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....

If you've ever wondered why it's so hard to pay the bills and why so many people are in debt in the US, then you'll definitely want to listen in on Season 2 of the Skillabration Podcast.

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

This is the last episode of season 1 of the Skillabration Podcast. In this episode, Nikki recaps the interviews we shared in season one and where we're headed for season 2.

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/

On Episode 12 of the Skillabration Podcast Nikki interviews Laura Mann, one of the Spanish teachers at 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/

On Episode 11 of the Skillabration Podcast Nikki interviews Amy Kinsman and Teal Ozolins from Perfect Day Event Planning.

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

In episode 10 of the Skillabration Podcast Nikki interviews Milena Dlugi, who immigrated from Poland to the US in 2019.

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 episode 9 of the Skillabration Podcast Nikki interviews Rachel Applebaum, a rising junior at the College of Wooster. Rachel is double majoring in French and Spanish, and double minoring in Russian and German. She’s currently teaching Spanish, French and ASL at 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

In Episode 8 of the Skillabration Podcast, Nikki interviews Amy Ratnow, a stay at home mom turned business owner. She founded ALR Connections in 2017. Her business focuses on connecting stay at home moms with business owners to recruit them for part-time and full-time roles. She noticed the gap between moms and businesses who need their talent, and decided to fill that gap with ALR Connections.

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