Using Financial Football - Module 1: The Fundamentals of Investment
Learning Goals/Objectives:
Goals
• Give students a solid foundation of knowledge on which to build financial literacy
Objectives
• Learn how to compute net worth
• Learn to identify expenses
• Define assets and apply the definition to real-life examples
• Define liabilities and determine their relation to assets
• Combine the understanding of all these concepts into a base for future learning
Overview:
The Financial Football Training Camp is a lesson plan that will help you teach important financial literacy skills to your students. The four modules, each designed to teach in a 45 minute class, cover skills and information that will be vital to students' futures.
Activities:
Module 1: The Fundamentals of Investment
The entire game of football is based on a few basic skills: blocking, tackling, passing and running. To be a successful football player, one has to have a solid understanding of the fundamentals. All other aspects of the game are based on these essential skills.
Financial success depends on fundamentals, too. The components of net worth: revenues, expenses, assets and liabilities – a solid knowledge of these skills will prepare students to perform their best and to succeed in the world of finances. And unlike football, everyone plays in the game of finances.
Revenues and expenses are two of the most important concepts for students to understand. In this lesson, students will learn the answer to the question, “Where is my money going?” Without knowing where it’s going, students can’t cut expenses, create a budget or save.
This lesson also teaches students about net worth, assets and liabilities, concepts that are the basis for many future lessons. They’re the first step in understanding debt and investing.
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