Today we learned about all different types of insurance, we had a really great seminar about our 3 readings, and we worked on our stocks. The group was given a presentation on home, auto, rental, and life insurance as well as the benefits and shortcomings of insurance. It was really great to learn about insurance, although I personally believe some of that won't be useful to me until we are in our twenties. Everyone learned something new from that presentation, which was super great. Our seminar was full of engagement, questions and fulfilling conversations. It was really nice to listen to and learn from. Our stocks were also a hot topic of the day. Some people hadn't started trading yet and today was their first day (me). Knowing nothing about stocks, it is a lot of fun just to jump in, it is much easier to get the hang of it. The rest of the day was set for working on our budgets, preparing for the Life Game, writing reflections and learning our net worth. Overall, today was productive for all. We are all looking forward to having some guest speakers come and talk to us, as well as a fun field trip planned to visit one of Mr. Gross' properties!
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...
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