EVALUATE THE CLASS & THE TEACHER

LAST DAY 2018

PRESENT

  • Statements are well organized and clearly stated: Presentation flowed in a logical sequence, statements were well organized
  • Demonstrates self confidence, poise, assertiveness, and good voice projection: Presenter demonstrated self-confidence, poise, good voice projection, and assertiveness
  • Demonstrates the ability to effectively answer questions: Interacted with the judges in the process of completely answering questions

 

TODAY:

IMPORTANT: At the end of every class, please email me describing how far you got today and what you learned. This will be graded periodically. Use 3-5 sentences.

MODULE 4–Credit Scores

At the completion of this module you will be able to answer the following questions:

  1. What information goes into a credit score, and what information does not?
  2. Why would you want a good credit score? How are credit scores used?
  3. What can you do to help make your credit score strong?
  4. What can you do if you have a low credit score, to help increase it?

Module 4 Learning Objectives:

  1. Understand the basics of credit scores and their importance.
  2. Identify the financial habits associate with certain credit scores.
  3. Understand the basics behind credit score calculations.
  4. Examine how financial behaviors can impact a credit score.
  5. Understand how to request, read, and monitor your annual credit report.
  6. Select the appropriate steps to monitor your credit report and fix errors.
  7. Explain how credit score can have an impact on future financial decisions.

HERE IS WHAT YOU NEED TO DO NOW:

  1. Open the PERSONAL FINANCE Google Doc and answer the following questions (you will re-visit them at the conclusion of this unit):
    1. Assume a friend of a friend wants to borrow a moderate sum of money from you. List the information you would want to know about a potential borrower prior to lending them money.
    2. List the ways in which you may be earning credit right now.  Include any methods you think may be building your credit even if you are not totally sure. We can talk about this later. If you think you are not, record that as well.
    3. Discuss and list steps consumers can take to help establish credit for themselves. Be as specific as possible and include as many possibilities as you can think of.
    4. Choose the best methods, from your knowledge of credit thus far, to help establish a positive credit history. Explain why you made these choices.
    5. Explain why understanding credit and managing it responsibly may or may not be an important part of your future.
  2. Get into Everfi and begin Module 4.
  3. Open the PERSONAL FINANCE Google Doc and re-visit your responses to the questions before you completed Module 4. In addition to the 5 pre-questions, list the criteria creditors would want to know prior to lending money. Create a spectrum of the range of credit worthiness for each category. Use the following instructions to design your survey and rubric (use Google Forms!!!):
    1. CREDIT WORTHINESS EVALUATION
      1. Using your understanding of the criteria that lenders and credit agencies look for in issuing credit, create a credit survey and evaluation rubric to measure the creditworthiness of a potential borrower. In designing your rubric, keep the following in mind:
        1. Record the type of information you would want to know about the potential borrower.
        2. Write out a survey questions that you would want to ask them to learn more about them.
        3. Record a grade for each question (letter or number) based on their response.
        4. Based on a summation of all individual answers and scores, evaluate the creditworthiness of potential borrower as poor, below average, average, good, or very good.
  4. TEST: Review the pre-questions at the beginning of this unit. Re-answer each of the questions using red font AFTER your initial response (do not delete your initial answer) given the knowledge your gained during this lesson.

TODAY:

IMPORTANT: At the end of every class, please email me describing how far you got today and what you learned. This will be graded periodically. Use 3-5 sentences.

MODULE 4–Credit Scores

At the completion of this module you will be able to answer the following questions:

  1. What information goes into a credit score, and what information does not?
  2. Why would you want a good credit score? How are credit scores used?
  3. What can you do to help make your credit score strong?
  4. What can you do if you have a low credit score, to help increase it?

Module 4 Learning Objectives:

  1. Understand the basics of credit scores and their importance.
  2. Identify the financial habits associate with certain credit scores.
  3. Understand the basics behind credit score calculations.
  4. Examine how financial behaviors can impact a credit score.
  5. Understand how to request, read, and monitor your annual credit report.
  6. Select the appropriate steps to monitor your credit report and fix errors.
  7. Explain how credit score can have an impact on future financial decisions.

HERE IS WHAT YOU NEED TO DO NOW:

  1. Open the PERSONAL FINANCE Google Doc and answer the following questions (you will re-visit them at the conclusion of this unit):
    1. Assume a friend of a friend wants to borrow a moderate sum of money from you. List the information you would want to know about a potential borrower prior to lending them money.
    2. List the ways in which you may be earning credit right now.  Include any methods you think may be building your credit even if you are not totally sure. We can talk about this later. If you think you are not, record that as well.
    3. Discuss and list steps consumers can take to help establish credit for themselves. Be as specific as possible and include as many possibilities as you can think of.
    4. Choose the best methods, from your knowledge of credit thus far, to help establish a positive credit history. Explain why you made these choices.
    5. Explain why understanding credit and managing it responsibly may or may not be an important part of your future.
  2. Get into Everfi and begin Module 4.
  3. Open the PERSONAL FINANCE Google Doc and re-visit your responses to the questions before you completed Module 4. In addition to the 5 pre-questions, list the criteria creditors would want to know prior to lending money. Create a spectrum of the range of credit worthiness for each category. Use the following instructions to design your survey and rubric (use Google Forms!!!):
    1. CREDIT WORTHINESS EVALUATION
      1. You are an employee of a bank. You work in the lending department. Using your understanding of the criteria that lenders and credit agencies look for in issuing credit, create a credit survey and evaluation rubric to measure the creditworthiness of a potential borrower. In designing your rubric, keep the following in mind:
        1. Record the type of information you would want to know about the potential borrower.
        2. Write out a survey questions that you would want to ask them to learn more about them.
        3. Record a grade for each question (letter or number) based on their response.
        4. Based on a summation of all individual answers and scores, evaluate the creditworthiness of potential borrower as poor, below average, average, good, or very good.
  4. TEST: Review the pre-questions at the beginning of this unit. Re-answer each of the questions using red font AFTER your initial response (do not delete your initial answer) given the knowledge your gained during this lesson.

STUDENT LOAN GAME

ROCI REALITY CHECK

http://www.thirteen.org/finance/games/index.html

SIGN UP FOR COLLEGE ADVICE

In a Google Doc, tell me how today went and what you learned.

TODAY:

MODULE 5–Financing Higher Education

At the completion of this module you will be able to answer the following questions:

  1. How is education an investment in yourself?
  2. Explain why it might be a good idea to borrow money for college if you might not otherwise afford to go.
  3. What are the steps in the student loan process?
  4. Why is it important to repay your student loans on time?

Module 5 Learning Objectives:

  1. Describe why higher education has a high potential return on investment (ROI)
  2. Identify typical action steps that students should take on the path to higher education.
  3. Identify and compare potential sources of higher education financing.
  4. Describe the advantages of federal student loans.
  5. Compare subsidized & unsubsidized federal student loans.
  6. Explain the purpose and process of filing the FAFSA form.

HERE IS WHAT YOU NEED TO DO NOW:

  1. Open the PERSONAL FINANCE Google Doc and respond to the following:
    1. Upon graduation I plan to……………(be as detailed and specific as possible–give an exact date by which you hope to achieve your goal)
    2. Based on your answer to the prompt above, answer the following questions:
      1. What are some of the things you need to reach this goal?
        1. What types of skills or training to you need?
        2. How much money do you expect to earn?
        3. How much education do you need after college?
  2. Log in to Everfi and work on Module 5–Financing High Education
  3. Career Comparision
    1. Get the handout from your teacher
    2. Go to the Bureau of Labor Statistics “Exploring Career Information”-use this to complete the handout
  4. TEST: Review the pre-questions at the beginning of this unit. Re-answer each of the questions using red font AFTER your initial response (do not delete your initial answer) given the knowledge your gained during this lesson.

IMPORTANT: At the end of every class, please email me describing how far you got today and what you learned. This will be graded periodically. Use 3-5 sentences.

MODULE 5–Financing High Education

At the completion of this module you will be able to answer the following questions:

  1. How is education an investment in yourself?
  2. Explain why it might be a good idea to borrow money for college if you might not otherwise afford to go.
  3. What are the steps in the student loan process?
  4. Why is it important to repay your student loans on time?

Module 5 Learning Objectives:

  1. Describe why higher education has a high potential return on investment (ROI)
  2. Identify typical action steps that students should take on the path to higher education.
  3. Identify and compare potential sources of higher education financing.
  4. Describe the advantages of federal student loans.
  5. Compare subsidized & unsubsidized federal student loans.
  6. Explain the purpose and process of filing the FAFSA form.

