![]() They started the session off the bat, very impressively, by trying to drill home to the boys that this wasn’t about a merit badge, it was about life skills. That was probably the best class I’ve seen put on. The first phase was the on-the-spot test associated with each of the video lessons, and then the second piece was when they attended the class in December and had to actually review some of what they learned in person and talk about it. And so, there were kind of two phases here. I think the youth in general will do better if they know there’s going to be some accountability. I also liked how there was the test associated with the material. You could tell there’s a lot of effort put into making them short and meaningful. They were put on to not only inform, but to entertain to a degree. I think it was the first exposure I had to any of the public domain stuff from the Fed for education purposes, and I thought it was pretty cool how the videos were scripted. The counselor, Rich Harper, from the Fed contacted Duncan shortly thereafter that pointed him toward several of the materials that would be some pre-work for the class. Louis Fed volunteers, including Rich Harper.ĭon: I saw the materials about the personal management activities on the Boy Scout website last summer, and then when it was a class offering for the STEM University for the fall, Duncan wanted to do it. In Duncan’s case, the work toward this badge culminated in a half-day session at a Boy Scout STEM University, where he had to prove he deserved the badge. The boys must fulfill 10 requirements, on such things as saving, budgeting, time management, investing, project management and career planning. Louis Fed makes available all sorts of educational resources, including videos, for the scouts who want to earn this merit badge, one of the most difficult to acquire. His 12-year-old son, Duncan, is a Boy Scout who recently earned his merit badge for personal management. ![]() Narrator: We’re talking today with Don Bertier of St. It has not been edited or reviewed for accuracy or readability. Transcript:īelow is a full transcript of the audio. This audio originally appeared in the essay Invest in Human Capital to Build a Better Future, from our 2016 annual report. It’s Your Paycheck Lesson 1: Invest in Yourself.Understanding How a FICO Credit Score is Determined.It’s Your Paycheck Lesson 8: So How Much Are You Really Paying for that Loan?.Insurance: Protecting Yourself from Damage. ![]()
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