fold your paper hot dog style
DESCRIPTION
“ Poor people see a dollar as a dollar to trade something they want right now. Rich people see every dollar as a ‘seed’ that can be planted to earn a hundred more dollars…then replanted to earn a thousand more dollars.” pg 4. Picture. Investing. Saving. Fold Your paper Hot dog style. - PowerPoint PPT PresentationTRANSCRIPT
“Poor people see a dollar as a dollar to trade something they want right now. Rich people see every dollar as a ‘seed’ that can be planted to earn a hundred more dollars…then replanted to earn a thousand more dollars.” pg 4
FOLD
YOUR PA
PER
HOT DOG ST
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By: Your Name Period____
Picture
Investing
Saving
Compounding
Asset
Liability
Know Want to Know LearnedI know……BlahBlahBlahBlahWords I think of when I hear Investing are:BlahBlahBlahBlah
About….. Blah blah blah Or ask a question
Why ……..
Is it true that………..
If you invest your $ on A box of brownie mix for $1• Then Bake the brownies and cut
them into 10 big squares.• Sell them for .50 Cents each• You turned your $1 into $5.00 • You just made your money grow!
Investing = page 6
• Investing is buying something with the expectation that it will make money for you.
High Risk
But…What if You Go Shopping on Black Friday
• You see this great deal – The Real Deal NorthFace Jackets --- $20 each.
• You buy 10 of them for a total of $200 thinking you can sell them easily and make your money grow , but…what if they the sizes and colors are not what your friends like and they are non returnable…
• You will have invested in something that did not yet make your money grow and risked a lot of money $.
Investing and Risk
• Risk = taking chances. • Normally the more Risk the higher the chance of
a big pay off.• Example: Buying Stocks in a new company that is
growing fast may turn you into a millionaire, but could also flop!
• More than likely you won’t use all of your savings knowing you could lose it all!
Saving page 6
Is depositing your money into a financial institution for safe keeping to earn interest.
No Risk
Compounding page 15• http://www.investopedia.com/video/p
lay/what-is-compound-interest/
Earning Interest on Interest
Assets VS. LiabilitiesAssets is an item of value that can be converted to cash. (puts money into your pocketLiability is something owed to another person (takes money out of pocket) pg 17