Economics For Success

Let Their Success Be Your Inspiration

Overview

Introductions Expectations

Lesson 1: Dream Your Success

Lesson 2: Keep Your Balance

Lesson 3: Discover Yourself

Lesson 4: Plan Your Success

Wrap Up

Introductions

• Who am I?• What was my education path?• What do I do for a living? • Why am I here?

Me…• Only one person speaks at a time please• Be respectful and value the opinions of your peers• Have fun!

The Class…• Ask questions when you are unsure of a concept

or would like further explanation• An equal opportunity to participate

Dream Your Success

Mirror, Mirror!It’s time to think about what you want to do after high

school:

•What are your plans after high school?•Do you want to go to college, university or trades school?•Do you want to travel and study new languages?•Is money important?•Do you want to start your own company?•Where do you want to live? City, country or another province?•Do you want to spend time volunteering overseas?

Dream Your Success

Choose your SUCCESS!

• What is your definition of success?• What does success mean to you?• How do you measure success? Level of

education? Type of job? Owning a home/car?

Success is a Continuous Journey

http://www.ted.com/talks/richard_st_john_success_is_a_continuous_journey.html

Game: Keys To Success!

Your Goal…The Winner is the person with the most keys (KEY cards) to

unlock the door to success!

A Few Good Rules…•Player with the next birthday starts the game. •Everyone starts with 2 key cards

OPPORTUNITY KNOCKS cards can be either:Positive (seize an opportunity) – move forwardNegative (miss an opportunity) – move backwards

•The player to your right reads you the KEY card question.•The KEY cards must be answered correctly in order to keep the card.•The GRAB-A-KEY and GIVE-A-KEY squares allow you to steal or give keys to other players. You do not take cards from the pile.•If you pass GO you can grab 2 KEY cards from the pile.

Exploring Self Knowledge

values

What beliefs and ideals are important to you?

skills

What are you good at doing?

interests

What activities or hobbies do you enjoy?

Exploring Self Knowledge

Now that you have completed the Self Knowledge Triangle:

What kind of a career can you think of, that would incorporate one of your skills, one of your values and one of

your interests?

Example: I’m good at cooking, I’m interested in basketball and I value teamwork.

Answer: I could be a sports nutritionist for a pro basketball team and my value of teamwork could be used every day working with the players!

Discussion

• Why is it important to think about the future?

• Which part of self-knowledge is most important for making career decisions?

• Which part of self-knowledge most affects school performance? Why?

• Which part of self-knowledge most affects job performance? Why?

• What did you learn about education and future success?

• What can you be doing now to help yourself achieve success in the future?

Keep Your BalanceLets play a game!

• Name your team!

• Each team will Guess the Price of the following grocery store items

• The Team who has the closest guess to the actual price, WINS!

Guess the Price?

TIDE DETERGENT 2.95L/64 USES

Guess the Price?

KRAFT DINNER REGULAR SIZE 225g

Guess the Price?

ADVIL, 50 TABLETS

Guess the Price?

DURACELL,RECHARGABLE

4 PACK, AA BATTERIES

Guess the Price?

MAPLE LEAF “PRIME”BONELESS CHICKEN BREASTS, 5 PIECES,

Guess the Price?

RICE KRISPIES LARGE FAMILY SIZE

700GRAMS

Guess the Price?

12 LARGE BROWN ORGANIC EGGS, RABBIT FARM BRAND

12 LARGE WHITE EGGS,

Do you know the difference between

organic and non organic?

Guess the Price?Specialty Bakery-

Terra Breads, multigrain loaf 750gGrocery store bread

454g

It’s time to move out!

•You are now living on your own. •You will be paying for all expenses yourself. •You now have your drivers license.•You have a job, but only pays based on a high school education

A few pointers before we fill in the spreadsheet:– Accommodations can be shared, but it must be a 2 bedroom.

• Do NOT use the Accommodation information on page 8, please use the hand out or refer to slide 22 instead.

– Pay attention if your accommodation already includes utilities.– You may split household incidentals if you are sharing

accommodation.

Moving Day!

Where will you live?

