Please help !! All directions have been provided !! Thank you, god bless you !! All pages please !! :)

Introduction If you have ever experienced financial hardship or grew up with financial hardship, you might wonder how you can overcome such Employment trends challenges or how you might be able to live a better life without Are you professionally fashionable or not? the stressors of money problems. Now that you have reviewed scarcity and all these complex ideas about the economy in the United States, we can focus on you and establishing a financial plan for your future and add to your plans after high school that you established in LEP 1. This Learning Events Packet will explore personal finance, which is essentially ways people can make better decisions about their financial life and future. You will research different career decisions again, including looking at salary and what it takes to get the job you want. You'll also be explore why you might want to consider savings or investing as a means to earn more money. Essential Question How do you think monetary and non-monetary incentives impact your decisions? (You may write, draw, or create a mind map below to answer the question.) lifelong California Economics LEP 5 HS - LAL Economics (2021)2. Explain some of the consequences of using credit. 3 Describe some of the advantages of opening a line of credit. A m m /\\ 4 What are the advantages 0f creating a budget? Explain. HS - L41. Economics (2021) 1C Specializing and Overcoming EXPLORE DIRECTIONS: Read the information below, then watch the video and fill out the bottom of the page after watching Liz's story. To become a software engineer, you generally need a four-year degree or higher in computer science or related degree. Whereas with the warehouse worker, they are not specialized in a career, sa they are paid less because there are plenty of people who are able to do that job. To get the most out of your career, you might want to consider selecting something that is in demand and requires a specialization, so not a large majority of people can do it. If you do that, you are less likely going to be replaced and are likely to have higher pay. There are also other factors that influence what someone chooses in their career like fulfillment or passion. Those kinds of careers may not pay as high as, say, a software engineer at Amazon, but people who seek those jobs made that scarcity decision to choose one career over the other. Do you recall the idea of opportunity cost from LEP 1 of this course? You generally only have time for one full-time job because time is limited, so you are likely going to choose passion or a higher paying job. Sometimes those things collide and you may not have to choose. It is possible that you may choose not to pursue either because of the unwillingness to see a way to make it happen because of the current financial situation you might be in. If you find inspiration to want to improve your financial life, then the budget support you will find at the end of this LEP should be able to help. It isn't easy for many people to make their dreams come true, but there are ways to find a way out. Please watch the video below to listen to Liz Murray's story of how she went from homeless to Harvard University and then answer the questions below: Youtube search: TEDxYouth@ SanDiego - Liz Murray OR follow the link: https://www.youtube.com/ watch?v=dbleDqLdhaE 12:26 Describe your reactions from listening to Liz's story. LEP 5 lifelong California Economics HS - LAL Economics (2021)Additional Research Resources ELABORATE DIRECTIONS: Please take this opportunity to conduct further internet research and record your notes below. Also, watch the videos at the bottom of the page to get more information on retirement. Internet Research Title of the website, video, or article: (Example: Dawn of Democracy) URL or other identifying information: (Example: www.youtube.com/watch?) Credibility of the author/site: How trustworthy the site/author is (circle one): Very Credible Not Credible Somewhat Credible Credible Video Research D To get more information on retirement and investment, watch the video below. You Tube search: Retirement: How long will it take you to save your first $100,000? OR follow the link: https:/ www.usatoday.com/story/money/per- sonalfinance/retirement/2018/07/18/ 1:48 how-long-take-to-save-your- first-100000/36720613/ LEP 5 HS - LAL Economics (2021) lifelong California Economics 24you better understand the deant\" , EXPLAIN DIRECTIONS: You will use the Frayer Model below to hellJ characteristics, and examples of savings. that pays interest on avings account is an account Savings; money set aside for future use. A s f that account at any time. deposits, but allows people to take money out o Characteristics Definition Key ideas or features of savings. Your denition of savings in your own words. Nan-Examples Domestic