Economics For Success

1. Economics For Success Let Their Success Be Your Inspiration

2. Lesson 1: Dream Your Success Lesson 2: Keep Your Balance Lesson 3: Discover Yourself Lesson 4: Plan Your Success Overview Introductions Expectations Wrap Up

3. Introductions • Who am I? • What was my education path? • What do I do for a living? • Why am I here? • Me… • Only one person speaks at a time please • Be respectful and value the opinions of your peers • Have fun! • The Class… • Ask questions when you are unsure of a concept or would like further explanation • An equal opportunity to participate

4. Dream Your Success • Mirror, Mirror! • It’s time to think about what you want to do after high school: • What are your plans after high school? • Do you want to go to college, university or trades school? • Do you want to travel and study new languages? • Is money important? • Do you want to start your own company? • Where do you want to live? City, country or another province? • Do you want to spend time volunteering overseas?

5. Dream Your Success Choose your SUCCESS! • What is your definition of success? • What does success mean to you? • How do you measure success? Level of education? Type of job? Owning a home/car?

6. Success is a Continuous Journey http://www.ted.com/talks/richard_st_john_success_is_a_continuous_journey.html

7. Game: Keys To Success! Your Goal… The Winner is the person with the most keys (KEY cards) to unlock the door to success! • A Few Good Rules… • Player with the next birthday starts the game. • Everyone starts with 2 key cards • OPPORTUNITY KNOCKS cards can be either: • Positive (seize an opportunity) – move forward • Negative (miss an opportunity) – move backwards • The player to your right reads you the KEY cardquestion. • The KEY cardsmust be answered correctly in order to keep the card. • The GRAB-A-KEY and GIVE-A-KEY squares allow you to steal or give keys to other players. You do not take cards from the pile. • If you pass GOyou can grab 2 KEY cardsfrom the pile.

8. interests values skills Exploring Self Knowledge What beliefs and ideals are important to you? self-knowledge What activities or hobbies do you enjoy? What are you good at doing?

9. Exploring Self Knowledge Now that you have completed the Self Knowledge Triangle: What kind of a career can you think of, that would incorporate one of your skills, one of your values and one of your interests? Example: I’m good at cooking, I’m interested in basketball and I value teamwork. Answer: I could be a sports nutritionist for a pro basketball team and my value of teamwork could be used every day working with the players!

10. Discussion • Why is it important to think about the future? • Which part of self-knowledge is most important for making career decisions? • Which part of self-knowledge most affects school performance? Why? • Which part of self-knowledge most affects job performance? Why? • What did you learn about education and future success? • What can you be doing now to help yourself achieve success in the future?

11. Keep Your BalanceLets play a game! • Name your team! • Each team will Guess the Price of the following grocery store items • The Team who has the closest guess to the actual price, WINS!

12. Guess the Price? TIDE DETERGENT 2.95L/64 USES

13. Guess the Price? KRAFT DINNER REGULAR SIZE 225g

14. Guess the Price? ADVIL, 50 TABLETS

15. Guess the Price? DURACELL, RECHARGABLE 4 PACK, AA BATTERIES

16. Guess the Price? MAPLE LEAF “PRIME” BONELESS CHICKEN BREASTS, 5 PIECES,

17. Guess the Price? RICE KRISPIES LARGE FAMILY SIZE 700GRAMS

18. Guess the Price? Do you know the difference between organic and non organic? 12 LARGE WHITE EGGS, 12 LARGE BROWN ORGANIC EGGS, RABBIT FARM BRAND

19. Guess the Price? Specialty Bakery- Terra Breads, multigrain loaf 750g Grocery store bread 454g

20. It’s time to move out! • You are now living on your own. • You will be paying for all expenses yourself. • You now have your drivers license. • You have a job, but only pays based on a high school education A few pointers before we fill in the spreadsheet: • Accommodations can be shared, but it must be a 2 bedroom. • Do NOT use the Accommodation information on page 8, please use the hand out or refer to slide 22 instead. • Pay attention if your accommodation already includes utilities. • You may split household incidentals if you are sharing accommodation.

