Saving & Investing — Lesson 406

How to Make a Million Bucks

Students go through a compound interest exerice and develop charts to illustrate the power of saving young and often.

What Students Learn

  • You don't need to save a million, only enough so that it grows into a million
  • The power of compound interest
  • To become a millionaire you need to work, spend less than you make, and save

Suggested Time

  • Preview and Episode Viewing: 45 minutes
  • Activity 1: 30-45 minutes

Lessons in Saving & Investing

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How to Make a Million Bucks

What Students Learn

  • If you start early and save often, the power of compound interest can make you millions!
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What Students Learn

  • Start a savings plan early in life, and discover how to evaluate different investment options.
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  • Learn the difference between banks, credit unions and other financial institutions, and which one is right for you.
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What Students Learn

  • A financial windfall! Now what? Evaluate investment alternatives based on time, risk, and rate of return.
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What Students Learn

  • Develop your MDM (Million Dollar Mindset), maximize saving strategies, and get the best return on your investments.