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
Sketch: Astronauts Earn Interest
Lessons in Saving & Investing
Lesson
Whats Up with the Stock Market?
What Students Learn
-
Learn the weird, abbreviated language of the stock market, and the difference between a bull and bear market.
Lesson
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!
Lesson
Saving and Investing for Your Future
What Students Learn
-
Start a savings plan early in life, and discover how to evaluate different investment options.
Lesson
Take it to the Bank
What Students Learn
-
Learn the difference between banks, credit unions and other financial institutions, and which one is right for you.
Lesson
What to do with a Windfall?
What Students Learn
-
A financial windfall! Now what? Evaluate investment alternatives based on time, risk, and rate of return.
Lesson
How to turn $100 into $1,000,000
What Students Learn
-
Develop your MDM (Million Dollar Mindset), maximize saving strategies, and get the best return on your investments.
