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4/27/12

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  1. 4/27/12 BR- What is an I.P.O.

  2. 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?

  3. 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.

  4. 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.

  5. Raghib “Rocket” Ismael • He played two years in Canada and 10 in the NFL . • Estimated lifetime earnings: $20 Million.

  6. Evander Holyfield • 4-time Heavyweight Champion of the WorldEstimated lifetime earnings: $250 million

  7. Lawrence Taylor • New York Giants MVP • Estimated lifetime earnings: $50 million

  8. Darren McCarty • Stanley Cup winner, 11-year Detroit Red Wings playerEstimated lifetime earnings: $10 million • Darren McCarty

  9. Travis Henry • Starting running back for the Buffalo Bills, Pro Bowl selectionEstimated lifetime earnings: $20 million

  10. John Arne Riis • Estimated lifetime earnings: $20+ million

  11. Scottie Pippen • 6 NBA championships with Michael Jordan, forward for the Chicago BullsEstimated lifetime earnings: $120 Million

  12. 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.

  13. The Millionaire Game • Listen to the rules of the game

  14. 1.

  15. 1. Answer

  16. Q-2

  17. A-2

  18. Q-3

  19. A-3

  20. Q-4

  21. A-4

  22. Q-5

  23. A-5

  24. Q-6

  25. A-6

  26. Q-7

  27. A-7

  28. Q-8

  29. A-8

  30. Q-9

  31. A-9

  32. Q-10

  33. A-10

  34. Q-11

  35. A-11

  36. Q-12

  37. A-12

  38. Q-13

  39. A-13

  40. Q-14

  41. A-14

  42. Q-15

  43. A-15

  44. Rules of Improving Your Financial Life

  45. HW • Write a brief essay about how to become a millionaire.