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Personal Finance. 8 Life Time Decisions. How many of you…. Are planning on going to college? Already know what you want to do for your first career? Already have a skill you can make money with?. How many of you…. Plan to get a regular paying job in high school? - PowerPoint PPT Presentation
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Personal Finance8 Life Time Decisions
How many of you…•Are planning on going to college?•Already know what you want to do for
your first career?•Already have a skill you can make money
with?
How many of you…•Plan to get a regular paying job in high
school?•Plan to get a regular paying job while
going to college?
How many of you…•Have a credit card?•Have a debit card?•Have a checking account?•Have a savings account?
How many of you…•Are hoping to buy a car in the next couple
of years?•Will be expected to help pay for use of a
car in the next couple of years?▫Insurance?▫Gas?
How much money do you think you’ll get in your first job?•$ per year or per month?•Hourly rate?
OPPORTUNITY COSTWhat does this mean?
Goal of this class•To explore a lot of these types of decisions
you’ll be meeting in the next few years •Talk with people who you would deal with
to make those decisions, •And give you a better idea of what’s
involved when you get there.
Types of decisions (order is still a bit uncertain)1. Careers2. Handling money3. Loans / credit cards4. Insurance5. Buying a car6. Renting an apartment or a condo7. Taxes8. Financial Planning
Format of each unit•Discussion•Field trip or speaker•Discussion•A week off
•Some homework▫It won’t be graded▫It will be expected to be done to help with
class discussion
Communication•Email me if you’re not coming:
▫[email protected]•Google Group:
▫[email protected]•Outline/references/PowerPoints:
▫http://personalfinance2011.wikispaces.com
CAREER CHOICE
Career vs job philosophy•What’s the difference?•Which one sounds more appealing to you?•Which one do you think your parents
have?
How would you decide a career or a job?•Long term goals?
How would you decide a career or a job?•Personality fit?
How would you decide a career or a job?•Education?
How would you decide a career or a job?•Your passion?
How would you decide a career or a job?•Job progression?
What jobs pay well? •Unusual jobs that pay well?
▫http://www.job-interview-site.com/unusual-jobs-that-pay-well-unusual-high-paying-careers.html
▫Top paying jobs:▫http://www.careerinfonet.org/oview5.asp?L
evel=Overall
Fast Food Salaries•$29,000 per year
▫Hourly? 50 weeks, 40 hours/week = $10/hour
▫Is that enough?
•Pick a job title and find out how much they pay▫http://www.simplyhired.com/a/salary/search
/q-lawn+care
CAREER EXPLORATIONSBy Interest Levels
http://driveofyourlife.com
Sign in (outside Indiana)School: homeschool
Teacher: Linda Whipker
Cool Off Topic TIP“Snipping Tool”
3 letter code describing what your top 3 traits are according to the way you answered the questions.
Mine: SIQ (structured, influential, questioning)
Homework•Drive of Your Life
▫Do the questionnaire – email me by Wed noon: Your 3 letter code 5 careers (what they chose or add one or two
that you liked better Career name, Salary, Education
▫Think about: Good fit?
Homework Part 2• Talk to your parents
▫Why did they choose to do what they’re doing now (your Mom AND your Dad)
▫How often did their primary “career” change from the time they were teens until now?
▫Do they consider their current occupation a “career” or a “job”? (Good description of the differences: http://www.diffen.com/difference/Career_vs_Job )
▫For the first major career/job they had, what were their motivations for choosing it?
Next and following weeks•Speaker: Sally Curry
Career coach
•Resumes, brochures, etc.