HERE IS WHAT YOU NEED TO DO NOW:

  1. Open the PERSONAL FINANCE Google Doc and respond to the following:
    1. Upon graduation I plan to……………(be as detailed and specific as possible–give an exact date by which you hope to achieve your goal)
    2. Based on your answer to the prompt above, answer the following questions:
      1. What are some of the things you need to reach this goal?
        1. What types of skills or training to you need?
        2. How much money do you expect to earn?
        3. How much education do you need after college?
  2. Log in to Everfi and work on Module 5–Financing High Education
  3. Career Comparision
    1. Get the handout from your teacher
    2. Go to the Bureau of Labor Statistics “Exploring Career Information”-use this to complete the handout
  4. TEST: Review the pre-questions at the beginning of this unit. Re-answer each of the questions using red font AFTER your initial response (do not delete your initial answer) given the knowledge your gained during this lesson.

 

IMPORTANT: At the end of every class, please email me describing how far you got today and what you learned. This will be graded periodically. Use 3-5 sentences.

MODULE 5–Financing High Education

At the completion of this module you will be able to answer the following questions:

  1. How is education an investment in yourself?
  2. Explain why it might be a good idea to borrow money for college if you might not otherwise afford to go.
  3. What are the steps in the student loan process?
  4. Why is it important to repay your student loans on time?

Module 5 Learning Objectives:

  1. Describe why higher education has a high potential return on investment (ROI)
  2. Identify typical action steps that students should take on the path to higher education.
  3. Identify and compare potential sources of higher education financing.
  4. Describe the advantages of federal student loans.
  5. Compare subsidized & unsubsidized federal student loans.
  6. Explain the purpose and process of filing the FAFSA form.

HERE IS WHAT YOU NEED TO DO NOW:

  1. Career Comparision
    1. Get the handout from your teacher
    2. Go to the Bureau of Labor Statistics “Exploring Career Information”-use this to complete the handout
  2. TEST: Review the pre-questions at the beginning of this unit. Re-answer each of the questions using red font AFTER your initial response (do not delete your initial answer) given the knowledge your gained during this lesson.
  1. Begin Everfi Module 8:

FINISH MODULE 8

  1. Get the Consumer Protection Worksheet from your teacher.

IMPORTANT: At the end of every class, please email me describing how far you got today and what you learned. This will be graded periodically. Use 3-5 sentences.

MODULE 6–Renting Vs. Owning

At the completion of this module you will be able to answer the following questions:

  1. What is a mortgage?
  2. What causes a mortgage foreclosure?
  3. What are the advantages of renting vs. owning a home? What are the advantages of owning vs. renting a home?
  4. Is buying a house always a solid investment?

Module 6 Learning Objectives:

  1. Understand the differences between renting, leasing, and owning.
  2. Define & provide an example of appreciating and depreciating assests.
  3. Explain the advantages and disadvantages of renting/owning a home.
  4. Apply renting/owning considerations to specific housing scenarios.
  5. Define important housing terminology (mortgage, down payment)
  6. Identify components of a standard housing lease agreement
  7. Explain the advantages and disadvantages of leasing/owning a car.
  8. Apply renting/owning considerations to specific transportation scenarios.
  9. Examine the explicit and implicit costs of buying a car.

HERE IS WHAT YOU NEED TO DO NOW:

  1. Open the PERSONAL FINANCE Google Doc and answer the following questions (you will re-visit them at the conclusion of this unit):
    1. Would it be better to RENT or BUY the following items:
      1. Housing
      2. Car
      3. Washer & Dryer
      4. Home Theater
      5. Computer
      6. Television
      7. DVD
      8. Furniture
  2. Get into Everfi and begin Module 6.
  3. Get the Renting Vs. Owning handout from your teacher & complete it.
  4. TEST: Review the pre-questions at the beginning of this unit. Re-answer each of the questions using red font AFTER your initial response (do not delete your initial answer) given the knowledge your gained during this lesson.

 

IMPORTANT: At the end of every class, please email me describing how far you got today and what you learned. This will be graded periodically. Use 3-5 sentences.

MODULE 6–Renting Vs. Owning

At the completion of this module you will be able to answer the following questions:

  1. What is a mortgage?
  2. What causes a mortgage foreclosure?
  3. What are the advantages of renting vs. owning a home? What are the advantages of owning vs. renting a home?
  4. Is buying a house always a solid investment?

Module 6 Learning Objectives:

  1. Understand the differences between renting, leasing, and owning.
  2. Define & provide an example of appreciating and depreciating assests.
  3. Explain the advantages and disadvantages of renting/owning a home.
  4. Apply renting/owning considerations to specific housing scenarios.
  5. Define important housing terminology (mortgage, down payment)
  6. Identify components of a standard housing lease agreement
  7. Explain the advantages and disadvantages of leasing/owning a car.
  8. Apply renting/owning considerations to specific transportation scenarios.
  9. Examine the explicit and implicit costs of buying a car.

HERE IS WHAT YOU NEED TO DO NOW:

  1. Open the PERSONAL FINANCE Google Doc and answer the following questions (you will re-visit them at the conclusion of this unit):
    1. Would it be better to RENT or BUY the following items:
      1. Housing
      2. Car
      3. Washer & Dryer
      4. Home Theater
      5. Computer
      6. Television
      7. DVD
      8. Furniture
  2. Get into Everfi and begin Module 6.
  3. Get the Renting Vs. Owning handout from your teacher & complete it.
  4. TEST: Review the pre-questions at the beginning of this unit. Re-answer each of the questions using red font AFTER your initial response (do not delete your initial answer) given the knowledge your gained during this lesson.

 

IMPORTANT: At the end of every class, please email me describing how far you got today and what you learned. This will be graded periodically. Use 3-5 sentences.

IMPORTANT: At the end of every class, please email me describing how far you got today and what you learned. This will be graded periodically. Use 3-5 sentences.

MODULE 8–Consumer Protection

At the completion of this module you will be able to answer the following questions:

  1. What is identity theft, and what can people do to protect themselves from it?
  2. Why should people check their credit report once a year?
  3. What are some examples of consumer fraud?

Module 8 Learning Objectives:

  1. Identify strategies that can be used to steal your identity or commit consumer fraud.
  2. Identify ways your personal information can be used by identity thieves.
  3. Recommend ways to protect personal information
  4. Describe ways to identify whether identity theft or consumer fraud has occurred
  5. Explain the purpose of consumer protection laws and organizations.
  6. Categorize personal information or documents as sensitive or not sensitive.
  7. Assess when personal information should be provided
  8. List and prioritize the steps to resolve suspect consumer fraud/identity theft.

HERE IS WHAT YOU NEED TO DO NOW:

  1. Open the PERSONAL FINANCE Google Doc and answer the following questions (you will re-visit them at the conclusion of this unit):
    1. When you’re spending money, when do you think you would be at risk for identity theft or consumer fraud?
    2. What is the role of consumer protection laws and agencies in creating a safe marketplace for financial transactions?
    3. What are some laws or practices that you would want a bank, credit card company, or government to enact in order to protect your day-to-day financial transactions?
  2. Get into Everfi and begin Module 8.

PERSONAL FINANCE GAME LESSON 9 FIXING YOUR CREDIT

  1. Get into the game and Mmake note of the following as you go:
    1. #1–Review the tutorial for the following items: (THIS SHOULD TAKE YOU 15 MINUTES OR LONGER!!!! DO NOT SKIP THIS!!!)
      1. Credit Score, Credit Report, Shop for a Car, Shop for Food & Pay Bills
    2. #2–Open the handout for Lesson 9 and read & do it.
    3. #3–Create a new Google Doc and record your answer. Be sure to use good writing skills. Share the file with me. Be sure to explain what constitutes a good/bad credit score. Use the Internet to help, if needed.
    4. #4–Respond in the Google Doc created in #3. Be sure to explain WHY they are considered problems.
    5. #5–Respond in the Google Doc. Be sure to provide explanation.
    6. #6–Read and do this VERY carefully, step by step!!!
    7. #7–Respond using good writing skills in the Google Doc created for this lesson. Provide explanation about how and why it is fixed.
    8. #8–Respond using good writing skills in the Google Doc created for this lesson. Provide explanation.
    9. #9–Respond using good writing skills in the Google Doc created for this lesson. Provide explanation to demonstrate your knowledge.

GOAL: Before you leave today you will demonstrate that you know how to plan for education and advancement.

  1. Go to the Personal Finance game on your computer.
  2. Finish working on the Computer Exercise for Lesson 10.
  3. Please respond to Written Questions 1-3 on page 96 using good writing skills in a shared Google Doc with me.

