Embedded Files
Session Overview and Objectives
Session Overview and Objectives
Students learn about financial planning and the different risks associated with financial planning. Students use risk and other financial criteria to make investment decisions.
STUDENTS WILL:
Identify the key elements of financial planning.
Explain the risks associated with long-term financial planning.
Examine investment needs in different financial situations and explore long-term financial investments.
Apply risk criteria when choosing and developing a financial plan.
The Session Teacher Guide will be provided as a PDF and as a Microsoft Word document.
The Session Student Activity will be provided as a fillable PDF and as a Microsoft Word document.
The Session Exit Ticket will be provided as a PDF and as a Google Doc.
The Session Journal Page will be provided as a PDF and as a Google Doc.
Onscreen Presentation
Onscreen Presentation
An interactive onscreen presentation for each session will be view-able from the page or can be shared via direct link.
These videos addresses the following Financial Literacy standards:
Content Statement 8: Financial experts provide guidance and advice on a wide variety of financial issues.
Content Statement 8a: Explain the roles and responsibilities of a financial planner.
Content Statement 8b: Identify qualifications to look for when searching for a financial planner.
Content Statement 16b: Devise a plan to increase net worth, given a predetermined amount of money.
Content Statement 17: Investment strategies must take several factors into consideration including the time horizon of the investment, the degree of diversification, the investor’s risk tolerance, how the assets are selected and allocated, product costs, fees, tax implications and the time value of money.
Content Statement 17b: Identify and compare the administrative costs (fees) and taxes of various investment products.
Content Statement 17c:Identify the more advantageous investment strategy for different individuals in given scenarios.
Content Statement 26a: Cite examples of high-medium- and low-risk investments.
Content Statement 26b: Explain why it is important to diversify and how the composition of a portfolio changes over time.
Classroom Discussion Prompt
Classroom Discussion Prompt
General
General
Have you had a discussion with your parents about their investments?
Aleece Dye
Aleece Dye
Based on what you learned in this video, who has a higher risk tolerance, you or your parents/guardians? Why?
Based on what you've learned in this video and course so far, would you want to hire a financial advisor? Why or why not?
What is one service that a financial advisor provides would be helpful for building future financial success? Why is this service important?
Possible answers include: risk management and insurance planning, education saving planning, tax planning, legacy or charitable planning, retirement planning, portfolio management, cash flow analysis, debt management, emergency funds management, estate planning, small business planning (smartasset.com)
Taylor Papiernik
Taylor Papiernik
Based on what you learned through this class, what advice would you give your parents about investment strategies?
What advice would you give your parents from this class?
What could you teach your parents regarding the job of a financial planner?
In what way could you start to save now and what advice would you give to other students around saving based on what you now know?
Based on what you learned today, why is it important to diversify? Aside from investments, brainstorm other ways that you can financially diversify.
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