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4/27/12

4/27/12. BR- What is an I.P.O. BR. 1. How much do high school students know about personal finance and economics? Is there payoff for learning personal finance? Why did some rich athletes go broke?. Correct Answers. On two major national tests, the average score was an F.

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4/27/12

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  1. 4/27/12 BR- What is an I.P.O.

  2. BR 1. How much do high school students know about personal finance and economics? • Is there payoff for learning personal finance? • Why did some rich athletes go broke?

  3. Correct Answers • On two major national tests, the average score was an F. • Yes, it can make you wealthier. • There are more reasons for that; one of them is that they didn’t have personal finance in high school.

  4. Rich Athletes Who Went Broke • According to Sport Illustrated, about 78% of former NFL players are broke or financially stressed after retirement, and 60% of former NBA players go broke five years after retiring.

  5. Raghib “Rocket” Ismael • He played two years in Canada and 10 in the NFL . • Estimated lifetime earnings: $20 Million.

  6. Evander Holyfield • 4-time Heavyweight Champion of the WorldEstimated lifetime earnings: $250 million

  7. Lawrence Taylor • New York Giants MVP • Estimated lifetime earnings: $50 million

  8. Darren McCarty • Stanley Cup winner, 11-year Detroit Red Wings playerEstimated lifetime earnings: $10 million • Darren McCarty

  9. Travis Henry • Starting running back for the Buffalo Bills, Pro Bowl selectionEstimated lifetime earnings: $20 million

  10. John Arne Riis • Estimated lifetime earnings: $20+ million

  11. Scottie Pippen • 6 NBA championships with Michael Jordan, forward for the Chicago BullsEstimated lifetime earnings: $120 Million

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

  13. The Millionaire Game • Listen to the rules of the game

  14. 1.

  15. 1. Answer

  16. Q-2

  17. A-2

  18. Q-3

  19. A-3

  20. Q-4

  21. A-4

  22. Q-5

  23. A-5

  24. Q-6

  25. A-6

  26. Q-7

  27. A-7

  28. Q-8

  29. A-8

  30. Q-9

  31. A-9

  32. Q-10

  33. A-10

  34. Q-11

  35. A-11

  36. Q-12

  37. A-12

  38. Q-13

  39. A-13

  40. Q-14

  41. A-14

  42. Q-15

  43. A-15

  44. Rules of Improving Your Financial Life

  45. HW • Write a brief essay about how to become a millionaire.

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