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Wakefield Hare

Students will learn the essentials of money management and stewardship, including how to create & use a budget to make better decisions. They’ll gain an understanding about the worldly and eternal value of their time, education, and career. We’ll dig into the uses and dangers of credit, the foundations of saving and investing, and how to manage the risks and distractions this world will throw at their plans. Students will leave the course with a solid understanding of how to manage their resources from an eternal perspective.

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What's inside

Syllabus

Setting the Table

Before we start learning deeply on how to handle money, we first need to get on the same page on a couple questions, like what really is "money" anyway? And is having more money our only concern?

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Yogi Berra is credited with saying, "if you don't know where you're going, you'll end up someplace else" If you don't have goals, this world will beat you down and ultimately convince you there is nothing better out there for you. Fight those lies by setting a course, which will set the table for you to win with your money.

It may not feel like it, but every time you choose to spend your time or money on something, you are simultaneously giving up a whole host of alternatives. Knowing how much those alternatives cost is key to making the most powerful decisions you can.

The foundation of personal finance. If you are serious about reaching your goals, you've got to have a plan for the multiple thousands of dollars that will pass through your fingers in your lifetime....or just wing it....and see how that goes for you.

You would think that your brain and heart would be on your team when it comes to accomplishing your financial goals. Turns out they both can turn to traitors. But if you learn the tricks they try to play on you, then you can help them behave. 

There are many who seek to pry your dollars away from you. But you only want to give those dollars to those who will help you achieve your goals. This module will give you the radar to tell the difference.

Credit is like fire. It can be a powerful tool or a destructive force. Sometimes it's best to avoid it altogether. But what is credit anyway? Is it debt? How can you tell if it makes sense for you to ever borrow money? Let's find out.

Turns out if you find ways to maximize the value of your time, you can increase your income to substantial heights and reach your goals faster than you could ever imagine. This module will help you figure out how to make that happen.

Just because you earn a lot of income does not mean you get to KEEP a lot of income. The tax man wants his piece, and he's usually going to take it before you even get a chance to hold that money in your hand. Don't be caught off guard.

School can be a real drag, but continuing to educate ourselves could be the key to make all our dreams come true. Discover what difference making informed education decisions can make.

Sometimes, the only way we can increase our income enough to accomplish what we want is by taking our work in our own hands and starting a business. But entrepreneurship isn't for everyone. Let's take a look under the hood of starting your own company and why it might make sense.

God loves a cheerful giver and makes rich promises to those who freely give and acknowledge that at anytime God can give, and he can take away. It's dangerous not to know how God designed us to treat our money: with an open hand.

It's one thing to have income than expenses, but then you have a new problem of figuring out what to do with that surplus! Turns out, that money wants to do anything but sit idly by....it wants a job.

One of the most powerful forces in all of finance is compounding. And for those who learn how to harness such a powerful force, all of their financial goals become reachable.

There's a whole universe of investing opportunities in this world, so it's important to simplify our investment options to help us focus on how we personally make investment decisions. This investment stack will help.

This module will give you important bits of information that will take your stock market and investing knowledge from zero to "I no longer feel like an idiot when talking stocks". 

There are plenty of people in history who have had all their investments wiped out. That sounds the opposite of fun. But those people could have done more to protect themselves. This module will give  you the difference between truly investing and gambling.

A second look at taxes, this time seeing how they affect all areas of our finances (and not just our income). A well-educated taxpayer is one who will accomplish their goals faster.

This world is harsh, and it will do it's darnedest to disrupt your plans and keep you from achieving what's important. But you can put up some defenses against it. Insurance is the money equivalent of building a protective moat between your goals and the world. 

You have the knowledge, now go and turn a simple class into a powerful reality and fulfill the purposes God created you for!

Traffic lights

Read about what's good
what should give you pause
and possible dealbreakers
Explores the worldly and eternal value of time, education, and career, which can help students make informed decisions about their future
Covers the uses and dangers of credit, which is essential knowledge for young adults as they begin to manage their own finances
Examines the foundations of saving and investing, which are crucial for long-term financial security and achieving financial goals
Discusses how to manage risks and distractions, which are important skills for staying on track with financial plans in a complex world
Includes a module on 'Savvy Shopper,' which teaches students how to make informed purchasing decisions and avoid common consumer traps
Features a module on 'Give to Get,' which explores the principles of charitable giving and its potential impact on personal finances and well-being