Lesson 10–Education and Advancement–Read the packet

Zig Ziglar YouTube Movie #1

Zig Ziglar YouTube Movie #2

Zig Ziglar YouTube Movie #3

In a Google Doc, write a summary of what you learned about setting goals (use the 5 part summary with a twist). Be sure to do a thorough job of summarizing the main idea, using good grammar, and explaining how you can use what you learned in your life. Also, list at least 1 short term goal (to be accomplished by the end of the school year), 1 long term goal (to be accomplished in the next 5 years). Use this web site to help you write specific goals.

Pick a career

Conduct research on your career choice. Use Google Docs (create a Presentation, not a Document) to organize your findings. Share the presentation with my when you are done. Here are some questions you may what to answer in your research:

  1. Skills needed
  2. Pay–how much, hourly, salary, benefits
  3. Education–where, cost
  4. On the job training
  5. Where are the jobs located?
  6. What is the outlook for jobs

Aptitude Test

In a Google Doc summarize the results of your aptitude test. What careers were recommended? What degree programs could you enroll in? How can you use what you learned?

Go to Glogster, establish a free account, create a poster illustrating a career of your choice.

 

Finish your career research Google presentation and share it with me. If you finish early, what the following video clips:

College Loans YouTube Video

Choosing a Major

Career Advice

Write a summary of the movies you watched today (use the 5-Part Summary with a Twist). What did you learn from them? How can you use what you learned in the future? Submit this in a Google Doc. Share this with at least 2 other classmates.

 

Finish your Google Presentation and share it with me. Below is the MINIMUM amount of information you need to share with the class. Remember you can earn WOW points for above and beyond effort or extra credit points if you have your parents help you.

  1. Average pay
  2. Cost of post-secondary education
  3. Daily duties
  4. Pros
  5. Cons

Lesson 10 Packet:

  1. p. 96–Answer question #1 only in a Google Doc. SHOW YOUR WORK. LABEL YOUR ANSWER!!
  2. p. 97-98–Read and do–Answer questions 1-4 in the same Google Doc as you answered #1 on page 96. Do everything in order. Use the Tutorial to help you!!!

Place the following terms into the following sentences using a Google Doc. Use your Lesson 10 packet to help you. We will share with the class.

  1. Scholarship–2nd word
  2. Internship–last word
  3. Sallie Mae–1st words
  4. Networking–last word
  5. Apprenticeship–1st word

Finish Lesson 10 Packet:

  1. p. 96–Answer question #1 only in a Google Doc. SHOW YOUR WORK. LABEL YOUR ANSWER!!
  2. p. 97-98–Read and do–Answer questions 1-4 in the same Google Doc as you answered #1 on page 96. Do everything in order. Use the Tutorial to help you!!!

Lesson 10 Test–Edmodo

Complete any make up work–check JMC

MAJOR EXTRA CREDIT: Set up a guest speaker to speak to our class either in person or through Skype on any business related topic!!

GOAL: Part of the learning process is figuring out what you did wrong and how you can improve. Today you will have the opportunity to use the CFS to summarize your game and to reflect on mistakes made and how they can avoided in your real life finances.

  1. PRINT THIS and complete it–Print the CFS as instructed

STUDENT RESPONSIBILITIES EVERYDAY DURING THE SIMULATION:

  1. Login daily
  2. Pay bills on-time
  3. Adjust 401(k) contribution % and bank account type, as needed
  4. Read simulation communications via email, Dashboard Alert, and push notifications
  5. Maintain their CFS reconciled
  6. Take quizzes and surveys
  7. Review pay stubs and W-2
  8. Use the Student Quick Tips to help navigate the simulation and perform common tasks
  9. Use the Knowledge Base to answer questions about the game, scoring, website navigation, etc.

STUDENT RESPONSIBILITIES EVERYDAY DURING THE SIMULATION:

  1. Login daily
  2. Pay bills on-time
  3. Adjust 401(k) contribution % and bank account type, as needed
  4. Read simulation communications via email, Dashboard Alert, and push notifications
  5. Maintain their CFS reconciled
  6. Take quizzes and surveys
  7. Review pay stubs and W-2
  8. Use the Student Quick Tips to help navigate the simulation and perform common tasks
  9. Use the Knowledge Base to answer questions about the game, scoring, website navigation, etc.

Lesson 11

Watch the following videos and write a summary (use the 5-part summary with a twist). Be sure to include a thorough summary of each and how you can use what you learned in each video in your real life.

 

Lesson 11

Watch the following videos and write a summary. Be sure to include a thorough summary of each and how you can use what you learned in each video in your real life.

  1. Lesson 11 Questions–Read pages 99-101 in the Lesson 11 packet. Answer questions 2-4 in a Google Doc and share it with me. Be sure to use COMPLETE sentences!! (You may do #1 for extra credit)
  2. Lesson 11 Siminulation–Read and do pages 103-104 in the Lesson 11 packet. Answer the questions in a Google Doc.

Lesson 11

How to Set Up a Strong But Memorable Password

Tips for Creating a Secure Password

Wi-Fi Busters: Is Wireless Secure?

Computer Basics: What is a DSL Modem?

Do you really trust Wi-Fi over DSL? Use the Internet to find information on this and write a letter to a potential DSL customer explaining why DSL is more secure over Wi-Fi. Share the letter with me through Google Docs.

Complete:

  1. Lesson 11 Questions–Read pages 99-101 in the Lesson 11 packet. Answer questions 2-4 in a Google Doc and share it with me. Be sure to use COMPLETE sentences!! (You may do #1 for extra credit)
  2. Lesson 11 Siminulation–Read and do pages 103-104 in the Lesson 11 packet. Answer the questions in a Google Doc.

 

Lesson 11–Finish the game

Visit Bellevue State Bank and Bank of America’s web sites. Based on what you have learned in this unit so far, create a list of pros and cons for each web site. Would you like to be a customer there? What do they offer through their online banking? Does it seems secure and easy to use?

  1. Questions for Guest Speaker–Make sure there are GOOD questions! Everyone should try to come up with 3-5 questions to ask Kelly on Thursday. Be prepared!!!! Share the Google Doc with me.
  2. Create a Prezi or Glog on one of the terms below:
    • Fraud
    • Identity Theft
    • Phishing
    • Password

    Your Prezi or Glog must include the following:

    1. Who would most likely use the word
    2. A picture illustrating the word
    3. Non examples of the word
    4. What is most important to know about the word
    5. Give an example
    6. What personal relevance does the word have?
    7. List other related words
    8. Tell a story to illustrate the word

    You are encouraged to go for “WOW!” points by including YouTube videos, clipart, pictures, screencaptures, etc.

How Do You Do Your Banking booklet

Chapter One: What Kind of Car Do You Want? By the end of this unit you will know how to write SMART goals.

  1. Read pages 3-4
  2. Goal Mapping Worksheet (minus the bottom)
  3. Goal Writing: Re-write each statement below so that it meets the four criteria for writing SMART goals:
    1. Go to Paris
    2. Make good grades
    3. Save some money for this summer
    4. Buy a fabulous Italian sports car costing $150,000 three years from now
    5. Buy a stereo in six months
  4. Goal Mapping: You goal is to buy a used car that is highly rated by Consumer Reports and costs no more than $4,600 twenty-four months from now. Write this goal at the top of the worksheet. Analyze the list of tasks required to reach the goal. The list contains three milestones and 3 steps steps for each milestone, but they are not in the correct order. Identify the milestones and steps and put them in the correct order.

Finish Lesson 11

  1. Share your Glog/Prezi/Blog from last class with your teacher and your classmates. Please share feedback with your classmates–when you receive one of your classmate’s projects look at and offer constructive criticism or positive feedback–share your comments with your classmate and me.

Lesson 12 Paying Your Taxes

Lesson 12 Paying Your Taxes

Lesson 12 Paying Your Taxes

GOAL: Before you leave today you will demonstrate that you know how to pay your taxes.

  1. Go to the Personal Finance game on your computer.
  2. Finish the Computer Exercise for lesson 12.
  3. Please respond to the 4 Written Questions on page 110 using good writing skills in a shared Google Doc with me.

Lesson 13 Intro. to Investing

Lesson 13 Intro. to Investing

Lesson 13 Intro. to Investing

Lesson 13 Intro. to Investing

Lesson 13 Intro. to Investing

Goal: Before you leave today you will demonstrate what you know about the basics of Investing.

  1. Go to the Personal Finance game on your computer.
  2. Finish the Computer Exercise for Lesson 13. Please to the Written Questions on page 120 in a shared Google Doc with me. Use good writing skills.

Lesson 14 Risk Vs. Return

Lesson 14 Risk Vs. Return

Lesson 14 Risk Vs. Return

Lesson 14 Risk Vs. Return

GOAL: Before you leave today you will have the opportunity to see the relationship between risk and reward when it comes to investments.

