Introduction to Business

Debt and Credit

Introduction

Complete Banking Assignment Online

Lesson

If you watch TV you are bombarded with ads for easy credit, don't pay a cent, no money down and so on.

You are going to examine the cost of credit and debt module from the City

First, a brief story .....

Then the start of the module

Before leaving examine the credit calculators and complete the exit cards

CREDIT CALCULATORS

Want to know how much that new pair of shoes is really going to cost if you use your plastic? Try these credit calculators: Credit Card Costs (Industry Canada) The True Cost of Paying the Minimum (Bankrate.com)

Needs

I was shopping at Loblaw last night and I witnessed an exchange between a mother and her child. The child was trying to persuade her mother that he absolutely had the have this piece of clothing and she would die without it. The mother tried to disway the child but the exchange grew louder and then with tears. Finally, the mother not wanting to make more of a scene gave in.

My question is two-fold.

1. Why use the expression I "need it" so, what is a need?
2. What does this comment say about our society?

Ok, today we discuss needs vs wants

Lesson:

Maslows Hierarchy
Needs vs Wants

Activity

Spending Tracking Sheet
Lesson 3: The City

Lifestyle Publisher Sheet

"Lifestyle"

In the 1980's one of the most popular shows was lifestyles of the rich and famous where the audience got a peak into the priviate lifes of the some of the wealthiest people in the world.

But how you achieve that lifestyle was never shown. Today, we will explore the type of income you will need to have the lifestyle you want to enjoy.

Definition: Wikipedia

In sociology, a lifestyle is the way a person lives. A lifestyle is a characteristic bundle of behaviors that makes sense to both others and oneself in a given time and place, including social relations, consumption, entertainment, and dress. The behaviors and practices within lifestyles are a mixture of habits, conventional ways of doing things, and reasoned actions. A lifestyle typically also reflects an individual's attitudes, values or worldview. Therefore, a lifestyle is a means of forging a sense of self and to create cultural symbols that resonate with personal identity. Not all aspects of a lifestyle are entirely voluntaristic. Surrounding social and technical systems can constrain the lifestyle choices available to the individual and the symbols she/he is able to project to others and the self.

Today:

1.    Enter the city and start module 2

2.    Discussion of lifestyle, needs and wants

3.    When I think poster (lost the file -- Download moneyandfuture2007.pub (67.0K))

Welcome to the "Other Literacy"

Financial Literacy

I am waiting for the Super Bowl to start. A lot has been made in the pre-game show about assets, numbers and performance. I though that in many ways this is likened to understanding financial literacy. Football is a game of numbers and the better you understand those numbers, the more likely your team is to win. In much the same way as you understand and apply the financial numbers, you will be able to emerge the winner with the lifestyle that you want. So as I sit back and watch the game, we will be discussing tomorrow the rules of the financial game so that you can win at that too.

Today:

1. Introduction and Course Outline
2. Introduction of "The City"
3. Register for the city
   • Click here to enter
   • Register with email and this class code CCODVT
   • Login in to the city
4. Lesson 1 - what do yo know
5. Have some fun

A Picture is worth a thousand words

For many people, a picture, illustration or graph explains a lot more than the numbers. We live in a visual world where most people would rather watch the movie than read the book. With this in mind, the second part of your financial assignment requires you to create a graph of the family's expenses. Today's lesson will focus on this.

If you finish this task early, I want you to start typing up your questions. Your questions should challenge and not contain the answer in the question. Not sure, ASK

Finally Congrats to first round winners. A number of you have yet to do a transaction. You need to complete one per week. You will doing a journal this week based on your experience.

Investment Types and Scams

Review of Chapter 14 Problems

Lesson:

1. Now for the rest of the story (click here for copy)
2. Types of investments (9-3) (click here for copy)
3. Investment checklist (9-6)
4. Scamming (9-7)
5. Quick Quiz (9-8)

To read or print out this story, click here

Finish off outstanding work

• Finish brochure - due Tuesday
• Work on chapter 14 review sheets - due Wednesday
• Complete any outstanding work (last day next Friday)
  
  • chapter 15 review
  • lesson 7 quiz: about credit
  • test your credit knowledge
  • how much can they safely carry
  • credit card interest calculations
  • understanding your credit report
  • the City 1-8 booklets
• Bored  - read chapter 5

Time to wrap this unit up

Lesson Activity

1. Rest of the story
2. Knowing your investment
3. Scams
4. Handout Sheets 9-3 to 9- 8 - click here for extra copies

Plus

1. Complete at least one trade (click on links menu to the left)
2. Finish brochure - due Tuesday
3. Work on chapter 14 review sheets - due Wednesday
4. Complete any outstanding work (last day next Friday)
   
   • chapter 15 review
   • lesson 7 quiz: about credit
   • test your credit knowledge
   • how much can they safely carry
   • credit card interest calculations
   • understanding your credit report
   • the City 1-8 booklets
5. Bored  - read chapter 5

Note:

1. If you have not turned in chapter 14 and 15 by Next Friday - you will writing these as a test!

2. Outstanding work from point 4 not submitted by Friday will be completed in study hall during lunch
   

JA Titan

Welcome today, Mr. Richens from Beaver Foods our JA partner.

You will receive a workbook which will be kept in class and used every week when he is with us.

Your teams have been created and will NOT vary for this activity

Session 1: How Much How Many?

This session will explore how price and production can affect business performance.

• how product price makes an impact on profits
• how production can affect price, sales, profit

Monday

• Finish your investing terms brochure
• Complete at least 3 trades

Investing Basics - 3

Before we begin, please submit your text questions for assessment.

Today's topic is selecting stocks

Lesson

How do I choose investments for my portfolio?   

Once you choose your asset mix, you’re ready to pick specific investments. The investment pyramid shows you have many choices within each asset class.

Using the investment pyramid

• The chart arranges various investment choices according to the risk-reward relationship.
• The higher the investment is located in the pyramid, the higher the potential return, and the higher the risk.
• Since cash and cash equivalents offer the lowest risk and return, you will find them at the bottom of the pyramid.
• Mutual funds are included in all categories because there are many different kinds of mutual funds. Each fund has its own level of return and risk.
• The classification of a stock as low, moderate or high risk depends on your point of view. What seems risky to you may not seem risky to the next person.

 

Note: The types of investments listed under each section of the pyramid are only a framework. The risk of each investment varies with economic conditions.

What should I ask before I buy any investment?

• Do I understand how this investment works?
• Do I have good information about how this investment has done in the past?
• Do I understand the costs of this investment and the risks?
• Am I looking for safety, income, or growth from this investment?
• Do I have good information about how this investment is likely to do in the future?
• How much can I hope or expect to make?
• What other investments do I have already? Do I want to invest in more of the same or do something new?
• How long do I plan to invest (my time horizon)?

The longer you have to reach a goal, the more aggressive you can be when you invest.

---

Internet investigation #1

• Access the Toronto Stock Exchange's website http://www.tsx.com
• Use the Quick Quote feature Click on Company Snapshot to learn the current financial health of the company
• Click on Price History to see how the price of this stock has changed in the recent past
• Click on News to learn of anything about the stock that you think may affect its future price