1. 4-H Future Millionaires Presented by: Neal Smith, Tonya Bain and Nancy Rucker

2. 4-H Future Millionaires Background –NASD Investor Education Foundation Grant –Partnership with Tennessee, Kentucky, Michigan and Virginia –Educational Modules related to Investing –Youth Investor Clubs –Interactive Website –Targets High School Students

3. 4-H Future Millionaires Educational Objectives: –Savings vs. Investing –Importance of Starting Early –Rule of 72 –Goal-setting –Need vs. Wants –Credit –Stock market

4. Educational Modules Module 1 – “Buy into the Lottery” Module 2 – “Invest the Money” Module 3 – “The Value of Starting Early” Module 4 – “Rule of 72” Module 5 – “Personal Crest” Module 6 – “Making Choices” Module 7 – “Credit Card Secrets”

5. “Buy into the Lottery” Playing vs. Investing Attraction of the Lottery Risks Involved Advertised Winnings vs. Take-Home Amount

6. “Invest the Money” Return on Investment Advantages to Starting Early Initial Investment vs. Yield of Return Website Calculators Used to Show the Value of Compounding Interest

7. “The Value of Starting Early” Activity with rolls of pennies and jars Illustrates how money doubles over time Advantages of starting early Challenges of starting early “Where will I get the money to invest?”

8. “Rule of 72” Used to Calculate: –The number of years it will take to reach a financial goal, based on a given interest rate –The amount of interest needed to reach a financial goal during a certain amount of time Money will Double (No. of Yrs.) = 72 Interest Rate

9. Rule of 72 Practice Chart If $ _______, earning _____% per year, is invested until age ____, beginning at age 18: At ageIt will doubleBy age 65, it will grow to timesabout $ timesabout $ 200 10 65 2 800 60 7 12,800 32

10. “Personal Crest” Identifies Goals: –Short-term –Intermediate –Long-term Possible Sacrifices Effect on Others “Put Your Thoughts into Writing”

11. “Making Choices” Needs vs. Wants Choices between: –Consuming –Saving –Investing Budgeting

12. “Credit Card Secrets” Credit Card Traps Credit Card Terms Video – “Charge It! Credit Card Secrets” Scenarios – “What Do You Do?”

13. “What’s Next?” Curriculum Release Date Planning Team Youth Investor Clubs Youth Financial Camp Interactive Website New NEFE High School Financial Planning Curriculum

14. Questions?