In 1990, communism fell in the Czech Republic, opening the door to capitalism. However, generations of Czech citizens lacked the fundamental understanding to successfully function in the new economic paradigm. The need for fiscal literacy and understanding was acute in order for the average Czech person to reach financial independence.
Despite the fact that the US is the epicenter for capitalism, financial independence eludes many. Also the epicenter for entertainment, America is a place where people want to be engaged. Facts and figures have largely failed when it comes to educating the next generation and there is a critical need for engaging learning. Nest Egg is the answer!
|1998||Inspiration strikes, development begins|
|2003||First financial professionals play day-long “Financial Freedom” simulation in the Czech Republic|
|2005||KFP incorporation – parent company launched to support the simulation|
|2008||Game becomes standard introductory personal finance course for new bankers in the largest Czech Bank|
|Dec. 2008||Board version of the simulation is launched in the Czech Republic|
|Mar. 2009||7,000 units of the game sold to Czech financial institutions|
|Sept. 2009||Czech retail distribution launches|
|May 2010||More than 700 schools in the Czech Republic use the game to teach financial literacy|
|Aug. 2010||• USA pilot launch – Corpus Christi Independent School District introduces Nest Egg as curriculum for all high school economics classes
• Boy Scouts of Corpus Christi incorporate Nest Egg into family game nights
|Oct. 2010||Tuckahoe, NY after school program pilot with 5th-6th graders|
|Nov. 2010||• Nest Egg USA incorporates
• Featured provider at Annual JumpStart convention in Washington DC
• Texas A&M (Corpus Christi) Business department adopts for personal finance courses
|Dec. 2010||New York City Department of Education approves NYC pilot|
|Jan. 2010||Custom solution for Harlem Renaissance High School (NY) successfully engages overage and under-credited students|
|June 2010||The Financial Literacy Center & US Treasury Department agree for curriculum to be incorporated into Nest Egg|
Nest Egg Quick Facts
- Initially launched in the Czech Republic under the name (translated) “Financial Freedom.”
- Typically, only one out of four teams/individuals “win” the first time they play (meaning they accomplish all three of their client’s goals). By the second game, 75% of teams win.
- Nest Egg measures behavior in the game as a proxy for real life behavior – going beyond retained knowledge to action.