Financial Literacy
Financial Literacy
ā ļø Disclaimer
ā ļø Disclaimer
This lesson is not for helping you learn to get rich or become an overnight billionaire. Instead, consider this a long-term workout plan for your financial health. Instead of giving you steroids, this lesson aims to teach you the reps and endurance needed to be annoyingly fit over your life. What you do with that strength is up to you.
Learn more: The Truth About Getting Rich
Inquiry Questions
Inquiry Questions
If you earn $1,000 at your first job, why do you only get to keep $750? Who took the rest, and what are they doing with it?
If apps like TikTok, Instagram, and Fortnite are 'free' to use, how are they making billions of dollars off you every single day?
Why will a student who saves $50 a month starting today likely end up richer than a 30-year-old who saves $500 a month?
How can a 'cheap' $5,000 used car actually end up costing you more per month than a brand-new one?
Key Concepts: Gross vs. Net Income; Taxes; Saving vs. Investing; Banking; Budgeting; 50/30/20 Rule; Credit & Debt; Credit Scores; Interest Rates; Compound Interest; Stock Market; Diversification; Inflation; Insurance; Identity Theft & Scams; Opportunity Cost
ATL Skills
"I can get you rich, thatās the good news. The bad news is it will happen slowly."
Scott Galloway
Professor, Podcaster, Thought-Leader
Learn
Learn
Project Instructions
Main Activity: Learn and Teach
Main Activity: Learn and Teach
Prepare a 2 minute lesson/presentation for classmates on a topic in the Explore More section.
Pick a topic that you're not familiar with.
You are encouraged to do additional research online to understand the topic more deeply and from additional perspectives.
No slides, no notes, no reading (though you're welcome to take notes to prepare).
As each group member presents, learners will take notes in the worksheet.
Put your worksheet in your your CLS folder with the name: [yyyymmdd]-[Your surname]-[Assignment name]
High Level Summaries of Key Concepts
High Level Summaries of Key Concepts
By izzitEDU
Saving Money
Saving Money
Which are you doing?
(And now with the ubiquity of crypto, online betting and stock trading from your phone, difference with speculating)
What are stocks, why do companies have them and why do they go up and down?
(Explore more)
What is it? Why does it work better?
(and how to do it the right way in the stock market)
Spending Money
Spending Money
How they work?
Why use credit?
What can go wrong?
What is it? What does it impact? How to have a good one?
(Explore more)
Why do we spend money we don't have?
(If you're already making money regularly) What is it?
What is the 50/30/20 rule?
Why save?
Discover how cars keep you poor.
What range of services can people subscribe to?
What are the reasons a company uses a subscription model?
(Learn more)
Why does it happen?
How do you get off the hampster wheel?
Psychology of Money
Psychology of Money
The Dangers of Using Digital Money
Physical and digital money
Psychology of Your Future Self
Why do we make decisions that our future self often regrests
Economic Concepts
Economic Concepts
and why care about it?
Why it's theĀ
What is it?
Why does it happen?
When is it good? When is it bad?
(Explore more)
The Time Value of Money (advanced topic)
Why do we have taxes? What are they for?
Are taxes fair?
What are tax brackets?
How do we calculate how much we pay?
What is it?
How does it work?
Why might you need it?
"We get paid for bringing value to the marketplace... All you have to do to earn more money is to become more valuable."
Jim Rohn
Entrepreneur, Author
Explore More
Explore More
YouTube Channel: Two Cents PBS
YouTube Channel: The Financial Diet
Playlist: Crash Course Economics
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