October 4 - Online Discussion Question 5

Dave talked about 2 financial principles at the end of the chapter:

1) Keep a giving spirit
2) Remember the Tortoise and the Hare story

Explain these principles and what can we learn from them?

October 4 - Online Discussion Question 4

Rob, a college senior, was given $10,000 by an aunt. Before she died, she told Rob to put the money to work and leave it alone, so that someday he could leave money to his heirs. Rob is pumped. He has two great ideas, both of which he learned about on late-night TV. One is to buy foreclosed properties. The other is to speculate in gold. The people on TV made a killing doing very little work. Their DVDs will tell him all he needs to know. He asks you which sounds better to you.

October 4 - Online Discussion Question 3

Carol’s aunt took a friend’s advice and invested her savings in Associated Elevators common stock. It went down. After a year, she sold that and bought Consolidated Cranberry. A year later, when the berry boom burst, she bailed again and poured her savings back into Associated Elevators, which was on the rise. Now she’s back to square one, and to Carol’s delight, she has asked Carol what “that Dave Ramsey fellow” would tell her to do next. What would that be?

October 4 - Online Discussion Question 2

John is a senior in high school. His father, Alfred, is a successful businessman. The two are very close and talk openly about things, including money and investments. Alfred decides to change his investments and he puts one-fourth of his money in a steadily growing company, one-fourth in a rapidly growing company, one-fourth in a single company that has paid good dividends, and one-fourth in one based overseas. When he tells John, he is shocked that John is worried. Is John right to be worried? Why or why not?

October 4 - Online Discussion Question 1

Donald is aggressive and smart, but he’s bored at his job. He wants to pursue his dream of starting a burger joint called “Donald Mac’s.” His business plan is to open six stores in 12 months. All he needs is money—other people’s money (OPM). Everyone says that OPM is the only way to go, the shortcut to success, wealth with no risk. So he buys a coat and tie, shines his shoes, and hits the streets, looking for investors. He comes to you. You like his idea, but are his plans sound? What do you think?

September 27 - Online Discussion Question 5

Why do you not borrow money for an investment?

September 27 - Online Discussion Question 4

Why is it important to understand something before investing?

September 27 - Online Discussion Question 3

Explain the relationship between risk and investing.

September 27 - Online Discussion Question 2

What is the importance of diversification when investing?

September 27 - Online Discussion Question 1

What is the importance of working with a financial adviser that has the heart of a teacher rather than the heart of a salesman?

September 20 - Online Discussion Question 4

What impact did Ben and Arthur have on you and/or lesson did you learn from the example of Ben and Arthur?

September 20 - Online Discussion Question 3

Huck was on a budget and debt free when Tom, his best friend, was partially paralyzed in a wreck. Tom’s school took up a collection for a special wheelchair. But Huck had no savings, and he couldn’t fit giving into his budget. Huck felt horrible about not being able to help out. How can he do things differently in the future so he can help people in need like Tom?

September 20 - Online Discussion Question 2

Shannon is a senior in high school and works part time at a local restaurant. She makes good tips and always has spending money. Her parents will be paying for her college and her car is already paid for. She knows you are taking a personal finance class and asks you what she could be doing better with her money. What do you tell her?

September 20 - Online Discussion Question 1

Louis, a high-school senior nicknamed “Lucky,” is a walking rabbit’s foot. Everything falls his way, including a lottery-funded scholarship and a great part-time job delivering pizzas. He’s saving for a car to drive at college. Some guys at school heard about a group out west pooling their money for raffle tickets and winning big. They’ve now started doing that for weeks, with no results. They ask Lucky to join them. Five bucks a week for a huge payday. He’s tempted. You are his friend; talk him out of it.

September 13 - Online Discussion Question 4

Define an emergency that justifies tapping into your emergency fund and define an emergency that does not justify tapping into your emergency fund (this doesn't have to apply to teenagers).

September 13 - Online Discussion Question 3

"90 days same as cash" Explain the truth and reality behind this statement.

September 13 - Online Discussion Question 2

Why does a student need an emergency fund? What does 3-6 months of expenses look like for a student?

September 13 - Online Discussion Question 1

Dave says "Live like no one else, so later you can live like no one else." Explain what he means and what it means to you.

September 6 - Online Discussion Question 4

Post one of the verses you chose for your homework assignment and your summary for it here

September 6 - Online Discussion Question 3

Skim through your textbook and take a look at the various chapter. Which topics interest you the most and/or do you look forward to learning? and Why?

September 6 - Online Discussion Question 2

Post your Icebreaker question ideas here:

examples include - favorite color, coolest place you've ever been, favorite day of the week, etc.

September 6 - Online Discussion Question 1

Welcome to the Foundations in Personal Finance class web site!! I hope you all had a good first day of class :)

First item: send me an e-mail at sarahash2003@live.com so that way I have your e-mail address on file. Also include a hello and any questions from the material presented in class

You do not need to leave a comment on this post, just send me the e-mail :)