July 6-10, 2015
Paychecks, Financial Contracts and Entrepreneurship
A student’s first paycheck can be shocking. Money was withheld! First car loans, apartment rentals and cell phone purchases involve legal contracts. Yet, most students face these financial “rites of passage” with little grounding.
During this session you become skilled at teaching a step-by-step approach to managing and understanding these basic-but-vital transactions. You become familiar with experience-based activities such as the Reality Store. An interactive program that helps your students understand their financial world in a practical, yet fun and engaging way.
Part of the week focuses on creating your own paycheck through entrepreneurship—a core element of our free enterprise system.
You tour businesses begun by entrepreneurs and meet them.
The major requirements for graduate credit, among others, are:
- Create several lesson plans
- Participate in group discussions, projects and activities
- Develop a business concept paper.
Learn how to teach about…
Life’s major financial transactions
- Renting and home buying—the biggest purchase most people ever make
- Education planning
- Car buying—the practical realities behind student dreams
The anatomy of a paycheck and employee benefits
- Social security and retirement planning
- Employee benefits—”your other paycheck”
- Taxes and withholding—careful planning saves money and builds wealth
Entrepreneurship—creating your own paycheck
- Starting your own business
- Practical lessons of creating money
- The millionaire mindset