Helping young people learn to think, choose, and make bette
71K - views

Helping young people learn to think, choose, and make bette

Similar presentations


Download Presentation

Helping young people learn to think, choose, and make bette




Download Presentation - The PPT/PDF document "Helping young people learn to think, cho..." is the property of its rightful owner. Permission is granted to download and print the materials on this web site for personal, non-commercial use only, and to display it on your personal computer provided you do not modify the materials and that you retain all copyright notices contained in the materials. By downloading content from our website, you accept the terms of this agreement.



Presentation on theme: "Helping young people learn to think, choose, and make bette"— Presentation transcript:

Slide1

Helping young people learn to think, choose, and make better

economic and financial choices in a global economy

Cindy Manzano

Director of Smarter Texas1801 Allen Parkway Houston, TX 77019C: 713.503.5338F: 713.655.1655cindy@economicstexas.org

www.economicstexas.orgwww.smartertexas.org

1

Slide2

The TCEE programs are made possible by the following TCEE partners.

copyDR

.

EnviroChem

Services, Inc.

Trout Foundation

John Anderson

Less B. Fox

RBC Wealth Management

Slide3

TCEE Grade 7 Lesson 4

Know Your Worth

3

Slide4

The student is expected to:

Math 7.13C: create and organize a financial assets and liabilities record and construct a net worth statement

4

Slide5

Engage

What does it mean to be wealthy?

5

Slide6

6

Slide7

7

Slide8

Net worth is the value of what you own minus what you owe.  $30,000

8

Slide9

Activity 7.4-1a

Work in pairs.Use the Activity 7.4-1a sheet and the blue and yellow cards to determine each families net worth.

9

Slide10

10

Slide11

Check for Understanding

What would cause a person to have a negative net worth?What would cause a family to have a positive net worth? Why is it important to have a positive net worth? Other than net worth, what other criteria might a financial institution consider before lending money?

11

Slide12

Chalkboard Splash

What could Family B do to increase their net worth?

12

Slide13

Budget or Net Worth?

Budget is a tool used day to day to make sure your expenses don’t exceed your income. To determine if you are getting out of debt or if you are increasing your wealth, one needs to analyze their net worth.

13

Slide14

Calculate Your Net Worth While Budgeting to Maintain Perspective by Eric Ravenscraft

“An increase in net worth meant that I was unquestionably spending less than what I earned, which is the key to personal finance success. An increase in net worth meant that all of the hard day-to-day choices I was making were actually adding up to something big.” “It was exhilarating. Each time I calculated that number, I could clearly see the impact that my choices were having even if they weren't really evident in my day-to-day life.”

14

Slide15

15

Slide16

Closing

Many people try to reach the American Dream by purchasing everything they want. What are the consequences for buying everything you want?Assign the students to write a letter explaining how assets and liabilities are used to create a net worth statement. Include the reason why a family should know their net worth and steps a family could take to change their net worth value.

16