Entrepreneur, Investor, & Educator. Author of "Financial Literacy 101" https://teapaw.org/t.co/omwVmUmEfQ. https://teapaw.org/t.co/erKdUKF5hg for more info and links.
Los Angeles, CA
Joined March 2018
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DaveLevine0com retweeted
The last time a new machine threatened a third of American jobs, we reinvented how we educated our kids.
That bet sparked an epic 100-year run.
It is time to make it again.
Joe Liemandt of Alpha School on why AI is today's 1910 tractor moment, and why parents once again have to rethink their kids' future:
"In 1910, 90% of America had an 8th grade education. There were basically no high schools. And over 30% of America is a farmer. So everybody's on the farm, 8th grade was enough."
"Then in 1910, the Case tractor rolled up on the American farm. You can go look at the ads, it literally looks like an Anthropic ad. 'Does the work of 50 programmers. Does the work of 50 farm hands.'"
"Literally everybody in America realized 30% of the jobs are going away. That path is gone, and we have to get our kids ready for this new future. And it was that same recognition I think that parents have today."
"What America did back then... they voted to fund an education that they never experienced. They knew they had to do something different than their background, see the world differently, to get their kids ready and get them the good jobs."
"That school system became the industrial system we've had the last 100 years. It served us really well for 100 years, but now it's time for the next change."
@jliemandt
Some people have a crazy conspiracy theory that elections in LA are fair and honest.
DaveLevine0com retweeted
We need disarmament talks among PMC parents about kids activities. The idea that pre-teens are doing 3+ activities most days or two travel sports a year is ridiculous.
Here’s my starter pitch: everybody cancel one activity for each kid and don’t replace it with a new one.
Financial Literacy courses all make the same mistakes.
1. They don't teach that credit card debt is the number one worst financial instrument.
2. They teach that you should get a bank account for savings. This is bad advice because banks pay less than .05% interest rates! Short term savings should be in short term government bond money markets which pay over 4%.
3. They either ignore investing or teach too broadly on topics that do not apply to young adults. For example, they don't teach Trump Accounts where every single kid will be an owner of one share of SpaceX stock.
Instead of averaging a long-term 10% compounding growth by owning the s&p 500, Americans are encouraged to pay 25% interest rate credit card debt.
Many courses warn of the risks of debt but they don't specifically explain why credit cards 25% interest rate is so hard to escape from.
DaveLevine0com retweeted
Mike Rowe says Ford is sitting on 5,000 open mechanic jobs that pay $120,000 a year.
No degree needed. AI can't do them. And Ford still can't find the people.
ROWE: "Not a week goes by when I don’t get a call from some CEO... elected official... freaking out."
"They’ve done the math: for every five tradespeople who retire, two come in. It’s been that way for about 12 years now."
“Jim Farley (Ford CEO) told me he’s got 5,000 empty bays at Ford. These are AI-proof six-figure jobs, right? $120,000 a year. He can’t fill them.”
In a separate conversation with Shawn Ryan, Rowe described a tour of a Texas data center where he met three electricians under 30, each earning more than $240,000 a year with zero debt.
Each of them had been hired away by competitors three times in 18 months, because demand for electricians far outstrips supply.
The lesson: if you're weighing college but don't know what you want to study, a trade school may be the better bet.
You'd likely borrow far less, earn far more, and hold a job AI isn't close to replacing.
If you're new here, @GeniusGTX is a gallery for the greatest minds in economics, psychology, and history. Follow along for more similar content.
CEE also teaches short selling. The lesson admits 'there is no limit on how high the price can go' but never says plainly what that means for beginners: your losses have no limit. Beginners should be taught to avoid borrowing to buy stocks and to avoid shorting. 3/4
CEE backers include Schwab, Fidelity, Vanguard, Visa, and the College Board. These organizations need to review and improve the content before they keep supporting this organization. 4/4
Here is the link to Lesson 8 ⬇️ lei.councilforeconed.org/doc…
The Council for Economic Education (CEE) teaches
2 million + students to borrow money to bet on stocks (margin) and bet on companies failing (shorting). These misguided lessons are in Lesson 8 of their Learning, Earning and Investing curriculum. 🧵 1/4
This is why I create content, then teach it, then edit it, then teach it again, then edit again. On my last round. Financial literacy 101 course coming soon will blow away the others!
DaveLevine0com retweeted
In case you want to know what it’s like teaching high school freshmen… this is 100% accurate.
Teaching career to high school students.
Brainstorming : Where will jobs and industries be 5 years from now?
DaveLevine0com retweeted
We’ll see more change in K-12 in the next 10 years than we’ve seen in the previous 100.
DaveLevine0com retweeted
🚨 BREAKING: President Trump announces Trump Accounts will be expanded to EVERY SINGLE CHILD in America
Over 70 MILLION accounts will be opened for children -- up from the current 8 million.
Every child could be sitting on HUNDREDS OF THOUSANDS of dollars by the time they turn 18.
The Treasury seeds the account with $1,000, and parents can contribute up to $5,000 per year.
Readers added context they thought people might want to know
Trump Accounts are auto-enrolled for nearly all U.S. children under 18, but the Treasury seeds $1,000 only for U.S. citizen children born 2025-2028; older children get accounts but no government seed.
home.treasury.gov/news/press-rel…
home.treasury.gov/news/press-rel…
newsweek.com/trump-accounts…
apnews.com/article/trump-…
I'm creating a financial literacy program for kids under 18 years old that teaches what no one else is teaching: Long-term investing into the s&p 500 including traditional IRA accounts for kids (aka Trump accounts).
Must watch! If you want to get fired up on America - 73 M kids direct shareholders! Turn it up loud & enjoy right through the end where audience chants USA! 🇺🇸🚀@altcap @frankjbisignano @MichaelDell
@jgebbia @ndstudio
