You’re in the Money!. You have won $1million  Name the Five most significant things you would do with it.

Slides:



Advertisements
Similar presentations
Simple Interest I =Prt I = Interest P = Principle r = rate t = time
Advertisements

Simple Interest Math 8. Simple Interest Can be interest gained (earned) or interest paid Interest paid- costs you money * loans * credit cards Interest.
Simple Interest 7th Grade Math.
Imple Interest. (Don’t write this slide – you will see it again) 1) You REALLY want to buy this car. It costs $15,000. You decide to get a five year loan.
Building Your Savings. Importance of Saving Money Short-Term: –Emergency cushion: experts recommend 3-6 months worth of living expenses –Short Term goals:
1 5.3 ANNUITY.  Define ordinary and simple annuity  Find the future and present value  Find the regular periodic payment  Find the interest 2.
Pre-Algebra 8-7 More Applications of Percents Warm-up Pink handout #11-14 Turn in pink handout.
Notes 31 Simple Interest 6-6.
Saving and Investing 10. Saving and Investing Saving Savings are that part of our income that we do not spend. 10.
How to Make the Most of Your Tax Refund! Robin Seemann-AFC, Director Economics, Education & Empowerment Program.
Savings & Loans Check answers to the HW.. Savings for Drew The Carters plan to send the two boys to Drew, their college alma mater, so they have started.
Mr. Chapman Information Processing 10.  Now that you are entering your senior years of high school, it is important that you start to think about what.
Present Value and Loans Mat 112. Now, let’s withdraw.
Management 3 Quantitative Methods The Time Value of Money A Practical Conclusion.
Group #4 House in P.V. vs. House in Diamond Bar Jeffery Small - Organizer Jon Lerdsuwanrut - Secretary David Lopez - Techie David Wong - Techie.
+ Guaranteed Investment Certificate GIC A GIC is a savings certificate sold by the banks A GIC guarantees a fixed interest rate (whereas interest rates.
Q3: Ms. Rigsby made a $40,000 down payment on a $165,000 house and took out a 20 year mortgage (at 6% compounded monthly) on the balance. How much will.
 IRA = Investment Retirement Account  Savings plan opened by yourself  You pick your investments: bonds, stocks, etc. What would your IRA be made up.
Taxes © 2013 Created by Sally Camden ~ The Reflective Educator ~
$100 $200 $300 $400 $100 $200 $300 $400 $100 $200 $300 $400 $100 $200 $300 $400 $100 $200 $300 $400.
Vocabulary. Section 9.1 Vocabulary Pre-tax dollars: Deposit into a retirement account before taxes have been taken out of your paycheck. This lowers your.
Financial Management Project Your name here. I work at: ______________________ I am a _____________________ at ________________________ and make $ _________.
Becoming a Millionaire: Savings and Investments. 2 Starting a Savings Plan.
National Association of Black Accountants, Inc. Savings M ney $ense.
Millionaires Who Give Money Away.  When you started your small business as an entrepreneur, you had big dreams, hopes and goals (and you still do!).
Financial Literacy 101 Todd Jorns
Loans and Investments Lesson 1.5.
Financial Literacy 101 Todd Jorns
 What large purchases or expenditures do you foresee in your future?  How are you preparing to make these purchases a reality?
My Future As I Know It Jennifer Smith 8 th Grade End of the Year Budgeting Project.
Using Percents Part 2.
It is becoming more and more important for people in every country, of all ages, to learn about sustainability. At the moment the way we live is often.
I went to the store to buy a house and it cost: $35,000 It was on Sale Discount 40% off.
Applications of Exponential Functions. Objectives To solve real-life application problems using the properties of exponents and exponential functions.
SESSION 3: FINANCIAL GOAL SETTING, SPENDING, AND CREDIT TALKING POINTS on SETTING & ACHIEVING FINANCIAL GOALS FINANCIAL GOAL SETTING, SPENDING, AND CREDIT.
By: Jacob Blume. Thesis Buying Local has Many Benefits Stimulates the local economy Provides local jobs Increased sense of community Helps prevent pollution.
Rating Your Credit and Help for Credit Problems. What is your credit score? A score that tells everyone if you are a good risk Credit bureaus sell credit.
Beach house On the water Lots of windows Pool Hot Tub.
