Welcome to Money Matters
The purpose of this course is to introduce you to personal and business finance and to teach you how to handle money. You will learn key concepts of personal financial planning and business planning. All course materials and assignments will be located on this website.
It is highly critical you pay attention and attend all classes. If you do not learn how to handle money, the lack of it will handle you.
Here is the Course Guidelines and Procedures Money Matters
Missed class or weren’t paying attention? Come here for help.
1st Six Weeks – 2nd Trimester – Assignments and Tasks
Monday, Monday February 29, 2016 Assignment**About Me Google Form – Due Thursday, March 03, 2016, should be submitted by 4:30PM Central Time
Wednesday March 2nd, 2016 – Business Essay – 3/4 to 1 1/2 page on notebook paper – Write about a time you had a good or bad experience at or with a business.
Friday, March 4th, 2016 – Shark Tank Case Study – Answer in Socrative or on paper
Monday, March 7th, 2016
Chapter 1 – Dave Ramsey – Why Personal Finance?
Complete Questions – Chapter 1 in Socrative (or on paper if you do not have technology). Due Wednesday, March 9th, 2016
**Read over this article, Economics for the Citizen by Dr. Walter E. Williams, to prepare you for class discussion and lecture for the next 3 weeks of class March 21 – April 8th. We will cover the entire article.
***There will be quizzes over each part and a unit test over this information.***
Tuesday, March 22, 2016 – Quiz**Quiz 1 – Part 1 and 2 of Economics for the Citizen – Socrative. http://www.socrative.com choose student; Socrative Classroom – EversMHS
Tuesday, April 5, 2016 – Quiz 2 – Part 3 and 4 of Economics for the Citizen
Assignment – Article Reading and Videos – Read over this article regarding”Venezuela’s Future? Barbarity and People Looting”.
Econ for the Citizen Unit Notes
Thursday, April 7, 2016 – Test**Unit Test Econ for the Citizen Notes parts 1-6 for the Citizen
2nd Six Weeks – 2nd Trimester – Assignments and Tasks
Monday, April 18, 2016 – In your journal, answer the questions based on your opinion, How much money does it take to be rich? How do people become rich? What do rich people look like? Read this article – Has your opinion changed?
There are two ways you can register for your contest.
1. Click the following link:
2. Register and Join:
Register at howthemarketworks.com and once you log-in, you can go to Join Contests, and look up your contest: Manor2016 via the search bar. Password is: mustangs
***Lesson One – Introduction to the US Equity Markets (Stocks)***
Friday, April 29, 2016 – Quiz over Intro to Stock Markets
– Socrative based.
Missed it? Schedule a time with Mr. Evers to take it
Steps for getting started investing
- Use a discount broker online, like Charles Schwab, TD Ameritrade or Fidelity. These companies offer online access 24/7, discount trades on stocks, and provide phone support to help you. They also have lists of commission free ETFs (Exchange Traded Funds) to help you save money on fees during your early years investing. Once you get over $10,000 in an account Mutual Funds and other investment options might be more useful. Mr Evers prefers Schwab for great customer service and TD Ameritrade for great trading tools (Think or Swim is awesome).
- Choose a Broad-Market or Large Cap S&P 500 type Commission Free ETF to invest in. Look for one with a low expense ratio and make sure it is commission free. Remember, when you are starting out you need to avoid fees and commission so they do not hurt your returns. SCHB (Schwab U.S. Broad Market) and SCHX (Schwab U.S. Large Cap) are good beginner ETFs with low expense ratios. I also like the Guggenheim S&P 500 Equal Weight ETF, ticker RSP, because it gives an investor diversity and a balanced investment. If you open a TD Ameritrade account the free ETF options are different. IVV or iShares Core S&P 500, VTI or Vanguard Total Stock Market Index, and VUG or Vanguard Growth Index Fund are all decent beginner ETFs.
- Invest a set amount with each paycheck. Remember you want to Give to a charity first, Save second, and then spend the left overs. Be consistent and don’t stop! Do $50, $100, or even $200 each time you get paid. Each time you add money to your brokerage account, buy as many shares as your cash allows. Keep doing it every paycheck.
- If the market drops, DO NOT panic! Keep buying! If you went shopping and your favorite shoes were 50% off, you wouldn’t take your shoes off and try to sell them would you? No, you’d buy more shoes. Same with investments.
- Once your account hits $50,000, find Mr. Evers and take him to lunch! Once you get to $1,000,000 find Mr. Evers and take him to Disney World! Once you get to $10,000,000 find Mr. Evers and buy him a Corvette. 😉
Foundations in Personal Finance Unit – The Keys to Winning with Money
- Giving – With a clinched fist money can’t escape your grasp, and no new money can flow through you. Generosity changes your world and takes away greed in your heart. Where you put your money, is what you will care about.
- Emergency Fund – Save $1000 in a baby fund; then 3-6 months of your total expenses once you leave home (Typically $6,000-$15,000 depending on your spending).
- Budgeting – If you do not tell your money what to do, the lack of it will tell you what to do!
- Paying Cash for College – You want to do good in college? Work and pay cash for each class. You will work your butt off and make sure to get your money’s worth out of it.
- Paying Cash for a Car – Buy a decent, low mileage used car and drive it till it can’t drive anymore.
- Buying a House (or renting) – Put 20% down, no more than a 15 year loan, payments less than 25% of your pay. (Same for renting too. Rent should be less than 25% of your take home pay. )
Winning with money is simple, yet it is difficult for most people. You can do it!
Each lesson has a Socrative assignment due at the end. Be sure you are completing them. See Mr. Evers for details.