Personal Finance Literacy Summer Camp for High School Teens 7/29-31 9am-12pm

Personal Finance Literacy Summer Camp for High School Teens 7/29-31 9am-12pm

Date/Time
Date(s) - 29/07/2019 - 31/07/2019
9:00 am - 12:00 pm

Location
Weir Canyon Corporate Center

Categories


Unless you live in AL, MO, TN, UT, or VA, chances are that your teen will not receive any formal education on financial literacy in his or her lifetime as it is not mandatory in 45 of the 50 U.S. states. Unless a person majors in accounting, finance, business, or economics, personal finance is not a requirement to graduate college either. Parents spend hundreds if not thousands of dollars each year on summer camps, many of them for sports. Yet what percentage of the population will get an athletic scholarship or make a living being a professional athlete? The odds are not as bad as the lottery, but they’re not very good either. Yet nearly 100% of high school students will someday manage and make decisions about their own personal finances.

 The Personal Finance Summer Boot Camp for Teens is a comprehensive overview of money. Most parents (and people in general) have learned the hard way, mostly by trial and error, when it comes to making every day financial decisions, large purchases, investments, dealing with debt, long term planning, insurance, etc. as they did not have any formal training themselves. Most people, even the older generation, don’t understand some of the basic concepts of personal finance.

Teens graduate high school not knowing anything about money, except how to spend it. This is an excellent opportunity for them to gain the knowledge to learn this crucial life skill at an early age instead of when it’s too late and they’ve lost out on tens if not hundreds of thousands of dollars (in the long run) by making uninformed decisions related to money.

The boot camp is a fun interactive program where the teens will work with each other while learning some key concepts related to personal finance.  NOTE THAT IT IS FOR HIGH SCHOOL GRADUATION CLASSES OF 2019, 2020, 2021, AND 2022 ONLY

Day 1 – Demo on an earlier date

Day 2 – Banksters and Financial Institutions

  • Banking Basics
  • Credit
  • Credit Cards
  • The Basics of Loans
  • Debt

Day 3 – Gordon and Geico Gecko, Uncle Sam, Warren Buffet, & Norm Peterson

  • What is Wall Street? What are stocks?
  • Where’d all my money go? Your paycheck explained
  • Budgeting
  • Financial Goals and Planning
  • Overview of Investments
  • Basics of Income Taxes
  • Insurance
  • How Estate Planning (or lack of) Impacts You
  • Your Financial Team

Day 4 – The Real World

  • Buyer Beware – Overview of Upselling and Sales Sharks
  • Financial Impacts of career choice vs school choice
  • Paying for school
  • Your First “Real” Job
  • Paying Your Own Bills
  • Buying a Car
  • Real Estate – Moving Out and Renting
  • Setting and Achieving Your Professional and Financial Goals
  • Survey and Assessment
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