A Character and Leadership Development Program Learning Objectives Use Dave’s 7 Baby Steps...

A Character and LeadershipDevelopment Program

Learning Objectives

Use Dave’s 7 Baby Steps

Describe reasons for saving and investing

Explain

Describe how time, money, and rate of interest relate to meeting specific financial goals

Describe effect of investing saving from giving up soda

Describe basic investment principles

Describe various savings and investments alternatives

You classify your investment choices as income investment or growth investment

• Income investment: A type of mutual fund that emphasizes current income, either on a monthly or quarterly basis, as opposed to capital appreciation.

• Growth investment: A diversified portfolio of stocks that has capital appreciation as its primary goal, with little or no dividend payouts.

You balance the diversity of your portfolio

• In finance, diversification means reducing non-systematic risk by investing in a variety of assets

http://www.daveramsey.com/specials/welcome?ectid=gaw.daveramsey-brand1&gclid=CKKYzMPBk8ICFWIA7AodsH0AaQ

Dave Ramsey’s Investment Philosophy

Graded Exercise #1

http://en.wikipedia.org/wiki/Financial_risk

http://en.wikipedia.org/wiki/Investment

http://en.wikipedia.org/wiki/Asset












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Learning Objectives

Use Dave’s Investing Calculator



Explain


ExplainDescribe basic investment principles








Graded Exercise #1












Learning Objectives

Use Dave’s 7 Baby Steps





ExplainDescribe various savings and investments alternatives








Graded Exercise #1

















Learning Objectives

Use Dave’s Advice






Explain







Graded Exercise #1












My Personal Budget

Percent My realistic take home

monthly income

$1,500

Monthly Budget

Charity 10% $150

Savings/ Investments

10% $150

Housing 25% $375

Utilities 5% $75

Food

Transporta-tion

10% $150

Clothing

Medical/Health

7% $105

Personal

Recreation

Debts - New Car

Insurance

Total

Forecast PersonalSavings &

Investments

Criteria My Investment Plan

1.

2.

3.

4.

5.

6.

7.

Personal Investment PlanGraded Exercise #2



Criteria My Investment Plan

1. You select at least five products for your investment plan

1.2.3.4.5.

2. You outline your investment strategy (amount to invest, how often, and when to invest)

Give one example:•$____ = Starting balance •%___ = Rate of return•$____ = Monthly contribution•3-years = Years plan to contribute

3. You predict the potential value of your investments three years from now

Use above example:

$____ How much investment will be worth

4. You classify for investment choices as income investment or growth investment

See criteria #1, it clearly classifies my investment choices as:• Income investment and/or • Growth investment

5. You balance the diversity of your investments

See criteria #1, it clearly demonstrates that I balance the diversity of my investments

6. Your plan is realistic for your near-term and intermediate-term goals

Explain near-term goal:

Explain intermediate-term goal:

7. You explain how your investing plan aligns with your intermediate-term and long-term financial goals

Explain intermediate-term (3-12 months) goal:

Explain long-term (1-year and beyond) goal:

Personal Investment PlanGraded Exercise #2


A Character and Leadership Development Program Learning Objectives Use Dave’s 7 Baby Steps...

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