Financial Literacy for Kids (Flexible Schedule)
Did you know that you can start building wealth TODAY? Warren Buffett bought his first share of stock at 11 years old. Learn how to invest in the stock market, learn the difference between credit vs banking and how to retire a MILLIONAIRE!
Keallah Smith, Entrepreneur & Investor
Average rating:
4.8
Number of reviews:(192)
What's included
0 pre-recorded lessons
5 weeks
of teacher support1 year access
to the contentHomework
1 hour per week. Homework will be assigned weekly and should be turned in by the following Monday.Class Experience
This is a FLEX schedule class and there will be no live classes. If you are interested in taking this course live, click here: https://outschool.com/classes/financial-literacy-for-kids-5ocBtnmf?usid=dJkK3Q7c&signup=true&utm_campaign=share_activity_link __________________________________________________ On Mondays, students will receive a link to view the current weeks lesson. Each lesson will have a homework assignment to complete after viewing the lecture. Each week, the assignment will be graded for completeness. Students are able to interact with the teacher and other students by asking questions in the classroom, completing homework assignment and sharing their results. __________________________________________________ Intro: Financial Literacy is a skill that is imperative for success in life but is also seldom taught. This class will review 4 basic financial topics (the Stock Market, the Time Value of Money, Credit Cards & Credit Scores and Banking). Each week, students will receive a handout with key terms that they will learn in class to assist in note-taking. There will also be homework each week to help drive home the points learned in class. The first week, we will create a mock stock portfolio based on current stock prices and we will see whose portfolio outperformed the rest, and why, in the last class. Each week, students will have an assignment that will take about an hour per week. No background knowledge about finance is needed to join. Topics by Week: Week 1: Stock Market -The 3 stock market indexes -How to start an investment account for a minor -What to look for when choosing stock -Students will be given a Mock Brokerage Account where they will need to pick stocks for their portfolio based on what was learned in class. Week 2: Time Value of Money (TVM) -Students will explore the TVM concept and will see how to apply this concept to real life situations like investing and making loan payment. -We will learn how to calculate how much an investment/sum of money is worth in the future -We will see first hand the benefits of investing money NOW, rather than later Week 3: Credit Cards and Credit Scores -We will explore such questions as: Is debt bad? Will I need a credit card? What is a credit score? - We will review what to look for when choosing a credit card -How to be responsible with a credit card at any age -How is a credit card different from a debit card -How your credit score is calculated Week 4: Banking -We will explore the difference between a Banks and a Credit Unions / Brick & Mortar vs Virtual -Checking vs Savings accounts -Certificate of Deposits (CD) -2008 U.S. Financial Crisis Week 5: -Review the Mock Brokerage Accounts and see how the students investments did and examine factors that affected the gain/loss as well as investment strategies
Learning Goals
This class is a great way to introduce yourself to the great big, and sometimes confusing, world of finance and begin the path to be a financially independent adult.
Upon leaving this class, your child will have an understanding of the importance of investing and how the stock market works, banking and how credit works as well as how to do basic financial calculation such as what your student loan payments will be or your expected retirement account balance given an initial investment of a certain dollar amount.
Other Details
External Resources
In addition to the Outschool classroom, this class uses:
Joined July, 2019
4.8
192reviews
Teacher expertise and credentials
Finance has been a passion of mine since I was young. As a child, my mother used to let me help her write checks for the bills that came in the mail and she taught me how to responsibly use a credit card at the age of 14. My mother went on to write a book about Personal Finance and I went on to earn two business degrees from Georgia State University. While in college, I was amazed at how many adults did not know the basics of personal finance such as opening a savings account, how to buy stock or how their credit score is calculated. Now that I have a family of my own, I teach my children age appropriate finance, which I want to share with you.Reviews
Self-Paced Class
$14
weekly1 pre-recorded lesson
5 weeks of teacher support
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1 year of access to the content
Completed by 188 learners
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Ages: 10-15
