Skip to main content

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.

Comments

Post a Comment

Popular posts from this blog

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...
3 comments
Read more

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...
Post a Comment
Read more