  1. PERSONAL FINANCE GAME LESSON–Do Lesson 14: Risk Vs. Return
    1. Create a spreadsheet in Google and share it with me: tweber@bellevue.k12.ia.us
    2. Be sure to do #1–these are all new areas, review the tutorial!!!
  1. Put the following terms in a sentence and share with me in a Google Doc:
    1. Budget
    2. Expense
    3. Income
    4. Non-interest bearing account
    5. Interest
    6. Rule of 72
    7. Risk-reward relationship

GOAL: Before you leave today you will have the opportunity to demonstrate what you know about risk vs. return.

  1. Go to the Personal Finance game on your computer.
  2. Open the handout for Lesson 14 and read it. Be sure you can answer the questions on page 128.
  3. Begin the Computer Exercise for Lesson 14. Please record your responses to Questions 1-2 and Worksheet 1 in a shared Google Doc with me. Use good writing skills.

Goal: Before you leave today you will demonstrate what you know about risk vs. return.

  1. Go to the Personal Finance game on your computer.
  2. Finish the Computer Exercise for Lesson 14. Please to the Written Questions on page 128 in a shared Google Doc with me. Use good writing skills.

GOAL: Before you leave today you will have the opportunity to demonstrate what you know about diversification.

  1. Go to the Personal Finance game on your computer.
  2. Open the handout for Lesson 15 and read it. Be sure you can answer the questions on page 135.
  3. Begin the Computer Exercise for Lesson 15. Please record your responses to Questions 1-3 and Worksheet 1 in a shared Google Doc with me. Use good writing skills.

Goal: Before you leave today you will demonstrate what you know about diversification.

  1. Go to the Personal Finance game on your computer.
  2. Finish the Computer Exercise for Lesson 15. Please respond  to the Written Questions on page 1135 in a shared Google Doc with me. Use good writing skills.

GOAL: Before you leave today you will have the opportunity to demonstrate what you know about investing for retirement.

  1. Go to the Personal Finance game on your computer.
  2. Open the handout for Lesson 16 and read it. Be sure you can answer the questions on page 142.
  3. Begin the Computer Exercise for Lesson 16. Please record your responses to Questions 1-4 in a shared Google Doc with me. Use good writing skills.

Goal: Before you leave today you will demonstrate what you know about investing for retirement.

  1. Go to the Personal Finance game on your computer.
  2. Finish the Computer Exercise for Lesson 16. Please respond  to the Written Questions on page 142 in a shared Google Doc with me. Use good writing skills.

GOAL: Before you leave class today you will demonstrate that you know how to buy a home.

  1. Get into the Personal Finance game on your computer.
  2. Finish working on the Computer Exercise for Lesson 17.
  3. Please respond to Written Questions 1-4 on page 152 using good writing skills in a shared Google Doc with me.

GOAL: Before you leave today you will demonstrate that you know about insurance.

  1. Get into the Personal Finance game on your computer.
  2. Open and read the handout for Lesson 19–Insurance. Be sure you can answer the written questions on page 162.
  3. Begin the Computer Exercise for Lesson 18. Please record your responses to Worksheet 1 and Questions 1-6 in a shared Google Doc with me. We will finish it next class.

GOAL: Before you leave today you will demonstrate that you know about insurance.

  1. Get into the Personal Finance game on your computer.
  2. Complete the Computer Exercise for Lesson 18.
  3. Please respond to Written  Questions 1-3 on page 162 in a shared Google Doc with me. Use good writing skills!

TODAY:

  1. Open the PERSONAL FINANCE Google Doc and re-visit your responses to the questions before you completed Module 4. In addition to the 5 pre-questions, list the criteria creditors would want to know prior to lending money. Create a spectrum of the range of credit worthiness for each category. Use the following instructions to design your survey and rubric (use Google Forms!!!):
    1. CREDIT WORTHINESS EVALUATION
      1. You are an employee of a bank. You work in the lending department. Using your understanding of the criteria that lenders and credit agencies look for in issuing credit, create a credit survey and evaluation rubric to measure the creditworthiness of a potential borrower. In designing your rubric, keep the following in mind:
        1. Record the type of information you would want to know about the potential borrower.
        2. Write out a survey questions that you would want to ask them to learn more about them.
        3. Record a grade for each question (letter or number) based on their response.
        4. Based on a summation of all individual answers and scores, evaluate the creditworthiness of potential borrower as poor, below average, average, good, or very good.
  2. TEST: Review the pre-questions at the beginning of this unit. Re-answer each of the questions using red font AFTER your initial response (do not delete your initial answer) given the knowledge your gained during this lesson.

 

FINISH:

HERE IS WHAT YOU NEED TO DO NOW:

  1. Create a brochure to help fellow teenagers understand credit cards better. Read the instructions on the rubric & get started! You may use Word or Publisher to create it. Here are some additional resources:
    1. Understanding Your Statement, The Federal Reserve http://www.federalreserve.gov/creditcard
    2. Credit Card Notes, Indiana Department of Finance http://www.in.gov/dfi/CREDIT_CARDS.doc
    3. Know Before You Owe, The Consumer Financial Protection Bureau consumerfinance.gov/credit-cards/knowbeforeyouowe
  2. This is part of your TEST for Module 3: In the PERSONAL FINANCE Google Doc, explain what you think is positive and/or negative about credit cards.

 

IMPORTANT: At the end of every class, please email me describing how far you got today and what you learned. This will be graded periodically. Use 3-5 sentences.

MODULE 9–Investing

At the completion of this module you will be able to answer the following questions:

  1. Why do people take financial risks?
  2. What is a stock, and why might stocks be a good investment?
  3. What is a mutual fund and how is it different than a stock?
  4. How are bonds different than stock? How does their risk profile differ?
  5. How can you lower your risks when it comes to investing?

Module 9 Learning Objectives:

  1. Understand that re-investment and time can increase compounding returns.
  2. Compare and contrast different retirement plan options (401k, 403b, IRAs)
  3. Describe how starting to save early can impact retirement savings.
  4. Describe the difference between key investing options (stocks, bonds, mutual funds, index funds)
  5. Explain why companies/governments typically issue stocks and bonds.
  6. Examine the trade-off between risk and return with investments.
  7. Order investing options based on their financial risk and return.
  8. Explain how diversification can help mitigate risk.
  9. Apply knowledge of financial risk to construct a diversified portfolio.

HERE IS WHAT YOU NEED TO DO NOW:

  1. Open the PERSONAL FINANCE Google Doc and answer the following questions (you will re-visit them at the conclusion of this unit):
    1. How and why to you think people choose to invest?
  2. Get the How to Invest? handout and complete it.
  3. Get into Everfi and begin Module 9.
  4. Get the Investment Portfolio Guidelines handout from your teacher. THIS IS YOUR TEST FOR THIS UNIT!!! Here are some resources you may need to use:
    1. Portfolio and Investment Guide-BYU Marriott School of Management
    2. Diversification and Risk–The Federal Reserve Bank of St. Louis

 

FINISH 9

  1. Get the How to Invest? handout and complete it.
  2. Get into Everfi and begin Module 9.
  3. Get the Investment Portfolio Guidelines handout from your teacher. THIS IS YOUR TEST FOR THIS UNIT!!! Here are some resources you may need to use:
    1. Portfolio and Investment Guide-BYU Marriott School of Management
    2. Diversification and Risk–The Federal Reserve Bank of St. Louis

 

Go to http://info.everfi.com/iflp_blogcontestsubmit.html

Enter your responses. USE GOOD WRITING SKILLS!! I can proof it before you submit it………Copy and paste your answer into your Google Doc for this class and share it with me.

Watch the second video

Play the Everfi game College version

Play the Everfi game. Post College Version

In an email message to me, list 5 questions you have to ask Nick.

