Dollars and Decisions

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presentation on money management and quick budgeting facts for teenagers. facts from personal finance to financial aid for college. content written by Byron Wolt, digitally re-imagined by yours truly

Text of Dollars and Decisions

  • DOLLARS and DECISIONS www.youtube.com/browncollegeguy Money matters for living independently in the Real World Tou Lee Yang
  • www.myspace.com/browncollegeguy www.youtube.com/browncollegeguy
    • Common Money Mistakes
    www.youtube.com/browncollegeguy
    • Overspending
    www.youtube.com/browncollegeguy
    • Over Borrowing
    www.youtube.com/browncollegeguy
    • Not Organized
    www.youtube.com/browncollegeguy
    • Not Making a Plan!
    www.youtube.com/browncollegeguy
  • Is it easier to GET money or to KEEP money? A Fundamental Question: www.youtube.com/browncollegeguy
  • Education is Important! www.youtube.com/browncollegeguy
  • www.youtube.com/browncollegeguy 1440 Northland Drive Mendota Heights, MN 55120 651-905-3582, 800-627-6966 www.myspace.com/browncollegeguy
  • A Non-Traditional Education
    • Career Oriented Programs
    • Real World Learning
    • Small Classes
    • Online Learning Option
    • Flexible Schedules
    • Admission Requirements
    • ACT/SAT Not Required
    • Personal Interview
    Bachelor Degrees 36 Months Associates Degrees 18 Months www.youtube.com/browncollegeguy
  • Brown College Services
    • Financial Aid - personalized tuition planning assistance
    • Career Services - job placement & career prep
    • Internships - for real world career experience
    • Wireless Campus - student laptop program
    • Student Services - rideshare, housing, activities, etc
    • Study Abroad - London, Paris, Florence, & Dubai
    www.youtube.com/browncollegeguy
  • School of Broadcasting
    • Radio Broadcasting
      • Associate of Applied Science Degree 18 months
    • Television Production
    • Associate of Applied Science Degree 18 months
    www.youtube.com/browncollegeguy
  • School of Technology
    • Information Technology
    • Bachelor of Science Degree 36 months
    • Network Development
      • Associate of Applied Science Degree 18 months
    • Software Development
      • Associate of Applied Science Degree 18 months
    • Game Design and Development
      • Bachelor of Science Degree 36 months
    www.youtube.com/browncollegeguy
  • School of Design
    • Visual Communication
        • Multimedia
        • Graphic Design
      • Bachelor of Science Degree 36 months
      • Associate of Applied Science Degree 18 months
    • Interior Design
      • Bachelor of Science Degree 36 months
    • Digital Photography Bachelor of Science Degree 36 months
    www.youtube.com/browncollegeguy
  • Other Programs
    • Criminal Justice Bachelor of Science Degree 36 months Associate of Applied Science Degree 18 months
    • Business Management
      • Bachelor of Science Degree 36 months
    www.myspace.com/browncollegeguy
  • Associate Degrees Offered Culinary Arts Program 15 months Patisserie and Baking Program 15 months
  • DOLLARS and DECISIONS www.youtube.com/browncollegeguy Money matters for living independently in the Real World Tou Lee Yang
    • to pay your bills
    GETTING SKILLS www.youtube.com/browncollegeguy
  • To get money: You must do something And Someone else must do something too! SUPPLY & DEMAND www.youtube.com/browncollegeguy
  • Work Borrow Other? How do you get money? www.myspace.com/browncollegeguy www.youtube.com/browncollegeguy
  • Your SKILLS The supply & demand for your SKILLS Your ability to sell your SKILLS What determines YOUR income? www.youtube.com/browncollegeguy
  • $260 week $1,127 month $13,250 year $6.50 an hour Show up skills People skills Do something skills www.youtube.com/browncollegeguy
  • $500 week $2,167 month $26,000 year $12.50 an hour HS Diploma/GED Certificate/License Associates Degree www.youtube.com/browncollegeguy
  • Typical Paycheck at $26,000 per year www.youtube.com/browncollegeguy
  • $1,200 week $5,200 month $62,400 year $30.00 an hour Advanced Skill High Demand Career Straight Cash Homey! www.youtube.com/browncollegeguy
  • Its up to YOU Your Decisions Your Priorities To Keep Money: www.youtube.com/browncollegeguy
    • Keeping
    • is easier than
    • Getting
    • money
    www.youtube.com/browncollegeguy
    • The B Word
    BUDGET www.youtube.com/browncollegeguy
    • A Fundamental Concept
    Trade Off The cost of what you give up EVERY TIME you make a CHOICE www.youtube.com/browncollegeguy
    • Bye Bye ByeMoney
    • Rent
    • Utilities
    • Cable/Satellite
    • Car
      • Insurance
      • Fuel
      • Maintenance
    • Phone
      • Cell Phone
      • Internet
      • Long Distance
      • Text Messages
    • Food
      • Dine In
      • Dine Out
    • Clothing/shopping
    • Designer vs. discounted brands
    • Personal
      • Grooming
      • Wellness
    • Entertainment
      • Going Out
      • Dating
      • Evil Vices
    Credit Cards www.youtube.com/browncollegeguy
    • SHELTER
    30% or less of income should be spent on shelter www.youtube.com/browncollegeguy
    • Rent
    www.youtube.com/browncollegeguy $ 1200 West Sub. E ast Sub. South Sub. North Sub. St. Paul Mpls $ 1300 $ 950 $ 716 $ 816 $ 1000 2 bdr $ 1000 $ 700 $ 800 $ 607 $ 650 $ 800 1 bdr $ 605 $ 494 $ 515 $ 428 $ 458 $ 465 studio Approximate average cost of an apartment Twin Cities Metro Area Source: Based on averages from Rent.com
    • Food
    Average monthly cost of food at home at four cost levels USDA Family Food Plans www.youtube.com/browncollegeguy
    • Saving Money
    www.youtube.com/browncollegeguy Your Personal Activity Monthly Savings Annual Savings Stop dining out $45 $540 Wash your own car $12 $144 Movie rental vs. monthly movie $11 $132 Regular coffee vs. cappuccino $40 $480 Miscellaneous Personal $15 $180 TOTAL $123 $1,476
    • Saving Early Pays
    Jack Ages 21 - 30 $0.00 Ages 31 - 65 $2,000 per year for 35 years Total Investment $70,000 Jill Ages 21 - 30 $2,000 per year for 9 years Ages 31 - 65 $0.00 Total Investment $18,000 Total at age 65 Jack $470,249 Jill $570,471 Example calculated at 9% interest www.youtube.com/browncollegeguy
    • Can you guarantee a 9% return on your investment?
    The market does fluctuate from year to year BUT 10% has been the annual average return for the stock market for almost 100 years NO www.youtube.com/browncollegeguy