This 12:10 seconds YouTube video talks about the features of an I Bond and how an investor can successfully add it to their financial portfolio. It gives students further options discussed in LO # 7.3 in the Grable text https://www.youtube.com/watch?v=EaK4Ik6Umxw Multiple Choice Questions What is a hurdle rate when it comes to holding… Read more »
Posts Categorized: Intro to Personal Finance (Grable & Palmer)
So, You Are Shopping For A Car At A Terrible Time. Here’s What To Keep In Mind
This NPR article talks about the current car shortage and the reasons behind it. Given the current price hikes, the article gives the reader some options to consider before buying a car. https://www.npr.org/2021/09/24/1039620891/shopping-cars-new-used-dealers Questions for Discussion Of all the options listed in the article which one resonated with you the most? The article suggests… Read more »
5 Ways Rich People Make Money With Debt
This 11:08 YouTube video talks about embracing debt to create wealth. Although conventional wisdom talks about avoiding debt, this video explains how the rich use debt to create more wealth by using different strategies. https://www.youtube.com/watch?v=nZ4SAXgUrIc&t=7s Multiple Choice Questions The average amount of debt per household in the US is $10,000 $5315 $7315 $20,000… Read more »
Easy Tips to File Your Tax Return Correctly
This article by Perez and Howard mentions that the average tax return in 2020 was $2549. However, in many instances these returns can be fraught with mistakes and be delayed for long periods, and in some cases permanently. The article goes on to mention 8 tips that any tax filer can follow to avoid the… Read more »
7 Ways to easily multiply your income in 2021
This 10:17 second video highlights 3 steps, taking the time and money to upskill oneself, monetize the return on investment, and leverage technology to increase passive income. The video also mentions 7 ventures that people can undertake now in order to start a passive income stream. This video particularly ties in well with chapter 3… Read more »
Evaluating Your Personal Financial Statement
Are Corporations the only entities that benefit from financial statements or individuals can also assess their financial health with these statements? This is the question that this article addresses. The article also goes on to explain the key concepts such as inflow, outflow, net flow, assets, liabilities, and net worth. Just like stakeholders in a… Read more »