$1000 / 2br - Beautiful 2 BR/ 1 BA, newly renovated (2148 E. 33rd Ave.) -Beautiful, newly renovated 2 bdrm suite with 1 full bath new gas range and very clean.$750 / 1br - Nice garden level bachelor suite (Mt Pleasant) -This nice garden level bachelor has a new kitchen, including new dishwasher, fridge & stove. The suite is in a well maintained character house on a quiet Mount Pleasant street. -Available now. Rent includes hydro.$950 / 2br - 520ft² - Centrally located 2bedroom suite located closed to Canada Line (Marine and Fraser)-Ground level two bedroom suite for rent with private entrance. -Rent is $950/ month all utilities included. No laundry.$600 / 1br - 1 Large Bedroom suite Private Entrance (Surrey)-One large bedroom suite above ground with new washroom.-Includes cable, hydro, Wifi . $1160 / 1br - 500ft² - 1 bedroom close to Stanley Park and Coal Harbour, 1 year lease-1 bedroom apartment available now-Heat and hot water included$900 / 2br - 900ft² - Vancouver Renfrew Heights Location 2 Bedrooms!! -We have a floor suite for rent. It is 2 bedrooms of decent size for $900 a month (non-negotiable).$800 / 1br - Awesome furnished private bedroom -Only one person allowed for this suite, which is the top level.-Everything included washer dryer, dishwasher , extremely highest speed internet ,utilities ,cable and cleaning provided.

HobbiesDo you have any hobbies? Do you know what they cost?

Cypress Mtn. Ski Pass!Pre-Season Pass Rates 2012/2013

Adult (18-64) $999Youth (13-17) $659

*Prices go up if you don’t buy pre-season!

Annual Pre-Paid Membership at Vancouver FitnessCenters & Swimming pools:

Adult: $357.00

Annual National Parks Pass(Grouse Mountain)

$99.00

If you liked the Moving Day Expense game, you can now play it online!

1. Go to: http://www.jacan.org/efs/kyb/session.php. Click NEXT on “Create new session ID”,

2. Type in the letters you see and click NEXT.

3. The final box will show your new Session ID. Click on Launch and you’re ready to play!

Click NextClick Next

Pay Day!

To calculate the annual net pay (or

what you will earn in a year), multiply the MONTHLY NET PAY

by 12!

FACT:

Did you know that minimum

wage in B.C is $10.25/hr?

Discussion

• Did you finish up your budget with a surplus (+) or a deficit (-)?

• What expenses did you find most surprising ? Was your budget realistic? Why or why not?

• Which items in your budget did you consider to be necessities? Which were luxuries?

• What surprised you about the monthly net pay versus the gross pay? Was the net pay what you expected?

• Was it difficult to live within your means with the net pay? What items did you have to delete from your budget to be able to live within your means?

Median Annual Income, by Level of Education, 2008–10

Sex & Year

Elementary/Secondary College

Less than 9th grade

9th to 12th grade, no

completion

High school completion (includes

equivalency)

Some college,

no degree

Associate degree

Bachelor's Degree

Master's Degree

Professional Degree Doctorate

                 

                 Men                  2008 27,964 33,435 43,165 50,359 54,861 82,197 99,516 166,065 129,773

2009 23,000 n/a 32,900 39,000 42,000 51,000 70,000 n/a n/a

2010 24,00024,000 29,000 40,000 46,000 50,00050,000 64,000 81,000 115,000 101,000101,000

                   Women                  

2008 21,346 21,937 31,533 35,888 39,948 54,204 65,039 100,167 83,762

2009 19,000 n/a 25,000 29,300 31,000 40,100 54,000 n/a n/a

2010 18,00018,000 21,000 30,000 33,000 38,00038,000 47,000 59,000 77,000 77,00077,000

More education = Higher pay!

http://www.infoplease.com/ipa/A0883617.html

What do these statistics mean?

Higher levels of education contribute to financial security through higher earnings, higher earnings growth, lower job loss risk, greater accumulation of net worth, and higher income in retirement.

For example, Canadians with a post-secondary education enjoy:•higher earnings, as much as $23,000 on average more than those with only a high school diploma •higher earnings growth over their careers •lower unemployment risks

Employability Skills

What Are Some Employability Skills?

