HOW TO REALLY BE A MILLIONAIRE The economic
HOW TO REALLY BE A MILLIONAIRE The economic way of thinking
BR 1. How much do high school students know about personal finance and economics? 2. Is there payoff for learning personal finance? 3. Why did some rich athletes go broke?
Correct Answers On two major national tests, the average score was an F. Yes, it can make you wealthier. There are more reasons for that; one of them is that they didn’t have personal finance in high school.
Rich Athletes Who Went Broke According to Sport Illustrated, about 78% of former NFL players are broke or financially stressed after retirement, and 60% of former NBA players go broke five years after retiring.
Raghib “Rocket” Ismael He played two years in Canada and 10 in the NFL. Estimated lifetime earnings: $20 Million.
Evander Holyfield 4 -time Heavyweight Champion of the World Estimated lifetime earnings: $250 million
Lawrence Taylor New York Giants MVP Estimated lifetime earnings: $50 million
Darren Mc. Carty Stanley Cup winner, 11 -year Detroit Red Wings player Estimated lifetime earnings: $10 million Darren Mc. Carty
Travis Henry Starting running back for the Buffalo Bills, Pro Bowl selection Estimated lifetime earnings: $20 million
John Arne Riis Estimated lifetime earnings: $20+ million
Scottie Pippen 6 NBA championships with Michael Jordan, forward for the Chicago Bulls Estimated lifetime earnings: $120 Million
Grace Groner Grace purchased $180 stock in Abbott Laboratories, where she worked as secretary for 43 years – and, thanks to her frugal lifestyle and thoughtful investing, she build a $7 -million-dollar fortune. She left her entire estate to Lake Forest College.
The Millionaire Game Listen to the rules of the game
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Rules of Improving Your Financial Life
HW Write a brief essay about how to become a millionaire.
- Slides: 45