Financial Literacy_Freshman Seminar 2018.pptx

Financial Literacy_Freshman Seminar 2018.pptx - TRUE OR...

Info icon This preview shows pages 1–12. Sign up to view the full content.

View Full Document Right Arrow Icon
Image of page 1

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full Document Right Arrow Icon
TRUE OR FALSE A dollar today is worth more than a dollar tomorrow?
Image of page 2
TRUE OR FALSE A dollar today is worth more than a dollar tomorrow?
Image of page 3

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full Document Right Arrow Icon
In 12 years, Antoine Walker grossed $110 million playing professional basketball Take away taxes, throw in some Adidas endorsement money and a "NBA Live 99" cover, netted $60-65 million? Was that enough. . .NO Pursued by multiple financial institutions for unpaid debts. He owed more than $4 million to his creditors and faced felony check fraud charges in Las Vegas. . .by age 33. How did he blow ALL OF THIS MONEY? Antoine Walker. . .Broke and in debt
Image of page 4
Shaquille O’Neal spent his first million dollars within 30 minutes of joining the NBA.
Image of page 5

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full Document Right Arrow Icon
“IT IS NOT ABOUT HOW MUCH MONEY YOU MAKE. THE QUESTION IS ARE YOU EDUCATED ENOUGH TO KEEP IT .” After a call from his Financial & Legal Advisers Shaquille O’Neal realised the importance of advice and education. He is now the joint owner of: 155 Five Guys Burgers restaurants & 17 Auntie Annie’s Pretzels restaurants Google investor before they went public 150 car washes 40 24-hour fitness centres a shopping centre a movie theatre several Las Vegas nightclubs In addition, he still earns $22 million a year from his endorsement deals and as studio analyst for TNT.
Image of page 6
WHAT IS IT? Ability to make informed judgments and to take effective actions regarding the current and future use and management of money. Buying choices. Life issues: housing, unemployment, medical, marriage, children, retirement etc. FINANCIAL LITERACY
Image of page 7

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full Document Right Arrow Icon
WHY DO STUDENTS NEED TO BE FINANCIALLY LITERATE?
Image of page 8
FACTORS THAT CONTRIBUTE TO WEALTH Acquired Skill Education, entrepreneurship, investments, hard work. Marital Sorting- tendency of individuals with similar skills to marry one another . Inherited Skill- the innate intelligence passed down from parents and habits nurtured in childhood. Family Wealth- inheritance, school fees, 1 st house, 1 st car etc. Wealth is generational . Social Security Taxes- tax planning strategies. Social Environment 9
Image of page 9

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full Document Right Arrow Icon
BACHELOR’S DEGREE MAJOR MEDIAN STARTING SALARY Business $49,807 Engineering $64,394 Liberal arts and Humanities $38,604 All $59,932 Miller, S. (2015, April 22). Average starting salaries up for recent graduates. Retrieved from https://www.shrm.org/ResourcesAndTools/hr-topics/compensation/Pages/starting-pay- graduates.aspx Simply Hired. (2017). College graduate salaries. Retrieved from https://www.simplyhired.com/salaries-k-college-graduate-jobs.html
Image of page 10
THE FACTS: INCOME DATA Average High School Drop Out High School Graduate
Image of page 11

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full Document Right Arrow Icon
Image of page 12
This is the end of the preview. Sign up to access the rest of the document.

{[ snackBarMessage ]}

What students are saying

  • Left Quote Icon

    As a current student on this bumpy collegiate pathway, I stumbled upon Course Hero, where I can find study resources for nearly all my courses, get online help from tutors 24/7, and even share my old projects, papers, and lecture notes with other students.

    Student Picture

    Kiran Temple University Fox School of Business ‘17, Course Hero Intern

  • Left Quote Icon

    I cannot even describe how much Course Hero helped me this summer. It’s truly become something I can always rely on and help me. In the end, I was not only able to survive summer classes, but I was able to thrive thanks to Course Hero.

    Student Picture

    Dana University of Pennsylvania ‘17, Course Hero Intern

  • Left Quote Icon

    The ability to access any university’s resources through Course Hero proved invaluable in my case. I was behind on Tulane coursework and actually used UCLA’s materials to help me move forward and get everything together on time.

    Student Picture

    Jill Tulane University ‘16, Course Hero Intern