1. Get Ready to Take Charge of Your Finances Does Money Grow on Trees?

2. 2.1.1.G1 © Family Economics & Financial Education – Revised April 2011– Get Ready to Take Charge of Your Finances – Does Money Grow on Trees? – Slide 2 Funded by a grant from Take Charge America, Inc. to the Norton School of Family and Consumer Sciences at the University of Arizona Where Does Money Come From? Working Gifts Allowance Bonus Interest Fundraising Scholarships Borrowing

3. 2.1.1.G1 © Family Economics & Financial Education – Revised April 2011– Get Ready to Take Charge of Your Finances – Does Money Grow on Trees? – Slide 3 Funded by a grant from Take Charge America, Inc. to the Norton School of Family and Consumer Sciences at the University of Arizona Working Most common form of earning money Work for pay at various jobs and occupations

4. 2.1.1.G1 © Family Economics & Financial Education – Revised April 2011– Get Ready to Take Charge of Your Finances – Does Money Grow on Trees? – Slide 4 Funded by a grant from Take Charge America, Inc. to the Norton School of Family and Consumer Sciences at the University of Arizona What is a Job? A specific task done as a part of the routine of ones occupation Examples: – Stocking shelves at a grocery store – Taking a patients blood pressure – Teaching students how to add numbers

5. 2.1.1.G1 © Family Economics & Financial Education – Revised April 2011– Get Ready to Take Charge of Your Finances – Does Money Grow on Trees? – Slide 5 Funded by a grant from Take Charge America, Inc. to the Norton School of Family and Consumer Sciences at the University of Arizona What is an Occupation? A wide category of jobs with similar characteristics What other jobs fall under the occupation or umbrella of a teacher? Job Teacher Tutoring in an after school program Leading a youth group Teaching a math lesson

6. 2.1.1.G1 © Family Economics & Financial Education – Revised April 2011– Get Ready to Take Charge of Your Finances – Does Money Grow on Trees? – Slide 6 Funded by a grant from Take Charge America, Inc. to the Norton School of Family and Consumer Sciences at the University of Arizona Mind Mapping Jobs Occupation Electrician Meeting with clients Wiring a new house

7. 2.1.1.G1 © Family Economics & Financial Education – Revised April 2011– Get Ready to Take Charge of Your Finances – Does Money Grow on Trees? – Slide 7 Funded by a grant from Take Charge America, Inc. to the Norton School of Family and Consumer Sciences at the University of Arizona Your Turn! Jobs Occupation

8. 2.1.1.G1 © Family Economics & Financial Education – Revised April 2011– Get Ready to Take Charge of Your Finances – Does Money Grow on Trees? – Slide 8 Funded by a grant from Take Charge America, Inc. to the Norton School of Family and Consumer Sciences at the University of Arizona What is a Career? A lifetime journey of building and making good use of your skills, knowledge, and experiences Many different factors influence and help build a persons career Career Jobs Occupations

9. 2.1.1.G1 © Family Economics & Financial Education – Revised April 2011– Get Ready to Take Charge of Your Finances – Does Money Grow on Trees? – Slide 9 Funded by a grant from Take Charge America, Inc. to the Norton School of Family and Consumer Sciences at the University of Arizona Human Capital Process of self-investment – Working – Going to school – Volunteering Self-investment is crucial to building a career Identify one form of self-investment that you have completed. Career Jobs Occupations Human Capital

10. 2.1.1.G1 © Family Economics & Financial Education – Revised April 2011– Get Ready to Take Charge of Your Finances – Does Money Grow on Trees? – Slide 10 Funded by a grant from Take Charge America, Inc. to the Norton School of Family and Consumer Sciences at the University of Arizona Transferable Skills Skills acquired through the process of self- investing – Ability to follow orders – Organization – Ability to communicate clearly Lead to future career success What are two transferable skills you have acquired? Career Jobs Occupations Human Capital Transferable Skills

11. 2.1.1.G1 © Family Economics & Financial Education – Revised April 2011– Get Ready to Take Charge of Your Finances – Does Money Grow on Trees? – Slide 11 Funded by a grant from Take Charge America, Inc. to the Norton School of Family and Consumer Sciences at the University of Arizona Career What other factors could influence a career? How are you currently building your career? Jobs Occupations Human Capital Transferable Skills Education Family/ Friends Leisure Activities These factors work together to create a career

12. 2.1.1.G1 © Family Economics & Financial Education – Revised April 2011– Get Ready to Take Charge of Your Finances – Does Money Grow on Trees? – Slide 12 Funded by a grant from Take Charge America, Inc. to the Norton School of Family and Consumer Sciences at the University of Arizona A Day in the Life of Bill… Carefully read the story about a typical day in the life of Bill Use the information to answer the questions that follow Are there any questions?

13. 2.1.1.G1 © Family Economics & Financial Education – Revised April 2011– Get Ready to Take Charge of Your Finances – Does Money Grow on Trees? – Slide 13 Funded by a grant from Take Charge America, Inc. to the Norton School of Family and Consumer Sciences at the University of Arizona Why would a person want to build their career? Building a career Self- investment (gaining education, skills, experiences) Opportunity to earn more money Build your career to earn money!