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Reviews summary

Foundational personal finance for teens

According to learners, this course offers a largely positive introduction to personal finance specifically tailored for a young audience. Students praise the clear explanations and practical advice provided across key areas like budgeting, saving, understanding credit, and basic investing. Many found the content relatable for teens and appreciated the logical structure. The integration of a values-based perspective on stewardship was a unique and positive aspect for many, though some felt certain topics could benefit from more detailed coverage for broader applicability.
Integrates financial principles with ethical and spiritual values.
"I really valued the stewardship perspective integrated throughout the course. It's not just about money, but purpose."
"Liked how the course discussed giving and eternal value alongside saving and investing..."
"The ethical considerations and discussion on living with an 'open hand' were unique and appreciated."
Content is specifically designed for and resonates with teens.
"Finally, a finance course that doesn't feel like it's talking down to me or is super boring. It's perfect for teens."
"The examples used were relatable to my life and the decisions I'll be making soon..."
"I appreciated that the course addressed topics relevant to my age group like college costs and early career choices."
"It felt like the course was made just for big thinking teens like the title says!"
Concepts are explained simply and offer actionable steps.
"The course explains financial concepts in a way that is really easy to understand, not overly complicated."
"I learned practical ways to budget and save that I can start using right away. Very actionable tips."
"Made complex topics like investing seem approachable for someone my age..."
"The instructor broke everything down clearly, module by module, making it easy to follow."
Provides a solid foundation, but some desire more depth.
"Excellent overview of the basics, but some advanced investing strategies could have been explored more."
"Wish there were more detailed examples on specific tax situations relevant to young people starting out..."
"The course gives a great starting point, but you might need other resources for deeper dives into some topics."

Activities

Be better prepared before your course. Deepen your understanding during and after it. Supplement your coursework and achieve mastery of the topics covered in Personal Finance for Big Thinking Teens with these activities:
Review Basic Math Concepts
Strengthen foundational math skills to better understand budgeting, investing, and financial calculations covered in the course.
Browse courses on Percentages
Show steps
  • Identify areas of weakness in basic math.
  • Practice problems related to percentages and ratios.
  • Review the concepts of simple and compound interest.
Read 'The Total Money Makeover' by Dave Ramsey
Gain practical insights into debt management and wealth building strategies to complement the course material.
Show steps
  • Obtain a copy of 'The Total Money Makeover'.
  • Read the book and take notes on key concepts.
  • Reflect on how the principles apply to your own financial situation.
Create a Personal Budget
Apply budgeting principles learned in the course by creating a personalized budget to track income and expenses.
Show steps
  • Track your income and expenses for a month.
  • Categorize your expenses into needs and wants.
  • Create a budget using a spreadsheet or budgeting app.
  • Review and adjust your budget regularly.
Four other activities
Expand to see all activities and additional details
Show all seven activities
Design an Infographic on Compound Interest
Solidify understanding of compound interest by creating a visual representation of its power and impact on long-term savings.
Show steps
  • Research the concept of compound interest.
  • Gather data and examples to illustrate its effects.
  • Design an infographic using online tools or software.
  • Share your infographic with classmates or on social media.
Read 'Rich Dad Poor Dad' by Robert Kiyosaki
Explore different perspectives on wealth creation and financial independence to broaden your understanding of personal finance.
View CASHFLOW Quadrant on Amazon
Show steps
  • Obtain a copy of 'Rich Dad Poor Dad'.
  • Read the book and reflect on its key messages.
  • Discuss the book's concepts with others.
Develop a Savings Plan for a Specific Goal
Apply saving and investing principles by creating a detailed plan to achieve a specific financial goal, such as college tuition or a down payment on a house.
Show steps
  • Define a specific financial goal with a timeline.
  • Research different savings and investment options.
  • Create a savings plan with specific contribution amounts and timelines.
  • Track your progress and adjust your plan as needed.
Tutor a Younger Student in Financial Literacy
Reinforce your understanding of personal finance concepts by teaching them to someone else.
Show steps
  • Find a younger student who needs help with financial literacy.
  • Prepare lessons on basic financial concepts.
  • Meet with the student regularly to provide tutoring.
  • Assess the student's understanding and adjust your approach.

