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Posted by Tim Ranzetta
Asked on December 16, 2015 9:39 pm
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When I begin the unit, I start by asking them if they’d like to be millionaires then I ask them how much they think they would have to save in order to have a million dollars when they retire. then I use the interest calculator from econed http://www.econedlink.org/interactives/index.php?iid=2 and we play with it for about 20 minutes. The students love this and they can see how much more they will have later if they start saving today!

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Posted by jholmquist
Answered on December 17, 2015 6:26 am
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I just saw this color-coded chart that shows the age you can retire depending on your spending rate and the age when you start saving: http://lifehacker.com/this-chart-estimates-when-you-can-finally-retire-based-1748506449?utm_campaign=socialflow_lifehacker_facebook&utm_source=lifehacker_facebook&utm_medium=socialflow

It’s a good place to start a conversation and easy enough to read and understand for high school students (and adults).

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Posted by Anna
Answered on December 23, 2015 3:57 pm
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Here is a link that very clearly demonstrates the benefits of investing early and how each of them can retire a millionaire. It is pretty powerful for them to understand that their Starbucks each day or getting their nails done over the course of 30 plus years can amount to hundreds of thousands for dollars. http://www.daveramsey.com/blog/how-teens-can-become-millionaires/

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Posted by mbentivegna
Answered on January 11, 2016 11:53 am
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I use a face aging app so students can see themselves as an older adult. I like the faceretirement.merrilllynch.com website because it projects the future cost of specific items. Students get to see their elderly face and they can see what the cost of items could be.As a visual reminder that they are responsible for transporting themselves into their elderly years, I have students take screenshots of their aged face, print it and glue it on to a mode of transportation of their choice. I then hang their modes of transportation on a financial literacy-themed bulletin board for the rest of the year.

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Posted by tdesmond
Answered on April 7, 2016 6:28 pm
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