I'm sorry I'm not able to be here today. This is your assignment to work on in class today. Complete it and share it with me by the end of class We will present some on Friday. You'll be creating a Google Presentation starting with a car you can afford by saving up for some months. If you don't have a car find one starting at about $2,000. If you have one already start with the one you have and find out how much it's worth. Then take a monthly payment you'd be comfortable with and pay yourself each month. Do that for 10 months, sell that car put the amount you saved for 10 months and buy yourself another car. You do that for about 5-6 years and you have your car you've been dreaming of! Then you cont. to pay yourself but in a mutual fund earmarked for car purchases and you pull from it every 5 years and use the interest return from it for the rest of your life for the purchases of your cars! See the video link: https://www.youtube.com/watch?v=xcw4IqvGfpE I am posting an example and the description of the assignment below:
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Warm Up: Business Competition
Video 2.2 Truth About Car Loans Assignment: True Cost of Ownership https://www.edmunds.com/tco.html Collect Homework
Business Competition review Financial Myths Watch video 1.2 Discuss journal question and read sidebar on pg. 78-80 Students will write in their journal the differences between secured and unsecured loans Share examples in class Watch video 2.1 Complete: Hidden Cost of Credit Introduce Ch. 4 “Debt”
https://www.youtube.com/playlist?list=PLaTpcXY1wge-I-3l6Q_GLee3J3uIJmfN5 Using terms in the workbook and additional ones I give, students will write a script for a telemarketer that is trying to get a customer to apply for his/her credit card. Video 1.1 and Journal Question Read- Devastating Effects of Credit pg.77 Students will research a news article relating to the devastating effects of credit card use and share in class |
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