 

BANK SIMULATION:

FRONT: Read pages 2-7

BACK: Read p1 & do transactions for January–DO NOT RECONCILE (last item on p2)

Watch the fourth video

FRONT: Read pages 8-11

BACK: Reconcile January’s transactions (last transaction on p2), do all monthly transactions for February–including reconciling p6 to p7

Watch the fifth video

FRONT: Read pages 12-13

Watch the sixth video (there are 14 videos)

BACK:

  1. Check the transactions for February.
  2. Do the transactions for March.
  3. Check March transactions
  4. Do the transactions for April

FRONT: Read pages 14-15

BACK:

  1. Check the transactions for April.
  2. Do the transactions for May.
  3. Check May transactions
  4. Do the transactions for June

FRONT: Read pages 15-17

BACK:

  1. Check the transactions for June.
  2. Do the transactions for July.
  3. Check July transactions
  4. Do the transactions for August

 

FINISH THE BANK SIMULATION

 

TODAY:

  1. IMPORTANT: At the end of every class, please email me describing how far you got today and what you learned. This will be graded.Goal: Before you leave class today you will know how to maneuver in Everfi’s Financial Literacy program. (Use Firefox?)
    1. Go to EVERFI and sign in with our class code: c34dabcb
    2. Do the OVERVIEW–if you have any questions–ASK!!
    3. Begin Module 1–SAVINGS by taking the Pre-Test
    4. Work on Module 1–We will continue to work on it next class.
    5. JUST AN FYI: Here are the units that will be covered this quarter–

    Module 1 – Savings

    • Simple & compound interest
    • Budget creation & categorization
    • Savings vehicles & plans

    Module 2 – Banking

    • Types of Banks
    • How the Federal Reserve System works
    • Account types (checking, savings, CDs, MMAs)
    • Using an account; Writing checks

    Module 3 – Payment Types, Interest Rates, and Credit Cards

    • Payment types
    • Credit card offers, terms & billing
    • How to manage existing debt

    Module 4 – Credit Scores

    • Credit scores & bureaus
    • Actions that raise/lower your credit score

    Module 5 – Financing Higher Education

    • Available student loan financing options
    • FAFSA application process
    • Steps of the student loan process

    Module 6 – Renting vs. Owning

    • Pros/Cons of renting and owning
    • Mortgage basics
    • Transportation and housing choices

    Module 7 – Taxes and Insurance

    • Consumer protection organizations & laws
    • How to recognize, protect, & resolve identity theft
    • Tax Forms – W-2, W-4, 1040EZ
    • Types of insurance
    • Insurance out-of-pocket costs

    Module 8 – Consumer Fraud

    • Consumer protection laws & organizations
    • How to recognize, protect & resolve identity theft

    Module 9 – Investing

    • How stocks, bonds, and mutual funds work
    • Importance of diversification
    • Understanding stock exchanges and tickers

    EverFi Life Game

    • Apply financial skills & knowledge to real-world situations at 3 levels: High School, College, and Post-College

TODAY:

IMPORTANT: At the end of every class, please email me describing how far you got today and what you learned. This will be graded.

Goal: Before you leave class today you will know how to:

Start to Save

  1. Define simple & compound interest
  2. Determine the impact of interest rate and time on total interest accrued
  3. Identify common savings vehicles (savings account, CDs, MMAs)
  4. Describe common features (liquidity, minimum balance, interest rate) of savings vehicles

Compound Interest

  1. Understand that compound interest leads to more interest over time than simple interest
  2. Describe the impact of compounding frequency on total interest accrued

Budgeting Basics

  1. Describe the purpose of a budget
  2. Describe best practices to use when making a financial plan/budget

RIGHT NOW:

  1. Go to EVERFI and sign in.
  2. Finish Module 1–SAVINGS
  3. Be sure to enter your parent’s email address when you are prompted…..EXTRA CREDIT!!!
  4. FYI: THE POST-TEST WILL GO IN MY GRADE BOOK!!!

TODAY:

  1. WHAT MOST SCHOOLS DON’T TEACH–Watch this video clip–We do this at Bellevue High School!! In Multimedia Marketing & Intro to Web Design & Web Apps & Coding!!
  2. REGISTRATION: Please consider taking the following classes next year:
    1. Multimedia Marketing–Photoshop & Moviemaker are used to create advertisements, commercials, and promotional materials.
    2. Introduction to Web Design–This is college credit. Learn how to create websites for area businesses or for yourself. Learn about graphic design.
    3. Business Computer Applications I & II–College credit.
    4. Advanced Computer Applications–College credit.
  3. Read this about Income Tax and Forms
  4. Let’s play bingo and then you can answer the questions in this handout

 

TODAY:

IMPORTANT: At the end of every class, please email me describing how far you got today and what you learned. This will be graded periodically. Use 3-5 sentences.

GOAL: At the completion of this module you will be able to answer the following questions:

  1. What are the different types of banking institutions?
  2. How is a checking account different than a savings account?
  3. How can you monitor your checking account and what are the risks of spending more money than you have?

LEARNING OBJECTIVES:

  1. Examine the different types of financial institutions
  2. Understand the characteristics of different bank types (retail vs. online vs. credit union)
  3. Introduce the structure & function of the Federal Reserve
  4. Understand some basic terms/features of accounts (liquidity, FDIC-insured, minimum balance)
  5. Know the different types of accounts (checking, MMA, savings, CD)
  6. Compare account types based on liquidity, minimum required balance, & interest rate
  7. Identify common account fees & how they can occur
  8. Know the parts/function of the check
  9. Understand how to monitor/balance your account

HERE IS WHAT YOU NEED TO DO:

  1. Create a new Google Doc & name it PERSONAL FINANCE
  2. Type today’s date and respond to the following: Do you feel it is better to keep your money in your room or in a bank? Why? What are the pro’s & con’s of each? In addition, list the names of as many banks as you can. Share the doc with me.
  3. Log in to Everfi
  4. Begin Module 2–TAKE NOTES IN THE PROGRAM!!!
  5. At the completion of Module 2, do the following in the PERSONAL FINANCE Google Doc shared with me:
    1. What might YOU look for in opening an account?
    2. What is most important to you?
    3. What should you know about a bank before opening an account?
    4. From the banks you listed, pick 2 and complete the BANK SURVEY QUESTIONS handout–get it from your teacher……….in addition to the questions on the handout, ask TWO MORE that are important to you!!! (FYI: This is not merely an assignment but an exercise in informed consumerism……Any individual choice you make should be based on knowledge of the bank and your own needs. If a bank representative treated you poorly or blew you off that is a legitimate reason for not choosing that bank. Know that by gaining this knowledge you are becoming an empowered consumer.)
  6. Part of your post test: Address the following in the PERSONAL FINANCE Google Doc using TWO well written paragraphs:
    1. The purpose of banks
    2. The TWO most popular types of banks
    3. Which type of bank account best serves your needs and why?
    4. Something you learned about banking that you feel will be useful to you in the future.

GOAL: At the completion of this module you will be able to answer the following questions:

  1. What are the different types of banking institutions?
  2. How is a checking account different than a savings account?
  3. How can you monitor your checking account and what are the risks of spending more money than you have?

LEARNING OBJECTIVES:

  1. Examine the different types of financial institutions
  2. Understand the characteristics of different bank types (retail vs. online vs. credit union)
  3. Introduce the structure & function of the Federal Reserve
  4. Understand some basic terms/features of accounts (liquidity, FDIC-insured, minimum balance)
  5. Know the different types of accounts (checking, MMA, savings, CD)
  6. Compare account types based on liquidity, minimum required balance, & interest rate
  7. Identify common account fees & how they can occur
  8. Know the parts/function of the chec
  9. Understand how to monitor/balance your account

HERE IS WHAT YOU NEED TO DO:

  1. Log in to Everfi
  2. Finish Module 2–TAKE NOTES IN THE PROGRAM!!!
  3. At the completion of Module 2, do the following in the PERSONAL FINANCE Google Doc shared with me:
    1. Type today’s date.
    2. What might YOU look for in opening an account?
    3. What is most important to you?
    4. What should you know about a bank before opening an account?
    5. From the banks you listed, pick 2 and complete the BANK SURVEY QUESTIONS handout–get it from your teacher……….in addition to the questions on the handout, ask TWO MORE that are important to you!!! (FYI: This is not merely an assignment but an exercise in informed consumerism……Any individual choice you make should be based on knowledge of the bank and your own needs. If a bank representative treated you poorly or blew you off that is a legitimate reason for not choosing that bank. Know that by gaining this knowledge you are becoming an empowered consumer.)
  4. Part of your post test: Address the following in the PERSONAL FINANCE Google Doc using TWO well written paragraphs:
    1. The purpose of banks
    2. The TWO most popular types of banks
    3. Which type of bank account best serves your needs and why?
    4. Something you learned about banking that you feel will be useful to you in the future.

TURN IN THE BANK SURVEY FROM LAST CLASS

Get your access code for the Challenge.

Enter the Finance Challenge ONLINE website and complete a 30-question, rapid-fire exam consisting of categories on Income and Money Management, Spending and Credit, and Saving and Investing. You will be given 35 minutes.

You may not utilize any outside materials or testing aids during your challenge session.

Scoring on individual tests are as follows:

  • +10 points for each correct answer
  • -5 points for each incorrect answer
  • 0 points for each unanswered question

The top five teams in each region (NW Iowa, SW Iowa, NE Iowa, SE Iowa) will be invited to compete in the State Finals.

TODAY:

IMPORTANT: At the end of every class, please email me describing how far you got today and what you learned. This will be graded periodically. Use 3-5 sentences.

MODULE 3–Payment Types

At the completion of this module you will be able to answer the following questions:

  1. What is credit, and how can it be useful to consumers?
  2. What features of a credit card do you need to research when considering a credit card?
  3. How can people make sure they are using credit cards responsibly?
  4. What is the difference between a debit card and a credit card?

