Welcome to Money Matters

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Presentation transcript:

Welcome to Money Matters Introduction – SJSU Game $$$ Bus 12 – Money Matters R. Okumoto

SJSU Game Bucks August 30, 2010

Game Overview - Learning Objectives - Budgeting Concepts Learn Manage a Budget Types of Investments Build Wealth & Destroy Wealth Rules of your Financial World Working together in teams: to manage a “pretent” but thorough budget to plan and respond to life’s “curve balls” to select & track investments Budgeting is Trade-offs – you will hear me refer to this often Individually: Participate and contribute to the team decisions Learn concepts of: Budget management Investment risk How to build wealth Risks in life – curve balls Bus 12 – Money Matters R. Okumoto

Game Objectives - Definition of “YOU WIN” - Save Money Build Wealth No Credit Card Debt Budgeting starts with forming a goal – the goal could be: Saving for the down payment on a house Saving for a new car Saving for emergencies The Goal of the Game is to position you to: Be able to save money for emergencies & investing Pay of credit card debt Begin building wealth Bus 12 – Money Matters R. Okumoto

Game Objectives - Definition of “YOU LOSE” - Borrow money Destroy Wealth Credit Card Debt Bus 12 – Money Matters R. Okumoto

Game Boards - Your Tools - Monthly Budget Monthly Personal Financial Statement Bus 12 – Money Matters R. Okumoto

Game Action - Students - #1 - Agree on Lifestyle = Budget #2 - Select Investment Options – Risk vs Return #3 - Life’s 1st Curve Ball #4 - Life’s 2nd Curve Ball #5 - Life’s 3rd Curve Ball #6 - Life’s 4th Curve Ball #7 - Team Talk #1 – defining your lifestyle will entail understanding the benefits and possible drawbacks of your spending #2 – the investment options presented will provide insight into: a) What is the basic language of investing b) What are some of the basic investment types c) Basic principals of investing: > Risk versus reward > Spreading risk – MPT > Catastrophic events can happen – Black Swan #7 – Learn by sharing: reflective and projected Bus 12 – Money Matters R. Okumoto

Team Talk - Students - Slide #1 - Budgeting, Insurance & Life Style Slide #2 - Savings & Investing Slide #3 - Life’s Curve Balls Slide #4 - Personalized Course Placard Slide #5 - What you learned about Teamwork The slide formats will be provided – you provide your knowledge and your insight as to what you learned during the game Bus 12 – Money Matters R. Okumoto

Welcome to Money Matters Let’s talk MONEY ! End of this Class All of you Bus 12 – Money Matters R. Okumoto