Dave Ramsey Basics of Personal Finance Course in Northern Nevada High Schools

RENO, Nev. (KOLO) – a non-profit organization called Hayek Group Volunteers, including CEO and President of NeoMedical Tim Duvall, raised nearly $500,000 to empower young men and women across northern Nevada with financial literacy skills.

Hayek Group and Duvall pay the fees required to conductFoundations in personal financeThe program is available to high school students at all Washoe County and Pershing County high schools free of charge during the fall semester of the 2022-2023 school year.

Efforts are also underway to get the program into as many high schools as possible in Northern Nevada.

“You can’t really be personally free if you aren’t financially free, and so I think we need to teach these young people all the skills we can,” Duval said.

At least one of these classes is taught to a group of students at Wooster High School. “What is the purpose of insurance?” Founding personal finance teacher, Morgan Bishop asks his students. Students learn important financial skills including budgeting, saving, and steps to increase retirement income through wise investments.

“It’s a really easy-to-teach curriculum and really easy to learn. It’s really a well-designed curriculum,” said Mr. Bishop.

A similar curriculum designed for adults and taught at Dave Ramsey’s “University of Financial Peace” costs more than $100 per person.

As the Hayek Group’s Acting Head of Education, Duvall is primarily responsible for raising a total of $475,000 for this curriculum by hosting nine events including five golf tournaments and other fundraising.

He also accepted generous donations from organizations and individuals such as Gretchen Haas.

Duvall and Hayek Group paid $175,000 for a 7-year contract in the Washoe School District.

The idea to raise money to help high school students in northern Nevada came to Duval when he was moving his company from California to Nevada.

Hear Dave Ramsey on the radio as he met the Hayek Group.

Duvall contacted Washoe County’s director of curriculum and education, Kendra Fox.

“I arranged for Ramsay to be online and they had a meeting and about 15 minutes into the meeting she stopped us and said this program is far beyond what we thought it could be and we are willing to put it as optional in Duval said.

In 2015, it reached 4,400 students in 12 schools.

It has since been placed in seven school districts in northern Nevada to access 37 high schools, but COVID-19 restrictions have forced the program to terminate some high schools.

“It’s designed appropriately for high school. It’s accredited. It’s taught all over the country and I don’t think you can find a better program,” Duval said.

In fact, students Bond spoke to in Mr. Bishop’s class said they didn’t know that class in their school district came with a price tag of $175,000 or that Duvall and Hayek’s group had raised the money.

“This is great. I am so grateful for all of this,” said personal finance student Natalia Chacon.

“I think they should use it because it really helps a lot and it prepares students for adult life,” said personal finance student Lavi Malavo, who is a core student of personal finance.

Sarah Brown, a WCSD Curriculum and Education spokesperson for the Washoe County school district, oversees the implementation of all K-12 social student content, including financial literacy instruction.

She says after receiving the Hayek Group’s donation and support for the “Enterprises in Personal Finance” program for high schools, the district decided to use the grant funding to purchase the middle school edition as well in 2021.

She says WCSD officials have a goal of seeing a vertical alignment from middle school to high school, and by the 2022-2023 school year, WCSD will be required to implement an entire semester in the economic/personal finance cycle and will be mandatory for graduation for all seniors.

This change has led to the adoption of new teaching materials for economics and the development of a new scope, sequence and speed guide that will explicitly include core subjects.

This new course will require teachers to spend a minimum of five weeks teaching financial literacy and use of the Foundation Program.

Brown says her team is designing a number of professional development opportunities that began in May and run through the fall.

Duvall is running for the 16th Nevada Senate District.

He’s running against Don TatroAnd the Lisa Krasner And the Monica Jay.

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