What has happened? Couple received a 20% raise What has happened? Couple received a 20% raise They have paid off the car.
Financial Literacy 101 Todd Jorns
PERSONAL FINANCE Financial planning for individuals. Generally, it involves analyzing your current financial position, predicting short-term and long-term.
Do Now 1)How do people pay their bills once they retire and stop working? 2) Why should we talk about retirement in high school?
What is something that you would like to save money for?
Future Value of an Ordinary Simple Annuity Annuity - Series of equal payments or deposits earning compound interest and made at regular intervals over.
Credit and Debt. The basic idea You want money (say to buy a house) You go to the bank to borrow some They agree to give you money, but only if you pay.
Business and Personal Finance
Developing a Spending Plan (Location) (Date). Develoing a Spending Plan What we’ll talk about today Setting Goals Identifying Income Identifying Expenses.
My Future As I Know It Jennifer Smith 8 th Grade End of the Year Budgeting Project.
Budgeting – Your Goals. the budgeting process phase 1: Assess your personal and financial situation (needs, values, life situation). phase 1: Assess your.
Wealth Creation For All INSERT PRESENTER INFORMATION HERE (Name, Title, Firm)
Saving and Investing. To save or not to save, that is the question.
Citizens and The Economy. How do we contribute to the economic common good?? Be productive!!! What does this mean???
A item is marked 25% off and then you are given an additional discount of 10%. What will you pay? Are receiving a total of 35% off? Explain why or why.
Simple Interest 6.7. Simple Interest The money earned on a savings account or an investment. It can also be money you par for borrowing money.
The Art of budgeting.  What is the dumbest thing I have done with my money and what did I learn from it?
4/29/2008 Saving versus Investing. Saving Money stored away for a short term goal; usually in a savings account at a bank. This account has SMALL interest.
STEPS TO FINANCIAL INDEPENDENCE AS YOUNG ADULTS
8.E.1.3 Explain how quality of life is impacted by personal financial choices (e.g. credit, savings, investing, borrowing and giving). The student will.
SAVING and INVESTING to achieve your financial goals or HOW MONEY WORKS.
FINANCE Personal Financial Planning. What we will discuss  How to create a financial plan  How to develop your financial goals  How to evaluate the.
Budgeting. Questions to Consider What is a budget? How does it work? How can it help you? How do taxes and other payroll deductions affect your paycheck?
If I had a million dollars project By: piper Stephenson pm class.
Preparing Lifelong Learning Personal Finance:.  Imagine you are 25 years old describe your life. - What is your job? - Where do you live? - What do you.
EARNED INCOME #1 WHERE DO PEOPLE RECEIVE MONEY?  Working  Investments  Government transfer payments.
1 Your MONEY and YOU 2 3 What’s a BRESEE Bank???
Warm-up What is 35 increased by 8%? What is the percent of decrease from 144 to 120? What is 1500 decreased by 75%? What is the percent of increase from.
Biblical Approach to Financial Freedom Elder Wil Gipson I Belong to You.
CTE – FACS Competency List: Task * Why Set Goals? CTE – FACS Competency List: Task
Choose your own financial adventure By :Gwendolyn Jones.
HOME BUYING CASE STUDY JOHN BERKA. 49 years old wife passed away a few years ago Lives in a bigger home worth owes Car payment ,
Presentation transcript:

You’re in the Money!

You have won $1million  Name the Five most significant things you would do with it.

Give yourself 1 point for each of the following on your list  Pay off your mortgage/debts  Retire from work  Give some to your children/family  Buy cars, household goods  Go on an extended holiday  Extend House/ add a pool etc  Move to a bigger house  Buy investment properties  Invest the money

Give Yourself 2 points for each of the following on your list  Give it all away  Give a sizeable amount to charities /church groups which serve the poor  Give it to environmental groups  Use it to do good for the community/ world/planet  Buy land for environmental preservation  Explore ways to use it to help save the planet

How did you score?  5?  5-10?  10?