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Final Reflection

Nathaniel Samuels Dr. Ott Personal Finance January 28, 2019 Final Reflection In Personal Finance we learned many things from early in life dealing with student loans to later crossing the crossover point where you no longer have to work for money. My favorite part of the class was the hypothetical discussions of if you spend more some points of your mortgage or put more away to investments. It was very cool to see the effects from these and how some go from 200,000 to 1,000,000 in an extra 5 years of investing. In the life game at first I thought it would be unreasonable to have to predict finances 50 years in the future. As I continued it became easier and it became fun to see net worth go up and down as I bought a house and had children and then see the skyrocket at the end when my kids graduated and my mortgage was paid off.  With the rolls of the dice at first it made me go into crippling amounts of debt but as i rebalanced and took money out of an emergency fund it
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final reflection

Blake Peterson Dr. Ott Personal Finance 25 January 2019 Final Reflection     Over the past three weeks in personal financing I have learned a lot about the basics of financing and what to expect financially in the future. The things I found the most interesting was learning about investing and the life game. With investing we learned a lot about things like the stock market and also real estate investing. In stock market investing we had a speaker named Champ Warren, who is a financial consultant and investor. He talked about his method with investing and we looked at the market and analyzed if there was going to be a recession anytime soon. For investing we also started an Investopedia game and played it throughout the class. We also learned about the real estate side of investing. We had three people come and talk to us, each of them giving us a new perspective on real estate investing. My favorite part of the real estate investing was when we went to an apartment complex
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Final Reflection - Sydney

Throughout this course, I have more than doubled my knowledge on managing finances and the meaning of investment and real estate. At the beginning of this J-Term, I thought real estate was owning property because you had the money to own multiple properties. Little did I know that is not only not the definition, but there is so much more to it that I didn’t know. I now know that I am actually interested in real estate; maybe not as a career, but definitely as a hobby or side job. I knew that investing was always important when it comes to making money, but I never knew strategies to help me make money other than save up in a bank account. Investing towards retirement, asset allocation, the bull put, stocks, bonds, these are all things I knew nothing about, and now I at least have an idea about what they are. I would say that most beneficial thing I got out of this J-Term was that I learned different aspects of financial literacy that I will be using for the rest of my life. I kno
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Reflection - Tommy

Final reflection Tommy Johnson This course, to me, was one of the most informative and productive class I've ever taking teaching life skills I am glad I know. I feel a lot more financially confident and prepared for life. We covered many of the financial concepts that everyone will eventually need to understand such as taxes, mortgages and debt, but to me the part of this course that will be most helpful in my life is the knowledge that some people will never know. the course is littered with tips and knowledge that will give everyone in the class a strong upper hand in the financial world throughout their entire life.
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Final Reflection - Julian

The Personal Finance course taught me a great deal of things, like how I could accidentally end up a millionaire by way of retirement accounts, how much work real estate is if you can’t hire people, how much debt there is just about everywhere, and most strikingly, just how boring it all was. Sure, learning how to become a well adjusted adult and pay my student loans off before I get a mortgage is excellent information, and learning about how I can make the most out of investments to comfortably retire early with a moderately well paying job and some elbow grease is undoubtedly going to be immensely useful later in my life. However, if I were to say one thing about finance, it’s rather dull. While making a general finance plan for the rest of your life is incredibly important, at some point when I was looking at what state real estate might be in during my 30s, it clicked in my mind that all this planning seemed about as fulfilling as trying to get the last bit of water out of a cup
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Final Reflection

My Future and Personal Finance Reflections The Game of Life helped me learn how to realistically plan out the rest of my life. Firstly, it helped me identify which colleges I would like to consider. Additionally, it helped me realistically look at which careers might be a good fit for me in the future and which would not. Lastly, the Game of Life gave me a better understanding of realistic expenses. I had a realization that being a psychiatrist requires a lot of school, and I am not up for that. I know that I will not enjoy having to go to school for an extra eight years, so I started thinking of a more realistic career plan for me. The most useful material in the Game of Life is calculating the net worth for each year as well as learning to calculate inflation and how that might affect your future income or expenses. This is useful because it will greatly help you plan out your future success. If you have debt in the future it will teach you how long it will take to pay off the
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Final Reflection 2019

         Most young adults after they’ve graduated wish that they were able to take a class that was purely about money management and how to take care of simple financial duties such as loans, investments, mortgages, taxes and budgeting. For the past three weeks that is exactly what I’ve been doing: essentially taking a money management 101 class. After all, money is what motivates us to do anything; it’s why we go to school, it’s why we get a job, and to many people, it makes them happy. Contrarily money can make some people go crazy, it can make them deppressed and can lead various individuals to make irrational and unethical decisions. In this class, we learned not only the technical definitions of common financial concepts, but also the psychological aspect of money and how if used appropriately, it can be a tool to happiness and fulfillment.         There are several ways in which my expectations for this class were certainly met. First, I was able to learn about many for
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