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It is important to begin thinking about what you can invest your hard-earned money in and make your money can GROWand work for YOU. Plan wisely and you can retire sooner than later.
Over the past few classes, we've been exploring rates of return on various assets.
RATE OF RETURN = incoming generated by the asset during one given period.
ANNUAL RATE OF RETURN = Return/Market Value of Asset @ Beginning of the Year.
1. Visit TEENSGOTCENTS and explore how you can become a mulit-millionaire!
2. Create a new personal blog post titled "Become a Millionaire" and address the following:
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- Can the rate of return for an asset vary from year to year and if so, why?
- After playing the poker chip game - why was your overall expected rate of return 9% when our poker chips were red 4%, white 8%, and blue 12%?
- Explain what the average rate of return you can expect from your investment equates to.
- How can you use our class discussions, activity, and the information on the above web site to plan for your own retirement?
