Friday, September 23, 2011

Class Discussion: First speaker

The Social Networking class has chosen 'Finance' as our first topic. We've framed up the following ideas for our questions and will send out an invitation to a guest speaker today! We're hoping to bring the guest speaker in next week.

Finance:

What should you look for when you borrow money?

Setting a budget: Especially in college:

Credit cards: How do they work?
Interest?
How does monthly billing work? Is interest charged monthly on unpaid balances?
What are some 'credit card traps' to watch out for?

Mortgages? How do they work?
Interest rates?
Paying on principal?

Car loans?

Online banking?

Safe investing?
CDs, Roth IRAs, Interest on accounts. What's the best option?

Saving money 'for a rainy day.' Problems with spending to your budget limit.

How did you get to where you are?
Did you want to do this when you were in high school?
Job path?
College experience? How did you manage this path?

What do you see as the future of your job?

What was your personal journey from high school into college, the workplace, to where you are now?

Other questions we should ask? Perhaps ones we should leave out for another time?

Thoughts?

4 comments:

  1. Patrick, Peyton, Dylon, SaraSeptember 27, 2011 at 10:26 AM

    1) Are credit cards really worth the risk right out of high school/college??
    -if so, how can they be beneficial when used correctly?

    2)How much money should be left invested, versus in a bank account slowly collecting interest?
    -what is the future of investment banking? Will it return to normal?

    3) Coming out of college, should we be more worried about doing something we enjoy, or finding a job that is more financially stable?

    4) What drove you to chose the career you did? Was it something specific, or did you just "do it to do it"?

    ReplyDelete
  2. Adis, Max, Kevil

    What did you want to grow up to be when you were a child?

    Is online banking safe/ would you recommend it?

    Before heading off to college, what should one expect in terms of cost of living?

    ReplyDelete
  3. Identity theft-How easy it is and what to do to prevent it?
    Which card is more beneficial? Cards that have benefits are more likely to have you charge on a card then pay with cash putting you in more debt?

    ReplyDelete
  4. Ryan and Shahzaib

    At what point does taking out a loan become dangerous?

    What type of loans should we take out for college?

    ReplyDelete