Teaching in a Finance Lab
In 30 years experience, I have realized that the elements used to teach students have a powerful impact on learning outcomes. Personal finance has always been my favorite subject to teach. I love imbuing students with the necessary knowledge for them to fulfill their financial goals. It helps them make the right choices when it comes to money. In other words, I like to provide them with the right tools to have a more prosperous future. I recognize that experiential learning is the key for students to better understand what’s taught. For 3 years now I have been having the pleasure of teaching my classes inside a Personal Financial lab. Students love the games we play in our stock market lab.
Having a personal finance lab is also a great way to attract students and funding. It can help schools build strong relationships with the business community. We were also able to get a sponsorship for our lab which helped with the installation costs.
As I have mentioned before, one of the best free resources for your classes is HowTheMarketWorks, but you can bring your classes, and the whole school to a new level by adding a Personal Finance Lab. Your students will soon call it "my finance lab."