Evolution of Money
What are the three forms of money I talked about?
Cash, Credit Card, and Cryptocurrency
Why would someone use a bank?
Because it is safer than storing large amounts of money in house
What is a job vs a career?
Job is short-term work for money, and career is long-term path based on skills and interests.
You get all the money you earn on a paycheck. True or False?
False
What is the barter system?
People used to trade goods and services directly (e.g., trading wheat for fish).
What is a savings account?
Stores money for future needs and earns interest.
This career involves studying how people behave, think, and feel, often helping others understand their emotions and mental health.
Psychologist
What is one thing in our town paid for by taxes?
School, Libraries, etc
Early societies started using valuable objects like shells, salt, cattle, and gold as money. What type of money is this?
Commodity Money
One reason to why saving is important in terms of interest.
The earlier you save, the more you earn from interest.
Give me two type of income.
Salary, Hourly Wage, Commission, Passive Income
What is the money you actually earn called?
Net Pay
Who invented paper money?
Chinese
What are the two types of interest?
Simple and Compound
What are the steps of a career pathway? Hint: Start with high school diploma
High school diploma, Bachelor's Degree, Grad School, Specialities
Sales tax vs Income tax
Sales tax: When buying something
Income tax: Taken from paychecks