Question of the Day: What is the #1 long-term financial goal for young people (ages 16-25)?
Answer: Owning a home.
- What is your #1 financial goal?
- Do you think the financial goals of a 16 year old will differ from those for a 25 year old? Explain.
- Do you believe that goal-setting is an effective strategy in achieving what you want out of life?
- What goals have you set in the last 12 months and what have been the results?
Click here for the ready-to-go slides for this Question of the Day that you can use in your classroom.
Behind the numbers (Schwab survey):
Here's an NGPF Activity to help your students set savings goals.
About the Author
Tim's saving habits started at seven when a neighbor with a broken hip gave him a dog walking job. Her recovery, which took almost a year, resulted in Tim getting to know the bank tellers quite well (and accumulating a savings account balance of over $300!). His recent entrepreneurial adventures have included driving a shredding truck, analyzing executive compensation packages for Fortune 500 companies and helping families make better college financing decisions. After volunteering in 2010 to create and teach a personal finance program at Eastside College Prep in East Palo Alto, Tim saw firsthand the impact of an engaging and activity-based curriculum, which inspired him to start a new non-profit, Next Gen Personal Finance.
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