Module 3 Learning Objectives:

  1. Interpret the differences in payment types, including debt cards, credit cards, pre-paid cards, cash advances, and payday loans.
  2. Understand when & when not to use different payment types.
  3. Evaluate different types of credit card fees and features.
  4. Compare credit card offers based on different scenarios.
  5. Understand how items purchased with credit can end up costing more.
  6. Understand how paying the minimum can still lead to long-term debt repayment.
  7. Use a credit card bill to answer questions about the debt repayment.

HERE IS WHAT YOU NEED TO DO NOW:

  1. Go to Everfi and begin Module 3: TAKE NOTES…….
  2. Get the Credit Card Disclosure handout from your teacher & read it. What did you think? It is extremely difficult to understand credit card disclosures. Most adults do not take the time to read these through; however, understanding them will greatly benefit you in the future.
  3. Create a brochure to help fellow teenagers understand credit cards better. Read the instructions on the rubric & get started! You may use Word or Publisher to create it. Here are some additional resources:
    1. Understanding Your Statement, The Federal Reserve http://www.federalreserve.gov/creditcard
    2. Credit Card Notes, Indiana Department of Finance http://www.in.gov/dfi/CREDIT_CARDS.doc
    3. Know Before You Owe, The Consumer Financial Protection Bureau consumerfinance.gov/credit-cards/knowbeforeyouowe
  4. This is part of your TEST for Module 3: In the PERSONAL FINANCE Google Doc, explain what you think is positive and/or negative about credit cards.

TODAY:

IMPORTANT: At the end of every class, please email me describing how far you got today and what you learned. This will be graded periodically. Use 3-5 sentences.

MODULE 3–Payment Types

At the completion of this module you will be able to answer the following questions:

  1. What is credit, and how can it be useful to consumers?
  2. What features of a credit card do you need to research when considering a credit card?
  3. How can people make sure they are using credit cards responsibly?
  4. What is the difference between a debit card and a credit card?

Module 3 Learning Objectives:

  1. Interpret the differences in payment types, including debt cards, credit cards, pre-paid cards, cash advances, and payday loans.
  2. Understand when & when not to use different payment types.
  3. Evaluate different types of credit card fees and features.
  4. Compare credit card offers based on different scenarios.
  5. Understand how items purchased with credit can end up costing more.
  6. Understand how paying the minimum can still lead to long-term debt repayment.
  7. Use a credit card bill to answer questions about the debt repayment.

HERE IS WHAT YOU NEED TO DO NOW:

  1. FINISH: Go to Everfi and begin Module 3: TAKE NOTES…….
  2. Get the Credit Card Disclosure handout from your teacher & read it. What did you think? It is extremely difficult to understand credit card disclosures. Most adults do not take the time to read these through; however, understanding them will greatly benefit you in the future.
  3. START: Create a brochure to help fellow teenagers understand credit cards better. Read the instructions on the rubric & get started! You may use Word or Publisher to create it. Here are some additional resources:
    1. Understanding Your Statement, The Federal Reserve http://www.federalreserve.gov/creditcard
    2. Credit Card Notes, Indiana Department of Finance http://www.in.gov/dfi/CREDIT_CARDS.doc
    3. Know Before You Owe, The Consumer Financial Protection Bureau consumerfinance.gov/credit-cards/knowbeforeyouowe
  4. This is part of your TEST for Module 3: In the PERSONAL FINANCE Google Doc, explain what you think is positive and/or negative about credit cards.

EVALUATE THE COURSE–BE HONEST & SPECIFIC IN YOUR OPINIONS

PRESENT

 

FINAL EXAM–In Edmodo

GRADE YOUR INSTRUCTOR
Create your own user feedback survey

LAST DAY

FINAL EXAM IN EDMODO

In a note to me in Edmodo, write a course description for this course. Write it so that students will want to take the course. Be sure to include what you learned this semester.

  1.  http://education.howthemarketworks.com/how-to-trade/how-to-trade-stocks/
    1. Under Beginning Market Concepts read #7-12
  2. Play the Game!!
  1.  http://education.howthemarketworks.com/how-to-trade/how-to-trade-stocks/
    1. Under Intermediate Market Concepts read #1-5
  2. Play the Game!!
  1.  http://education.howthemarketworks.com/how-to-trade/how-to-trade-stocks/
    1. Under Intermediate Market Concepts read #6-10
  2. Play the Game!!
  1.  http://education.howthemarketworks.com/how-to-trade/how-to-trade-stocks/
    1. Under Advanced read the first 3 articles
  2. Play the Game!!
  1.  http://education.howthemarketworks.com/how-to-trade/how-to-trade-stocks/
    1. Under Advanced read the last 3 articles
  2. Play the Game!!

Online Personal Finance Game–Mission 1–create an account. This is our class code: c4ce6f

  1. Famililarize
  2. Each mission has a common format. Here is a list of mission steps:
    1. Login and introduction, general briefing from Monique and optional tour.
    2. Mission selection from the Situation Map.
    3. Selection of operatives to form a team, then pushing Start Mission button.
    4. Profile Match questions (a handful of preliminary questions).
    5. Mission briefing from Monique, with opportunity to view the Player’s Guide.
    6. Working through tutorial information (“4-1-1,” as Monique refers to it), gaining points and knowledge.
    7. Answering credibility questions from other members of the team, gaining points and knowledge.
    8. Answering of Battle questions, gaining points and knowledge.
    9. Mission solution (final chance to win points). Notice that each mission has self-contained points and scoring. Scores are only kept within missions, not across missions.

By the end of this mission you will be able to (you will be asked to WRITE about these at the completion of Mission 1!):

  1. Explain and apply the principle of compound interest.
  2. Explain why an early start is important to lifetime financial success.
  3. Explain why long-term investors do not have to worry about moving money around but
  4. instead “buy and hold.
  5. Explain why long-term investors do not have to worry about picking ‘hot’ assets but
  6. instead diversify their holdings.
  7. Explain why it is important to take advantage of employers’ matching employee
  8. retirement contributions.

Mission objectives

Angela needs to understand the three most important principles of wealth building:

  1. Start early
  2. Buy and hold
  3. Diversify

At the completion of Mission 1, login to your Google Account and complete the following: You are long term investor. You work for Principal Financial. In a Google Doc, compose a letter to a potential client explaining the importance of long-term investments. Be sure to mention something about each of the following:

  1. Explain the difference between compound interest and simple interest.
  2. Explain why an early start is important to lifetime financial success.
  3. Explain why long-term investors do not have to worry about moving money around but
  4. instead “buy and hold”.
  5. Explain why long-term investors do not have to worry about picking ‘hot’ assets but
  6. instead diversify their holdings.
  7. Explain why it is important to take advantage of employers’ matching employee retirement contributions.

Online Personal Finance Game–Mission 1–start

  1.  REVIEW:
    1. Each mission has a common format. Here is a list of mission steps:
      1. Login and introduction, general briefing from Monique and optional tour.
      2. Mission selection from the Situation Map.
      3. Selection of operatives to form a team, then pushing Start Mission button.
      4. Profile Match questions (a handful of preliminary questions).
      5. Mission briefing from Monique, with opportunity to view the Player’s Guide.
      6. Working through tutorial information (“4-1-1,” as Monique refers to it), gaining points and knowledge.
      7. Answering credibility questions from other members of the team, gaining points and knowledge.
      8. Answering of Battle questions, gaining points and knowledge.
      9. Mission solution (final chance to win points). Notice that each mission has self-contained points and scoring. Scores are only kept within missions, not across missions.

By the end of this mission you will be able to (you will be asked to WRITE about these at the completion of Mission 1!):

  1. Explain and apply the principle of compound interest.
  2. Explain why an early start is important to lifetime financial success.
  3. Explain why long-term investors do not have to worry about moving money around but
  4. instead “buy and hold.
  5. Explain why long-term investors do not have to worry about picking ‘hot’ assets but
  6. instead diversify their holdings.
  7. Explain why it is important to take advantage of employers’ matching employee
  8. retirement contributions.

Mission objectives

Angela needs to understand the three most important principles of wealth building:

  1. Start early
  2. Buy and hold
  3. Diversify

At the completion of Mission 1, login to your Google Account and complete the following: You are long term investor. You work for Principal Financial. In a Google Doc, compose a letter to a potential client explaining the importance of long-term investments. Be sure to mention something about each of the following:

  1. Explain the difference between compound interest and simple interest.
  2. Explain why an early start is important to lifetime financial success.
  3. Explain why long-term investors do not have to worry about moving money around but
  4. instead “buy and hold”.
  5. Explain why long-term investors do not have to worry about picking ‘hot’ assets but
  6. instead diversify their holdings.
  7. Explain why it is important to take advantage of employers’ matching employee retirement contributions.