Communication Working with Others

Positive Attitude & Behaviour

Adaptability

Problem Solving

1.  Communication Skills 6.  Learning Skills

2.  Teamwork Skills 7.  Computer Skills

3.  Time Management Skills 8.  Listening Skills

4.  Problem-Solving Skills 9.  Creativity Skills

5.  Organization Skills 10.  Leadership Skills.

They are employment skills that can be transferred from one job to another. These skills are used and developed in all areas of your life.

They are important to ALL employers! 

Top 10 Employability-Transferable-Essential Skills:

http://www.careernotes.ca/employability/top-10-employability-skills/

Employability SkillsWhat are Transferable Skills?

Discussion

• Are you employable?

• Why is it important to develop employability skills? How will having good employability skills help you achieve your success?

• What qualities is an employer looking for in a new employee?

• How will staying school help you develop good employability skills?

• Why is it important to continue to develop skills throughout your working career?

Hire this PersonPreparing for a job interview

-• How do I prepare for a job interview?• What do I bring to a job interview?• What do I say? What do I not say?• What should I wear?• What do I do, once the interview is over?

Our World Is Rapidly Changing. Can You Keep Up?

Video: Did you know 3.0? Updated for 2012

http://www.youtube.com/watch?v=YmwwrGV_aiE

Plan Your Success

Where Are The ‘Hot Jobs’ In BC?

Construction and

Manufacturing

Science and Technology

Film and Movie

Production

Reference: http://www.employment.alberta.ca/documents/LMI/LMI-LFS-Feb11-package.pdf; Retrieved March 15, 2011

Oil and Gas

Industry

Career Exploration & Career Planning

* You will revisit some or all of these steps, many times during your lifetime

STEP1

Learn About

Yourself

- Discover your interests / values / skills / personal traits!

Identify Options

Make a Decision

Set a Goal and Plan !

AlwaysRe-

evaluate !

- Repeat these Career Planning Steps throughout your life!STEP

2

STEP3

STEP4

STEP5

STEP6

- Identify steps needed to achieve the goal- Look at

decision-making styles.

- What did you learn about ‘you’ and how does that impact your research?

Research- Career Centre

- Print Materials

- Informational interviews

- Volunteering

- Job shadows

- Internet

- What career ideas do you have?

- What career ideas does your family / friends / teachers have?

- What level of education / training do you have or want to achieve?

FUTURE TRIVIA JEOPARDY

Directions1.Class divides in half.2.One student from Team A chooses a category, and as a team, you will try to answer the question.3.If you get the answer right, the points are awarded; if you get it wrong, your team does not get any points.4.Team B then goes next.5.Discuss each of the answers as needed.**Click on the piggy bank icon on the bottom right to take you back to the game board.

HAVE FUN!

JOBS JOBS and PAY JOB HELPIN THE

WORKPLACEPOST

SECONDARY

10 10 10 10 10

20 20 20 20 20

30 30 30 30 30

40 40 40 40 40

50 50 50 50 50

FUTURE TRIVIA JEOPARDY**Click on the piggy bank icon below, to RETURN HERE**

What Does a “Civil Engineering Technologist” do?

a. Referees soccer gamesb. Interviews people on favourite food brandsc. Works with engineers, architects, surveyors and contractors in

designing buildings, roads, etc.d. Draws pictures for most engineering textbook and magazine

covers

C

What does an “Insurance Adjuster” do?

a. Puts yellow lines on the roadb. Works with grocery stores to look at what foods to sellc. Decides what music is played on a radio stationd. Decides if an insurance claim is covered by the insurance

company

D

What does a “Pollution Control Technologist” do?

a. Looks at aircraft equipment to make sure the plane is safe to flyb. Manages environmental pollutants in soil, air or waterc. Fixes air conditioners and controls the temperature dialsd. Flies kites in Florida

B

What does a “Podiatrist” do?

a. Cleans clay potsb. Takes care of feetc. Fixes roller coastersd. Paints road signs

B

What does an “Illustrator” do?

a. Makes glue in a factoryb. Tests shoes used in professional sports, including footballc. Creates pictures for different products like books, reports,

cereal boxes, etc.d. Manages a grocery store

C

Name two possible deductions from a salary?

a. C.P.Pb. E.I.c. Union Duesd. Income Taxe. Uniforms

All of these are deductions!

What does “S.I.N” stand for?

• S.I.N stands for Social Insurance Number.

