Resume Wizard - Colorado FFA
Junior and Senior level Ag Bus. | |Colorado Agriscience Curriculum
|Section: |Advanced Agribusiness |
|Unit: |Personal Financial Planning |
|Lesson Title: |Personal Investments |
|Colorado Ag Education Standards| |
|and Competencies |AGB11/12.03 - The student will be able to formulate and analyze financial records and use the information for|
| |evaluation and planning. |
| | |
| |Understand credit risks. |
| | |
| |Understand sources of credit. |
| | |
| |Calculate cost of credit. |
| | |
|Colorado Model Content |Math Standard 1: Students develop number sense and use numbers and number relationships in problem-solving |
|Standard(s): |situations and communicate the reasoning used in solving these problems. |
| | |
| |Math Standard 6: Students link concepts and procedures as they develop and use computational techniques, |
| |including estimation, mental arithmetic, paper-and-pencil, calculators, and computers, in problem-solving |
| |situations and communicate the reasoning used in solving these problems. |
| | |
| |English Standard 1: Students read and understand a variety of materials. |
|Student Learning Objectives: |Upon completion of this unit The student will: |
| |1. Identify reasons for savings and investments |
| |Identify investment alternatives |
| |Identify strategies for savings and investing |
| |50 minutes |
|Resource(s): |If at all possible have and investment representative come to your class as a guest speaker |
| |Agribusiness Decisions and Dollars, Elliot 1999 Delmar |
| | |
| |Introduction to Agribusiness, Ricketts and Rawliins 2001 Delmar |
|Instructions, Tools, Equipment,|Italicized words are instructions to the teacher; normal style text is suggested script. |
|and Supplies: |Notebook, pens. Projector, Whiteboard, |
|Interest Approach: |How many of you want to be millionaires? Boy, do I have a deal for you. Each of you is great horse shoer. |
| |I am going to give you a scenario and you will have the next 5 minutes to complete the assignment. Students |
| |should calculate how many horses they would have to shoe to become millionaires. Students will charge 1 cent |
| |for the 1st horseshoe nail and the price of nails doubles every time. We can assume that each horse needs 4 |
| |horseshoes and each horseshoe requires 7 nails. Give students 5 minutes to complete the task then ask one or |
| |2 to put their answers on the board. Now that you have seen how fast money can compound, let’s take a look |
| |at some important reasons for you to start investing now. |
|Objective 1: |IDENTIFY REASONS TO INVEST |
| |There are many reasons for students to think about saving and investing. It is very important that you start |
| |saving and investing at a young age so you can take advantage of the power of compound interest. Who can |
| |think of good reasons to save and invest? Illicit responses from students PowerPoint slide 1 & 2. As you can |
| |see from the slide there are several reasons we should save and invest. Education expenses, down payments on |
| |house, cars, toys , Business start up costs, preparing for retirement and having money for emergencies are |
| |all good reasons to start saving and investing . |
|Objective 2: |Identify investment alternatives |
| |There are many investment alternatives available today. All the investment types have varying levels of risk |
| |return and liquidity. Some of the investment types are as follows: |
| |Savings accounts are very low risk , very low return, very liquid |
| |Certificates of Deposit are very low risk, very low return, somewhat liquid |
| |Money Market Accounts are low risk ,low return, somewhat liquid |
| |Real estate is medium to high risk , not liquid, variable return |
| |Municipal bonds are somewhat low risk, medium potential for return, liquid after maturity |
| |Mutual funds medium risk medium to high potential for return, somewhat liquid |
| |Tax deferred annuities variable risk .and return |
| |Stocks medium to high risk, high potential for return, somewhat liquid |
| | |
|Objective 3 |Identify strategies for investing |
| |Strategy #1 |
| |$2000 a year for 6 year plan |
| |This is a very simple plan to simply invest $2000 a year for 6 years and then let the time value of money |
| |take over. If you invested $2000 a year for 6 years and received 12% your investment would be worth $32,036 |
| |After 10 years; $99,499 After 20 years; $309,028 After 30 years and $1,348,440 at age 65 |
| |Strategy #2 |
| |$25 plus $10 plan starts when you get your first job after college. Begin the first year by investing $25 |
| |dollars a month into a Tax deferred annuity, 401k, or 403b. Every year you are employed you raise your |
| |monthly contribution $10. Year 2 would be $35 every month, year 3 $45 every month year 5 $55 every month etc.|
| |The longer you work generally the more money you make so the increase of 10 per year is easily absorbed. If |
| |this plan is started at age 22 and 12% interest is received for the life of the loan than at age 65 you would|
| |have accumulated $1,830,000!! |
| |Problem #1 |
| |What would happen if we would invest $2000 a year for 6 years and then invest $25 plus ten? |
|Review/Summary: |Eye witness news moment. |
|Application--Extended Classroom|Have students do research on one of the many mutual funds available today. |
|Activity: |Have students write a short research paper on a Mutual fund of their choice. |
|Application--FFA Activity: |Join the Farm and Ranch Management CDE team. |
|Application--SAE Activity: |Have students figure how much they could make if they took 25% of their profits from their SAE and invested |
| |it at 10%. |
|Evaluation: |Students should write a page on The importance of Savings and investments. |
|Evaluation Answer Key: |Teacher discrepancy. |
|Other: | |
Savings and Investments Worksheet
Name ________________________________________ Date__________________________________
1. When and why should you start investing? _________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________
2. Briefly explain the rule of 72 and give an example. _______________________________________________________________________________________________________________________________________________________________________________________________________________________________________
3. Identify investment alternatives and their liquidity and risk level. ______________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________
4. List and describe some strategies to get rich. ____________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________
5. What are 6 keys to investing wisely? ______________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________
6. What would happen if we would invest $2000 a year for 6 years and then invest $25 a month plus $10 for every year you worked after that? _______________________________________________________________________________________________________________________________________________________________________________________________________________________________________
................
................
In order to avoid copyright disputes, this page is only a partial summary.
To fulfill the demand for quickly locating and searching documents.
It is intelligent file search solution for home and business.
Related searches
- zacks research wizard pricing
- zacks research wizard review
- zacks research wizard subscription cost
- zacks research wizard pricing 2016
- research wizard reviews 2017
- zacks research wizard cost
- zacks research wizard price
- zacks research wizard review 2018
- research wizard reviews
- programs zacks research wizard 4.0
- resume wizard for windows 10
- resume wizard google