Mark Zuckerberg, the creator of Facebook, is worth $19.8 billion making him one of the youngest self-made billionaires. He founded Facebook in 2004 while still a student at Harvard University. Facebook has since grown to have billions of users worldwide and gone public on the stock market, making Zuckerberg's stake in the company extremely valuable.
A Critique of the Proposed National Education Policy Reform
Learn Money Week 2014 Presentation
1. How youngest self made billionaire
Mark is the much is Mark Zuckerberg,
the creator of Facebook worth?
A
C
WELCOME!
$198 Million
$19.8 Billion
Learn
Money
Week
$1.98 Billion
B
D
$198 Billion
2. Which of themakes more money than the
Walmart following companies had
largest income last year?
Norway
A
C
Walmart
McDonalds
B
D
Amazon
Microsoft
3. Which of the following couples
is worth $1 billion?
A
C
Angelina Jolie
and Brad Pitt
Jay-Z and
Beyonce Knowles
B
D
David and
Victoria Beckham
Kim Kardashian
and Kanye West
4. How much money goes to his Jackson
All this money now did Michael children
in themake last year?
form of inheritance
A
C
$0 he passed
away in 2009
$300,000
B
$160 Million
$160 Million
$30 Million
D
5. There is more
Monopoly money
printed in a year, than
real money printed
throughout the world.
The amount of money
in a Monopoly game is
$15,140
9. What is Interest?
A % reward for saving,
or a % charge for borrowing
If at 12 you started saving
£10 a month at home, you
would have just over £2000
by the time you were 30.
If you saved it in a bank you
could have over £3,500!!!
10. Pensions
work in a similar way
Start
at 30
Start
at 20
Based on average
savings there is a
massive difference
between starting a
pension at 20 and leaving
it until you are 30.
11. If you saved £2.50
every day from
the age of 14 in a
savings account
with 8% interest,
you'd save £1
million by the age
of 70!
13. Borrowing
When working out if you can afford to borrow
money always look at these 3 things
Amount
How Long
(term)
£1000
1 Year
Interest Rate %
9.9%
You would end up paying
back £1054.43
14. Borrowing
When working out if you can afford to borrow
money always look at these 3 things
Amount
How Long
(term)
£1000
1 Year
Interest Rate %
22.9%
You would end up paying
back £1128.34
15. Borrowing
When working out if you can afford to borrow
money always look at these 3 things
Amount
How Long
(term)
£1000
3 Years
Interest Rate %
9.9%
You would end up paying
back £1159.93
16. Borrowing
Total
Amount working out if you can afford to borrow
Interest
When Term
rate % repayment
money always look at these 3 things
Which do
£1000
1 Year
3
you think
3 Years
3 Years
£1159.93 22.9%
9.9%
£1000
£1000
is the best
deal?
£1000 You would end up paying
1 Year
22.9%
£1128.3
Amount
How Long
Interest Rate %
(term) £1054.4
9.9%
4
£1000
back £1391.67
3 Years
22.9%
£1391.67
17. Where could you borrow
money from?
Bank
Family + Friends
Credit Cards
Credit Union
Microfinance
Loan Shark
18. Money Marathon
Roll the die and see
what square you land on
– follow the instructions
written on the sheet.
The winner is the first
person to reach the
Finish Square!
19. What is the definition
of Interest?
How much would you
have to save a day to
become a millionaire?
What does the bank
do with the money
savers put in?
RECAP
The interest amounts on the following slides could be confusing for KS3 students. For example 9.9% of £1000 does not work out to a total loan of £1099; this is because most personal loans calculate interest monthly on the remaining outstanding principal of the loan.
With KS3 get the students to focus on three factors when taking out a loan:
Amount borrowed
Term of loan
Loan APR
Aim to focus the groups thinking around why you would choose one loan over another and not on how interest is calculated.
For more information on how the interest is calculated on this loan go to: http://mybnk.org/lmw-interest-powerpoint-slides/