Online Personal Finance Game–Mission 1–FINISH

IF TIME PERMITS, CHECK JMC AND GET ALL MAKE UP WORK COMPLETED!!

Mission 2: Help Veronica choose a tentative career

By the end of Mission 2 you will know (be prepared to write about each of the following at the completion of this mission):

  1. Explain the concept of human capital.
  2. Recognize the importance of investing in human capital.
  3. Identify a tentative career area.
  4. Use Occupational Outlook Handbook information to identify what an occupation career is like, the education requirements, and the typical salary.
  5. Identify occupations that match a given set of skills, abilities, and interests.

Mission objectives

To complete the mission, help Veronica:

  1. Analyze her career inventory
  2. Use the results of the career inventory to identify a tentative career cluster
  3. Research three specific careers within the cluster
  4. Help Veronica make a tentative career choice

After Mission 2, in a Google Doc, write a letter to your parents and share it with me. Be sure to include the following:

  1. Identify a tentative career area.
  2. Use Occupational Outlook Handbook information to identify what an occupation career is like, the education requirements, and the typical salary.
  3. Find a college in Iowa AND out of Iowa that you could attend in order to get a degree to work in this field. How much is college at both in state and out of state schools?

Finish Mission 2

After Mission 2, in a Google Doc, write a letter to your parents and share it with me. Be sure to include the following:

  1. Identify a tentative career area.
  2. Use Occupational Outlook Handbook information to identify what an occupation career
    is like, the education requirements, and the typical salary.
  3. Find a college in Iowa AND out of Iowa that you could attend in order to get a degree to work in this field. How much is college at both in state and out of state schools?

Mission 3: Help Matt decide whether to continue formal education after he graduates from high school

By the end of Misson 3 you will know how to:

  1. Understand and apply the concept of human capital.
  2. Explain that human capital is related to education choices, career choices, opportunities,
  3. and income.
  4. Define and give examples of opportunity cost.
  5. Weigh the costs and benefits of a choice to make an informed decision.

Mission objectives

To complete the mission, help Matt:

  1. Understand the concept of human capital
  2. Consider his current set of human capital and what knowledge and skills he may need to acquire to meet his goals
  3. Consider the differences in wages for various levels of educational attainment (calculate lifetime high school vs. college)
  4. Decide on an appropriate plan for Matt after high school, considering the costs and benefits of his potential choices

After Mission 3, in a Google Doc, write a letter to your parents and share it with me. Be sure to include the following:

  1. Identify a career
  2. Evaluate your current set of human capital and what knowledge and skills you need to acquire this chosen career.
  3. What wages can you expect to make if you proceed into this chosen career?
  4. What wages can you expect to make if you do not further your human capital beyond high school?
  5. What is an appropriate plan for you after high school–be sure to consider costs & benefits of your choice.

 

Finish Mission 3

After Mission 3, in a Google Doc, write a letter to your parents and share it with me. Be sure to include the following:

  1. Identify a career
  2. Evaluate your current set of human capital and what knowledge and skills you need to acquire this chosen career.
  3. What wages can you expect to make if you proceed into this chosen career?
  4. What wages can you expect to make if you do not further your human capital beyond high school?
  5. What is an appropriate plan for you after high school–be sure to consider costs & benefits of your choice.

Mission 4: Help the O’Neils save $300 a month for a down payment on a home

At the completion of Mission 4 you will know how to:

  1. Recognize that setting financial goals can help people be successful at saving.
  2. Recognize that in order to accomplish their financial goals, people have to spend less
  3. than they receive.
  4. Identify a simple way – examination of an online check register – to estimate family
  5. expenditures and develop a family budget.
  6. Identify ways of saving by keeping income “out of sight as a way to start saving.

Mission objectives

To complete this mission, help the O’Neils:

  1. Set a financial goal of saving for a down payment on a house
  2. Examine their online checking account record and place the amount of each withdrawal
  3. into one of 8 categories
  4. Calculate a total percent of spending in each category
  5. Identify the categories in which they can reduce spending
  6. Revise their budget to save $300 a month
  7. Identify the best way to put the money they save out of sight

Based on what you learn in Mission 4–create a monthly budget for yourself. The more detailed you are the more points you will earn. Create this in a Google Doc (I would use a Google Spreadsheet) and share it with me.

 

Finish Mission 3

After Mission 3, in a Google Doc, write a letter to your parents and share it with me. Be sure to include the following:

  1. Identify a career
  2. Evaluate your current set of human capital and what knowledge and skills you need to acquire this chosen career.
  3. What wages can you expect to make if you proceed into this chosen career?
  4. What wages can you expect to make if you do not further your human capital beyond high school?
  5. What is an appropriate plan for you after high school–be sure to consider costs & benefits of your choice.

Mission 4: Help the O’Neils save $300 a month for a down payment on a home

At the completion of Mission 4 you will know how to:

  1. Recognize that setting financial goals can help people be successful at saving.
  2. Recognize that in order to accomplish their financial goals, people have to spend less
  3. than they receive.
  4. Identify a simple way – examination of an online check register – to estimate family
  5. expenditures and develop a family budget.
  6. Identify ways of saving by keeping income “out of sight as a way to start saving.

Mission objectives

To complete this mission, help the O’Neils:

  1. Set a financial goal of saving for a down payment on a house
  2. Examine their online checking account record and place the amount of each withdrawal
  3. into one of 8 categories
  4. Calculate a total percent of spending in each category
  5. Identify the categories in which they can reduce spending
  6. Revise their budget to save $300 a month
  7. Identify the best way to put the money they save out of sight

Based on what you learn in Mission 4–create a monthly budget for yourself. The more detailed you are the more points you will earn. Create this in a Google Doc (I would use a Google Spreadsheet) and share it with me.

Finish Mission 4

Based on what you learn in Mission 4–create a monthly budget for yourself. The more detailed you are the more points you will earn. Create this in a Google Doc (I would use a Google Spreadsheet) and share it with me.

Mission 5: Teach Justin about credit

At the completion of this mission you will be able to:

  1. Calculate interest payments, minimum balances, and the cost of credit.
  2. Develop and apply criteria for determining when the use of credit is appropriate.
  3. Explain the damage to a credit score that results from missing payments.
  4. Explain the various costs, including annual fees and finance charges, found on credit card statements.

Mission objectives

To complete this mission, help Justin:

  1. Develop a plan to pay off his credit card debt
  2. Identify advantages and disadvantages to using credit
  3. Identify three criteria to apply when deciding to use credit in future purchasing situations
  4. Practice applying the three criteria to purchasing decisions he might encounter in the future

In a Google Doc, share with me the answers to the following questions. BE THOROUGH!!!

  1. Identify advantages and disadvantages to using credit
  2. Identify three criteria to apply when deciding to use credit in future purchasing situations

Finish Mission 5

In a Google Doc, share with me the answers to the following questions. BE THOROUGH!!!

  1. Identify advantages and disadvantages to using credit
  2. Identify three criteria to apply when deciding to use credit in future purchasing situations

TEST NEXT CLASS OVER MISSIONS 1-5

REVIEW YOUR WRITING ASSIGNMENTS AND PAST LESSON PLANS

REVIEW for the first 15 minutes of class.

TAKE THE TEST OVER MISSIONS 1-5. The test is in Edmodo. CLOSE EVERYTHING!! The only program that should be running is Internet Explorer and the only tab that should be up is EDMODO!!!!

MAKE UP WORK–PLEASE TURN IN EVERYTHING TODAY!!!!

REVIEW for the first 15 minutes of class.

TAKE THE TEST OVER MISSIONS 1-5. The test is in Edmodo. CLOSE EVERYTHING!! The only program that should be running is Internet Explorer and the only tab that should be up is EDMODO!!!!

MAKE UP WORK–PLEASE TURN IN EVERYTHING TODAY!!!!

