Building on the concepts covered in Money Matters, this class focuses on higher-level personal finance topics with a concentration on concepts and topics that have real-world, practical implications for students. This includes an introduction to investing, an overview of saving for retirement, how taxes work, concepts behind careers and entrepreneurship and an overview of insurance and bills related to car ownership and living expenses. Each concept is paired with hands-on exercises that allow for direct interaction with the concepts.
This course is ideal for college-bound 11th and 12th grade students who have taken Money Matters, or who have a strong grasp of personal finance fundamentals (credit cards, student loans, budgeting, banking and savings) and would like to take the next step in leveling up their personal finance knowledge and skills.
Please note times are in Central Standard Time (CST).
- Understand the core concepts around investing, including risk vs. return, an introduction to the stock market and an overview of different types of investments (stocks, bonds, index funds, etc.)
- Understand the foundational concepts behind long-term investing and investing for retirement. This will include a review of compound interest principles as well as different retirement investment vehicles (401K, IRA, Roth IRA, etc.) and saving for retirement both within and outside of employer plans.
- Learn the key concepts of taxes including a brief overview of federal and state taxes as well as the concepts behind tax returns and how to fill out a simple tax form and understand the information on a W-2.
- Learn about the wide variety of career paths and the corresponding educational requirements and associated salary expectations. Learn about entrepreneurship and how to start a business as well as key entrepreneurial skills that are beneficial in college and in the workplace.
- Understand the core concepts behind paying bills and the common living expenses that students will face in college and beyond. Give a high-level overview of insurance and when it's needed. Understand the costs and responsibilities associated with car ownership and considerations for making a large purchase.
- Online registration closes at noon 4 days prior to the start of the class.
- For late registration options, please contact SMU College Prep at 214-768-2267 for assistance.