Learn Money Week 2014 Presentation
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Transcript of Learn Money Week 2014 Presentation
![Page 1: Learn Money Week 2014 Presentation](https://reader033.fdocuments.us/reader033/viewer/2022060109/5554212ab4c90572068b4a6e/html5/thumbnails/1.jpg)
$198 Million $1.98 Billion
$19.8 Billion $198 Billion
A B
C D
LearnMoneyWeekWELCOME!
How much is Mark Zuckerberg,the creator of Facebook worth?
Mark is the youngest self made billionaire
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McDonalds
AmazonWalmart
Microsoft
A B
C D
Which of the following companies had the largest income last year?
Walmart makes more money than Norway
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Jay-Z and Beyonce KnowlesJay-Z and Beyonce Knowles
David andVictoria Beckham
Angelina Jolieand Brad Pitt
Kim Kardashian and Kanye West
A B
C D
Which of the following couplesis worth $1 billion?
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$160 Million$30 Million
$300,000$0 he passed away in 2009
$160 Million
A B
C D
How much money did Michael Jackson make last year?
All this money now goes to his children in the form of inheritance
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There is more Monopoly money printed in a year, than real money printed throughout the world.
The amount of money in a Monopoly game is
$15,140
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Why Save?
£400
£230
£30,000
£1,500
£250,000
£10,000
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What is Interest?A % reward for saving,
or a % charge for borrowing
If at 12 you started saving £10 a month at home, you would have just over £2000 by the time you were 30.
If you saved it in a bank you could have over £3,500!!!
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Pensionswork in a similar way
Startat 20
Start at 30
Based on average savings there is a massive difference between starting a pension at 20 and leaving it until you are 30.
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If you saved £2.50 every day from the
age of 14 in a savings account with 8% interest,
you'd save £1 million by the age of
70!
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Why Borrow?
£400
£30,000 £1,500
£250,000
£10,000
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BorrowingWhen working out if you can afford to borrow
money always look at these 3 things
Amount How Long (term)
Interest Rate %
£1000 1 Year 9.9%
You would end up paying back £1054.43
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BorrowingWhen working out if you can afford to borrow
money always look at these 3 things
£1000 1 Year 22.9%
You would end up paying back £1128.34
Amount How Long (term)
Interest Rate %
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BorrowingWhen working out if you can afford to borrow
money always look at these 3 things
£1000 3 Years 9.9%
You would end up paying back £1159.93
Amount How Long (term)
Interest Rate %
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BorrowingWhen working out if you can afford to borrow
money always look at these 3 things
£1000 3 Years 22.9%
You would end up paying back £1391.67
Which do you think is the best
deal?
22.9% £1391.67
9.9% £1159.93
£1000 3 Years
£1000 3 Years
Amount Term Interest rate %
£1000 1 Year 22.9% £1128.34
Total repayment
£1000 9.9% £1054.43
1 YearAmount How Long
(term)Interest Rate %
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Where could you borrow money from?
BankFamily + FriendsCredit CardsCredit UnionMicrofinanceLoan Shark
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Money Marathon
Roll the die and see what square you land on – follow the instructions written on the sheet.
The winner is the first person to reach the Finish Square!
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What is the definition of Interest?
How much would you have to save a day to become a
millionaire?
What does the bank do with the money savers
put in?RECAP
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Thank – you!
RECAP££££
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