Mission 6: Advise Kai on how to invest his grandmother’s $10,000

At the completion of this mission you will know how to:

1. Explain the costs and benefits of saving.

2. Show why a goal with tangible short-term costs and less tangible long-term benefits may be harder to achieve.

3. Describe the relationship between risk and return across asset categories.

4. Choose an appropriate investment vehicle for someone with a specified time horizon and risk tolerance.

Mission objectives

To complete this mission, help Kai understand:

1. Why people don’t do what they should do

2. The alternative asset vehicles

3. The trade-off between risk and return

4. The importance of time horizon

5. Recommend an appropriate investment for his grandmother’s $10,000.

  1. Complete mission 6. In a Google Doc, tell me what you learned from Mission 6. Be sure to address the objectives mentioned in last class’ lesson plan.If you failed the mission, be sure to explain why you failed the mission and what you could have done differently. The more descriptive you are, the more points you will earn. This is a TEST grade!!!
  2. Mission 7: Convince Paul, Fred and Diana to reconsider their choice of financial institution. At the completion of this lesson you will know how to:1. Identify the types of alternative financial institutions, such as check-cashing stores, rent-to-own stores, and payday lenders.2. Recognize the advantages and disadvantages of using alternative financial institutions.3. Recognize the advantages and disadvantages of using mainstream financial institutions.
  3. Mission objectives: To complete this mission:
    1. Help Paul, Fred and Diana with some basic information about alternative financial institutions
    2. Present the advantages and disadvantages of each alternative financial institution
    3. Help your contacts calculate the cost of using alternative financial institutions
    4. Guide them to choose less expensive ways to meet their financial need
  1. Complete mission 6. In a Google Doc, tell me what you learned from Mission 6. Be sure to address the objectives mentioned in last class’ lesson plan.If you failed the mission, be sure to explain why you failed the mission and what you could have done differently. The more descriptive you are, the more points you will earn. This is a TEST grade!!!
  1. Complete Mission 7
  2. In a Google Doc, tell me what you learned from Mission 7. Be sure to address the objectives mentioned in last class’ lesson plan. Be sure to tell me how you can use what you learned in this mission in your life, either now or in the future. USE GOOD GRAMMAR & MECHANICS!! Here are the objectives from Mission 7 that need to be addressed:
    1. Compare & contrast alternative financial institutions with mainstream financial institutions.
  1. Complete Mission 7
  2. In a Google Doc, tell me what you learned from Mission 7. Be sure to address the objectives mentioned in last class’ lesson plan. Be sure to tell me how you can use what you learned in this mission in your life, either now or in the future. USE GOOD GRAMMAR & MECHANICS!! Here are the objectives from Mission 7 that need to be addressed:
    1. Compare & contrast alternative financial institutions with mainstream financial institutions.

Mission 8

Mission objectives

To be successful in this mission you must:

1. Help Uncle Louie understand the basics of investing in stocks

2. Teach Uncle Louie about the advantages and disadvantages of owning stocks

3. Show Uncle Louie how to read a stock table

4. Guide Uncle Louie in using the stock table to pick stocks to meet various investment criteria

Learning objectives

1. Define stock, dividend, stockholder, savings, income.

2. Understand why corporations issue stock.

3. Understand why people buy stock.

4. Identify the main advantages and disadvantages to owning stock.

5. Understand the risks of stock and ways that stockholders can reduce these risks.

6. Read stock tables presented in a newspaper or online

In a Google Doc, tell me what you learned from Mission 8. Be sure to address the objectives mentioned in last class’ lesson plan. Be sure to tell me how you can use what you learned in this mission in your life, either now or in the future.

Mission 9

Mission objectives

To be successful in this mission you must:

1. Help Tyrone and Felicia understand the basics of investing in bonds

2. Teach Tyrone and Felicia about the advantages and disadvantages of owning bonds

3. Help them understand the relationship between bond ratings, default risk, and rate of
return

4. Show Tyrone and Felicia how to read a bond table

Learning objectives

1. Explain what a bond is and how bonds are used by corporations and governments.

2. Define face value, coupon rate, and maturity date.

3. Understand the difference between coupon bonds and zero coupon bonds.

4. Identify advantages and disadvantages of owning bonds.

5. Identify the relationship between a bond’s rating, default risk, and rate of return

Finish Mission 9

In a Google Doc, write an article for a financial institution’s (like Prudential) monthly newsletter to help your customers understand the relationship between bond ratings, default risk, and rate of
return. You will score higher if you show your understanding of the terms in your article. Use the internet or review Mission 9 to help you.

Start Mission 10

Mission objectives

To be successful in this mission you must:

1. Teach them the basics of investing in mutual funds

2. Help them understand the advantages and disadvantages of investing in mutual funds

3. Show the club members how to read a mutual fund table from a newspaper or online

Learning objectives

1. Explain how mutual funds work.

2. Identify advantages and disadvantages of investing in mutual funds.

3. Define terms associated with mutual funds.

4. Read a mutual fund table presented in a newspaper or online.

Finish Mission 10

THERE WILL BE A TEST OVER MISSIONS 6, 7, 8, 9, and 10 NEXT CLASS!!

In a Google Doc, tell me what you learned from Mission 10. Be sure to address the objectives mentioned in last class’ lesson plan. Be sure to tell me how you can use what you learned in this mission in your life, either now or in the future

TEST

Start Mission 11

Mission objectives

To be successful in this mission you must advise the donor on:

1. Why investment necessarily takes place under conditions of incomplete information

2. Why above-average returns are unlikely over the long run

3. How fundamental analysts try to select promising stocks using share price, P/E ratio,
annual revenue, and earnings per share

4. Features of the various types of assets

5. A portfolio of assets, with a 20-year time horizon and moderate risk

Learning objectives

1. Explain why investment takes place under conditions of incomplete information.

2. Explain why it is difficult to choose investments that have extremely high returns.

3. Show the influence of stock price, price/earnings ratio, annual revenue and earnings per
share on stock selection.

4. Choose an appropriate portfolio for someone with a specified time horizon and risk
tolerance.

Complete Mission 11

In a Google Doc, share with me and at least 1 other classmate at least 5 web sites that help people play the stock market and/or show stock prices and rating.

Start Mission 12

Mission objectives

To be successful in this mission you must help Jasmine:

1. Understand the laws of supply and demand regarding stocks

2. Consider the types of events that influence the supply and demand for stocks

3. Examine the stocks in her client‟s portfolio and make decisions about which ones to buy
and sell based on information she receives.

Learning objectives

1. Explain that the price of a stock is determined in a market.

2. Understand that the interaction of supply and demand for a stock determines its price.

3. List some factors that affect the supply and demand for a stock.

Complete Mission 12

In a Google Doc, compose a letter to a classmate who is not in this class, explaining the following:

1. Understand the laws of supply and demand regarding stocks

2. Consider the types of events that influence the supply and demand for stocks

Start Mission 13

Mission objectives

To be successful in this mission you must help Markos:

1. Understand how monetary policy affects stock prices

2. Identify the role that monetary policy played before and after the 1929, 1987 and 2008
crashes

3. Recognize the risks that occur when investors ignore advice to diversify their portfolio

4. Review the scholarship fund portfolio to identify the asset category that crashed, and then
take appropriate action to weather the crash

Learning objectives

1. Explain how monetary policy affects stock prices.

2. Explain the stock market crash of 1929 and why it was followed by a depression.

3. Explain the stock market crash of 1987 and why it was followed by a recovery of asset
prices.

4. Explain the real estate bubble of 2005-2007 and how it led to the 2008 crash of stock
market prices.

5. Explain the risks that occur when an investor ignores the advice to “diversify” and instead
concentrates assets in a “hot sector.”

6. React appropriately to a marked reduction in the value of one sector in a portfolio.

 

Complete Mission 13

In a Google Doc, using complete sentences, summarize each of the following:

1. Identify the role that monetary policy played before and after the 1929, 1987 and 2008 crashes

2. Recognize the risks that occur when investors ignore advice to diversify their portfolio

Start Mission 14

Mission objectives

To be successful in this mission you must advise the political leaders on:

1. The phases of a business cycle

2. The links between the stock market and the economy

3. How leading indicators may show the future direction of the economy

4. Their economic forecast, given underlying current conditions in their country’s economy

Learning objectives

1. Describe the phases of a typical business cycle.

2. Explain how changes in the stock market may affect the overall economy.

3. Explain how the Federal Reserve’s regulation of the money supply and banking may
affect the overall economy.

4. Use stock prices and other leading economic indicators to forecast real GDP, inflation,
and unemployment

 

 

Complete Mission 14

In a Google Doc, explain how leading indicators may show the future direction of the economy

Begin Mission 15

Mission objectives

To be successful in this mission you must:

1. Explain to the participants the four types of risk involved in saving and investing

2. Explain the approach to financial planning you will use

3. Ask each participant eight questions to help you understand their financial goals and
current situation

4. Develop a financial plan for each participant

Learning objectives

1. Describe the four types of risk involved in saving and investing.

2. Use a five-step decision making process to evaluate investment choices.

3. Identify eight questions individuals should consider when seeking investment advice.

4. Examine the investment needs of people in different financial situations and make
appropriate recommendations.

 

Complete Mission 15

In a Google Doc,

1. Explain the four types of risk involved in saving and investing

2. Explain the approach to financial planning you will use

REVIEW–Get into the other class for the GenIRevolution game and review all missions.

MISSION ONLINE GAME

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