Examples , . Give examples of how savings can ' ' Draw an image ofbene ts of Savings help you. LEP 5 HS - L4L Economics (2021) 10 3. On p. 323, look at Figure 11.7. What retirement plan does the graph advocate for? Explain why. /\\ A A 4. Explain the risk-return relationship. (p. 313) //\\ A A A 5 What is a Certicate of DeP051t? Do you think you can use it for retirement? Explain. (p. 314) 25 3. Why might it be a good idea to invest in life insurance? Explain. /\\ /f\\ 4 Do you think it's best to invest earlier or later in life? Explain your answer. HS - L4L Economics (2021) 27 Investment Options Chart EXPLAIN DIRECTIONS: Use the pages next to the investment type to complete the chart below. Investment Type High Low Risk? Risk ? Advantages Disadvantages Stock Market (p. 318-321) Bonds (p. 310) Mutual Funds (p. 321-322) Real Estate (Search the inter- net to complete this chart) 1. After filling out the chart, what do you think is the best investment option? Explain. LEP 5 HS - LAL Economics (2021) 19 lifelong California EconomicsLesson Vocabulary Background Essential Question I - W11] understand how a bUdget can influence my spending and future goals. Identify the importance in developing a personal budget. Examine the importance of a savings account. Essential Question Frayer Model: Savings Savings Simple vs. Compound Interest Using Credit What Does Your Credit Score Mean? Lesson 2 Evaluation ' The denitions of the words in bold below are in the Glossary in the back of the LEP. Budget Savings Interest Federal Deposit Insurance Corporation (FDIC) DUDDDDD In order to understand what you will be able to do after high school, you need to be able to identify how much money you have coming in and how much is spent. This lesson will review how to create a budget and utilize a savings account to make more money. Now that you have more information on this topic, re-answer this question: How do you think monetary and non-monetary incentives impact your decisions? (You may write, draw, or create a mind map below to answer the question.) Lesson 4: Protecting and Insuring ENGAGE Performance Task I can understand how some money per month spent on retirement can be utilized for my future; as well as protecting myself and family with the use of health and life insurance. Lesson Goal I will learn about the importance of protecting myself from unknown factors that occur in life. Lesson Activities Warm-Up Activity Protecting for When Things Happen Additional Research Resources Textbook Based Questions Life and Health Insurance Lesson 4 Evaluation Lesson Vocabulary The definitions of the words in bold below are in the Glossary in the back of the LEP. Pension Fund Individual Retirement Account (IRA) 401K/403B Background Other investment options have to do with retirement and protecting yourself when emergencies happen, like having life insurance. This lesson will review some retirement options to invest in, as well as the importance of having health insurance. Warm-Up Activity How do you suspect you can best prepare financially for retirement? LEP 5 HS - LAL Economics (2021) lifelong California Economics 22Lesson 3 Evaluation EVALUATE DIRECTIONS: Use the information from Lesson 3 to help you answer the questions below. Name some investment options available to you. Which investment do you think has the lowest risk? Explain. What investment do you think has the most opportunity? Explain. Do you think that these types of investment opportunities are better or worse than using a savings account? Explain your answer. LEP 5 HS - LAL Economics (2021) lifelong California Economics 21What Does Your Score Mean? ELABORATE DIRECTIONS: Read the information below and fill out the questions at the bottom of this page. This information will help you answer questions at the end of this lesson. Credit Score Chart Excellent Very Good Good Fair Poor Very Bad 800-850 750-799 700-749 650-699 600-649 300-599 Expect the lowest possible You will be eligible for most Only secured loans are given interest rates and best terms. loans with good rates. for people in this range. How does my score impact me? You can see from the chart above that there is a range of credit scores. The left represent a high credit score. The right side of the chart shows very bad credit scores. Explain in your own words why you would want to keep a higher credit score. How can you make sure you keep a good credit score? Feel free to search online to get more information regarding credit scores and how you can have a strong score. LEP 5 lifelong California Economics HS - L4L Economics (2021) LEARNINLesson 1 Evaluation EVALUATE DIRECTIONS: Use the information learned in Lesson 1 of this Learning Events Packet to answer the questions below. 1. As far as earning the most income goes (not interest or fulfillment), what factors influence how much your career will pay you? 2. What are other factors besides income that make people want to work for a specific company? 