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Thinks s/he gets paid by the post
All-
I have my meeting with vocational school tomorrow. Below is the 2 page list of topics
3 categories
1) Classroom discussion topics. Depending on length of course, and how many hours per day, this list shrinks
2) Problems to solve. These are the types of questions the students should be able to answer when completing class.
3) Outside resources- this is a list of places students can go for further information.
If you see other points to add, feel free. I plan to spend a decent amount of time focusing on these topics
1) Budgeting
2) compound interest (both with debts and with savings- same concept)
3) rates of return and interest rates on debt (calculating them and seeing tax implications)
4) income taxes (basics)
5) risks (like interest rate risk, inflation risk, market risk) to point out NOTHING is risk free.
Special thanks to all which replied, I went through each post as I built that final list.
I have my meeting with vocational school tomorrow. Below is the 2 page list of topics
3 categories
1) Classroom discussion topics. Depending on length of course, and how many hours per day, this list shrinks
2) Problems to solve. These are the types of questions the students should be able to answer when completing class.
3) Outside resources- this is a list of places students can go for further information.
Subjects to cover
1) Income- sources like W-2 vs 1099 and the pros and cons of each
2) Budgeting
3) Emergency fund
4) debt management
5) financing things vs paying cash
6) investing (buy something which goes up in value)
7) knowing risks
8) investing in the stock market and bond market
9) Compound Interest
10) Asset allocation while investing
11) retirement and financial independence
12) Income taxes (personal income taxes)
13) the impact of investing on taxes (IRAs and similar)
14) small business (s corps, LLC and similar and how they impact all of the above)
15) Calculating interest rates and rates of return
16) Financial fraud and contracts (like cell phones and other services with a contract)
17) Banks vs credit unions vs other financial institutions (like brokerages)
18) Flexible spending accounts and Health Savings Accounts
19) Car Insurance (Liability vs deductable vs collision)
20) Credit Scores
21) Life insurance
22) Inflation
23) Net worth
24) Social Security, 1099, cash based business
Problems to solve at various points in the course:
1) pay down mortgage or invest
2) which debt to pay off first
3) how much money will I have after X amount of time
4) How do I open an account
5) How much will a payday loan cost, and what is the interest rate being charged?
6) How much does a tax refund loan cost?
7) Setting financial goals
8) Buying a car and negotiating prices
9) How to open a 401k
10) How to open an IRA
11) How to roll an old 401k into an IRA
12) Roth Conversions
Online materials for course
FDIC: Money Smart - A Financial Education Program
Covers
1) Banks
2) Borrowing
3) Check it out (Checking accounts)
4) Money Matters (tracking money)
5) Pay yourself first (how to save)
6) Keep it safe (consumer rights)
7) To your credit (credit history)
8) Charge it right (make credit card work for you)
9) Loan to own (how to borrow)
10) Your own home (home ownership)
Planning & Research - T. Rowe Price
Covers
1) Investing 101 (how investing works)
2) Asset Allocation
3) Retirement Planning
4) College Planning
5) Tax Planning
6) Estate Planning
7) Publications and Videos (opinions on financial markets)
8) Research and Analysis
9) T Rowe Price insights (T Rowe Price fund managers commentary)
10) Charitable giving
11) Tools and Resources
If you see other points to add, feel free. I plan to spend a decent amount of time focusing on these topics
1) Budgeting
2) compound interest (both with debts and with savings- same concept)
3) rates of return and interest rates on debt (calculating them and seeing tax implications)
4) income taxes (basics)
5) risks (like interest rate risk, inflation risk, market risk) to point out NOTHING is risk free.
Special thanks to all which replied, I went through each post as I built that final list.