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Money Masters Financial Literacy Practical Skills for Teens (Level 1)

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Adam Scott, MAT and RPG Club
Average rating:
4.9
Number of reviews:
(3,320)
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Dive into personal finance! Taught by million dollar business owner and career teacher Mr Scott. Learn about earning, saving, protecting, investing, and borrowing as it relates to financial health, includes 80+pgs of optional exercises.

Class Experience

US Grade 8 - 11
Beginner Level
12 lessons//12 Weeks
 Week 1
Lesson 1
Introduction, Overview, and Opportunity Cost
We will review the course goals, introduce the broad concepts of Financial Literacy, and address the "why" of being financially literate. We will also look at the key idea of "opportunity cost" and how it's understanding plays a key role in being financially successful
 Week 2
Lesson 2
Getting a Job and Earning Money
This class covers the importance of getting a job. This lesson will look at the "why" as it relates to the being financially literacy, as well as the "how" with respect to the process. Full support and "how to" is provided in the associated skill packet.
 Week 3
Lesson 3
Budgeting and Tracking
Class will cover budgeting as a key concept to becoming financially literate, and develop skills to track cashflow, set spending targets, and organize data.
 Week 4
Lesson 4
Banks, Savings Accounts, and Checking Accounts
This lesson will discuss how banks work, what services they offer in relation to savings, and how students can use these tools to support their goals.
 Week 5
Lesson 5
Credit Cards vs. Debit Cards
This lesson will cover how credit cards work, the pros and cons of using credit cards, as well as how they compare to debit cards (because they are very different, but look the same).
 Week 6
Lesson 6
Credit Scores
This lesson will define credit scores, inform students about how these scores are calculated, and then provide best practices to positively impact ones credit score.
 Week 7
Lesson 7
Loans
Students will learn about key loan concepts as well as major loan types such as student, auto, and home loans. The skills packet provides application practice to allow students to practice their decision making.
 Week 8
Lesson 8
Insurance
This lesson will teach key insurance related vocabulary and concepts, provide examples of common types of insurance (property, auto, and health) then provide students will practice application in the accompanying skills packet.
 Week 9
Lesson 9
Taxation
Students will learn about the broad idea of taxation, who, what, and why. We will discuss major taxation types such as income and sales, and taxation type impact so students can have informed discussions about their personal finances.
 Week 10
Lesson 10
Financial Investing: Statistics and Data
Students will learn about how to "put their money to work" via the purchase of financial assets like stocks, bonds, and ETFs. They will learn key financial statistics and one way to analyze stocks via "fundamental" investing strategies (focusing on the profitability of companies)
 Week 11
Lesson 11
Financial Investing: Strategy and Risk Threshold
We will discuss how to identify student "risk" thresholds, establish a plan before investing, and tools so that students can apply their investing knowledge
 Week 12
Lesson 12
Entrepreneurship Basics
This bonus lesson will provide students with insight regarding how entrepreneurial skill (ie: business) can help them accelerate their earnings and thus this entire process of becoming financially successful.
This class is taught in English.
  • Students will learn how to apply key ideas of "earning and working" to being financially literate.
  • Students will be able to understand the role banks play in their financial lives, and how to employ tools like savings and checking accounts.
  • Students will be able to explain how their spending choices relate to credit cards and their credit scores.
  • Students will be able to define key insurance and loan vocabulary and recognize its application across different financial products.
  • Students will be able to understand and identify key metrics for financial investing, such as price, P/E ratio, Beta values, and personal risk profiles.
Adam Scott taught Economics, Entrepreneurship, and History for 15 years in traditional classrooms around the US. He has a MAT in Social Studies education. He has built a company that that has served over 6,000+ clients in various online channels. 
0 - 1 hours per week outside of class
Homework
Frequency: included
Feedback: included
Details: Each week students will receive a skills packet exercise to apply at home with family. This is an optional task, and the instructor is happy to provide feedback in the classroom or via learner messaging.
Certificate of Completion
Frequency: included
Details: Students will receive a Certificate of Completion upon request indicating the concepts covered, lessons completed, and the date of completion.
Students should be able to understand statistics and percentages before enrolling in this class. 
In addition to the Outschool classroom, this class uses:
Class will use youtube clips on occasion to provide supplementary videos to reach learners of various styles. 
Joined May, 2020
4.9
3320reviews
Popular
Profile
Teacher expertise and credentials
Arizona Teaching Certificate in Secondary Education
Mr. Wright
Georgia Teaching Certificate in Science
Ms. Holly
Georgia Teaching Certificate in English/Language Arts
Mr. Keith, M.A.
Ohio Teaching Certificate in Social Studies/History
Adam Scott, MAT
Illinois Teaching Certificate
Mr. John
Master's Degree in Education from University of Phoenix
Mr. Wright
Master's Degree in Education from Lewis and Clark Graduate School of Education
Adam Scott, MAT
Master's Degree in Social Work from Loyola University
Mr. John
Bachelor's Degree from Oregon State University
Adam Scott, MAT
Bachelor's Degree in Psychology from Binghamton University
Mr. John
Hi there, I'm Adam Scott, RPG Club's head teacher and veteran classroom educator. RPG Club started as just me teaching kids on Outschool while I taught full time during the day. First it was D&D, then grew into Financial Literacy, Philosophy,... 

Reviews

Group Class

$159

for 12 classes
1x per week, 12 weeks
35 min

Completed by 67 learners
Live video meetings
Ages: 11-16
4-15 learners per class

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