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Does Money Grow on Trees?

Explore the importance of education, career choices, and financial decisions in shaping your desired standard of living and overall well-being. Learn how to fertilize your future by setting goals and making informed choices. Also, discover the impact of living on minimum wage and the role of the US Department of Labor Bureau of Labor Statistics.

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Does Money Grow on Trees?

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  1. Does Money Grow on Trees? Earning Power

  2. Your Future • How do you see your future? • Draw a picture of it… • How much money do you have? • Where do you live? • What does your house look like? Family? Vacation?

  3. Where does Money come from? • Allowance • Working • Bonus • Fundraising • Scholarships • Gifts • Interest • Borrowing

  4. Why Do People Work? • To feel personal satisfaction • To improve their skills • To earn money

  5. Education Matters • Which education level has the opportunity to earn the highest income?

  6. Standard of Living • A standard of living is the minimum necessities thought to be essential • Millionaire – fancy food, mansion, new car • College student – instant soup, small apartment, used car • Need – essential items required for life • Food, water, shelter • Want – unnecessary but desired items • iPod, car, designer clothes

  7. Well-being • The state of being happy, healthy, and prosperous • Impacted by: • How money is gained • Career choice • How money is spent • Personal financial choices can affect an individual or entire family’s overall well-being

  8. Think Ahead • Identify a desired standard of living at an early age to determine: • Level of education needed • Type of job to have • Desired career path • Future needs and wants • Income level • What do you want to be when you grow up?

  9. Fertilize your Future • Plan NOW for your desired standard of living… • Education helps a person reach their financial goals OR OR

  10. “Living on Minimum Wage” • Warmth • Taking the bus/walking • Movie theater, buns, spending money • Relationship issue (divorce) • Health insurance, medical issues

  11. US Department of Labor

  12. Bureau of Labor Statistics

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