I wonder how much that $56,400 made for the bank in which it was invested. If they're willing to pay the investor $256,787 for 'borrowing' that money, they must have made ten times that for themselves !!! Maybe we should all just skip the middle man and put all of our money high risk investments !!!... anyone ?
@AdvantageLanguage Banks are certainly in business to make money and no doubt would have done quite nicely lending out on the money invested. Remove the middle man? I suppose it all depends on an individual's risk tolerance.
So true, LifeSkillsReportCard! Even a little information can make a big difference. I find that kids are fascinated when they see the time value of money and are anxious to begin making it happen. Thanks for helping get that info out there!
Love this Karen! Great example of how a little information can go a long way to expanding personal goals and improving teens' present and future lives. Thank you for sharing with fellow Life Skills Educators in our Parenting 2.0 group on LinkedIN. I will tweet and post it in our Parenting 2.0 group on Facebook as well, confident your P20 siblings will be "sharing" forward also. Hugs!!
I'm impressed that you have already begun putting your investing portfolio together. The rates you're getting are good. As far as the 6%, historically, that's the average stock market return over time (taking into account inflation). I'm not a financial planner, but what I did for my kids was to set up an index mutual fund (low fees) that should match this over time. There's always risk but mutual funds are in the middle of the low-high risk continuum.
Thanks for commenting, Alyssa! I'm glad you liked the video. I'm sure you're going to take advantage of the information....right??? Start now and you'll be thanking yourself in 20, 30, 40 years!
Wait til you see the kids jaws open, too! It's such a great way to get them excited about finding odd jobs around the house to do for a little extra $, then SAVING it! Gotta love it! Thanks for sharing!
I wonder how much that $56,400 made for the bank in which it was invested. If they're willing to pay the investor $256,787 for 'borrowing' that money, they must have made ten times that for themselves !!! Maybe we should all just skip the middle man and put all of our money high risk investments !!!... anyone ?
AdvantageLanguage 2 months ago
@AdvantageLanguage Banks are certainly in business to make money and no doubt would have done quite nicely lending out on the money invested. Remove the middle man? I suppose it all depends on an individual's risk tolerance.
kidnexions 2 months ago
So true, LifeSkillsReportCard! Even a little information can make a big difference. I find that kids are fascinated when they see the time value of money and are anxious to begin making it happen. Thanks for helping get that info out there!
kidnexions 8 months ago
Love this Karen! Great example of how a little information can go a long way to expanding personal goals and improving teens' present and future lives. Thank you for sharing with fellow Life Skills Educators in our Parenting 2.0 group on LinkedIN. I will tweet and post it in our Parenting 2.0 group on Facebook as well, confident your P20 siblings will be "sharing" forward also. Hugs!!
LifeSkillsReportCard 8 months ago
Hi t5o1m! Here's what I wrote:
I'm impressed that you have already begun putting your investing portfolio together. The rates you're getting are good. As far as the 6%, historically, that's the average stock market return over time (taking into account inflation). I'm not a financial planner, but what I did for my kids was to set up an index mutual fund (low fees) that should match this over time. There's always risk but mutual funds are in the middle of the low-high risk continuum.
kidnexions 9 months ago
Thanks for commenting, Alyssa! I'm glad you liked the video. I'm sure you're going to take advantage of the information....right??? Start now and you'll be thanking yourself in 20, 30, 40 years!
kidnexions 10 months ago
Great job :) i'm in high school and were doing this for our i.t class but in programming. Thanks
alyssajs16 10 months ago
Wait til you see the kids jaws open, too! It's such a great way to get them excited about finding odd jobs around the house to do for a little extra $, then SAVING it! Gotta love it! Thanks for sharing!
kidnexions 11 months ago
I will get more yarn for my classroom. What a great visual. Simple. My jaw is open. I love what can be accomplished in a classroom with yarn.
danielschaben 11 months ago
Love this video. So professional. Now you have inspired me to take my you tube videos up a notch!
KBKWealthConnection 1 year ago
Good job Karyn...
MpLMx 1 year ago