Step 1: create your life.
Step 2: see Ms. Norris to find out how you were affected by the Great Depression.
Simulation- Create your life.
Step 2: see Ms. Norris to find out how you were affected by the Great Depression.
Simulation- Create your life.
- Choose your age- you can be 23-60 years old.
- I am _____________ years old in this game.
- I am _____________ years old in this game.
- Choose your profession (job).
- I am a ______________________ in this game.
- I am a ______________________ in this game.
- How much money do you make at your job? Google “average salary” and your job for an estimate
- I make $_______________________ a year.
- I make $_______________________ a year.
- How much money do you have in your savings account?
- Under 30? You have saved 1% per year of working
- 30-44 years old? You have saved 2.5% per year
- 45-55 years old? You have saved 5%
- You began working at 22.
- Your salary____________ x _______ savings % (0.01, .02, or .05) =savings per year
- Savings per year______________ x _______________years of working
- TOTAL SAVINGS: $__________________
- Under 30? You have saved 1% per year of working
- Student loans? If you went to college subtract $50,000 from your savings
- Do you own or rent your home?
- OWN: Average home in Tigard = $342,000
- $200,000 home = $1000 a month
- $300,000 home = $1500 a month
- $400,000 home = $2000 a month
- $500,000 home = $2,500 a month
- My mortgage is $__________________ a month
- $200,000 home = $1000 a month
- Rent: how much do you pay in rent?
- I pay $________________ in rent.
- I pay $________________ in rent.
- OWN: Average home in Tigard = $342,000
- How much have you invested?
- 10% of your income is a desirable target
- 5% is more reasonable if you are below 30 years old
- I want to invest $__________________ to my savings
- You can invest on the margin, 10%, 20%, 30%, 40% or 50% (circle one)
- Amount invested _______________
- Total in stocks: $________________ (money invested divided by percentage)
- 10% of your income is a desirable target