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4/27/12. BR- What is an I.P.O. BR. 1. How much do high school students know about personal finance and economics? Is there payoff for learning personal finance? Why did some rich athletes go broke?. Correct Answers. On two major national tests, the average score was an F.
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4/27/12 BR- What is an I.P.O.
BR 1. How much do high school students know about personal finance and economics? • Is there payoff for learning personal finance? • Why did some rich athletes go broke?
Correct Answers • On two major national tests, the average score was an F. • Yes, it can make you wealthier. • There are more reasons for that; one of them is that they didn’t have personal finance in high school.
Rich Athletes Who Went Broke • According to Sport Illustrated, about 78% of former NFL players are broke or financially stressed after retirement, and 60% of former NBA players go broke five years after retiring.
Raghib “Rocket” Ismael • He played two years in Canada and 10 in the NFL . • Estimated lifetime earnings: $20 Million.
Evander Holyfield • 4-time Heavyweight Champion of the WorldEstimated lifetime earnings: $250 million
Lawrence Taylor • New York Giants MVP • Estimated lifetime earnings: $50 million
Darren McCarty • Stanley Cup winner, 11-year Detroit Red Wings playerEstimated lifetime earnings: $10 million • Darren McCarty
Travis Henry • Starting running back for the Buffalo Bills, Pro Bowl selectionEstimated lifetime earnings: $20 million
John Arne Riis • Estimated lifetime earnings: $20+ million
Scottie Pippen • 6 NBA championships with Michael Jordan, forward for the Chicago BullsEstimated lifetime earnings: $120 Million
Grace Groner • Grace purchased $180 stock in Abbott Laboratories, where she worked as secretary for 43 years – and, thanks to her frugal lifestyle and thoughtful investing, she build a $7-million-dollar fortune. • She left her entire estate to Lake Forest College.
The Millionaire Game • Listen to the rules of the game
HW • Write a brief essay about how to become a millionaire.