• The Social Insurance Number (SIN) is a nine-digit number that you need to work in Canada or to have access to government programs and benefits.

• If you are a Canadian citizen, a newcomer to Canada or a temporary resident, you need a Social Insurance Number (SIN) to work in Canada or to receive benefits and services from government programs.

True or False: You cannot get a S.I.N until you get your

first job?

FALSE – You need this before you start your first job. You can get a S.I.N as soon as you turn 12 years old.

What is E.I?

• E.I. stands for Employment Insurance

• E.I. provides temporary financial assistance to unemployed Canadians who have lost their job through no fault of their own, (for example, due to shortage of work, seasonal or mass lay-offs) while they look for work or upgrade their skills.

• Where does the money for E.I. come from? Every paycheck you receive, deductions are made and this money goes into a type of “E.I. bank account”. When you require temporary financial assistance due to a lay off, the money is there to pay bills while you look for work.

• If you never require these funds in your working career, you do not get a refund when you retire.

What is “NET PAY?”

• The money you take home after taxes and other deductions have been subtracted from your paycheck.

What is Job Shadowing?

• Job shadowing is a career exploration activity that offers an opportunity to spend time with a professional, currently working in a person’s career field of interest.

• Job shadowing offers a chance to see what it’s actually like working in a specific job.

• Not only do job shadowers get to observe the day-to-day activities of someone in the current workforce, they also get a chance to have their questions answered.

What is an informational interview?

a. When an employer asks questions to see if you could do the job.

b. When a reporter does a story on your job.c. When you interview someone working in a job that

interests you to learn about it.d. None of the above.

C

True or False: There is no help for young entrepreneurs

under the age of 25?

False – There are many government programs that can assist young people who want to start up their own business.

For example, Community Futures can help young people start small businesses.

http://www.communityfutures.ca/programs/programs-for-entrepreneurs/index.php

What is Job Sharing?

• Job sharing (also known as work sharing) is when two or more people share a job that would normally be filled by only one person. Both people work part-time hours.

What information can you find at www.jobbank.gc.ca?

• This Government of Canada site lists job postings from across Canada.

What is the difference between employee and employer?

• An employee works for the employer.

• An EMPLOYER is a person or organization that employs people.

• An EMPLOYEE is a person employed for wages or salary

True or False:“HIRE-A-STUDENT” is a program that

helps young people find work?

True – Human Resources and Skills Development Canada assists young people in finding jobs for the summer.

What is “Apprenticeship Training”?

a. Training for the Canadian Olympic Teamb. Training to learn a skilled trade, while earning moneyc. Training to learn a skilled trade but the training is very

expensive

B

True or False:You will not have many “employability skills” until you graduate high school?

FALSE – You have lots of employability skills right now, and you will continue to develop them!

As many more people retire, what does this mean for Canada’s future workforce?

• There will be a greater need for skilled workers to replace the retired ones.

From this list, name the three most common degrees you can earn at university.

a. Bachelor’sb. Singlec. Doctorated. Privatee. Master’s

True or False: There are no grants available for people

studying in the arts?

FALSE – The Canada Council for the Arts is one example that provides grants to artists.

True or False:Anyone attending a post-secondary school

can get a Canada Student Loan?

FALSE – The Canada Student Loans Program is for certain Canadians who can prove they cannot afford school.

True or False:To become an “engineer”, you need to take

a one-year course at university?

FALSE – The program at university is about 4 years.

True or False:You cannot get a degree from a

community college?

FALSE – It is common to receive a diploma from a college but many colleges do offer degrees, such as associate or applied.

degrees.

Role Models & Mentors

Question: Who can be a role model?

Answer: A role model can be a friend, family member, public figure, musician, etc.

It is someone we admire and look up to for their qualities, interests, values and skills.

Question: What is a Mentor?

Answer: Mentorship is a personal developmental relationship in which a more experienced or more knowledgeable person helps to guide a less experienced or less knowledgeable person. However, true mentoring is more than just answering occasional questions or providing ad hoc help. It is about an ongoing relationship of learning, dialog, and challenge.

Setting a Goal!

• Goals are important, as they provide a tangible milestone for you to aim for!

• Record at least one goal on page 26 of your Student Workbooks

• What goals have you set for yourself?

Wrap Up

Thank you very much for your time & cooperation today!