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That Will Nevr Work S5E48 “Money Matters Simplified: Unlocking the Economics of Everyday Life with John Foster"
Season 5 Episode 48
Today on the podcast features a discussion with John Foster, an accomplished author, executive, angel investor, and educator in economics for kids, emphasizing the critical role of economics in understanding personal finance, business operations, and entrepreneurship. John advocates for simplifying complex economic concepts to make them accessible to children and adults, underscoring economics as a foundational knowledge for making informed financial decisions and understanding the commercial world. The conversation delves into various aspects of economics and business, such as debt management, opportunity costs, and the importance of negotiation skills in both professional and personal contexts. Highlighting cultural differences in negotiation practices, the discussion also covers strategies for effective negotiation, including understanding one’s worth and having alternative options. Additionally, the importance of resilience, learning from failure, and preparation in achieving success is discussed. The podcast concludes by mentioning free educational resources available at middle schoolmba.com, aimed at enhancing students’ understanding of communication and economics, alongside a metaphorical reflection on decision-making and personal growth.
https://www.middleschoolmba.com/
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Published on 1 year, 6 months ago