Saving vs Investing Assignment...

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Saving vs Investing…
• What is saving?
◦ Saving is the amount of income not spent or used.
• What is a Savings Account?
◦ A Savings Account is a place where you can store cash securely while you earn
interest on your money.
• What is Investing?
◦ Investing means putting money into something with the expectation of earning
profitable returns in the future through interest or an increase in investment value.
• What does Investing in yourself mean?
◦ “Investing in Yourself” - putting time and money towards your own personal growth.

Carefully read and follow each of the steps listed below

to complete the assignment. If you do not follow each
step exactly your assignment will NOT be graded.
STEP 1:
----->Click on the link below to watch the video “What Is Risk Tolerance?”
What Is Risk Tolerance? | Financial Terms (https://www.youtube.com/watch?
v=mJwGRY-U0H0)

(https://www.youtube.com/watch?v=mJwGRY-U0H0)

----->Click on the link below and read the article “What is Risk Tolerance?”
https://www.thebalance.com/what-is-risk-tolerance-2466649
(https://www.thebalance.com/what-is-risk-tolerance-2466649)

----->After watching the video and reading the article answer the following questions:
1. Why is it important to understand risk tolerance when investing?
2. How might risk tolerance vary from one individual to another? In what
situations?

STEP 2:
----->Click on the link below and read the article “Short-Term or Long-Term, Budget and
Save for Your Goals”

https://www.nerdwallet.com/blog/finance/short-vs-long-term-goals/
(https://www.nerdwallet.com/blog/finance/short-vs-long-term-goals/)

----->After reading the article answer the following questions:

1. What is the difference between short-term and long-term financial goals?
2. What are some examples of short-term financial goals?
3. What are some examples of long-term goals?

STEP 3:
----->Click on the link below and complete the Risk Tolerance Survey.
https://beaconinvesting.com/risk-tolerance-survey/
(https://beaconinvesting.com/risk-tolerance-survey/)

----->After completing the survey, use the results to create a timeline of what your
short-term and long-term plans might be for saving vs investing at the 5 stages life listed
below:

1. High School Student

2. Post-Secondary Student
3. Career/Workforce
4. Family
5. Retirement
STEP 4:

----->Click on the links below and read the articles:

◦ “Saving vs. Investing: Understanding the Key Differences”
◾ https://www.investopedia.com/articles/investing/022516/saving-vs-
investing-understanding-key-differences.asp
(https://www.investopedia.com/articles/investing/022516/saving-vs-investing-
understanding-key-differences.asp)
◦ “Saving vs Investing Money”
◾ https://www.thebalance.com/saving-money-vs-investing-money-
358062 (https://www.thebalance.com/saving-money-vs-investing-money-
358062)

----->After reading the articles answer the following questions:

1. What is the difference between saving and investing?
2. What are some examples of saving?
3. What are some examples of investing?

STEP 5:
----->Click on the link below and read the article “The 5 Most Important Money Lessons
to Teach your Kids”

https://www.forbes.com/sites/laurashin/2013/10/15/the-5-most-important-money-
lessons-to-teach-your-kids/#5be1eec76826
(https://www.forbes.com/sites/laurashin/2013/10/15/the-5-most-important-money-lessons-to-
teach-your-kids/#5be1eec76826)

----->After reading the article answer the following questions:

1. What lesson do you think is the most important? Why?

STEP 6:
-----> Click Submit Assignment above to submit your assignment. Email submissions
will Not be accepted.
 Points 0
Submitting a file upload

Due For Available from Until

Nov 22, 2019 at 12pm Everyone Nov 19, 2019 at 12am Nov 22, 2019 at 12pm