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Fold Your paper Hot dog style

“ Poor people see a dollar as a dollar to trade something they want right now. Rich people see every dollar as a ‘seed’ that can be planted to earn a hundred more dollars…then replanted to earn a thousand more dollars.” pg 4. Picture. Investing. Saving. Fold Your paper Hot dog style.

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Fold Your paper Hot dog style

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  1. “Poor people see a dollar as a dollar to trade something they want right now. Rich people see every dollar as a ‘seed’ that can be planted to earn a hundred more dollars…then replanted to earn a thousand more dollars.”pg 4

  2. Picture Investing Saving Fold Your paper Hot dog style Compounding Asset Liability By: Your Name Period____

  3. Know Want to Know Learned I know…… Blah Blah Blah Blah Words I think of when I hear Investing are: Blah Blah Blah Blah About….. Blah blahblah Or ask a question Why …….. Is it true that………..

  4. If you invest your $ on A box of brownie mix for $1 • Then Bake the brownies and cut them into 10 big squares. • Sell them for .50 Cents each • You turned your $1 into $5.00 • You just made your money grow!

  5. Investing = page 6 • Investing is buying something with the expectation that it will make money for you. High Risk

  6. But…What if You Go Shopping on Black Friday • You see this great deal – The Real Deal NorthFace Jackets --- $20 each. • You buy 10 of them for a total of $200 thinking you can sell them easily and make your money grow , but…what if they the sizes and colors are not what your friends like and they are non returnable… • You will have invested in something that did not yet make your money grow and risked a lot of money $.

  7. Investing and Risk • Risk = taking chances. • Normally the more Risk the higher the chance of a big pay off. • Example: Buying Stocks in a new company that is growing fast may turn you into a millionaire, but could also flop! • More than likely you won’t use all of your savings knowing you could lose it all!

  8. Saving page 6 Is depositing your money into a financial institution for safe keeping to earn interest. No Risk

  9. Compounding page 15 • http://www.investopedia.com/video/play/what-is-compound-interest/ Earning Interest on Interest

  10. Assets VS. Liabilities Assetsis an item of value that can be converted to cash. (puts money into your pocket Liabilityis something owed to another person (takes money out of pocket) pg 17

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