Friday, March 6, 2015

Investments and Wealth

Wealth --

What Causes Wealth? FEE Article

Defining Wealth:

Net Worth (Calculator)
Accumulation of Resources
The Rich List and Wealth Distribution
Assets vs. Debt (Household)

Austrian Economics: 


Decade Report

We will be doing these in class this Wednesday.

Game of Life

  1. Figure out what events impacted your life from what we did on Wednesday.  It is up to you to figure out how you want to interpret the results.  It will take some understanding of what the categories are, but I have faith that you can do it!
  2. Marriage -- Ladies -- you need to decide what job you would like your imaginary husband to have (President is not an option unless you TRULY have visions of that); Men -- you need to decide if your wife will be staying home with your children or working (working from home is an option, but you may need to factor in childcare).
  3. Children -- Group 1 has two children; Group 2 has four children; Use these numbers to figure out childcare costs, food, etc.  Make sure to think about schooling, activities and other costs that may get overlooked.  
  4. Investments -- Please figure out three investments.  Make sure to investigate different types (Retirement, Real Estate, Stocks, etc).  Please choose one stock to study over the next three weeks.  
We will go over the Game of Life, so if you have questions please bring them in next week.  I will bring a chart in to record your card/die results, your choices and your interpretations.  We will be looking at how the deck of cards and die rolls have impacted your choices.  


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