Career center

Learners who complete Personal Finance for Big Thinking Teens will develop knowledge and skills that may be useful to these careers:
Personal Finance Consultant
Personal finance consultants work directly with individuals to help them manage their money and achieve their financial goals. This course, *Personal Finance for Big Thinking Teens*, gives a broad overview of personal finance topics, including budgeting, saving, investing, and debt management. The course discusses important concepts such as setting financial goals and understanding opportunity costs. A personal finance consultant benefits from the course's teachings on how to maximize the value of one's time.
Financial Advisor
A financial advisor guides clients in making informed decisions about their money. This can include budgeting, saving, investing, and managing debt. The course, *Personal Finance for Big Thinking Teens*, helps build a foundation for this career and could be useful in understanding the fundamentals of money management. Grasping the essentials of budgeting, saving, and investing, as taught in the course, helps one develop a foundation to become a financial advisor.
Financial Manager
Financial managers are responsible for the financial health of an organization. The course, *Personal Finance for Big Thinking Teens*, helps build a groundwork for this career and may be useful in learning essentials of money management and stewardship. This course's emphasis on understanding the worldly and eternal value of time, education, and career is highly applicable. A financial manager benefits from understanding savvy shopping.
Budget Analyst
Budget analysts are responsible for helping organizations manage their finances by creating budgets and monitoring spending. This course, *Personal Finance for Big Thinking Teens* gives one a foundational understanding of the budgeting process. The course's emphasis on creating and using a budget to make better decisions is directly applicable to the skills needed as a budget analyst. Understanding the pitfalls to avoid, and how the heart and mind can betray financial objectives, are helpful lessons to learn before becoming a budget analyst.
Entrepreneur
Entrepreneurs start and run their own businesses, requiring a strong understanding of financial management and resource allocation. The course, *Personal Finance for Big Thinking Teens*, delves into the essentials of money management and stewardship, including how to create and use a budget. The course also discusses entrepreneurship, helping aspiring entrepreneurs decide if starting a company makes sense for them. Maximizing the value of time and understanding net versus gross income are helpful precursors for one who is exploring life as an entrepreneur.
Accountant
Accountants prepare and analyze financial records for individuals and organizations. The course, *Personal Finance for Big Thinking Teens*, provides a solid foundation in financial principles. The course explores how to manage resources and understand the uses and dangers of credit, which are relevant to accounting practices. An accountant benefits from understanding taxes, insurance, and estate transfers.
Economics Teacher
Economics teachers educate students on economic principles and financial literacy. The course, *Personal Finance for Big Thinking Teens*, gives a solid understanding of money management and stewardship. The course teaches how to create and use a budget, understand the uses and dangers of credit, and the foundations of saving and investing. An economics teacher would benefit from the course's discussion of taxes, insurance, and estate transfers.
Financial Planner
Financial planners help individuals and families create comprehensive financial plans to achieve their long-term goals. This course, *Personal Finance for Big Thinking Teens*, may be useful in gaining an understanding of various aspects of personal finance. The course covers budgeting, saving, investing, and risk management, which are all essential components of financial planning. A financial planner benefits from understanding the power of compounding.
Retail Banker
Retail bankers work directly with customers in a bank branch, assisting with transactions, opening accounts, and offering financial products. The course, *Personal Finance for Big Thinking Teens*, may be useful in developing a basic understanding of personal finance concepts. The course covers topics such as budgeting, saving, and understanding credit which are relevant to a retail banker role. Retail bankers can inform their customers about the importance of saving and investing.
Nonprofit Fundraiser
Nonprofit fundraisers raise money for charitable organizations, often requiring a good understanding of financial stewardship. The course, *Personal Finance for Big Thinking Teens*, may be helpful by delving into the essentials of money management. The course discusses the importance of giving and acknowledges that at any time, any person can give or take away. A nonprofit fundraiser benefits from knowing how people are designed to treat their money.
Real Estate Agent
Real estate agents help clients buy, sell, or rent properties. The course, *Personal Finance for Big Thinking Teens*, provides a foundational understanding of personal finance principles. The course's discussion on credit, debt management, and understanding financial risks helps real estate agents advise their clients. A real estate agent uses concepts such as net versus gross income and understanding of taxes.
Insurance Agent
Insurance agents sell insurance policies to protect individuals and businesses from financial losses. The course, *Personal Finance for Big Thinking Teens*, touches upon the importance of insurance as a tool for managing risks. The course helps anyone wishing to become an insurance agent understand how insurance acts as a protective moat between one's goals and the world. An insurance agent benefits from understanding the worldly and eternal value of their time, education, and career.
Investment Banker
Investment bankers advise companies on raising capital through the issuance of stocks and bonds. While an advanced degree is usually required, this course, *Personal Finance for Big Thinking Teens*, can provide helpful foundations for investment banking. The course's exploration of investing and the stock market may be useful. Investment bankers analyze the economic impacts of taxes and insurance.
Management Consultant
Management consultants advise organizations on how to improve their performance and efficiency. While an advanced degree is usually required, the course, *Personal Finance for Big Thinking Teens*, helps one to develop core competencies in efficiency. The course's teachings on setting goals, and understanding what money is, may be useful. Management consultants must be able to understand the value of time and education.
Data Analyst
Data analysts collect, process, and analyze data to identify trends and provide insights to help organizations make better decisions. While seemingly unrelated, the course, *Personal Finance for Big Thinking Teens*, may be useful through its focus on informed decision making and understanding opportunity costs. Data analysts are better at their jobs when they understand budgeting and finances.

Reading list

We've selected two books that we think will supplement your learning. Use these to develop background knowledge, enrich your coursework, and gain a deeper understanding of the topics covered in Personal Finance for Big Thinking Teens.
Provides a practical, step-by-step guide to getting out of debt and building wealth. It aligns well with the course's focus on budgeting, saving, and financial stewardship. The book offers actionable advice and real-life examples that can help students apply the concepts learned in the course. It commonly used reference for personal finance.
Challenges conventional wisdom about money and investing. It emphasizes the importance of financial literacy, asset acquisition, and entrepreneurship. While some of its advice may be controversial, it provides a valuable perspective on building wealth and achieving financial independence. It is best used as additional reading to expand on the course material.

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