21. Moving Day!

22. Where will you live? $1000 / 2br - Beautiful 2 BR/ 1 BA, newly renovated (2148 E. 33rd Ave.) -Beautiful, newly renovated 2 bdrm suite with 1 full bath new gas range and very clean. $750 / 1br - Nice garden level bachelor suite (Mt Pleasant) -This nice garden level bachelor has a new kitchen, including new dishwasher, fridge & stove. The suite is in a well maintained character house on a quiet Mount Pleasant street. -Available now. Rent includes hydro. $950 / 2br - 520ft² - Centrally located 2bedroom suite located closed to Canada Line (Marine and Fraser) -Ground level two bedroom suite for rent with private entrance. -Rent is $950/ month all utilities included. No laundry. $600 / 1br - 1 Large Bedroom suite Private Entrance (Surrey) -One large bedroom suite above ground with new washroom. -Includes cable, hydro, Wifi . $1160 / 1br - 500ft² - 1 bedroom close to Stanley Park and Coal Harbour, 1 year lease -1 bedroom apartment available now -Heat and hot water included$900 / 2br - 900ft² - Vancouver Renfrew Heights Location 2 Bedrooms!! -We have a floor suite for rent. It is 2 bedrooms of decent size for $900 a month (non-negotiable). $800 / 1br - Awesome furnished private bedroom -Only one person allowed for this suite, which is the top level.-Everything included washer dryer, dishwasher , extremely highest speed internet ,utilities ,cable and cleaning provided.

23. Pre-Season Pass Rates 2012/2013 Adult (18-64) $999 Youth (13-17) $659 *Prices go up if you don’t buy pre-season! HobbiesDo you have any hobbies? Do you know what they cost? Cypress Mtn. Ski Pass! Annual National Parks Pass (Grouse Mountain) $99.00 Annual Pre-Paid Membership at Vancouver Fitness Centers & Swimming pools: Adult: $357.00

24. If you liked the Moving Day Expense game, you can now play it online! • Go to: http://www.jacan.org/efs/kyb/session.php. Click NEXT on “Create new session ID”, 2. Type in the letters you see and click NEXT. • The final box will show your new Session ID. Click on Launch and you’re ready to play! Click Next

25. Pay Day! FACT: Did you know that minimum wage in B.C is $10.25/hr? To calculate the annual net pay (or what you will earn in a year), multiply the MONTHLY NET PAY by 12!

26. Discussion • Did you finish up your budget with a surplus (+) or a deficit (-)? • What expenses did you find most surprising ? Was your budget realistic? Why or why not? • Which items in your budget did you consider to be necessities? • Which were luxuries? • What surprised you about the monthly net pay versus the gross pay? Was the net pay what you expected? • Was it difficult to live within your means with the net pay? What items did you have to delete from your budget to be able to live within your means?

27. Median Annual Income, by Level of Education, 2008–10 More education = Higher pay! http://www.infoplease.com/ipa/A0883617.html

28. What do these statistics mean? Higher levels of education contribute to financial security through higher earnings, higher earnings growth, lower job loss risk, greater accumulation of net worth, and higher income in retirement. For example, Canadians with a post-secondary education enjoy: • higher earnings, as much as $23,000 on average more than those with only a high school diploma • higher earnings growth over their careers • lower unemployment risks

29. Working with Others Communication Adaptability Positive Attitude & Behaviour Problem Solving Employability Skills What Are Some Employability Skills?

30. Employability SkillsWhat are Transferable Skills? They are employment skills that can be transferred from one job to another. These skills are used and developed in all areas of your life. They are important to ALL employers!  Top 10 Employability-Transferable-Essential Skills: http://www.careernotes.ca/employability/top-10-employability-skills/

31. Discussion • Are you employable? • Why is it important to develop employability skills? How will having good employability skills help you achieve your success? • What qualities is an employer looking for in a new employee? • How will staying school help you develop good employability skills? • Why is it important to continue to develop skills throughout your working career?

32. Hire this PersonPreparing for a job interview- • How do I prepare for a job interview? • What do I bring to a job interview? • What do I say? What do I not say? • What should I wear? • What do I do, once the interview is over?