14. 2.1.1.G1 © Family Economics & Financial Education – Revised April 2011– Get Ready to Take Charge of Your Finances – Does Money Grow on Trees? – Slide 14 Funded by a grant from Take Charge America, Inc. to the Norton School of Family and Consumer Sciences at the University of Arizona Standard of Living If you desire a higher standard of living, then consider expanding your career by self-investing! Earning more money Opportunity to live at standard of living desired Minimum necessities, comforts, or luxuries thought to be essential

15. 2.1.1.G1 © Family Economics & Financial Education – Revised April 2011– Get Ready to Take Charge of Your Finances – Does Money Grow on Trees? – Slide 15 Funded by a grant from Take Charge America, Inc. to the Norton School of Family and Consumer Sciences at the University of Arizona Education Matters Form of self-investment Increases career, occupation, and job opportunities Generally: Education Income Earning Ability

16. 2.1.1.G1 © Family Economics & Financial Education – Revised April 2011– Get Ready to Take Charge of Your Finances – Does Money Grow on Trees? – Slide 16 Funded by a grant from Take Charge America, Inc. to the Norton School of Family and Consumer Sciences at the University of Arizona Education Matters Which education level has the opportunity to earn the highest income? Education level U.S. median income for each education level (2009) Examples of occupations that require each education level housekeeper, cashier$23,608 bus driver, home health aide $32,552 $36,348 cosmetologist, fitness instructor High school graduate Vocational training- no degree Not high school graduate

17. 2.1.1.G1 © Family Economics & Financial Education – Revised April 2011– Get Ready to Take Charge of Your Finances – Does Money Grow on Trees? – Slide 17 Funded by a grant from Take Charge America, Inc. to the Norton School of Family and Consumer Sciences at the University of Arizona Education Matters (cont.) Education level U.S. median income for each education level (2009) Examples of occupations that require each education level 2-Year degree (Associate Degree) 4-Year Degree (Bachelors Degree) Masters Degree Professional or Doctorate Degree paralegal, dental hygienist teacher, engineer, accountant physical therapist, psychologist $39,572 $53,300 $65,364 $79,664 attorney, physician, veterinarian

18. 2.1.1.G1 © Family Economics & Financial Education – Revised April 2011– Get Ready to Take Charge of Your Finances – Does Money Grow on Trees? – Slide 18 Funded by a grant from Take Charge America, Inc. to the Norton School of Family and Consumer Sciences at the University of Arizona Education vs. Income Tower Activity Goal: Build the tallest free-standing tower using only the given supplies. Challenge: Each group has a different education level with certain skills/limitations. – High School dropout – High School graduate – Associate degree – Bachelors degree – Doctorate degree Solution: Work together and good luck!

19. 2.1.1.G1 © Family Economics & Financial Education – Revised April 2011– Get Ready to Take Charge of Your Finances – Does Money Grow on Trees? – Slide 19 Funded by a grant from Take Charge America, Inc. to the Norton School of Family and Consumer Sciences at the University of Arizona Education vs. Income Tower Activity Directions High School Dropout – Can use one hand only, the other must be kept behind their back and all communication must be done nonverbally High School Graduate – Can use one hand only and the other must be kept behind their back Associate degree – Have full use of their hands but all communication must be done nonverbally Bachelors degree – Have full use of their hands but the team must designate one person only who can talk; others must communicate nonverbally Doctorate degree – Have no limitations

20. 2.1.1.G1 © Family Economics & Financial Education – Revised April 2011– Get Ready to Take Charge of Your Finances – Does Money Grow on Trees? – Slide 20 Funded by a grant from Take Charge America, Inc. to the Norton School of Family and Consumer Sciences at the University of Arizona Education vs. Income Tower Activity Discussion Which group had to work the hardest to build the tower? Why? Why were some groups more successful than others? How did the education level relate to the degree of the assigned limitations? How might a person get the skills needed for the opportunity to add to their occupational level and earn a higher income?

21. 2.1.1.G1 © Family Economics & Financial Education – Revised April 2011– Get Ready to Take Charge of Your Finances – Does Money Grow on Trees? – Slide 21 Funded by a grant from Take Charge America, Inc. to the Norton School of Family and Consumer Sciences at the University of Arizona Build your career for overall well-being! Well-being - state of being happy, healthy and prosperous Because people spend a large amount of their life working for pay Well-being is affected by a persons career

22. 2.1.1.G1 © Family Economics & Financial Education – Revised April 2011– Get Ready to Take Charge of Your Finances – Does Money Grow on Trees? – Slide 22 Funded by a grant from Take Charge America, Inc. to the Norton School of Family and Consumer Sciences at the University of Arizona What else would motivate a person to self-invest and build a career? Satisfaction from building and improving skills and knowledge What would motivate you to self-invest and build your career?

23. 2.1.1.G1 © Family Economics & Financial Education – Revised April 2011– Get Ready to Take Charge of Your Finances – Does Money Grow on Trees? – Slide 23 Funded by a grant from Take Charge America, Inc. to the Norton School of Family and Consumer Sciences at the University of Arizona How will you create money on your tree? Fertilize Your Future! Begin self-investing and building your career now! – Reach the standard of living you desire – Ensure you are completing the jobs and occupations you desire = high level of well-being

24. 2.1.1.G1 © Family Economics & Financial Education – Revised April 2011– Get Ready to Take Charge of Your Finances – Does Money Grow on Trees? – Slide 24 Funded by a grant from Take Charge America, Inc. to the Norton School of Family and Consumer Sciences at the University of Arizona What do you want to be when you grow up? What standard of living do you desire? What income level do you desire? What education level are you willing to obtain? Where do you want to live? The answers to these questions may help you determine how to self-invest!