3. Looking at your career choices, which one are you most interested in? Explain why. 4. Web research or talk to school counselor: What do -! Stop! You're where Open Your Own Business you have to do to obtain that career? Highlight the chart you want to be. on your right to show what path you need to take. You can also explain what you have to do to get to here. Stop! You're where you want to be. Join the Workforce College Join the Workforce Community College or University Military Trade School Start Options After High School lifelong California Economics LEP 5 HS - LAL Economics (2021)PerformanCe Task Lesson Goal Lesson Activities Lesson Vocabulary Background Warm-Up Activity port future aspirations in life. Understand how investing options can sup 1 can understand some options for investment Opportumues' Warm-Up Activity Ways of Investing Investment Options Chart More on Investment Options Lesson 3 Evaluation UEIDEID ' The denitions of the words in bold below are in the Glossary in the back of the LEP. Stock Market Bonds Mutual Funds Real Estate Share With a budget, you can identify how much money you make and if there is extra money to spend. If you nd extra money, you might want to consider some investment opportunities. This lesson will explore some options for you to maximize your investment and earn more money for the cash you have already earned. How might credit scores and creating a savings account help you reach your future aspirations? Explain your answer. HS - L4L Economics (2021) 16 _ . - a. .r: er uest' DIRECTIONS: Complete the activities below. This information Wlll help 3'0 1 ar w q ions at ' the and of this lesson. Let's take a look at how some of your favorite corporate companies are doing in the stock market. You might want to eventually consider this is an investment because you enjoy the products sold by this corporation. List your favorite three corporate companies: 1. 2. 3. Now go to Google and search your company's name and then type in the word \"stock\" (ex. stock). Then hit the enter button. The rst thing you should see is a line graph. This line graph represents a Market Summary of how well the stock for that company is doing. You can also see how much it costs to buy a share for that company. What do you think the graph and money per share says about how well your company is doing? Explain. __._'\\__ W W '\\ If you had extra income to invest in something, would one of those companies be something you would like to invest in? Explain. m m \"II/N HS L4L Economics (2021) 20 Lesson 1: Earning Income ENGAGE Performance Task This lesson I will reflect on my future career goals and what I want to do after high school. Lesson Goal I can explain how the never ending problem of scarcity affects people's daily choices. Lesson Activities Warm-Up Activity What Am I Going to Do After High School? Options Available After High School Earning Income Specializing and Overcoming Lesson 1 Evaluation Lesson Vocabulary The definitions of the words in bold below are in the Glossary in the back of the LEP. Specialization Background This lesson will continue to explore options after high school and discuss ways to ensure a better financial future. Warm-Up Activity What are your career plans after high school? Explain. LEP 5 HS - LAL Economics (2021) lifelong California EconomicsEarning Income ELABORATE DIRECTIONS: Read the introduction below and then make sure you have a computer or cell phone available, so you can answer the questions that follow. List three job or career options you are considering after high school: 1. 2. 3. Now, do some internet research on each job selected using Glassdoor.com. Search each job and look at the average salary. Once you find out how much the average wage is for each job selected, enter it below. Job 1 name: Average salary for this job: Job 2 name: Average salary for this job: Job 3 name: Average salary for this job: Salaries are not the only thing that are worth something. When you decide to work for a company, you are agreeing with the company that you will do a job for a certain amount of money (i.e. salary or wage), but there are other factors that more professionals are looking for before agreeing to work for a company, like the quality of the benefits provided from a company. Using Glassdoor. com again, search the position Software Developer I with the company Amazon and click the benefits tab to see what other types of benefits are included in that job. What are different types of benefits offered by Amazon? Using Glassdoor.com, analyze two different positions using the company Amazon: Software Developer I and Warehouse Worker. What is the wage of a Warehouse Worker? What is the wage of a Software Developer I? Why do you suppose that there is such a large pay gap between the two jobs? LEP 5 lifelong California Economics HS - LAL Economics (2021)