Connect with us

New Mexico

Financial literacy coursework added as high school graduation requirement in New Mexico

Published

on

Financial literacy coursework added as high school graduation requirement in New Mexico


Gov. Michelle Lujan Grisham signed House Bill 171 into law earlier this month. It adds personal financial literacy as a social studies coursework requirement and lets schools mandate it as a math requirement.

SANTA FE, N.M. — You may remember taking high school algebra, biology, maybe an elective like building trades or culinary arts.

Students these days even take classes on personal financial literacy. Legislation stipulates high schools must have it as an elective.

Now, it’s a high school graduation requirement.

Advertisement

Gov. Michelle Lujan Grisham signed House Bill 171 into law earlier this month. It adds personal financial literacy as a social studies coursework requirement and lets schools mandate it as a math requirement.

Charlie Bergman teaches personal financial literacy at St. John’s College in Santa Fe. He launched the course after teaching it to students at Albuquerque Academy.

“They’re psychologically ready for it. They do well, at it, they’re interested,” Bergman said.

The coursework he teaches in a college setting would translate to a high school classroom, with questions like:

“If I’m paying a 25% APR interest rate on a credit card, and I have a carryover debt that I haven’t paid off of $1,000. And I carry that for two years because I’m just not paying it off, how much do I owe?”

Advertisement

Bergman says he likes the new requirements but believes this is just the beginning.

St. John’s College offers $500 in an investment account for anyone who passes the final test in Bergman’s course.

Bergman believes legislators could implement something like that for high school students.

“Take part of the state budget and make an allocation to students who complete a really good financial literacy course as a reward. Then, that money could be managed for them by a trustee for the state for a while, but at some point in adulthood, they get control,” he offered.

Bergman is working with the New Mexico Public Education Department and financial institutions, like Nusenda Credit Union, to offer teacher workshops in the fall.

Advertisement

Read HB 171 below.

MORE:



Source link

Advertisement
Continue Reading
Advertisement
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.

New Mexico

Johnny Johannson and Ryan Johnson in excellent shape as New Mexico Ice Wolves beat Amarillo Wranglers – The Rink Live

Published

on

Johnny Johannson and Ryan Johnson in excellent shape as New Mexico Ice Wolves beat Amarillo Wranglers – The Rink Live


On Friday, a single goal ended up deciding a close game as the New Mexico Ice Wolves defeated the Amarillo Wranglers 2-1.

The Ice Wolves opened strong, at the beginning of the game with

Ryan Johnson

scoring in the first minute, goal assisted by

Advertisement

Francois Devilliers

and

Graham Harris

.

Johnny Johannson

Advertisement

scored early in the second period, assisted by

Yusaku Ando

and

Luca Ricci

.

Advertisement

The Wranglers made it 2-1 with a goal from

Connor McNaughton

.

The Ice Wolves chalked up four straight home wins.

Coming up:

Advertisement

The teams now have the chance to fine-tune their tactics, as they play each other again in the next matchup on Saturday at 7:30 p.m. CST at Outpost Ice Arenas.

Automated articles produced by United Robots on behalf of The Rink Live.





Source link

Advertisement
Continue Reading

New Mexico

A boomer who moved to Panama after years as a bartender in the Hamptons and New Mexico outlines the pros and cons of living in Central America

Published

on

A boomer who moved to Panama after years as a bartender in the Hamptons and New Mexico outlines the pros and cons of living in Central America


  • George Stumpp, a retired bartender, lives comfortably in Panama after moving from New Mexico.
  • Stumpp rents two properties as Airbnbs, supplementing his income in a country with good healthcare.
  • He said Panama has robust infrastructure, a lower cost of living, and many of the same stores as the US.

George Stumpp, 65, worked as a bartender and bar supervisor in Long Island and New Mexico for decades. Realizing his retirement savings could go further in a different country, he settled in Panama.

In 2006, he and his wife bought a property on the outskirts of Panama City for $37,000 in cash, traveling back and forth until his retirement. After 15 years of going back and forth, he settled there permanently in 2021, renting out two casitas as Airbnbs to supplement his income. He’s enjoying retirement in a country with a lower cost of living and high-quality healthcare, and he said he’s enjoyed adapting to Panamanian culture.

“One of the reasons I chose Panama over other Central American countries is because we’ve got better infrastructure than anyplace else,” Stumpp told Business Insider. “It’s a thriving country, and a lot of that is based on income that they get from the Panama Canal.”

Advertisement


George Stumpp and his lunch

George Stumpp said it’s taken him time and effort to get acquainted with Panamanian culture

George Stumpp



As the cost of living continues to increase, driven by elevated housing costs and still-high grocery bills, many American retirees are looking abroad for retirement. Some recent retirees previously told BI they’re living much more comfortably in places like Colombia, Thailand, and St. Maarten.

Leaving the US

Stumpp grew up in the Hamptons on Long Island and eventually worked as a bartender for 15 years. He worked at rock ‘n’ roll clubs in the 1970s then found work at more upscale bars and restaurants.

Advertisement

As Long Island got more expensive, he decided to relocate to Sante Fe, where he had a cousin at the time. In 1993, he moved to Santa Fe with his then-girlfriend and her two kids.

He got a job at a luxury hotel downtown, working his way up the ranks to bar supervisor. For years, he managed the bar, from creating schedules to ordering inventory. As his kids got older, he started to vacation in Central America, traveling to Costa Rica, Belize, and Panama.

