4/27/124/27/12

BR- What is an I.P.O.BR- What is an I.P.O.

BRBR1. How much do high school students 1. How much do high school students

know about personal finance and know about personal finance and economics?economics?

2.2. Is there payoff for learning personal Is there payoff for learning personal finance?finance?

3.3. Why did some rich athletes go Why did some rich athletes go broke?broke?

Correct AnswersCorrect Answers

On two major national tests, the On two major national tests, the average score was an F.average score was an F.

Yes, it can make you wealthier.Yes, it can make you wealthier.

There are more reasons for that; one There are more reasons for that; one of them is that they didn’t have of them is that they didn’t have personal finance in high school.personal finance in high school.

Rich Athletes Who Went BrokeRich Athletes Who Went Broke

According to According to Sport Illustrated, Sport Illustrated, about about 78% of former NFL players are broke 78% of former NFL players are broke or financially stressed after or financially stressed after retirement, and 60% of former NBA retirement, and 60% of former NBA players go broke five years after players go broke five years after retiring.retiring.

Raghib “Rocket” Ismael Raghib “Rocket” Ismael He played two He played two years in Canada years in Canada and 10 in the NFL .and 10 in the NFL .

Estimated Estimated lifetime lifetime earnings: $20 earnings: $20 Million.Million.

Evander Holyfield Evander Holyfield 4-time 4-time Heavyweight Heavyweight Champion of the Champion of the WorldWorldEstimated Estimated lifetime lifetime earnings: $250 earnings: $250 millionmillion

Lawrence Taylor Lawrence Taylor New York Giants New York Giants MVPMVP

Estimated Estimated lifetime lifetime earnings: $50 earnings: $50 millionmillion

Darren McCarty Darren McCarty Stanley Cup Stanley Cup winner, 11-year winner, 11-year Detroit Red Wings Detroit Red Wings playerplayerEstimated Estimated lifetime lifetime earnings: $10 earnings: $10 millionmillion

Darren McCarty Darren McCarty

Travis Henry Travis Henry Starting running Starting running back for the back for the Buffalo Bills, Pro Buffalo Bills, Pro Bowl selectionBowl selectionEstimated Estimated lifetime lifetime earnings: $20 earnings: $20 millionmillion

John Arne Riis John Arne Riis Estimated Estimated lifetime lifetime earnings: $20+ earnings: $20+ millionmillion

Scottie Pippen Scottie Pippen 6 NBA 6 NBA championships championships with Michael with Michael Jordan, forward for Jordan, forward for the Chicago Bullsthe Chicago BullsEstimated Estimated lifetime lifetime earnings: $120 earnings: $120 MillionMillion

Grace Groner Grace Groner

Grace purchased $180 Grace purchased $180 stock in Abbott stock in Abbott Laboratories, where she Laboratories, where she worked as secretary for 43 worked as secretary for 43 years –  and, thanks to her years –  and, thanks to her frugal lifestyle and frugal lifestyle and thoughtful investing, she thoughtful investing, she build a $7-million-dollar build a $7-million-dollar fortune. fortune.  She left her entire estate She left her entire estate to Lake Forest College.to Lake Forest College.

The Millionaire GameThe Millionaire Game

Listen to the rules of the gameListen to the rules of the game

1.1.

1. Answer1. Answer

Q-2Q-2

A-2A-2

Q-3Q-3

A-3A-3

Q-4Q-4

A-4A-4

Q-5Q-5

A-5A-5

Q-6Q-6

A-6A-6

Q-7Q-7

A-7A-7

Q-8Q-8

A-8A-8

Q-9Q-9

A-9A-9

Q-10Q-10

A-10A-10

Q-11Q-11

A-11A-11

Q-12Q-12

A-12A-12

Q-13Q-13

A-13A-13

Q-14Q-14

A-14A-14

Q-15Q-15

A-15A-15

Rules of Improving Your Financial Rules of Improving Your Financial LifeLife

HWHW

Write a brief essay about how to Write a brief essay about how to become a millionaire.become a millionaire.