How can people be in control of their money and time? How can I best choose a bank? What should I spend on? What percentage of my money should I be using for every thing? How can I manage my time? What is debit? Credit? Stock market? Income? Loans? Taxes?
THESE were all questions that started to pop up in my 16 year old mind with no background knowledge at all in this subject. After prioritizing our learning as a class all these questions were reduced to one main idea: SHOULD I INVEST ON THIS?
Through the month we have set the goals to learn about four wide topics: budgeting, investing, loans and financial scams. But as we are an INNOVATION academy and we learn through putting all the concepts in practice we have already began three main projects.
First, we will be learning individually how to budget our time. Constantly, I will have to start asking the question in what should I invest my time on.
Am I doing every thing that is important to my life? Am I getting enough sleep? Do I have too much "chillin time?...
WHAT WOULD YOU DO WITH $3000 dollars?
Real money is in play and like the real world we can either WIN or LOOSE.
It is our responsibility to find what should we invest on, how and why should we invest on it, for how long should we invest in it, what is our vision, what is the risk and the rate of return (yield). We will not only get to propose our idea but actually put it in action. For me having the opportunity to manage money in a project of our own is a little scary but very motivational as our failure or success will completely be based on how we apply the concepts we are learning in class.
As I've seen in my life, money is not happiness but being aware of it and knowing how to manage it gives you power. The knowledge I desire to extract from this new unit will be applicable to take wiser choices in my daily life and will hopefully empower me to start working on my credit NOW in order to be prepared for the future and even start financing upcoming investments such as college.