skills that have served her in life and in business

Get on our email list! We’d love to hear your suggestions for the podcast. https://skillbox.skillabration.com/p/skillabration-podcast-newsletter

Sign up for classes with our teachers here: www.skillabration.com

Connect with us on socials:

youtube.com/@skillabration-school

https://www.facebook.com/skillabrationschool/

https://www.instagram.com/skillabration/

In today’s episode, she talks with us about her experience studying abroad in Nantes, France. She taught English as a Second Language to middle school students while she was there and took a gastronomy class. 

Highlights from the Episode

🔥How Rachel became interested in learning other languages

🔥What it’s like learning multiple languages at once

🔥 Rachel’s secret to speaking in the target language she’s using in the moment

🔥The secret language the French youth are speaking today

🔥Unexpected and surprising moments from her time studying abroad in France

Learn more about our classes at www.skillabration.com

Highlights From The Episode

• Overcoming the internal conflict of being a stay at home mom and working
• How and why she started ALR Connections
• The power of networking
• How to help the youth prepare for the job market
• The skills needed today to stand out in the job market
• The top 3 skills that have served her in business

Precious started speaking when she was 16 years old. She graduated at the top of her class and studied law at Rutgers.

Want to learn how to take your sales, investor, or elevator pitches from trash to straight CASH? Or have your prospects throwing money at you every time you open your mouth? Then, it's time to learn how to convert conversations into currency with the Pitch Queen, Precious L. Williams.

Her company, Perfect Pitch Group, teaches you the tools and tenacity to pitch with power, sell with storytelling, and develop a masterful mindset for communication. It’s time for you to learn how to #SlayAllCompetition

Precious busts norms and shifts perspectives to help teams own their awesome and bring out their “wow” factor. Your leaders and teams will up their game — on their terms — in order to develop the cunning, clarity and confidence that’s been inside them all along.

What’s more, they’ll get unstuck and discover a renewed and refreshed energy to own the mindset of the pitch in a way they never thought possible. If you’re ready to go from milquetoast to memorable, attracting and captivating your prospects while closing the sale in an authentic way, it’s time to #pitchforprofit

And you can bet, you’re going to have fun doing it!

Precious is a 13-time national elevator pitch champion, a 5X #1 bestselling author, and a world-class speaker and trainer for global brands and institutions. She has successfully appeared on ABC's “Shark Tank," CNN, Wall Street Journal, Forbes, and Black Enterprise Magazine, and has helped her clients win millions of dollars in pitch competition money, secure lucrative speaking and corporate training contracts, and launch their next beautiful NOW.

Her mission is to empower people to communicate their value, showcase their expertise, and inspire their audience with their story.

Highlights From The Episode:

- The Skills necessary for decision making

- Advice for the youth

- Public Speaking 101

- Becoming a paid, professional speaker

- The top 3 skills that have served her in life

- Advice for she would give her younger self

Get the first chapter of her 5th book, "Rainmaking 101 from Day 1" AND "Make It Rain Like Snow in Your Business" pdf: https://perfectpitchgroup.com/free-gifts/

David Belman is a second generation homebuilder land developer and Realtor in Southeastern Wisconsin. David has served as president of the metropolitan builders association as well as the Wisconsin builders association. David is known for his work with Operation Finally Home, an organization that builds and provides mortgage free homes to wounded combat veterans. Today, David and his firm, Belman Homes, have provided six mortgage free homes to deserving veterans. David also hosts the Home Building Hero podcast which has over 400,000 downloads.  David is also an author. He has an Amazon best selling book called Leadership Growth Hacks.  He was recently inducted into the Wisconsin builders Association Hall of Fame in 2024.

In today’s episode, Nikki asks David about the top 3 skills that have benefited his career, what it’s like to own a family business, tips for buying your first home, leadership skills, and so much more. 

Connect with David

www.Belmanhomes.com   

https://www.linkedin.com/in/davidbelman/

Get David’s Book, Leadership Growth Hacks: https://amzn.to/4bc9yQV 

Bill Haase is a radio show/podcast host for Innovative Strategies. He deals in financial literacy, helping individuals, business owners, and young adults understand how money works and how best to prepare for life personally and professionally. He does public speaking and enjoys two other businesses involving advertising and educating our veterans.

