J-Term- Personal Finance
Tuesday
On Tuesday, the first day, we mainly focused on getting everything started. During the course of this J-Term, we will be following an Investopedia stock game, finance books (Your Money or Your Life and Why Didn't They Teach me this in School) and 'The Game of Life". The Game Of Life follows our expenses and income as we predict our money spending habits into the future. The Investopdia game is more straight forward, as it is trading stocks in order to turn a profit. We started with $100,000 and began to research stocks that we wanted to invest in. It turns out investing in 15,000 shares of one stock in not the smartest of ideas. I was lucky enough to sell in time before I lost too much, but now my strategy is different. We learned different strategies on how to invest and many of us have an account value over what we started with. Great success! We also had a quick seminar on 12 smart life lessons that were taught in "Why Didn't They Teach Me This In School?". This book was helpful because it is not full of boring and useless things and is straight forward. A few students gave their topic presentations: Andreas, Persi and myself. Andreas gave a presentation on debt and how to stay out of it. In the case we did get in debt, he gave us strategies to overcome the situation. Persi talked about banks and their different types. By telling us about different types of banks, she shared recommendations on what banks we would use for certain savings accounts. My presentation was pretty awesome. I talked about Credit Cards and what they are and how they can be dangerous. I am sure that the class learned a ton about credit cards from the presentation.
The future is looking bright for this J-term!
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