Teaching Introduction to Business

"Patrice C. Washington, author of Real Money Answers for Every Woman: How to Win the Money Game With or Without a Man, says the lies we tell ourselves about money might be contributing to those balances," writes Libby Kane (photo, left).

"Washington says that wealth "has 100% nothing to do with money."

"Below, she outlines eight common money lies that could be keeping us in debt: . . ."

"There's a lot to learn about money."

"'It's not taught in high school," Bob Gavlak [photo, left], CFP and wealth adviser with Strategic Wealth Partners in Columbus, Ohio, told Business Insider. "You get taught about parabolas and Venn diagrams in high school, but you don't get taught about taxes and budgeting and credit cards and mortgages, which would be much more helpful to your long-term personal success."

"And then, he pointed out, we tend not to learn financial literacy in college or at work. When are we supposed to pick it up?"

"If you really want to live the financial life of your dreams, it's time to get real. Here are 11 of the most common lies you need to stop telling yourself before it's too late."

Author bio – Ms. Quinn "is an experienced personal finance writer and her work has appeared on WSJ.com, Huffington Post and Slate. She is also the former Managing Editor of Mint.com."

"You've heard numerous financial terms by the time you are in your 30s. But how many of them have stuck, and which ones are relevant to you? Here are some important financial terms you'll need to know to manage your finances. These 20 questions and answers will give you essential knowledge about financial topics that directly affect your decisions and your life. "

More and more research is showing that the key to having lessons in the classroom to really sink in is to make sure your students are getting a full experiencial learning experience, with lots of examples, interactive supplements, and external resources to help bring everything together.That is the idea behind everything we do at HowTheMarketWorks! The heart of our program is our virtual trading software, where teachers can set up a custom stock market contest for their class, using the dates, trading rules, and starting cash that is most applicable to their own class, and have their students take part in a fully interactive investment simulator, using all real companies, real stocks, real mutual funds, and real prices, in a 100% free environment! Read how you can use it in your classroom  . . .

Here are the 10 best games to simulate the experience of stock market investing.

Read full article.

From Warren Buffett's annual shareholder letter, here's a gem…
“Buy commodities, sell brands” has long been a formula for business success. It has produced
enormous and sustained profits for Coca-Cola since 1886 and Wrigley since 1891. On a smaller scale,
we have enjoyed good fortune with this approach at See’s Candy since we purchased it 40 years ago.
It's that simple. Buy a cheap good, create a brand around it, sell it for more. Voila.
Via www.businessinsider.com