33. Our World Is Rapidly Changing. Can You Keep Up?Video: Did you know 3.0? Updated for 2012 http://www.youtube.com/watch?v=YmwwrGV_aiE

34. Oil and Gas Industry Science and Technology Construction and Manufacturing Plan Your Success Where Are The ‘Hot Jobs’ In BC? Film and Movie Production Reference: http://www.employment.alberta.ca/documents/LMI/LMI-LFS-Feb11-package.pdf; Retrieved March 15, 2011

35. STEP 6 STEP 5 Always Re-evaluate ! STEP 4 Set a Goal and Plan ! - Repeat these Career Planning Steps throughout your life! STEP 3 Make a Decision STEP 2 - Identify steps needed to achieve the goal Research STEP 1 - Look at decision-making styles. - What did you learn about ‘you’ and how does that impact your research? - Career Centre - Print Materials - Informational interviews - Volunteering - Job shadows - Internet Identify Options - What career ideas do you have? - What career ideas does your family / friends / teachers have? - What level of education / training do you have or want to achieve? Learn About Yourself - Discover your interests / values / skills / personal traits! Career Exploration & Career Planning * You will revisit some or all of these steps, many times during your lifetime

36. FUTURE TRIVIA JEOPARDY Directions • Class divides in half. • One student from Team A chooses a category, and as a team, you will try to answer the question. • If you get the answer right, the points are awarded; if you get it wrong, your team does not get any points. • Team B then goes next. • Discuss each of the answers as needed. **Click on the piggy bank icon on the bottom right to take you back to the game board. HAVE FUN!

37. FUTURE TRIVIA JEOPARDY **Click on the piggy bank icon below, to RETURN HERE**

38. What Does a “Civil Engineering Technologist” do? • Referees soccer games • Interviews people on favourite food brands • Works with engineers, architects, surveyors and contractors in designing buildings, roads, etc. • Draws pictures for most engineering textbook and magazine covers C

39. What does an “Insurance Adjuster” do? • Puts yellow lines on the road • Works with grocery stores to look at what foods to sell • Decides what music is played on a radio station • Decides if an insurance claim is covered by the insurance company D

40. What does a “Pollution Control Technologist” do? • Looks at aircraft equipment to make sure the plane is safe to fly • Manages environmental pollutants in soil, air or water • Fixes air conditioners and controls the temperature dials • Flies kites in Florida B

41. What does a “Podiatrist” do? • Cleans clay pots • Takes care of feet • Fixes roller coasters • Paints road signs B

42. What does an “Illustrator” do? • Makes glue in a factory • Tests shoes used in professional sports, including football • Creates pictures for different products like books, reports, cereal boxes, etc. • Manages a grocery store C

43. Name two possible deductions from a salary? • C.P.P • E.I. • Union Dues • Income Tax • Uniforms • All of these are deductions!

44. What does “S.I.N” stand for? • S.I.N stands for Social Insurance Number. • The Social Insurance Number (SIN) is a nine-digit number that you need to work in Canada or to have access to government programs and benefits. • If you are a Canadian citizen, a newcomer to Canada or a temporary resident, you need a Social Insurance Number (SIN) to work in Canada or to receive benefits and services from government programs.

45. True or False: You cannot get a S.I.N until you get your first job? FALSE – You need this before you start your first job. You can get a S.I.N as soon as you turn 12 years old.

46. What is E.I? • E.I. stands for Employment Insurance • E.I. provides temporary financial assistance to unemployed Canadians who have lost their job through no fault of their own, (for example, due to shortage of work, seasonal or mass lay-offs) while they look for work or upgrade their skills. • Where does the money for E.I. come from? Every paycheck you receive, deductions are made and this money goes into a type of “E.I. bank account”. When you require temporary financial assistance due to a lay off, the money is there to pay bills while you look for work. • If you never require these funds in your working career, you do not get a refund when you retire.

47. What is “NET PAY?” • The money you take home after taxes and other deductions have been subtracted from your paycheck.

48. What is Job Shadowing? • Job shadowing is a career exploration activity that offers an opportunity to spend time with a professional, currently working in a person’s career field of interest. • Job shadowing offers a chance to see what it’s actually like working in a specific job. • Not only do job shadowers get to observe the day-to-day activities of someone in the current workforce, they also get a chance to have their questions answered.

49. What is an informational interview? • When an employer asks questions to see if you could do the job. • When a reporter does a story on your job. • When you interview someone working in a job that interests you to learn about it. • None of the above. C

50. True or False: There is no help for young entrepreneurs under the age of 25? False – There are many government programs that can assist young people who want to start up their own business. For example, Community Futures can help young people start small businesses. http://www.communityfutures.ca/programs/programs-for-entrepreneurs/index.php