Tiêu đề L2 Session 4 ✅

CLASS JOURNAL Level 2 - Session 4 FINANCE EDUCATION FOR KIDS OF AGE 8 - 15 CREATED BY IIM CALCUTTA ALUMNI
Lisa's Savings ● Lisa wants to buy a special sticker album that costs $20. ● She receives a weekly allowance of $10. ● Lisa decides to save $4 from her weekly allowance instead of spending it all. ● After 5 weeks, Lisa will have saved $4 x 5 = $20. ● Yes, she will be able to buy the sticker album by saving and setting a goal. Why We Save ● We save because we can't predict the future. ● Saving money can help us become financially secure and provide a safety net in emergencies. ● Saving gives us freedom and peace of mind. ● Money saved can be invested, like planting a seed that grows into a money tree over time. "Rich Dad Poor Dad" ● The book "Rich Dad Poor Dad" by Robert Kiyosaki features two main characters: ● Rich Dad is a money expert who saves and invests his money to make it grow. ● Poor Dad spends everything he earns and doesn't save or invest. ● The book teaches the importance of learning about money to have a better future and make smarter choices.
"The Psychology of Money" ● "The Psychology of Money" by Morgan Housel is another book mentioned. ● "Psychology" refers to the study of the mind and behavior. ● The book discusses: ● Money and happiness, emphasizing that having too much of something may not lead to more happiness. ● Long-term thinking and how smart money choices today can lead to a happier and more secure future. ● Avoiding greed and the idea that wanting more and more might not always lead to satisfaction. Decision Trees for Money Choices ● Decision trees are like treasure maps guiding us to make smart money decisions. ● They help explore options step by step. ● A decision tree might be used when deciding between spending money on a new video game or saving for a big adventure. CONTACT US: https://brightchamps.com/