Highlights from Episode 5:

- Going from Wall Street to Main Street

- Becoming a professional speaker and radio host

- What age you should start teaching your kids about financial literacy

- The subprime mortgage crisis

- Being an entrepreneur

Connect with Bill Haase

www.billhaase.com

https://www.linkedin.com/in/bill-haase-a506299/

Highlights from the Episode

• What the youth need to know when considering the trades
• Which trades are in demand
• Generational differences 
• Programs available for the youth to get involved in the trades

Connect with Brad on LinkedIn here.

Visit Brad's website here or here.

In episode 3 of the Skillabration Podcast, Nikki interviews French Teacher Mademoiselle Armour who has been to Paris a total of 29 times, and to France a total of 32 times. She’s visited other French speaking countries as well. 

Mademoiselle Armour shares her experience learning French in high school and how she became fluent on a two-week trip to France. 

She also provides teaching and learning insights from 24 years of working as a high school French teacher.

Learn about where she studied French, the programs she recommends for students interested in majoring in French, and the mindset needed to learn a foreign language. 

Highlights From The Episode

• Personal Experiences Learning French
• Studying Abroad in France
• Teaching French, Language Learning Tips and Methods
• Cultural Insights
• The Mindset for Learning Another Language 

Connect with Skillabration:

Get on our email list! We’d love to hear your suggestions for the podcast. https://skillbox.skillabration.com/p/skillabration-podcast-newsletter

Sign up for classes with our teachers here: www.skillabration.com

Connect with us on socials:

youtube.com/@skillabration-school

https://www.facebook.com/skillabrationschool/

https://www.instagram.com/skillabration/

Key Topics

• Personal Experiences Learning French
• Studying Abroad in France
• Teaching French, Language Learning Tips and Methods
• Cultural Insights
• The Mindset for Learning Another Language

In this episode, Cherry discusses her life in Hong Kong, Chinese culture, how she learned English, and why she started teaching.

Cherry provides insights into teaching Chinese and the importance of learning a foreign language with a teacher. She shares how she keeps her lessons engaging and uplifting for her students.

Highlights from the Episode: 

• Cherry’s career as a teacher and anecdotes from her life
• The first word she learned in English
• Chinese culture 
• Tips for learning Mandarin
• A sample lesson from Cherry

At Skillabration, we're dedicated to sharing skills with parents to support the youth of today. Let us know who you'd like to hear from on our next episode. 

We would greatly appreciate your support by liking, sharing, and rating our podcast—your feedback helps us expand our mission to share real-world skills with the youth.

Connect with Skillabration:

Get on our email list! We’d love to hear your suggestions for the podcast. https://skillbox.skillabration.com/p/skillabration-podcast-newsletter

Sign up for classes with our teachers here: www.skillabration.com

Connect with us on socials:

youtube.com/@skillabration-school

https://www.facebook.com/skillabrationschool/

https://www.instagram.com/skillabration/

Through learning Spanish, Nikki acquired 5 unexpected skills that have served her well in life.

Nikki started her career as a public school teacher and later founded Skillabration, an online foreign language school.

While teaching in the school system, she recognized a significant gap between essential life skills and the core subjects that are emphasized in the classroom. She is bridging the gap between school and life with the Skillabration Podcast.

Highlights from the Episode:

• Nikki's backstory from going to Mexico for the first time to studying abroad in Spain
• How she finally became fluent in Spanish, and struggles she went through along the way (Nearly quitting!)
• How she has navigated the job market after graduate school during the 2008 financial crisis, and dealt with unexpected challenges.
• Quitting the public school system and going through various iterations of her business
• The 5 skills she nailed from learning a foreign language ranging from resilience to financial literacy.

Nikki launched the Skillabration Podcast to show that anyone can learn the skills necessary for the real world. She want to give today’s youth a leg up before they graduate.

At Skillabration, we’re not just about teaching languages; we’re about empowering young people to succeed in all areas of life. Her mission is to take kids’ skills from zero to fuego, sparking their potential for success.

Get on our email list! We’d love to hear your suggestions for the podcast. https://skillbox.skillabration.com/p/skillabration-podcast-newsletter

Sign up for classes with our teachers here: www.skillabration.com

Connect with us on socials:

youtube.com/@skillabration-schoolhttps://www.facebook.com/skillabrationschool/https://www.instagram.com/skillabration/