170 | Financial Literacy Curriculum for High School Students

Most students leave high school barely able to balance a checkbook, let alone launch a business or build wealth. Teacher Rob Phelan noticed this gap—and built a solution that turns teenagers into entrepreneurs while teaching them financial fundamentals. Brad and Jonathan explore how combining financial literacy with hands-on business creation gives students skills their textbooks never mention. Key Topics Discussed [00:00:40] Introduction to Financial Literacy Curriculum Rob Phelan's collaboration with ChooseFI to create a K-12 financial education curriculum Current pilot in Dubai school and partnership with University of Richmond's Masters of Continuing Education program [00:01:54] Rob Phelan's Background Rob's journey as a high school teacher and passion for financial education Personal financial experiences shaping his teaching philosophy [00:05:03] Challenges in Financial Education Knowledge imbalance in financial literacy within marriages and households Need for financial literacy education in schools [00:34:14] The Simple Startup Workbook Resource designed to guide students in entrepreneurial ventures Hands-on learning through brainstorming and business planning [00:41:00] Implementation and Feedback Student and teacher feedback from curriculum pilots Importance of interactive and project-based learning in financial education Key Resources The Simple Startup Workbook [00:55:25] ChooseFI Podcast [00:50:36] ChooseFI Foundation [00:52:06] Notable Quotes "Discovering my passion for teaching drove my commitment to financial education." [00:03:17] "True financial education involves personal development, not just knowledge." [00:19:47] "Understanding needs vs. wants is critical for effective budgeting." [00:32:01] "Building a personal relationship with money is key for students." [00:21:59] "Student-driven learning leads to deeper engagement and understanding." [00:40:34] Action Steps Explore The Simple Startup Workbook to help students launch businesses [00:34:14] Incorporate financial literacy discussions into existing curricula [00:51:51] Engage students in needs vs. wants conversations through practical budgeting activities [00:32:01] Reach out to Rob Phelan to discuss implementing the curriculum in your school [00:52:06] ▶ Listen Next: Ep. 176 — Flexible Spending Rules for Early Retirees | Michael Kitces | Essential Listening