His parents had retired to a lakefront cottage in Ontario, Canada, so he knew he wanted to retire abroad. In the mid-2000s, he started looking into purchasing a property in Belize, a predominantly English-speaking nation, although he and his wife ended up passing on it after noticing it wasn’t as peaceful as they wanted it to be.

After reading more about Panama and seeing more Americans moving there, they took a lengthy trip searching for potential properties. He noticed he could get cheaper prices by calling the number on hand-painted signs outside homes instead of going through real estate websites, which would upcharge nonlocals.

Advertisement

Buying a home in Panama

He settled on a nearly half-acre property for $37,000 back in 2006 located three minutes from the beach, giving his Sante Fe home to his stepdaughter. The property had an old home that was falling apart, and he and his wife built a smaller house toward the back of the property with a bedroom, small kitchen, bathroom, and front porch. They split the old house in two as rental units. He owns his property outright with no mortgage, and his annual property tax is less than $100.


George Stumpp's home

George Stumpp purchased a nearly half-acre lot for $37,000.

George Stumpp



“We literally just took it apart — it was wired with extension chords, and it was in sad shape,” Stumpp said. “We took it apart, put it back together again, and turned it into these two cute little Airbnb rentals. I’m not making a million dollars, but it’s supplemental income.”

After moving back and forth between Panama and the US for work for several years, he finally decided to retire and put his Santa Fe house on the market in 2021, noticing his home increased over $100,000 in value from the year before. He sold his convertible and bought an SUV, drove around the US for four months visiting friends and seeing national parks, and then flew back to Panama with his dog.

Advertisement

Moving to Panama permanently

He said over the last two decades, Panama’s infrastructure has become much more robust than many other Central American countries. He said the city has good healthcare, a thriving financial scene, and plenty of big-box retailers and large chains.

Within 15 minutes of his house, he said there are four grocery stores, a Home Depot-like retailer, and many restaurant chains similar to those in the US.


George Stumpp's beachfront

George Stumpp lives a short drive from the beach.

George Stumpp

Advertisement



“Anything I can buy in the States I can buy here. You might pay a little bit more for certain things, but then again, there’s always alternatives,” Stumpp said. “I can buy Kellogg’s cornflakes and pay a lot of money, or I can buy the local cornflakes for a lot less.”

Because he’s over 60, he gets discounts on his utilities, doctor visits, public transportation, flights, and even movie theaters.

He’s seen many large condominium complexes built along the beach that sell for about $300,000 with monthly maintenance fees of between $150 and $250. In his area, which has fewer tourists and expats, home prices are much lower, though he said sometimes houses can stay on the market for years without buyers.

His electricity fees are about $50 a month, while WiFi is $40 a month. His water bill is a miniscule $5 a month, and he rarely uses air conditioning, which keeps costs down. Still, he estimates his grocery bills are comparable to what he spent in the US, though going out to eat is slightly less.

Advertisement

“As more and more North Americans come down, prices on certain things like services have gone up,” Stumpp said. “When I first got here, a hand carwash was $2, but now it’s $10.”

He loves the weather and living by water, and he’s enjoyed becoming integrated into Panamanian culture over the past few years. Still, he said he’s noticed a lot of Americans moving down to Panama who don’t adapt to the culture, noting that some have left recently citing cultural differences. He said Americans should understand that they’re guests in Panama and respect their neighbors, even if it means having to listen to loud music during a party.

“If you come down here to retire, it’s not going to be like back home, and you’re going to have to be flexible,” Stumpp said. “There’s some other old-timers here, and those are the ones that can adapt to life here, but there’s those that can’t.”

Have you recently left the United States for a new country? Have you recently moved to a new state? Reach out to this reporter at nsheidlower@businessinsider.com.

Advertisement



Source link

Continue Reading

New Mexico

Matthew McConaughey Spotted Filming in Ruidoso

Published

on

Matthew McConaughey Spotted Filming in Ruidoso


Guess which movie actor Mathew McConaughey was spotted filming on the streets of Ruidoso, New Mexico?

That’s right, Mr. McConaughey was seen roaming through the village of Ruidoso in full character mode as filming was underway for the movie “The Lost Bus”.

According to the Village of Ruidoso government website, filming for “The Lost Bus” took place from April 1st through the 7th. The production included over 1,050 participants with recent extras casting events which were organized by the Film Industry Jobs Forum.

According to Variety, “The Lost Bus” stars McConaughey and American Ferrera and is based on Lizzie Johnson’s book “Paradise: One Town’s Struggle to Survive an American Wildfire” about the devastating 2018 California wildfires that resulted in over 100 deaths and destroyed the majority of the town of Paradise. The fires were the deadliest in the state’s history. The movie centers on Kevin McKay (McConaughey) and Mary Ludwig (Ferrera), a bus driver and teacher who lead a school bus full of young students through the Camp Fire.

Advertisement

No word though on whether Ferrera was also spotted, but many bystanders got great glimpses of McConaughey in Ruidoso. According to Variety, this film is being developed, produced and distributed Apple. No word on when the film will be released.

Many of us are quite aware that New Mexico is a hot spot for the film industry- this news comes right after we all found out that Ari Aster and Joaquin Phoenix were spotted in the Albuquerque area for their new film that also includes Emma Stone, Pedro Pascal and Austin Butler!

So, once again, if you need me- I’ll be in New Mexico!

Matthew McConaughey’s Famous Film Roles

A look at Matthew McConaughey’s most memorable roles in film and television.

Gallery Credit: KEVIN MILLER

Advertisement





Source link

Continue Reading

Trending